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Datadog, Inc. key statistics and ratios

In fiscal 2025, Datadog, Inc. had return on equity of 3.3%, an operating margin of -1.3%, debt equal to 26.4% of equity and a current ratio of 3.38. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

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

Fiscal year2017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Gross margin76.8%76.5%75.5%78.4%77.2%79.3%80.7%80.8%80.0%79.5%
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 margin11.4%0.6%3.0%17.2%26.9%22.9%29.7%31.1%29.2%29.8%
Return on equity——−4.7%−2.8%−2.1%−4.1%2.8%7.8%3.3%4.4%
Return on assets—−6.0%−2.7%−1.7%−1.0%−1.9%1.4%3.8%1.7%2.5%
Asset turnover—1.100.600.410.480.620.610.550.550.56
Current ratio—1.094.515.773.543.093.172.643.383.20
Debt to equity——0.0%60.1%70.6%52.4%36.6%59.4%26.4%22.6%
Interest cover (operating income ÷ interest)——n/mn/mn/mn/mn/m7.7xn/m1.4x
Effective tax rate——————19.4%9.9%15.2%11.1%
R&D as % of revenue24.5%27.9%30.7%34.9%40.8%44.9%45.2%42.9%45.2%43.7%
Capital spending as % of revenue2.3%4.9%3.7%0.9%1.0%2.1%1.3%1.3%1.4%1.2%
Free cash flow ÷ net income——————>999%454.9%928.7%665.7%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

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.

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.

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Figures from Datadog, Inc.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Datadog, Inc.