PagerDuty Files Q1 2025 10-Q with Financial Updates

TL;DR

PagerDuty's Q1 2025 10-Q is in: check the latest financials for PD.

AI Summary

PagerDuty, Inc. filed its 10-Q for the period ending April 30, 2024. The company reported financial results for the first quarter of its fiscal year 2025. Key financial data and balance sheet information as of April 30, 2024, and January 31, 2025, were disclosed.

Why It Matters

This filing provides investors with the latest financial performance and position of PagerDuty, Inc., crucial for understanding the company's operational health and future prospects.

Risk Assessment

Risk Level: medium — The filing contains standard financial disclosures for a public company, but the specific financial performance and forward-looking statements within the full report could indicate varying levels of risk.

Key Numbers

• 2024-04-30 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial information is provided.)
• 2024-05-31 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
• 0131 — Fiscal Year End (PagerDuty's fiscal year concludes on January 31st.)

Key Players & Entities

• PagerDuty, Inc. (company) — Filer of the 10-Q report
• 20240430 (date) — End of the reporting period
• 20240531 (date) — Filing date of the report
• 600 TOWNSEND STREET #200 (address) — PagerDuty's business and mailing address
• SAN FRANCISCO (location) — City of PagerDuty's headquarters
• DE (location) — State of incorporation for PagerDuty

FAQ

Key Financial Figures

• $0.000005 — ange on which registered Common Stock, $0.000005 par value PD New York Stock Exchange

Filing Documents

• pd-20240430.htm (10-Q) — 1065KB
• pagerdutyq1fy25ex311.htm (EX-31.1) — 9KB
• pagerdutyq1fy25ex312.htm (EX-31.2) — 9KB
• pagerdutyq1fy25ex321.htm (EX-32.1) — 6KB
• 0001568100-24-000058.txt ( ) — 6514KB
• pd-20240430.xsd (EX-101.SCH) — 44KB
• pd-20240430_cal.xml (EX-101.CAL) — 72KB
• pd-20240430_def.xml (EX-101.DEF) — 202KB
• pd-20240430_lab.xml (EX-101.LAB) — 631KB
• pd-20240430_pre.xml (EX-101.PRE) — 438KB
• pd-20240430_htm.xml (XML) — 824KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION Item 1

Financial Statements (unaudited)

Financial Statements (unaudited) 5 Condensed Consolidated Balance Sheets 5 Condensed Consolidated Statements of Operations 6 Condensed Consolidated Statements of Comprehensive Loss 7 Condensed Consolidated Statements of Stockholders' Equity 8 Condensed Consolidated Statements of Cash Flows 9 Notes to Condensed Consolidated Financial Statements 10 Item 2

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 27 Item 3

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 39 Item 4

Controls and Procedures

Controls and Procedures 40

- OTHER INFORMATION

Part II - OTHER INFORMATION Item 1

Legal Proceedings

Legal Proceedings 41 Item 1A

Risk Factors

Risk Factors 41 Item 2 Unregistered Sale of Equity Securities and Use of Proceeds 42 Item 5 Other Information 42 Item 6 Exhibits 42

Signatures

Signatures 44 Table of Contents SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q (this "Form 10-Q") contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act, which statements involve substantial risk and uncertainties. All statements contained in this Form 10-Q other than statements of historical fact, including statements regarding our future operating results and financial position, our business strategy and plans, market growth and trends, and our objectives for future operations, are forward-looking statements. The words "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "could," "would," "project," "plan," "potentially," "likely," "target," and similar expressions are intended to identify forward-looking statements. Forward-looking statements contained in this Form 10-Q include, but are not limited to, statements about our expectations regarding: the impact of an economic downturn or recession, rising inflation or significant market volatility in the global economy on our customers, partners, employees and business; trends in key business metrics, including number of customers and dollar-based net retention rate, and non-GAAP financial measures and their usefulness in evaluating our business; trends in revenue, cost of revenue, and gross margin; trends in operating expenses, including research and development, sales and marketing, and general and administrative expense, and expectations regarding these expenses as a percentage of revenue; our existing cash and cash equivalents and cash provided by sales of our subscriptions being sufficient to support working capital and capital expenditures for at least the next 12 months and our ability to meet longer-term expected future cash requirements and obligations, through a

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements (unaudited)

Item 1. Financial Statements (unaudited) PAGERDUTY, INC. Condensed Consolidated Balance Sheets (in thousands) (unaudited) As of April 30, 2024 As of January 31, 2024 Assets Current assets: Cash and cash equivalents $ 382,541 $ 363,011 Investments 210,242 208,178 Accounts receivable, net of allowance for credit losses of $ 1,142 and $ 1,382 as of April 30, 2024 and January 31, 2024, respectively 77,536 100,413 Deferred contract costs, current 19,612 19,502 Prepaid expenses and other current assets 17,045 12,094 Total current assets 706,976 703,198 Property and equipment, net 17,400 17,632 Deferred contract costs, non-current 24,532 25,118 Lease right-of-use assets 2,943 3,789 Goodwill 137,401 137,401 Intangible assets, net 29,467 32,616 Other assets 5,324 5,552 Total assets $ 924,043 $ 925,306 Liabilities, redeemable non-controlling interest, and stockholders' equity Current liabilities: Accounts payable $ 6,558 $ 6,242 Accrued expenses and other current liabilities 12,893 15,472 Accrued compensation 28,609 30,239 Deferred revenue, current 219,571 223,522 Lease liabilities, current 5,498 6,180 Total current liabilities 273,129 281,655 Convertible senior notes, net 448,667 448,030 Deferred revenue, non-current 4,022 4,639 Lease liabilities, non-current 5,979 6,809 Other liabilities 4,209 5,280 Total liabilities 736,006 746,413 Commitments and contingencies (Note 10) Redeemable non-controlling interest (Note 3) 14,004 7,293 Stockholders' equity: Common stock — — Additional paid-in capital 794,842 774,768 Accumulated other comprehensive loss ( 1,235 ) ( 733 ) Accumulated deficit ( 569,574 ) ( 552,435 ) Treasury stock ( 50,000 ) ( 50,000 ) Total stockholders' equity 174,033 171,600 Total liabilities, redeemable non-controlling interest, and stockholders' equity $ 924,043 $ 925,306 See Notes to Condensed Consolidated Financial Statements 5 Table of Contents PAGERDUTY, INC. Condensed Consolidated Statements of Operation