DT — what changed in the latest 10-Q
A section-by-section comparison of DT's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-11-03 vs the prior 10-Q · 2026-08-05
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +52 | −25 | ~14 | 42 |
| Market risk (Item 3) | Text added/removed | +2 | −1 | ~1 | 5 |
| Controls & procedures | Text added/removed | 0 | 0 | ~3 | 0 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | Some risk factors updated | +13 | −2 | ~30 | 246 |
| Other information | Text added/removed | +2 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-11-03
Three Months Ended September 30,Six Months Ended September 30,
Three Months Ended September 30,Six Months Ended September 30,
Employer payroll taxes on employee stock transactions3,186 2,165 9,644 10,190
Acquisition-related, restructuring, and other4,676 — 12,369 —
Three Months Ended September 30,Six Months Ended September 30,
Text removed vs the prior filing · source: 10-Q · 2026-08-05
Employer payroll taxes on employee stock transactions6,458 8,025
Cash paid for acquisition-related, restructuring, and other costs6,088 141
Subscription revenue increased by $72.7 million, or 16%, for the three months ended June 30, 2026 as compared to the three months ended June 30, 2025, primarily due to existing customers expanding their use of the Dynatrace platform combined with the adoption of our solutions by new customers.
Service revenue increased by $4.5 million, or 22%, for the three months ended June 30, 2026 as compared to the three months ended June 30, 2025. The increase was primarily due to growth in customer demand for product enablement and adoption services.
Cost of subscription increased by $15.2 million, or 23%, for the three months ended June 30, 2026 as compared to the three months ended June 30, 2025. The increase was primarily due to increased cloud-based hosting costs of $13.3 million to support the growing usage of our SaaS platform.
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-11-03
As of September 30, 2026, the 2031 Notes had an aggregate principal amount outstanding of $1,437.5 million. The 2031 Notes do not bear regular interest and the principal amount of the 2031 Notes does not accrete. Accordingly, we do not have economic interest rate exposure on the 2031 Notes. However,…
As of September 30, 2026, we also had the 2026 Credit Facility in place, with availability of $500.0 million. The Credit Facility bears interest based on (i) the Term Secured Overnight Financing Rate, (ii) the Euro Interbank Offer Rate, (iii) the Adjusted Term Canadian Overnight Repo Rate, (iv) Dail…
Text removed vs the prior filing · source: 10-Q · 2026-08-05
As of June 30, 2026, we also had the Credit Facility in place, with availability of $398.9 million. The Credit Facility bears interest based on (i) the Term Secured Overnight Financing Rate plus 0.10%, (ii) the Adjusted Euro Interbank Offer Rate, (iii) the Canadian Overnight Repo Rate Average, (iv) …
Risk factors
Text added vs the prior filing · source: 10-Q · 2026-11-03
Facility or to remedy any defaults under our 2026 Credit Facility. In the event of any default and related acceleration, we may not have or be able to obtain sufficient funds to make any accelerated payments. Any such default could have a material adverse effect on our liquidity, financial condition…
On November 3, 2026, we announced a new share repurchase program under which we are authorized to purchase up to $1 billion of common stock. Share repurchases under the new authorization may commence upon full utilization of our share repurchase authorization that began on February 11, 2026. Includi…
We may not have the ability to raise the funds necessary to settle exchanges of the 2031 Notes in cash, to repay the 2031 Notes at maturity or to repurchase the 2031 Notes upon a fundamental change, and our future debt may contain limitations on our ability to pay cash upon exchange or repurchase of…
In August 2026, Dynatrace LLC, our indirect wholly owned subsidiary, issued $1,437.5 million aggregate principal amount of 2031 Notes, which are exchangeable senior notes due September 1, 2031. The 2031 Notes are Dynatrace LLC’s senior unsecured obligations and are fully and unconditionally guarante…
Dynatrace LLC or our company may not have enough available cash or be able to obtain financing upon maturity of the 2031 Notes or at the time that Dynatrace LLC is required to make repurchases of 2031 Notes surrendered therefor, the 2031 Notes are exchanged, or our company is required to pay such am…
Text removed vs the prior filing · source: 10-Q · 2026-08-05
In February 2026, we announced a new share repurchase program under which we are authorized to purchase up to $1 billion of our common stock from time to time on the open market or through privately negotiated transactions, including, without limitation, through Rule 10b5-1 trading plans, any other …
There can be no assurance that we will repurchase shares at favorable prices. Further, our share repurchases could affect the trading price of our common stock, increase its volatility, reduce our cash reserves, and may be suspended, modified, or terminated at any time, without prior notice, which m…
Other information
Text added vs the prior filing · source: 10-Q · 2026-11-03
On September 10, 2026, Lisa Campbell, a director of the Company, adopted a Rule 10b5-1 trading arrangement that contemplates the sale of up to 3,000 shares of the Company’s common stock. The duration of the trading arrangement is from December 10, 2026 through September 10, 2027 (or earlier, if all …
On September 11, 2026, Daniel Zugelder, Executive Vice President, Chief Revenue Officer, adopted a Rule 10b5-1 trading arrangement that contemplates the sale of a portion of the net shares received upon the vesting of certain restricted stock units and performance stock units. The duration of the tr…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice