NYSE$PD

PagerDuty Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

PagerDuty's Q4 2021 earnings demonstrated strong revenue growth and customer expansion.

PagerDuty reported a record $59.3 million in revenue for Q4 2021, representing a 29.1% year-over-year increase. The company's total dollar-based net retention rate accelerated to 121%. PagerDuty had over 13,800 customers as of January 31, 2021.

  • Revenue reached $59.3 million, a 29.1% increase year-over-year.
  • Total dollar-based net retention rate accelerated to 121%.
  • GAAP gross margin was 84.1%, while non-GAAP gross margin was 85.6%.
  • Free cash flow was $2.3 million, or 3.8% of revenue.

Headline financials

Total Revenue

$59.3M

Previous: $45.9M+29.1%
EPS (adj)

-$0.07

Previous: -$0.03-133.3%
Paid Customers

13.8K

Previous: 12.7K+8.7%
Capital Expenditures

$636K

Previous: $1.98M-67.9%
Free Cash Flow

$2.3M

Previous: -$182K+1363.7%
Net Income

-$22.1M

Previous: -$10.4M-112.1%
Operating Income

-$18.4M

Previous: -$11.8M-56.5%
Gross Profit

$49.9M

Previous: $39.6M+26.1%
Cash & Equivalents

$339M

Previous: $124M+173.5%
Total Assets

$795M

Previous: $435M+82.7%
Stock-Based Comp

$11.5M

Previous: $7.81M+47.1%

Revenue & EPS history

PagerDuty · Revenue · Quarterly

$59.3M

Q4 2021+29.1%vs Q4 2020
Beat estimate in 4 of 11 quarters(36%)
ActualEstimate

Forward guidance

For Q1 2021, PagerDuty expects revenue between $61.0 million and $63.0 million, representing a growth rate of 23% - 27% year-over-year, and non-GAAP net loss per share between $0.10 and $0.09, assuming approximately 83 million shares. For the full fiscal year 2021, PagerDuty expects revenue between $264.0 million and $270.0 million, representing a growth rate of 24% - 26% year-over-year, and non-GAAP net loss per share between $0.43 and $0.36, assuming approximately 84 million shares.

Tailwinds

  • Total revenue of $61.0 million - $63.0 million, representing a growth rate of 23% - 27% year-over-year
  • Non-GAAP net loss per share of $0.10 - $0.09, assuming approximately 83 million shares
  • Total revenue of $264.0 million - $270.0 million, representing a growth rate of 24% - 26% year-over-year
  • Non-GAAP net loss per share of $0.43 - $0.36, assuming approximately 84 million shares
  • Continued Expansion Within Existing Customers: PagerDuty had the eighth consecutive quarter in which approximately a third of its enterprise customers expanded.

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 Q4 2021

Historical avgQ4 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

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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