DDOG Q1 2024 Earnings — Income Statement Breakdown
For its Q1 2024 period (ending 2024-03-31), DDOG reported revenue of $611M, gross profit of $501M (82.0% gross margin), operating income of $12M, and net income of $43M (7.0% net margin). The flow of revenue into costs and profit is visualized below.
What changed
DDOG was profitable; revenue grew 3.7% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +3.7% | −21.0% | −2.2 pp |
Consensus estimate data is not available for this report.
DDOG Q1 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $611M | 100% |
| Cost of Revenue | −$110M | 18.0% |
| Gross Profit | $501M | 82.0% |
| Research & Development | −$270M | 44.2% |
| Selling, General & Administrative | −$219M | 35.9% |
| Operating Income | $12M | 2.0% |
| Interest Expense | −$1M | 0.2% |
| Other Income, net | $34M | 5.6% |
| Income Tax Expense | −$4M | 0.6% |
| Net Income | $43M | 7.0% |
Source: original SEC filing (filed 2024-05-07). Accession 0001561550-24-000048. Data normalized by EarningsFyi.