{"schemaVersion":1,"research":true,"symbol":"ddog","name":"Datadog","topic":"moat","path":"/stock/ddog/moat","status":"published","version":4,"updatedAt":"2026-10-18T13:00:12.667Z","locked":false,"publicFairValue":false,"fairValue":null,"moat":{"verdict":"narrow","summary":"Datadog has a narrow moat from embedded monitoring workflows and adoption across multiple products, supported by demonstrated expansion within existing customers. Switching friction is inferred rather than directly measured. Pricing power remains unproven: usage growth explains improved net retention, and the largest customer's subsequent usage reduction demonstrates spending flexibility. Integration maintenance, competing bundled offerings and rising hosting costs constrain durability.","advantages":[{"mechanism":"switching_costs","claim":"A unified monitoring platform embedded across products and operating workflows creates likely replacement and retraining friction. Demonstrated multi-product adoption and existing-customer expansion support a current advantage, although the passages do not quantify migration costs or establish that expansion results primarily from switching barriers.","durability":"Adoption across multiple products and continued customer expansion support persistence over several reporting periods. Durability depends on maintaining useful integrations and product quality; the evidence does not establish exceptional or decade-long protection.","risks":"Customers can optimize usage without replacing the platform, as the largest customer's disclosed reduction demonstrates. Lower-cost or bundled alternatives could weaken demand. Maintaining more than 1,000 integrations requires continuing investment, and disclosed outages create operational vulnerability. Generic competitive risks are possibilities rather than evidence of realized customer losses.","invalidation":"The thesis would be undermined by sustained same-customer ARR contraction, broad declines in multi-product adoption, or documented migrations showing that customers can replace integrated workflows cheaply and quickly. A net retention rate persistently below 100%, together with falling product adoption or competitive losses, would be particularly strong contrary evidence.","competitors":[],"evidenceIds":["e1","e2","e3","e4","e5","e6","e7"],"counterEvidenceIds":["e8","e9","e10","e11","e12","e13"]}],"evidence":[{"id":"e1","sourceId":"filing-4","location":"Business: unified platform, single agent and integrations","excerpt":"Our proprietary platform combines the power of metrics, traces, logs, user sessions, security signals, and other data from a single agent and over 850 integrations to provide a unified view of infrastructure, application performance and the real-time events impacting performance."},{"id":"e2","sourceId":"filing-1","location":"MD&A: two-or-more-product adoption at December 31, 2025","excerpt":"Approximately 84% of our customers were using two or more products as of December 31, 2025, consistent with approximately 83% a year earlier."},{"id":"e3","sourceId":"filing-1","location":"MD&A: adoption across four or more through ten or more products","excerpt":"Additionally, as of December 31, 2025, approximately 55% of our customers were using four or more products, up from approximately 50% a year earlier; approximately 33% of our customers were using six or more products, up from approximately 26% a year earlier; approximately 18% of our customers were using eight or more products, up from approximately 13% a year earlier; and approximately 9% of our customers were using ten or more products, up from 5% a year earlier."},{"id":"e4","sourceId":"filing-2","location":"MD&A: trailing dollar-based net retention at June 30, 2026","excerpt":"As of June 30, 2026, our trailing 12-month dollar-based net retention rate was in the low-120%'s."},{"id":"e5","sourceId":"filing-2","location":"MD&A: contribution of existing customers to second-quarter revenue growth","excerpt":"Approximately 70% of the increase in revenue was attributable to growth from existing customers, and the remaining 30% was attributable to growth from new customers."},{"id":"e6","sourceId":"filing-1","location":"Business: incident response workflow","excerpt":"•Incident Response. Incident Response unifies monitoring, paging, and incident management into one seamless workflow."},{"id":"e7","sourceId":"filing-2","location":"Risk factors: existing integrations and continuing maintenance requirements","excerpt":"We currently offer more than 1,000 out-of-the-box integrations to assist customers in deploying Datadog, and we need to continuously modify and enhance our products to adapt to changes and innovation in existing and new technologies to maintain and grow our integrations."},{"id":"e8","sourceId":"filing-2","location":"MD&A: usage growth explains net retention improvement","excerpt":"The increase in our trailing 12-month dollar-based net retention rate was attributable to increased usage growth from existing customers."},{"id":"e9","sourceId":"filing-2","location":"MD&A: largest-customer usage reduction beginning in third-quarter 2026","excerpt":"We saw a reduction in usage from our largest customer starting in the third quarter of 2026, which may cause a deceleration in revenue growth."},{"id":"e10","sourceId":"filing-1","location":"Risk factors: lower-cost and differentiated competing products","excerpt":"In addition, as our market matures, our products evolve, and competitors introduce lower cost or differentiated products that are perceived to compete with our platform and products, our ability to sell subscriptions for our products could be impaired."},{"id":"e11","sourceId":"filing-1","location":"Risk factors: competing features and bundled offerings","excerpt":"Similarly, our subscription sales could be adversely affected if customers or users within these organizations perceive that features incorporated into competitive products reduce the need for our products or if they prefer to purchase other products that are bundled with solutions offered by other companies that operate in adjacent markets and compete with our products."},{"id":"e12","sourceId":"filing-2","location":"Risk factors: experienced disruptions, outages and performance problems","excerpt":"We have experienced, and may in the future experience, disruptions, outages, and other performance problems due to a variety of factors, including infrastructure changes, introductions of new functionality, human or software errors, capacity constraints due to an overwhelming number of users accessing our products and platform capabilities simultaneously, denial of service attacks, or other security-related incidents."},{"id":"e13","sourceId":"filing-5","location":"MD&A: historical decline in dollar-based net retention","excerpt":"As the growth of our business has decelerated in recent quarters, our trailing 12-month dollar-based net retention rate has declined."},{"id":"e14","sourceId":"filing-2","location":"MD&A: first-half 2026 gross margin and cost of revenue","excerpt":"Cost of Revenue and Gross Margin Six Months Ended June 30, 2026 2025 Change % Change (dollars in thousands) Cost of revenue $ 449,341 $ 323,606 $ 125,735 39 % Gross margin 79 % 80 % Cost of revenue increased by $125.7 million, or 39%, in the six months ended June 30, 2026 compared to the six months ended June 30, 2025."},{"id":"e15","sourceId":"filing-2","location":"MD&A: hosting costs explain first-half gross-margin decline","excerpt":"Our gross margin decreased for the six months ended June 30, 2026 compared to the six months ended June 30, 2025, primarily as a result of increased spend with our third-party cloud infrastructure provider costs."},{"id":"e16","sourceId":"filing-5","location":"MD&A: 2023 gross-margin improvement from cloud cost savings","excerpt":"Our gross margin increased by 2% for the year ended December 31, 2023 compared to the year ended December 31, 2022, primarily as the result of revenue growth exceeding the growth of third-party cloud infrastructure provider costs due to cost savings."},{"id":"e17","sourceId":"filing-2","location":"MD&A: committed amounts, additional usage and monthly subscriptions","excerpt":"MRR for each month is calculated by aggregating, for all customers during that month, monthly revenue from committed contractual amounts, additional usage, usage from subscriptions for a committed contractual amount of usage that is delivered as used and monthly subscriptions."},{"id":"e18","sourceId":"filing-2","location":"Unaudited statements of operations: revenue, operating results and weighted-average shares","excerpt":"CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands) (unaudited) Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Revenue $ 1,121,454 $ 826,760 $ 2,127,880 $ 1,588,313 Cost of revenue 240,113 165,978 449,341 323,606 Gross profit 881,341 660,782 1,678,539 1,264,707 Operating expenses: Research and development 477,968 387,482 913,266 728,543 Sales and marketing 311,519 239,026 591,342 453,317 General and administrative 86,399 69,774 161,149 130,767 Total operating expenses 875,886 696,282 1,665,757 1,312,627 Operating income (loss) 5,455 (35,500) 12,782 (47,920) Other income: Interest expense (3,255) (3,075) (6,374) (6,038) Interest income and other income, net 49,533 44,663 104,255 91,842 Other income, net 46,278 41,588 97,881 85,804 Income before provision for income taxes 51,733 6,088 110,663 37,884 Provision for income taxes 7,175 3,441 13,531 10,595 Net income $ 44,558 $ 2,647 $ 97,132 $ 27,289 Net income attributable to common stockholders $ 44,558 $ 2,647 $ 97,132 $ 27,289 Basic net income per share $ 0.13 $ 0.01 $ 0.27 $ 0.08 Diluted net income per share $ 0.12 $ 0.01 $ 0.27 $ 0.08 Weighted average shares used in calculating basic net income per share: 356,253 346,185 354,771 344,650 Weighted average shares used in calculating diluted net income per share: 371,023 358,725 368,271 361,289 See accompanying notes to condensed consolidated financial statements."},{"id":"e19","sourceId":"filing-2","location":"MD&A: first-half free cash flow","excerpt":"Our free cash flow was $567.8 million and $409.7 million for the six months ended June 30, 2026 and 2025, respectively."},{"id":"e20","sourceId":"filing-2","location":"Liquidity and capital resources: operating cash flow and contributing factors","excerpt":"Cash Flows The following table shows a summary of our cash flows for the periods presented: Six Months Ended June 30, 2026 2025 (in thousands) Cash provided by operating activities $ 650,495 $ 471,596 Cash used in investing activities (664,677) (634,475) Cash provided by (used in) financing activities 51,532 (603,801) Operating Activities Net cash provided by operating activities for the six months ended June 30, 2026 increased by $178.9 million compared to the six months ended June 30, 2025, primarily driven by an increase in net income of $69.8 million, an increase in non-cash charges of $97.0 million, an increase in accounts payable of $69.5 million, and an increase in deferred revenue of $67.9 million."},{"id":"e21","sourceId":"filing-2","location":"Stock-based compensation note: expense and capitalized compensation","excerpt":"Stock-based compensation expense was included in the condensed consolidated statement of operations as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Cost of revenue $ 9,256 $ 6,783 $ 17,815 $ 13,434 Research and development 131,682 112,445 255,353 218,180 Sales and marketing 47,098 37,442 89,396 71,567 General and administrative 32,215 23,792 54,529 41,546 Stock-based compensation, net of amounts capitalized 220,251 180,462 417,093 344,727 Capitalized stock-based compensation expense 6,882 5,957 16,071 11,619 Total stock-based compensation expense $ 227,133 $ 186,419 $ 433,164 $ 356,346 13."},{"id":"e22","sourceId":"filing-1","location":"Liquidity and capital resources: non-cancelable purchase and lease commitments","excerpt":"Non-cancelable purchase commitments for business operations and operating lease obligations total $1.4 billion and $375.2 million, respectively, as of December 31, 2025, due primarily over the next five years."},{"id":"e23","sourceId":"filing-2","location":"Liquidity and capital resources: 2029 Notes payment obligations","excerpt":"The principal and future interest payments related to our 2029 Notes are $1.0 billion."},{"id":"e24","sourceId":"filing-3","location":"Executive compensation: actual long-term equity award weighting","excerpt":"The target grant value of long-term equity incentive compensation was weighted 50% in the form of performance stock unit (“PSU”) awards and 50% in the form of restricted stock unit (“RSU”) awards."},{"id":"e25","sourceId":"filing-3","location":"Executive compensation: granted PSUs and performance conditions","excerpt":"(2)Represents the number of Class A common shares subject to PSUs granted to our named executive officers, which are earned based on the Company’s achievement of a pre-established amount of revenue and non-GAAP operating income."},{"id":"e26","sourceId":"filing-3","location":"Executive compensation: adopted 2025 executive bonus metrics","excerpt":"The compensation committee determined that the performance metric for our named executive officers for 2025, apart from our Chief Revenue Officer, would be based on the attainment of pre-established levels of net new ARR, with certain decelerators applied if our non-GAAP operating income fell below a target level."},{"id":"e27","sourceId":"filing-3","location":"Executive compensation: operative compensation recoupment policy","excerpt":"Under our clawback policy, if we are required to prepare an accounting restatement, we must reasonably promptly recoup from any current or former covered executive officer, including our named executive officers, the amount of incentive-based compensation received by such covered executive officer in excess of the amount of incentive based compensation that would have been received had such amount been determined based on the accounting restatement."},{"id":"e28","sourceId":"filing-3","location":"Corporate governance: majority-independent board","excerpt":"Accordingly, a majority of our directors are independent, as required under applicable Nasdaq rules."},{"id":"e29","sourceId":"filing-3","location":"Executive compensation: CEO excluded from deliberations on own compensation","excerpt":"While the Chief Executive Officer discusses his recommendations with the compensation committee, he does not participate in the deliberations concerning, or the determination of, his own performance and compensation."},{"id":"e30","sourceId":"filing-2","location":"Risk factors: current classified board and supermajority governance provisions","excerpt":"Our articles of incorporation and bylaws include provisions that: •authorize our board of directors to issue, without further action by the stockholders, shares of undesignated preferred stock with terms, rights, and preferences determined by our board of directors that may be senior to our Class A common stock; •require that any action to be taken by our stockholders be effected at a duly called annual or special meeting and not by written consent; 63 •specify that special meetings of our stockholders can be called only by our board of directors, the chairperson of our board of directors, or our chief executive officer; •establish an advance notice procedure for stockholder proposals to be brought before an annual meeting, including proposed nominations of persons for election to our board of directors; •establish that our board of directors is divided into three classes, with each class serving three-year staggered terms; •prohibit cumulative voting in the election of directors; •provide that our directors may be removed with or without cause upon the vote of at least 66 2/3% of our outstanding shares of voting stock entitled to vote thereon; •provide that vacancies on our board of directors may be filled only by a majority of directors then in office, even though less than a quorum; and •require the approval of our board of directors or the holders of at least 66 2/3% of our outstanding shares of voting stock entitled to vote thereon to amend our bylaws and certain provisions of our articles of incorporation."},{"id":"e31","sourceId":"filing-3","location":"2025 business highlights: growth in customers with large ARR","excerpt":"•As of December 31, 2025, we had 603 customers with annual recurring revenue (“ARR”) of $1 million or more, an increase of 31% year-over-year, and about 4,310 customers with ARR of $100,000 or more, an increase of 19% year-over-year."},{"id":"e32","sourceId":"filing-2","location":"MD&A: net retention includes expansion and deducts contraction and attrition","excerpt":"Current Period ARR includes any expansion and is net of contraction or attrition over the last 12 months but excludes ARR from new customers in the current period."},{"id":"e33","sourceId":"filing-1","location":"MD&A: 2025 gross-margin decline from third-party infrastructure costs","excerpt":"Our gross margin decreased by 1% for the year ended December 31, 2025 compared to the year ended December 31, 2024, primarily as the result of increased in third-party cloud infrastructure provider costs."}],"changes":["Retain the previous narrow verdict and the distinction between demonstrated customer expansion and inferred switching friction.","Add explicit management assessments using disclosed award terms, cash generation, dilution and governance provisions.","Specify falsifiable invalidation conditions and distinguish actual usage reductions, margin pressure and outages from hypothetical competitive risks.","Remove reliance on any quantified switching costs, realized pricing increases or named-competitor coverage, which the supplied passages do not establish."],"limitations":["All supplied sources are issuer SEC filings. Reported operating results support assessment, while claims about workflow benefits and platform differentiation remain issuer descriptions rather than independent comparative proof.","Dates are filing dates with dateKind filed: filing-1 February 18, 2026; filing-2 August 6, 2026; filing-3 April 29, 2026; filing-4 February 20, 2025; filing-5 February 23, 2024; filing-6 May 7, 2026. Period-end measurements and subsequent usage observations are distinguished from those filing dates.","The passages identify generic competitive threats but no named entity as a product-market competitor. Companies mentioned in biographies, integrations or advisory roles do not establish competitor coverage.","No gross customer retention, migration-cost measurements, competitive win rates or customer-level dependency distribution are supplied. Net retention includes expansion and can mask attrition.","No realized unit-price changes, discount trends or explicit repricing rights are disclosed. Revenue and net retention growth cannot isolate pricing from usage and product mix.","The proxy passages disclose actual compensation structures, but do not supply management ownership stakes or sufficient award attainment and vesting outcomes to establish exceptional alignment. Meeting proposals are not treated as adopted changes.","Cross-year product-adoption thresholds use differing wording; the 2025 filing's own comparative figures provide the clearest evidence of increasing adoption."],"qualityAssessments":[{"category":"moat","checks":[{"criterion":"structural_advantage","grade":2,"rationale":"Unified workflows and broad multi-product adoption support a switching-cost advantage. Expansion results corroborate customer value, but replacement costs and comparative superiority are not directly demonstrated.","evidenceIds":["e1","e2","e3","e4","e6"]},{"criterion":"durability","grade":2,"rationale":"Continuing adoption and expanding same-customer ARR support persistence. Integration upkeep, bundled alternatives and historical retention deterioration limit confidence in long-duration protection.","evidenceIds":["e3","e4","e7","e11","e13"]},{"criterion":"customer_dependency","grade":3,"rationale":"Extensive multi-product adoption, low-120% net retention and existing customers contributing 70% of quarterly revenue growth demonstrate strong engagement. Operational dependency and switching friction are inferred; the largest customer could still reduce consumption.","evidenceIds":["e2","e3","e4","e5","e9","e32"]},{"criterion":"erosion_resilience","grade":2,"rationale":"Expansion remains strong despite historical retention weakness, but actual customer optimization and experienced outages expose vulnerabilities. Lower-cost and bundled offerings are disclosed potential threats, not demonstrated market-share losses.","evidenceIds":["e4","e9","e10","e11","e12","e13"]}]},{"category":"pricing_power","checks":[{"criterion":"realized_pricing","grade":null,"rationale":"Net retention improvement is explicitly attributed to usage growth. The supplied results do not disclose realized unit prices, discounts or repricing outcomes; customer usage reductions establish spending flexibility but not price cuts.","evidenceIds":["e8","e9"]},{"criterion":"retention","grade":3,"rationale":"Low-120% dollar-based net retention and broad product adoption demonstrate strong repeat demand and expansion. This is direct net expansion evidence, not a gross renewal or customer retention rate; expansion can offset customer losses.","evidenceIds":["e2","e3","e4","e8","e9","e32"]},{"criterion":"margin_resilience","grade":2,"rationale":"Gross margins remain substantial, but declined in 2025 and to 79% from 80% in first-half 2026 because of infrastructure costs. Earlier cost savings improved margins, making the record mixed. These outcomes do not independently establish pricing power or a cost advantage.","evidenceIds":["e14","e15","e16","e33"]},{"criterion":"contractual_freedom","grade":null,"rationale":"Committed subscriptions, additional usage and monthly subscriptions establish a mixed revenue structure. They do not establish Datadog's ability to change prices or terms, renewal restrictions, or the extent of negotiated customer protections.","evidenceIds":["e17"]}]},{"category":"strong_management","checks":[{"criterion":"capital_discipline","grade":2,"rationale":"First-half operating cash flow rose to $650.5 million and free cash flow to $567.8 million while revenue and operating results improved. Against that, stock-based compensation totaled $433.2 million, weighted-average basic shares increased, and substantial purchase, lease and debt commitments remain. Cash-flow growth partly reflects non-cash charges and working capital; spending efficiency and dilution therefore present a mixed record.","evidenceIds":["e18","e19","e20","e21","e22","e23"]},{"criterion":"incentive_alignment","grade":2,"rationale":"Actual equity awards were weighted equally between PSUs and RSUs, with PSU conditions tied to revenue and non-GAAP operating income. Adopted bonus metrics and a clawback provide alignment mechanisms. Non-GAAP targets exclude significant compensation expense, while ownership stakes and realized award outcomes are missing; strong alignment is not established.","evidenceIds":["e21","e24","e25","e26","e27"]},{"criterion":"execution","grade":3,"rationale":"Revenue rose 36% in second-quarter 2026, first-half operating results turned positive, and cash generation increased alongside broader product adoption and growth in large customers. These are demonstrated operating outcomes, although their attribution to management is indirect. Hosting-cost pressure, outages and the largest customer's usage reduction temper the assessment.","evidenceIds":["e3","e9","e12","e15","e18","e19","e31"]},{"criterion":"governance","grade":1,"rationale":"A majority-independent board, CEO recusal on personal compensation and a clawback provide safeguards. Current classified-board, restricted-meeting and supermajority provisions materially constrain shareholder accountability. The grade reflects actual governance terms, without assuming that the simple-majority shareholder proposal passed.","evidenceIds":["e27","e28","e29","e30"]}]}],"financialAssessments":[],"qualityPolicy":"quality-scores-2","sourcePolicy":"issuer-evidence-4","basisHash":"655b840f1aeac631d350bc1f41489b289fd8dd600c9abe8f58a2f7f586654aa1","updatedAt":"2026-10-18T13:00:12.667Z","sources":[{"id":"filing-1","url":"https://www.sec.gov/Archives/edgar/data/1561550/000162828026008819/ddog-20251231.htm","publishedAt":"2026-02-18","sha256":"1518ef4dca06ca38c639820063c1ada5d78e81f03cfdff2fd5f9bf7ae013ffb2","dateKind":"filed"},{"id":"filing-2","url":"https://www.sec.gov/Archives/edgar/data/1561550/000162828026054458/ddog-20260630.htm","publishedAt":"2026-08-06","sha256":"f2883dda519a7ea0c058c20249edc2847f458a36d95c19af39a2c49b2d3fef2a","dateKind":"filed"},{"id":"filing-3","url":"https://www.sec.gov/Archives/edgar/data/1561550/000162828026028118/ddog-20260429.htm","publishedAt":"2026-04-29","sha256":"33462f7c1e5a42dc90b380d7161d9ca79dec390fa34f276609de665562cca0d4","dateKind":"filed"},{"id":"filing-4","url":"https://www.sec.gov/Archives/edgar/data/1561550/000156155025000025/ddog-20241231.htm","publishedAt":"2025-02-20","sha256":"17391ffb95ecc4ffc6c6fe4e6677d8d5aad1cda353da8cec08f18198741b5a90","dateKind":"filed"},{"id":"filing-5","url":"https://www.sec.gov/Archives/edgar/data/1561550/000156155024000009/ddog-20231231.htm","publishedAt":"2024-02-23","sha256":"bc527f5a499ab2f587c5f5e047f3660cd6393751f47b9111fd34e84a2da31a0c","dateKind":"filed"},{"id":"filing-6","url":"https://www.sec.gov/Archives/edgar/data/1561550/000162828026032328/ddog-20260331.htm","publishedAt":"2026-05-07","sha256":"9a9a51e8f4d3bf4edd041de8b758091b9825182aa552d17a472c3e28fe3d1a79","dateKind":"filed"}],"model":"gpt-6.1-sol","providerId":"codex:a59e511471075c20b3bc972fcb0db60baa92945233a0c5b9f4130a0b1c94b6db","usage":{"input_tokens":87549,"cached_input_tokens":21120,"cache_write_input_tokens":0,"output_tokens":3830,"reasoning_output_tokens":114},"basisSupplement":{"previousHash":"cd0e42a93054da1926051546866bedff42a34f4590fb3092786c524f79ae70c5","checkedAt":"2026-10-18T16:49:32.080Z","rule":"dated historical and missing inputs only; accepted observations and research date retained"}},"signals":[{"period":"2021","end":"2021-12-31","values":{"gross_margin":77.23088617241325,"operating_margin":-1.8620040747134476,"roic":null,"fcf_margin":26.8850409804196,"sbc_revenue":15.915585778939018},"issues":{"pe":"Trailing earnings is zero or negative, so this ratio is undefined.","peg":"Prior-year TTM earnings per diluted share is zero or negative; a growth-adjusted multiple is undefined.","ev_sales":"Reported borrowing balances are unavailable in the extracted statements for this period.","ev_ebitda":"Trailing EBITDA is zero or negative, so this ratio is undefined.","roic":"NOPAT is undefined under this method: pretax profit must be positive and the effective tax rate must be between 0 and 100%.","roiic":"NOPAT is undefined under this method: pretax profit must be positive and the effective tax rate must be between 0 and 100%.","roic_wacc":"Enter a WACC assumption from 0 to 100%.","debt":"Reported borrowing balances are unavailable in the extracted statements for this period.","net_debt":"Reported borrowing balances are unavailable in the extracted statements for this period.","debt_equity":"Reported borrowing balances are unavailable in the extracted statements for this period.","debt_assets":"Reported borrowing balances are unavailable in the extracted statements for this period.","net_debt_ebitda":"Trailing EBITDA is zero or negative, so this ratio is undefined.","debt_fcf":"Reported borrowing balances are unavailable in the extracted statements for this period.","buybacks":"The reported inputs required for this metric are unavailable in the extracted statements for this period."}},{"period":"2022","end":"2022-12-31","values":{"gross_margin":79.3001611844069,"operating_margin":-3.5039699122440453,"roic":null,"fcf_margin":22.873022506119035,"sbc_revenue":21.67954151990926},"issues":{"pe":"Trailing earnings is zero or negative, so this ratio is undefined.","peg":"Prior-year TTM earnings per diluted share is zero or negative; a growth-adjusted multiple is undefined.","ev_sales":"Reported borrowing balances are unavailable in the extracted statements for this period.","ev_ebitda":"Trailing EBITDA is zero or negative, so this ratio is undefined.","roic":"NOPAT is undefined under this method: pretax profit must be positive and the effective tax rate must be between 0 and 100%.","roiic":"NOPAT is undefined under this method: pretax profit must be positive and the effective tax rate must be between 0 and 100%.","roic_wacc":"Enter a WACC assumption from 0 to 100%.","debt":"Reported borrowing balances are unavailable in the extracted statements for this period.","net_debt":"Reported borrowing balances are unavailable in the extracted statements for this period.","debt_equity":"Reported borrowing balances are unavailable in the extracted statements for this period.","debt_assets":"Reported borrowing balances are unavailable in the extracted statements for this period.","net_debt_ebitda":"Trailing EBITDA is zero or negative, so this ratio is undefined.","debt_fcf":"Reported borrowing balances are unavailable in the extracted statements for this period.","buybacks":"The reported inputs required for this metric are unavailable in the extracted statements for this period."}},{"period":"2023","end":"2023-12-31","values":{"gross_margin":80.74065512444093,"operating_margin":-1.5722911407333067,"roic":null,"fcf_margin":29.711528929095138,"sbc_revenue":22.660650764274262},"issues":{"peg":"Prior-year TTM earnings per diluted share is zero or negative; a growth-adjusted multiple is undefined.","ev_sales":"Reported borrowing balances are unavailable in the extracted statements for this period.","ev_ebitda":"Reported borrowing balances are unavailable in the extracted statements for this period.","roic":"Reported borrowing balances are unavailable in the extracted statements for this period.","roiic":"NOPAT is undefined under this method: pretax profit must be positive and the effective tax rate must be between 0 and 100%.","roic_wacc":"Enter a WACC assumption from 0 to 100%.","debt":"Reported borrowing balances are unavailable in the extracted statements for this period.","net_debt":"Reported borrowing balances are unavailable in the extracted statements for this period.","debt_equity":"Reported borrowing balances are unavailable in the extracted statements for this period.","debt_assets":"Reported borrowing balances are unavailable in the extracted statements for this period.","net_debt_ebitda":"Reported borrowing balances are unavailable in the extracted statements for this period.","debt_fcf":"Reported borrowing balances are unavailable in the extracted statements for this period.","buybacks":"The reported inputs required for this metric are unavailable in the extracted statements for this period."}},{"period":"2024","end":"2024-12-31","values":{"gross_margin":80.79440444812846,"operating_margin":2.0222965232697843,"roic":null,"fcf_margin":31.140028499315452,"sbc_revenue":21.24730141285822},"issues":{"ev_sales":"Reported borrowing balances are unavailable in the extracted statements for this period.","ev_ebitda":"Reported borrowing balances are unavailable in the extracted statements for this period.","roic":"Reported borrowing balances are unavailable in the extracted statements for this period.","roiic":"Reported borrowing balances are unavailable in the extracted statements for this period.","roic_wacc":"Enter a WACC assumption from 0 to 100%.","debt":"Reported borrowing balances are unavailable in the extracted statements for this period.","net_debt":"Reported borrowing balances are unavailable in the extracted statements for this period.","debt_equity":"Reported borrowing balances are unavailable in the extracted statements for this period.","debt_assets":"Reported borrowing balances are unavailable in the extracted statements for this period.","net_debt_ebitda":"Reported borrowing balances are unavailable in the extracted statements for this period.","debt_fcf":"Reported borrowing balances are unavailable in the extracted statements for this period.","buybacks":"The reported inputs required for this metric are unavailable in the extracted statements for this period."}},{"period":"2025","end":"2025-12-31","values":{"gross_margin":79.95549081775629,"operating_margin":-1.2947462591453327,"roic":null,"fcf_margin":29.194948117361385,"sbc_revenue":21.903600592677666},"issues":{"peg":"TTM earnings per diluted share growth is zero or negative; a growth-adjusted multiple requires positive growth.","ev_sales":"Reported borrowing balances are unavailable in the extracted statements for this period.","ev_ebitda":"Reported borrowing balances are unavailable in the extracted statements for this period.","roic":"Reported borrowing balances are unavailable in the extracted statements for this period.","roiic":"Reported borrowing balances are unavailable in the extracted statements for this period.","roic_wacc":"Enter a WACC assumption from 0 to 100%.","debt":"Reported borrowing balances are unavailable in the extracted statements for this period.","net_debt":"Reported borrowing balances are unavailable in the extracted statements for this period.","debt_equity":"Reported borrowing balances are unavailable in the extracted statements for this period.","debt_assets":"Reported borrowing balances are unavailable in the extracted statements for this period.","net_debt_ebitda":"Reported borrowing balances are unavailable in the extracted statements for this period.","debt_fcf":"Reported borrowing balances are unavailable in the extracted statements for this period.","buybacks":"The reported inputs required for this metric are unavailable in the extracted statements for this period."}}],"sources":[{"id":"filing-1","url":"https://www.sec.gov/Archives/edgar/data/1561550/000162828026008819/ddog-20251231.htm","publishedAt":"2026-02-18","sha256":"1518ef4dca06ca38c639820063c1ada5d78e81f03cfdff2fd5f9bf7ae013ffb2","dateKind":"filed"},{"id":"filing-2","url":"https://www.sec.gov/Archives/edgar/data/1561550/000162828026054458/ddog-20260630.htm","publishedAt":"2026-08-06","sha256":"f2883dda519a7ea0c058c20249edc2847f458a36d95c19af39a2c49b2d3fef2a","dateKind":"filed"},{"id":"filing-3","url":"https://www.sec.gov/Archives/edgar/data/1561550/000162828026028118/ddog-20260429.htm","publishedAt":"2026-04-29","sha256":"33462f7c1e5a42dc90b380d7161d9ca79dec390fa34f276609de665562cca0d4","dateKind":"filed"},{"id":"filing-4","url":"https://www.sec.gov/Archives/edgar/data/1561550/000156155025000025/ddog-20241231.htm","publishedAt":"2025-02-20","sha256":"17391ffb95ecc4ffc6c6fe4e6677d8d5aad1cda353da8cec08f18198741b5a90","dateKind":"filed"},{"id":"filing-5","url":"https://www.sec.gov/Archives/edgar/data/1561550/000156155024000009/ddog-20231231.htm","publishedAt":"2024-02-23","sha256":"bc527f5a499ab2f587c5f5e047f3660cd6393751f47b9111fd34e84a2da31a0c","dateKind":"filed"},{"id":"filing-6","url":"https://www.sec.gov/Archives/edgar/data/1561550/000162828026032328/ddog-20260331.htm","publishedAt":"2026-05-07","sha256":"9a9a51e8f4d3bf4edd041de8b758091b9825182aa552d17a472c3e28fe3d1a79","dateKind":"filed"}],"history":[{"version":4,"updatedAt":"2026-10-18T16:49:32.080Z","verdict":"narrow","value":null},{"version":3,"updatedAt":"2026-10-18T16:35:43.872Z","verdict":"narrow","value":null},{"version":2,"updatedAt":"2026-10-18T02:27:49.793Z","verdict":"narrow","value":null},{"version":1,"updatedAt":"2026-10-18T02:18:02.026Z","verdict":null,"value":null}],"hasRequested":false,"requestStatus":"completed","researchIssue":null,"archivedMoat":null,"scope":"supported_catalog"}