PDPagerDuty, Inc.
Services-Prepackaged Software
- Revenue
- $493M
- 5.4% YoY
- Operating margin
- 1.2%
- 109% YoY
- EBITDA
- $19M
- 148% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 9.9×
- $187M net debt
- AI in 10-K
- —
Red flags 3 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashFired67% of net incomeCash flow under 80% of net income
- Dilutive SBCFired20% of revenueOver 10% of revenue
- Payouts exceed cash flowFired117% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear14% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $281M | $371M | $431M | $467M | $493M | 5.4% |
| Operating income | −$102M | −$129M | −$96M | −$60M | $6M | 110% |
| Net income | −$107M | −$129M | −$77M | −$44M | $173M | 497% |
| Operating cash flow | −$6M | $17M | $72M | $118M | $115M | 2.6% |
| Capex | $3M | $5M | $2M | $3M | $3M | 5.4% |
| Stock-based comp | $70M | $110M | $127M | $126M | $98M | 23% |
| Buybacks | $0 | $0 | $50M | $100M | $135M | 35% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | $15M | $2M | 22 | 110 |
| FY2025 | $20M | $13M | 38 | 127 |
| FY2024 | $20M | $3M | 49 | 97 |
| FY2023 | $23M | $5M | 61 | 80 |
| FY2022 | $13M | −$2M | 68 | 97 |