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Oct 31, 2024

PagerDuty Q3 2025 Earnings Report

PagerDuty's third quarter results for fiscal year 2025 showed revenue and non-GAAP operating income above guidance, with annual recurring revenue increasing.

Key Takeaways

PagerDuty reported a solid quarter with revenue of $118.9 million, a 9.4% increase year-over-year, and non-GAAP operating income of $25.0 million. Annual recurring revenue (ARR) grew 10% year-over-year to $483 million.

Revenue was $118.9 million, an increase of 9.4% year over year.

Ending ARR grew 10% year over year to $483 million.

Non-GAAP operating income was $25.0 million, representing a 21.0% non-GAAP operating margin.

Free and paid customers totaled more than 30,000, representing approximately 11% growth year over year.

Total Revenue
$119M
Previous year: $109M
+9.4%
EPS
$0.25
Previous year: $0.2
+25.0%
Total Paid Customers
15.05K
Previous year: 15.05K
+0.0%
Gross Profit
$98.7M
Previous year: $89M
+10.9%
Cash and Equivalents
$326M
Previous year: $380M
-14.2%
Free Cash Flow
$19.4M
Previous year: $15.2M
+27.7%
Total Assets
$867M
Previous year: $887M
-2.3%

PagerDuty

PagerDuty

Forward Guidance

For the fourth quarter of fiscal 2025, PagerDuty expects total revenue of $118.5 million - $120.5 million, representing a growth rate of 7% - 8% year over year, and non-GAAP net income per diluted share of $0.15 - $0.16.

Positive Outlook

  • Total revenue of $118.5 million - $120.5 million, representing a growth rate of 7% - 8% year over year.
  • Non-GAAP net income per diluted share of $0.15 - $0.16.
  • Assuming approximately 93 million diluted shares.
  • Non-GAAP tax rate of 23%.
  • Full fiscal year 2025 revenue expected to be $464.5 million - $466.5 million, representing a growth rate of 8% year over year.