Datadog (DDOG) FY2024 results: revenue $2.7 billion, up 26.1% on the year

Datadog, Inc. (DDOG) reported revenue of $2.7 billion for fiscal 2024, the year ended 31 December 2024, up 26.1% on the year before. Net income was $184 million, up 278.3%, and diluted earnings per share $0.52. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2025.

Revenue

$2.7 billion

+26.1% on the year

FY2017FY2024

Operating margin

2.0%

-1.6% a year earlier

FY2017FY2024

Net income

$184 million

+278.3% on the year

FY2017FY2024

Diluted EPS

$0.52

+271.4% on the year

FY2017FY2024

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2024 · Q2 FY2024 · Q3 FY2024 · Q4 FY2024

Income statement (profit and loss)

$ million	FY2024	FY2023	FY2022	On the year
Revenue	2,684	2,128	1,675	+26.1%
Cost of revenue	516	410	347	+25.8%
Gross profit	2,169	1,718	1,328	+26.2%
Gross margin	80.8%	80.7%	79.3%
Research and development	1,153	962	752	+19.8%
Operating income	54.3	-33.5	-58.7
Operating margin	2.0%	-1.6%	-3.5%
Interest expense	7.1	6.3	16.5	+12.2%
Pre-tax income	204	60.2	-38.1	+238.6%
Income tax	20.2	11.7	12.1	+73.1%
Effective tax rate	9.9%	19.4%	n/a
Net income	184	48.6	-50.2	+278.3%
Net margin	6.8%	2.3%	-3.0%
Diluted EPS	$0.52	$0.14	-$0.16	+271.4%

$ 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	FY2024	FY2023	FY2022	On the year
Operating cash flow	871	660	418	+31.9%
Capital expenditure	34.7	27.6	35.3	+25.9%
Free cash flow	836	632	383	+32.2%
Free cash flow margin	31.1%	29.7%	22.9%
Cash from investing	-737	-731	-385
Cash from financing	787	58.3	36.0	+1,250.5%
Depreciation and amortisation	48.5	35.6	27.0	+36.2%
Share-based compensation	570	482	363	+18.3%
Diluted shares, weighted	359m	350m	315m	+2.4%

Balance sheet

$ million	FY2024	FY2023	FY2022	On the year
Shareholders' equity	2,714	2,025	1,411	+34.0%
Debt	1,613	742	739	+117.4%
Operating lease liabilities	197	138	76.6	+42.6%
Other liabilities	1,261	1,030	779	+22.4%
Total liabilities and equity	5,785	3,936	3,005	+47.0%
Fixed assets	227	172	125	+32.1%
Goodwill	360	353	348	+2.2%
Intangible assets	3.7	9.6	16.4	-61.4%
Investments	2,942	2,253	1,545	+30.6%
Cash and equivalents	1,247	330	339	+277.5%
Receivables	599	509	400	+17.6%
Other assets	406	310	231	+31.2%
Total assets	5,785	3,936	3,005	+47.0%

10-K for the year ended 31 December 2024, filed 20 February 2025: the filing.