DigitalOcean delivered a robust third quarter, outperforming expectations with 16% revenue growth and record organic ARR, bolstered by strong demand from AI-native and digital enterprise customers.

• Revenue reached $230 million, the highest growth rate since Q3 2023, with $44 million in organic incremental ARR.
• Adjusted EBITDA and non-GAAP EPS exceeded guidance, achieving a trailing 12-month adjusted free cash flow margin of 21%.
• Revenue from customers with over $1 million in annual run rate grew 72% year-over-year, highlighting increased retention and spending.
• The company's expanding AI infrastructure is attracting significant traction among major AI-native companies, enhancing future growth potential.
• DigitalOcean's balance sheet was strengthened through strategic equipment leasing and the repurchase of its 2026 convertible debt.