Filing Flows › PagerDuty (PD) › Q1 FY26
PagerDuty (PD) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed May 30, 2025
PagerDuty (PD) reported revenue of $120M for the first quarter fiscal 2026 (Q1 FY26), +8% from a year earlier and -1% from the quarter before. Operating margin was -8.6%, net loss $7.4M (6.2% of revenue).
PagerDuty, Q1 FY26: revenue $120M (+8% year over year), operating margin -8.6%, net loss $7.4M, operating cash flow $30.7M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $120M | -1% | +8% |
| Operating profit | −$10.3M | — | — |
| Net earnings | −$7.4M | — | — |
| Operating cash flow | $30.7M | -2% | +7% |
| Free cash flow | $29.0M | — | +7% |
What changed
Revenue was $119.8M in Q1 FY26, up 8% year over year and down 1% from the previous quarter.
Gross margin was 84.0%, up 1.4 points from a year earlier. Operating costs exceeded revenue by $10.3M, an operating margin of -8.6%. Operating expenses fell 2% while revenue rose 8%. The quarter ended with a net loss of $7.4M, narrower than the previous quarter's $8.9M loss. Minority interests bore $217K of it: to shareholders the quarter was a loss of $7.2M. Non-operating items added $3.8M, -57% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $30.7M (up 7% year over year). Non-cash charges added back $4.0M of depreciation and amortization and $25.8M of share-based compensation. Working capital and other items added $8.3M. After capitalization of software costs ($1.2M) and purchases of property and equipment ($441K), free cash flow as the company reports it was $29.0M.
Questions
What was PagerDuty's revenue in the first quarter fiscal 2026?
PagerDuty (PD) reported revenue of $120M for the first quarter fiscal 2026 (Q1 FY26), +8% from a year earlier and -1% from the quarter before.
Was PagerDuty profitable in the first quarter fiscal 2026?
Operating loss was $10.3M (-8.6% of revenue) and net loss $7.4M.
Source: PagerDuty 10-Q on SEC EDGAR.