Debt to Equity
since 2019
Calculation
Datadog Inc., debt to equity, long-term trends, calculation
| Debt to equity | = | Convertible senior notes, net1 | ÷ | Stockholders’ equity1 | |
|---|---|---|---|---|---|
| Dec 31, 2024 | 0.59 | = | 1,613,305) | ÷ | 2,714,363) |
| Dec 31, 2023 | 0.37 | = | 742,235) | ÷ | 2,025,354) |
| Dec 31, 2022 | 0.52 | = | 738,847) | ÷ | 1,410,505) |
| Dec 31, 2021 | 0.71 | = | 735,482) | ÷ | 1,041,203) |
| Dec 31, 2020 | 0.60 | = | 575,864) | ÷ | 957,432) |
| Dec 31, 2019 | 0.00 | = | —) | ÷ | 782,341) |
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), 10-K (reporting date: 2019-12-31).
1 US$ in thousands
The financial data presented reveals notable trends in the company's capital structure and equity over the period analyzed.
- Convertible senior notes, net
- The balance of convertible senior notes increased significantly from 2019 through 2024. Beginning with no reported amount in 2019, the notes rose to approximately $575.9 million in 2020, followed by a consistent upward trajectory reaching over $1.6 billion by the end of 2024. This indicates an increasing reliance on convertible debt financing over the years, with a particularly sharp increase between 2023 and 2024.
- Stockholders’ equity
- Stockholders’ equity demonstrated steady and substantial growth throughout the six-year period. Starting at approximately $782.3 million in 2019, equity increased sharply each year, reaching around $2.7 billion by 2024. This growth suggests successful retention of earnings, capital infusions, or an overall increase in net assets, contributing to a stronger equity base.
- Debt to equity ratio
- The debt to equity ratio showed fluctuations over the years, starting at 0.6 in 2020, increasing to 0.71 in 2021, then declining to a low of 0.37 in 2023 before rising again to 0.59 in 2024. These changes indicate varying levels of leverage, with an overall trend towards reduced leverage from 2021 to 2023, followed by a moderate increase in leverage in the latest period. The ratio's volatility reflects the company’s dynamic balance between debt and equity financing.
Comparison to Competitors
Datadog Inc., debt to equity, long-term trends, comparison to competitors
| Datadog Inc. | Accenture PLC | Adobe Inc. | Cadence Design Systems Inc. | CrowdStrike Holdings Inc. | Fair Isaac Corp. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 31, 2024 | 0.59 | 0.04 | 0.40 | 0.53 | 0.32 | — | 2.01 | 0.33 | 0.29 | 9.98 | 0.00 | 0.19 | 0.17 | 0.15 | 0.00 | 0.37 |
| Dec 31, 2023 | 0.37 | 0.01 | 0.22 | 0.19 | 0.51 | — | 2.51 | 0.35 | 0.31 | 84.33 | 0.00 | 1.14 | 0.20 | 0.20 | 0.00 | 0.53 |
| Dec 31, 2022 | 0.52 | 0.00 | 0.29 | 0.27 | 0.72 | — | 2.32 | 0.42 | 0.39 | — | 0.00 | 17.51 | 0.19 | 0.30 | 0.00 | 0.41 |
| Dec 31, 2021 | 0.71 | 0.00 | 0.28 | 0.13 | 0.85 | — | 2.74 | 0.21 | 0.50 | 16.08 | 0.00 | 5.08 | 0.07 | 0.43 | 0.02 | 0.55 |
| Dec 31, 2020 | 0.60 | 0.00 | 0.31 | 0.14 | 0.00 | 2.52 | 2.99 | 0.66 | 0.62 | 5.93 | 0.13 | 2.80 | 0.09 | 0.58 | 0.03 | 0.51 |
| Dec 31, 2019 | 0.00 | 0.00 | 0.39 | 0.16 | — | 2.85 | 3.02 | 0.12 | 0.77 | 2.58 | — | 0.90 | 0.22 | 0.33 | 0.03 | 0.62 |
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), 10-K (reporting date: 2019-12-31).
Comparison to Sector (Software & Services)
Datadog Inc., debt to equity, long-term trends, comparison to sector (software & services)
| Datadog Inc. | Software & Services | |
|---|---|---|
| Dec 31, 2024 | 0.59 | 0.54 |
| Dec 31, 2023 | 0.37 | 0.64 |
| Dec 31, 2022 | 0.52 | 0.71 |
| Dec 31, 2021 | 0.71 | 0.83 |
| Dec 31, 2020 | 0.60 | 0.95 |
| Dec 31, 2019 | 0.00 | 1.04 |
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), 10-K (reporting date: 2019-12-31).
Comparison to Industry (Information Technology)
Datadog Inc., debt to equity, long-term trends, comparison to industry (information technology)
| Datadog Inc. | Information Technology | |
|---|---|---|
| Dec 31, 2024 | 0.59 | 0.61 |
| Dec 31, 2023 | 0.37 | 0.66 |
| Dec 31, 2022 | 0.52 | 0.70 |
| Dec 31, 2021 | 0.71 | 0.83 |
| Dec 31, 2020 | 0.60 | 0.97 |
| Dec 31, 2019 | 0.00 | 0.98 |
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), 10-K (reporting date: 2019-12-31).