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 ARRRev growth
+32% YoYQ1 FY26); +28% FY2025; +26% FY2024 — re-acceleratingGross margin
~80%80.2% Q1 FY26, non-GAAPOp margin
~22% non-GAAP22.2% Q1 FY26); GAAP near breakeven-to-modestly-positiveCapex intensity
Low~3-4% of revenue; asset-light, runs on public cloud not owned DCsMarket cap
~$82.6BJun 26, 2026Price · 1-year trend
real · weekly$261+83% 1yUSD
52-week range
$103 – $277
52w lowas of 2026-07-08 · Yahoo Finance52w high
Across the boards
The thesis on this name
subject
AI Compute Value-Chain
Full context
Primary source
Reported financials — SEC EDGAR
Audited GAAP figures pulled from SEC filings · latest filing 2026-02-18. The audited primary-source spine — not investment advice.
Revenue — annual (GAAP)
FY’21
$1.0B
FY’22
$1.7B+63%
FY’23
$2.1B+27%
FY’24
$2.7B+26%
FY’25
$3.4B+28%
Margins & balance sheet — FY’25
Gross margin80.0%
Operating margin-1.3%
Net margin3.1%
Net cash$426M
The read
Where our coverage leans
Coverage leans bullish
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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
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