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PagerDuty, Inc. (PD) Fundamental Analysis & AI Grade 2026

PD NYSE Services-Prepackaged Software DE CIK: 0001568100
Updated This Month • Analysis: May 30, 2026 • SEC Data: 2026-04-30
Combined AI Grade
B
78% Confidence
N/A
B
78% Conf
Pending
Analysis scheduled

📊 PD Key Takeaways

Revenue: $121.0M
Net Margin: 4.4%
Free Cash Flow: $43.3M
Current Ratio: 1.95x
Debt/Equity: 1.94x
EPS: $0.13
AI Grade: B with 78% confidence
PagerDuty, Inc. (PD) receives a B fundamental grade with 78% confidence from our AI analysis based on SEC 10-K filings. With revenue of $121.0M, net profit margin of 4.4%, and return on equity (ROE) of 2.4%, PagerDuty, Inc. demonstrates mixed fundamentals in the Technology sector. Below is our complete PD stock analysis for 2026.

Is PagerDuty, Inc. (PD) a Good Investment?

Claude

PagerDuty generates strong free cash flow (35.8% FCF margin) with solid gross margins (84.3%), but profitability is constrained by high leverage (1.94x D/E) and weak operating margins (7.6%). Modest revenue growth (5.4%) barely translates to net income expansion (0.7%), while tight interest coverage (2.0x) creates vulnerability to operational headwinds.

PagerDuty, Inc. Key Strengths (PD)

Claude
  • + Exceptional gross margins of 84.3% demonstrate strong underlying unit economics in SaaS model
  • + Free cash flow generation of $43.3M (35.8% FCF margin) shows business produces real cash despite accounting profitability pressure
  • + Strong liquidity position with $208.9M cash reserves and 1.95x current ratio provides downside protection

PD Stock Risks: PagerDuty, Inc. Investment Risks

Claude
  • ! High financial leverage (1.94x D/E, $420.6M long-term debt) constrains profitability and limits financial flexibility; interest coverage of 2.0x is dangerously tight
  • ! Anemic revenue growth (5.4% YoY) and near-flat net income growth (0.7%) suggest business is mature/saturated with limited expansion opportunities
  • ! Operating margin of only 7.6% indicates operational inefficiency; typical SaaS companies operate at 15-30%+ margins, signaling cost structure problems or pricing weakness

Key Metrics to Watch

Claude
  • * Operating margin trend—must improve toward 12-15%+ to justify capital structure
  • * Revenue growth acceleration and net income leverage—need organic growth >10% with margin expansion
  • * Debt reduction or refinancing strategy—leverage ratio >1.9x unsustainable if growth stalls; monitor for covenant violations

PagerDuty, Inc. (PD) Financial Metrics & Key Ratios

Revenue
$121.0M
Net Income
$5.3M
EPS (Diluted)
$0.13
Free Cash Flow
$43.3M
Total Assets
$936.6M
Cash Position
$208.9M

💡 AI Analyst Insight

The 35.8% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments.

PD Profit Margin, ROE & Profitability Analysis

Gross Margin 84.3%
Operating Margin 7.6%
Net Margin 4.4%
ROE 2.4%
ROA 0.6%
FCF Margin 35.8%

PD vs Technology Sector: How PagerDuty, Inc. Compares

How PagerDuty, Inc. compares to Technology sector averages

Net Margin
PD 4.4%
vs
Sector Avg 18.0%
PD Sector
ROE
PD 2.4%
vs
Sector Avg 22.0%
PD Sector
Current Ratio
PD 1.9x
vs
Sector Avg 2.5x
PD Sector
Debt/Equity
PD 1.9x
vs
Sector Avg 0.5x
PD Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is PagerDuty, Inc. Stock Overvalued? PD Valuation Analysis 2026

Based on fundamental analysis, PagerDuty, Inc. shows some fundamental concerns relative to the Technology sector in 2026.

Return on Equity
2.4%
Sector avg: 22%
Net Profit Margin
4.4%
Sector avg: 18%
Revenue Growth
N/A
Year-over-year
Debt/Equity
1.94x
Sector avg: 0.5x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

PagerDuty, Inc. Balance Sheet: PD Debt, Cash & Liquidity

Current Ratio
1.95x
Quick Ratio
1.95x
Debt/Equity
1.94x
Debt/Assets
75.6%
Interest Coverage
2.04x
Long-term Debt
$420.6M

PD Revenue & Earnings Growth: 5-Year Financial Trend

PD 5-year financial data: Year 2022: Revenue $281.4M, Net Income -$50.3M, EPS $-0.77. Year 2023: Revenue $370.8M, Net Income -$68.9M, EPS $-0.87. Year 2024: Revenue $430.7M, Net Income -$107.5M, EPS $-1.27. Year 2025: Revenue $467.5M, Net Income -$128.4M, EPS $-1.45. Year 2026: Revenue $492.5M, Net Income -$75.2M, EPS $-0.89.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: PagerDuty, Inc.'s revenue has grown significantly by 75% over the 5-year period, indicating strong business expansion. The most recent EPS of $-0.89 indicates the company is currently unprofitable.

PD Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
35.8%
Free cash flow / Revenue

PD Quarterly Earnings & Performance

Quarterly financial performance data for PagerDuty, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2027 $119.8M $5.3M $-0.07
Q3 2026 $118.9M -$5.9M $-0.07
Q2 2026 $115.9M $2.4M $0.03
Q1 2026 $111.2M -$7.2M $-0.07
Q3 2025 $108.7M -$5.9M $-0.07
Q2 2025 $107.6M -$10.9M $-0.14
Q1 2025 $103.2M -$12.2M $-0.13
Q3 2024 $94.2M -$12.8M $-0.16

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

PagerDuty, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$44.3M
Cash generated from operations
Stock Buybacks
$65.5M
Shares repurchased (TTM)
Capital Expenditures
$965.0K
Investment in assets
Dividends
None
No dividend program

PD SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for PagerDuty, Inc. (CIK: 0001568100)

📋 Recent SEC Filings

Date Form Document Action
May 28, 2026 10-Q pd-20260430.htm View →
May 28, 2026 8-K pd-20260527.htm View →
May 20, 2026 4 xslF345X06/wk-form4_1779307950.xml View →
May 13, 2026 4 xslF345X06/wk-form4_1778711004.xml View →
May 11, 2026 8-K ef20072978_8k.htm View →

Frequently Asked Questions about PD

What is the AI rating for PD?

PagerDuty, Inc. (PD) has an AI grade of B with 78% confidence, based on fundamental analysis of SEC EDGAR filings.

What are PD's key strengths?

Claude: Exceptional gross margins of 84.3% demonstrate strong underlying unit economics in SaaS model. Free cash flow generation of $43.3M (35.8% FCF margin) shows business produces real cash despite accounting profitability pressure.

What are the risks of investing in PD?

Claude: High financial leverage (1.94x D/E, $420.6M long-term debt) constrains profitability and limits financial flexibility; interest coverage of 2.0x is dangerously tight. Anemic revenue growth (5.4% YoY) and near-flat net income growth (0.7%) suggest business is mature/saturated with limited expansion opportunities.

What is PD's revenue and growth?

PagerDuty, Inc. reported revenue of $121.0M.

Does PD pay dividends?

PagerDuty, Inc. does not currently pay dividends.

Where can I find PD SEC filings?

Official SEC filings for PagerDuty, Inc. (CIK: 0001568100) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is PD's EPS?

PagerDuty, Inc. has a diluted EPS of $0.13.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is PD's fundamental grade?

Based on our AI fundamental analysis in June 2026, PagerDuty, Inc. has a B grade with 78% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is PD stock overvalued or undervalued?

Valuation metrics for PD: ROE of 2.4% (sector avg: 22%), net margin of 4.4% (sector avg: 18%). Compare these metrics with sector averages to assess valuation.

What is PD's AI grade for 2026?

Our dual AI analysis gives PagerDuty, Inc. a combined B grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is PD's free cash flow?

PagerDuty, Inc.'s operating cash flow is $44.3M, with capital expenditures of $965.0K. FCF margin is 35.8%.

How does PD compare to other Technology stocks?

Vs Technology sector averages: Net margin 4.4% (avg: 18%), ROE 2.4% (avg: 22%), current ratio 1.95 (avg: 2.5).

Is PagerDuty, Inc. carrying too much debt?

PD has a debt-to-equity ratio of 1.94x, which is above the Technology sector average of 0.5x. However, the current ratio of 1.95 suggests adequate short-term liquidity.

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 30, 2026 | Data as of: 2026-04-30 | Powered by Claude AI