Datadog (DDOG) FY2025 10-K Annual Report
Datadog (DDOG) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 18, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Datadog FY2025 10-K Analysis
Business Overview
- • Core business: Cloud-based monitoring and analytics platform for IT infrastructure and applications
- • New emphasis on AI-native customer cohort driving ~7 percentage points of year-over-year revenue growth in Q4 2025
- • Strategic focus on expanding sales/marketing teams domestically and internationally to increase customer base and market acceptance
- • Security breach incident in April 2025 involving unauthorized access to source code repositories, leading to increased cybersecurity risk
- • History of operating losses with prior fiscal year 2022 net loss of $50.2 million despite recent periods of profitability and growth initiatives
Management Discussion & Analysis
- • Revenue $3,427.2M in FY2025, up 28% YoY from $2,684.3M in FY2024
- • Net income $107.7M in FY2025 vs $183.7M in FY2024; operating margin not explicitly stated
- • Operating cash flow $1,050.1M and free cash flow $914.7M in FY2025, both increased from prior year
- • Best segment overall: subscription software sales driving majority of revenue; no breakdown given for worst segment
- • Management notes economic uncertainty risks including inflation, interest rates, trade policies, Ukraine and Middle East conflicts impacting future growth
Risk Factors
- • Regulatory risk: Full valuation allowance on U.S. federal and state deferred tax assets, signaling uncertainty in tax asset realization under current tax laws
- • Macroeconomic risk: 29% of revenue from outside North America, with ongoing investments in EMEA and APAC that may impact near-term operating results
- • Operational risk: Cost of third-party cloud infrastructure increased $149.8 million in 2025, reducing gross margin by 1% versus 2024
- • Competitive risk: Expansion of product adoption critical amid competition, with 55% of customers using 4+ products as of 2025, up from 50% in 2024
- • Financial risk: $1.0 billion principal 2029 Notes with $979.1 million net proceeds issued in Dec 2024, creating significant fixed obligations and repayment risk
Datadog FY2025 Key Financial MetricsXBRL
Revenue
$3.4B
▲ +27.7% YoY
Net Income
$108M
▼ -41.4% YoY
Gross Margin
80.0%
▼ -84bp YoY
Operating Margin
-1.3%
▼ -332bp YoY
Net Margin
3.1%
▼ -370bp YoY
ROE
2.9%
▼ -388bp YoY
Total Assets
$6.6B
▲ +14.8% YoY
EPS (Diluted)
$0.31
▼ -40.4% YoY
Operating Cash Flow
$1.1B
▲ +20.6% YoY
Source: XBRL data from Datadog FY2025 10-K filing on SEC EDGAR. All figures in USD.
Get deeper insights on Datadog
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.