NYSE$PD
PagerDuty Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
PagerDuty's Q4 2023 financial results were announced, demonstrating strong revenue growth and profitability.
PagerDuty reported a strong Q4 with revenue reaching $101.0 million, a 29% year-over-year increase. The company achieved GAAP operating loss of $26.5 million, and non-GAAP operating income of $6.1 million. PagerDuty surpassed $400 million in annual recurring revenue.
- Revenue was $101.0 million, an increase of 28.6% year over year.
- GAAP operating loss was $26.5 million; GAAP operating margin of (26.2)%.
- Non-GAAP operating income was $6.1 million; non-GAAP operating margin of 6.1%.
- Finished the fourth quarter with 15,244 total paid customers as of January 31, 2023.
Headline financials
Revenue & EPS history
PagerDuty · Revenue · Quarterly
$101M
Forward guidance
For the first quarter of fiscal 2024, PagerDuty currently expects: Total revenue of $102.0 million - $104.0 million, representing a growth rate of 19% - 22% year over year. Non-GAAP net income per diluted share attributable to PagerDuty, Inc. of $0.09 - $0.10 assuming approximately 104 million shares. For the full fiscal year 2024, PagerDuty currently expects: Total revenue of $446.0 million - $452.0 million, representing a growth rate of 20% - 22% year over year. Non-GAAP net income per diluted share attributable to PagerDuty, Inc. of $0.45 - $0.50 assuming approximately 105 million shares
Tailwinds
- Total revenue of $102.0 million - $104.0 million, representing a growth rate of 19% - 22% year over year
- Non-GAAP net income per diluted share attributable to PagerDuty, Inc. of $0.09 - $0.10 assuming approximately 104 million shares
- Total revenue of $446.0 million - $452.0 million, representing a growth rate of 20% - 22% year over year
- Non-GAAP net income per diluted share attributable to PagerDuty, Inc. of $0.45 - $0.50 assuming approximately 105 million shares
- These statements are forward-looking and actual results may differ materially.
Headwinds
- PagerDuty has not reconciled its expectations as to non-GAAP net income (loss) per share attributable to PagerDuty, Inc. to GAAP net loss per share attributable to PagerDuty, Inc. because certain items are out of its control or cannot be reasonably predicted.
- Accordingly, a reconciliation for forward-looking non-GAAP net income (loss) per share is not available without unreasonable effort.
- The effect of uncertainties related to the COVID-19 pandemic on U.S. and global markets, our business, operations, revenue results, cash flow, operating expenses, demand for our solutions, sales cycles, customer retention and our customers’ businesses
- Our ability to achieve and maintain future profitability
- Our dependence on revenue from a single product
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 2023
+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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