XStocksXray

Research report · 16 October 2026

Datadog, Inc. (DDOG)

Information Technology · Application Software · US stock · price as of 16 Oct 2026

Key indicators

Price	$247.11
52-week range	$98.01 – $300.68
Market cap	$91.7B
P/E (trailing)	508.4×
EV / EBITDA	1,106.8×
Free-cash-flow yield	1.3%
Dividend yield	–
Revenue (last 12 months)	$4.0B
Revenue growth (3y a year)	26.9%
Operating margin	0.4%
Return on invested capital	–
Net debt / EBITDA	–

Fair value

Fair value is not shown for this company.

X-Ray Score

49/ 100 · Medium confidence · ahead of 43% of sector peers

Valuation10

Growth83

Profitability62

Financial health46

Dividends–

Five-year price chart navy: price · brown: 200-day average · blue band: fair value range

Executive summary

Datadog provides a cloud-based platform that helps technology teams monitor and secure their software. Its products collect and analyse data on servers, applications, logs and user activity, and show engineers where problems occur. It also offers security tools. Customers range from start-ups to large enterprises across many industries, and they reach the platform through the web instead of installing software, using it mainly to keep cloud applications running reliably.

The company earns money from subscriptions, with customers paying for the products they use and the volume of data they send. Revenue was $4.0 billion over the last twelve months, with growth of 26.9% a year across the last three years. The operating margin is 0.4%, so the business is close to break-even on that measure, and no dividend is paid.

StocksXray gives Datadog, Inc. an X-Ray Score of 49 out of 100 (medium confidence), ahead of 43% of the S&P 500 stocks in its sector. Its strongest lens is growth (83) and its weakest is valuation (10).

XStocksXray

Datadog, Inc. (DDOG)

Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months

	FY2021	FY2022	FY2023	FY2024	FY2025	Now
Price	$178.11	$73.50	$121.38	$142.89	$135.99	$247.11
Market cap	$55.0B	$23.2B	$42.5B	$51.2B	$49.4B	$91.7B
P/E	–	–	867.0×	274.8×	438.7×	508.4×
EV / revenue	52.0×	12.7×	18.8×	17.5×	13.1×	21.9×
EV / EBITDA	–	–	18,696.4×	457.8×	9,313.0×	1,106.8×
Price / free cash flow	199.0×	60.5×	67.2×	61.3×	49.4×	77.6×
Free-cash-flow yield	0.5%	1.7%	1.5%	1.6%	2.0%	1.3%
Price / book	52.9×	16.4×	21.0×	18.9×	13.2×	21.0×
Dividend yield	–	–	–	–	–	–

Fundamentals checklist ● 7 Good · ● 1 Average · ● 4 Bad · each check graded against the sector

Cash quality

Earnings backed by cash−13.9%Good

Free-cash-flow yield1.3%Bad

Risk models

Altman Z score5.2×Good

Piotroski F-Score6 of 9Average

Growth

Free-cash-flow growth (3y)37.7%Good

Revenue growth (3y)26.9%Good

Growth consistency100%Good

Balance sheet

Current ratio3.2×Good

Interest cover1.4×Bad

Valuation

EBIT / EV yield0.0%Bad

Profitability

Operating margin0.4%Bad

Gross profitability41.8%Good

XStocksXray

Datadog, Inc. (DDOG)

Financials US$ millions, from SEC filings; last column is the last twelve months

Income statement	FY21	FY22	FY23	FY24	FY25	LTM
Revenue	1,029	1,675	2,128	2,684	3,427	3,967
Gross profit	795	1,328	1,718	2,169	2,740	3,154
Operating income	-19	-59	-33	54	-44	16
Net income	-21	-50	49	184	108	178
Diluted EPS ($)	-0.07	-0.16	0.14	0.52	0.31	0.49
Free cash flow	277	383	632	836	1,001	1,182
Gross margin	77.2%	79.3%	80.7%	80.8%	80.0%	79.5%
Operating margin	−1.9%	−3.5%	−1.6%	2.0%	−1.3%	0.4%
Net margin	−2.0%	−3.0%	2.3%	6.8%	3.1%	4.5%
Balance sheet	FY21	FY22	FY23	FY24	FY25	LTM
Total assets	2,381	3,005	3,936	5,785	6,644	7,548
Cash	271	339	330	1,247	401	435
Total debt	–	–	–	–	–	–
Equity	1,041	1,411	2,025	2,714	3,732	4,367
Dividend per share ($)	–	–	–	–	–	–

Revenue and net income US$ billions: navy revenue, teal net income

Margins blue gross, teal operating, brown net

Latest quarters

	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue ($M)	762	827	886	953	1,006	1,121
Growth vs a year earlier	+24.6%	+28.1%	+28.4%	+29.2%	+32.2%	+35.6%
Net income ($M)	25	3	34	47	53	45
Diluted EPS ($)	0.07	0.01	0.10	–	0.15	0.12

XStocksXray

Datadog, Inc. (DDOG)

Peers in Application Software

Company	X-Ray
DDOG · Datadog, Inc.	49
ADBE · Adobe Inc.	77
INTU · Intuit Inc.	72
FICO · Fair Isaac Corp	70
ADSK · Autodesk, Inc.	67

Market Compass outlook for Information Technology: Favourable (75/100). It blends regime history, macro sensitivity, momentum and valuation.

Returns

1 week	−15.7%
1 month	+4.7%
3 months	−6.1%
6 months	+95.2%
1 year	+54.4%
3 years	+176.3%
5 years	+76.1%

Technical summary

DailyNeutral7 bullish · 2 neutral · 7 bearish

WeeklyStrongly bullish9 bullish · 1 neutral · 2 bearish

MonthlyStrongly bullish7 bullish · 1 neutral · 0 bearish

50-day / 200-day average	$247.10 / $191.61
52-week low / high	$98.01 / $300.68
Classic pivot, support and resistance	S2 227.81 · S1 237.46 · P – · R1 262.93 · R2 278.75

XStocksXray

Datadog, Inc. (DDOG)

Strengths

Revenue growth of 26.9% a year over three years is ahead of 89% of its sector peers.
Piotroski F-Score of 6 out of 9: most of the nine accounting health tests pass.

Risks and weak spots

Free-cash-flow yield is weak against Information Technology peers (1.3%).
Interest cover is weak against Information Technology peers (1.4×).
EBIT / EV yield is weak against Information Technology peers (0.0%).
Operating margin is weak against Information Technology peers (0.4%).

Latest SEC filings

Date	Form	Items
6 Aug 2026	10-Q
6 Aug 2026	8-K	2.02,9.01
16 Jun 2026	8-K	5.07
7 May 2026	10-Q
7 May 2026	8-K	2.02,9.01
29 Apr 2026	DEF 14A
22 Apr 2026	8-K	3.03,5.03,5.07,8.01,9.01
2 Mar 2026	8-K	5.02

How to read this report

Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.