undamentalytics Newsletter
Sign in

Pagerduty, Inc. (PD) stock

Add to watchlist

Add holding +

NYSE: PD NYSE Application Software Next results ~November 24, 2026

C+ Fundamentals grade

Pagerduty, Inc. is a US-listed company in the application software industry. Its financial year ends in January.

Stock price today

Loading chart…

Third-party market data · may be delayed

Fair value per share

Under review: after-tax interest is 88% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

Price vs value

Under review: after-tax interest is 88% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy. We'll show the comparison once resolved.

Pagerduty, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 2 selling0 purchases and 9 sales by directors and officers, last 12 monthsInsider trades
  • Funds135 adding, 121 cuttingOf 42 active managers that changed their stake, 18 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Pagerduty files

Where Pagerduty stands after its latest 10-Q

Revenue for the twelve months to July 2026 was $495m, up 2.3% on a year earlier, slower than the 3.7% growth a quarter earlier. That puts it 87 of 103 for growth among the application software companies we cover. Free-cash-flow margin rose to 25.6% from 23.8% a year earlier. Operating margin widened to 6.5% from -5.9%. The diluted share count is down 6.1% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 2 of our 3 financial-health checks.

Our model value for Pagerduty is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 27, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 24, 2026 (estimated)

Pagerduty, Inc.'s trailing-twelve-month revenue grew 2.3% year on year, with a free-cash-flow margin of 25.6%. Where it stands out: net margin of 37.2% ranks 5 of 185 application software companies we cover. Where it lags: long-term debt as % of assets of 42.5% ranks 84 of 98 application software companies we cover.

Our discounted-cash-flow model values the business at ~$9.2 per share in the base case (~$6.9–$12 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth decelerating: TTM revenue growth slowed to 2.3% (-1.4pp vs the prior quarter), the 5th consecutive quarterly slowdown.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Margins widening. Operating margin is up 12.4 points on a year ago.
  • Strong cash generation. 25.6% of revenue turned into free cash flow, against a median of 15.2% for application software companies we cover.
  • Shrinking share count. Diluted shares fell 6.1% in a year, so each share owns more of the business.
  • Net cash. Cash exceeds long-term debt by $0.2bn.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Heavy stock-based pay. Stock pay equals 16.3% of revenue, against a median of 9.3% for application software companies we cover: a real cost that cash-flow figures leave out.
  • Volatile shares. Over the past year the shares showed annualised volatility of 69% and a beta of 0.8 against the S&P 500.
  • Insiders selling. 2 insiders sold $14M of stock over the past 365 days and none bought (100% under pre-set trading plans).
  • Weak cash conversion. Free cash flow was 69% of net income over the last 12 months.
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 42.5% ranks 84 of 98 application software companies we cover (median 16.9%).
  • Below peers: revenue growth. Revenue growth of 2.3% ranks 145 of 184 application software companies we cover (median 12.0%).

Latest results: FY2027 Q2

Filed August 27, 2026
Earnings per share
$0.32 against an average estimate of $0.31: beat by 4.3%
Revenue
$124m, up 0.8% on a year earlier
Share reaction
+13.5% in the first session after the results on August 27, 2026, against +0.4% for the S&P 500
Next report
November 24, 2026; average EPS estimate $0.36

Pagerduty's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-1.4%
  • 1 week-6.2%
  • 1 month+8.9%
  • This year+27.5%
  • 1 year+4.0%
  • 5 years-61.3%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$495M
Operating margin
6.5%
Net margin
37.2%
EPS (TTM, diluted)
$2.13

Growth

Revenue growth
+2.3%
Change in growth rate
−1.4 pts
Share count change
−6.1%

Cash

Free cash flow (TTM)
$127M
FCF margin
25.6%
Stock pay % of revenue
16.3%

Earnings

Last results
August 27, 2026
Next results (est.)
November 24, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Insider trade
  2. Results
  3. Insider trade
  4. Insider trade
  5. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Pagerduty, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: after-tax interest is 88% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Pagerduty, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 10.3%: the 10-year Treasury yield (4.9%) plus a beta of 1.18 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. — Does not apply: This model is withheld pending its input or assumption review.
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$20 ~$17–$34 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: This model is withheld pending its input or assumption review.
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Pagerduty, Inc. with Application Software in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2020202120222023202420252026Now
Share price$23.32$48.73$33.02$29.79$23.68$18.52$10.60$16.71
Market value$1.5bn$3.9bn$2.8bn$2.6bn$2.2bn$1.7bn$986m$1.4bn
+ Net debt (− = net cash)−$124m−$339m−$350m−$274m−$363m−$346m−$237m$163m
Enterprise value$1.4bn$3.5bn$2.4bn$2.4bn$1.8bn$1.4bn$748m$1.6bn
Multiples
Price / sales 9.2x18.2x9.9x7.1x5.1x3.6x2.0x2.9x
Price / earnings ——————5.7x7.8x
Price / free cash flow —n/m—n/m31.3x14.8x8.8x11.4x
EV / EBITDA ——————39.5x38.3x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

36 /100

Weak moat

How hard Pagerduty's competitive advantage looks for rivals to wear away, judged from 8 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 6 / 20

    Cash operating profit has been a median 6.2% of total assets over 7 years.

  • Pricing power 20 / 20

    Gross margin has been a median 83.8%, moving by 1.6 percentage points (standard deviation) across 8 years.

  • Durability 10 / 20

    Operating margin has been a median -26.8%; its worst year was -37.5%.

  • Cash conversion 9 / 20

    Free cash flow was positive in 5 of 8 years, at a median 6.0% of revenue.

  • Discipline 5 / 20

    The diluted share count rose 5.0% over five years; stock-based pay has been a median 22.9% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (51 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 24, 2026, after the close. Analysts expect revenue of $124m and EPS of $0.36 (range $0.35 to $0.37) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.36 +17% $494m +0%
Next $1.47 +8% $504m +2%

Next year's EPS estimate has moved +4.4% in 90 days, across 9 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +3.1% on 90 days ago. In the last 30 days, 7 analysts raised Pagerduty, Inc.'s forecast and 0 cut it.

Consensus EPS forecast Pagerduty, Inc., last 90 days
$1.30 $1.35 $1.40 $1.45 $1.50 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.31 Current fiscal year, 60 days ago: $1.31 Current fiscal year, 30 days ago: $1.36 Current fiscal year, 7 days ago: $1.36 Current fiscal year, Now: $1.36 $1.36 Next fiscal year, 90 days ago: $1.41 Next fiscal year, 60 days ago: $1.41 Next fiscal year, 30 days ago: $1.47 Next fiscal year, 7 days ago: $1.47 Next fiscal year, Now: $1.47 $1.47

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.31$1.41
60 days ago $1.31$1.41
30 days ago $1.36$1.47
7 days ago $1.36$1.47
Now $1.36$1.47

Earnings against estimates

Quarter toEstimateActualSurprise
Jul 2026 $0.31 $0.32 +4.3%
Apr 2026 $0.25 $0.32 +29.1%
Jan 2026 $0.25 $0.29 +16.5%
Oct 2025 $0.24 $0.34 +39.1%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

9 analysts, Oct 2026
Buy333%
Hold444%
Sell222%

Monthly trend

  1. Oct 202634119
  2. Sep 202634119
  3. Aug 202634119

Counts of recommendations published by analysts covering Pagerduty, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
11.9%
of tradable shares
Days to cover
4.5
at average volume
Short interest, 1 month
−10%
to October 15, 2026
Held by institutions
98%
of shares
Held by insiders
9.1%
of shares
Employees
1,155
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +4.0%

$16.06 on October 31, 2025 to $16.71

ThenNowEffect
Revenue (last 12 months) $484m $495m +2.3%
P/S multiple 3.1x 2.9x −4.5%
Share count 92m 86m +6.5%

Biggest factor: share count. Loss-making at one end, so the split uses price/sales.

Last 3 years −22.0%

$21.43 on November 3, 2023 to $16.71

ThenNowEffect
Revenue (last 12 months) $406m $495m +21.8%
P/S multiple 4.8x 2.9x −39.3%
Share count 91m 86m +5.4%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
PD−17%−24%−13%−21%−28%+28%
Industry peers (median)−7%−50%+19%+2%−20%−14%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
PD42%58%50%33%50%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
PD−45%−48%−44%−34%−41%−56%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since April 11, 2019: 90% from June 14, 2019 to April 10, 2026. Getting back needed a 901% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$5.73 – $17.95
From 52-week high
−6.9%
vs 50-day average
+10.0%
vs 200-day average
+64.5%
Volatility (1 year)
69%
Beta vs S&P 500
0.75

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±10.6%
After a week
5 up, 7 down
typical move ±9.5%
After a month
4 up, 8 down
typical move ±11.7%
Results releasedNext dayS&P 500 next day5 days21 days
August 27, 2026 +13.5% +0.4% +15.7% +18.8%
May 28, 2026 +38.4% +0.8% +32.1% +30.5%
March 12, 2026 −4.1% −2.1% −6.4% −17.8%
November 25, 2025 −21.7% +1.6% −18.8% −11.4%
September 3, 2025 +2.8% +1.4% −1.1% +2.2%
May 29, 2025 −10.9% +0.3% −3.9% −4.5%
March 13, 2025 +13.1% +0.7% +16.0% −4.8%
November 26, 2024 +1.7% +0.2% +4.4% −13.7%
September 3, 2024 −8.6% −2.3% −10.6% −9.2%
May 30, 2024 −2.4% +0.2% +1.9% +17.1%
March 14, 2024 −9.1% −0.9% −2.8% −10.4%
November 30, 2023 −1.2% +1.0% −0.5% −0.4%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Pagerduty, Inc. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Pagerduty, Inc.
$420M $440M $460M $480M $500M FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue (TTM), FY24 Q3: $420.5M Revenue (TTM), FY24 Q4: $430.7M Revenue (TTM), FY25 Q1: $438.6M Revenue (TTM), FY25 Q2: $446.9M Revenue (TTM), FY25 Q3: $457.2M Revenue (TTM), FY25 Q4: $467.5M Revenue (TTM), FY26 Q1: $476.1M Revenue (TTM), FY26 Q2: $483.6M Revenue (TTM), FY26 Q3: $489.2M Revenue (TTM), FY26 Q4: $492.5M Revenue (TTM), FY27 Q1: $493.7M Revenue (TTM), FY27 Q2: $494.7M $494.7M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY24 Q3 $420.5M
FY24 Q4 $430.7M
FY25 Q1 $438.6M
FY25 Q2 $446.9M
FY25 Q3 $457.2M
FY25 Q4 $467.5M
FY26 Q1 $476.1M
FY26 Q2 $483.6M
FY26 Q3 $489.2M
FY26 Q4 $492.5M
FY27 Q1 $493.7M
FY27 Q2 $494.7M
Revenue growth, TTM YoY Pagerduty, Inc.
0% 10% 20% 30% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue growth, TTM YoY, FY24 Q3: 20.7% Revenue growth, TTM YoY, FY24 Q4: 16.2% Revenue growth, TTM YoY, FY25 Q1: 12.9% Revenue growth, TTM YoY, FY25 Q2: 10.1% Revenue growth, TTM YoY, FY25 Q3: 8.7% Revenue growth, TTM YoY, FY25 Q4: 8.5% Revenue growth, TTM YoY, FY26 Q1: 8.6% Revenue growth, TTM YoY, FY26 Q2: 8.2% Revenue growth, TTM YoY, FY26 Q3: 7.0% Revenue growth, TTM YoY, FY26 Q4: 5.4% Revenue growth, TTM YoY, FY27 Q1: 3.7% Revenue growth, TTM YoY, FY27 Q2: 2.3% 2.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q3 20.7%
FY24 Q4 16.2%
FY25 Q1 12.9%
FY25 Q2 10.1%
FY25 Q3 8.7%
FY25 Q4 8.5%
FY26 Q1 8.6%
FY26 Q2 8.2%
FY26 Q3 7.0%
FY26 Q4 5.4%
FY27 Q1 3.7%
FY27 Q2 2.3%
Operating margin (TTM) Pagerduty, Inc.
-30% -20% -10% 0% 10% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Operating margin (TTM), FY24 Q3: -21.2% Operating margin (TTM), FY24 Q4: -22.3% Operating margin (TTM), FY25 Q1: -23.3% Operating margin (TTM), FY25 Q2: -20.6% Operating margin (TTM), FY25 Q3: -17.8% Operating margin (TTM), FY25 Q4: -12.8% Operating margin (TTM), FY26 Q1: -10.2% Operating margin (TTM), FY26 Q2: -5.9% Operating margin (TTM), FY26 Q3: -2.1% Operating margin (TTM), FY26 Q4: 1.2% Operating margin (TTM), FY27 Q1: 5.1% Operating margin (TTM), FY27 Q2: 6.5% 6.5%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q3 -21.2%
FY24 Q4 -22.3%
FY25 Q1 -23.3%
FY25 Q2 -20.6%
FY25 Q3 -17.8%
FY25 Q4 -12.8%
FY26 Q1 -10.2%
FY26 Q2 -5.9%
FY26 Q3 -2.1%
FY26 Q4 1.2%
FY27 Q1 5.1%
FY27 Q2 6.5%
FCF margin (TTM) Pagerduty, Inc.
15% 20% 25% 30% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 FCF margin (TTM), FY24 Q3: 15.5% FCF margin (TTM), FY24 Q4: 16.2% FCF margin (TTM), FY25 Q1: 17.3% FCF margin (TTM), FY25 Q2: 22.6% FCF margin (TTM), FY25 Q3: 23.2% FCF margin (TTM), FY25 Q4: 24.6% FCF margin (TTM), FY26 Q1: 24.6% FCF margin (TTM), FY26 Q2: 23.8% FCF margin (TTM), FY26 Q3: 24.0% FCF margin (TTM), FY26 Q4: 22.7% FCF margin (TTM), FY27 Q1: 25.3% FCF margin (TTM), FY27 Q2: 25.6% 25.6%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q3 15.5%
FY24 Q4 16.2%
FY25 Q1 17.3%
FY25 Q2 22.6%
FY25 Q3 23.2%
FY25 Q4 24.6%
FY26 Q1 24.6%
FY26 Q2 23.8%
FY26 Q3 24.0%
FY26 Q4 22.7%
FY27 Q1 25.3%
FY27 Q2 25.6%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2018 Jan 2018 2019 Jan 2019 2020 Jan 2020 2021 Jan 2021 2022 Jan 2022 2023 Jan 2023 2024 Jan 2024 2025 Jan 2025 2026 Jan 2026 LTM Jul 2026
Income
Revenue 80 118 166 214 281 371 431 467 493 495
Gross profit 67 101 142 183 233 300 353 388 418 420
EBITDA −37 −41 −53 −61 −93 −112 −76 −39 19 42
Operating income −38 −42 −56 −66 −102 −129 −96 −60 6 32
Net income −38 −41 −50 −69 −107 −128 −75 −43 173 184
Diluted EPS −$0.64 −$0.63 −$0.77 −$0.87 −$1.27 −$1.45 −$0.89 −$0.59 $1.87 $2.13
Growth (year on year)
Revenue — +48.0% +41.2% +28.4% +31.8% +31.8% +16.2% +8.5% +5.4% +2.3%
Margins
Gross margin 84.0% 85.4% 85.2% 85.6% 82.8% 81.0% 81.9% 83.0% 84.9% 84.8%
EBITDA margin −46.4% −34.5% −32.0% −28.6% −33.2% −30.2% −17.7% −8.4% 3.8% 8.5%
Operating margin −48.1% −35.9% −33.4% −31.0% −36.1% −34.9% −22.3% −12.8% 1.2% 6.5%
Net margin −47.9% −34.6% −30.3% −32.3% −38.2% −34.6% −17.5% −9.1% 35.2% 37.2%
Free-cash-flow margin −15.9% −7.9% −3.2% 2.8% −3.4% 3.3% 16.2% 24.6% 22.7% 25.6%
Cash flow
Cash from operations −12 −6 −0 10 −6 17 72 118 115 131
Capital spending 1 4 5 4 3 5 2 3 3 5
Free cash flow −13 −9 −5 6 −9 12 70 115 112 127
Stock-based pay 18 19 27 43 70 110 127 126 98 81
Free cash flow after stock pay −31 −28 −33 −37 −80 −98 −57 −11 14 46
Balance sheet
Cash 44 128 124 339 350 274 363 346 237 234
Total debt — — — — — — — — — 397
Net debt (negative = net cash) −44 −128 −124 −339 −350 −274 −363 −346 −237 163
Diluted shares 60m 64m 66m 80m 85m 89m 92m 92m 93m 86m
Returned to shareholders
Buybacks — — — — 0 0 50 100 135 208
Total returned — — — — 0 0 50 100 135 208

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 3 checks passed · July 31, 2026
What it owns · $958m
Short-term assets $579mLonger-term assets $379m
What it owes, and who funded it · $943m
Short-term liabilities $287mLonger-term liabilities $424mShareholders' equity $232m
  • Short-term assets cover short-term liabilities $579m of assets due within a year against $287m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $579m short-term assets against $424m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of $32m against $8m of interest.

From Pagerduty, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2027 Q2 TTM
Buybacks (TTM)
$208M
Returned to shareholders
164%
of free cash flow
Buybacks, last 3 fiscal years
$285M
Diluted share count
−6.1%
year over year
Total shareholder yield
14.7%
dividends 0.0% + buybacks 14.7% of market value
R&D spending
24.8%
of revenue
Days sales outstanding
53 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in application software
Last 12 months unless stated PD MSTR PAR SPT CLBT ADEA Median
Revenue, last 12 months $495m $495m $497m $482m $476m $471m $482m
Revenue growth, last 12 months 2.3% 4.2% 18.8% 11.8% 18.6% 24.3% 12.0%
Revenue growth, 3-year average 6.8% −0.6% 23.0% 18.5% — 6.2% 11.1%
Revenue growth, latest quarter 0.8% −2.5% 18.7% 10.8% — 12.1% 11.9%
Gross margin 84.8% 67.8% 42.2% 77.4% 84.2% — 69.2%
Operating margin 6.5% <−999% −12.6% −5.9% 14.0% 41.6% 1.1%
Operating margin, 3-year average −6.7% −593.7% −18.9% −12.6% — 34.7% −0.8%
Net margin 37.2% <−999% −14.5% −6.1% 16.5% 26.1% 2.1%
Cash from operations / revenue 26.6% −1.5% −2.6% 11.2% 36.5% 40.6% 18.2%
Free-cash-flow margin 25.6% −2.2% −3.2% 10.5% 33.7% 40.0% 15.0%
Free-cash-flow margin, 3-year average 24.0% −8.4% −7.4% 6.2% — 44.8% 16.2%
Stock pay / revenue 16.3% 10.3% 5.9% 15.1% 9.4% 7.8% 9.3%
Change in share count −6.1% 22.3% 6.3% 3.2% 19.3% 0.5% 2.2%

Median of all 185 companies we cover in application software. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

185 application software companies
Measure Company Peer median Rank
Revenue growth Growth 2.3% 12.0% 145 of 184
Change in growth rate Growth -1.4pp +0.2pp 131 of 184
Gross margin Profitability 84.8% 69.8% 15 of 160
Operating margin Profitability 6.5% 1.1% 71 of 181
Net margin Profitability 37.2% 2.1% 5 of 185
Free-cash-flow margin Cash generation 25.6% 15.2% 50 of 180
Stock pay as % of revenue Cash generation 16.3% 9.3% 136 of 177
Long-term debt as % of assets Balance sheet 42.5% 16.9% 84 of 98
Change in share count Balance sheet -6.1% 1.7% 8 of 163
Days sales outstanding Balance sheet 53 days 57 days 71 of 162

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to January 31, 2026
Geography
Region Revenue Share YoY
United States $351M 71.3% ▲ 4.0%
Outside the US $142M 28.7% ▲ 8.9%

From Pagerduty, Inc.'s 10-K filed March 12, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$705M
Institutions reporting
256
Shares held vs prior quarter
▲ 1.3%
Positions opened / closed
51 / 41

Top buyers and sellers, Q2 2026: 135 institutions bought and 121 sold ; the biggest buyer was Lynrock Lake LP (+2.3M shares) and the biggest seller Vanguard Portfolio Management LLC (−1.6M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $89.3M 9.3M 12.7% ▼ 9.6%
Vanguard Portfolio Management LLC $54.7M 5.7M 7.8% ▼ 22.2%
D. E. Shaw & Co., Inc. $40.7M 4.2M 5.8% ▲ 6.0%
Lynrock Lake LP $35.7M 3.7M 5.1% ▲ 171.1%
AQR Capital Management LLC $31.1M 3.2M 4.4% ▲ 37.9%
Vanguard Capital Management LLC $30.6M 3.2M 4.3% ▼ 17.9%
State Street Corp $24M 2.5M 3.4% ▲ 1.3%
Geode Capital Management, LLC $21.7M 2.2M 3.1% ▼ 1.5%
Goldman Sachs Group Inc $19.8M 2.1M 2.8% ▼ 2.9%
Qube Research & Technologies Ltd $19.3M 2.0M 2.7% ▼ 2.1%
Morgan Stanley $18.7M 1.9M 2.7% ▲ 2.5%
Acadian Asset Management LLC $15.8M 1.6M 2.2% ▲ 182.8%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Pagerduty, Inc.'s complete shareholder register. Values are as reported by the filers ; 2 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $13.9M 9 trades by 2 insiders · 100% under pre-set plans
Net ▼ $13.9M net selling
Insider Date Trade Shares Price Value
Tejada Jennifer Executive Chair October 28, 2026 Sell pre-set plan 5,945 $18.00 $107,025
Tejada Jennifer Executive Chair October 15, 2026 Sell pre-set plan 57,500 $17.16 $986,988
Tejada Jennifer Executive Chair September 30, 2026 Sell pre-set plan 107,000 $15.11 $1.6M
Tejada Jennifer Executive Chair September 24, 2026 Sell pre-set plan 8,000 $15.00 $120,000
Tejada Jennifer Executive Chair July 17, 2026 Sell pre-set plan 96,847 $10.41 $1M
Tejada Jennifer Executive Chair July 16, 2026 Sell pre-set plan 302,100 $10.70 $3.2M
Tejada Jennifer Executive Chair May 19, 2026 Sell pre-set plan 105,101 $6.92 $727,299
Tejada Jennifer Executive Chair May 18, 2026 Sell pre-set plan 358,400 $6.98 $2.5M
Solomon Dan Alexandru Director December 30, 2025 Sell pre-set plan 266,667 $13.35 $3.6M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 1 trade and filings

No trades in Pagerduty, Inc. disclosed in the last 12 months; 1 earlier trade on record.

  • Daniel S. Goldman(D-NY 10):Sale (full), $1,001 - $15,000, traded July 12, 2023, filed August 13, 2023

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 24, 2026 estimated from the company's past filing pattern, not announced

  • August 27, 2026
  • May 28, 2026
  • March 12, 2026
  • November 25, 2025
  • September 3, 2025
  • May 29, 2025

Recent SEC filings

Data status

When each part of this page on Pagerduty, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Pagerduty, Inc. in brief

What does Pagerduty, Inc. do?
Pagerduty, Inc. is a US-listed company in the application software industry. Its financial year ends in January.
What is Pagerduty, Inc.'s stock ticker?
Pagerduty, Inc. trades under the ticker PD on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Pagerduty, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Pagerduty, Inc. reported revenue of $495M, 2.3% higher than a year earlier, according to its SEC filings.
What is Pagerduty, Inc.'s free cash flow?
Pagerduty, Inc.'s free-cash-flow margin is 25.6% of revenue over the trailing twelve months, ranking 50 of the 180 application software companies we cover.
Who are Pagerduty, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and D. E. Shaw & Co., Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Pagerduty, Inc. buying back stock, and does it pay a dividend?
Pagerduty, Inc. spent $208M on share repurchases over the trailing twelve months, and its diluted share count fell 6.1% over the year.
What is Pagerduty, Inc.'s market cap?
On November 2, 2026, Pagerduty, Inc.'s market capitalisation was about $1.4B, with a price-to-earnings ratio of 7.8 and net debt of $163M. Market figures come from third-party market data and may be delayed.
Who are Pagerduty, Inc.'s competitors?
In our Application Software peer group, the companies closest to Pagerduty, Inc. are Strategy Inc, PAR Technology Corp, Sprout Social, Inc., Cellebrite DI Ltd. and Adeia Inc. The side-by-side comparison below sets their revenue, margins and growth against Pagerduty, Inc.'s.
Are insiders buying or selling Pagerduty, Inc. stock?
Over the last 12 months, Pagerduty, Inc.'s directors and officers reported 0 open-market purchases and 9 sales on Form 4. The insider trading page charts every trade.
When is Pagerduty, Inc.'s next earnings date?
Around November 24, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Pagerduty, Inc. announces its own schedule.