Filing Flows › PagerDuty (PD) › Q3 FY26
PagerDuty (PD) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Nov 26, 2025
PagerDuty (PD) reported revenue of $125M for the third quarter fiscal 2026 (Q3 FY26), +5% from a year earlier and +0.9% from the quarter before. Operating margin was 6.5%, net earnings $162M (129.7% of revenue).
PagerDuty, Q3 FY26: revenue $125M (+5% year over year), operating margin 6.5%, net earnings $162M, operating cash flow $24.8M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $125M | +0.9% | +5% |
| Gross profit | $106M | +2% | +8% |
| Operating profit | $8.1M | +127% | — |
| Net earnings | $162M | 17× | — |
| Operating cash flow | $24.8M | -27% | +12% |
| Free cash flow | $20.9M | — | +8% |
What changed
Revenue was $124.5M in Q3 FY26, up 5% year over year and up 1% from the previous quarter.
Gross margin was 85.3%, up 2.3 points from a year earlier. Operating profit was $8.1M, a 6.5% margin (up 15.1 points year over year). Operating expenses fell 10% while revenue rose 5%. Net earnings were $161.6M ($161.4M including minority interests, which bore $184K of losses). The tax line was a benefit of $149.7M on pre-tax earnings of $11.7M. Non-operating items added $3.6M, 31% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $24.8M (up 12% year over year), 15% of net earnings. Non-cash charges added back $3.0M of depreciation and amortization and $22.6M of share-based compensation. Working capital and other items used $162.2M. After capitalization of software costs ($3.1M) and purchases of property and equipment ($743K), free cash flow as the company reports it was $20.9M.
Questions
What was PagerDuty's revenue in the third quarter fiscal 2026?
PagerDuty (PD) reported revenue of $125M for the third quarter fiscal 2026 (Q3 FY26), +5% from a year earlier and +0.9% from the quarter before.
Was PagerDuty profitable in the third quarter fiscal 2026?
Operating profit was $8.1M (6.5% of revenue) and net earnings $162M.
Source: PagerDuty 10-Q on SEC EDGAR.