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Datadog helps development, operations and security teams see how cloud applications are running and investigate performance problems or security threats. Its platform brings together infrastructure metrics, application activity, logs and security signals, letting teams connect information that would otherwise sit in separate tools. Customers can buy individual products or use them together.
Organizations pay for subscriptions, which account for almost all revenue; annual subscriptions provide most of it. Charges depend on the products and usage customers choose, with additional charges when usage exceeds agreed commitments. Customers can expand spending by monitoring more hosts, processing more data or adding products.
The business depends on customers renewing subscriptions and maintaining or increasing usage. Datadog also relies on third-party hosting services for substantially all of its cloud infrastructure. Privacy rules govern how it handles and transfers customer data, while export controls and sanctions can restrict where it sells or customers deploy its software.
The risk section is the longest, dullest part of the filing. This keeps only what can really hurt you: where it hits, how hard, when it plays out.
Every company claims an edge. Each one is checked against hard numbers like margins and returns: which hold, and which line gives way first.
Datadog’s results hinge on customers’ cloud-workload growth and monitoring spending, with privately held New Relic and Grafana also important monitoring rivals outside this list.
Dynatrace, Inc. competes for the customers paying Datadog to monitor applications and infrastructure and bring logs and security data together. Watch adoption of its Grail data platform, which consolidates those signals rather than leaving customers with separate tools.
Elastic N.V. competes with Datadog for subscriptions that help customers monitor applications, analyze logs and address security. Watch customers expanding their use of Elastic Observability, rather than treating all of Elastic’s search and security business as a measure of Datadog’s market.
Cisco competes with Datadog through AppDynamics application-performance monitoring and Splunk log management, but its networking business makes overall results a less direct comparison. Focus on those monitoring businesses, not sales of switches, routers and other networking equipment.
PagerDuty, Inc. competes with Datadog’s OnCall and automated incident-resolution tools for software-operations teams’ spending on responding to outages and other problems. Watch enterprise customers expanding paid users and platform usage in PagerDuty’s subscription business.
Snowflake and Datadog both feel customers expanding or optimizing cloud workloads: customers pay Snowflake for cloud-data platform consumption and Datadog for monitoring usage. Watch growth in Snowflake’s existing-customer consumption for a read on willingness to spend on cloud workloads.
Amazon’s AWS serves customers’ cloud workloads that drive Datadog monitoring usage, while its own monitoring products compete for the same spending. Watch AWS workload demand and native monitoring offerings rather than Amazon’s retail results.
Microsoft’s Azure supplies the cloud capacity customers use for applications Datadog monitors, but also sells native monitoring tools that compete with Datadog. Azure workload growth and monitoring offerings are the parts to watch, rather than Microsoft’s broader software and device sales.
MongoDB supplies databases for cloud applications whose growing workloads also raise demand for Datadog’s usage-based monitoring. Watch Atlas, the service customers pay MongoDB to host and manage their databases, for the clearest view of its cloud-application business.
Cloudflare and Datadog both benefit from expanding Internet-application activity: businesses pay Cloudflare to improve applications’ speed, reliability and security, and Datadog to monitor performance and security. Watch customers adding Cloudflare application-service products as their needs grow.
Netscout Systems Inc competes with Datadog for enterprise spending on network and application-performance monitoring. Its sales to telecommunications operators also cover service assurance, so enterprise monitoring demand is a closer comparison for Datadog than NetScout’s whole business.
Amplitude, Inc. competes with Datadog’s Product Analytics, launched in 2025, for teams paying to understand how users interact with digital products. Watch paying-customer growth and customers expanding their use of Amplitude’s analytics subscriptions.
Microsoft Corp earningsMSFT
Microsoft’s report will show whether application workloads on Azure are growing and whether its own monitoring tools are gaining ground, both of which matter to Datadog customers’ usage and choices.
Watch Azure workload growth alongside the performance of Microsoft’s monitoring products. Faster workload growth means more application activity on Azure that could drive Datadog monitoring usage; stronger adoption of Microsoft’s own tools would make those customers harder for Datadog to win. If workloads weaken while Microsoft’s tools gain ground, Datadog faces less demand support and more direct competition.
Datadog, Inc. earningsThis company
Datadog grows as customers add usage and subscriptions for its cloud monitoring and security products, and this report will show whether that expansion can keep lifting revenue without cloud-hosting costs taking a bigger toll.
Read subscription revenue growth alongside dollar-based net retention, which shows how spending by existing customers changes, and gross margin. Stronger revenue and retention with margin holding steady would show that customer expansion is still driving growth without hosting costs consuming much of the added revenue. If revenue or retention weakens while margin falls, growth has less support from existing customers and cloud-hosting costs are taking a larger bite.
Dynatrace, Inc. earningsDT
Dynatrace, Inc.’s report will show whether customers are expanding their use of its Grail platform to bring monitoring data together, a read on its competition with Datadog for enterprise monitoring spending.
Watch whether Dynatrace, Inc. customers expand their use of Grail, and compare that adoption with Datadog’s customer expansion and use of multiple products. Rising Grail adoption would show customers entrusting more monitoring signals to a consolidated platform, strengthening an alternative to Datadog; limited adoption would point to less pressure from this competitive approach.
Snowflake Inc. earningsSNOW
Snowflake’s report will show whether existing customers are increasing or slowing their use of cloud data services, a clue to demand for the cloud-application workloads Datadog monitors.
Watch consumption growth from Snowflake’s existing customers. Faster consumption would show customers expanding cloud-data workloads, which could lift Datadog monitoring usage; slower consumption would mean less support from this source, though Snowflake alone cannot establish that Datadog customers are changing spending by the same amount.
