PagerDuty, Inc.

PagerDuty, Inc.

PDProductivity

PagerDuty is a digital operations management platform that helps organizations detect, triage, mobilize, and resolve critical incidents in real time.

Key figures

Data as of Jul 2026 · Pills compare vs Apr 2026
ARR Multiple
2.6x
+1.0x
ARR
$498M
+2.9%
YoY Growth
0.8%
-0.1pp
Market Cap
$1.3B
+57.7%
Revenue (Q)
$124M
+2.9%
Gross Margin
83.9%
-0.4pp
Op. Margin
8.2%
+0.6pp
Rule of 40
9.1
+1.8
Magic Number
0.35
+0.69

Revenue, margins & ratios from SEC filings; market cap & ARR multiple from market data. Market cap & ARR multiple use the close of 13 Oct 2026; their pills compare vs the Jul 2026 quarter-end (1.7x).

Valuation by quarter

Current ARR Multiple: 1.7x· Forward at Q3 FY2027 guidance: 1.7x

Calculated valuation

FRAMEWORK EST.
Valuation data is not available for this company.

Strategy recommendations

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AI Replacement RiskLOW
9/ 100
LowModerateElevatedHigh

Estimated likelihood that general-purpose AI replaces this product.

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Why this rating

From the AI Risk Calculator model

Structural moats (regulation, integration depth, or proprietary data) make AI-only replacement unlikely in the near term.

What's driving the score
DevOps & developer toolsCategory baseline
low base
Workflow complexity5/5
-12 risk
Data moat3/5
-1 risk
Integration depthHigh
-10 risk
SegmentEnterprise
-8 risk
IndustryOther
neutral
Own AI integration3/5
-1.6 risk

Company overview

PagerDuty is a digital operations management platform that helps organizations detect, triage, mobilize, and resolve critical incidents in real time. Alex Solomon, Baskar Puvanathasan, and Andrew Miklas founded it in 2009 in San Francisco. PagerDuty replaced legacy alerting systems with an intelligent, automated operations platform used by engineering, IT, security, and customer service teams.

The Operations Cloud ingests signals from virtually any monitoring, observability, or ticketing tool. Datadog, New Relic, Splunk, AWS CloudWatch, Nagios, Zendesk. It uses event intelligence, which is machine learning-based noise reduction, alert correlation, and root cause analysis, to cut through alert storms. Duplicate alerts get suppressed. Only actionable incidents reach the right on-call person. Automated escalation policies, scheduling, and multi-channel notifications through push, SMS, phone, Slack, and Teams ensure critical issues get addressed within minutes.

The platform extends beyond incident response. AIOps capabilities, process automation from the Rundeck acquisition, status pages for stakeholder communication, and workflow automation all broaden the scope. Automation Actions let responders run diagnostic and remediation scripts directly from the incident timeline, cutting resolution time. PagerDuty Copilot brings generative AI with automated postmortems, status update drafts, and remediation suggestions.

Over 29,000 customers use PagerDuty, including about 65% of the Fortune 100. Technology, financial services, retail, healthcare, and government are the primary sectors. Annual revenue is roughly $450 million. Subscriptions drive over 95% of revenue. Gross margins exceed 85%. About 1,200 employees work at the company. PagerDuty has become a critical piece of modern DevOps, SRE, and ITOps practices.

Entity information

Industry7372: Services-Prepackaged Software
Fiscal YearJan 31
IncorporatedDelaware
Phone(844) 800-3889
Address600 TOWNSEND STREET #200, SAN FRANCISCO, CA, 94103
Mailing address600 TOWNSEND STREET #200, SAN FRANCISCO, CA, 94103
EIN27-2793871
Entity typeoperating
SEC industry framework06 Technology

SaaS KPIs

Reported in at least 3 quarters

Free Cash Flow Margin

26 quarters
26.3%
Q2 FY2027-7.8pp

Non-GAAP Operating Margin

26 quarters
23.7%
Q2 FY2027-0.9pp

Free Cash Flow

25 quarters
$32.8M
Q2 FY2027-20.4%

Dollar-Based Net Retention Rate

21 quarters
98%
Q2 FY2027+1.0pp

Total Paid Customers

20 quarters
15,506
Q2 FY2027+0.8%

Non-GAAP Gross Margin

16 quarters
85.5%
Q1 FY2027-0.5pp

Management outlook

Given with Q2 FY2027 results (Jul 2026)
ReportedGuidance

Guided revenue, Q3 FY2027$123.0M – $125.0M
Midpoint$124.0M
Growth vs Q2 FY2027-0.4%
Growth vs Q3 FY2026-0.4%
Q3 FY27
Non-GAAP operating margin26.5% to 27.5%
Non-GAAP net income per diluted share attributable to PagerDuty, Inc. common stockholders$0.34 - $0.36
Full Year FY27
Total revenue$491.5 million - $496.5 million
Non-GAAP operating margin25.0% to 26.0%
Non-GAAP net income per diluted share attributable to PagerDuty, Inc. common stockholders$1.33 - $1.37

Quarterly financials

Left axis in $ (Revenue, Gross profit, Net income, S&M); right axis for ratios (Rule of 40, Magic number). Click a legend item to toggle it.

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