DigitalOcean Results Presentation Deck
ņ
Non-GAAP Net Income
(In thousands, except per share amounts)
GAAP Net income (loss) attributable to common
stockholders
Stock-based compensation (¹)
Acquisition related compensation
Amortization of acquired intangible assets
Acquisition and integration related costs
Loss on extinguishment of debt
Impairment of long-lived assets
Restructuring and other charges
Restructuring related charges(²)
Non-GAAP income tax adjustment (3)
Non-GAAP Net income
$
Three Months Ended
September 30,
2023
19,175 $
28,731
7,995
5,651
2,366
587
(441)
(29,484)
9,011
43,591 $
2022
7,903 $
23,594
2,361
1,661
2,700
24
710
38,953 $
Nine Months Ended
September 30,
2023
3,470 $
92,754
22,576
13,231
5,113
-
1,140
20,862
(26,757)
(14,393)
117,996 $
2022
(17,424)
77,758
2,361
2,687
2,868
407
1,615
992
71,264
(1) For the three and nine months ended
September 30, 2023, non-GAAP stock-based
compensation excludes the $31.3 million.
reversal related to the forfeited MRSU award
as it is presented in Restructuring related
charges.
(2) Primarily consists of salary continuation
charges, executive reorganization charges
including CEO search firm fees and other
legal and professional service costs, and the
$31.3 million reversal of stock-based
compensation related to the forfeited MRSU
award.
(3) Previously, we calculated the income tax
effects of non-GAAP adjustments based on
the applicable statutory tax rate for the
relevant jurisdiction, except for those items
which were non-taxable or subject to
valuation allowances for which the tax
expense (benefit) was calculated at 0%. Prior
to fiscal year 2023, U.S. income tax effects of
non-GAAP adjustments were subject to a
valuation allowance and, therefore, were
taxed at 0%. Beginning January 1, 2023, the
Company projects to be a U.S. taxpayer and
will use a long term fixed forecasted rate of
17% on non-GAAP pre-tax income for 2023.
digitalocean.com
20View entire presentation