# Datadog, Inc. (DDOG)

> Source: Nexqual · https://nexqual.com/DDOG · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Datadog, Inc. (DDOG), nexqual.com/DDOG" · informational, not investment advice.

**Price:** USD 257.75 (-5.62% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 273.09 · day 256.42–275.81 · 52w 98.01–300.68 · market cap $92.6B · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $3.97B, net income $178M (4.5% margin), free cash flow $1.18B (SEC filings).
- Valuation: P/E 521.2x (avg 537.7x at the last 3 fiscal year-ends), EV/EBITDA 1130.5x, net cash $4.00B.
- Analysts: Buy (mean 1.94 on a 1–5 scale) (48 analysts), mean target USD 292.36 (range 158–350).
- Total return with dividends: 1Y +64.6% vs S&P 500 +14.9%; 5Y +58.7% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD 0.64, revenue estimate $1.15B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.03B | $1.68B | $2.13B | $2.68B | $3.43B | $3.97B |
| Gross profit | $795M | $1.33B | $1.72B | $2.17B | $2.74B | — |
| Operating income | -$19.2M | -$58.7M | -$33.5M | $54.3M | -$44.4M | $16.3M |
| Net income | -$20.7M | -$50.2M | $48.6M | $184M | $108M | $178M |
| EPS (diluted) | -$0.07 | -$0.16 | $0.14 | $0.52 | $0.31 | — |
| Free cash flow | $277M | $383M | $632M | $836M | $1.00B | $1.18B |
| Gross margin | 77.2% | 79.3% | 80.7% | 80.8% | 80.0% | — |
| Operating margin | -1.9% | -3.5% | -1.6% | 2.0% | -1.3% | 0.4% |
| Net margin | -2.0% | -3.0% | 2.3% | 6.8% | 3.1% | 4.5% |
| Revenue growth | +70.5% | +62.8% | +27.1% | +26.1% | +27.7% | — |
| Cash + short-term investments | $1.55B | $1.88B | $2.58B | $4.19B | $4.47B | — |
| Total debt | $735M | $739M | $742M | $979M | $983M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 521.2x · P/S 23.3x · EV/EBITDA 1130.5x · EV/Sales 22.3x · P/FCF 78.3x · P/B 21.2x · FCF yield 1.28% · Earnings yield 0.19% · Net cash $4.00B · EV $88.6B
P/E at fiscal year-ends: Dec 2025 458.8x, Dec 2024 278.9x, Dec 2023 875.4x.

## Analysts
Consensus Buy (mean 1.94 on a 1–5 scale), 48 analysts; mean target USD 292.36 (low 158, high 350).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-19 | Bernstein | Upgrade | Market Perform → Outperform | $237 → $350 |
| 2026-10-15 | Mizuho | Target raised | Outperform | $300 → $330 |
| 2026-10-13 | Barclays | Target raised | Overweight | $290 → $300 |
| 2026-10-12 | RBC Capital | Target raised | Outperform | $280 → $320 |
| 2026-10-09 | CIBC | Target raised | Outperformer | $280 → $315 |
| 2026-08-08 | Scotiabank | Target raised | Sector Outperform | $275 → $285 |
| 2026-08-07 | UBS | Target lowered | Buy | $315 → $280 |
| 2026-08-07 | Citigroup | Target raised | Buy | $300 → $305 |
| 2026-08-07 | Macquarie | Target raised | Outperform | $230 → $260 |
| 2026-08-07 | Needham | Target raised | Buy | $260 → $300 |
| 2026-08-07 | DA Davidson | Maintained | Buy | $315 |
| 2026-08-07 | Cantor Fitzgerald | Reiterated | Overweight | $327 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +64.6% | +58.7% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +64.9% | +9.7% |
| Volatility (annualized) | 68.6% | 55.7% |
| Max drawdown | -48.6% (Nov 2025→Feb 2026) | -66.8% (Nov 2021→Jan 2023) |

## Peers (Software - Application)
INTU (Intuit Inc.) USD 354.9 +5.75% · CDNS (Cadence Design Systems, Inc.) USD 309.65 -5.04% · ADBE (Adobe Inc.) USD 270.55 +6.07% · SNOW (Snowflake Inc.) USD 313.96 -2.72% · ADP (Automatic Data Processing, Inc.) USD 307.94 +4.56% · MSTR (Strategy Inc) USD 145.8 -5.00%

## More
Full page: https://nexqual.com/DDOG · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in DDOG's own 10-K filed 2026-02-18 (https://www.sec.gov/Archives/edgar/data/1561550/000162828026008819/ddog-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Competitor | Microsoft (MSFT) | "•with respect to on-premise infrastructure monitoring, we compete with diversified technology companies and systems management vendors including IBM, Microsoft Corporation, and SolarWinds Corporation." |
| Competitor | Cisco (CSCO) | "•with respect to APM, we compete with Cisco Systems, Inc., New Relic, Inc. and Dynatrace Software Inc." |
| Competitor | IBM (IBM) | "•with respect to on-premise infrastructure monitoring, we compete with diversified technology companies and systems management vendors including IBM, Microsoft Corporation, and SolarWinds Corporation." |
| Competitor | Amazon (AMZN) | "•with respect to Cloud monitoring, we compete with native solutions from cloud providers such as Amazon Web Services, or AWS, Microsoft Azure, and Google Cloud Platform, or GCP." |
| Competitor | Alphabet (Google) (GOOGL) | "•with respect to Cloud monitoring, we compete with native solutions from cloud providers such as Amazon Web Services, or AWS, Microsoft Azure, and Google Cloud Platform, or GCP." |

## Revenue by region (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| North America | $824.7M | 73.5% | +40.6% |
| UNITED STATES | $790.1M | 70.5% | +41.2% |
| International | $296.8M | 26.5% | +23.6% |
| Total revenue | $1.12B | 100% | — |
The lines above cover 170.5% of total revenue.

## Company outlook (8-K filed 2026-08-06)

- "Co nference Call Details: • W hat: Datadog financial results for the second quarter of 2026 and outlook for the third quarter and the full year 2026 • When: August 6, 2026 a t 8:00 A.M."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.64 | $0.61 | +5.1% | $1.15B | 40 |
| Next quarter (ends 2026-12-31) | $0.64 | $0.63 | +1.8% | $1.20B | 38 |
| Current fiscal year (ends 2026-12-31) | $2.53 | $2.42 | +4.3% | $4.47B | 45 |
| Next fiscal year (ends 2027-12-31) | $2.98 | $2.88 | +3.5% | $5.49B | 47 |