The company maintains a manageable debt-to-equity ratio of 0.32 as of 2026Q1, while total assets have expanded to $7.0 billion, increasingly supported by liabilities.
| Total Current Assets | 5.63B | 5.38B | 4.91B | 3.18B | 2.34B | 1.87B | 1.72B | 903.94M | 121.95M | 100.42M |
| Cash & Short-Term Investments | 4.76B | 4.47B | 4.19B | 2.58B | 1.88B | 1.55B | 1.52B | 773.97M | 53.64M | 60.02M |
| Cash Only | 426.36M | 401.31M | 1.25B | 330.34M | 338.99M | 270.97M | 224.93M | 597.3M | 53.64M | 60.02M |
| Short-Term Investments | 4.33B | 4.07B | 2.94B | 2.25B | 1.55B | 1.28B | 1.29B | 176.67M | 0 | 0 |
| Accounts Receivable | 680.43M | 741.26M | 598.92M | 509.28M | 399.55M | 268.82M | 171.19M | 104.97M | 56.35M | 32.85M |
| Days Sales Outstanding | 64 | 78.95 | 81.44 | 87.34 | 87.06 | 95.38 | 103.55 | 105.61 | 103.83 | 119.01 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 186.16M | 166.18M | 123.14M | 85.96M | 60.36M | 23.23M | 13.64M | 8.78M | 3.72M | 3.34M |
| Total Non-Current Assets | 1.33B | 1.26B | 874.22M | 757.93M | 660.62M | 509.85M | 172.21M | 134.1M | 57.8M | 26.64M |
| Property, Plant & Equipment | 592.2M | 552.77M | 399.48M | 298.43M | 212.97M | 136.51M | 105.03M | 85.75M | 21.65M | 11.12M |
| Fixed Asset Turnover | 6.77x | 6.20x | 6.72x | 7.13x | 7.87x | 7.54x | 5.75x | 4.23x | 9.15x | 9.06x |
| Goodwill | 540.54M | 530.57M | 360.38M | 352.69M | 348.28M | 292.18M | 17.61M | 9.06M | 7.63M | 6.29M |
| Intangible Assets | 14.93M | 14.97M | 3.71M | 9.62M | 16.36M | 15.7M | 2.07M | 1.44M | 1.29M | 974K |
| Long-Term Investments | 0 | 0 | 0 | 0 | 3.3M | 3.49M | 0 | 0 | 11.34M | 3.47M |
| Other Non-Current Assets | 179.13M | 163.26M | 110.65M | 97.19M | 83M | 65.46M | 47.5M | 37.85M | 27.24M | 8.26M |
| Total Assets | 6.95B | 6.64B | 5.79B | 3.94B | 3B | 2.38B | 1.89B | 1.04B | 179.75M | 127.06M |
| Asset Turnover | 0.58x | 0.52x | 0.46x | 0.54x | 0.56x | 0.43x | 0.32x | 0.35x | 1.10x | 0.79x |
| Asset Growth % | 93.14% | 14.84% | 46.98% | 30.99% | 26.21% | 25.95% | 82.1% | 477.49% | 41.47% | - |
| Total Current Liabilities | 1.66B | 1.59B | 1.86B | 1B | 759.75M | 528.7M | 297.84M | 200.24M | 112.23M | 57.26M |
| Accounts Payable | 174.8M | 148.79M | 107.73M | 87.71M | 23.47M | 25.27M | 21.34M | 15.43M | 12.64M | 5.32M |
| Days Payables Outstanding | 81.23 | 79.06 | 76.15 | 77.95 | 24.65 | 39.28 | 59.83 | 63.31 | 99.14 | 82.87 |
| Short-Term Debt | 41.4M | 39.37M | 634.02M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 4.37B | 1.19B | 961.85M | 765.74M | 543.02M | 371.99M | 204.82M | 134.15M | 69.31M | 35.28M |
| Other Current Liabilities | 208.55M | 209.59M | 71.75M | 61.54M | 46.74M | 43.08M | 22.79M | 18.03M | 21.69M | 13.82M |
| Current Ratio | 3.40x | 3.38x | 2.64x | 3.17x | 3.09x | 3.54x | 5.77x | 4.51x | 1.09x | 1.75x |
| Quick Ratio | 3.40x | 3.38x | 2.64x | 3.17x | 3.09x | 3.54x | 5.77x | 4.51x | 1.09x | 1.75x |
| Cash Conversion Cycle | -17.23 | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 1.31B | 1.32B | 1.21B | 907.67M | 834.6M | 810.89M | 635.01M | 55.46M | 143.56M | 145.51M |
| Long-Term Debt | 1.24B | 1.24B | 979.28M | 742.24M | 738.85M | 735.48M | 575.86M | 0 | 140.81M | 140.81M |
| Capital Lease Obligations | 760.23M | 256.19M | 196.91M | 138.13M | 76.58M | 52.11M | 51.43M | 48.51M | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 64.24M | -244.3M | 9.38M | 6.09M | 6.23M | 9.41M | 4.26M | 2.61M | 142.16M | 141.69M |
| Total Liabilities | 2.96B | 2.91B | 3.07B | 1.91B | 1.59B | 1.34B | 932.85M | 255.7M | 255.79M | 202.76M |
| Total Debt | 1.29B | 1.54B | 1.84B | 902.34M | 837.52M | 807.75M | 643.62M | 60.43M | 0 | 0 |
| Net Debt | 858.69M | 1.13B | 595.2M | 572M | 498.54M | 536.77M | 418.7M | -536.87M | -53.64M | -60.02M |
| Debt / Equity | 0.32x | 0.41x | 0.68x | 0.45x | 0.59x | 0.78x | 0.67x | 0.08x | - | - |
| Debt / EBITDA | 17.64x | 19.64x | 11.42x | 17.97x | 212.73x | 213.58x | 53.09x | - | - | - |
| Net Debt / EBITDA | 11.79x | 14.51x | 3.69x | 11.39x | 126.63x | 141.93x | 34.53x | - | - | - |
| Interest Coverage | 4.46x | 12.49x | 29.85x | 10.56x | -1.30x | 0.12x | 0.27x | - | - | - |
| Total Equity | 3.99B | 3.73B | 2.71B | 2.03B | 1.41B | 1.04B | 957.43M | 782.34M | -76.04M | -75.7M |
| Equity Growth % | 137.8% | 37.5% | 34.02% | 43.59% | 35.47% | 8.75% | 22.38% | 1128.84% | -0.45% | - |
| Book Value per Share | 10.93 | 10.27 | 7.57 | 5.78 | 4.47 | 3.37 | 3.19 | 5.59 | -1.07 | -0.95 |
| Total Shareholders' Equity | 3.99B | 3.73B | 2.71B | 2.03B | 1.41B | 1.04B | 957.43M | 782.34M | -76.04M | -75.7M |
| Common Stock | 3K | 3K | 3K | 3K | 3K | 3K | 3K | 3K | 0 | 0 |
| Retained Earnings | 190.36M | 137.79M | 30.05M | -153.7M | -202.27M | -152.11M | -148.16M | -123.62M | -106.91M | -95.37M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -3.42M | 15.4M | -4.7M | -2.22M | -12.42M | -3.83M | 2.29M | 133K | 31K | -48K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
High stock-based compensation dilution
According to reported financial statements, Datadog's total assets grew from $3.9 billion in 2023Q4 to $7.0 billion by 2026Q1, reflecting an aggressive expansion strategy that appears to be increasingly funded by liabilities rather than purely through retained earnings or equity issuance.
The rapid growth in the asset base suggests a scaling of infrastructure and operational footprint, yet the concurrent rise in liabilities warrants caution regarding the long-term sustainability of this capital structure. Investors should monitor whether this asset accumulation translates into commensurate revenue growth or if it signals an over-extension of the balance sheet.
Based on the latest quarterly filings, Datadog maintains a debt-to-equity ratio of 0.32 as of 2026Q1, which, while elevated from historical lows, suggests that management is utilizing moderate leverage to support its ongoing operational expansion without over-burdening the company's capital structure.
The company's debt profile appears to be a strategic choice to fuel growth rather than a necessity-driven reliance on external financing. However, the fluctuation in debt levels over the last ten quarters indicates that the company remains sensitive to capital market conditions and potential refinancing requirements.
As reported in recent SEC filings, Datadog's cash position dropped to $426.4 million in 2026Q1 from a peak of $1.2 billion in 2024Q4, indicating a significant shift in liquidity management that may reflect recent capital allocation decisions or increased operational cash outflows.
While the current ratio of 3.40 remains healthy, the sharp decline in absolute cash reserves suggests that the company's liquidity buffer is less robust than it was in previous periods. This trend warrants further investigation to determine if the cash reduction is a temporary anomaly or a structural change in treasury strategy.
Based on the provided balance sheet data, Datadog's retained earnings have improved from a deficit of $153.7 million in 2023Q4 to a positive $190.4 million in 2026Q1, signaling a slow but steady transition toward internal capital generation despite persistent stock-based compensation pressures.
The shift to positive retained earnings is a positive indicator of the company's maturing business model, yet the reliance on equity-based incentives continues to dilute the quality of this growth. Investors should remain cautious about the extent to which this equity improvement is driven by operational success versus accounting adjustments.
According to the latest financial data, deferred revenue reached $1.2 billion in 2026Q1, representing a significant portion of the company's liabilities and highlighting the inherent risk that future consumption-based revenue may not materialize as expected if enterprise cloud spending patterns shift.
This deferred revenue figure serves as a critical, yet potentially misleading, indicator of future performance because it does not fully account for the volatility of usage-based billing. The reliance on this metric may obscure the underlying sensitivity of the business to customer-led cloud optimization efforts.
Quick answers to the most common questions about buying DDOG stock.
As of 2025, Datadog, Inc. (DDOG) had total assets of $6.64B including $5.38B in current assets.
Datadog, Inc. (DDOG) carries total debt of $1.54B, offset by $4.47B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Datadog, Inc. (DDOG) has total shareholders' equity (book value) of $3.73B ($10.27 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Datadog, Inc. (DDOG) reported a current ratio of 3.38x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.