In the latest data point for Q1'26, Datadog (DDOG) reported a ROE of 1.32%, a ROA of 0.76%, and a ROIC of 1.06%. These figures indicate a continued recovery in capital efficiency compared to the lows seen in mid-2025. From Q2'23 to Q1'26, the company's profitability metrics exhibited significant volatility, initially transitioning from negative territory to a peak in Q4'23, where ROE reached 2.67%. Following this peak, there was a notable downward trend reaching a near-zero trough in Q2'25, but the data shows a consistent quarter-over-quarter improvement through Q1'26. Throughout the entire period, ROE remained the most volatile metric, while ROA and ROIC followed a similar trajectory at more conservative levels.