The Filing Desk

DigitalOcean vs Riot Platforms

DigitalOcean DOCN · Riot Platforms RIOT · Internet Services & Infrastructure

DigitalOcean reported revenue of $901 million in fiscal 2025, 1.4 times Riot Platforms' $647 million in fiscal 2025. DigitalOcean's revenue grew 15.5% in its latest year, and Riot Platforms' grew 71.9%. DigitalOcean had an operating margin of 17.4%, against -96.1% at Riot Platforms. Free cash flow was $181 million at DigitalOcean and −$774 million at Riot Platforms.

Side by side

DigitalOceanRiot Platforms
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$901M$647M
Revenue growth15.5%71.9%
Revenue growth a year, last 5 years23.1%121.7%
Gross margin59.9%—
Operating margin17.4%−96.1%
Net margin28.8%−102.4%
Free cash flow$181M−$774M
Free cash flow margin20.0%−119.6%
Return on capital15.7%−14.2%
Net debt to EBITDA4.0x—
Dividends and buybacks$82M$4M
Change in diluted share count11.5%6.8%
Last close$72.48$16.71
P/E at the last close——
Insider trades, last 12 monthssold $573.8 millionsold $9.5 million
Piotroski F-score7 of 91 of 8
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
DigitalOceanRiot Platforms
Operating margin
Percent of revenue
DigitalOceanRiot Platforms
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
DigitalOceanRiot Platforms

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the DigitalOcean and Riot Platforms pages.