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PD

PagerDuty, Inc.

PD

PagerDuty, Inc. • NYSE
$12.00 ▲ 3.09% (+0.36)
Market Cap $1.10 B
52w High $21.86
52w Low $11.13
Dividend Yield 0%
P/E 7.45
Volume 3.47M
Outstanding Shares 91.82M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2026 $124.545M ▲ $98.217M ▼ $159.555M ▲ 128.11% ▲ $1.72 ▲ $-8.602M ▼
Q2-2026 $123.411M ▲ $100.736M ▼ $9.777M ▲ 7.922% ▲ $0.11 ▲ $12.957M ▲
Q1-2026 $119.805M ▼ $110.948M ▼ $-6.497M ▲ -5.423% ▲ $-0.071 ▲ $-240K ▲
Q4-2025 $121.446M ▲ $113.191M ▲ $-10.604M ▼ -8.731% ▼ $-0.12 ▼ $-1.664M ▼
Q3-2025 $118.946M $108.971M $-5.924M -4.98% $-0.071 $1.365M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2026 $324.26M ▼ $1.028B ▲ $688.446M ▼ $320.499M ▲
Q2-2026 $567.854M ▼ $891.531M ▼ $693.85M ▼ $180.709M ▲
Q1-2026 $597.114M ▲ $926.798M ▼ $763.806M ▼ $145.657M ▲
Q4-2025 $570.826M ▲ $927.266M ▲ $779.221M ▲ $129.828M ▲
Q3-2025 $542.162M $866.754M $738.665M $111.596M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2026 $159.555M ▲ $24.803M ▼ $1.813M ▲ $-42.346M ▲ $-15.846M ▲ $24.06M ▼
Q2-2026 $9.777M ▲ $33.974M ▲ $-7.178M ▼ $-59.085M ▼ $-32.116M ▼ $33.1M ▲
Q1-2026 $-6.497M ▲ $30.67M ▼ $-1.682M ▲ $-3.955M ▼ $25.368M ▲ $28.986M ▲
Q4-2025 $-10.604M ▼ $31.402M ▲ $-10.246M ▼ $-2.815M ▲ $18.326M ▲ $28.59M ▲
Q3-2025 $-6.558M $22.476M $-3.101M $-78.521M $-59.232M $19.846M

Five-Year Company Overview

Income Statement

Income Statement PagerDuty’s revenue has grown steadily over the past several years, and gross profit has risen along with it, showing that the core business is scaling well. At the same time, the company still reports accounting losses, but those losses have been shrinking as it gets more efficient. Operating and EBITDA results are moving closer to breakeven, which suggests better cost discipline and improving unit economics. The big picture: strong top-line growth, improving margins, but not yet consistently profitable on a net income basis.

Balance Sheet

Balance Sheet The balance sheet shows a business with solid overall asset levels and a meaningful cash cushion relative to its size. However, debt has increased over time, while the equity base has trended down, reflecting cumulative losses and a more leveraged capital structure. This mix gives PagerDuty financial flexibility today but also introduces sensitivity to interest costs and refinancing over time. The company appears stable, but the rising reliance on debt is a key point to monitor.

Cash Flow

Cash Flow Cash flow has improved notably, shifting from a period of light cash burn to consistent positive cash generation from operations. Free cash flow has followed the same pattern, helped by modest capital spending needs typical of a software business. In practical terms, PagerDuty is now largely funding itself through its own cash flows, even though it is not yet profitable on an accounting basis. This improves its financial resilience, but sustaining this trend will depend on maintaining growth and keeping costs in check.

Competitive Edge

Competitive Edge PagerDuty occupies a strong niche as a leader in incident management and digital operations, especially within larger enterprises. Its value comes from being deeply embedded in customers’ workflows through a very wide range of integrations, which makes it inconvenient and risky for many customers to switch away. Network effects inside large organizations strengthen this position as more teams adopt the platform. At the same time, competition is intensifying as observability and IT service management players build overlapping capabilities, so PagerDuty must keep proving its distinct value and execution strength.

Innovation and R&D

Innovation and R&D Innovation is a clear focal point: PagerDuty is pushing hard into AI, automation, and an integrated operations cloud that goes far beyond basic alerting. Its AIOps, automation workflows, and new generative AI assistants in tools like Slack and Microsoft Teams are designed to reduce noise, speed up incident resolution, and make teams more productive. The roadmap includes more autonomous, “agent-like” capabilities and expanded automation offerings, which could increase the platform’s strategic importance for customers. The key uncertainty is not the ambition of the roadmap, but how quickly customers adopt these features and how effectively PagerDuty converts them into durable revenue growth.

Summary

Overall, PagerDuty combines a growing, higher-margin software business with improving cash generation and a strong position in a critical piece of modern IT operations. Financially, the company has moved closer to breakeven, but still carries ongoing losses and more debt than in the past, which adds some balance-sheet risk. Strategically, it benefits from deep integrations, an entrenched enterprise footprint, and a clear lead in incident management, but faces credible competition from broader platforms. Its heavy investment in AI and automation provides meaningful upside potential if execution and customer adoption stay on track. The story from here hinges on converting that innovation and entrenched position into sustained, profitable growth while managing leverage and competitive pressure.

NEWS

November 25, 2025 · 4:05 PM UTC

PagerDuty Announces Third Quarter Fiscal 2026 Financial Results

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November 11, 2025 · 4:25 PM UTC

PagerDuty to Report Third Quarter Fiscal Year 2026 Results on November 25, 2025

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October 20, 2025 · 5:00 PM UTC

PagerDuty Strengthens Momentum in Asia Pacific Region with Appointment of Callum Eade as Vice President, APAC Sales

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October 8, 2025 · 9:00 AM UTC

PagerDuty Launches Industry's First End-to-End AI Agent Suite, Slashing Incident Response Times and Empowering Teams to Innovate

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September 23, 2025 · 9:00 AM UTC

Three-Quarters of Companies Now Consider AI Essential to Operations, PagerDuty Survey Reveals

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