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
Operating cash flow less capital spending.Latest (Q3 2026): Operating cash flow $290M, Capital spending $10.9M.
Capital allocation, year by year
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
From profit to cash
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
Quarter
Receivable days
Inventory days
Payable days
Cash conversion cycle
Q3 2026
62
—
112
-50
Q2 2026
61
—
93
-31
Q1 2026
64
—
70
-6
Q4 2025
62
—
70
-8
Q3 2025
60
—
87
-27
Q2 2025
60
—
81
-21
Q1 2025
64
—
59
5
Q4 2024
68
—
64
4
Every quarter
Quarter
Operating cash flow
Capital spending
Acquisitions
Net borrowing (+) / repaid (−)
Shares issued
Cash 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.
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.