Loading…
Incident-response and on-call alerting software that notifies engineers automatically when IT systems or apps fail.
Incident-response and on-call alerting software that notifies engineers automatically when IT systems or apps fail.
Sells subscriptions priced per user in tiers, with add-on modules for automation and AIOps charged separately; smaller customers buy online, while sales teams pursue larger enterprises on annual contracts. Revenue repeats and grows when customers add engineers or modules, and shrinks when they cut headcount.
Moat: narrow (switching costs, installed base). On-call workflows and integrations are deeply embedded in customers' engineering operations.
Headquarters: San Francisco, California, US · Founded: 2009 · Employees: 1,155
Size PagerDuty (PD) is a United States Information Technology company (Packaged Software) with a market value of $1.23B, the 2123rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $15.68 on 6 Nov 2026.
Performance Over six months the shares gained 115.1%, against +5.6% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd highest of 19 in its peer set.
Growth Revenue grew 2.3% over the last twelve months (peer median +15.1%); the operating margin is 7.3% (peer median 6.8%).
Valuation It trades at 11.1× forward earnings against a peer median of 19.6× (2nd cheapest of 14).
Price implies For today's price to make sense, revenue must grow about 13% a year for seven years (Req g). Recent delivered growth is +18%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.3 points above its cost of capital (8.6% WACC).
Backlog Backlog (remaining performance obligations) was $426M at 31 Jul 2026, up 0% on a year earlier — 0.9 years of trailing revenue. Backlog detail →
Credit PagerDuty has 1 bond outstanding ($402M).
Short interest Short interest is 9.7% of the free float (15 Oct 2026).
Next results Next results expected around 26 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $495M | $493M | $467M | $431M | $371M |
| Revenue growth | — | +5% | +9% | +16% | — |
| Gross profit | $420M | $418M | $385M | $332M | $281M |
| EBITDA | $53.8M | $19.0M | -$37.5M | -$45.0M | -$84.1M |
| Net income | $186M | $174M | -$54.5M | -$81.8M | -$128M |
| Free cash flow | $117M | $103M | $108M | $64.4M | $6.66M |
| Capital expenditure | $14.0M | $12.2M | $9.48M | $7.55M | $10.3M |
| Total debt | $413M | $413M | $464M | $461M | $302M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| PagerDuty PD | $1.23B | +115% | +2% | 7% | 11.1× | 12.8% |
| Atlassian TEAM | $38.7B | +5% | +26% | 4% | 28.7× | 44.7% |
| Datadog DDOG | $64.3B | -11% | +33% | 2% | 61.0× | n/a |
| ServiceNow NOW | $106B | +12% | +22% | 13% | 22.4× | 29.5% |
| Cisco CSCO | $369B | -3% | +12% | 25% | 18.4× | 15.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PD | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.8% | -6.4% | 7th highest of 21 |
| 6-month return | +115.1% | +5.6% | 2nd highest of 19 |
| Distance from 52-week high | -13.2% | -33.4% | 4th highest of 21 |
| Revenue growth (TTM) | +2.3% | +15.1% | 3rd lowest of 21 |
| Operating margin | 7.3% | 6.8% | 11th highest of 21 |
| Forward P/E | 11.1× | 19.6× | 2nd cheapest of 14 |
| Growth the price implies (Req g, 7 yrs) | 12.8% | 16.2% | 6th least demanding of 15 |
| Growth delivered (Del g) | +18.2% | +14.5% | 6th highest of 15 |
| Hurdle (Req g minus delivered) | -5.4 pp | -0.5 pp | 7th least demanding of 15 |
| ROIC minus cost of capital | +5.3 pp | -6.1 pp | 4th highest of 21 |
| EV / EBITDA | 22.1× | 12.4× | 4th most expensive of 12 |
| Net debt / EBITDA | -1.1× | 1.1× | 4th least indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| PagerDuty PD | United States | $1.23B | +115% | +2% | 7% | 11.1× | 12.8% | +18.2% |
| Cyient CYIENT.NS | India | $1.23B | +24% | +10% | 9% | 20.2× | 20.3% | +12.0% |
| Infomart 2492.T | Japan | $1.24B | +70% | +11% | 19% | 65.9× | 14.5% | +16.5% |
| InnovAge INNV | United States | $1.22B | +18% | +15% | 8% | 19.8× | -6.7% | +9.2% |
| Vitec Software VIT-B.ST | Sweden | $1.22B | +18% | +6% | 21% | 24.0× | 3.8% | +22.6% |
| Modern Times Group MTG MTG-A.ST | Sweden | $1.22B | +16% | +42% | 11% | 6.6× | -8.4% | +23.7% |
| Datang Telecom Technology 600198.SS | China | $1.25B | -24% | -11% | -30% | n/a | n/a | n/a |
| Digital Turbine APPS | United States | $1.26B | +200% | +19% | 10% | 14.7× | 33.1% | +12.5% |
| Fengzhushou 301382.SZ | China | $1.28B | -32% | +28% | 8% | n/a | n/a | n/a |
| Beijing Zhongke WengeAI Science and Technology 1956.HK | Hong Kong | $1.19B | n/a | +28% | -54% | n/a | n/a | n/a |
| ICkey (Shanghai) Internet & Technology 301563.SZ | China | $1.19B | -26% | +26% | 4% | n/a | n/a | n/a |
| Corsair Gaming CRSR | United States | $1.28B | +63% | +3% | 3% | 16.1× | 24.3% | -2.9% |
| Shenzhen HQVT Technology 1392.HK | Hong Kong | $1.28B | n/a | +28% | 5% | n/a | n/a | n/a |
| Chinasoft International 0354.HK | Hong Kong | $1.18B | 0% | +3% | 2% | 12.4× | 17.8% | +3.1% |
| Genimous Technology 000676.SZ | China | $1.30B | -7% | +3% | 6% | n/a | 14.1% | -17.5% |
| Merit Interactive 300766.SZ | China | $1.17B | -30% | +30% | -2% | n/a | n/a | n/a |
| CHAPTERS CHG.DE | Germany | $1.30B | +48% | +63% | -21% | 294.5× | 43.9% | +178.6% |
| Richinfo Technology 300634.SZ | China | $1.30B | -15% | -11% | 10% | 31.2× | 20.8% | +19.9% |
| Bandwidth BAND | United States | $1.31B | -19% | +15% | -1% | 19.6× | 19.3% | +17.0% |
| Opera Limited Sponsored ADR OPRA | United States | $1.31B | -21% | +23% | 16% | 11.9× | 4.5% | +30.1% |
| NSD 9759.T | Japan | $1.32B | +12% | +10% | 16% | 16.6× | -10.9% | +12.2% |
PagerDuty has 1 bond outstanding with $402M face value.
PagerDuty reported $426M of remaining performance obligations at 31 Jul 2026, up 0% from a year earlier and down 3% from the previous quarter. That is 0.9 years of trailing revenue already under contract. Book-to-bill last quarter: 0.88.