NYSE$PD
PagerDuty Inc · Q2 2025 earnings
Q2 2025 earnings · · Investor relations
Briefing
PagerDuty reported a solid second quarter with revenue growth within guidance and non-GAAP profitability for the eighth consecutive quarter.
PagerDuty's second quarter fiscal year 2025 showed revenue growth of 8% year-over-year, reaching $116 million. The company achieved non-GAAP profitability for the eighth consecutive quarter. Ending ARR grew 10% year-over-year to $474 million.
- Revenue increased by 7.7% year-over-year, amounting to $115.9 million.
- Loss from operations was $16.0 million, with an operating margin of negative 13.8%.
- Non-GAAP operating income reached $20.1 million, resulting in a non-GAAP operating margin of 17.3%.
- Free and paid customers totaled more than 29,000, representing approximately 12% growth year over year.
Headline financials
Revenue & EPS history
PagerDuty · Revenue · Quarterly
$116M
Forward guidance
For the third quarter of fiscal 2025, PagerDuty expects total revenue of $115.5 million - $117.5 million, representing a growth rate of 6% - 8% year over year. Non-GAAP net income per diluted share is expected to be $0.16 - $0.17. For the full fiscal year 2025, PagerDuty expects total revenue of $463.0 million - $467.0 million, representing a growth rate of 7% - 8% year over year and Non-GAAP net income per diluted share of $0.67 - $0.72.
Tailwinds
- Revenue growth rate of 6% - 8% year over year in Q3 2025.
- Non-GAAP net income per diluted share attributable to PagerDuty, Inc. common stockholders of $0.16 - $0.17 in Q3 2025.
- Revenue growth rate of 7% - 8% year over year for fiscal year 2025.
- Non-GAAP net income per diluted share attributable to PagerDuty, Inc. common stockholders of $0.67 - $0.72 for fiscal year 2025.
- Assuming approximately 96 million diluted shares and a non-GAAP tax rate of 23%.
Headwinds
- Total revenue of $115.5 million - $117.5 million in Q3 2025.
- Total revenue of $463.0 million - $467.0 million for the full fiscal year 2025 (down from $471.0 million - $477.0 million).
- These statements are forward-looking and actual results may differ materially.
- PagerDuty has not reconciled forward-looking net loss per share attributable to PagerDuty, Inc. common stock holders to forward-looking non-GAAP net income per share attributable to PagerDuty, Inc. common stockholders because certain items are out of PagerDuty's control or cannot be reasonably predicted.
- Accordingly, such reconciliation is not available without unreasonable effort.
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 2025
-1.1%
Avg return
Earnings day
-0.3%
Avg return
5 days after
-0.1%
Avg return
30 days after
43%
12 / 28 earnings
Positive
+30.9%
Q4 2022
Best reaction
-29.1%
Q2 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | — | — | — | |
| 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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