Dynatrace, Inc. DT
Dynatrace combines broad and deep observability, continuous runtime application security, and advanced agentic AI operations to deliver answers and intelligent automation across IT operations, development, security, business, and executive teams. This unified approach enables organizations to optimize their rapidly evolving AI, cloud, and IT operations, accelerate secure software delivery, and improve digital performance. Our vision is a world where software works perfectly.
The Dynatrace platform is built to scale, partnering and integrating seamlessly into hybrid, multicloud ecosystems, including major hyperscalers such as Amazon Web Services ("AWS"), Microsoft Azure ("Azure"), and Google Cloud Platform ("GCP"), as well as traditional on-premises and mainframe solutions.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.02B | $1.70B | $1.43B | $1.16B | $929.4M | $703.5M | $545.8M | $431.0M | $398.0M | — |
| Cost of revenue | $372.2M | $320.2M | $266.5M | $222.9M | $172.9M | $127.7M | $128.9M | $106.8M | $96.5M | — |
| Gross profit | $1.65B | $1.38B | $1.16B | $935.6M | $756.6M | $575.8M | $416.9M | $324.2M | $301.5M | — |
| R&D | $474.3M | $384.6M | $304.7M | $218.3M | $156.3M | $111.4M | $119.3M | $76.8M | $58.3M | — |
| SG&A | $217.4M | $195.3M | $174.4M | $150.2M | $126.6M | $92.2M | $162.0M | $91.8M | $64.1M | — |
| Total operating expenses | $1.40B | $1.20B | $1.04B | $842.8M | $675.3M | $483.9M | $588.8M | $396.9M | $323.3M | — |
| Operating income | $245.4M | $179.4M | $128.4M | $92.8M | $81.3M | $91.9M | -$171.9M | -$72.7M | -$21.8M | — |
| Interest expense | $800.0K | $1.0M | $1.4M | $8.6M | $10.4M | — | — | — | — | — |
| Pre-tax income | $299.8M | $223.4M | $154.9M | $90.0M | $71.7M | $77.9M | -$218.5M | -$139.9M | -$51.8M | — |
| Income tax | $137.1M | $260.3M | $283.0K | $18.0M | $19.2M | $2.1M | $195.3M | $23.7M | $61.0M | — |
| Net income | $163.0M | $484.0M | $155.0M | $108.0M | $52.0M | $75.7M | -$413.8M | -$116.2M | $9.2M | — |
| EPS, basic | 0.54 | 1.62 | 0.53 | 0.38 | 0.18 | 0.27 | -1.56 | — | — | — |
| EPS, diluted | 0.54 | 1.59 | 0.52 | 0.37 | 0.18 | 0.26 | -1.56 | — | — | — |
| Shares, diluted (wtd. avg.) | $303.7M | $303.6M | $299.3M | $291.6M | $290.9M | $286.5M | $264.9M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.10B | $1.02B | $779.0M | $555.3M | $463.0M | $325.0M | $213.2M | $51.3M | $77.6M | $57.9M |
| Short-term investments | $74.9M | $96.2M | $57.9M | $0 | — | — | — | — | — | — |
| Receivables | $710.2M | $624.4M | $602.7M | $442.5M | $350.7M | $242.1M | $157.1M | $115.4M | — | — |
| Total current assets | $2.12B | $1.93B | $1.61B | $1.12B | $948.4M | $680.3M | $487.8M | $213.2M | — | — |
| Property, plant and equipment | $73.0M | $61.5M | $53.3M | $53.6M | $45.3M | $36.9M | $31.5M | $17.9M | — | — |
| Goodwill | $1.35B | $1.34B | $1.34B | $1.28B | $1.28B | $1.27B | $1.27B | $1.27B | — | — |
| Other intangibles | $22.9M | $25.5M | $51.0M | $63.6M | $105.7M | $149.5M | $201.6M | $259.1M | — | — |
| Total assets | $4.42B | $4.14B | $3.41B | $2.77B | $2.54B | $2.26B | $2.05B | $1.81B | — | — |
| Accounts payable | $2.7M | $27.3M | $21.4M | $22.0M | $22.7M | $9.6M | $11.1M | $6.6M | — | — |
| Short-term debt | — | — | — | — | $0 | $0 | $0 | $9.5M | — | — |
| Total current liabilities | $1.57B | $1.38B | $1.26B | $1.04B | $865.6M | $647.9M | $490.2M | $950.9M | — | — |
| Long-term debt | — | — | — | $0 | $273.9M | $391.9M | $510.0M | $1.01B | — | — |
| Total liabilities | $1.80B | $1.52B | $1.39B | $1.16B | $1.24B | $1.14B | $1.08B | $2.20B | — | — |
| Retained earnings | $447.6M | $284.9M | -$198.8M | -$353.4M | -$461.3M | -$513.8M | -$589.8M | -$176.0M | — | — |
| Total equity | $2.61B | $2.62B | $2.02B | $1.60B | $1.30B | $1.11B | $965.7M | -$390.3M | -$268.7M | -$264.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $561.9M | $459.4M | $378.1M | $354.9M | $250.9M | $220.4M | -$142.5M | $147.1M | $118.8M | — |
| Depreciation and amortisation | $18.4M | $19.2M | $15.5M | $12.5M | $10.6M | $9.0M | $7.9M | $7.3M | $8.8M | — |
| Stock-based compensation | $299.6M | $271.7M | $208.9M | $146.9M | $99.5M | $57.8M | $222.5M | $71.2M | $22.3M | — |
| Capital expenditure | $32.2M | $26.1M | $26.5M | $21.5M | $17.7M | $14.1M | $19.7M | $7.4M | $11.6M | — |
| Investing cash flow | -$15.7M | -$69.3M | -$193.0M | -$21.5M | -$30.9M | -$13.9M | -$20.6M | -$9.2M | -$26.5M | — |
| Financing cash flow | -$474.1M | -$151.6M | $50.7M | -$232.3M | -$80.7M | -$97.8M | $329.4M | -$161.5M | -$75.5M | — |
| Buybacks | $478.7M | $172.6M | $0 | $0 | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001773383-26-000031.
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