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Datadog Q2 Earnings Surpass Estimates, Revenues Increase Y/Y

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Key Takeaways

  • Datadog's Q2 EPS rose 7% Y/Y to $0.46, beating estimates by over 12%.
  • Datadog's revenues grew 28.1% Y/Y to $826.8M, with large customers driving 89% of ARR.
  • Q3 revenues are guided to $847M-$851M, with EPS of $0.44-$0.46.

Datadog (DDOG - Free Report) reported second-quarter 2025 non-GAAP earnings per share (EPS) of 46 cents, which increased 7% from the year-ago quarter and beat the Zacks Consensus Estimate by 12.20%.

The company’s net revenues of $826.8 million rose 28.1% year over year and beat the consensus estimate by 4.55%.

Q2 Details of DDOG

The company ended the second quarter with 31,400 customers, up from about 28,700 in the prior-year period.

In the second quarter of 2025, Datadog had 3,850 customers with an annualized run rate (ARR) of $100,000 or more, up from about 3,390 in the year-ago quarter. These customers generated about 89% of the total ARR.

Datadog, Inc. Price, Consensus and EPS Surprise

Datadog, Inc. Price, Consensus and EPS Surprise

Datadog, Inc. price-consensus-eps-surprise-chart | Datadog, Inc. Quote

As of the end of the second quarter, 83% of customers used two or more products, unchanged from the year-ago period. Additionally, 52% of customers utilized four or more products, up from 49% in the year-ago quarter.

Datadog reported a trailing 12-month net revenue retention rate of approximately 120% in the second quarter, up from the mid-110% in the prior year's quarter.

Operating Details of DDOG

In the second quarter, Datadog’s adjusted gross margin contracted 110 basis points (bps) on a year-over-year basis to 80.9%.

Research & development expenses grew 45.5% on a year-over-year basis to $263.2 million. Research & development, as a percentage of revenues, expanded 380 bps to 31.8%.

Sales and marketing expenses rose 27.4% year over year to $200 million. Sales and marketing expenses, as a percentage of revenues, contracted 10 bps to 24.2%.

General & administrative expenses increased 22.9% year over year, reaching $41.9 million in the reported quarter. General & administrative expenses, as a percentage of revenues, decreased 20 bps to 5.1%.

Datadog reported a non-GAAP operating income of $164.1 million, up 4.2% year over year. However, its non-GAAP operating margin of 19.8% shrank by 460 basis points from the prior year.

Datadog’s Balance Sheet & Cash Flow

As of June 30, 2025, Datadog had cash, cash equivalents, and marketable securities of $3.9 billion compared with $4.4 billion as of March 31, 2025.

Operating cash flow was $200 million in the reported quarter, down from $272 million reported in the previous quarter.

Free cash flow during the quarter was $165 million compared with $244 million in the prior quarter.

Datadog’s Guidance for Q3 & 2025

For the third quarter of 2025, Datadog anticipates revenues between $847 million and $851 million. Non-GAAP EPS is expected in the range of 44-46 cents. Non-GAAP operating income is expected in the band of $176-$180 million.

For 2025, Datadog anticipates revenues between $3.312 billion and $3.322 billion. Non-GAAP EPS is projected to be between $1.80 and $1.83. Non-GAAP operating income is expected in the range of $684-$694 million.

Datadog’s Zacks Rank & Other Stocks to Consider

Currently, Datadog carries a Zacks Rank #2 (Buy).

Vipshop (VIPS - Free Report) , Lumentum (LITE - Free Report) and NetEase, Inc. (NTES - Free Report) are some other top-ranked stocks that investors can consider in the broader Zacks Computer and Technology sector. While Vipshop sports a Zacks Rank #1 (Strong Buy) at present, Lumentum and NetEase carry a Zacks Rank #2 each. You can see the complete list of today’s Zacks #1 Rank stocks here.

VIPS and NTES are scheduled to report their respective second-quarter 2025 results on Aug. 14. LITE is slated to report its fourth-quarter fiscal 2025 results on Aug. 12.

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