Datadog (DDOG) FY2022 results: revenue $1.7 billion, up 62.8% on the year

Datadog, Inc. (DDOG) reported revenue of $1.7 billion for fiscal 2022, the year ended 31 December 2022, up 62.8% on the year before. Net income was -$50 million, and diluted earnings per share $-0.16. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2023.

Revenue

$1.7 billion

+62.8% on the year

FY2017FY2022

Operating margin

-3.5%

-1.9% a year earlier

FY2017FY2022

Net income

-$50 million

FY2017FY2022

Diluted EPS

-$0.16

FY2017FY2022

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2022 · Q2 FY2022 · Q3 FY2022 · Q4 FY2022

Income statement (profit and loss)

$ million	FY2022	FY2021	FY2020	On the year
Revenue	1,675	1,029	603	+62.8%
Cost of revenue	347	234	130	+48.0%
Gross profit	1,328	795	473	+67.2%
Gross margin	79.3%	77.2%	78.4%
Research and development	752	420	211	+79.2%
Operating income	-58.7	-19.2	-13.8
Operating margin	-3.5%	-1.9%	-2.3%
Interest expense	16.5	21.1	30.4	-21.5%
Pre-tax income	-38.1	-18.4	-22.2
Income tax	12.1	2.3	2.3	+420.4%
Net income	-50.2	-20.7	-24.5
Net margin	-3.0%	-2.0%	-4.1%
Diluted EPS	-$0.16	-$0.07	-$0.08

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	FY2022	FY2021	FY2020	On the year
Operating cash flow	418	287	109	+46.0%
Capital expenditure	35.3	10.0	5.4	+254.2%
Free cash flow	383	277	104	+38.5%
Free cash flow margin	22.9%	26.9%	17.2%
Cash from investing	-385	-274	-1,153
Cash from financing	36.0	34.9	670	+3.1%
Depreciation and amortisation	27.0	18.5	14.5	+45.9%
Share-based compensation	363	164	74.4	+121.8%
Diluted shares, weighted	315m	309m	300m	+2.1%

Balance sheet

$ million	FY2022	FY2021	FY2020	On the year
Shareholders' equity	1,411	1,041	957	+35.5%
Debt	739	735	576	+0.5%
Operating lease liabilities	76.6	52.1	51.4	+47.0%
Other liabilities	779	552	306	+41.1%
Total liabilities and equity	3,005	2,381	1,890	+26.2%
Fixed assets	125	75.2	47.2	+66.8%
Goodwill	348	292	17.6	+19.2%
Intangible assets	16.4	15.7	2.1	+4.2%
Investments	1,545	1,283	1,293	+20.4%
Cash and equivalents	339	271	225	+25.1%
Receivables	400	269	163	+48.6%
Other assets	231	174	143	+32.4%
Total assets	3,005	2,381	1,890	+26.2%

10-K for the year ended 31 December 2022, filed 24 February 2023: the filing.