DDOG Q3 2024 Earnings — Income Statement Breakdown
For its Q3 2024 period (ending 2024-09-30), DDOG reported revenue of $690M, gross profit of $552M (80.0% gross margin), operating income of $20M, and net income of $52M (7.5% net margin). The flow of revenue into costs and profit is visualized below.
What changed
DDOG was profitable; revenue grew 26.0% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +26.0% | +128.4% | +3.4 pp |
| Quarter over quarter | +6.9% | +18.0% | +0.7 pp |
Consensus estimate data is not available for this report.
DDOG Q3 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $690M | 100% |
| Cost of Revenue | −$138M | 20.0% |
| Gross Profit | $552M | 80.0% |
| Research & Development | −$292M | 42.3% |
| Selling, General & Administrative | −$240M | 34.8% |
| Operating Income | $20M | 2.9% |
| Interest Expense | −$2M | 0.2% |
| Other Income, net | $36M | 5.2% |
| Income Tax Expense | −$4M | 0.6% |
| Net Income | $52M | 7.5% |
Source: original SEC filing (filed 2024-11-07). Accession 0001561550-24-000171. Data normalized by EarningsFyi.