The Company enters into finance leases and equipment financing obligations for servers and related equipment. The components of finance lease and equipment financing obligations expense were as follows:


	Three Months Ended				Nine Months Ended
	September 30,				September 30,

	2026		2025		2026		2025
Finance leases:
Amortization of finance lease right-of-use assets	$	28,643	$	1,280	$	40,582	$	3,892
Interest expense on finance lease liabilities	12,176		41		16,973		165
Equipment financing obligations:
Depreciation of assets under equipment financing obligations	7,755		1,323		20,119		1,323
Interest expense on equipment financing obligations	3,024		164		7,347		164
Total finance lease and equipment financing obligations expense	$	51,598	$	2,808	$	85,021	$	5,544

Weighted-average remaining term and discount rate of finance lease liabilities and equipment financing obligations were as follows:



	September 30, 2026	December 31, 2025
Finance Leases
Weighted-average remaining term (in years)	5.7	0.9
Weighted-average discount rate	7%	7%

Equipment Financing Obligations
Weighted-average remaining term (in years)	3.9	3.9
Weighted-average discount rate	7%	7%



	Finance Leases		Equipment Financing Obligations		Total
2026	$	56,696	$	13,732	$	70,428
2027	192,716		57,309		250,025
2028	191,904		57,198		249,102
2029	191,855		53,364		245,219
2030	145,125		19,613		164,738
2031	67,769		11,895		79,664

Total undiscounted finance lease liabilities and equipment financing obligations	$	846,065	$	213,111	$	1,059,176
Less: Imputed interest	(109,886)		(25,691)		(135,577)
Total present value of finance lease liabilities and equipment financing obligations	$	736,179	$	187,420	$	923,599
Less: Finance lease liabilities and equipment financing obligations, current	(159,047)		(45,731)		(204,778)
Finance lease liabilities and equipment financing obligations, long-term	$	577,132	$	141,689	$	718,821

In October 2026, the Company entered into agreements to receive servers and related equipment under (i) finance leases with total estimated undiscounted payments of $19,992, commencing between November 2026 and November 2027, with a weighted-average lease term of 5.0 years, and (ii) equipment financing arrangements with total estimated undiscounted payments of $33,018 commencing in November 2026 with a weighted-average lease term of 5.0 years.

On September 10, 2026, the Company and its wholly owned subsidiary, DigitalOcean, LLC (the “Lessee”), entered into an agreement with MUFG Americas Capital Leasing & Finance, LLC, as lessor (the “Lessor”), MUFG Bank, Ltd., as administrative agent and collateral agent, and the other parties thereto providing for up to $725,000 of committed financing to fund purchases of data center equipment, including an accordion feature permitting the Company to increase the committed financing by up to an additional $300,000 to $1,025,000 in the aggregate (the “Equipment Lease Facility”). The Company may request advances through September 10, 2027, funding up to 90% of the cost of equipment with the Lessee funding the remaining balance as prepaid rent, and the Lessor will acquire equipment with such funds and lease it to the Lessee. The Equipment Lease Facility matures on September 10, 2030. Each advance drawn under the Equipment Lease Facility will be accounted for as a separate finance lease.

Rent under each equipment lease is payable monthly in arrears and amortizes the applicable advance in full by September 10, 2030. Each equipment lease bears interest at a fixed rate, determined at the time of the applicable drawdown, equal to a term SOFR swap rate plus 2.75% per annum. Undrawn commitments under the Equipment Lease Facility are subject to a commitment fee of 0.20% per annum, increasing to 0.40% per annum six months after closing. The Lessee may prepay and purchase the equipment in whole or in part, subject to a prepayment premium of 5% in the first year and 3% in the second year following the applicable advance. Title to the equipment will transfer to the Lessee for nominal consideration upon payment in full of the amounts under the applicable equipment lease.

The Equipment Lease Facility is guaranteed by the Company and certain of its subsidiaries, is secured by the related equipment and collateral, and contains financial covenants and events of default substantially consistent with those under the 2025 Credit Facility.

In connection with the Equipment Lease Facility, the Company paid customary arrangement, upfront and agency fees of $7,274, which are recognized as deferred financing fees in other assets within the condensed consolidated balance sheets, and are deferred until drawdown and will be amortized through the Equipment Lease Facility maturity on September 10, 2030. As of September 30, 2026, the Company had not drawn advances under the Equipment Lease Facility. The Company’s total available borrowing capacity under the Equipment Lease Facility was $725,000 as of September 30, 2026.