AI English summary of an SEC filing — figures as filed
Datadog DDOGDatadog said revenue for fiscal 2024 was $2,684.3 million, an increase of 26% from fiscal 2023 of $2,128.4 million, with approximately 75% of the $555.9 million increase attributable to growth from existing customers and 25% attributable to growth from new customers.
Key points
AI summaryDatadog said revenue for fiscal 2024 was $2,684.3 million, an increase of 26% from fiscal 2023 of $2,128.4 million, with approximately 75% of the $555.9 million increase attributable to growth from existing customers and 25% attributable to growth from new customers.
The company said net income for fiscal 2024 was $183.7 million (compared to $48.6 million in fiscal 2023), operating cash flow was $870.6 million, and free cash flow was $775.1 million (compared to $597.5 million in fiscal 2023).
Datadog said it issued 2029 Notes with an aggregate principal amount of $1.0 billion in December 2024, generating net proceeds of approximately $979.1 million, which it used in part to pay $100.9 million for Capped Calls and to repurchase approximately $112.0 million in aggregate principal amount of 2025 Notes, including accrued and unpaid interest, for $196.8 million.
The company said as of December 31, 2024, it had approximately 3,610 customers with annual run-rate revenue of $100,000 or more, representing 88% of ARR, compared to 3,190 as of the prior year, and its trailing 12-month dollar-based net retention rate was high-110%'s, compared to mid-110%'s in the prior year.
Key figures
Fiscal year ended December 31, 2024
- Revenue
- $2.7B
- Operating income
- $54M
- Net income
- $184M
- EPS
- $0.52
- Gross profit
- $2.2B
- Operating cash flow
- $871M
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis 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.
Annual Revenue $2,684.3 million, Up 26%
Datadog said revenue for fiscal 2024 was $2,684.3 million, an increase of 26% from fiscal 2023 of $2,128.4 million, with approximately 75% of the $555.9 million increase attributable to growth from existing customers and 25% attributable to growth from new customers.
Source · Based on the MD&A text of the filing
Annual Net Income $183.7 million, Free Cash Flow $775.1 million
The company said net income for fiscal 2024 was $183.7 million (compared to $48.6 million in fiscal 2023), operating cash flow was $870.6 million, and free cash flow was $775.1 million (compared to $597.5 million in fiscal 2023).
Source · Based on the MD&A text of the filing
2029 Notes Issuance of $1.0 billion and Partial Repurchase of 2025 Notes
Datadog said it issued 2029 Notes with an aggregate principal amount of $1.0 billion in December 2024, generating net proceeds of approximately $979.1 million, which it used in part to pay $100.9 million for Capped Calls and to repurchase approximately $112.0 million in aggregate principal amount of 2025 Notes, including accrued and unpaid interest, for $196.8 million.
Source · Based on the MD&A text of the filing
Approximately 3,610 Customers with ARR of $100,000 or More, Net Retention Rate high-110%'s
The company said as of December 31, 2024, it had approximately 3,610 customers with annual run-rate revenue of $100,000 or more, representing 88% of ARR, compared to 3,190 as of the prior year, and its trailing 12-month dollar-based net retention rate was high-110%'s, compared to mid-110%'s in the prior year.
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
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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