Datadog, Inc. Liquidation Value
Cash & Equivalents
Key Metrics
Cash Liquidation Value
- Finance Lease Liability: not reported
- Long-Term Debt: not reported
Liquid Liquidation Value
- Finance Lease Liability: not reported
- Long-Term Debt: not reported
Operating Liquidation Value
- Finance Lease Liability: not reported
- Inventory: not reported
- Long-Term Debt: not reported
Build your own liquidation scenario
Adjust asset discounts and liability assumptions to see how assumptions affect the numbers.
Liquidation Ladder
| Metric | Total | Per Share |
|---|---|---|
| Cash Liquidation Value | $-1.49B | $-4.21 |
| Liquid Liquidation Value | $-808.26M | $-2.29 |
| Operating Liquidation Value | $-808.26M | $-2.29 |
Key Components (as of 2026-03-31)
| Cash & Equivalents | $426.36M |
| Accounts Receivable | $680.43M |
| Inventory | N/A |
| Current Liabilities | $1.66B |
| Long-term Debt | N/A |
| Op. Lease Liability | $259.15M |
| Finance Lease | N/A |
| Shares Outstanding | 353.3M |
Explore all 152 XBRL tags and build your own scenario → Open Calculator
Historical
| Period | Cash | AR | Inventory | AP | Curr Liab | LT Debt | Op Lease | Fin Lease |
|---|---|---|---|---|---|---|---|---|
| 2026-03-31 | $426.36M | $680.43M | N/A | $174.80M | $1.66B | N/A | $259.15M | N/A |
| 2025-12-31 | $401.31M | $741.26M | N/A | $148.79M | $1.59B | N/A | $256.19M | N/A |
| 2025-09-30 | $540.60M | $549.65M | N/A | $135.24M | $1.32B | N/A | $260.93M | N/A |
| 2025-06-30 | $489.03M | $604.17M | N/A | $198.77M | $1.35B | N/A | $243.12M | N/A |
| 2025-03-31 | $1.08B | $490.17M | N/A | $98.44M | $1.85B | N/A | $227.97M | N/A |
| 2024-12-31 | $1.25B | $598.92M | N/A | $107.73M | $1.86B | N/A | $196.91M | N/A |
| 2024-09-30 | $337.42M | $487.06M | N/A | $92.00M | $1.78B | N/A | $197.04M | N/A |
| 2024-06-30 | $410.96M | $533.29M | N/A | $115.99M | $1.79B | N/A | $193.84M | N/A |
SEC Filings
| Period | Form | Filed | Link |
|---|---|---|---|
| 2026-03-31 | 10-Q | 2026-05-07 | View |
| 2025-12-31 | 10-K | 2026-02-18 | View |
| 2025-09-30 | 10-Q | 2025-11-07 | View |
| 2025-06-30 | 10-Q | 2025-08-08 | View |
| 2025-03-31 | 10-Q | 2025-05-07 | View |
| 2024-12-31 | 10-K | 2025-02-20 | View |
| 2024-09-30 | 10-Q | 2024-11-08 | View |
| 2024-06-30 | 10-Q | 2024-08-09 | View |
AI Insights
Datadog (DDOG) as of March 31, 2026 presents a strongly negative liquidation recovery to equity under the balance-sheet lens, consistent with prior periods. MFFAIS reports a cash liquidation value of negative $1.49B and a liquid/operating liquidation value of negative $808M. The structure driving this outcome is characteristic of a SaaS going concern: the asset side is dominated by cash and marketable securities (haircut-immune at 100%) but is offset by a large deferred revenue liability stack carried at face value on windup, and the goodwill and intangible base is zeroed under the liquidation assumption.
Asset side: Total assets of $6.95B are composed primarily of $426M cash (100% recovery), $4.33B in marketable securities classified as available-for-sale debt instruments (corporate debt, commercial paper, CDs, treasuries, agencies — recoverable at or near face given investment-grade composition and short duration; $2.9B matures within 12 months), $680M gross AR ($21M allowance; net $659M, applying 90-95% haircut yields ~$620-625M), $379M net PP&E (applying 50-70% haircut yields ~$190-265M), $541M goodwill (zero recovery), $15M net intangibles (zero recovery), $218M deferred contract costs (zero recovery), and $213M right-of-use assets (zero or minimal recovery absent subleases).
Liability side carried at face: Total liabilities of $2.96B include $1.28B deferred revenue (current $1.23B + noncurrent $51M) — a pure liquidation liability with no offsetting asset recovery; $984M convertible notes due 2029 at carrying value (principal $1.0B, issued December 2024); $300M operating lease obligations ($41M current, $259M noncurrent, undiscounted $382M); $175M accounts payable and accrued liabilities; and $208M other current liabilities. Deferred revenue and the convertible note principal together represent approximately $2.28B of face-value liabilities on windup.
The CLV improvement since the annual filing (December 31, 2025) is marginal. The convertible note ($1.0B principal, issued December 2024) was already on balance sheet at year-end; no material new debt was incurred this quarter. Capitalized software development costs grew from $18.4M to $34.2M quarterly run-rate, incrementally adding to the zero-recovery intangible asset pool. The operating lease undiscounted commitment of $382M represents a durable obligation stack. The filing does not separately tag purchase commitments for cloud hosting in XBRL (discussed extensively in MD&A as a primary commitment category) — that off-balance-sheet obligation is not reflected in the liquidation liability calculation but would worsen recovery if quantified.
▼ Community Notes