NYSE$PD

PagerDuty Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

PagerDuty's Q4 2022 earnings showcased revenue growth and strategic investments.

PagerDuty reported a 32.4% increase in revenue to $78.5 million for the fourth quarter of fiscal year 2022. The company's GAAP operating loss was $27.2 million, while the non-GAAP operating loss was $2.5 million. PagerDuty anticipates revenue between $81.5 million and $83.5 million for the first quarter of fiscal year 2023.

  • Revenue increased by 32.4% year-over-year, reaching $78.5 million.
  • GAAP operating loss was $27.2 million, with a margin of (34.6)%.
  • Non-GAAP operating loss was $2.5 million, resulting in a margin of (3.2)%.
  • The dollar-based net retention rate was 124%.

Headline financials

Total Revenue

$78.5M

Previous: $59.3M+32.4%
EPS (adj)

-$0.04

Previous: -$0.07+42.9%
Paid Customers

14.9K

Previous: 13.8K+7.7%
Capital Expenditures

$2.08M

Previous: $636K+227.2%
Free Cash Flow

-$1.39M

Previous: $2.3M-160.3%
Net Income

-$28.9M

Previous: -$22.1M-30.5%
Operating Income

-$27.2M

Previous: -$18.4M-47.9%
Gross Profit

$64.6M

Previous: $49.9M+29.5%
Cash & Equivalents

$350M

Previous: $339M+3.1%
Total Assets

$806M

Previous: $795M+1.4%
Stock-Based Comp

$22.2M

Previous: $11.5M+92.8%

Revenue & EPS history

PagerDuty · Revenue · Quarterly

$78.5M

Q4 2022+32.4%vs Q4 2021
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

For the first quarter of fiscal 2023, PagerDuty expects total revenue of $81.5 million - $83.5 million, representing a growth rate of 28% - 31% year over year and Non-GAAP net loss per share of $0.09 - $0.08 assuming approximately 87 million shares. For the full fiscal year 2023, PagerDuty expects total revenue of $360.0 million - $366.0 million, representing a growth rate of 28% - 30% year over year and Non-GAAP net loss per share of $0.23 - $0.17 assuming approximately 88 million shares.

Tailwinds

  • Expects total revenue of $81.5 million - $83.5 million, representing a growth rate of 28% - 31% year over year for Q1 2023.
  • Expects Non-GAAP net loss per share of $0.09 - $0.08 assuming approximately 87 million shares for Q1 2023.
  • Expects total revenue of $360.0 million - $366.0 million, representing a growth rate of 28% - 30% year over year for FY 2023.
  • Expects Non-GAAP net loss per share of $0.23 - $0.17 assuming approximately 88 million shares for FY 2023.

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 2022

Historical avgQ4 2022

-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

Earnings price reactions
QuarterReport dateReaction (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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