NYSE$PD

PagerDuty Inc · Q3 2025 earnings

Q3 2025 earnings · · Investor relations

Briefing

PagerDuty's third quarter results for fiscal year 2025 showed revenue and non-GAAP operating income above guidance, with annual recurring revenue increasing.

PagerDuty reported a solid quarter with revenue of $118.9 million, a 9.4% increase year-over-year, and non-GAAP operating income of $25.0 million. Annual recurring revenue (ARR) grew 10% year-over-year to $483 million.

  • Revenue was $118.9 million, an increase of 9.4% year over year.
  • Ending ARR grew 10% year over year to $483 million.
  • Non-GAAP operating income was $25.0 million, representing a 21.0% non-GAAP operating margin.
  • Free and paid customers totaled more than 30,000, representing approximately 11% growth year over year.

Headline financials

Total Revenue

$119M

Previous: $109M+9.4%
EPS (adj)

$0.25

Previous: $0.20+25.0%
Capital Expenditures

-$1.65M

Previous: -$1.19M-38.0%
Free Cash Flow

-$7.57M

Previous: -$14M+45.8%
Net Income

-$5.92M

Previous: -$12.8M+53.6%
Operating Income

-$10.3M

Previous: -$20.8M+50.6%
Gross Profit

$98.7M

Previous: $89M+10.9%
Cash & Equivalents

$326M

Previous: $380M-14.2%
Total Assets

$867M

Previous: $887M-2.3%
R&D Expense

$34M

Previous: $34.3M-0.7%
Stock-Based Comp

$31.8M

Previous: $31.8M-0.2%

Revenue & EPS history

PagerDuty · Revenue · Quarterly

$119M

Q3 2025+9.4%vs Q3 2024
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

For the fourth quarter of fiscal 2025, PagerDuty expects total revenue of $118.5 million - $120.5 million, representing a growth rate of 7% - 8% year over year, and non-GAAP net income per diluted share of $0.15 - $0.16.

Tailwinds

  • Total revenue of $118.5 million - $120.5 million, representing a growth rate of 7% - 8% year over year.
  • Non-GAAP net income per diluted share of $0.15 - $0.16.
  • Assuming approximately 93 million diluted shares.
  • Non-GAAP tax rate of 23%.
  • Full fiscal year 2025 revenue expected to be $464.5 million - $466.5 million, representing a growth rate of 8% year over year.

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 2025

Historical avgQ3 2025

+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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