Stock Analysis on Net
Stock Analysis on Net

Datadog Inc. (NASDAQ:DDOG)

Common-Size Balance Sheet: Assets 
Quarterly Data

Datadog Inc., common-size consolidated balance sheet: assets (quarterly data)

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Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021
Cash and cash equivalents 6.13 6.04 8.93 8.40 17.97 21.55 7.29 9.31 6.81 8.39 7.37 8.79 7.09 11.28 10.54 9.00 10.74 11.38 13.08 11.91 18.94
Marketable securities 62.32 61.31 59.48 58.77 56.07 50.85 61.78 57.77 60.34 57.23 58.71 57.18 57.18 51.43 52.60 55.18 55.33 53.91 53.79 55.99 60.36
Accounts receivable, net of allowance for credit losses 9.79 11.16 9.08 10.38 8.16 10.35 10.52 12.09 10.89 12.94 11.31 10.06 11.69 13.30 12.47 11.51 10.89 11.29 10.24 9.07 7.89
Deferred contract costs, current 1.18 1.14 1.11 1.07 0.98 0.97 1.13 1.12 1.12 1.14 1.12 1.13 1.11 1.10 1.07 1.03 0.98 0.98 0.91 0.85 0.79
Prepaid expenses and other current assets 1.50 1.36 1.34 1.16 1.29 1.16 1.11 1.11 1.32 1.04 1.05 1.33 1.38 0.91 1.13 1.25 1.29 1.03 1.12 1.27 1.51
Current assets 80.91% 81.01% 79.94% 79.77% 84.46% 84.89% 81.82% 81.41% 80.49% 80.74% 79.57% 78.50% 78.45% 78.01% 77.80% 77.97% 79.23% 78.59% 79.13% 79.09% 89.49%
Property and equipment, net 5.45 5.09 5.08 4.86 4.16 3.92 4.66 4.51 4.40 4.37 4.45 4.38 4.41 4.17 3.96 3.68 3.59 3.16 3.14 2.91 2.71
Operating lease assets 3.07 3.23 3.61 3.70 3.38 2.98 3.64 3.78 4.18 3.22 3.44 3.69 3.02 2.92 3.18 2.41 2.45 2.58 2.82 2.37 2.72
Goodwill 7.78 7.99 8.76 9.12 6.02 6.23 7.62 7.95 8.49 8.96 9.84 10.57 11.10 11.59 11.89 12.61 11.55 12.27 11.66 12.46 2.48
Intangible assets, net 0.21 0.23 0.28 0.30 0.04 0.06 0.10 0.13 0.18 0.24 0.29 0.37 0.45 0.54 0.56 0.68 0.56 0.66 0.58 0.57 0.17
Deferred contract costs, non-current 1.96 1.91 1.75 1.64 1.51 1.50 1.73 1.75 1.76 1.87 1.78 1.83 1.80 1.84 1.79 1.76 1.69 1.77 1.62 1.52 1.43
Restricted cash 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.11 0.11 0.12 0.14 0.15 0.16 0.18 0.19
Other assets 0.62 0.55 0.58 0.61 0.44 0.42 0.44 0.47 0.49 0.60 0.63 0.66 0.77 0.81 0.71 0.77 0.81 0.84 0.89 0.91 0.82
Non-current assets 19.09% 18.99% 20.06% 20.23% 15.54% 15.11% 18.18% 18.59% 19.51% 19.26% 20.43% 21.50% 21.55% 21.99% 22.20% 22.03% 20.77% 21.41% 20.87% 20.91% 10.51%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).

The asset composition is characterized by a high concentration of liquid assets, with current assets consistently comprising between 77% and 85% of the total asset base throughout the analyzed period. This structure indicates a highly liquid balance sheet with minimal reliance on long-term physical assets.

Liquidity and Cash Management
Marketable securities represent the primary asset component, generally fluctuating between 50% and 62% of total assets. Cash and cash equivalents exhibit notable volatility, reaching a peak of 21.55% in December 2024 before contracting to approximately 6.13% by March 2026. The combined weight of cash and marketable securities typically exceeds 65% of total assets, reflecting a conservative and highly liquid financial position.
Working Capital Trends
Accounts receivable, net of allowance, show a general range between 8% and 13%, peaking at 13.30% in December 2022. A gradual decline is observed toward the end of the period, reaching 9.79% by March 2026. Deferred contract costs and prepaid expenses remain relatively stable and nominal, collectively representing a small fraction of total assets, which suggests efficient management of short-term operational prepayments.
Non-Current Asset Evolution
Non-current assets transitioned from an initial 10.51% in March 2021 to a stabilized range of approximately 19% to 20% in later periods. A significant increase in goodwill occurred between March and June 2021, jumping from 2.48% to 12.46%, suggesting a major acquisition. This proportion gradually declined to 7.78% by March 2026, likely due to the growth of the total asset base. Property and equipment, net, demonstrate a steady upward trend, increasing from 2.71% to 5.45%, indicating a progressive investment in physical infrastructure.
Other Long-Term Components
Operating lease assets remained relatively stable, fluctuating between 2.37% and 4.18%. Deferred contract costs in the non-current category show a slight increase over time, rising from 1.43% to 1.96%, pointing toward a steady increase in long-term capitalized contract costs.

Overall, the financial structure reveals a strategic preference for liquidity over fixed asset accumulation. While there is a modest trend toward increasing investments in property and equipment, the balance sheet remains dominated by cash-equivalent instruments, providing significant financial flexibility.

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