Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
Datadog Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
Based on: 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
- Current liabilities
- Current liabilities as a proportion of total liabilities and stockholders’ equity showed an overall increasing trend from 19.75% in March 2020 to a peak above 40% in mid-2024, followed by a decline to approximately 22% by late 2025. This suggests an initial accumulation of short-term obligations, which later reduced towards the end of the period.
- Accounts payable
- Accounts payable remained relatively stable but low compared to total liabilities and equity, fluctuating mostly between 1% and 2.5%, with notable spikes in late 2023 and mid-2025. The low percentage indicates it is a moderate component of current liabilities.
- Accrued expenses and other current liabilities
- This category fluctuated broadly between around 2.2% and 5.7%, with a peak near the end of 2022 followed by a general decline heading into 2025, indicating variable short-term operational liabilities that generally decreased over time.
- Operating lease liabilities
- Both current and non-current operating lease liabilities displayed a downward trend initially, with current lease liabilities declining steadily from 1.26% in early 2020 to just below 0.6% by 2025, and non-current lease liabilities decreasing from over 4% in early 2020 to about 3-4% in 2025. This pattern may reflect lease terminations or lease accounting changes that reduced lease obligations.
- Convertible senior notes
- Non-current convertible senior notes started high at around 31-37% of total liabilities and equity in 2020-2021, but showed a consistent declining trend to roughly 16-17% by 2025. Current convertible notes appeared later, in 2023-2025, rising to a peak near 17% before falling again. This indicates debt refinancing, repayments, or reclassification movements reducing long-term debt while short-term convertible debt emerged temporarily.
- Deferred revenue
- Deferred revenue, both current and non-current, represented a significant and increasing component of liabilities. Current deferred revenue grew from about 9-13% in 2020 to almost 20% by late 2021-early 2023, after which it stabilized around 16% to 18%. Non-current deferred revenue remained minor, less than 1%, with slight fluctuations. The increasing deferred revenue points to growing upfront payments or subscriptions, reflecting improving business intake.
- Non-current liabilities
- The proportion of non-current liabilities initially surged from about 5% in early 2020 to over 40% by early 2021, driven primarily by convertible senior notes. However, from 2022 onwards, non-current liabilities sharply declined to a low below 5% around mid-2024 before recovering again toward 21% by late 2025, indicating significant changes in the long-term liability structure including debt paydowns and possibly reclassifications.
- Total liabilities
- Total liabilities increased substantially from about 25% in early 2020, peaking near 57% in 2021, then gradually decreased to approximately 43% by 2025. The data shows high leverage in 2020-2021 with subsequent deleveraging or equity growth reducing the relative liability component later.
- Stockholders’ equity
- Stockholders’ equity represented the majority share of total liabilities and equity throughout the periods, starting around 75% in early 2020, declining to about 43% in early 2021 concurrent with rising liabilities, and then steadily increasing back to nearly 57% by late 2025. This trend reflects equity strengthening or liability reduction improving the company’s net position over time.
- Additional paid-in capital
- Additional paid-in capital showed a decline from 86% in early 2020 to around 50-55% in the mid periods, followed by gradual recovery to above 55% later. This suggests fluctuations in capital contributions or stock-based transactions relative to total equity.
- Retained earnings (accumulated deficit)
- Initially negative and worsening deficit positions were observed from 2020 to around 2023, with an improvement trend starting mid-2023 toward slight positive retained earnings by 2025. This reflects progressing profitability or earnings retention improving accumulated earnings over the period.
- Accumulated other comprehensive income (loss)
- This item remained near zero with small fluctuations, generally negative in the earlier period, recovering closer to neutral or mildly positive towards the end, indicating minor impact on overall equity.
- Other liabilities
- Other liabilities remained consistently low, below 0.5% of total liabilities and equity, with no significant changes.