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Side-by-side financial comparison of Datadog (DDOG) and Virtu Financial, Inc. (VIRT). Click either name above to swap in a different company.
Virtu Financial, Inc. is the larger business by last-quarter revenue ($1.1B vs $953.2M, roughly 1.1× Datadog). Virtu Financial, Inc. runs the higher net margin — 31.6% vs 4.9%, a 26.8% gap on every dollar of revenue. On growth, Virtu Financial, Inc. posted the faster year-over-year revenue change (30.7% vs 29.2%). Over the past eight quarters, Virtu Financial, Inc.'s revenue compounded faster (25.7% CAGR vs 24.9%).
Datadog, Inc. is an American company that provides an observability service for cloud-scale applications, providing monitoring of servers, databases, tools, and services, through a SaaS-based data analytics platform. Founded and headquartered in New York City, the company is a publicly traded entity on the Nasdaq stock exchange.
Virtu Financial, Inc. is an American high-frequency trading company. The company went public on the Nasdaq in 2015.
DDOG vs VIRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $953.2M | $1.1B |
| Net Profit | $46.6M | $346.6M |
| Gross Margin | 80.4% | — |
| Operating Margin | 1.0% | 37.4% |
| Net Margin | 4.9% | 31.6% |
| Revenue YoY | 29.2% | 30.7% |
| Net Profit YoY | 2.1% | 82.8% |
| EPS (diluted) | $0.13 | $1.99 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $1.1B | ||
| Q4 25 | $953.2M | $969.9M | ||
| Q3 25 | $885.7M | $824.8M | ||
| Q2 25 | $826.8M | $999.6M | ||
| Q1 25 | $761.6M | $837.9M | ||
| Q4 24 | $737.7M | $834.3M | ||
| Q3 24 | $690.0M | $706.8M | ||
| Q2 24 | $645.3M | $693.0M |
| Q1 26 | — | $346.6M | ||
| Q4 25 | $46.6M | $139.9M | ||
| Q3 25 | $33.9M | $77.6M | ||
| Q2 25 | $2.6M | $151.2M | ||
| Q1 25 | $24.6M | $99.7M | ||
| Q4 24 | $45.6M | $94.1M | ||
| Q3 24 | $51.7M | $60.0M | ||
| Q2 24 | $43.8M | $66.6M |
| Q1 26 | — | — | ||
| Q4 25 | 80.4% | — | ||
| Q3 25 | 80.1% | — | ||
| Q2 25 | 79.9% | — | ||
| Q1 25 | 79.3% | — | ||
| Q4 24 | 80.5% | — | ||
| Q3 24 | 80.0% | — | ||
| Q2 24 | 80.9% | — |
| Q1 26 | — | 37.4% | ||
| Q4 25 | 1.0% | 35.4% | ||
| Q3 25 | -0.7% | 21.8% | ||
| Q2 25 | -4.3% | 34.7% | ||
| Q1 25 | -1.6% | 26.7% | ||
| Q4 24 | 1.3% | 24.3% | ||
| Q3 24 | 2.9% | 20.8% | ||
| Q2 24 | 2.0% | 22.4% |
| Q1 26 | — | 31.6% | ||
| Q4 25 | 4.9% | 14.4% | ||
| Q3 25 | 3.8% | 9.4% | ||
| Q2 25 | 0.3% | 15.1% | ||
| Q1 25 | 3.2% | 11.9% | ||
| Q4 24 | 6.2% | 11.3% | ||
| Q3 24 | 7.5% | 8.5% | ||
| Q2 24 | 6.8% | 9.6% |
| Q1 26 | — | $1.99 | ||
| Q4 25 | $0.13 | $1.54 | ||
| Q3 25 | $0.10 | $0.86 | ||
| Q2 25 | $0.01 | $1.65 | ||
| Q1 25 | $0.07 | $1.08 | ||
| Q4 24 | $0.14 | $1.03 | ||
| Q3 24 | $0.14 | $0.64 | ||
| Q2 24 | $0.12 | $0.71 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $401.3M | $973.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.7B | $2.2B |
| Total Assets | $6.6B | $25.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $973.2M | ||
| Q4 25 | $401.3M | $1.1B | ||
| Q3 25 | $540.6M | $707.9M | ||
| Q2 25 | $489.0M | $752.1M | ||
| Q1 25 | $1.1B | $723.6M | ||
| Q4 24 | $1.2B | $872.5M | ||
| Q3 24 | $337.4M | $701.4M | ||
| Q2 24 | $411.0M | $684.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.7B |
| Q1 26 | — | $2.2B | ||
| Q4 25 | $3.7B | $1.6B | ||
| Q3 25 | $3.4B | $1.5B | ||
| Q2 25 | $3.2B | $1.4B | ||
| Q1 25 | $2.9B | $1.3B | ||
| Q4 24 | $2.7B | $1.3B | ||
| Q3 24 | $2.6B | $1.2B | ||
| Q2 24 | $2.4B | $1.2B |
| Q1 26 | — | $25.1B | ||
| Q4 25 | $6.6B | $20.2B | ||
| Q3 25 | $6.1B | $21.3B | ||
| Q2 25 | $5.8B | $19.3B | ||
| Q1 25 | $6.0B | $17.5B | ||
| Q4 24 | $5.8B | $15.4B | ||
| Q3 24 | $4.6B | $14.4B | ||
| Q2 24 | $4.4B | $13.9B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.29× | ||
| Q3 25 | — | 1.40× | ||
| Q2 25 | — | 1.24× | ||
| Q1 25 | — | 1.33× | ||
| Q4 24 | — | 1.39× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | — | 1.41× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $327.1M | — |
| Free Cash FlowOCF − Capex | $318.2M | — |
| FCF MarginFCF / Revenue | 33.4% | — |
| Capex IntensityCapex / Revenue | 0.9% | — |
| Cash ConversionOCF / Net Profit | 7.02× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.0B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $327.1M | $518.4M | ||
| Q3 25 | $251.5M | $-68.7M | ||
| Q2 25 | $200.1M | $62.8M | ||
| Q1 25 | $271.5M | $15.0M | ||
| Q4 24 | $265.2M | $599.0M | ||
| Q3 24 | $228.7M | $112.1M | ||
| Q2 24 | $164.4M | $490.8M |
| Q1 26 | — | — | ||
| Q4 25 | $318.2M | $495.6M | ||
| Q3 25 | $234.7M | $-76.7M | ||
| Q2 25 | $184.9M | $57.6M | ||
| Q1 25 | $262.8M | $9.2M | ||
| Q4 24 | $257.5M | $586.6M | ||
| Q3 24 | $220.3M | $106.2M | ||
| Q2 24 | $160.0M | $486.9M |
| Q1 26 | — | — | ||
| Q4 25 | 33.4% | 51.1% | ||
| Q3 25 | 26.5% | -9.3% | ||
| Q2 25 | 22.4% | 5.8% | ||
| Q1 25 | 34.5% | 1.1% | ||
| Q4 24 | 34.9% | 70.3% | ||
| Q3 24 | 31.9% | 15.0% | ||
| Q2 24 | 24.8% | 70.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.9% | 2.4% | ||
| Q3 25 | 1.9% | 1.0% | ||
| Q2 25 | 1.8% | 0.5% | ||
| Q1 25 | 1.1% | 0.7% | ||
| Q4 24 | 1.1% | 1.5% | ||
| Q3 24 | 1.2% | 0.8% | ||
| Q2 24 | 0.7% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 7.02× | 3.71× | ||
| Q3 25 | 7.42× | -0.89× | ||
| Q2 25 | 75.58× | 0.42× | ||
| Q1 25 | 11.02× | 0.15× | ||
| Q4 24 | 5.82× | 6.37× | ||
| Q3 24 | 4.42× | 1.87× | ||
| Q2 24 | 3.75× | 7.37× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DDOG
| North America | $678.7M | 71% |
| International | $274.5M | 29% |
VIRT
| Trading income, net | $789.1M | 72% |
| Commissions, net and technology services | $186.6M | 17% |
| Other | $119.6M | 11% |
