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Held by 424 of 5,944 reporting institutions (96th percentile) — extremely crowded.
Data as of Q1 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $124.46 today, the market must believe free cash flow compounds 28.6%/yr for a decade (off $134M normalized FCF).
The market's 28.6% is more conservative than its 4-yr track record.
2-stage DCF · 0.09B shares · net debt $716M
mean 59.9% · volatility σ 67% · implied rate exceeded in 3/4 yrs
Central path = implied 28.6%/yr growth; shaded band = ±1σ (67%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
EOD close · as of 2026-08-05 · 16d old
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $901.4M 100.0% | $780.6M 100.0% | $692.9M 100.0% | $576.3M 100.0% | $428.6M 100.0% | $318.4M 100.0% | $254.8M 100.0% |
| Cost of Revenue | $361.8M 40.1% | $314.7M 40.3% | $295.4M 42.6% | $211.9M 36.8% | $170.6M 39.8% | $145.5M 45.7% | $122.3M 48.0% |
| Gross Profit | $539.6M 59.9% | $465.9M 59.7% | $397.5M 57.4% | $364.4M 63.2% | $258.0M 60.2% | $172.8M 54.3% | $132.6M 52.0% |
| Research & Development | $161.6M 17.9% | $142.5M 18.3% | $136.9M 19.8% | $143.9M 25.0% | $115.7M 27.0% | $75.0M 23.5% | $60.0M 23.5% |
| Selling, General & Admin | $138.5M 15.4% | $160.9M 20.6% | $162.7M 23.5% | $165.2M 28.7% | $102.6M 23.9% | $80.2M 25.2% | $71.2M 27.9% |
| Total Operating Expenses | $382.6M 42.4% | $374.9M 48.0% | $385.6M 55.7% | $390.1M 67.7% | $269.2M 62.8% | $188.6M 59.2% | $162.5M 63.8% |
| Operating Income | $157.0M 17.4% | $91.0M 11.7% | $11.9M 1.7% | -$25.7M -4.5% | -$11.2M -2.6% | -$15.8M -5.0% | -$29.9M -11.7% |
| Interest Expense | $17.9M 2.0% | $9.1M 1.2% | $8.9M 1.3% | $8.4M 1.5% | $3.7M 0.9% | $13.6M 4.3% | $9.4M 3.7% |
| Interest & Investment Income | $11.3M 1.3% | $19.9M 2.5% | $23.8M 3.4% | $11.9M 2.1% | $123K 0.0% | $12K 0.0% | — |
| Other Income (Expense), net | $49.7M 5.5% | $6.7M 0.9% | $14.9M 2.1% | $1.8M 0.3% | -$7.0M -1.6% | -$26.9M -8.4% | -$9.7M -3.8% |
| Pretax Income | $206.7M 22.9% | $97.7M 12.5% | $26.8M 3.9% | -$23.9M -4.1% | -$18.2M -4.2% | -$42.7M -13.4% | -$39.6M -15.5% |
| Income Tax Expense | -$52.6M -5.8% | $13.2M 1.7% | $7.4M 1.1% | $3.9M 0.7% | $1.3M 0.3% | $911K 0.3% | $793K 0.3% |
| Net Income | $259.3M 28.8% | $84.5M 10.8% | $19.4M 2.8% | -$27.8M -4.8% | -$19.5M -4.6% | -$43.6M -13.7% | -$40.4M -15.9% |
| Per Share | |||||||
| EPS (Basic) | $2.83 | $0.92 | $0.22 | $-0.28 | $-0.21 | $-1.05 | $-1.06 |
| EPS (Diluted) | $2.52 | $0.89 | $0.20 | $-0.28 | $-0.21 | $-1.05 | $-1.06 |
| Weighted Avg Shares (Basic) | 91.5M | 91.6M | 90.1M | 100.8M | 93.2M | 41.7M | 38.0M |
| Weighted Avg Shares (Diluted) | 105.3M | 94.5M | 96.4M | 100.8M | 93.2M | 41.7M | 38.0M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Eight indices comparing this year to last (receivables, margins, asset quality, growth, accruals, leverage). Above −1.78 suggests possible manipulation; below −2.22 is clean.
A screen, not proof — high growth alone can raise it.
Cash conversion lags reported earnings — watch accruals. Lower/negative accruals = higher quality (Sloan).
Comfortably covers interest; leverage falling year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $82M buybacks = $82M returned on $181M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 7 years — and what it earned on reinvestment.
A balanced mix of reinvestment and shareholder returns.
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: 28%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 7 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
EOD close · as of 2026-08-05
Where each multiple sits in its own 5-yr range · 69th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 5-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Returns are margin-driven, not leverage-driven — higher quality.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 4.7× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Cost of Revenue | 48.0 | 45.7 | 39.8 | 36.8 | 42.6 | 40.3 | 40.1 |
| Gross Profit | 52.0 | 54.3 | 60.2 | 63.2 | 57.4 | 59.7 | 59.9 |
| R&D | 23.5 | 23.5 | 27.0 | 25.0 | 19.8 | 18.3 | 17.9 |
| SG&A | 27.9 | 25.2 | 23.9 | 28.7 | 23.5 | 20.6 | 15.4 |
| Operating Income | -11.7 | -5.0 | -2.6 | -4.5 | 1.7 | 11.7 | 17.4 |
| Income Tax | 0.3 | 0.3 | 0.3 | 0.7 | 1.1 | 1.7 | -5.8 |
| Net Income | -15.9 | -13.7 | -4.6 | -4.8 | 2.8 | 10.8 | 28.8 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on DOCN: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $254M is below the $327M due within a year — relies on refinancing or operating cash flow. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~1.8% on $971M of debt.
Cash of $254M is below short-term debt of $325M — relies on refinancing/operations.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
Ranked against 768 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NVDA | $5.33T | 44.7× | 40.0× | 24.7× | 65.5% | 71.1% | 55.6% | 76.3% | 72.4% | 0.1× | 5,582 |
| AAPL | $4.59T | 41.7× | 32.0× | 11.0× | 6.4% | 46.9% | 26.9% | 152% | 73.7% | 0.5× | 5,858 |
| MSFT | $3.62T | 27.2× | 19.1× | 10.9× | 17.8% | 67.9% | 40.3% | 30.2% | 28.2% | 0.2× | 5,944 |
| AVGO | $1.98T | 87.7× | 78.0× | 31.0× | 23.9% | 67.8% | 36.2% | 28.4% | 15.8% | 2.5× | 4,442 |
| MU | $1.00T | 117.7× | 55.4× | 26.8× | 48.9% | 39.8% | 22.8% | 15.8% | 12.9% | 0.7× | 2,894 |
| AMD | $785.7B | 181.9× | 185.9× | 22.7× | 34.3% | 49.5% | 12.5% | 6.9% | 6.5% | 0.8× | 3,059 |
| ASMLF | $649.1B | 68.2× | 51.8× | 19.9× | 15.6% | 52.8% | 29.4% | 49.0% | 43.1% | 0.2× | 2 |
| INTC | $504.7B | — | 62.9× | 9.6× | -0.5% | 34.8% | -0.5% | -0.2% | -0.2% | 5.5× | 2,495 |
| CSCO | $481.1B | 47.6× | 40.2× | 8.5× | 5.3% | 64.9% | 18.0% | 21.7% | 13.6% | 2.3× | 3,560 |
| AMAT | $423.7B | 61.7× | 48.7× | 14.9× | 4.4% | 48.7% | 24.7% | 34.3% | 25.9% | 0.8× | 2,826 |
| LRCX | $390.0B | 74.1× | 62.2× | 21.2× | 23.7% | 48.7% | 29.1% | 54.3% | 39.5% | 0.6× | 2,500 |
| PLTR | $378.8B | 251.5× | 262.1× | 84.7× | 56.2% | 82.4% | 36.3% | 22.0% | 22.0% | — | 2,883 |
| RPAY | $342.2B | — | — | 1106.6× | -1.2% | 75.0% | -83.0% | -53.0% | -33.6% | -1.1× | 142 |
| DELL | $301.7B | 53.3× | 28.8× | 2.7× | 18.8% | 20.0% | 5.2% | -240% | 20.4% | 2.8× | 1,564 |
| ARM | $292.2B | 323.0× | 251.9× | 59.4× | 22.8% | 97.5% | 18.4% | 10.9% | 10.9% | — | 730 |
| TXN | $252.4B | 51.0× | 33.1× | 14.3× | 13.0% | 57.0% | 28.3% | 30.7% | 16.8% | 1.7× | 2,345 |
| ANET | $247.8B | 71.7× | 62.6× | 27.5× | 28.6% | 64.1% | 0.0% | 0.0% | 0.0% | — | 1,930 |
| UMC | $242.3B | — | — | — | — | — | — | — | — | — | 302 |
| PANW | $242.3B | 226.7× | 151.3× | 26.3× | 14.9% | 73.4% | 12.3% | 14.5% | 14.5% | — | 2,374 |
| SAPGF | $241.4B | — | — | — | — | — | — | — | — | — | 7 |
| IBM | $221.0B | 21.1× | — | 3.3× | 7.6% | 58.2% | 15.7% | 32.4% | 11.3% | — | 3,351 |
| APH | $211.2B | 51.5× | 29.5× | 9.1× | 51.7% | 36.9% | 18.5% | 31.8% | 31.8% | — | 2,017 |
| SNDK | $197.2B | — | — | 26.8× | 10.4% | 30.1% | -22.3% | -17.8% | -14.9% | -1.5× | 1,127 |
| SHOP | $187.4B | 153.4× | 124.0× | 16.2× | 30.1% | 48.1% | 10.7% | 9.1% | 9.1% | — | 1,642 |
| ADI | $184.9B | 82.8× | 57.2× | 16.8× | 16.9% | 61.5% | 20.6% | 6.7% | 5.3% | 2.6× | 2,030 |
| DOCN | $11.4B | 49.4× | 41.3× | 12.7× | 15.5% | 59.9% | 28.8% | -904% | 27.5% | 3.3× | 424 |
Peers = companies sharing DOCN's sector (Technology) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.