PagerDuty(US:PD)2025-03-13 20:10Revenue Growth - Fourth quarter revenue increased 9.3% year over year to $121 million[1] - Annual recurring revenue (ARR) grew 9% year over year to $494 million as of January 31, 2025[7] - Total revenue for the full fiscal year 2025 was $467.5 million, an increase of 8.5% year over year[5] - Revenue for the three months ended January 31, 2025, was $121,446 thousand, representing a 9.9% increase from $111,117 thousand in the same period of 2024[19] - Total revenue for the year ended January 31, 2025, was $467,499,000, compared to $430,699,000 in 2024, marking an increase of 8.5%[45] Profitability Metrics - Non-GAAP operating income for the fourth quarter was $22.3 million, with a non-GAAP operating margin of 18.3%[5] - Non-GAAP operating income for the year ended January 31, 2025, was $82.703 million, up from $56.391 million in 2024, reflecting a 46.6% year-over-year growth[50] - Non-GAAP net income attributable to common stockholders for the year ended January 31, 2025, was $80.380 million, an increase from $72.554 million in 2024[50] - Non-GAAP net income per share, basic, for the year ended January 31, 2025, was $0.87, up from $0.79 in 2024[50] - Non-GAAP gross margin for the year ended January 31, 2025, was 86.2%, up from 85.8% in 2024, indicating a slight improvement in profitability[45] Cash Flow and Expenses - Free cash flow for the fourth quarter was $28.6 million, with net cash provided by operating activities of $31.4 million[5] - Free cash flow for the three months ended January 31, 2025, was $28.590 million, compared to $19.612 million in the same period of 2024, indicating a 45.9% increase[50] - Net cash provided by operating activities for the year ended January 31, 2025, was $117,891 thousand, compared to $71,974 thousand in 2024, an increase of 63.8%[23] - Free cash flow margin for the year ended January 31, 2025, was not provided but is calculated as free cash flow as a percentage of revenue, which is a key liquidity measure[41] - The company reported a free cash flow margin of 23.2% for the year ended January 31, 2025, compared to 15.0% in 2024[50] Shareholder Returns - The company announced a new share repurchase program for up to $150 million of common stock[2] Customer Metrics - Customers with ARR over $100 thousand increased by 6% to 849[7] - The dollar-based net retention rate was 106% as of January 31, 2025[7] Operating Expenses - Total operating expenses decreased to $113,191 thousand for the three months ended January 31, 2025, from $124,190 thousand in the same period of 2024, a reduction of 8.1%[19] - Non-GAAP operating expenses for research and development for the year ended January 31, 2025, were $94,164,000, compared to $92,409,000 in 2024, reflecting a 1.9% increase[45] - Non-GAAP sales and marketing expenses for the year ended January 31, 2025, were $167,193,000, compared to $163,095,000 in 2024, showing a 2.5% increase[45] Net Loss and Improvement - Net loss attributable to PagerDuty, Inc. common stockholders for the three months ended January 31, 2025, was $10,604 thousand, compared to a loss of $30,632 thousand in the same period of 2024, showing a significant improvement[19] - The company reported a net loss attributable to common stockholders of $10.604 million for the three months ended January 31, 2025, compared to a loss of $30.632 million in the same period of 2024[50] Future Projections - The company expects total revenue for the first quarter of fiscal 2026 to be between $118 million and $120 million, representing a growth rate of 6% to 8% year over year[12] - Non-GAAP net income per diluted share for the full fiscal year 2026 is expected to be between $0.90 and $0.95[12] - The projected non-GAAP tax rate for fiscal 2026 is set at 22%, down from 23% in fiscal 2025, aimed at providing better consistency across reporting periods[35]