Datadog, Inc.DDOG
Datadog, Inc. Financial Overview 2021–2025
Updated Jul 10, 2026Datadog generated $1.05 billion in operating cash flow during FY2025, proving its cloud observability platform is as efficient at minting cash as it is at capturing market share. The company has successfully transitioned from a cash-burning startup into an entrenched enterprise utility. By consistently expanding relationships with existing users—who accounted for 75% of revenue growth in FY2025—Datadog operates a highly sticky ecosystem where customers steadily increase their software spend.
The top line expanded rapidly as revenue grew from $1.03 billion in FY2021 to $3.43 billion in FY2025. Underpinning this trajectory is a remarkably consistent land-and-expand model, highlighted by a 120% dollar-based net retention rate and an 80% gross margin at the close of the fiscal year. While the business swung from a $20.7 million net loss in FY2021 to a $107.7 million net income in FY2025, it continues to direct heavy capital toward research and development to launch new AI and security products. The market priced this aggressive scaling at a massive premium. At the end of FY2025, the stock closed at $135.99 and traded at a towering 438.7x P/E ratio based on $0.31 in EPS.
Recent Developments (Q4 2025 and Q1 2026)
Datadog generated $1.01 billion in revenue for Q1 2026, representing a 32% year-over-year increase. Net income more than doubled to $52.6 million, up from $24.6 million in Q1 2025. Operating cash flow for the quarter improved to $334.6 million. The enterprise footprint expanded alongside profitability, as customers generating over $100,000 in annual recurring revenue reached 4,550. The company also completed key corporate changes, expanding its board with the appointment of Dominic Phillips in February 2026 and finalizing a redomiciliation to Nevada in April 2026.
Bulls argue the accelerating top-line growth and expanding large-customer base prove the product suite thrives at scale. Bears warn the stock remains richly valued relative to recent earnings performance, trading at a 608.8x P/E ratio as of the May 7, 2026 report date, not today.
What to watch: sustained expansion in the enterprise customer cohort; potential M&A activity utilizing the $4.7 billion in cash and marketable securities.
Rev
$3.43B
FY2025
NI
$107.7M
FY2025
EPS
$0.31
FY2025
OCF
$1.05B
FY2025
Year-over-year comparison from 10-K annual reports
Data from SEC Company Facts
All DDOG Financial Metrics(56)
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Recent SEC Filings
Datadog, Inc. 8-K Report, Shareholder Vote Results (Jun 16, 2026)
Datadog, Inc. (DDOG) held its 2026 Annual Meeting of Stockholders on June 15, 2026, with the primary outcomes being the election of four Class I directors and the advisory approval of executive compensation. The company's stockholders overwhelmingly re-elected Olivier Pomel, Dev Ittycheria, Shardul Shah, and Ami Vora to its Board of Directors, with their terms extending until the 2029 Annual Meeting. This signifies continued confidence in the current leadership's direction. Additionally, stockholders approved, on an advisory basis, the compensation of the company's named executive officers. The selection of Deloitte & Touche LLP as the independent registered public accounting firm for fiscal year 2026 was also ratified with strong support. Notably, a shareholder proposal to adopt a simple majority voting provision was not approved, indicating a preference to maintain the current voting structure.
Datadog, Inc. 8-K Report, Financial Results (May 7, 2026)
Datadog, Inc. has filed an 8-K report on May 7, 2026, primarily to announce its financial results for the first quarter ended March 31, 2026. While the full financial details are contained within the furnished press release (Exhibit 99.1), this filing serves as the official notification of these results to the market. Investors should refer to the attached press release for specific metrics regarding revenue, profitability, customer growth, and any forward-looking guidance provided by the company. The filing itself acts as a gateway to this crucial information, emphasizing the company's adherence to disclosure requirements.
Datadog, Inc. 8-K Report, Rights Modification (Apr 22, 2026)
Datadog, Inc. has officially completed its redomiciliation from Delaware to Nevada, effective April 21, 2026. This strategic move, approved by stockholders at a special meeting, involved converting the company from a Delaware corporation to a Nevada corporation through a plan of conversion. The redomiciliation did not alter Datadog's business operations, management, assets, liabilities, or the number of employees, aiming primarily to adjust the legal and regulatory framework governing the company. While the internal affairs of Datadog will now be governed by Nevada law, and the company has adopted new Nevada-based articles of incorporation and bylaws, the transition is designed to be seamless for shareholders. Stock ownership, equity awards, and the stock trading symbol (DDOG) remain unchanged. Investors should note that while the operational impact is minimal, there may be subtle changes in stockholder rights as outlined in the definitive proxy statement and associated Nevada legal documents.
Datadog, Inc. 8-K Report, Executive Changes (Mar 2, 2026)
Datadog, Inc. (DDOG) announced on March 2, 2026, a change in its Board of Directors, which is a key development for investors to monitor. The Board has been expanded from ten to eleven members with the appointment of Dominic Phillips as a Class II director. Mr. Phillips's term is set to conclude at the 2027 Annual Meeting of Stockholders. His appointment, effective February 26, 2026, is intended to leverage his extensive professional experience and expected contributions to the company. This expansion and appointment are significant as they indicate the company's strategic considerations for governance and expertise at the board level. Notably, Mr. Phillips will not be immediately assigned to any board committees. His compensation package includes an initial grant of restricted stock units (RSUs) valued at $600,000, an increase from the standard $400,000 for new directors, reflecting the board's emphasis on aligning his interests with those of shareholders and recognizing his significant background.
Datadog, Inc. 8-K Report, Financial Results (Feb 10, 2026)
Datadog, Inc. (DDOG) has filed an 8-K report on February 10, 2026, to announce its financial results for the fourth quarter and full fiscal year ended December 31, 2025. The primary purpose of this filing is to furnish the accompanying press release, which contains the detailed financial performance information. Investors should refer to Exhibit 99.1 for the specific revenue, profitability, and other key financial metrics that will offer insights into the company's operational performance and growth trajectory during the reported period. While the 8-K itself does not contain the detailed financial tables, it serves as the official notification and public dissemination point for Datadog's latest quarterly and annual results. The information furnished is crucial for understanding the company's current financial health, its ability to meet market expectations, and its outlook for the upcoming fiscal year. Investors are advised to review the press release thoroughly for management's commentary on performance drivers, strategic initiatives, and forward-looking statements.
View all 8-K filings →