Stock Analysis on Net
Stock Analysis on Net

Datadog Inc. (NASDAQ:DDOG)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

Datadog Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

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Jun 30, 2026 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
Accounts payable 4.15 2.51 2.24 2.23 3.41 1.64 1.86 1.99 2.63 1.55 2.23 2.41 1.45 1.32 0.78 0.99 1.80 0.74 1.06 1.58 1.41 0.62
Accrued expenses and other current liabilities 3.05 3.00 3.15 2.89 2.54 2.30 2.20 2.60 2.37 2.84 3.24 2.87 3.83 4.73 5.70 5.23 4.21 4.28 4.67 3.88 3.40 3.51
Operating lease liabilities, current 0.59 0.60 0.59 0.59 0.69 0.57 0.55 0.59 0.56 0.57 0.56 0.53 0.57 0.65 0.74 0.78 0.84 0.80 0.85 0.89 0.80 0.85
Convertible senior notes, net, current 0.00 0.00 0.00 0.00 0.00 10.56 10.96 16.08 16.86 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
Deferred revenue, current 17.05 17.71 17.97 16.10 16.60 15.79 16.63 17.18 18.17 18.53 19.45 17.96 17.13 17.91 18.07 17.11 16.74 17.98 15.62 13.72 12.74 11.46
Current liabilities 24.84% 23.82% 23.95% 21.82% 23.24% 30.86% 32.20% 38.44% 40.59% 23.49% 25.48% 23.78% 22.99% 24.62% 25.28% 24.11% 23.58% 23.80% 22.21% 20.06% 18.35% 16.43%
Operating lease liabilities, non-current 3.29 3.73 3.86 4.31 4.18 3.79 3.40 4.25 4.39 4.61 3.51 3.61 3.79 2.75 2.55 2.75 1.95 2.05 2.19 2.42 2.04 2.39
Convertible senior notes, net, non-current 13.06 14.16 14.80 16.23 16.85 16.31 16.93 0.00 0.00 17.94 18.86 20.92 22.36 23.56 24.59 26.38 27.77 29.11 30.89 33.48 35.33 37.55
Deferred revenue, non-current 0.67 0.73 1.03 0.48 0.51 0.36 0.39 0.40 0.32 0.63 0.54 0.49 0.83 0.72 0.43 0.34 0.55 0.51 0.58 0.15 0.06 0.29
Other liabilities 0.28 0.19 0.18 0.34 0.33 0.15 0.16 0.14 0.14 0.15 0.15 0.22 0.23 0.20 0.21 0.33 0.38 0.37 0.40 0.25 0.25 0.24
Non-current liabilities 17.30% 18.81% 19.87% 21.36% 21.87% 20.61% 20.88% 4.79% 4.85% 23.33% 23.06% 25.24% 27.22% 27.22% 27.78% 29.80% 30.65% 32.04% 34.06% 36.30% 37.69% 40.47%
Total liabilities 42.14% 42.63% 43.82% 43.18% 45.11% 51.47% 53.08% 43.23% 45.44% 46.82% 48.54% 49.02% 50.20% 51.84% 53.06% 53.91% 54.22% 55.84% 56.27% 56.37% 56.04% 56.90%
Class A common stock, $0.00001 par value per share 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 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Class B common stock, $0.00001 par value per share 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 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Additional paid-in capital 54.84 54.68 53.87 55.11 53.76 47.60 46.48 56.83 56.30 56.05 55.42 57.24 57.12 55.55 54.09 53.19 52.02 50.29 50.28 50.90 51.32 50.46
Accumulated other comprehensive income (loss) -0.09 -0.05 0.23 0.20 0.14 0.02 -0.08 0.27 -0.22 -0.19 -0.06 -0.39 -0.37 -0.18 -0.41 -0.91 -0.70 -0.50 -0.16 -0.01 0.04 0.04
Retained earnings (accumulated deficit) 3.11 2.74 2.07 1.51 0.98 0.91 0.52 -0.34 -1.52 -2.68 -3.90 -5.86 -6.95 -7.21 -6.73 -6.19 -5.55 -5.63 -6.39 -7.26 -7.41 -7.40
Stockholders’ equity 57.86% 57.37% 56.18% 56.82% 54.89% 48.53% 46.92% 56.77% 54.56% 53.18% 51.46% 50.98% 49.80% 48.16% 46.94% 46.09% 45.78% 44.16% 43.73% 43.63% 43.96% 43.10%
Total liabilities and stockholders’ equity 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% 100.00%

Based on: 10-Q (reporting date: 2026-06-30), 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 capital structure exhibits a systemic transition from a liability-funded model toward a stronger equity position. Total liabilities decreased from 56.90% of total liabilities and stockholders’ equity in March 2021 to 42.14% by June 2026. Conversely, stockholders’ equity grew from 43.10% to 57.86% over the same period, indicating a reduction in financial leverage and an increase in the company's net asset base.

Debt and Long-Term Obligations
A significant contraction is observed in non-current liabilities, which fell from 40.47% in March 2021 to 17.30% by June 2026. This trend is primarily driven by the decline in convertible senior notes, which dropped from 37.55% to 13.06%. A notable volatility occurred between June 2024 and March 2025, where a portion of these notes was reclassified as current liabilities, peaking at 16.86% in June 2024 before decreasing again, reflecting the approaching maturity or conversion of the debt instruments.
Current Liability Dynamics
Deferred revenue remains a substantial and stable component of current liabilities, generally fluctuating between 11% and 19%. This suggests a consistent stream of prepaid customer obligations characteristic of a subscription-based revenue model. Other current liabilities, such as accrued expenses, showed a gradual downward trend from a peak of 5.70% in December 2022 to 3.05% by June 2026, contributing to a leaner short-term liability profile.
Equity and Retained Earnings
A critical shift is evident in the retained earnings account, which transitioned from an accumulated deficit of -7.40% in March 2021 to a positive surplus of 3.11% by June 2026. This reversal signifies a move from cumulative losses to sustained profitability. Additional paid-in capital remained the dominant equity component, maintaining a range between 50% and 57%, which underscores the significant role of external equity financing in supporting the balance sheet.

Overall, the financial position is characterized by a strategic deleveraging process and an improvement in organic capital generation. The combination of decreasing long-term debt and the elimination of the accumulated deficit indicates a strengthening of the solvency profile and an increased capacity for internal funding.

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