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Jan 31, 2024

PagerDuty Q4 2024 Earnings Report

PagerDuty's Q4 2024 earnings showcased revenue growth and operating margin improvement.

Key Takeaways

PagerDuty reported a 10.1% increase in revenue to $111.1 million for the fourth quarter of fiscal year 2024. The company's GAAP operating loss was $33.4 million, while non-GAAP operating income reached $11.0 million. PagerDuty's annual recurring revenue (ARR) grew 10% year over year to $451.9 million.

Revenue increased by 10.1% year-over-year to $111.1 million.

GAAP operating loss was $33.4 million, with a margin of (30.1)%.

Non-GAAP operating income was $11.0 million, resulting in a margin of 9.9%.

ARR grew 10% year-over-year to $451.9 million.

Total Revenue
$111M
Previous year: $101M
+10.1%
EPS
$0.17
Previous year: $0.08
+112.5%
Total Paid Customers
15.04K
Gross Profit
$85.5M
Previous year: $82.6M
+3.5%
Cash and Equivalents
$363M
Previous year: $274M
+32.5%
Free Cash Flow
$19.6M
Previous year: $15.6M
+25.9%
Total Assets
$925M
Previous year: $818M
+13.1%

PagerDuty

PagerDuty

Forward Guidance

For the first quarter of fiscal 2025, PagerDuty expects total revenue of $110.5 million - $112.5 million, representing a growth rate of 7% - 9% year over year, and non-GAAP net income per diluted share of $0.12 - $0.13.

Positive Outlook

  • Total revenue of $110.5 million - $112.5 million
  • Revenue growth rate of 7% - 9% year over year
  • Non-GAAP net income per diluted share of $0.12 - $0.13
  • Assuming approximately 96 million diluted shares
  • Non-GAAP tax rate of 23%