Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. Datadog is a registered trademark of Datadog, Inc. All product and company names herein may be trademarks of their registered owners. Celebration at the Nasdaq during the Datadog IPO, September 19, 2019. 2017 2018 2019 5-year trend; Sales/Revenue --100.76M: 198.08M: 362.78M About DatadogDatadog is the monitoring and analytics platform for developers, IT operations teams and business users in the cloud age. Datadog is a monitoring service for cloud-scale applications, providing monitoring of servers, databases, tools, and services, through a SaaS-based data analytics platform. 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 … In the first 6 months of 2019, ~60% of Datadog’s increase in revenue was attributable to … See insights on Datadog including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. After Datadog's first-day pop on Thursday, the provider of analytics and monitoring tools became the fourth cloud software company to go public in 2019 and attain a market cap of at least $10 billion. Try it for free. This nice run includes a 110% climb in the past six months as the monitoring and security platform showcased strong growth within the broader … Datadog Investor Relations 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. Operating Metrics 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. Other years have had more tech IPOs than 2019, but there's never been a year that's minted so many big ones. All Rights Reserved. Source: Datadog IPO prospectus. 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. Datadog Communications Fourth Quarter and Full Year 2019 Outlook: Based on information as of today, November 12, 2019 … However, in some cases where they have separate billing terms, we may count separate divisions, segments or subsidiaries as multiple customers. 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. The company in Q4 added a record 1,000 net new customers, almost twice as many as in the year-ago quarter. Non-cash benefit related to one-time tax adjustment. 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. Nine Months. New risks emerge from time to time. According to Gartner, the global market for public cloud services will climb 17.5% this year to $214.3 billion. 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. No other year accounts for more than two cloud companies in the 11-digit club. In contrast, Datadog grew its revenue by 96.6% and 79.5% y… This program is available for Managed Service Providers, System Integrators. Videoconferencing company Zoom, chat app Slack, and cybersecurity vendor Crowdstrike are the three others. Datadog does not believe this is reflective of on-going results and therefore adjusted for this benefit. We are proud of what we have accomplished this year and remain committed to delivering continued innovation to solve our customer pain points.”. "All the IPOs are on track to get that. 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. Datadog annual net income for 2018 was $-0.011B, a 318.75% increase from 2017. We calculate ARR by taking the monthly recurring revenue, or MRR, and multiplying it by 12. The top 10 competitors average 587.5M. Datadog recorded a contingent payroll tax liability in conjunction with a common stock repurchase transaction in 2015. 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. The software-as-a-service (SaaS) company saw its revenue grow by 98% and 83% in 2018 and 2019 respectively. 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. Revenue $ 154,675 $ 95,864 $ 425,935 $ 249,136. That money is being spread across many areas, including productivity apps, developer tools, security and backend infrastructure. 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. In Q1 2019, Datadog had 508 of these large customers, for … A Division of NBCUniversal. Three Months. Datadog revenue was $362.78 m in FY, 2019 which is a (83.2%) year over year increase from the previous period. 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. 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. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. 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 Crowdstrike reported a retention rate of 147% as of January, Slack's was 143% and Zoom was at 140%. 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 … Investors are encouraged to review the reconciliation of these historical non-GAAP financial measures to their most directly comparable GAAP financial measures. 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. Crowdstrike CEO speaks with Jim Cramer on cybersecurity and the company's stock, Crowdstrike CEO says upstart competitors don't worry him. 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. Image source: The Motley Fool. Jason Lemkin, an investor at SaaStr, sees the cloud market continuously opening up to more categories, expanding the overall pie. Datadog scored highest among all vendors in the strategy category. 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. Non-GAAP operating income between $48.5 and $50.5 million. We define ARR as the annualized revenue run-rate of subscription agreements from all customers at a point in time. This represents an increase of 71% from 594 at end of Q2 2019. See metrics from all of your apps, tools & services in one place with Datadog's cloud monitoring as a service solution. 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. 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 … Last week, Datadog reported Q4 revenue jumped 84%. Datadog Inc. Cl A balance sheet, income statement, cash flow, earnings & estimates, ratio and margins. “The quarter closes an excellent year, in which we generated 83% revenue growth and approximately breakeven free cash flow. 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. 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. ... Last week, Datadog reported Q4 revenue jumped 84%. Moreover, we operate in a very competitive and rapidly changing environment. Slack was a relative laggard at 58%. Datadog views amortization of purchased intangible assets as items arising from pre-acquisition activities determined at the time of an acquisition. 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. We disclaim any obligation to update forward-looking statements. ET Contents: Prepared Remarks. 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. 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. The company reported robust 79% annual revenue growth for the first half of 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 ", WATCH: Crowdstrike CEO says upstart competitors don't worry him. Datadog's revenue rose 83% to $362.8 million in 2019, but its net loss widened from $10.8 million to $16.7 million. 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. How fast is Datadog growing? The new crop brings to 16 the total number of cloud software companies in the 11-digit club. 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. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Announced the general availability of Real User Monitoring (RUM). Datadog's revenue increased 82% to $83 million in the quarter that ended in June, putting it right up there with its 2019 peers. Datadog utilizes stock-based compensation to attract and retain employees. 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. Datadog annual net income for 2019 was $-0.017B, a 55.27% increase from 2018. Similarly, Datadog views acquisition related expenses as events that are not necessarily reflective of operational performance during a period. Over the last four quarters, Datadog, Inc.'s revenue has grown by 85.9%. 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. Moskowitz initiated the stock with the equivalent of a hold rating and said, "meaningful multiple expansion will likely require excellent execution. “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. 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. • GAAP operating income was $3.8 million; GAAP operating margin was 2.9%. 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. 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. During this period, Datadog reported a net loss of $13.4 million against a … As a result, stock-based compensation expenses vary for reasons that are generally unrelated to financial and operational performance in any particular period. You can find the logo assets on our press page. 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. 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. As of Sep 11, 2019. Datadog net income for the twelve months ending June 30, 2020 was $0.003B, a 119.28% decline year-over-year. 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. Revenue between $588 million and $590 million. "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. Our revenue was $362.8 million, $198.1 million and $100.8 million for the years ended December 31, 2019, 2018 and 2017, respectively. Announced Security Monitoring, currently available in beta, to break down the silos between security, dev, and ops. 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. Datadog's annual revenues are $100-$500 million (see exact revenue data) and has 500-1,000 employees. (866) 329-4466Press@datadog.com. Crowdstrike's expiration is set for December. 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. All good ones at least.". A single organization with multiple divisions, segments or subsidiaries is generally counted as a single customer. Fiscal year is January-December. 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. 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. At end of Q2, Datadog had 1,015 customers with ARR of $100k or more. At end of Q1, Datadog had 960 customers with greater than $100k of ARR, generating sequential growth of 5.7%. 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. Forward-looking statements represent our beliefs and assumptions only as of the date of this press release. Datadog became the fourth cloud software company to debut this year and reach a $10 billion valuation. Datadog, Inc. (NASDAQ: DDOG) Q4 2019 Earnings Call Feb 13, 2020 , 5:00 p.m. Datadog does experience seasonality and typically wins more new customers and renewals in the fourth quarter. 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. There are 100 cloud categories that can do $ 1b in annual revenue in FY 2019 the quarter closes excellent! Of our future performance and high retention comes high multiples — and more risk 500-1,000 employees of datadog, (. And Zoom was at 140 % and renewals in the 11-digit club reported Q4 jumped. 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