PagerDuty Files Q3 FY25 10-Q Report

TL;DR

PagerDuty's Q3 FY25 10-Q is in. Check financials.

AI Summary

PagerDuty, Inc. filed its 10-Q for the period ending October 31, 2024. The filing covers the third quarter of their fiscal year 2025. Key financial data and operational details for this period are presented, reflecting the company's performance and financial position.

Why It Matters

This report provides investors and analysts with a detailed look at PagerDuty's financial health and operational performance during the third quarter of fiscal year 2025, influencing investment decisions.

Risk Assessment

Risk Level: medium — 10-Q filings are standard financial reports, but the specific details within can reveal significant financial performance or strategic shifts that may impact risk.

Key Numbers

• 0.02495 — EPS (Diluted) (Represents earnings per share for a specific period, likely a quarter or year-to-date.)
• 0.03656 — EPS (Diluted) (Represents earnings per share for a different period, possibly a comparative quarter or year-to-date.)

Key Players & Entities

• PagerDuty, Inc. (company) — Filer of the 10-Q report.
• 2024-10-31 (date) — End of the reporting period for the 10-Q.
• 2024-11-27 (date) — Date the 10-Q was filed.
• 600 Townsend Street #200, San Francisco, CA 94103 (address) — PagerDuty's business and mailing address.

FAQ

Key Financial Figures

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

Filing Documents

• pd-20241031.htm (10-Q) — 1482KB
• pagerdutyq3fy25-ex311xsec3.htm (EX-31.1) — 12KB
• pagerdutyq3fy25-ex312xsec3.htm (EX-31.2) — 11KB
• pagerdutyq3fy25-ex321xsec9.htm (EX-32.1) — 7KB
• 0001568100-24-000139.txt ( ) — 7241KB
• pd-20241031.xsd (EX-101.SCH) — 42KB
• pd-20241031_cal.xml (EX-101.CAL) — 77KB
• pd-20241031_def.xml (EX-101.DEF) — 198KB
• pd-20241031_lab.xml (EX-101.LAB) — 622KB
• pd-20241031_pre.xml (EX-101.PRE) — 434KB
• pd-20241031_htm.xml (XML) — 937KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements 4 Condensed Consolidated Balance Sheets (unaudited) 4 Condensed Consolidated Statements of Operations (unaudited) 5 Condensed Consolidated Statements of Comprehensive Loss (unaudited) 6 Condensed Consolidated Statements of Stockholders' Equity (unaudited) 7 Condensed Consolidated Statements of Cash Flows (unaudited) 9 Notes to Condensed Consolidated Financial Statements (unaudited) 10

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 43

Risk Factors

Item 1A. Risk Factors 43

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 43

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 43

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 44

Other Information

Item 5. Other Information 44

Exhibits

Item 6. Exhibits 45

SIGNATURES

SIGNATURES 46 2 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

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements PAGERDUTY, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands) (unaudited) October 31, 2024 January 31, 2024 Assets Current assets: Cash and cash equivalents $ 326,440 $ 363,011 Investments 215,722 208,178 Accounts receivable, net of allowance for credit losses of $ 803 and $ 1,382 as of October 31, 2024 and January 31, 2024, respectively 75,182 100,413 Deferred contract costs, current 19,632 19,502 Prepaid expenses and other current assets 17,157 12,094 Total current assets 654,133 703,198 Property and equipment, net 19,573 17,632 Deferred contract costs, non-current 24,167 25,118 Lease right-of-use assets 2,436 3,789 Goodwill 137,401 137,401 Intangible assets, net 23,698 32,616 Other assets 5,346 5,552 Total assets $ 866,754 $ 925,306 Liabilities, redeemable non-controlling interest, and stockholders' equity Current liabilities: Accounts payable $ 7,116 $ 6,242 Accrued expenses and other current liabilities 15,801 15,472 Accrued compensation 34,474 30,239 Deferred revenue, current 214,058 223,522 Lease liabilities, current 3,550 6,180 Convertible senior notes, net, current 57,332 — Total current liabilities 332,331 281,655 Convertible senior notes, net, non-current 392,697 448,030 Deferred revenue, non-current 2,659 4,639 Lease liabilities, non-current 6,119 6,809 Other liabilities 4,859 5,280 Total liabilities 738,665 746,413 Commitments and contingencies (Note 10) Redeemable non-controlling interest (Note 3) 16,493 7,293 Stockholders' equity Common stock — — Additional paid-in capital 699,633 774,768 Accumulated other comprehensive loss ( 502 ) ( 733 ) Accumulated deficit ( 586,410 ) ( 552,435 ) Treasury stock ( 1,125 ) ( 50,000 ) Total stockholders' equity 111,596 171,600 Total liabilities, redeemable non-controlling interest, and stockholders' equity $ 866,754 $ 925,306 See accompanying notes to unaudited condensed consolidated financial statements. 4 Table of Contents