Dynatrace, Inc. (DT)

Latest 10-K (filed 2026-05-20)

Income Statement

Consolidated Statement of Income

Dynatrace, Inc. (DT)

Year Ended (In thousands, except shares and per share data)

Mar 31, 2026 Mar 31, 2025 Mar 31, 2024
        Total revenue $2,018,387 $1,698,683 $1,430,530
Subscription $1,929,722 $1,622,163 $1,359,354
Service $88,665 $76,520 $71,176
          Cost of revenues $368,716 $306,930 $250,188
Subscription $284,611 $233,299 $184,765
Service $84,105 $73,631 $65,423
          Amortization of acquired technology $3,488 $13,262 $16,265
        Total cost of revenue $372,204 $320,192 $266,453
        Gross profit $1,646,183 $1,378,491 $1,164,077
          Research and development $474,312 $384,572 $304,739
          Sales and marketing $690,489 $605,599 $534,233
          General and administrative $217,414 $195,347 $174,412
          Amortization of other intangibles $56 $13,540 $22,293
          Impairment of long-lived assets $18,525
        Total operating expenses $1,400,796 $1,199,058 $1,035,677
        Income from operations 245,387 179,433 128,400
        Interest income, net $47,731 $48,281 $37,284
        Other income (expense), net $6,643 $(4,285) $(10,769)
      Income before income taxes $299,761 $223,429 $154,915
      Income tax (expense) benefit $(137,092) $260,255 $(283)
      Net income $162,669 $483,684 $154,632
        Basic (in dollars per share) 0.54 1.62 0.53
        Diluted (in dollars per share) 0.54 1.59 0.52
        Basic (in shares) 300,102 298,384 294,051
        Diluted (in shares) 303,727 303,602 299,280

Balance Sheet

Consolidated Balance Sheets

Dynatrace, Inc. (DT)

As of March 31, 2026 and March 31, 2025 (In thousands, except shares and per share data)

Mar 31, 2026 Mar 31, 2025
        Cash and cash equivalents $1,097,220 $1,017,039
        Short-term marketable securities $74,881 $96,189
        Accounts receivable, net $710,200 $624,437
        Deferred contract costs, current $127,495 $109,895
        Prepaid expenses and other current assets $113,651 $83,901
      Total current assets $2,123,447 $1,931,461
      Long-term marketable securities $51,908 $51,648
      Property and equipment, net $72,993 $61,522
      Operating lease right-of-use asset, net $139,285 $67,479
      Goodwill $1,350,256 $1,336,435
      Intangible assets, net $22,850 $25,534
      Deferred tax assets, net $508,742 $529,550
      Deferred contract costs, non-current $113,111 $95,297
      Other assets $33,133 $40,752
    Total assets $4,415,725 $4,139,678
        Accounts payable $2,728 $27,286
        Accrued expenses, current $302,260 $252,503
        Deferred revenue, current $1,241,488 $1,087,518
        Operating lease liabilities, current $22,588 $13,979
      Total current liabilities $1,569,064 $1,381,286
      Deferred revenue, non-current $53,387 $50,989
      Accrued expenses, non-current $38,205 $24,452
      Operating lease liabilities, non-current $141,736 $61,384
      Deferred tax liabilities $1,943 $419
      Total liabilities $1,804,335 $1,518,530
      Commitments and contingencies (Note 13)
      Common shares, $0.001 par value, 600,000,000 shares authorized, 286,053,276 and 283,130,238 shares issued and outstanding at March 31, 2022 and 2021, respectively $295 $300
      Additional paid-in capital $2,199,494 $2,370,563
      Retained earnings $447,596 $284,927
      Accumulated other comprehensive loss $(35,995) $(34,642)
      Total shareholders' equity $2,611,390 $2,621,148
    Total liabilities and shareholders' equity $4,415,725 $4,139,678

Cash Flow

Consolidated Statement of Cash Flows

Dynatrace, Inc. (DT)

Year Ended (In thousands, except shares and per share data)

Mar 31, 2026 Mar 31, 2025 Mar 31, 2024
      Net income $162,669 $483,684 $154,632
      Depreciation $18,446 $19,236 $15,499
      Amortization $5,613 $28,868 $39,441
      Share-based compensation $299,626 $271,703 $208,896
      Deferred income taxes $25,132 $(392,942) $(59,915)
      Impairment of long-lived assets $18,525
      Other $(6,928) $2,035 $11,216
        Accounts receivable $(77,127) $(24,026) $(161,888)
        Deferred contract costs $(31,057) $(14,648) $(23,520)
        Prepaid expenses and other assets $(15,977) $(36,593) $(47,401)
        Accounts payable and accrued expenses $25,896 $31,534 $37,896
        Operating leases, net $2,434 $(231) $1,026
        Deferred revenue $134,598 $90,799 $202,227
    Net cash provided by operating activities $561,850 $459,419 $378,109
      Purchase of property and equipment $(32,173) $(26,106) $(26,459)
      Capitalized software additions $(194) $(2,696) $(5,268)
      Acquisition of businesses, net of cash acquired $(6,000) $(100) $(57,111)
      Purchases of marketable securities $(120,306) $(145,555) $(104,210)
      Proceeds from sales and maturities of marketable securities $143,729 $105,142
      Other $(750)
    Net cash used in investing activities $(15,694) $(69,315) $(193,048)
      Proceeds from employee stock purchase plan $24,390 $21,159 $19,472
      Proceeds from exercise of stock options $6,487 $20,995 $31,191
      Repurchases of common stock $(478,708) $(172,618)
      Taxes paid related to net share settlement of equity awards $(21,845) $(18,958)
      Other $(4,418) $(2,208)
    Net cash (used in) provided by financing activities $(474,094) $(151,630) $50,663
    Effect of exchange rates on cash and cash equivalents $8,119 $(418) $(12,089)
  Net increase in cash and cash equivalents $80,181 $238,056 $223,635
  Cash and cash equivalents, end of year
  Cash and cash equivalents, end of year
    Cash paid for interest $749 $753 $851
    Cash paid for tax, net $117,584 $117,979 $81,360
    Excise taxes on repurchases of common stock in accrued expenses $1,731
    Capitalized software additions in accounts payable and accrued expenses $567 $6,073