Datadog said its revenue for the 3 months ended September 30, 2024 was $690.0 million, up 26% from $547.5 million a year earlier. The company said about 75% of the increase came from existing customers and 25% from new customers.

10-QQuarterly reportFiled Nov 8, 2024Period of report Sep 30, 2024Summary published (UTC) Oct 23, 2026

Key points

AI summary

Datadog said its revenue for the 3 months ended September 30, 2024 was $690.0 million, up 26% from $547.5 million a year earlier. The company said about 75% of the increase came from existing customers and 25% from new customers.
Datadog said it had approximately 3,490 customers with ARR of $100,000 or more as of September 30, 2024, representing 88% of its ARR. The company said its trailing 12-month-month dollar-based net retention rate was in the mid-110%'s, lower than high-110%'s a year earlier, and cited slower usage growth from existing customers as the main reason.
Datadog said its cost of revenue for the 3 months ended September 30, 2024 rose $34.4 million (33%), of which $28.6 million was attributable to higher third-party cloud infrastructure hosting and software costs. The company said its gross margin fell 1% over the same period, mainly due to increased spending with third-party cloud infrastructure providers.
Datadog said its operating cash flow was $605.4 million and its free cash flow was $534.1 million for the 9 months ended September 30, 2024. As of September 30, 2024, the company had cash and cash equivalents of $337.4 million and marketable securities of $2.9 billion.

Key figures

Quarter ended September 30, 2024

Revenue: $690M
Operating income: $20M
Net income: $52M
EPS: $0.14
Gross profit: $552M

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 $690.0 million, Up 26% Year over Year

Datadog said its revenue for the 3 months ended September 30, 2024 was $690.0 million, up 26% from $547.5 million a year earlier. The company 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

Customer Metrics: 3,490 Customers with ARR of $100,000 or More

Datadog said it had approximately 3,490 customers with ARR of $100,000 or more as of September 30, 2024, representing 88% of its ARR. The company said its trailing 12-month-month dollar-based net retention rate was in the mid-110%'s, lower than high-110%'s a year earlier, and cited slower usage growth from existing customers as the main reason.

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

Quarterly Gross Margin Falls 1% on Higher Cloud Costs

Datadog said its cost of revenue for the 3 months ended September 30, 2024 rose $34.4 million (33%), of which $28.6 million was attributable to higher third-party cloud infrastructure hosting and software costs. The company said its gross margin fell 1% over the same period, mainly due to increased spending with third-party cloud infrastructure providers.

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

Operating Cash Flow of $605.4 million and Free Cash Flow of $534.1 million for 9 Months

Datadog said its operating cash flow was $605.4 million and its free cash flow was $534.1 million for the 9 months ended September 30, 2024. As of September 30, 2024, the company had cash and cash equivalents of $337.4 million and marketable securities of $2.9 billion.

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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