PagerDuty Q1 2026 – Revenue Up 7.8% to $119.8M

By Bobby Samwell • Friday, May 30 06:05 • Permanent Link

PagerDuty, Inc. has reported its financial results for the first quarter of fiscal 2026, ended April 30, 2025. The company's revenue increased by 7.8% year over year to $119.8 million, while annual recurring revenue (ARR) grew by 7% year over year to $496 million.

The loss from operations for the first quarter was $10.3 million, with an operating margin of negative 8.6%. However, the non-GAAP operating income was $24.4 million, with a non-GAAP operating margin of 20.3%.

The company's net cash provided by operating activities was $30.7 million, and free cash flow was $29.0 million. Cash, cash equivalents, and investments were reported at $597.1 million as of April 30, 2025.

When compared to the same period last year, PagerDuty noted that customers with ARR over $100 thousand grew by 5% to 848. Additionally, the dollar-based net retention rate was reported at 104%, down from 106% in the previous year.

The total paid customers increased to 15,247 from 15,120, representing a 1% growth year over year. Moreover, the company reported that free and paid customers totaled more than 32,000 as of April 30, 2025, indicating approximately 9% growth since the same period in 2024.

PagerDuty also highlighted that remaining performance obligations were $430 million as of April 30, 2025. The company expects to recognize approximately $302 million, or 70%, of this amount as revenue over the next 12 months, with the balance to be recognized as revenue thereafter.

Looking ahead, for the second quarter of fiscal 2026, PagerDuty expects total revenue of $122.5 million to $124.5 million, representing a growth rate of 6% to 7% year over year. The company also provided its full fiscal year 2026 outlook, expecting total revenue of $493.0 million to $499.0 million, representing a growth rate of 5% to 7% year over year.

PagerDuty's non-GAAP net income per diluted share attributable to PagerDuty, Inc. common stockholders is expected to be $0.95 to $1.00 for the full fiscal year 2026, assuming approximately 93 million diluted shares and a non-GAAP tax rate of 22%. Following these announcements, the company's shares moved 0.28%, and are now trading at a price of $16.045. For the full picture, make sure to review PagerDuty's 8-K report.

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