PagerDuty’s Q1 2026 10-Q: Green Flags All Around! (But Don’t Get Too Excited Yet)

Welcome back to your favorite ongoing saga: Decoding the SEC Filings of PagerDuty, Inc. (PD). Consider this your definitive, ever-expanding library on all things PD and their adventures in the world of regulatory paperwork. Today, we’re diving into the juicy details of their 10-Q filed on May 30, 2025, hot off the heels of their Q1 2026 earnings announcement.

PagerDuty’s Q1 FY26 revenue grew by 7.8% YoY, reaching $119.8 million, and their net loss narrowed significantly. This positive trend is further validated by the CEO and CFO certifications accompanying the 10-Q filing.

As you might recall from our previous installment (the 8-K from May 29th, 2025), PagerDuty had already prepped us for some good news. The press release (EX-99.1) teased strong Q1 results. Now, the 10-Q (Document 1) confirms it, with revenue hitting $119.8 million (a 7.8% YoY jump). Even better, their net loss shrunk to $(7.4) million, a noticeable improvement from the $(17.3) million loss in Q1 FY24. [[GREEN_FLAG]] ✅

But that’s not all, folks! The 10-Q also reveals that PagerDuty bought back $100 million worth of its own stock in the year ending January 31, 2025, and then authorized *another* $150 million buyback program in March 2025. That’s some serious confidence in their own future, right? Almost like they’re saying, “We’re undervalued, and we know it.” 🤔

PagerDuty’s CEO and CFO have both certified the accuracy of the 10-Q filing, adding further credibility to the reported positive financial results. [[GREEN_FLAG]] ✅

Of course, no SEC filing adventure is complete without the CEO and CFO certifications. Document 2 (EX-31.1) and Document 3 (EX-31.2) deliver on that front. Both Jennifer Tejada (CEO) and the CFO swear on a stack of 10-Ks that everything is accurate and above board. Nothing to see here, folks, just good old-fashioned financial reporting. (Or so they say.) 😉

And just to really hammer it home, we have Document 4 (EX-32.1), another joint CEO/CFO certification echoing the same message. It’s like they’re triple-dog-daring us to doubt them.

With $430 million in remaining performance obligations, $302 million of which is expected to be recognized within the next 12 months, PagerDuty appears well-positioned for continued growth.

The Analyst’s Crystal Ball: PagerDuty, Inc. (PD) – What Now? (Updated May 30, 2025) 🔮

Overall Outlook & Forecast

So, what does this mean for PagerDuty’s future? The strong Q1 results, combined with the large amount of remaining performance obligations ($430 million total, with $302 million expected in the next 12 months), suggest continued growth. The stock buybacks further hint at management’s belief in the company’s undervaluation. However, as always, caution is advised. Let’s look at the potential scenarios:

What Would Make Us Yell “To The Moon!” (Go Long) 🚀

• Continued revenue growth exceeding expectations in subsequent quarters.
• Successful upselling and cross-selling of new products and services to existing customers.
• Further narrowing of net losses, potentially leading to profitability.

When We’d Hit The Eject Button (Go Short) 📉

• A slowdown in revenue growth or a decline in remaining performance obligations.
• Increased competition impacting market share and pricing power.
• Failure to control expenses, leading to widening losses.

The Mic Drop: So, What’s the Deal with PagerDuty, Inc.’s Latest Paper Trail?

In short, PagerDuty’s 10-Q reveals a company firing on most cylinders in Q1 FY26. The numbers are up, the losses are down, and management seems confident. But remember, this is just one chapter in a much longer story. As always, do your own research (DYOR) before making any investment decisions. The SEC filings are a great starting point, but they’re not the whole enchilada.

Key Questions Answered by This 10-Q From PagerDuty, Inc. (PD)

• How did PagerDuty, Inc. perform financially in Q1 FY26?

  PagerDuty reported strong Q1 FY26 results, with revenue increasing 7.8% YoY to $119.8 million and a reduced net loss of $(7.4) million compared to $(17.3) million in Q1 FY24.

• What are PagerDuty’s remaining performance obligations, and what do they indicate?

  PagerDuty has $430 million in remaining performance obligations, with $302 million expected to be recognized in the next 12 months, suggesting a healthy pipeline for future revenue.

• What did PagerDuty’s share repurchase programs entail?

  PagerDuty repurchased $100 million of its common stock under the 2024 program and authorized a new $150 million repurchase program in March 2025.

• Did the CEO and CFO certify the accuracy of the 10-Q filing?

  Yes, both the CEO and CFO certified the 10-Q, reinforcing confidence in the reported financial results and internal controls.

• What is PagerDuty’s gross margin, and how has it changed?

  PagerDuty’s gross margin for Q1 FY26 was 84.0%, up from 82.6% in Q1 FY24.

• What were PagerDuty’s cash and cash equivalents as of April 30, 2025?

  PagerDuty reported $371.8 million in cash and cash equivalents as of April 30, 2025.

P.S. The SEC saga never ends! As PagerDuty, Inc. files more, this analysis will evolve. Current as of May 30, 2025.