NYSE$PD

PagerDuty Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

PagerDuty's Q2 2022 financial results showed strong revenue growth and increasing adoption of its platform.

PagerDuty reported a 33.2% year-over-year increase in revenue to $67.5 million in Q2 2022. The company's customer base grew to nearly 18,000, and the dollar-based net retention rate was 126%.

  • Revenue increased by 33.2% year-over-year to $67.5 million.
  • GAAP gross margin was 82.3%, while non-GAAP gross margin was 84.2%.
  • Nearly 18,000 companies are now using PagerDuty's platform.
  • Dollar-based net retention rate stood at 126%.

Headline financials

Total Revenue

$67.5M

Previous: $50.7M+33.2%
EPS (adj)

-$0.13

Previous: -$0.04-225.0%
Paid Customers

18.0K

No prior period
Capital Expenditures

-$1.29M

Previous: -$3.29M+60.8%
Free Cash Flow

-$31M

Previous: -$18M-72.1%
Net Income

-$29.7M

Previous: -$14.7M-101.9%
Operating Income

-$28.5M

Previous: -$13.4M-111.6%
Gross Profit

$55.6M

Previous: $44.1M+26.1%
Cash & Equivalents

$355M

Previous: $377M-5.9%
Total Assets

$779M

Previous: $719M+8.2%
Stock-Based Comp

$16.5M

Previous: $9.97M+65.3%

Revenue & EPS history

PagerDuty · Revenue · Quarterly

$67.5M

Q2 2022+33.2%vs Q2 2021
Beat estimate in 6 of 13 quarters(46%)
ActualEstimate

Forward guidance

For the third quarter of fiscal 2022, PagerDuty expects total revenue of $69.0 million - $71.0 million, representing a growth rate of 28% - 32% year over year and Non-GAAP net loss per share of $0.10 - $0.09 assuming approximately 85 million shares. For the full fiscal year 2022, PagerDuty expects total revenue of $273.0 million - $276.0 million, representing a growth rate of 28% - 29% year over year and Non-GAAP net loss per share of $0.39 - $0.35 assuming approximately 84 million shares.

Tailwinds

  • Total revenue of $69.0 million - $71.0 million, representing a growth rate of 28% - 32% year over year
  • Non-GAAP net loss per share of $0.10 - $0.09 assuming approximately 85 million shares
  • Total revenue of $273.0 million - $276.0 million, representing a growth rate of 28% - 29% year over year
  • Non-GAAP net loss per share of $0.39 - $0.35 assuming approximately 84 million shares
  • Continued growth in customer base and platform adoption

Headwinds

  • Uncertainties related to the COVID-19 pandemic
  • Ability to achieve and maintain future profitability
  • Ability to attract new customers and retain existing customers
  • Dependence on revenue from a single product
  • Increasingly competitive market

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

+0.1%

Avg return

Earnings day

+0.6%

Avg return

5 days after

-0.1%

Avg return

30 days after

45%

13 / 29 earnings

Positive

+34.1%

Q1 2027

Best reaction

-29.1%

Q2 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027+34.1%+25.3%
Q4 2026-3.0%-4.1%-21.2%
Q3 2026-23.5%-22.1%-13.3%
Q2 2026+6.2%+6.7%+2.8%
Q1 2026-11.3%-5.6%-5.4%
Q4 2025+17.7%+20.7%-0.9%
Q3 2025+1.7%+2.9%-11.3%
Q2 2025-8.6%-10.1%-10.9%
Q1 2025-2.4%-0.4%+18.0%
Q4 2024-9.1%-5.3%-5.4%
Q3 2024-1.2%-1.3%+5.2%
Q2 2024-7.3%-6.6%-12.3%
Q1 2024-15.5%-15.8%-17.4%
Q4 2023+14.7%+12.3%+19.4%
Q3 2023+6.4%+0.3%+19.4%
Q2 2023-9.7%-11.4%-11.4%
Q1 2023+2.4%+9.8%+0.1%
Q4 2022+30.9%+41.4%+31.6%
Q3 2022+17.9%+9.1%+0.1%
Q2 2022+8.2%+7.5%-3.4%
Q1 2022-15.9%-7.4%+0.4%
Q4 2021-8.3%+3.0%+3.2%
Q3 2021+19.1%+19.7%+21.6%
Q2 2021-29.1%-31.4%-24.6%
Q1 2021-7.2%-5.6%+6.0%
Q4 2020+23.4%+19.1%+40.0%
Q3 2020-15.0%-12.1%-5.0%
Q2 2020-14.6%-27.8%-27.2%
Q1 2020+2.8%+5.6%+0.2%
Q4 2019
Q3 2018
Q2 2018
Q1 2018
Q4 2017

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