Moreover, we operate in a very competitive and rapidly changing environment. As of Sep 11, 2019. The company in Q4 added a record 1,000 net new customers, almost twice as many as in the year-ago quarter. The new crop brings to 16 the total number of cloud software companies in the 11-digit club. Datadog has 1,403 employees across 32 locations and $362.78 M in annual revenue in FY 2019. A Division of NBCUniversal. Datadog is a registered trademark of Datadog, Inc. All product and company names herein may be trademarks of their registered owners. Datadog net income for the twelve months ending June 30, 2020 was $0.003B, a 119.28% decline year-over-year. Datadog's revenue increased 82% to $83 million in the quarter that ended in June, putting it right up there with its 2019 peers. 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. Datadog annual net income for 2019 was $-0.017B, a 55.27% increase from 2018. (866) [email protected] 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. As a result, stock-based compensation expenses vary for reasons that are generally unrelated to financial and operational performance in any particular period. All Rights Reserved. Follow @CNBCtech on Twitter for the latest tech industry news. Our vision is to offer security teams the same visibility into their infrastructure, network, and applications that developers and operations teams have, as well as to offer developers and operations the ability to surface possible threats. 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. The stock opened up with an IPO price of $27 before climbing 39% at the end of its first trading day. Fiscal year is January-December. Datadog's revenue increased 82% to $83 million in the quarter that ended in June, putting it right up there with its 2019 peers. "All the IPOs are on track to get that. New risks emerge from time to time. ", WATCH: Crowdstrike CEO says upstart competitors don't worry him. Datadog revenue was $362.78 m in FY, 2019 which is a (83.2%) year over year increase from the previous period. 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. 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). Other years have had more tech IPOs than 2019, but there's never been a year that's minted so many big ones. Three Months. Datadog Announces Fourth Quarter and Full Year 2019 Results, Income (loss) before provision for income taxes. Continued product innovations, including enhanced APM functionality, deeper visibility into containers and serverless environments, and enhanced machine learning capabilities. "In our view, MSFT's competing Teams service significantly reduces WORK's pricing power and limits the enterprise penetration opportunity," wrote Gregg Moskowitz, an analyst at Mizuho Securities, in a report on Sept. 12. As a result of Datadog’s initial public offering, all outstanding shares of preferred stock were automatically converted into shares of Class B common stock. Specifically, in Q3 2020's revenue was $154.7M; in Q2 2020, it was $140M; in Q3 2019, it was $95.9M; in Q2 2019, Datadog, Inc.'s revenue … Investors are encouraged to review the reconciliation of these historical non-GAAP financial measures to their most directly comparable GAAP financial measures. It is principally aimed at aligning their interests with those of its stockholders and at long-term retention, rather than to address operational performance for any particular period. Eventually, early investors are going to want to lock in some gains, creating the potential for a flood of new shares on the market and a corresponding price drop. Datadog scored highest among all vendors in the strategy category. Similarly, Datadog views acquisition related expenses as events that are not necessarily reflective of operational performance during a period. Cloud 100 2019 Dropped off in 2020. On a price-to-sales basis, Zoom, Crowdstrike and Datadog are by far the most expensive software companies across the entire market, with each valued at 39 times revenue or higher, according to FactSet. Datadog utilizes stock-based compensation to attract and retain employees. Revenue between $588 million and $590 million. How fast is Datadog growing? On forbes lists #5. Announcements included but were not limited to, the introduction of always-on Profiling for APM, a new integration with SAP HANA, support for Amazon EKS on AWS Fargate, integration with Azure DevOps, support for AWS CloudFormation Registry and CLI, the introduction of Metrics Correlations, and updated AWS Lambda integration to include Provisioned Concurrency, enhanced metrics, and distributed tracing. 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. All good ones at least.". Adjustments to reconcile net income (loss) to net cash provided by operating activities: Amortization of discounts or premiums on marketable securities, Stock-based compensation, net of amounts capitalized, Provision for accounts receivable allowance, Loss on disposal of property and equipment. Launched the Datadog Partner Network, a new program expanding Datadog’s support for channel partners. (866) [email protected], Martin Bergman You can find the logo assets on our press page. Datadog, Inc.'s revenue is the ranked 7th among it's top 10 competitors. Datadog Inc. Cl A balance sheet, income statement, cash flow, earnings & estimates, ratio and margins. Forward-Looking Statements 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. During this period, Datadog reported a net loss of $13.4 million against a … In the first quarter of 2020, revenue increased by 87% year-over-year as the number of large customers (with an annual run rate of US$100,000 or more) surged to 960 from … 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. In 2019, the period of limitations for assessing the contingent Federal payroll tax liability expired and the Company was legally released from being the primary obligor, and recognized a benefit in the consolidated statement of operations. Slack was a relative laggard at 58%. 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. We want to hear from you. Crowdstrike's expiration is set for December. Our revenue was $362.8 million, $198.1 million and $100.8 million for the years ended December 31, 2019, 2018 and 2017, respectively. We define ARR as the annualized revenue run-rate of subscription agreements from all customers at a point in time. Datadog sells products that monitor and analyze every element of cloud-based and in-house IT (Information Technology) infrastructure. 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. These forward-looking statements are based on Datadog’s current assumptions, expectations and beliefs and are subject to substantial risks, uncertainties, assumptions and changes in circumstances that may cause Datadog’s actual results, performance or achievements to differ materially from those expressed or implied in any forward-looking statement. Announced the general availability of Real User Monitoring (RUM). The software-as-a-service (SaaS) company saw its revenue grow by 98% and 83% in 2018 and 2019 respectively. However, in some cases where they have separate billing terms, we may count separate divisions, segments or subsidiaries as multiple customers. In Q1 2019, Datadog had 508 of these large customers, for … 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. Datadog does not believe this is reflective of on-going results and therefore adjusted for this benefit. 2019. Datadog lost $13 million during the first six months of 2019, after earning $498,000 during the same time period a year earlier. 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. Datadog believes they are useful to investors, as a supplement to GAAP measures, in evaluating its operational performance, as further discussed below. 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. A single organization with multiple divisions, segments or subsidiaries is generally counted as a single customer. 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. 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 Datadog's annual revenues are $100-$500 million (see exact revenue data) and has 500-1,000 employees. The top 10 competitors average 587.5M. Datadog had its initial public offering on September 10, 2019. 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. 2017 2018 2019 5-year trend; Sales/Revenue --100.76M: 198.08M: 362.78M "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. Revenue was $131.2 million, an increase of 87% year-over-year. Datadog, Zoom, Slack and Crowdstrike, this year's entrants, all have very high retention rates. Our Simple Network Management Protocol (SNMP) integration, a component of NPM, is available in beta and extends visibility to physical network devices. Non-cash benefit related to one-time tax adjustment. 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. In the first 6 months of 2019, ~60% of Datadog’s increase in revenue was attributable to … 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. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. According to studies, the infrastructure monitoring and application performance management (APM) markets in which Datadog competes will grow annually by 6.6% and 11.84%, respectively, over the next several years. ARR and MRR should be viewed independently of revenue as they are operating metrics and are not intended to be replacements or forecasts of revenue. A reconciliation of the historical non-GAAP financial measures to their most directly comparable GAAP measures has been provided in the financial statement tables included below in this press release. 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. Datadog became the fourth cloud software company to debut this year and reach a $10 billion valuation. Videoconferencing company Zoom, chat app Slack, and cybersecurity vendor Crowdstrike are the three others. 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. Datadog recorded retention in its latest quarter of 151% — a customer that spent $100 a year earlier is now shelling out $151. Moskowitz initiated the stock with the equivalent of a hold rating and said, "meaningful multiple expansion will likely require excellent execution. Ended September 30, Ended September 30, 2020. It's just the latest sign that public market investors are hungry and willing to pay up for high-growth technology companies as long as the financials make sense, even as they shun cash-burning consumer businesses like Uber, Lyft and WeWork. Datadog is used by organizations of all sizes and across a wide range of industries to enable digital transformation and cloud migration, drive collaboration among development, operations and business teams, accelerate time to market for applications, reduce time to problem resolution, understand user behavior and track key business metrics. 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. Celebration at the Nasdaq during the Datadog IPO, September 19, 2019. This represents an increase of 71% from 594 at end of Q2 2019. Management believes these non-GAAP financial measures are useful to investors and others in assessing Datadog’s operating performance due to the following factors: Stock-based compensation and amortization of stock-based compensation capitalized in software development costs. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Assumed preferred stock conversion. Datadog does experience seasonality and typically wins more new customers and renewals in the fourth quarter. Try it for free. Datadog's revenue rose 83% to $362.8 million in 2019, but its net loss widened from $10.8 million to $16.7 million. Datadog, Inc. (NASDAQ: DDOG) Q4 2019 Earnings Call Feb 13, 2020 , 5:00 p.m. Image source: The Motley Fool. ... Last week, Datadog reported Q4 revenue jumped 84%. 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. “The quarter closes an excellent year, in which we generated 83% revenue growth and approximately breakeven free cash flow. 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, © 2020 CNBC LLC. Not only are customers sticking around, but they're increasing the size of their contracts. Datadog’s non-GAAP financial measures may not provide information that is directly comparable to that provided by other companies in its industry, as other companies in its industry may calculate non-GAAP financial results differently, particularly related to non-recurring and unusual items. With rapid expansion and high retention comes high multiples — and more risk. At end of Q1, Datadog had 960 customers with greater than $100k of ARR, generating sequential growth of 5.7%. Changes in operating assets and liabilities: Net cash provided by (used in) operating activities, Cash paid for acquisition of businesses; net of cash acquired, Proceeds from initial public offering, net of underwriting discounts and commissions and other offering costs, Net cash (used in) provided by financing activities, Effect of exchange rate changes on cash, cash equivalents and restricted cash, NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH, CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of period, CASH, CASH EQUIVALENTS AND RESTRICTED CASH—End of period. Amortization of purchased intangibles and transaction costs related to acquisition. 2019. 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. According to Gartner, the global market for public cloud services will climb 17.5% this year to $214.3 billion. Datadog annual net income for 2017 was $-0.003B, … 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 … Three Months Six Months Ended June 30, Ended June 30, 2020 2019 2020 2019 Revenue $ 140,012 $ 83,222 $ 271,260 $ 153,272 Got a confidential news tip? 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. Revenue $ 154,675 $ 95,864 $ 425,935 $ 249,136. We are proud of what we have accomplished this year and remain committed to delivering continued innovation to solve our customer pain points.”. Forward-looking statements represent our beliefs and assumptions only as of the date of this press release. "There are 100 cloud categories that can do $1b in annual revenues," Lemkin wrote in a message. Last week, Datadog reported Q4 revenue jumped 84%. Jason Lemkin, an investor at SaaStr, sees the cloud market continuously opening up to more categories, expanding the overall pie. Datadog is a monitoring service for cloud-scale applications, providing monitoring of servers, databases, tools, and services, through a SaaS-based data analytics platform. Crowdstrike CEO speaks with Jim Cramer on cybersecurity and the company's stock, Crowdstrike CEO says upstart competitors don't worry him. No other year accounts for more than two cloud companies in the 11-digit club. According to Tomasz Tunguz of Redpoint Ventures, any company that's at 140% or higher is in the top decile of subscription businesses, based on a survey the firm conducted with 600 respondents. 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. Source: Datadog IPO prospectus. 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. Zoom's post-IPO lock-up period expires next month, giving many insiders their first opportunity to sell, with the stock up well over 100% from its debut price in April. "Datadog is no exception.". Datadog views amortization of purchased intangible assets as items arising from pre-acquisition activities determined at the time of an acquisition. About DatadogDatadog is the monitoring and analytics platform for developers, IT operations teams and business users in the cloud age. Datadog annual net income for 2018 was $-0.011B, a 318.75% increase from 2017. “We are very pleased with our fourth quarter performance, which was highlighted by 85% year-over-year revenue growth, and very strong platform adoption,” said Olivier Pomel, co-founder and CEO of Datadog. It is classified as operating in the Data Centers & Hosting Services industry. Datadog annual revenue for 2019 was $0.363B, a 83.15% increase from … Nine Months. Subscription agreements are primarily monthly or annual, with some quarterly, semi-annual and multi-year. Fourth Quarter 2019 Financial Highlights: Fourth Quarter & Recent Business Highlights: First Quarter and Full Year 2020 Outlook: Based on information as of today, February 13, 2020, Datadog is providing the following guidance for the first quarter and full year 2020: Datadog has not reconciled its expectations as to non-GAAP operating loss, or as to non-GAAP net loss per share, to their most directly comparable GAAP measure as a result of uncertainty regarding, and the potential variability of, reconciling items such as stock-based compensation and employer payroll taxes on equity incentive plans. Over the last four quarters, Datadog, Inc.'s revenue has grown by 85.9%. Announced the general availability of Network Performance Monitoring (NPM). 2020. See insights on Datadog including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. 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. These risks and uncertainties are more fully described in our filings with the Securities and Exchange Commission (SEC), including in the section entitled “Risk Factors” in our Quarterly Report on Form 10-Q filed with the SEC on November 13, 2019. All values USD millions. In contrast, Datadog grew its revenue by 96.6% and 79.5% y… Third quarter revenue grew 61% year-over-year to $155 million Strong growth of larger customers, ... Nov. 10, 2020 (GLOBE NEWSWIRE) -- Datadog, Inc. (NASDAQ: ... 2019 2020 2019 Revenue $ Our solution is designed to help our customers better operationalize IT security, as the security and performance of applications can no longer be the responsibility of separate and isolated teams. Crowdstrike reported a retention rate of 147% as of January, Slack's was 143% and Zoom was at 140%. 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 Fourth Quarter and Full Year 2019 Outlook: Based on information as of today, November 12, 2019 … Accordingly, reconciliation is not available without unreasonable effort, although it is important to note that these factors could be material to Datadog’s results computed in accordance with GAAP. — 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. This nice run includes a 110% climb in the past six months as the monitoring and security platform showcased strong growth within the broader … We calculate ARR by taking the monthly recurring revenue, or MRR, and multiplying it by 12. Datadog Communications ET Contents: Prepared Remarks. See metrics from all of your apps, tools & services in one place with Datadog's cloud monitoring as a service solution. MRR is defined as the revenue run-rate of subscription agreements from all customers for the last month of the period, including committed amounts and any additional usage. This program is available for Managed Service Providers, System Integrators. Announced Security Monitoring, currently available in beta, to break down the silos between security, dev, and ops. At end of Q2, Datadog had 1,015 customers with ARR of $100k or more. That money is being spread across many areas, including productivity apps, developer tools, security and backend infrastructure. Non-GAAP operating income between $48.5 and $50.5 million. The company reported robust 79% annual revenue growth for the first half of 2019. 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. 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. • GAAP operating income was $3.8 million; GAAP operating margin was 2.9%. Operating Metrics 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 the silos between security, dev, and ops, Launched Network Performance Monitoring and Real User Monitoring. 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