PagerDuty Inc (STU:2TY)
€ 7.92 +0.36 (+4.76%) Market Cap: 617.05 Mil Enterprise Value: 599.91 Mil PE Ratio: 4.46 PB Ratio: 3.22 GF Score: 54/100

Q4 2026 PagerDuty Inc Earnings Call Transcript

Mar 12, 2026 / 09:00 PM GMT
Release Date Price: €6.28 (-1.10%)

Key Points

Positve
  • PagerDuty Inc (PD) achieved its first GAAP profitable year, demonstrating strong financial discipline.
  • The company reported $125 million in revenue for Q4, a 3% year-over-year increase, exceeding guidance.
  • Annual recurring revenue (ARR) reached $499 million, with significant contributions from enterprise customers.
  • PagerDuty Inc (PD) expanded its non-GAAP operating margin by nearly 700 basis points, showing operational efficiency.
  • The company secured over 40 deals worth $100,000 or more in Q4, indicating strong enterprise demand.
Negative
  • There was a modest decline in the number of customers spending over $100,000 annually, reflecting churn in the mid-size spend range.
  • The company faced headwinds from seat-based compression, impacting some of its installed base.
  • Dollar-based net retention was 98%, indicating some challenges in retaining revenue from existing customers.
  • The transition to consumption-based pricing may create short-term revenue volatility.
  • The macroeconomic environment remains volatile, which could impact future growth and customer spending.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PD.N - PagerDuty Inc
Q4 2026 PagerDuty Inc Earnings Call
Mar 12, 2026 / 09:00PM GMT

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Presentation
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Transformational year for pager duty.

We stabilized Aarar and Kantian business, ending the year of results.

In our first GAAP profitable year, we continued to increase operating margins through disciplined execution while advancing our AI first operations for mission critical work.

In Qfo, we delivered $125 million in revenue, up 3% year over year and 24% non-GAAP operating margin, both above our guidance ranges.

Total annual recurring revenue ended the year at $499 million with an increasing contribution from enterprise customers.

Throughout the year, we expanded non-GAAP operating margin by nearly 700 basis points through consistent discipline, structural efficiency initiatives and AI

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