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Datadog cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$279M in Q3 2026 · $1.2B over twelve months

Operating cash flow$290M
Capital spending−$10.9M
Free cash flow+$279M
Cash / net income2.5×
Cash conversion cycle-50 days

Analysis

In Q3 2026, Datadog generated $290M of operating cash flow and spent $10.9M on capital projects, leaving free cash flow of $279M. That is $44.4M more than in Q3 2025 ($235M).

Over the twelve months to Sep 30, 2026, operating cash flow was $1.3B; the largest uses were other investing ($851M), acquisitions ($116M), capital spending ($41.0M); besides operations, cash came from other financing ($67.3M), shares issued ($16.6M); the cash balance rose by $341M.

Operating cash flow was $290M against net income of $118M — 2.5× profit, cash ran ahead of reported earnings. The largest differences: stock-based pay +$237M, payables −$50.4M, deferred revenue −$37.3M.

Its cash conversion cycle was -50 days (receivables 62 + inventory 0 − payables 112): suppliers fund its working capital.

Free cash flow

Datadog: free cash flow by quarterDatadog: free cash flow by quarter$257MQ4 2024$263MQ1 2025$185MQ2 2025$235MQ3 2025$318MQ4 2025$323MQ1 2026$306MQ2 2026$279MQ3 2026
Operating cash flow less capital spending.
Datadog: operating cash flow against capital spendingDatadog: operating cash flow against capital spendingOperating cash flowCapital spending$265M$7.8MQ4 2024$272M$8.7MQ1 2025$200M$15.2MQ2 2025$251M$16.8MQ3 2025$327M$8.9MQ4 2025$335M$11.4MQ1 2026$316M$9.9MQ2 2026$290M$10.9MQ3 2026
Latest (Q3 2026): Operating cash flow $290M, Capital spending $10.9M.

Capital allocation, year by year

Datadog: where the cash came from (up) and went (down), by fiscal yearDatadog: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingAcquisitionsFY2021: Operating cash flow $287MFY2021: Shares issued $14.9MFY2021: Capital spending −$10.0MFY2021: Acquisitions −$227M$301MFY2021FY2022: Operating cash flow $418MFY2022: Net borrowing −$3KFY2022: Shares issued $10.0MFY2022: Capital spending −$35.3MFY2022: Acquisitions −$45.9M$428MFY2022FY2023: Operating cash flow $660MFY2023: Shares issued $20.9MFY2023: Capital spending −$27.6MFY2023: Acquisitions −$12.5M$681MFY2023FY2024: Operating cash flow $871MFY2024: Net borrowing $782MFY2024: Shares issued $7.4MFY2024: Capital spending −$34.7MFY2024: Acquisitions −$7.1M$1.7BFY2024FY2025: Operating cash flow $1.1BFY2025: Net borrowing −$636MFY2025: Shares issued $6.4MFY2025: Capital spending −$49.6MFY2025: Acquisitions −$118M$1.1BFY2025
Over these 5 years operating cash flow totalled $3.3B; the largest uses were net borrowing ($636M) and acquisitions ($410M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$5.2B
Debtnone
Net cash$5.2B

Datadog funds itself: free cash flow was $1.2B over the last twelve months, with $5.2B of cash and investments and no debt on the balance sheet.

Where the cash came from and went

Datadog: sources (+) and uses (−) of cash, Q3 2026Datadog: sources (+) and uses (−) of cash, Q3 2026Cash drawn (+) / kept (−)−$446MOperating cash flow$290MOther investing$169MCapital spending−$10.9MAcquisitions−$3.3MShares issued$2.4MExchange rates−$417K
Datadog: sources (+) and uses (−) of cash, TTM to Q3 2026Datadog: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$1.3BOther investing−$851MCash drawn (+) / kept (−)−$341MAcquisitions−$116MOther financing$67.3MCapital spending−$41.0MShares issued$16.6MExchange rates−$2.7M

From profit to cash

Datadog: net income to operating cash flow, Q3 2026Datadog: net income to operating cash flow, Q3 2026Net income$118MDepreciation & amortization$20.8MStock-based pay$237MGains on disposals$1.2MReceivables$24.9MPayables−$50.4MAccrued liabilities−$3.6MDeferred revenue−$37.3MPrepaid and other assets−$2.7MOperating cash flow$290M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202662—112-50
Q2 202661—93-31
Q1 202664—70-6
Q4 202562—70-8
Q3 202560—87-27
Q2 202560—81-21
Q1 202564—595
Q4 202468—644

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$290M−$10.9M−$3.3M—$2.4M−$446M$279M
Q2 2026$316M−$9.9M−$102M—$2.8M−$8.6M$306M
Q1 2026$335M−$11.4M−$10.7M—$9.7M−$25.1M$323M
Q4 2025$327M−$8.9M−$700K—$1.8M$139M$318M
Q3 2025$251M−$16.8M−$192K—$1.3M−$51.6M$235M
Q2 2025$200M−$15.2M−$115M−$636M$1.7M$591M$185M
Q1 2025$272M−$8.7M−$1.8M−$20K$1.7M$167M$263M
Q4 2024$265M−$7.8M−$6.5M$782M$2.2M−$910M$257M

Datadog: income statement and cash flow

Datadog, Q3 2026: revenue $1.2B (+35% year over year), operating margin 6.2%. The chart follows the revenue to costs, profit and cash.

Datadog: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.