As of Q4'25, DDOG reported Cash & Short-term Investments of USD 4.47B and Debt of USD 1.28B. This marks the highest cash position in the observed period, with debt levels remaining relatively stable compared to the previous quarter. From Q1'23 to Q4'25, DDOG’s cash reserves demonstrated a strong upward trend, rising from USD 2.02B to USD 4.47B, with notable acceleration after Q4'24. Debt remained steady near USD 850M–970M through 2023 and most of 2024, but saw a sharp increase to USD 1.84B in Q4'24 before stabilizing around USD 1.28B in 2025. Overall, the company’s liquidity position has strengthened significantly, outpacing debt growth over the period.