Datadog

Datadog sells a cloud platform that monitors the applications, servers, cloud services, logs, AI models and security of its customers. Engineers use it to find and fix problems in their software. Customers pay subscriptions, and much of the revenue depends on how much data they send to the platform. At September 30, 2026, Datadog had about 33,500 customers, of which about 4,860 had annual recurring revenue of $100,000 or more.

In the first nine months of 2026, revenue was $3,325 million, and 73% came from North America. Datadog had about 8,100 employees at December 31, 2025. The company moved its legal domicile from Delaware to Nevada on April 21, 2026. Its Class A shares trade on the Nasdaq.

The head office is in New York. Olivier Pomel, a co-founder, is Chief Executive Officer.

Datadog trades close to its intrinsic value because investors weigh its fast growth and high cash flow against two risks: a fall in usage by its largest customer, and the chance that AI tools change how companies monitor their software. In Q3 2026, revenue rose 35% to $1,197 million and free cash flow was $251 million, but Datadog expects Q4 2026 revenue of only $1.19 billion to $1.20 billion. For the value to rise, three things must be true. Revenue must keep growing by more than 20% a year in 2027, after the largest customer reduced its usage in Q3 2026.

The trailing 12-month dollar-based net retention rate, in the low 120%s at September 30, 2026, must stay high. Free cash flow must grow faster than stock-based compensation, which was $654 million in the first nine months of 2026. The Q4 2026 report and the 2027 guidance, expected in early February 2027, are the next tests. A large customer that moves to its own tools can slow growth for several quarters.

1. Nov 4, 2026Passed

   Q3 2026 results and 2026 guidanceRevenue growth of 30% or more and higher 2026 guidance pass; lower guidance fails.Outcome: Revenue rose 35% to $1,197 million, and Datadog raised its 2026 guidance, but the largest customer reduced its usage.
2. Feb 9, 2027 · est.Pending

   Q4 2026 results and 2027 guidanceQ4 revenue of $1.20 billion or more and 2027 revenue guidance of 20% growth or more pass; less fails.
3. May 2027 · est.Pending

   Q1 2027 resultsRevenue growth of 20% or more and a stable dollar-based net retention rate pass; a fall in growth below 20% fails.

Every passed and failed checkpoint across all picks

• November 4, 2026Datadog reported Q3 2026 results. Revenue rose 35% to $1,197 million, non-GAAP operating margin was 28%, and free cash flow was $251 million. GAAP diluted EPS was $0.32 and non-GAAP diluted EPS $0.81. The 10-Q says that the largest customer reduced its usage in the quarter. Datadog raised its 2026 guidance to revenue of $4.515 billion to $4.525 billion and non-GAAP EPS of $2.73 to $2.75.
• August 6, 2026Datadog reported Q2 2026 results. Revenue rose 36% to $1.12 billion, and free cash flow was $279 million. Datadog bought Adaptive ML, an AI company, and launched more than 100 new capabilities at its DASH 2026 conference, including autonomous Bits AI agents for incident response.
• April 21, 2026Stockholders approved a plan to move the legal domicile of Datadog from Delaware to Nevada. The change took effect on the same day and did not change the business, the management or the offices.

Last earnings

November 4, 2026 (8-K on sec.gov)

Next earnings

Expected about February 9, 2027. The company has not confirmed the date.

• 10-QQuarterly report for the period ended Sep 30, 2026Filed November 4, 2026 · ddog-20260930
• 8-KEarnings releaseFiled November 4, 2026 · ddog-20261104
• 10-QQuarterly report for the period ended Jun 30, 2026Filed August 6, 2026 · ddog-20260630
• 8-KEarnings releaseFiled August 6, 2026 · ddog-20260806
• 8-KShareholder vote resultsFiled June 16, 2026 · ddog-20260615
• 10-QQuarterly report for the period ended Mar 31, 2026Filed May 7, 2026 · ddog-20260331
• 8-KEarnings releaseFiled May 7, 2026 · ddog-20260507
• 8-KChange to shareholder rights or bylaws and Shareholder vote resultsFiled April 22, 2026 · Read it on sec.gov
• 8-KChange of directors or officersFiled March 2, 2026 · ddog-20260226
• 10-KAnnual report for the period ended Dec 31, 2025Filed February 18, 2026 · ddog-20251231

Every filing on SEC EDGAR (CIK 1561550)

• Revenue depends on usage. The largest customer reduced its usage in Q3 2026, and the 10-Q says that this may slow revenue growth. The AI-native customers added high single digit percentage points to revenue growth in Q3 2026, and they can optimize their usage.
• Competition is strong. Cloud providers, open-source tools and other software companies sell monitoring and security products, and AI tools can make some products cheaper to build.
• Stock-based compensation was $654 million in the first nine months of 2026. It is a real cost to shareholders, and GAAP operating margin was only 3% in the period.
• A security breach or a long outage of the platform can harm the trust of customers.
• Each Class B share has ten votes and each Class A share one vote, so the founders and early holders keep more control than their share of the equity.

Datadog has much more cash than debt. At September 30, 2026, cash, cash equivalents and marketable securities were $5,234 million. Read more

Datadog does not pay a dividend.

Source: company filings and market data, read on November 10, 2026. The ex-dividend date is the first day a buyer no longer gets the next payment.