DDOG Q2 2024 Earnings — Income Statement Breakdown
For its Q2 2024 period (ending 2024-06-30), DDOG reported revenue of $645M, gross profit of $522M (80.9% gross margin), operating income of $13M, and net income of $44M (6.8% net margin). The flow of revenue into costs and profit is visualized below.
What changed
DDOG was profitable; revenue grew 5.6% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +5.6% | +2.8% | −0.2 pp |
Consensus estimate data is not available for this report.
DDOG Q2 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $645M | 100% |
| Cost of Revenue | −$123M | 19.1% |
| Gross Profit | $522M | 80.9% |
| Research & Development | −$275M | 42.6% |
| Selling, General & Administrative | −$235M | 36.4% |
| Operating Income | $13M | 2.0% |
| Interest Expense | −$1M | 0.2% |
| Other Income, net | $35M | 5.5% |
| Income Tax Expense | −$4M | 0.6% |
| Net Income | $44M | 6.8% |
Source: original SEC filing (filed 2024-08-08). Accession 0001561550-24-000109. Data normalized by EarningsFyi.