We obtain explicit expressions for the class in the Grothendieck group of varieties of the moduli space $\overline {\mathcal{M}}_{0,n}$. This information is equivalent to the Poincaré polynomial and yields explicit expressions for the Betti numbers of $\overline {\mathcal{M}}_{0,n}$ in terms of Stirling or Bernoulli numbers. The expressions are obtained by solving a differential equation characterizing the generating function for the Poincaré polynomials, determined by Manin in the 1990s and equivalent to Keel’s recursion for the Betti numbers of $\overline {\mathcal{M}}_{0,n}$. Our proof reduces the solution to two combinatorial identities, verified by applying Lagrange series. We also study generating functions for the individual Betti numbers. These functions are determined by a set of polynomials $p^{(k)}_m(z)$, $k\geqslant m$. These polynomials are conjecturally log-concave; we verify this conjecture for several infinite families, corresponding to generating functions for $2k$-Betti numbers of $\overline {\mathcal{M}}_{0,n}$ for all $k\leqslant 100$. Further, studying the polynomials $p^{(k)}_m(z)$, we prove that the generating function for the Grothendieck class can be written in terms of a series of rational functions in the principal branch of the Lambert W-function. We include an interpretation of the main result in terms of Stirling matrices and a discussion of the Euler characteristic of $\overline {\mathcal{M}}_{0,n}$.