Datadog
DDOG · NasdaqServices-Prepackaged Software · Fiscal year ends Dec 31
Datadog reported revenue of $3.4B in the fiscal year ended Dec 2025, up 27.7% from the year before. Operating income was −$44M, an operating margin of −1.3%, and net income was $108M. Operating cash flow of $1.1B less capital expenditure of $50M left free cash flow of $1B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $1B | $1.7B | $2.1B | $2.7B | $3.4B |
| Cost of revenue | $234M | $347M | $410M | $516M | $687M |
| Gross profit | $795M | $1.3B | $1.7B | $2.2B | $2.7B |
| Research & development | $420M | $752M | $962M | $1.2B | $1.5B |
| Operating income | −$19M | −$59M | −$33M | $54M | −$44M |
| Interest expense | $21M | $17M | $6M | $7M | $11M |
| Pre-tax income | −$18M | −$38M | $60M | $204M | $127M |
| Income tax | $2M | $12M | $12M | $20M | $19M |
| Net income | −$21M | −$50M | $49M | $184M | $108M |
| Diluted EPS | −0.07 | −0.16 | 0.14 | 0.52 | 0.31 |
| Diluted shares | 309M | 315M | 350M | 359M | 363M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $271M | $339M | $330M | $1.2B | $401M |
| Receivables | $269M | $400M | $509M | $599M | $741M |
| Current assets | $1.9B | $2.3B | $3.2B | $4.9B | $5.4B |
| Net PP&E | $75M | $125M | $172M | $227M | $338M |
| Goodwill | $292M | $348M | $353M | $360M | $531M |
| Total assets | $2.4B | $3B | $3.9B | $5.8B | $6.6B |
| Payables | $25M | $23M | $88M | $108M | $149M |
| Deferred revenue | $372M | $543M | $766M | $962M | $1.2B |
| Current liabilities | $529M | $760M | $1B | $1.9B | $1.6B |
| Total liabilities | $1.3B | $1.6B | $1.9B | $3.1B | $2.9B |
| Shareholders' equity | $1B | $1.4B | $2B | $2.7B | $3.7B |
| Backlog (remaining obligations) | $815M | $1.1B | $1.8B | $2.3B | $3.5B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $287M | $418M | $660M | $871M | $1.1B |
| Capital expenditure | $10M | $35M | $28M | $35M | $50M |
| Free cash flow | $277M | $383M | $632M | $836M | $1B |
| Depreciation & amortisation | $19M | $27M | $36M | $49M | $49M |
| Stock-based compensation | $164M | $363M | $482M | $570M | $751M |
| Acquisitions | $227M | $46M | $12M | $7M | $118M |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 62.8% | 27.1% | 26.1% | 27.7% |
| Operating income growth (YoY) | – | – | – | – | −181.7% |
| EPS growth (YoY) | – | – | – | 271.4% | −40.4% |
| Gross margin | 77.2% | 79.3% | 80.7% | 80.8% | 80.0% |
| Operating margin | −1.9% | −3.5% | −1.6% | 2.0% | −1.3% |
| Net margin | −2.0% | −3.0% | 2.3% | 6.8% | 3.1% |
| Return on equityBlank when equity is negative | −2.0% | −3.6% | 2.4% | 6.8% | 2.9% |
| ROCEEBIT ÷ (assets − current liabilities) | −1.0% | −2.6% | −1.1% | 1.4% | −0.9% |
| Free cash flow margin | 26.9% | 22.9% | 29.7% | 31.1% | 29.2% |
| Cash conversion (CFO ÷ net income) | −13.8x | −8.34x | 13.6x | 4.74x | 9.75x |
| Receivable days | 95 | 87 | 87 | 81 | 79 |
| Payable days | 39 | 25 | 78 | 76 | 79 |
| Interest cover | −0.91x | −3.55x | −5.31x | 7.68x | −4.01x |
| Current ratio | 3.54x | 3.09x | 3.17x | 2.64x | 3.38x |
Recent filings
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Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.