NYSE$PD
PagerDuty Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
PagerDuty's Q3 2021 financial results showcased revenue growth and customer expansion.
PagerDuty announced strong third-quarter results, exceeding guidance and consensus. Revenue increased by 26% year-over-year, driven by the growing importance of their platform for customer's digital transformation. The company also saw continued expansion within existing customers and growth in total customer count.
- Total revenue was $53.8 million, up 25.8% year-over-year.
- GAAP gross margin was 85.7%, compared to 84.5% in the third quarter of fiscal 2020.
- PagerDuty had 13,725 customers as of October 31, 2020.
- Free cash flow was $4.5 million, or 8.4% of revenue, compared to $2.3 million, or 5.3% of revenue, in the third quarter of fiscal 2020.
Headline financials
Revenue & EPS history
PagerDuty · Revenue · Quarterly
$53.8M
Forward guidance
For the fourth quarter of fiscal 2021, PagerDuty expects total revenue of $57.0 million - $58.0 million, representing a growth rate of 24% - 26% year-over-year and Non-GAAP net loss per share of $0.12 - $0.11 assuming approximately 82 million shares.
Tailwinds
- Total revenue of $57.0 million - $58.0 million, representing a growth rate of 24% - 26% year-over-year
- Continued Expansion Within Existing Customers
- PagerDuty's free plan, which was formally introduced in the quarter, is gaining traction
- In the third quarter of fiscal 2021, along with Rundeck, PagerDuty reached over 500 partner ecosystem integrations
- PagerDuty also had a record quarter for channel partner sell-through and formed a global strategic alliance with Tata Consultancy Services, one of the top five global systems integrators.
Headwinds
- Non-GAAP net loss per share of $0.12 - $0.11 assuming approximately 82 million shares
- GAAP operating loss was $21.8 million, or GAAP operating margin of negative 40.6%
- GAAP net loss was $20.6 million, compared to $15.3 million in the third quarter of fiscal 2020.
- The effect of uncertainties related to the COVID-19 pandemic on U.S. and global markets
- Our ability to achieve and maintain future profitability
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 Q3 2021
+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
| Quarter | Report date | Reaction (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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