Stock Analysis on Net

Datadog Inc. (NASDAQ:DDOG)

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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

US$ in thousands

Microsoft Excel
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
Accrued expenses and other current liabilities
Operating lease liabilities, current
Convertible senior notes, net, current
Deferred revenue, current
Current liabilities
Operating lease liabilities, non-current
Convertible senior notes, net, non-current
Deferred revenue, non-current
Other liabilities
Non-current liabilities
Total liabilities
Class A common stock, $0.00001 par value per share
Class B common stock, $0.00001 par value per share
Additional paid-in capital
Accumulated other comprehensive income (loss)
Retained earnings (accumulated deficit)
Stockholders’ equity
Total liabilities and stockholders’ equity

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 liabilities and stockholders’ equity of the company demonstrate significant changes over the observed period, from March 31, 2021, to December 31, 2025. Total liabilities increased substantially throughout the period, with a particularly notable surge in the latter half of 2024. Stockholders’ equity also experienced growth, though at a less dramatic pace than liabilities, especially when considering the impact of the convertible notes.

Current Liabilities
Current liabilities exhibited a general upward trend, increasing from US$320.814 million in March 2021 to US$1,790.879 million in June 2024. This increase was primarily driven by a substantial rise in deferred revenue and accounts payable. However, a significant decrease was observed in the latter half of 2024, falling to US$1,353.192 million by September 2025. Deferred revenue consistently represents the largest component of current liabilities, growing from US$223.647 million to US$1,193.646 million over the period. Accounts payable also showed considerable volatility, peaking at US$198.767 million in June 2025.
Non-Current Liabilities
Non-current liabilities also increased over the period, though with more stability than current liabilities. The most significant component of non-current liabilities is convertible senior notes, net, which constituted the majority of this category. These notes remained relatively stable until the end of 2024, when they decreased significantly. Operating lease liabilities, non-current, showed a moderate increase throughout the period. Overall, non-current liabilities rose from US$789.930 million in March 2021 to US$1,320.237 million in December 2025.
Stockholders’ Equity
Stockholders’ equity demonstrated consistent growth, increasing from US$841.330 million in March 2021 to US$3,732.206 million in December 2025. The primary driver of this growth was an increase in additional paid-in capital, which more than doubled over the period. Retained earnings, while initially negative, became positive in September 2024 and continued to grow. Accumulated other comprehensive income (loss) fluctuated, ending with a positive balance in December 2025.
Total Liabilities and Stockholders’ Equity
The combined effect of these changes resulted in a substantial increase in total liabilities and stockholders’ equity, rising from US$1,952.074 million in March 2021 to US$6,643.844 million in December 2025. The significant increase in liabilities, particularly in 2024, contributed to a higher proportion of liabilities relative to equity in the later periods. The large increase in convertible senior notes in the latter part of the period significantly impacted the overall liability structure.

The company’s financial structure has evolved considerably, with a notable increase in both liabilities and equity. The substantial growth in deferred revenue suggests strong revenue recognition potential, while the increase in accounts payable may indicate increased purchasing activity. The fluctuations in convertible senior notes warrant further investigation to understand the company’s financing strategies and potential dilution effects.