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Apr 30, 2024
PagerDuty Q1 2025 Earnings Report
PagerDuty's Q1 2025 financial results showcased revenue growth and continued non-GAAP profitability.
Key Takeaways
PagerDuty announced a solid first quarter with revenue increasing 8% year over year to $111.2 million. The company's annual recurring revenue growth stabilized at 10%, and it achieved its seventh consecutive quarter of non-GAAP profitability. A share repurchase program for up to $100 million of common stock was also announced.
Revenue increased by 7.7% year over year, reaching $111.2 million.
GAAP operating loss was $21.7 million, while non-GAAP operating income was $15.3 million.
Customers with annual recurring revenue over $100,000 grew by 6% to 811.
The company reported a dollar-based net retention rate of 106%.
PagerDuty
PagerDuty
Forward Guidance
For the second quarter of fiscal 2025, PagerDuty expects revenue of $115.5 million - $117.5 million, representing a growth rate of 7% - 9% year over year, and non-GAAP net income per diluted share of $0.16 - $0.17. For the full fiscal year 2025, PagerDuty expects revenue of $471.0 million - $477.0 million, representing a growth rate of 9% - 11% year over year, and non-GAAP net income per diluted share of $0.66 - $0.71.
Positive Outlook
- Total revenue is expected to grow 7% - 9% year over year in Q2 2025.
- Non-GAAP net income per diluted share is projected to be $0.16 - $0.17 in Q2 2025.
- Full fiscal year 2025 revenue is anticipated to grow 9% - 11% year over year.
- Non-GAAP net income per diluted share for the full fiscal year 2025 is expected to be $0.66 - $0.71.
- The company assumes approximately 97 million diluted shares and a non-GAAP tax rate of 23% for both Q2 and full fiscal year 2025.