Datadog defines non-GAAP gross profit, non-GAAP operating expenses (sales and marketing, research and development, general and administrative), non-GAAP gross margin, non-GAAP operating margin, non-GAAP operating income (loss) and non-GAAP net income (loss) as the respective GAAP balances, adjusted for, as applicable: (1) stock-based compensation expense; (2) the amortization of purchased intangibles and (3) non-cash benefit related to a one-time tax adjustment. Forward-Looking Statements Datadog's revenue increased 82% to $83 million in the quarter that ended in June, putting it right up there with its 2019 peers. Revenue between $588 million and $590 million. How fast is Datadog growing? Follow @CNBCtech on Twitter for the latest tech industry news. While these intangible assets are evaluated for impairment regularly, amortization of the cost of purchased intangibles is an expense that is not typically affected by operations during any particular period. Assumed preferred stock conversion. New risks emerge from time to time. Ended September 30, Ended September 30, 2020. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, we cannot guarantee future results, levels of activity, performance, achievements, or events and circumstances reflected in the forward-looking statements will occur. "There are 100 cloud categories that can do $1b in annual revenues," Lemkin wrote in a message. Three Months. Datadog is a monitoring service for cloud-scale applications, providing monitoring of servers, databases, tools, and services, through a SaaS-based data analytics platform. Cloud 100 2019 Dropped off in 2020. As of December 31, 2019, we had 858 customers with ARR of $100,000 or more, an increase of 89% from 453 as of December 31, 2018. Not only are customers sticking around, but they're increasing the size of their contracts. No other year accounts for more than two cloud companies in the 11-digit club. (866) 329-4466Press@datadog.com. In addition, there are limitations in using non-GAAP financial measures because the non-GAAP financial measures are not prepared in accordance with GAAP and may be different from non-GAAP financial measures used by other companies and exclude expenses that may have a material impact on Datadog’s reported financial results. An extension of our user experience monitoring suite, RUM provides real-time visibility into the experience of individual users, in order to quickly spot and correct otherwise costly website performance issues. Datadog annual net income for 2017 was $-0.003B, … Try it for free. Datadog Investor Relations Datadog uses each of these non-GAAP financial measures internally to understand and compare operating results across accounting periods, for internal budgeting and forecasting purposes, for short- and long-term operating plans, and to evaluate Datadog’s financial performance. Datadog, Zoom, Slack and Crowdstrike, this year's entrants, all have very high retention rates. Three Months Six Months Ended June 30, Ended June 30, 2020 2019 2020 2019 Revenue $ 140,012 $ 83,222 $ 271,260 $ 153,272 Datadog Inc. Cl A balance sheet, income statement, cash flow, earnings & estimates, ratio and margins. Moreover, we operate in a very competitive and rapidly changing environment. We accelerated our pace of innovation throughout 2019, including the fourth quarter announcement of Security Monitoring to break down the silos between developer, operations, and security teams. On forbes lists #5. Crowdstrike reported a retention rate of 147% as of January, Slack's was 143% and Zoom was at 140%. Nine Months. This nice run includes a 110% climb in the past six months as the monitoring and security platform showcased strong growth within the broader … The 2019 class is particularly attractive to investors because the biggest of them show extremely high customer retention rates, meaning that they're very efficient with their sales and marketing dollars. Additionally, Datadog’s management believes that the non-GAAP financial measure free cash flow is meaningful to investors because management reviews cash flows generated from operations after taking into consideration capital expenditures and the capitalization of software development costs due to the fact that these expenditures are considered to be a necessary component of ongoing operations. Our Simple Network Management Protocol (SNMP) integration, a component of NPM, is available in beta and extends visibility to physical network devices. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. The new crop brings to 16 the total number of cloud software companies in the 11-digit club. RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH WITHIN THE CONSOLIDATED BALANCE SHEETS TO THE AMOUNTS SHOWN IN THE STATEMENTS OF CASH FLOWS ABOVE: Restricted cash – Including amounts in prepaid expense and other current assets and other assets, Total cash, cash equivalents and restricted cash, Plus: Amortization of acquired intangibles, Less: Non-cash benefit related to a one-time tax adjustment, Plus: Non-cash benefit related to a one-time tax adjustment, Less: Purchases of property and equipment, Less: Capitalized software development costs, Cash, cash equivalents, restricted cash, and marketable securities were. The stock is below its $26 reference price and has lost one-fifth of its value in the past three weeks, although at least some of that can be attributed to Microsoft's renewed effort to take on Slack with its Teams product. Datadog believes they are useful to investors, as a supplement to GAAP measures, in evaluating its operational performance, as further discussed below. All new products are available in the same tightly integrated platform, offering the benefits of metrics, traces, and logs in one place with cross-correlations between them. Image source: The Motley Fool. Datadog, Inc.'s revenue is the ranked 7th among it's top 10 competitors. 2017 2018 2019 5-year trend; Sales/Revenue --100.76M: 198.08M: 362.78M Amortization of purchased intangibles and transaction costs related to acquisition. Shares of Datadog has been riding an incredible hot streak as the stock is up more than 138% in 2020, which compares quite favorably to the 10.2% return of the S&P … Datadog is a registered trademark of Datadog, Inc. All product and company names herein may be trademarks of their registered owners. The top 10 competitors average 587.5M. — Datadog, Inc. (NASDAQ: DDOG) reported its fourth-quarter 2019 adjusted earnings of $0.03 per share versus a loss of $0.02 per share expected.— Total revenue jumped by 85% to $113.6 million versus $102.41 million expected. Datadog went public in September 2019 and its stock price has climbed roughly 170% since then, which blows away the Computer Software Services Market’s 34% average. With rapid expansion and high retention comes high multiples â and more risk. Datadog's revenue increased 82% to $83 million in the quarter that ended in June, putting it right up there with its 2019 peers. Additional information will be made available in our Annual Report on Form 10-K for the year ended December 31, 2019 and other filings and reports that we may file from time to time with the SEC. While 14 of those companies have gone public since the beginning of 2012, this is the first year with more than two that reached $10 billion in value. Videoconferencing company Zoom, chat app Slack, and cybersecurity vendor Crowdstrike are the three others. Over the last four quarters, Datadog, Inc.'s revenue has grown by 85.9%. Datadog does not believe this is reflective of on-going results and therefore adjusted for this benefit. ", WATCH: Crowdstrike CEO says upstart competitors don't worry him. Slack chose the direct listing route, so investors could sell right away, and they've been doing plenty of it since the debut in June. You can find the logo assets on our press page. Our SaaS platform integrates and automates infrastructure monitoring, application performance monitoring and log management to provide unified, real-time observability of our customers’ entire technology stack. (866) 329-4466IR@datadog.com, Martin Bergman Datadog annual net income for 2019 was $-0.017B, a 55.27% increase from 2018. That money is being spread across many areas, including productivity apps, developer tools, security and backend infrastructure. About Non-GAAP Financial MeasuresDatadog discloses the following non-GAAP financial measures in this release and the earnings call referencing this press release: non-GAAP operating income (loss), non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses (sales and marketing, research and development, general and administrative), non-GAAP operating margin, non-GAAP net income (loss), non-GAAP net income (loss) per diluted share, non-GAAP net income (loss) per basic share, and free cash flow. At end of Q2, Datadog had 1,015 customers with ARR of $100k or more. Sign up for free newsletters and get more CNBC delivered to your inbox, Get this delivered to your inbox, and more info about our products and services.Â, Â© 2020 CNBC LLC. Datadog had its initial public offering on September 10, 2019. Jason Lemkin, an investor at SaaStr, sees the cloud market continuously opening up to more categories, expanding the overall pie. An extension of our leading infrastructure monitoring, NPM enables visibility into network flows in granular detail across public cloud, private cloud, and on-premise environments, to provide immediate insight into performance and dependencies. Slack was a relative laggard at 58%. Subscription agreements are primarily monthly or annual, with some quarterly, semi-annual and multi-year. We are delivering very strong growth at scale, and have demonstrated robust operating efficiencies.”, Pomel added, “Datadog has established itself as the leading monitoring and analytics platform. You should not rely on the revenue growth of any prior quarterly or annual period as an indication of our future performance. All Rights Reserved. 2020. Last week, Datadog reported Q4 revenue jumped 84%. The risks and uncertainties referred to above include, but are not limited to (1) our recent rapid growth may not be indicative of our future growth; (2) our history of operating losses; (3) our limited operating history; (4) our business depends on our existing customers purchasing additional subscriptions and products from us and renewing their subscriptions; (5) our ability to attract new customers; (6) our ability to effectively develop and expand our sales and marketing capabilities; (7) risk of a security breach; (8) risk of interruptions or performance problems associated with our products and platform capabilities; (9) our ability to adapt and respond to rapidly changing technology or customer needs; (10) the competitive markets in which we participate; (11) risks associated with successfully manage our growth and (12) general market, political, economic, and business conditions. ET Contents: Prepared Remarks. Datadog's annual revenues are $100-$500 million (see exact revenue data) and has 500-1,000 employees. The stock opened up with an IPO price of $27 before climbing 39% at the end of its first trading day. ... Last week, Datadog reported Q4 revenue jumped 84%. NEW YORK, Feb. 13, 2020 (GLOBE NEWSWIRE) -- Datadog, Inc. (NASDAQ:DDOG), the monitoring and analytics platform for developers, IT operations teams and business users in the cloud age, today announced financial results for its fourth quarter ended December 31, 2019. Eric Yuan, CEO of Zoom Video Communications poses for a photo after he took part in a bell ringing ceremony at the NASDAQ MarketSite in New York, April 18, 2019. Fourth quarter revenue grew 85% year-over-year to $114 million Strong growth of larger customers, with 858 $100k+ ARR customers versus 453 a year-ago Announced Security Monitoring to break... | November 25, 2020 Condensed Consolidated Statements of Operations, (In thousands, except per share data; unaudited), Condensed Consolidated Statements of Cash Flow, Reconciliation from GAAP to Non-GAAP Results, Reconciliation of GAAP Cash Flow from Operating Activities to Free Cash Flow, AJ Ljubich, CFA "Recently, we've seen a series of product-driven companies building huge customer bases with tremendous account expansion and terrific sales efficiency," Tunguz wrote in a post on Aug. 26, about Datadog's IPO filing. This represents an increase of 71% from 594 at end of Q2 2019. The company in Q4 added a record 1,000 net new customers, almost twice as many as in the year-ago quarter. Datadog net income for the twelve months ending June 30, 2020 was $0.003B, a 119.28% decline year-over-year. • GAAP operating income was $3.8 million; GAAP operating margin was 2.9%. Weighted average shares used in calculating net income (loss) per share: Accounts receivable, net of allowance for doubtful accounts of $817 and $477 as of December 31, 2019 and December 31, 2018, respectively, Prepaid expenses and other current assets, Accrued expenses and other current liabilities, TOTAL LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY (DEFICIT). We calculate ARR by taking the monthly recurring revenue, or MRR, and multiplying it by 12. “The quarter closes an excellent year, in which we generated 83% revenue growth and approximately breakeven free cash flow. Datadog’s number of customers with ARR of $100,000 or more and number of customers with ARR of $1 million or more are based on the ARR of each customer, as of the last month of the quarter. "All the IPOs are on track to get that. Datadog defines free cash flow as Net cash provided by (used in) operating activities, minus capital expenditures and minus capitalized software development costs. This press release and the earnings call referencing this press release contain “forward-looking” statements, as that term is defined under the federal securities laws, including but not limited to statements regarding Datadog’s future financial performance, including our outlook for the first quarter and for the full year of 2020. Data is a real-time snapshot *Data is delayed at least 15 minutes. We define the number of customers as the number of accounts with a unique account identifier for which we have an active subscription in the period indicated. Consequently, non-GAAP diluted net income per share for the year ended December 31, 2019 has been calculated assuming the conversion of all outstanding shares of preferred stock into shares of Class B common stock. 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