Datadog (DDOG) Q4 FY2025 earnings: revenue $953 million, up 29.2% on the year

Datadog, Inc. (DDOG) reported revenue of $953 million for Q4 FY2025, the quarter ended 31 December 2025, up 29.2% on the same quarter a year earlier. Net income was $47 million, up 2.1% on the year, and diluted earnings per share $0.13. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2026.

Revenue

$953 million

+29.2% on the year · +7.6% on the quarter

Q1 FY2024Q4 FY2025

Operating margin

1.0%

1.3% a year earlier

Q1 FY2024Q4 FY2025

Net income

$47 million

+2.1% on the year · +37.4% on the quarter

Q1 FY2024Q4 FY2025

Diluted EPS

$0.13

0.0% on the year · +30.0% on the quarter

Q1 FY2024Q4 FY2025

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 6 new.

Revenue grew 29% in quarter: Fourth quarter revenue was $953 million, up 29% year over year, with GAAP operating income of $9 million.
Full-year revenue reached $3.43 billion: Fiscal 2025 revenue was $3.43 billion, up 28%, with a GAAP operating loss of $44 million.
Non-GAAP operating margin was 24%: Non-GAAP operating income was $230 million, with a 24% non-GAAP operating margin; the GAAP operating margin was 1%.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q4 FY2025	Q3 FY2025	Q4 FY2024	On the quarter	On the year
Revenue	953	886	738	+7.6%	+29.2%
Cost of revenue	187	176	144	+5.9%	+29.6%
Gross profit	766	709	594	+8.1%	+29.1%
Gross margin	80.4%	80.1%	80.5%
Research and development	418	402	316	+4.0%	+32.1%
Operating income	9.4	-5.8	9.4		-0.4%
Operating margin	1.0%	-0.7%	1.3%
Interest expense	2.6	2.4	2.6	+7.4%	-1.6%
Pre-tax income	53.5	35.7	53.8	+49.9%	-0.7%
Income tax	6.9	1.8	8.2	+287.4%	-16.1%
Effective tax rate	12.9%	5.0%	15.3%
Net income	46.6	33.9	45.6	+37.4%	+2.1%
Net margin	4.9%	3.8%	6.2%
Diluted EPS	$0.13	$0.10	$0.13	+30.0%	0.0%

$ million except per share.

Fourth quarters are the year less the first three quarters. 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	Q4 FY2025	Q3 FY2025	Q4 FY2024	On the quarter	On the year
Operating cash flow	327	251	265	+30.1%	+23.3%
Capital expenditure	8.9	16.8	7.8	-47.0%	+14.6%
Free cash flow	318	235	257	+35.6%	+23.6%
Free cash flow margin	33.4%	26.5%	34.9%
Cash from investing	-498	-202	-109
Cash from financing	30.0	1.3	759	+2,264.0%	-96.0%
Depreciation and amortisation	14.7	13.3	14.5	+10.5%	+1.4%
Share-based compensation	205	201	158	+2.4%	+29.6%
Diluted shares, weighted	366m	362m	361m	+1.0%	+1.3%
Shares outstanding at period end	353m	351m	343m	+0.5%	+2.9%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q4 FY2025	Q3 FY2025	Q4 FY2024	On the quarter	On the year
Shareholders' equity	3,732	3,439	2,714	+8.5%	+37.5%
Debt	983	982	1,613	+0.1%	-39.0%
Operating lease liabilities	256	261	197	-1.8%	+30.1%
Other liabilities	1,672	1,370	1,261	+22.0%	+32.6%
Total liabilities and equity	6,644	6,052	5,785	+9.8%	+14.8%
Fixed assets	338	308	227	+9.9%	+49.0%
Goodwill	531	530	360	+0.1%	+47.2%
Intangible assets	15.0	16.8	3.7	-11.0%	+303.3%
Investments	4,074	3,600	2,942	+13.2%	+38.5%
Cash and equivalents	401	541	1,247	-25.8%	-67.8%
Receivables	741	550	599	+34.9%	+23.8%
Other assets	544	508	406	+7.1%	+33.9%
Total assets	6,644	6,052	5,785	+9.8%	+14.8%

Questions

What was Datadog's revenue in Q4 FY2025?

Datadog (DDOG) reported revenue of $953 million for Q4 FY2025, the quarter ended 31 December 2025, up 29.2% on the same quarter a year earlier.

How much did Datadog earn in Q4 FY2025?

Net income for Q4 FY2025 was $47 million, up 2.1% on the year, and diluted earnings per share $0.13.

When did Datadog report Q4 FY2025 results?

Datadog filed its 10-K for the year that ended with the quarter on 18 February 2026; the fourth quarter is the year less the first three.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	326	363	406	437	469	482	509	548	590	611	645	690	738	762	827	886	953	1,006	1,121	1,197
Cost of revenue	67.1	74.5	81.9	93.6	96.8	99.9	102	103	105	110	123	138	144	158	166	176	187	209	240	237
Gross profit	259	289	324	343	373	382	408	444	485	501	522	552	594	604	661	709	766	797	881	960
Gross margin	79%	79%	80%	79%	79%	79%	80%	81%	82%	82%	81%	80%	80%	79%	80%	80%	80%	79%	79%	80%
R&D	133	151	178	205	219	229	239	240	253	270	275	292	316	341	387	402	418	435	478	492
Operating income	8.5	10.4	-3.1	-31.3	-34.6	-35.0	-22.0	-4.2	27.7	12.0	12.6	20.3	9.4	-12.4	-35.5	-5.8	9.4	7.3	5.5	74.7
Operating margin	3%	3%	-1%	-7%	-7%	-7%	-4%	-1%	5%	2%	2%	3%	1%	-2%	-4%	-1%	1%	1%	0%	6%
Interest expense	5.6	5.2	4.5	3.7	3.0	2.2	1.5	1.3	1.3	1.4	1.5	1.6	2.6	3.0	3.1	2.4	2.6	3.1	3.3	3.2
Pre-tax income	8.5	10.9	-0.0	-23.1	-25.9	-20.4	-0.9	24.3	57.3	46.2	47.8	56.1	53.8	31.8	6.1	35.7	53.5	58.9	51.7	125
Tax rate	16%	10%	n/a	n/a	n/a	n/a	n/a	7%	6%	8%	8%	8%	15%	22%	57%	5%	13%	11%	14%	5%
Net income	7.2	9.7	-4.9	-26.0	-29.0	-24.1	-4.0	22.6	54.0	42.6	43.8	51.7	45.6	24.6	2.6	33.9	46.6	52.6	44.6	118
Net margin	2%	3%	-1%	-6%	-6%	-5%	-1%	4%	9%	7%	7%	7%	6%	3%	0%	4%	5%	5%	4%	10%
Diluted EPS	$0.02	$0.03	-$0.02	-$0.08	-$0.09	-$0.08	-$0.01	$0.06	$0.15	$0.12	$0.12	$0.14	$0.13	$0.07	$0.01	$0.10	$0.13	$0.15	$0.12	$0.32
Operating cash flow	116	147	73.0	83.6	114	134	153	153	220	212	164	229	265	272	200	251	327	335	316	290
Capital expenditure	2.4	9.5	6.0	9.7	10.1	8.7	2.3	6.1	10.4	14.2	4.4	8.4	7.8	8.7	15.2	16.8	8.9	11.4	9.9	10.9
Free cash flow	113	138	67.0	73.9	104	125	151	147	210	198	160	220	257	263	185	235	318	323	306	279
Shares outstanding	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	343m	345m	349m	351m	353m	356m	359m	361m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 31 December 2025, filed 18 February 2026: the filing.