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Datadog, Inc. (DDOG) stock

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NASDAQ: DDOG Nasdaq Application Software Next results ~November 4, 2026

C+ Fundamentals grade

Datadog operates a cloud-based software platform used to monitor IT environments. Its products run across customers' operating systems, applications, databases, servers, storage, middleware and networking setups, and are delivered as software-as-a-service rather than traditional on-premise software. The platform is hosted on third-party cloud infrastructure, and the company gives customers service-level commitments on uptime.

Revenue comes chiefly from subscriptions, with terms that are mostly monthly or annual alongside some quarterly, semiannual and multi-year arrangements; much of it is recognised steadily over each contract, while some monthly charges vary with usage. Datadog sells through its own inside and field sales teams and through cloud-provider marketplaces, and offers free trials and a free tier to encourage developers to adopt its products.

The company targets enterprise customers and groups parts of its base into cohorts, including a cloud-native cohort and a more recent AI-native cohort, the latter of which contains its largest customer. It sells internationally and expands further abroad. Datadog was founded by two people who still serve as its chief executive and chief technology officer, and it runs a shared-responsibility security model under which customers configure many of their own protections.

Based on Datadog, Inc.'s 10-K filed February 18, 2026.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$100

Cash-flow model

Base case. Range ~$81–$130 across our lower- and higher-growth cases (15%–25% a year).

Price vs value

Overvalued

The price is above our entire value range; our base value is 52% below it.

Price used: $216.10, November 2, 2026

Datadog, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Datadog files

Where Datadog stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $3.97bn, up 31.5% on a year earlier, faster than 29.5% a quarter earlier. That growth ranks 6 of 27 among the application software companies we cover. Free-cash-flow margin held at 29.8%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 2 of our 3 financial-health checks. Our cash-flow model value is $44.21 a share, against a share price of $256.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Datadog, Inc.'s trailing-twelve-month revenue grew 31.5% year on year, with a free-cash-flow margin of 29.8%. Where it stands out: revenue growth of 31.5% ranks 25 of 184 application software companies we cover. Where it lags: stock pay as % of revenue of 20.7% ranks 150 of 177 application software companies we cover.

Our discounted-cash-flow model values the business at ~$100 per share in the base case (~$81–$130 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth accelerating: TTM revenue growth rose to 31.5% (+2.0pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 31.5% over the last 12 months, against a median of 12.0% for application software companies we cover.
  • Strong cash generation. 29.8% of revenue turned into free cash flow, against a median of 15.2% for application software companies we cover.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Results due soon. Results are expected around 5 November; the share price can move sharply on the day.
  • Priced above our value. The share price of $216.10 is 52% above our value per share of $100.
  • Heavy stock-based pay. Stock pay equals 20.7% of revenue, against a median of 9.3% for application software companies we cover: a real cost that cash-flow figures leave out.
  • High earnings multiple. The shares trade at 446 times the last 12 months' earnings, so expectations are demanding.
  • Volatile shares. Over the past year the shares showed annualised volatility of 72% and a beta of 1.4 against the S&P 500.
  • Insiders selling. 15 insiders sold $916M of stock over the past 365 days and none bought (74% under pre-set trading plans).

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
$0.65 against an average estimate of $0.58: beat by 11.5%
Revenue
$1.12bn, up 35.6% on a year earlier
Share reaction
-17.4% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Guidance given
revenue $1.14bn to $1.15bn (Third Quarter 2026); non-GAAP operating income $260m to $270m (Third Quarter 2026)
Next report
November 4, 2026; average EPS estimate $0.64

Datadog's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-8.1%
  • 1 week-22.9%
  • 1 month-22.0%
  • This year+58.9%
  • 1 year+32.7%
  • 5 years+32.7%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$4B
Operating margin
0.4%
Net margin
4.5%
EPS (TTM, diluted)
$0.48

Growth

Revenue growth
+31.5%
Change in growth rate
+2.0 pts
Share count change
+1.7%

Cash

Free cash flow (TTM)
$1.2B
FCF margin
29.8%
Stock pay % of revenue
20.7%

Earnings

Last results
August 6, 2026
Next results (est.)
November 5, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Insider trade
  2. Our research

    Datadog vs Dynatrace: what the filings show

    Datadog's revenue grew 31.5% on a trailing-twelve-month basis and is accelerating; Dynatrace's grew 17.9%, the slowest in its filed history. Yet Dynatrace runs a 12.1% operating margin to Datadog's 0.4%. A dimension-by-dimension read of two observability vendors' SEC filings.

    FundamentalyticsRead our research ↗
  3. Insider trade
  4. Results
  5. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Datadog, Inc. valuation models and calculator

What the price is pricing in

The share price implies about 51.4% a year of cash-flow growth for five years.That is faster than the 31.0% a year revenue growth Datadog has delivered.

  • Priced in51.4%
  • Last 12 months31.5%
  • 3 years a year27.9%
  • 5 years a year31.0%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($221.42, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$100
Price used
$221.42close November 3, 2026
Implied change
▼ 53%
Uncertainty
Low

How we got here: a discounted-cash-flow model of Datadog, Inc.'s free cash flow after stock-based pay with after-tax interest added back ($361M, FY2026 Q2 TTM), growing 24.3% and 21% in the next two years (forecasts, guidance and its record), then back to 20% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$81–~$130 ; that spread sets a 15% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Datadog, Inc.'s free cash flow after stock-based pay ( $361M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Datadog, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 10.2%: the 10-year Treasury yield (4.9%) plus a beta of 1.16 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$100 ~$81–$130 Primary model, counts double
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$24 ~$19–$27 Left out: out of range vs price (0.11x)
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$41 ~$34–$69 Left out: out of range vs price (0.19x)
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$3.4 ~$2.1–$5.5 Left out: out of range vs price (0.02x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity below long-run growth
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$100 ~$81–$130 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Datadog, Inc. with Application Software in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −22%
  • Revenue growth 5 points higher ▲ +28%
  • Free-cash-flow margin 1 point lower ▼ −3%
  • Last year's free-cash-flow margin change, if it persists ▼ −3%
  • Discount rate 1 point higher ▼ −15%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $25$30$37$45$57$72
8.5% $22$25$30$36$44$55
10% $20$22$26$31$37$45

Valuation multiples over time Market data may be delayed

At fiscal year end 2019202020212022202320242025Now
Share price$37.78$98.44$178.11$73.50$121.38$142.89$135.99$216.10
Market value$5.3bn$29.6bn$55.0bn$23.2bn$42.5bn$51.2bn$49.4bn$79.3bn
+ Net debt (− = net cash)−$597m$351m$465m$400m$412m$366m$582m$551m
Enterprise value$4.7bn$29.9bn$55.5bn$23.6bn$42.9bn$51.6bn$50.0bn$79.9bn
Multiples
Price / sales 14.6x49.0x53.5x13.8x20.0x19.1x14.4x20.0x
Price / earnings ————n/mn/mn/mn/m
Price / free cash flow n/mn/m199.0x60.5x67.2x61.3x49.4x67.1x
EV / EBITDA —n/m——n/mn/mn/mn/m

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

55 /100

Moderate moat

How hard Datadog's competitive advantage looks for rivals to wear away, judged from 8 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 25.6% of total assets over 7 years.

  • Pricing power 20 / 20

    Gross margin has been a median 79.2%, moving by 2.0 percentage points (standard deviation) across 8 years.

  • Durability 10 / 20

    Operating margin has been a median -0.5%; its worst year was -9.4%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 7 of 7 years, at a median 28.0% of revenue.

  • Discipline 0 / 20

    The diluted share count rose 26.9% over five years; stock-based pay has been a median 19.5% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (70 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, before the open. Analysts expect revenue of $1.1bn and EPS of $0.64 (range $0.60 to $0.68) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $2.53 +23% $4.5bn +31%
Next $2.98 +18% $5.5bn +23%

Next year's EPS estimate has moved +3.5% in 90 days, across 47 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +4.3% on 90 days ago. In the last 30 days, 0 analysts raised Datadog, Inc.'s forecast and 0 cut it.

Consensus EPS forecast Datadog, Inc., last 90 days
$2.40 $2.60 $2.80 $3.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $2.42 Current fiscal year, 60 days ago: $2.53 Current fiscal year, 30 days ago: $2.53 Current fiscal year, 7 days ago: $2.53 Current fiscal year, Now: $2.53 $2.53 Next fiscal year, 90 days ago: $2.88 Next fiscal year, 60 days ago: $2.97 Next fiscal year, 30 days ago: $2.97 Next fiscal year, 7 days ago: $2.99 Next fiscal year, Now: $2.98 $2.98

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $2.42$2.88
60 days ago $2.53$2.97
30 days ago $2.53$2.97
7 days ago $2.53$2.99
Now $2.53$2.98

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.58 $0.65 +11.5%
Mar 2026 $0.51 $0.60 +18.2%
Dec 2025 $0.55 $0.59 +6.3%
Sept 2025 $0.46 $0.55 +20.3%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 6, 2026
  • Revenue Full Year 2026 $4.45bn to $4.47bn
    “Revenue between $4.45 billion and $4.47 billion.” source
  • Revenue Third Quarter 2026 $1.135bn to $1.145bn
    “Revenue between $1.135 billion and $1.145 billion.” source
  • Non-GAAP net income per share Full Year 2026 $2.50 to $2.54 Non-GAAP
    “Non-GAAP net income per share between $2.50 and $2.54, assuming approximately 376 million weighted average diluted shares outstanding.” source
  • Non-GAAP net income per share Third Quarter 2026 $0.63 to $0.65 Non-GAAP
    “Non-GAAP net income per share between $0.63 and $0.65, assuming approximately 378 million weighted average diluted shares outstanding.” source
  • Non-GAAP operating income Full Year 2026 $1.01bn to $1.03bn Non-GAAP
    “Non-GAAP operating income between $1.01 billion and $1.03 billion.” source
  • Non-GAAP operating income Third Quarter 2026 $260m to $270m Non-GAAP
    “Non-GAAP operating income between $260 million and $270 million.” source

How earlier guidance turned out

  • Revenue, Second Quarter 2026 guided $1.07bn to $1.08bn Above range: $1.121454bn

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Datadog, Inc.'s revenue by +24.3% next year and +21.0% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+25.7%, weight 58%) , management guidance (+25.3%, weight 18%) and the company's own record (+20.0%, weight 24%) . How the weights are set.

Analyst recommendations

47 analysts, Oct 2026
Buy4391%
Hold24%
Sell24%

Monthly trend

  1. Oct 2026103347
  2. Sep 2026103247
  3. Aug 2026103247
  4. Jul 2026103247

Counts of recommendations published by analysts covering Datadog, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
3.4%
of tradable shares
Days to cover
3.3
at average volume
Short interest, 1 month
−3%
to October 15, 2026
Held by institutions
93%
of shares
Held by insiders
0.6%
of shares
Employees
8,100
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +32.7%

$162.81 on October 31, 2025 to $216.10

ThenNowEffect
Revenue (last 12 months) $3.0bn $4.0bn +31.5%
Net margin 4.1% 4.5% +8.4%
P/E multiple n/m n/m −5.3%
Share count 361m 367m −1.6%

Biggest factor: revenue.

Last 3 years +163.4%

$82.04 on November 3, 2023 to $216.10

ThenNowEffect
Revenue (last 12 months) $1.9bn $4.0bn +109.1%
P/S multiple 13.4x 20.0x +48.8%
Share count 311m 367m −15.3%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
DDOG+81%−59%+65%+18%−5%+59%
Industry peers (median)−8%−50%+19%+2%−21%−14%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
DDOG75%25%58%50%50%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
DDOG−39%−62%−32%−23%−43%−28%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since September 19, 2019: 68% from November 9, 2021 to April 25, 2023. Getting back needed a 214% gain, reached on November 10, 2025, 930 days after the low.

Price behaviour

52-week range
$102.61 – $293.26
From 52-week high
−26.3%
vs 50-day average
−13.9%
vs 200-day average
+8.7%
Volatility (1 year)
72%
Beta vs S&P 500
1.38

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±12.4%
After a week
7 up, 5 down
typical move ±15.0%
After a month
5 up, 7 down
typical move ±19.7%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 −17.4% +0.5% −10.9% −24.8%
May 7, 2026 +39.3% +0.5% +41.1% +61.2%
February 10, 2026 +11.7% −0.3% +6.8% +11.5%
November 6, 2025 +23.4% −1.0% +20.0% −0.5%
August 7, 2025 −4.4% +0.7% −9.1% −0.4%
May 6, 2025 +0.3% −0.4% +11.0% +15.2%
February 13, 2025 −11.5% +1.1% −19.2% −29.8%
November 7, 2024 −3.0% +1.2% +2.4% +25.6%
August 8, 2024 +3.9% +2.8% +7.7% −0.3%
May 7, 2024 −7.6% +0.1% −8.0% −13.7%
February 13, 2024 +1.0% −0.5% −6.7% −9.0%
November 7, 2023 +25.7% +0.4% +37.0% +44.6%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Datadog, Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Includes results

A results date falls inside these options’ life. Implied volatility is meant to be higher for that, so we do not call it rich.

  • Implied is 1.27× the last 60 days’ realised volatility .
  • Why: an earnings date falls inside the option's life, so implied volatility is expected to be high.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

DDOG Datadog, Inc. Grade C+ $219.19

Own 100 shares, sell the $280 call expiring December 18, 2026 (46 days) for $5.90 a share — $590 per contract.

Previous session · Bid $5.90, ask $7.05, quoted Mon 2 Nov, 17:20 New York time with DDOG at $219.19. Option prices move with the shares: check the live chain at your broker before trading.

  • If DDOG ends below $280: you keep your shares and the $590 — 2.7% extra on the position, 21.4% a year at that pace.
  • If it ends above $280: your shares are sold at $280, a total return of 30.4% including the premium — at or above our value of ~$100.
$6.7k $0 −$4.3k Break-even $213.29 Price $219.19 ← Our value ~$100
Profit or loss per contract at expiry, by share price (including the shares bought at today's price).
Premium
$590
Annualised
21.4%
Break-even
$213.29
Max gain
$6,671
Chance of selling
~23%

Results are expected around November 5, 2026, before this option expires: the share price can jump on results, and the premium partly reflects that.

Collar

Own the shares, buy the $190 put and sell the $280 call, both expiring December 18, 2026 (46 days).

  • Net cost of $7.15 a share ($715 per contract of 100 shares).
  • Worst case at expiry: -16.6%, if the shares fall below $190 (-13.3% from today).
  • Best case at expiry: +24.5%, if the shares rise above $280 (+27.7%); gains beyond that go to the call buyer.

Offered because the shares trade at or above our fair value of $100: a way to hold on with a floor under the price, paid for by giving up upside the model does not expect. Strikes near 25-delta; the put at its ask and the call at its bid. Protection has a cost over time: research on protective puts finds they have usually lowered returns.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Datadog, Inc. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Datadog, Inc.
$2B $2.5B $3B $3.5B $4B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $2B Revenue (TTM), FY23 Q4: $2.1B Revenue (TTM), FY24 Q1: $2.3B Revenue (TTM), FY24 Q2: $2.4B Revenue (TTM), FY24 Q3: $2.5B Revenue (TTM), FY24 Q4: $2.7B Revenue (TTM), FY25 Q1: $2.8B Revenue (TTM), FY25 Q2: $3B Revenue (TTM), FY25 Q3: $3.2B Revenue (TTM), FY25 Q4: $3.4B Revenue (TTM), FY26 Q1: $3.7B Revenue (TTM), FY26 Q2: $4B $4B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $2B
FY23 Q4 $2.1B
FY24 Q1 $2.3B
FY24 Q2 $2.4B
FY24 Q3 $2.5B
FY24 Q4 $2.7B
FY25 Q1 $2.8B
FY25 Q2 $3B
FY25 Q3 $3.2B
FY25 Q4 $3.4B
FY26 Q1 $3.7B
FY26 Q2 $4B
Revenue growth, TTM YoY Datadog, Inc.
24% 26% 28% 30% 32% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 31.1% Revenue growth, TTM YoY, FY23 Q4: 27.1% Revenue growth, TTM YoY, FY24 Q1: 25.9% Revenue growth, TTM YoY, FY24 Q2: 26.2% Revenue growth, TTM YoY, FY24 Q3: 26.3% Revenue growth, TTM YoY, FY24 Q4: 26.1% Revenue growth, TTM YoY, FY25 Q1: 25.5% Revenue growth, TTM YoY, FY25 Q2: 26.0% Revenue growth, TTM YoY, FY25 Q3: 26.6% Revenue growth, TTM YoY, FY25 Q4: 27.7% Revenue growth, TTM YoY, FY26 Q1: 29.5% Revenue growth, TTM YoY, FY26 Q2: 31.5% 31.5%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 31.1%
FY23 Q4 27.1%
FY24 Q1 25.9%
FY24 Q2 26.2%
FY24 Q3 26.3%
FY24 Q4 26.1%
FY25 Q1 25.5%
FY25 Q2 26.0%
FY25 Q3 26.6%
FY25 Q4 27.7%
FY26 Q1 29.5%
FY26 Q2 31.5%
Operating margin (TTM) Datadog, Inc.
-6% -4% -2% 0% 2% 4% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -4.8% Operating margin (TTM), FY23 Q4: -1.6% Operating margin (TTM), FY24 Q1: 0.6% Operating margin (TTM), FY24 Q2: 2.0% Operating margin (TTM), FY24 Q3: 2.9% Operating margin (TTM), FY24 Q4: 2.0% Operating margin (TTM), FY25 Q1: 1.1% Operating margin (TTM), FY25 Q2: -0.6% Operating margin (TTM), FY25 Q3: -1.4% Operating margin (TTM), FY25 Q4: -1.3% Operating margin (TTM), FY26 Q1: -0.7% Operating margin (TTM), FY26 Q2: 0.4% 0.4%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -4.8%
FY23 Q4 -1.6%
FY24 Q1 0.6%
FY24 Q2 2.0%
FY24 Q3 2.9%
FY24 Q4 2.0%
FY25 Q1 1.1%
FY25 Q2 -0.6%
FY25 Q3 -1.4%
FY25 Q4 -1.3%
FY26 Q1 -0.7%
FY26 Q2 0.4%
FCF margin (TTM) Datadog, Inc.
26% 28% 30% 32% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 26.2% FCF margin (TTM), FY23 Q4: 29.7% FCF margin (TTM), FY24 Q1: 31.2% FCF margin (TTM), FY24 Q2: 29.9% FCF margin (TTM), FY24 Q3: 31.1% FCF margin (TTM), FY24 Q4: 31.1% FCF margin (TTM), FY25 Q1: 31.8% FCF margin (TTM), FY25 Q2: 30.7% FCF margin (TTM), FY25 Q3: 29.3% FCF margin (TTM), FY25 Q4: 29.2% FCF margin (TTM), FY26 Q1: 28.9% FCF margin (TTM), FY26 Q2: 29.8% 29.8%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 26.2%
FY23 Q4 29.7%
FY24 Q1 31.2%
FY24 Q2 29.9%
FY24 Q3 31.1%
FY24 Q4 31.1%
FY25 Q1 31.8%
FY25 Q2 30.7%
FY25 Q3 29.3%
FY25 Q4 29.2%
FY26 Q1 28.9%
FY26 Q2 29.8%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 101 198 363 603 1,029 1,675 2,128 2,684 3,427 3,967
Gross profit 77 152 274 473 795 1,328 1,718 2,169 2,740 3,154
EBITDA −1 −6 −9 1 −1 −32 2 103 5 78
Operating income −3 −11 −20 −14 −19 −59 −33 54 −44 16
Net income −3 −11 −17 −25 −21 −50 49 184 108 178
Diluted EPS −$0.02 −$0.07 −$0.12 −$0.08 −$0.07 −$0.16 $0.14 $0.52 $0.31 $0.48
Growth (year on year)
Revenue — +96.6% +83.2% +66.3% +70.5% +62.8% +27.1% +26.1% +27.7% +31.5%
EBITDA — — — — — — — — −95.3% —
Operating income — — — — — — — — −181.7% —
Net income — — — — — — — +278.3% −41.4% +42.5%
Diluted EPS — — — — — — — +271.4% −40.4% +40.2%
Margins
Gross margin 76.8% 76.5% 75.5% 78.4% 77.2% 79.3% 80.7% 80.8% 80.0% 79.5%
EBITDA margin −0.8% −2.8% −2.4% 0.1% −0.1% −1.9% 0.1% 3.8% 0.1% 2.0%
Operating margin −2.9% −5.6% −5.6% −2.3% −1.9% −3.5% −1.6% 2.0% −1.3% 0.4%
Net margin −2.6% −5.4% −4.6% −4.1% −2.0% −3.0% 2.3% 6.8% 3.1% 4.5%
Free-cash-flow margin 11.4% 0.6% 3.0% 17.2% 26.9% 22.9% 29.7% 31.1% 29.2% 29.8%
Cash flow
Cash from operations 14 11 24 109 287 418 660 871 1,050 1,229
Capital spending 2 10 13 5 10 35 28 35 50 47
Free cash flow 11 1 11 104 277 383 632 836 1,001 1,182
Stock-based pay 3 5 19 74 164 363 482 570 751 823
Free cash flow after stock pay 8 −4 −8 29 113 20 150 266 250 359
Balance sheet
Cash 60 54 597 225 271 339 330 1,247 401 435
Total debt 0 0 0 576 735 739 742 1,613 983 986
Net debt (negative = net cash) −60 −54 −597 351 465 400 412 366 582 551
Diluted shares 123m 142m 140m 300m 309m 315m 350m 359m 363m 367m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

5 of 7 checks passed · June 30, 2026
What it owns · $7.5bn
Short-term assets $6.0bnLonger-term assets $1.5bn
What it owes, and who funded it · $7.5bn
Short-term liabilities $1.9bnLonger-term liabilities $1.3bnShareholders' equity $4.4bn
  • Short-term assets cover short-term liabilities $6.0bn of assets due within a year against $1.9bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $6.0bn short-term assets against $1.3bn of longer-dated liabilities.
  • More cash than debt $435m of cash against $986m of debt.
  • Debt below 40% of shareholders' equity Debt is 23% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 71% to 23% over five years.
  • A year's operating cash flow covers at least 20% of debt $1.2bn of operating cash flow against $986m of debt.
  • Operating profit covers interest at least five times over Operating income of $16m against $11m of interest.

From Datadog, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+1.7%
year over year
R&D spending
43.7%
of revenue
Days sales outstanding
76 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in application software
Last 12 months unless stated DDOG TRMB HUBS GRAB DOCU ZM Median
Revenue, last 12 months $4.0bn $3.8bn $3.4bn $3.4bn $3.4bn $5.0bn $482m
Revenue growth, last 12 months 31.5% 5.8% 21.1% 20.5% 8.6% 5.0% 12.0%
Revenue growth, 3-year average 27.9% 1.2% 21.1% — 8.2% 3.8% 11.1%
Revenue growth, latest quarter 35.6% 11.0% 19.8% — 9.4% 4.9% 11.9%
Gross margin 79.5% 69.8% 83.2% 43.2% 79.5% 77.3% 69.2%
Operating margin 0.4% 17.0% 3.8% 1.9% 12.0% 23.7% 1.1%
Operating margin, 3-year average 0.6% 14.0% −0.8% — 7.9% 20.1% −0.8%
Net margin 4.5% −2.8% 4.3% 8.0% 9.8% 65.2% 2.1%
Cash from operations / revenue 31.0% 21.1% 24.8% 2.3% 39.4% 40.1% 18.2%
Free-cash-flow margin 29.8% 20.4% 23.1% −0.5% 35.7% 38.6% 15.0%
Free-cash-flow margin, 3-year average 30.1% 14.2% 20.7% — 32.7% 38.3% 16.2%
Stock pay / revenue 20.7% 4.3% 14.9% 7.2% 18.0% 14.6% 9.3%
Change in share count 1.7% −3.1% 0.7% 5.3% −5.3% −3.5% 2.2%

Median of all 185 companies we cover in application software. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

185 application software companies
Measure Company Peer median Rank
Revenue growth Growth 31.5% 12.0% 25 of 184
Change in growth rate Growth +2.0pp +0.2pp 55 of 184
Gross margin Profitability 79.5% 69.8% 39 of 160
Operating margin Profitability 0.4% 1.1% 95 of 181
Net margin Profitability 4.5% 2.1% 82 of 185
Free-cash-flow margin Cash generation 29.8% 15.2% 29 of 180
Stock pay as % of revenue Cash generation 20.7% 9.3% 150 of 177
Long-term debt as % of assets Balance sheet 13.1% 16.9% 43 of 98
Change in share count Balance sheet 1.7% 1.7% 81 of 163
Days sales outstanding Balance sheet 76 days 57 days 114 of 162

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Geography
Region Revenue YoY
North America $2.4B ▲ 29.8%
United States $2.3B ▲ 30.0%
International $994M ▲ 22.7%

These categories overlap or exclude eliminations, so shares aren't shown.

From Datadog, Inc.'s 10-K filed February 18, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$78.7B
Institutions reporting
1,263
Shares held vs prior quarter
▲ 3.7%
Positions opened / closed
291 / 82

Top buyers and sellers, Q2 2026: 715 institutions bought and 515 sold ; the biggest buyer was FMR LLC (+6.5M shares) and the biggest seller Baillie Gifford & Co (−1.7M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $9.3B 35.5M 11.8% ▲ 0.8%
Vanguard Capital Management LLC $5.6B 21.6M 7.1% ▲ 1.3%
FMR LLC $5.1B 19.8M 6.5% ▲ 48.7%
Vanguard Portfolio Management LLC $4.6B 17.6M 5.8% ▼ 0.1%
State Street Corp $3.8B 14.7M 4.9% ▲ 4.6%
Invesco Ltd. $3.4B 13.2M 4.4% ▲ 13.7%
Price T Rowe Associates Inc $2.8B 10.6M 3.5% ▲ 2.5%
Geode Capital Management, LLC $2.5B 9.5M 3.1% ▲ 2.1%
Jupiter Topco LLC $1.8B 6.9M 2.3% —
Jennison Associates LLC $1.8B 6.9M 2.3% ▲ 15.8%
Morgan Stanley $1.2B 4.6M 1.5% ▼ 8.3%
Goldman Sachs Group Inc $1.1B 4.3M 1.4% ▲ 1.6%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Datadog, Inc.'s complete shareholder register. Values are as reported by the filers ; 5 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $916M 700 trades by 15 insiders · 74% under pre-set plans
Net ▼ $916M net selling
Insider Date Trade Shares Price Value
Le-Quoc Alexis Chief Technology Officer October 28, 2026 Sell pre-set plan 500 $284.33 $142,167
Le-Quoc Alexis Chief Technology Officer October 28, 2026 Sell pre-set plan 2,700 $283.44 $765,300
Le-Quoc Alexis Chief Technology Officer October 28, 2026 Sell pre-set plan 2,717 $282.32 $767,051
Le-Quoc Alexis Chief Technology Officer October 28, 2026 Sell pre-set plan 3,529 $281.54 $993,548
Le-Quoc Alexis Chief Technology Officer October 28, 2026 Sell pre-set plan 2,874 $280.46 $806,052
Le-Quoc Alexis Chief Technology Officer October 28, 2026 Sell pre-set plan 3,480 $279.15 $971,451
Le-Quoc Alexis Chief Technology Officer October 28, 2026 Sell pre-set plan 10,324 $278.27 $2.9M
Le-Quoc Alexis Chief Technology Officer October 28, 2026 Sell pre-set plan 11,430 $277.30 $3.2M
Le-Quoc Alexis Chief Technology Officer October 28, 2026 Sell pre-set plan 5,670 $276.38 $1.6M
Le-Quoc Alexis Chief Technology Officer October 7, 2026 Sell pre-set plan 600 $280.43 $168,257
Le-Quoc Alexis Chief Technology Officer October 7, 2026 Sell pre-set plan 1,300 $278.88 $362,549
Le-Quoc Alexis Chief Technology Officer October 7, 2026 Sell pre-set plan 1,700 $277.36 $471,515

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 12 trades and filings

In the last 12 months, 3 members of Congress disclosed 4 purchases and 2 sales of Datadog, Inc. shares.

  • Jonathan L. Jackson(D-IL 1):Purchase, $50,001 - $100,000, traded September 28, 2026, filed October 19, 2026
  • Maria Elvira Salazar(R-FL 27):Sale (partial), $1,001 - $15,000, traded September 24, 2026, filed October 7, 2026
  • Maria Elvira Salazar(R-FL 27):Purchase, $1,001 - $15,000, traded May 19, 2026, filed June 8, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 5, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • May 7, 2026
  • February 10, 2026
  • November 6, 2025
  • August 7, 2025
  • May 6, 2025

Recent SEC filings

Data status

When each part of this page on Datadog, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Datadog, Inc. in brief

What does Datadog, Inc. do?
Datadog, Inc. is a US-listed company in the application software industry. Its financial year ends in December.
What is Datadog, Inc.'s stock ticker?
Datadog, Inc. trades under the ticker DDOG on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Datadog, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Datadog, Inc. reported revenue of $4B, 31.5% higher than a year earlier, according to its SEC filings.
What is Datadog, Inc.'s free cash flow?
Datadog, Inc.'s free-cash-flow margin is 29.8% of revenue over the trailing twelve months, ranking 29 of the 180 application software companies we cover.
What is Datadog, Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Datadog, Inc.'s free cash flow after stock-based pay gives ~$100 per share in the base case, and ~$81–$130 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Datadog, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and FMR LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Datadog, Inc.'s market cap?
On November 2, 2026, Datadog, Inc.'s market capitalisation was about $79.3B, with a price-to-earnings ratio of 446.5 and net debt of $551M. Market figures come from third-party market data and may be delayed.
How much debt does Datadog, Inc. have?
Datadog, Inc.'s debt-to-equity ratio is 22.6%, from its latest balance sheet (70.6% five years earlier). The financial health section below sets out its other solvency checks.
Who are Datadog, Inc.'s competitors?
In our Application Software peer group, the companies closest to Datadog, Inc. are Trimble Inc., Hubspot Inc, Grab Holdings Ltd, Docusign, Inc. and Zoom Communications, Inc. The side-by-side comparison below sets their revenue, margins and growth against Datadog, Inc.'s.
Are insiders buying or selling Datadog, Inc. stock?
Over the last 12 months, Datadog, Inc.'s directors and officers reported 0 open-market purchases and 700 sales on Form 4. The insider trading page charts every trade.
When is Datadog, Inc.'s next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Datadog, Inc. announces its own schedule.