DDOG·Application & Infrastructure Software (Observability / Monitoring)

Datadog

ConvictionModerate

Usage-based + subscription SaaS; land-and-expand across 30+ products on one platform; gross-margin ~80%, scales with cloud + AI workloads

Revenue

$3.43B FY2025$1.01B Q1 FY26 (run-rate >$4B ARR

Rev growth

+32% YoYQ1 FY26); +28% FY2025; +26% FY2024 — re-accelerating

Gross margin

~80%80.2% Q1 FY26, non-GAAP

Op margin

~22% non-GAAP22.2% Q1 FY26); GAAP near breakeven-to-modestly-positive

Capex intensity

Low~3-4% of revenue; asset-light, runs on public cloud not owned DCs

Market cap

~$82.6BJun 26, 2026

Price · 1-year trend

real · weekly

$233+76% 1yUSD

52-week range

$98 – $279

52w lowas of 2026-06-26 · Yahoo Finance52w high

Across the boards

The thesis on this name

subject

AI Compute Value-Chain

Full context

The read

Where our coverage leans

Coverage leans bullish

Members only

Full financial intelligence for Datadog

Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.

Income statement & margin structure
SWOT, moats & dependency map
Supplier–customer ecosystem graph
Signals, trends & valuation range

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Not investment advice — analyst work product for a qualified professional.· intel vintage Jun 2026· sign in (free) for the analyst summary; Pro unlocks full intelligence