The company said its revenue for the 3-month period ended June 30, 2024 was $645.3 million, up 27% from $509.5 million a year earlier. It said about 75% of the increase came from existing customers and 25% from new customers.

10-QQuarterly reportFiled Aug 9, 2024Period of report Jun 30, 2024Summary published (UTC) Oct 23, 2026

Key points

AI summary

The company said its revenue for the 3-month period ended June 30, 2024 was $645.3 million, up 27% from $509.5 million a year earlier. It said about 75% of the increase came from existing customers and 25% from new customers.
Datadog said it had about 3,390 customers with ARR of $100,000 or more as of June 30, 2024, representing 87% of its ARR. Its trailing 12-month dollar-based net retention rate was in the mid-mid-110%'s, lower than the mid-mid-120%'s a year earlier. The company cited slower usage growth from existing customers as the main factor.
The company said cost of revenue rose $21.7 million (21%), research and development expense rose $35.1 million (15%), and sales and marketing expense rose $39.6 million (27%) in the 3-month period. It said gross margin rose 1%, and that revenue growth exceeded the growth in third-party cloud infrastructure provider costs.
The company said operating cash flow was $376.7 million and free cash flow was $330.5 million for the 6-month period ended June 30, 2024. It said it held cash and cash equivalents of $411.0 million and marketable securities of $2.5 billion as of June 30.

Key figures

Quarter ended June 30, 2024

Revenue: $645M
Operating income: $13M
Net income: $44M
EPS: $0.12
Gross profit: $522M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Quarterly Revenue Reaches $645.3 million, Up 27%

The company said its revenue for the 3-month period ended June 30, 2024 was $645.3 million, up 27% from $509.5 million a year earlier. It said about 75% of the increase came from existing customers and 25% from new customers.

Source · Based on the MD&A text of the filing

Customers With ARR of $100,000 or More and Net Retention

Datadog said it had about 3,390 customers with ARR of $100,000 or more as of June 30, 2024, representing 87% of its ARR. Its trailing 12-month dollar-based net retention rate was in the mid-mid-110%'s, lower than the mid-mid-120%'s a year earlier. The company cited slower usage growth from existing customers as the main factor.

Source · Based on the MD&A text of the filing

Quarterly Cost Increases and Gross Margin

The company said cost of revenue rose $21.7 million (21%), research and development expense rose $35.1 million (15%), and sales and marketing expense rose $39.6 million (27%) in the 3-month period. It said gross margin rose 1%, and that revenue growth exceeded the growth in third-party cloud infrastructure provider costs.

Source · Based on the MD&A text of the filing

6-Month Cash Flows and Liquidity

The company said operating cash flow was $376.7 million and free cash flow was $330.5 million for the 6-month period ended June 30, 2024. It said it held cash and cash equivalents of $411.0 million and marketable securities of $2.5 billion as of June 30.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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