Every material Form 8-K Datadog filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Datadog increased its board from eight to nine members and appointed Amit Agarwal as a Class II director to fill the new seat, effective January 1, 2025. Mr. Agarwal's term runs to the 2027 Annual Meeting, and he is not expected to serve on any board committee at this time. The filing describes a routine board addition with no compensation paid to him, so it has limited direct financial effect on shareholders.
Board size increased from eight to nine members, with appointment made December 22, 2024
Amit Agarwal appointed Class II director, effective January 1, 2025, with term expiring at the 2027 Annual Meeting
No committee assignment currently expected; Mr. Agarwal declined all director compensation, including equity
Datadog completed a private offering of $1 billion in 0.00% convertible senior notes due December 1, 2029, including the full exercise of an option for up to an additional $130 million. The company reported net proceeds of $979.0 million and used part of them to buy back about $112.0 million of its 2025 convertible notes and to pay for capped call transactions, with the rest for general corporate purposes. The notes add a large amount of debt and could dilute shareholders if converted into shares.
Offering of $1 billion aggregate principal of 0.00% convertible senior notes due December 1, 2029, with the option for an additional $130 million exercised in full
Initial conversion price of approximately $217.60 per share, a premium of approximately 35% over the $161.19 closing price on December 9, 2024
Net proceeds of $979.0 million; $100.9 million used for capped call transactions and approximately $196.8 million used to repurchase about $112.0 million of 2025 notes
Company may not redeem the notes before December 6, 2027; holders may require repurchase at 100% of principal upon a fundamental change
Datadog reported third quarter 2024 results on November 7, 2024, with revenue of $690 million, up 26% from a year earlier, and GAAP net income of $51.7 million. The company also issued fourth quarter and full year 2024 revenue guidance of $709 million to $713 million and $2.656 billion to $2.660 billion, respectively, giving shareholders a current view of expected sales.
Q3 2024 revenue was $690 million, up 26% year over year; GAAP diluted EPS was $0.14 versus $0.06 a year earlier.
Non-GAAP diluted EPS was $0.46 versus $0.36 a year earlier; GAAP operating income was $20 million.
Operating cash flow was $229 million and free cash flow was $204 million for the quarter.
Q4 2024 revenue guidance is $709 million to $713 million; full year 2024 revenue guidance is $2.656 billion to $2.660 billion.
Datadog reported second quarter 2024 revenue of $645 million, up 27% from a year earlier, and GAAP net income of $0.12 per diluted share versus a loss of $0.01 a year earlier. The company also gave third quarter revenue guidance of $660 million to $664 million and full-year 2024 revenue guidance of $2.62 billion to $2.63 billion.
Q2 2024 revenue was $645 million, up 27% year-over-year; GAAP operating income was $13 million.
Non-GAAP net income per diluted share was $0.43, versus $0.29 in Q2 2023.
Customers with ARR of $100,000 or more rose about 13% to about 3,390 as of June 30, 2024.
Q3 2024 revenue outlook is $660 million to $664 million; full-year 2024 revenue outlook is $2.62 billion to $2.63 billion.
Datadog reported first-quarter 2024 revenue of $611 million, up 27% year-over-year, and GAAP net income of $42.6 million compared with a loss a year earlier. The company also said President Amit Agarwal will step down effective December 31, 2024, and is expected to join the Board afterward, which is a senior leadership change for shareholders to track.
Q1 2024 revenue was $611 million, up 27% year-over-year; about 3,340 customers had ARR of $100,000 or more, up 15% from about 2,910 a year earlier.
GAAP net income was $42.6 million, or $0.12 per diluted share, versus a net loss of $24.1 million in Q1 2023; non-GAAP net income per diluted share was $0.44.
Second quarter 2024 revenue guidance is $620 million to $624 million; full year 2024 revenue guidance is $2.59 billion to $2.61 billion.
Amit Agarwal will remain President until December 31, 2024, and the Board intends to increase its size from eight to nine to appoint him.
Datadog reported fourth-quarter 2023 revenue of $589.6 million, up 26% from a year earlier, and full-year 2023 revenue of $2.13 billion, up 27%. GAAP net income for the quarter was $54.0 million, compared with a loss of $29.0 million in the same quarter of 2022. The company also gave 2024 guidance of $2.555 billion to $2.575 billion in full-year revenue and $587 million to $591 million in first-quarter revenue.
Q4 2023 revenue was $589.6 million, up 26% year-over-year; GAAP diluted EPS was $0.15 versus a loss of $0.09 a year earlier.
Full-year 2023 revenue was $2.13 billion, up 27%, with operating cash flow of $660.0 million and free cash flow of $597.5 million.
First-quarter 2024 revenue outlook is $587 million to $591 million; full-year 2024 revenue outlook is $2.555 billion to $2.575 billion.
Customers with ARR of $1 million or more rose to 396 from 317 a year earlier, a 25% increase.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Datadog filing is on SEC EDGAR ↗. 8-K briefs of other companies →