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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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 6.04 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 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 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 1.14 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 1.36 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 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 5.09 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 3.23 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 7.99 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 0.23 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 1.91 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 0.11 0.11 0.12 0.14 0.15 0.16 0.18 0.19
Other assets 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 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%

Based on: 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 composition of assets for the analyzed entity exhibits several notable shifts over the observed period, spanning from March 31, 2021, to December 31, 2025. A significant portion of assets consistently resides in marketable securities and cash equivalents, though their relative proportions fluctuate. Accounts receivable also represents a substantial and growing component of current assets. Non-current assets, particularly goodwill and deferred contract costs, demonstrate considerable changes throughout the period.

Cash and Cash Equivalents
The percentage of total assets held as cash and cash equivalents decreased from 18.94% in March 2021 to a low of 6.04% in December 2025. There were interim increases, notably reaching 11.28% in December 2021 and 21.55% in December 2024, but the overall trend is downward. This suggests a potential shift in capital allocation strategies, possibly involving increased investment in other asset classes or operational expenditures.
Marketable Securities
Marketable securities consistently represent the largest single asset component, ranging from 51.43% to 60.36% of total assets. The proportion generally decreased from 60.36% in March 2021 to 58.77% in June 2025, with a notable dip to 50.85% in December 2024. This movement correlates inversely with the fluctuations in cash and cash equivalents, indicating a potential rebalancing of liquid assets.
Accounts Receivable
Accounts receivable, net of allowance for credit losses, demonstrates a consistent upward trend as a percentage of total assets, increasing from 7.89% in March 2021 to 11.16% in December 2025. This growth suggests an increase in credit sales or potentially lengthening collection periods. The increase is relatively steady, indicating a consistent pattern rather than a sudden change.
Goodwill
Goodwill experienced a substantial decline as a percentage of total assets, decreasing from 12.46% in June 2021 to 6.23% in December 2024, before a slight recovery to 7.99% in December 2025. This decrease could be attributed to impairment charges or a change in acquisition strategy. The initial decline is particularly pronounced, suggesting a significant reassessment of asset values.
Deferred Contract Costs
Both current and non-current deferred contract costs show an increasing trend over the period. Current deferred contract costs increased from 0.79% to 1.14%, while non-current deferred contract costs rose from 1.43% to 1.91%. This suggests a growing volume of contracted services yet to be fulfilled, potentially indicating future revenue recognition. The consistent growth in both categories suggests a deliberate strategy of securing future business.
Property and Equipment & Operating Lease Assets
Property and equipment, net, and operating lease assets both show modest increases over the period. Property and equipment increased from 2.71% to 5.09%, while operating lease assets increased from 2.72% to 3.23%. These increases suggest a moderate investment in long-term operational capacity. The growth is less dramatic than that of accounts receivable or the decline in goodwill.

Overall, the asset composition demonstrates a shift away from highly liquid assets (cash and marketable securities) towards accounts receivable and deferred contract costs. The significant decline in goodwill warrants further investigation. The relatively stable proportion of property and equipment and operating lease assets suggests a consistent, moderate investment in long-term assets.

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