• Datadog average return on tangible equity for 2023 was -3.79, a 161.38% decline from 2022.
• Datadog average return on tangible equity for 2022 was -1.45, a 70.77% increase from 2021.
• Datadog average return on tangible equity for 2021 was -4.96, a 457.3% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.