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.

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Datadog Inc., consolidated balance sheet: assets

US$ in thousands

		Dec 31, 2024		Dec 31, 2023		Dec 31, 2022		Dec 31, 2021		Dec 31, 2020
	Cash and cash equivalents
	Marketable securities
	Accounts receivable, net of allowance for credit losses
	Deferred contract costs, current
	Prepaid expenses and other current assets
	Current assets
	Property and equipment, net
	Operating lease assets
	Goodwill
	Intangible assets, net
	Deferred contract costs, non-current
	Restricted cash
	Other assets
	Non-current assets
	Total assets

Based on: 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), 10-K (reporting date: 2020-12-31).

The financial data reveals several significant trends in asset composition and growth over the analyzed five-year period.

Cash and Cash Equivalents: This category shows a marked increase from US$224.9 million in 2020 to approximately US$1.25 billion in 2024. The most notable growth occurs between 2023 and 2024, indicating a substantial improvement in liquidity or cash reserves during the latest year.
Marketable Securities: Marketable securities demonstrate consistent growth from roughly US$1.29 billion in 2020 to about US$2.94 billion by the end of 2024. The growth rate accelerates especially from 2022 onward, signaling increased investment in liquid securities.
Accounts Receivable, Net: Accounts receivable nearly quadruple over the period, rising from US$163.4 million in 2020 to approximately US$599 million in 2024. This indicates rising revenue activity but also suggests a need to monitor collection efficiency as receivables accumulate.
Deferred Contract Costs (Current and Non-current): Both current and non-current deferred contract costs display steady increases, with current deferred costs rising from about US$13.6 million in 2020 to US$56.1 million in 2024, and non-current from US$26.8 million to US$86.6 million over the same timeframe. This pattern reflects ongoing investments in contract-related expenses expected to be amortized in the future.
Prepaid Expenses and Other Current Assets: These assets increase from US$23.6 million in 2020 to US$67 million in 2024, indicating higher upfront payments or other current asset accumulations, which could be related to business scaling.
Current Assets: Aggregate current assets exhibit strong growth, rising from about US$1.72 billion in 2020 to nearly US$4.91 billion by 2024. The pace of increase accelerates notably after 2022, suggesting substantial enhancements in short-term asset holdings.
Property and Equipment, Net: For fixed assets, there is consistent investment reflected by growth from roughly US$47.2 million in 2020 to US$227 million in 2024. This steady upward trend indicates ongoing capital expenditure and expansion of physical infrastructure.
Operating Lease Assets: Operating lease assets grow more than threefold from about US$57.8 million in 2020 to US$172.5 million in 2024, suggesting expanded lease agreements for operational premises or equipment.
Goodwill: Goodwill shows a significant jump between 2020 and 2021, from US$17.6 million to US$292.2 million, indicative of a major acquisition or revaluation during that period. Subsequent years show marginal increases, stabilizing around US$360 million by 2024.
Intangible Assets, Net: Intangible assets peak in 2021 and 2022 near US$16 million but decline thereafter to US$3.7 million by 2024, suggesting amortization or impairment of intangible assets over the final years.
Restricted Cash: Restricted cash remains relatively stable but is noted only through 2022 at low levels around US$3.5 million, with no data reported thereafter, which may imply reclassification or depletion.
Other Assets: Other assets gradually increase from US$17 million in 2020 to approximately US$24.1 million in 2024, showing modest growth relative to other asset categories.
Non-current Assets: Total non-current assets grow significantly from US$172.2 million in 2020 to US$874.2 million in 2024. This reflects substantial investment in long-term assets including property, lease assets, goodwill, and deferred costs.
Total Assets: Total assets increase from roughly US$1.89 billion in 2020 to nearly US$5.79 billion at the end of 2024. The growth trajectory is steady but accelerates in the final two years, suggesting an expansion phase with increased asset acquisition and investment.

In summary, the company exhibits robust growth in both current and non-current assets throughout the period, driven by increases in cash reserves, marketable securities, receivables, and long-term investments in property and intangible assets. The sharp rise in goodwill between 2020 and 2021 highlights significant acquisition activity. The overall asset base more than triples over five years, signaling expansion and possibly increased operational capacity or market presence.

Assets: Selected Items

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Current Assets: Selected Items