Datadog

As of June 30, 2025 Datadog held about $3.9 billion in cash, cash equivalents and marketable securities, with approximately $1.0 billion of 0 percent convertible notes due 2029 and the 2025 converts effectively retired via conversions and cash settlement. Trailing-twelve-month free cash flow is roughly $0.85 billion with a high-20s FCF margin.

There is ample liquidity and no refinancing pressure, providing resilience through downturns and flexibility for organic R&D and tuck-in M&A.