PagerDuty Files 10-Q for Q2 FY2025

TL;DR

PagerDuty's Q2 FY25 10-Q is in. Check financials.

AI Summary

PagerDuty, Inc. filed its 10-Q for the period ending July 31, 2024. The filing covers the second quarter of fiscal year 2025, detailing financial performance and operational updates. Key financial data and disclosures relevant to investors are presented within this report.

Why It Matters

This 10-Q filing provides investors with the latest financial performance and operational details for PagerDuty, Inc., crucial for understanding the company's current health and future prospects.

Risk Assessment

Risk Level: medium — 10-Q filings are standard financial reports, but the specific details within can reveal significant risks or opportunities.

Key Numbers

• 0.02495 — EPS (Earnings per share for a specific period)
• 0.03656 — EPS (Earnings per share for a different period)

Key Players & Entities

• PagerDuty, Inc. (company) — Filer of the 10-Q
• 20240731 (date) — End of the reporting period
• 20240904 (date) — Filing date
• 600 TOWNSEND STREET #200 (address) — Company's business and mailing address
• SAN FRANCISCO (location) — City of company's address
• DE (location) — State of incorporation

FAQ

Key Financial Figures

• $0.000005 — ich registered Common Stock, par value $0.000005 per share PD New York Stock Exchange

Filing Documents

• pd-20240731.htm (10-Q) — 1449KB
• pagerdutyq2fy25-ex311xsec3.htm (EX-31.1) — 12KB
• pagerdutyq2fy25-ex312xsec3.htm (EX-31.2) — 11KB
• pagerdutyq2fy25-ex321xsec9.htm (EX-32.1) — 7KB
• 0001568100-24-000109.txt ( ) — 7117KB
• pd-20240731.xsd (EX-101.SCH) — 42KB
• pd-20240731_cal.xml (EX-101.CAL) — 75KB
• pd-20240731_def.xml (EX-101.DEF) — 193KB
• pd-20240731_lab.xml (EX-101.LAB) — 608KB
• pd-20240731_pre.xml (EX-101.PRE) — 425KB
• pd-20240731_htm.xml (XML) — 931KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements 5 Condensed Consolidated Balance Sheets (unaudited) 5 Condensed Consolidated Statements of Operations (unaudited) 6 Condensed Consolidated Statements of Comprehensive Loss (unaudited) 7 Condensed Consolidated Statements of Stockholders' Equity (unaudited) 8 Condensed Consolidated Statements of Cash Flows (unaudited) 10 Notes to Condensed Consolidated Financial Statements (unaudited) 11

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

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 26

Quantitative and Qualitative Disclosures about Market Risk

Item 3. Quantitative and Qualitative Disclosures about Market Risk 41

Controls and Procedures

Item 4. Controls and Procedures 41

- OTHER INFORMATION

PART II - OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 42

Risk Factors

Item 1A. Risk Factors 42

Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities

Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities 45

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 45

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 45

Other Information

Item 5. Other Information 45

Exhibits

Item 6. Exhibits 46

SIGNATURES

SIGNATURES 47 Table of Contents SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q ("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 c

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements PAGERDUTY, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands) (unaudited) July 31, 2024 January 31, 2024 Assets Current assets: Cash and cash equivalents $ 385,673 $ 363,011 Investments 213,640 208,178 Accounts receivable, net of allowance for credit losses of $ 948 and $ 1,382 as of July 31, 2024 and January 31, 2024, respectively 66,804 100,413 Deferred contract costs, current 19,676 19,502 Prepaid expenses and other current assets 14,683 12,094 Total current assets 700,476 703,198 Property and equipment, net 18,239 17,632 Deferred contract costs, non-current 24,373 25,118 Lease right-of-use assets 3,339 3,789 Goodwill 137,401 137,401 Intangible assets, net 26,530 32,616 Other assets 5,648 5,552 Total assets $ 916,006 $ 925,306 Liabilities, redeemable non-controlling interest, and stockholders' equity Current liabilities: Accounts payable $ 6,940 $ 6,242 Accrued expenses and other current liabilities 16,104 15,472 Accrued compensation 29,547 30,239 Deferred revenue, current 214,494 223,522 Lease liabilities, current 4,603 6,180 Convertible senior notes, net, current 57,241 — Total current liabilities 328,929 281,655 Convertible senior notes, net, non-current 392,098 448,030 Deferred revenue, non-current 3,395 4,639 Lease liabilities, non-current 6,622 6,809 Other liabilities 4,216 5,280 Total liabilities 735,260 746,413 Commitments and contingencies (Note 10) Redeemable non-controlling interest (Note 3) 16,062 7,293 Stockholders' equity Common stock — — Additional paid-in capital 747,599 774,768 Accumulated other comprehensive loss ( 730 ) ( 733 ) Accumulated deficit ( 580,486 ) ( 552,435 ) Treasury stock ( 1,699 ) ( 50,000 ) Total stockholders' equity 164,684 171,600 Total liabilities, redeemable non-controlling interest, and stockholders' equity $ 916,006 $ 925,306 See accompanying notes to unaudited condensed consolidated financial statements. 5 Table of Contents PAGE