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DDOG

DDOG · Updated 10/24/2026

Revenue

$3.4B

Fiscal 2025

Net income

$107.7M

Fiscal 2025

Free cash flow

$1.0B

Fiscal 2025

Net cash / (debt)

—

Fiscal 2025

Five-year financials

Fiscal year20252024202320222021
Revenue$3.4B$2.7B$2.1B$1.7B$1.0B
Net income$107.7M$183.7M$48.6M(50.2M)(20.7M)
Diluted EPS—————
Operating cash flow$1.1B$870.6M$660.0M$418.4M$286.5M
Free cash flow$1.0B$835.9M$632.4M$383.1M$276.6M
Cash$401.3M$1.2B$330.3M$339.0M$271.0M
Total debt—————

Where the cash went

Cumulative, fiscal 2021–2025, straight from the reported cash-flow statements.

Reinvested in capex

4.8%

of operating cash flow

Returned to owners

—

of free cash flow (buybacks + dividends)

Diluted share count

—

change 2021–2025

Capital expenditure $157.1MBar width = share of $3.3B operating cash flow
Operating cash flow$3.3B
Capital expenditure($157.1M)
Free cash flow$3.1B
Share buybacks—
Dividends paid—
Acquisitions (net)—
Net debt issued / (repaid)—
Stock-based compensation (non-cash)—

"—" means a year didn't report that line, so no total is shown rather than an estimate.

SEC filings

  • 8-K · period 2026-08-062026-08-06EDGAR
  • 10-Q · period 2026-06-302026-08-06EDGAR
  • 8-K · period 2026-06-152026-06-16EDGAR

Analyst overview

DDOG operates a unified observability and security platform, primarily serving cloud-scale applications. The company generates revenue through subscription-based services, offering a suite of tools for monitoring, logging, and security, often billed based on usage. Its competitive advantage stems from its integrated platform, which consolidates multiple functionalities into a single interface, simplifying complex IT environments for enterprise clients.

The company has demonstrated robust revenue growth, increasing from 1.0B in 2021 to 3.4B in 2025. Net income has shown a positive trend, moving from a loss of 20.7M in 2021 to a profit of 107.7M in 2025, although it saw a decline from 183.7M in 2024. Free cash flow has consistently expanded, reaching 1.0B in 2025 from 276.6M in 2021, and the company maintains a strong cash position with no reported debt across the period.

Key strengths include a growing recurring revenue base and substantial free cash flow generation, underscoring its operational efficiency. A primary risk lies in the highly competitive cloud observability market, where continuous innovation is crucial to maintain market share.

AI-generated from published financials and filings · 10/24/2026. Not investment advice.

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