DOCN · NYSE
It filed on time and stood behind its numbers. Of companies scoring zero, 4.0% were delisted, went bankrupt, restated or stopped filing within the following year.
Hover or tap a dot to see the filings behind that score.
DigitalOcean Holdings, Inc. (the “ Company ”) has determined that it is unable to file its Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2023 (the “ Second Quarter 2023 10-Q ”) within the prescribed time period, without unreasonable effort or expense, due to the circumstances previously disclosed in Item 4.02 of the Company’s Form 8-K filed with the Securities and Exchange Commission (the “ SEC ”) on August 3, 2023 (the “ Form 8-K ”) and described below. As previously disclosed in the Form 8-K, in the course of preparing the Company’s interim financial statements for the fiscal quarter ended June 30, 2023, the Company discovered errors in the Company’s accounting for income tax expense primarily relating to the calculation of certain capitalized research or experimental expenditures under Section 174 of the Internal Revenue Code of 1986, which impacted the Company’s income tax provision (the “ Section 174 Error ”). The Company intends to file an amendment to the Company’s Quarterly Report on Form 10-Q for the three months ended March 31, 2023 filed with the SEC on May 9, 2023 (the “ First Quarter 2023 10-Q ”) to restate its unaudited condensed consolidated financial statements for the three months ended March 31, 2023. Additionally, the Company is correcting other immaterial errors. As a result of the errors described above and the related restatement, the Company has identified a material weakness in its internal control over financial reporting (“ ICFR ”). The Company’s management concluded that the Company’s disclosure controls and procedures (“ DCP ”) and ICFR were not effective as of December 31, 2022 and the Company’s DCP were not effective as of March 31, 2023 because of this material weakness
NT 10-Q, filed 2023-08-09 · material weakness
DigitalOcean Holdings, Inc. (the “ Company ”) has determined that it is unable to file its Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2023 (the “ Second Quarter 2023 10-Q ”) within the prescribed time period, without unreasonable effort or expense, due to the circumstances previously disclosed in Item 4.02 of the Company’s Form 8-K filed with the Securities and Exchange Commission (the “ SEC ”) on August 3, 2023 (the “ Form 8-K ”) and described below. As previously disclosed in the Form 8-K, in the course of preparing the Company’s interim financial statements for the fiscal quarter ended June 30, 2023, the Company discovered errors in the Company’s accounting for income tax expense primarily relating to the calculation of certain capitalized research or experimental expenditures under Section 174 of the Internal Revenue Code of 1986, which impacted the Company’s income tax provision (the “ Section 174 Error ”). The Company intends to file an amendment to the Company’s Quarterly Report on Form 10-Q for the three months ended March 31, 2023 filed with the SEC on May 9, 2023 (the “ First Quarter 2023 10-Q ”) to restate its unaudited condensed consolidated financial statements for the three months ended March 31, 2023. Additionally, the Company is correcting other immaterial errors. As a result of the errors described above and the related restatement, the Company has identified a material weakness in its internal control over financial reporting (“ ICFR ”). The Company’s management concluded that the Company’s disclosure controls and procedures (“ DCP ”) and ICFR were not effective as of December 31, 2022 and the Company’s DCP were not effective as of March 31, 2023 because of this material weakness
2023-08-03accounts declared unreliable SEC →
2023-03-31auditor changed or resigned SEC →
reportingrisk.com scores every active US filer on three things a company tells the SEC about itself: late-filing notices on Form NT, 8-K item 4.02 (past accounts declared unreliable) and 4.01 (auditor changes). 1,012 are flagged today.
Every score is frozen and checked twelve months later. Across 91,452 of them, a company scoring 4 or more ended that year delisted, bankrupt, restated or silent 17.2% of the time, against 4.0% for a clean record. Scores before 2026-09-27 were reconstructed from the filing history as it stood at each date, so the record is a backtest rather than years of live calls.
See the ledger → Every company the score flagged that later failed, what it told the SEC on the way down, and the ones it missed.Every item above is a filing this company
made with the SEC.
Snapshot 2026-11-04 · data from SEC EDGAR (public domain) · not
investment advice