Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Datadog Inc., consolidated balance sheet: assets

US$ in thousands

	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash and cash equivalents	401,305)	1,246,983)	330,339)	338,985)	270,973)
Marketable securities	4,073,531)	2,942,076)	2,252,559)	1,545,341)	1,283,473)
Accounts receivable, net of allowance for credit losses	741,262)	598,919)	509,279)	399,551)	268,824)
Deferred contract costs, current	76,022)	56,095)	44,938)	33,054)	23,235)
Prepaid expenses and other current assets	90,160)	67,042)	41,022)	27,303)	24,443)
Current assets	5,382,280)	4,911,115)	3,178,137)	2,344,234)	1,870,948)
Property and equipment, net	338,093)	226,970)	171,872)	125,346)	75,152)
Operating lease assets	214,674)	172,512)	126,562)	87,629)	61,355)
Goodwill	530,568)	360,381)	352,694)	348,277)	292,176)
Intangible assets, net	14,968)	3,711)	9,617)	16,365)	15,704)
Deferred contract costs, non-current	126,708)	86,573)	73,728)	55,338)	42,062)
Restricted cash	—)	—)	—)	3,303)	3,490)
Other assets	36,553)	24,077)	23,462)	24,360)	19,907)
Non-current assets	1,261,564)	874,224)	757,935)	660,618)	509,846)
Total assets	6,643,844)	5,785,339)	3,936,072)	3,004,852)	2,380,794)

Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).

Total assets experienced substantial growth over the five-year period, increasing from US$2,380,794 thousand in 2021 to US$6,643,844 thousand in 2025. This growth was primarily driven by increases in both current and non-current assets. A significant surge in cash and marketable securities contributed heavily to the asset expansion, particularly in 2024 and 2025.

Cash and Marketable Securities: Cash and cash equivalents demonstrated volatility, initially increasing from 2021 to 2022, then decreasing slightly in 2023, before experiencing a dramatic increase in 2024. This was followed by a decrease in 2025, though remaining significantly higher than in prior years. Marketable securities exhibited consistent growth throughout the period, more than doubling from 2021 to 2025, indicating a strategic shift towards liquid investments.
Current Assets: Current assets increased steadily from 2021 to 2025, reflecting growth in accounts receivable, deferred contract costs, and prepaid expenses. Accounts receivable showed consistent growth, suggesting increasing sales and potentially evolving credit terms. Deferred contract costs also increased each year, potentially indicating a growing backlog of contracted revenue. Prepaid expenses and other current assets also showed a consistent upward trend, though from a smaller base.
Non-Current Assets: Non-current assets also experienced consistent growth, albeit at a slower pace than current assets until 2025. Property and equipment, net, and operating lease assets both increased steadily, suggesting investment in long-term operational capacity. Goodwill increased moderately from 2021 to 2023, then showed a more substantial increase in 2025. Intangible assets, net, decreased significantly between 2021 and 2024, before increasing again in 2025. Deferred contract costs, non-current, followed a similar pattern to the current portion, increasing each year.

The composition of assets shifted over the period. While in 2021 current assets represented approximately 79% of total assets, this proportion decreased to approximately 72% in 2025, as non-current assets grew at a faster rate. This suggests a potential move towards a more capital-intensive business model or increased investment in long-term growth initiatives.

Restricted Cash and Other Assets: Restricted cash remained relatively stable between 2021 and 2022, and was not reported in subsequent years. Other assets showed a modest increase over the period, indicating a relatively stable contribution to the overall asset base.

Datadog Inc. (NASDAQ:DDOG)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items