
PagerDuty Announces First Quarter Fiscal 2026 Financial Results
SAN FRANCISCO--(BUSINESS WIRE)--PagerDuty, Inc. (NYSE:PD), a leader in digital operations management, today announced financial results for the first quarter of fiscal 2026, ended April 30, 2025.
'While purposefully driving our enterprise transformation, PagerDuty delivered revenue at the top of our guidance range and a non-GAAP operating margin exceeding our guidance by 500 basis points,' said Jennifer Tejada, Chairperson and CEO, PagerDuty. "We are focused on driving value by scaling our enterprise sales and services, while advancing the Operations Cloud with powerful AI agents. As we continue to innovate, we're confident in our ability to expand our total addressable market and capture the significant enterprise opportunity ahead."
First Quarter Fiscal 2026 Financial Highlights
Revenue was $119.8 million, an increase of 7.8% year over year.
Loss from operations was $10.3 million; operating margin was negative 8.6%.
Non-GAAP operating income was $24.4 million; non-GAAP operating margin was 20.3%.
Net loss per share attributable to PagerDuty, Inc. common stockholders was $0.07.
Non-GAAP net income per diluted share attributable to PagerDuty, Inc. common stockholders was $0.24.
Net cash provided by operating activities was $30.7 million; free cash flow was $29.0 million.
Cash, cash equivalents, and investments were $597.1 million as of April 30, 2025.
The section titled 'Non-GAAP Financial Measures' below contains a description of the non-GAAP financial measures and reconciliations between GAAP and non-GAAP financial information.
First Quarter and Recent Highlights
ARR as of April 30, 2025 grew 7% year over year to $496 million.
Customers with ARR over $100 thousand grew 5% to 848 as of April 30, 2025, compared to 811 as of April 30, 2024.
Dollar-based net retention rate was 104% as of April 30, 2025, compared to 106% as of April 30, 2024.
Total paid customers were 15,247 as of April 30, 2025, compared to 15,120 as of April 30, 2024.
Free and paid customers totaled more than 32,000 as of April 30, 2025, representing approximately 9% growth since April 30, 2024.
Remaining performance obligations were $430 million as of April 30, 2025. Of this amount, the Company expects to recognize revenue of approximately $302 million, or 70%, over the next 12 months with the balance to be recognized as revenue thereafter.
Achieved FedRAMP Low Authorization, demonstrating PagerDuty's adherence to stringent federal security requirements.
Announced PagerDuty's latest release of the Operations Cloud Platform, including its upcoming agentic artificial intelligence ("AI") functionality across the platform.
Announced Strategic Collaboration Agreement with Amazon Web Services to help organizations become more automated and operationally resilient.
Released an international survey revealing how organizations are moving beyond generative AI to implement agentic AI for greater automation, operational efficiency, and business impact.
Won numerous awards including being named as one of the 20 Hottest AI Cloud Companies by CRN and its list of 2025 CRN AI 100, winner for Best DevOps Cloud Services and Best AIOps/MLOps Tool by the Computing DevOps Excellence Awards 2025, and 2025 BuiltIn Most Disruptive Leaders in the Artificial Intelligence Industry.
Recognized as 2025 Inspiring Workplaces Finalist in Asia, Australia/New Zealand, Europe, Latin America, North America, and UK/Ireland.
Appointed Donald Carty as a new member to the Board of Directors.
Engaged with thousands of customers during PagerDuty on Tour in four global cities, including London, Sydney, Tokyo, and San Francisco.
Lands and expands include: Anduril, Inc., Anthropic PBC, DoorDash, Inc., Fujitsu Limited, Scale AI, Inc. and Worldline SA.
Financial Outlook
For the second quarter of fiscal 2026, PagerDuty currently expects:
Total revenue of $122.5 million - $124.5 million, representing a growth rate of 6% - 7% year over year.
Non-GAAP net income per diluted share attributable to PagerDuty, Inc. common stockholders of $0.19 - $0.20 assuming approximately 94 million diluted shares and a non-GAAP tax rate of 22%.
For the full fiscal year 2026, PagerDuty currently expects:
Total revenue of $493.0 million - $499.0 million (compared to the previous guidance of $500.0 million - $507.0 million), representing a growth rate of 5% - 7% year over year.
Non-GAAP net income per diluted share attributable to PagerDuty, Inc. common stockholders of $0.95 - $1.00 (up from $0.90 - $0.95) assuming approximately 93 million diluted shares and a non-GAAP tax rate of 22%.
These statements are forward-looking and actual results may differ materially. Please refer to the section titled "Forward-Looking Statements" below for information on the factors that could cause our actual results to differ materially from these forward-looking statements.
PagerDuty has not reconciled its expectations as to non-GAAP net income per share attributable to PagerDuty, Inc. common stockholders to GAAP net loss per share attributable to PagerDuty, Inc. common stockholders because certain reconciling items such as stock-based compensation expense, employer taxes related to employee stock transactions, amortization of debt issuance costs, amortization of acquired intangible assets, acquisition-related expenses, restructuring costs, gains or losses on extinguishment of convertible senior notes, shareholder matters, adjustment attributable to redeemable non-controlling interest, and income tax effects and adjustments are out of PagerDuty's control or cannot be reasonably predicted. Accordingly, such reconciliation is not available without unreasonable effort. However, it is important to note that these reconciling items could have a significant effect on PagerDuty's future GAAP results.
Conference Call Information
PagerDuty will host a conference call and live webcast (Zoom meeting ID 991 4397 7754) for analysts and investors at 2:00 p.m. Pacific Time on May 29, 2025. For audio only, the dial-in number 1-312-626-6799 may be used. This news release with the financial results will be accessible from PagerDuty's website at investor.pagerduty.com prior to the conference call. A live webcast of the conference call will be accessible from the PagerDuty investor relations website at investor.pagerduty.com.
Supplemental Financial and Other Information
Supplemental financial and other information can be accessed through PagerDuty's investor relations website at investor.pagerduty.com. PagerDuty uses the investor relations section on its website as the means of complying with its disclosure obligations under Regulation FD. Accordingly, we recommend that investors monitor PagerDuty's investor relations website in addition to following PagerDuty's press releases, SEC filings, social media, including PagerDuty's LinkedIn account (https://www.linkedin.com/company/482819), X (formerly Twitter) account @pagerduty, the X account @jenntejada and Facebook page (facebook.com/pagerduty), and public conference calls and webcasts.
Forward-Looking Statements
This press release and the related webcast contains 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding our future financial and operational performance and outlook, and strategies, objectives, opportunity, expectations and market positioning. Words such as 'expect,' 'extend,' 'anticipate,' 'should,' 'believe,' 'hope,' 'target,' 'project,' 'accelerate,' 'goals,' 'estimate,' 'potential,' 'predict,' 'may,' 'will,' 'might,' 'could,' 'intend,' 'shall,' and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control. Our actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks and other factors detailed in our Annual Report on Form 10-K filed with the Securities and Exchange Commission (SEC) on March 17, 2025. Additional information will be made available in our Quarterly Report on Form 10-Q for the quarter ended April 30, 2025 and other filings and reports that we may file from time to time with the SEC. In particular, the following risks and uncertainties, among others, could cause results to differ materially from those expressed or implied by such forward-looking statements: our ability to achieve and maintain future profitability; our ability to sustain and manage our growth; our ability to attract new customers and retain and sell additional functionality and services to our existing customers; our dependence on revenue from a single product; our ability to compete effectively in an increasingly competitive market; the impact of seasonality on our business; our ability to adapt and respond effectively to rapidly developing technology; our ability to effectively develop and expand our marketing and sales capacities; our ability to enhance and improve our platform or develop new functionality or use cases; the effect of unfavorable conditions in our industry or the global economy, or reductions in information spending, on our business and results of operations; adverse consequences that could arise as a result of international trade policies, including tariffs, sanctions and trade barriers; the accuracy of our estimates of market opportunity and forecasts of market growth; our assumptions and limitations to which ARR and certain other operational data are subject that may cause such metrics to not provide an accurate indication of actual performance or future results; adverse consequences that could result from any compromise of our information technology systems or those of third parties with whom we work or our data; adverse consequences that could result from any interruptions or delays in performance of our service; and our ability to maintain the compatibility of our platform with third party applications that our customers use in their businesses.
Past performance is not necessarily indicative of future results. The forward-looking statements included in this press release and the related webcast represent our views as of the date of this press release and the related webcast . We anticipate that subsequent events and developments will cause our views to change. We undertake no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release and the related webcast.
About PagerDuty, Inc.
PagerDuty, Inc. (NYSE:PD) is a global leader in digital operations management. The PagerDuty Operations Cloud is an AI-powered platform that empowers business resilience and drives operational efficiency for enterprises. With a generative AI assistant at its core, PagerDuty empowers teams to detect and resolve issues in real time, orchestrate complex workflows, and drive continuous improvement across their digital operations. Trusted by nearly half of both the Fortune 500 and the Forbes AI 50, as well as approximately two-thirds of the Fortune 100, PagerDuty is essential for delivering always-on digital experiences to modern businesses. Learn more and try it for free at www.pagerduty.com.
The PagerDuty Operations Cloud
The PagerDuty Operations Cloud is an AI-powered platform that automates and orchestrates the entire incident management lifecycle—from detection to resolution, providing resilience at scale. Designed for mission-critical operations, the platform empowers teams to identify and diagnose disruptions in real time, mobilize the right teams to quickly streamline workflows to solve digital issues before they become incidents. The PagerDuty Operations Cloud is essential for delivering flawless, always-on digital experiences that organizations and consumers expect today.
(1) Includes stock-based compensation expense as follows:
Three months ended April 30,
2025
2024
Cost of revenue
$
1,097
$
1,756
Research and development
9,840
11,222
Sales and marketing
6,219
7,947
General and administrative
8,597
12,015
Total
$
25,753
$
32,940
Expand
PAGERDUTY, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
(unaudited)
January 31, 2025
Assets
Current assets:
Cash and cash equivalents
$
371,828
$
346,460
Investments
225,286
224,366
Accounts receivable, net of allowance for credit losses of $1,106 and $1,103 as of April 30, 2025 and January 31, 2025, respectively
79,655
107,350
Deferred contract costs, current
19,321
19,787
Prepaid expenses and other current assets
17,201
13,757
Total current assets
713,291
711,720
Property and equipment, net
21,931
21,335
Deferred contract costs, non-current
24,846
25,279
Lease right-of-use assets
6,427
6,806
Goodwill
137,401
137,401
Intangible assets, net
18,959
20,865
Other assets
3,943
3,860
Total assets
$
926,798
$
927,266
Liabilities, redeemable non-controlling interest, and stockholders' equity
Current liabilities:
Accounts payable
$
7,771
$
7,329
Accrued expenses and other current liabilities
18,505
20,322
Accrued compensation
29,276
37,505
Deferred revenue, current
237,076
243,269
Lease liabilities, current
3,584
3,307
Convertible senior notes, net, current
57,500
57,426
Total current liabilities
353,712
369,158
Convertible senior notes, net, non-current
393,866
393,282
Deferred revenue, non-current
2,636
2,483
Lease liabilities, non-current
8,675
9,637
Other liabilities
4,917
4,661
Total liabilities
763,806
779,221
Redeemable non-controlling interest
17,335
18,217
Stockholders' equity
Common stock
—
—
Additional paid-in capital
748,331
725,483
Accumulated other comprehensive loss
(342
)
(485
)
Accumulated deficit
(602,332
)
(595,170
)
Total stockholders' equity
145,657
129,828
Total liabilities, redeemable non-controlling interest, and stockholders' equity
$
926,798
$
927,266
Expand
PAGERDUTY, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
(unaudited)
Three months ended April 30,
2025
2024
Cash flows from operating activities:
Net loss attributable to PagerDuty, Inc. common stockholders
$
(6,497
)
$
(24,056
)
Net loss and adjustment attributable to redeemable non-controlling interest
(882
)
6,711
Net loss
(7,379
)
(17,345
)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization
3,962
5,292
Amortization of deferred contract costs
5,514
5,279
Amortization of debt issuance costs
677
608
Stock-based compensation
25,753
32,940
Non-cash lease expense
379
846
Other
(811
)
(1,302
)
Changes in operating assets and liabilities:
Accounts receivable
27,610
22,716
Deferred contract costs
(4,579
)
(4,805
)
Prepaid expenses and other assets
(3,316
)
(4,813
)
Accounts payable
103
268
Accrued expenses and other liabilities
(1,811
)
(3,435
)
Accrued compensation
(8,336
)
(1,667
)
Deferred revenue
(6,411
)
(4,423
)
Lease liabilities
(685
)
(1,512
)
Net cash provided by operating activities
30,670
28,647
Cash flows from investing activities:
Purchases of property and equipment
(441
)
(457
)
Capitalized software costs
(1,243
)
(1,092
)
Purchases of available-for-sale investments
(44,148
)
(50,065
)
Proceeds from maturities of available-for-sale investments
44,400
46,556
Proceeds from sales of available-for-sale investments
—
2,237
Purchases of non-marketable equity investments
(250
)
—
Net cash used in investing activities
(1,682
)
(2,821
)
Cash flows from financing activities:
Proceeds from issuance of common stock upon exercise of stock options
3,602
291
Employee payroll taxes paid related to net share settlement of restricted stock units
(7,557
)
(6,552
)
Net cash used in financing activities
(3,955
)
(6,261
)
Effects of foreign currency exchange rates on cash, cash equivalents, and restricted cash
335
(115
)
Net change in cash, cash equivalents, and restricted cash
25,368
19,450
Cash, cash equivalents, and restricted cash at beginning of period
348,328
366,667
Cash, cash equivalents, and restricted cash at end of period
$
373,696
$
386,117
Expand
Non-GAAP Financial Measures
This press release and the accompanying tables contain the following non-GAAP financial measures: non-GAAP gross profit, non-GAAP gross margin, non-GAAP research and development, non-GAAP sales and marketing, non-GAAP general and administrative, non-GAAP operating income, non-GAAP operating margin, non-GAAP net income attributable to PagerDuty, Inc. common stockholders, non-GAAP net income per share attributable to PagerDuty, Inc. common stockholders, free cash flow, and free cash flow margin.
PagerDuty believes that non-GAAP financial measures, when taken collectively, may be helpful to investors because they provide consistency and comparability with past financial performance and can assist in comparisons with other companies, some of which use similar non-GAAP financial measures to supplement their GAAP results. The non-GAAP financial information is presented for supplemental informational purposes only, should not be considered a substitute for financial information presented in accordance with GAAP, and may be different from similarly-titled non-GAAP measures used by other companies.
The principal limitation of these non-GAAP financial measures is that they exclude significant expenses and income that are required by GAAP to be recorded in PagerDuty's financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgment by PagerDuty's management about which expenses and income are excluded or included in determining these non-GAAP financial measures. A reconciliation is provided below for each historical non-GAAP financial measure to the most directly comparable financial measure presented in accordance with GAAP.
Specifically, PagerDuty excludes the following from its historical and prospective non-GAAP financial measures, as applicable:
Stock-based compensation: PagerDuty utilizes stock-based compensation to attract and retain employees. It is principally aimed at aligning their interests with those of its stockholders and at long-term retention, rather than to address operational performance for any particular period. As a result, stock-based compensation expenses vary for reasons that are generally unrelated to financial and operational performance in any particular period.
Employer taxes related to employee stock transactions: PagerDuty views the amount of employer taxes related to its employee stock transactions as an expense that is dependent on its stock price, employee exercise and other award disposition activity, and other factors that are beyond PagerDuty's control. As a result, employer taxes related to employee stock transactions vary for reasons that are generally unrelated to financial and operational performance in any particular period.
Amortization of acquired intangible assets: PagerDuty views amortization of acquired intangible assets as items arising from pre-acquisition activities determined at the time of an acquisition. While these intangible assets are evaluated for impairment regularly, amortization of the cost of purchased intangibles is an expense that is not typically affected by operations during any particular period.
Acquisition-related expenses: PagerDuty views acquisition-related expenses, such as transaction costs, acquisition-related retention payments, and acquisition-related asset impairment, as events that are not necessarily reflective of operational performance during a period. In particular, PagerDuty believes the consideration of measures that exclude such expenses can assist in the comparison of operational performance in different periods which may or may not include such expenses.
Amortization of debt issuance costs: The imputed interest rates of the Company's convertible senior notes (the "2025 Notes" and the "2028 Notes" or, collectively, the "Notes") was approximately 1.91% for the 2025 Notes and 2.13% for the 2028 Notes. This is a result of the debt issuance costs, which reduce the carrying value of the convertible debt instruments. The debt issuance costs are amortized as interest expense. The expense for the amortization of the debt issuance costs is a non-cash item, and we believe the exclusion of this interest expense will provide for a more useful comparison of our operational performance in different periods.
Restructuring costs: PagerDuty views restructuring costs, such as employee severance-related costs and real estate impairment costs, as events that are not necessarily reflective of operational performance during a period. In particular, PagerDuty believes the consideration of measures that exclude such expenses can assist in the comparison of operational performance in different periods which may or may not include such expenses.
Shareholder matters: PagerDuty views certain charges, including third-party legal, consulting, and advisory fees, related to shareholder activity that are outside of the ordinary course of our business and expenses related to a cooperation agreement as events that are not necessarily reflective of operational performance during a period. PagerDuty believes that such charges do not have a direct correlation to the operations of the Company's business and may vary in size depending on the timing, results, and resolution of such shareholder matters. The consideration of measures that exclude such expenses can assist in the comparison of operational performance in periods which may or may not include such expenses.
Adjustment attributable to redeemable non-controlling interest: PagerDuty adjusts the value of redeemable non-controlling interest of its joint venture PagerDuty K.K. according to the operating agreement. PagerDuty believes this adjustment is not reflective of operational performance during a period and exclusion of such adjustments can assist in comparison of operational performance in different periods.
Income tax effects and adjustments: Based on PagerDuty's financial outlook for fiscal 2026, PagerDuty is utilizing a projected non-GAAP tax rate of 22%. PagerDuty uses a projected non-GAAP tax rate in order to provide better consistency across the interim reporting periods by eliminating the impact of non-recurring and period specific items, which can vary in size and frequency. PagerDuty's estimated tax rate on non-GAAP income is determined annually and may be adjusted during the year to take into account events or trends that PagerDuty believes materially impact the estimated annual rate including, but not limited to, significant changes resulting from tax legislation, material changes in the geographic mix of revenue and expenses and other significant events.
Non-GAAP gross profit and non-GAAP gross margin
We define non-GAAP gross profit as gross profit excluding the following expenses typically included in cost of revenue: stock-based compensation expense, employer taxes related to employee stock transactions, and amortization of acquired intangible assets. We define non-GAAP gross margin as non-GAAP gross profit as a percentage of revenue.
Non-GAAP operating expenses
We define non-GAAP operating expenses as operating expenses excluding stock-based compensation expense, employer taxes related to employee stock transactions, amortization of acquired intangible assets, acquisition-related expenses, which include transaction costs, acquisition-related retention payments, and asset impairment, restructuring costs, and shareholder matters which are not necessarily reflective of operational performance during a given period.
Non-GAAP operating income and non-GAAP operating margin
We define non-GAAP operating income as loss from operations excluding stock-based compensation expense, employer taxes related to employee stock transactions, amortization of acquired intangible assets, acquisition-related expenses, which include transaction costs, acquisition-related retention payments, and asset impairment, restructuring costs, and shareholder matters which are not necessarily reflective of operational performance during a given period. We define non-GAAP operating margin as non-GAAP operating income as a percentage of revenue.
Non-GAAP net income attributable to PagerDuty, Inc. common stockholders
We define non-GAAP net income attributable to PagerDuty, Inc. common stockholders as net loss attributable to PagerDuty, Inc. common stockholders excluding stock-based compensation expense, employer taxes related to employee stock transactions, amortization of debt issuance costs, amortization of acquired intangible assets, acquisition-related expenses, which include transaction costs, acquisition-related retention payments and asset impairment, restructuring costs, shareholder matters, adjustment attributable to redeemable non-controlling interest, and income tax adjustments, which are not necessarily reflective of operational performance during a given period.
Non-GAAP net income per share, basic and diluted
We define non-GAAP net income per share, basic as non-GAAP net income attributable to PagerDuty, Inc. common stockholders divided by weighted average shares outstanding at the end of the reporting period. We define non-GAAP net income per share, diluted as non-GAAP net income attributable to PagerDuty, Inc. common stockholders divided by weighted average diluted shares outstanding at the end of the reporting period.
Free cash flow and free cash flow margin
We define free cash flow as net cash provided by operating activities, less cash used for purchases of property and equipment and capitalization of internal-use software costs. We define free cash flow margin as free cash flow as a percentage of revenue. In addition to the reasons stated above, we believe that free cash flow is useful to investors as a liquidity measure because it measures our ability to generate or use cash in excess of our capital investments in property and equipment in order to enhance the strength of our balance sheet and further invest in our business and potential strategic initiatives. A limitation of the utility of free cash flow as a measure of our liquidity is that it does not represent the total increase or decrease in our cash balance for the period. We use free cash flow in conjunction with traditional U.S. GAAP measures as part of our overall assessment of our liquidity, including the preparation of our annual operating budget and quarterly forecasts and to evaluate the effectiveness of our business strategies. There are a number of limitations related to the use of free cash flow as compared to net cash provided by operating activities, including that free cash flow includes capital expenditures, the benefits of which are realized in periods subsequent to those when expenditures are made.
PagerDuty encourages investors to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures, which it includes in press releases announcing quarterly financial results, including this press release, and not to rely on any single financial measure to evaluate PagerDuty's business.
Please see the reconciliation tables at the end of this release for the reconciliation of non-GAAP financial measures to their most-comparable GAAP financial measures.
PAGERDUTY, INC.
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (continued)
(in thousands, except percentages and per share data)
(unaudited)
Three months ended April 30,
2025
2024
Non-GAAP operating income and non-GAAP operating margin
Loss from operations
$
(10,327
)
$
(21,733
)
Add:
Stock-based compensation
25,753
32,940
Employer taxes related to employee stock transactions
718
703
Amortization of acquired intangible assets
1,906
3,148
Acquisition-related expenses
228
263
Restructuring costs
3,811
8
Shareholder matters
2,270
—
Non-GAAP operating income
$
24,359
$
15,329
Revenue
$
119,805
$
111,172
Operating margin
(8.6
)%
(19.5
)%
Non-GAAP operating margin
20.3
%
13.8
%
Non-GAAP net income attributable to PagerDuty, Inc. common stockholders
Net loss attributable to PagerDuty, Inc. common stockholders
$
(6,497
)
$
(24,056
)
Add:
Stock-based compensation
25,753
32,940
Employer taxes related to employee stock transactions
718
703
Amortization of debt issuance costs
677
608
Amortization of acquired intangible assets
1,906
3,148
Acquisition-related expenses
228
263
Restructuring costs
3,811
8
Shareholder matters
2,270
—
Adjustment attributable to redeemable non-controlling interest
(665
)
6,917
Income tax effects and adjustments
(5,522
)
(4,526
)
Non-GAAP net income attributable to PagerDuty, Inc. common stockholders
$
22,679
$
16,005
Non-GAAP net income per share, basic
Net loss per share, basic, attributable to PagerDuty, Inc. common stockholders
$
(0.07
)
$
(0.26
)
Non-GAAP adjustments to net loss attributable to PagerDuty, Inc. common stockholders
0.32
0.43
Non-GAAP net income per share, basic, attributable to PagerDuty, Inc. common stockholders
$
0.25
$
0.17
Non-GAAP net income per share, diluted
Net loss per share, diluted, attributable to PagerDuty, Inc. common stockholders
$
(0.07
)
$
(0.26
)
Non-GAAP adjustments to net loss attributable to PagerDuty, Inc. common stockholders
0.31
0.43
Non-GAAP net income per share, diluted, attributable to PagerDuty, Inc. common stockholders
$
0.24
$
0.17
Weighted-average shares used in calculating net loss per share, basic and diluted
91,374
92,876
Basic
91,374
92,876
Diluted
93,656
96,104
Note: Certain figures may not sum due to rounding.
Expand
PAGERDUTY, INC.
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (continued)
(in thousands, except percentages)
(unaudited)
Three months ended April 30,
2025
2024
Free cash flow and free cash flow margin
Net cash provided by operating activities
$
30,670
$
28,647
Purchases of property and equipment
(441
)
(457
)
Capitalization of software costs
(1,243
)
(1,092
)
Free cash flow
$
28,986
$
27,098
Net cash used in investing activities
$
(1,682
)
$
(2,821
)
Net cash used in financing activities
$
(3,955
)
$
(6,261
)
Revenue
$
119,805
$
111,172
Operating cash flow margin
25.6
%
25.8
%
Free cash flow margin
24.2
%
24.4
%
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Metsera, Inc. (NASDAQ:MTSR) is one of the 13 Biotech Stocks with Huge Upside Potential. Metsera, Inc. (NASDAQ:MTSR) reported encouraging Phase 1 results for MET-233i, its once-monthly amylin analog, which showed a mean weight loss of up to 8.4% at Day 36 after subtracting the placebo. A laboratory technician researching a sample of cells in a biotechnology laboratory. The candidate supported monthly dosing with the longest half-life of any known amylin analog, 19 days. MET-233i had no safety indications and was well tolerated. The trial included 80 overweight or obese participants, with individual cases resulting in weight loss of up to 10.2%. MET-233i displayed high tolerability and dose-linear pharmacokinetics when tested in both single and multiple ascending dose formats. The majority of adverse gastrointestinal events occurred in the first week and were mild and dose-dependent. According to preliminary findings, it might make it practical to use its fully-biased GLP-1 RA candidate, MET-097i, in the first monthly GLP-1 + amylin combination therapy. Topline results from combination trials and an ongoing monotherapy study with MET-097i are anticipated in late 2025. Metsera, Inc. (NASDAQ:MTSR)'s HALO™ peptide stabilization platform supports the program. Metsera, Inc. (NASDAQ:MTSR) is a clinical-stage biopharmaceutical business focused on developing new treatments for obesity and metabolic diseases. It is one of the stocks with the biggest upside. While we acknowledge the potential of MTSR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025. Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


Time Business News
26 minutes ago
- Time Business News
Zero-Downtime SAP S/4HANA Cloud Migration for SMBs: A 2025 Step-by-Step Playbook Powered by AI
Small- and mid-sized businesses (SMBs) can no longer treat an ERP migration as a once-a-decade, fire-and-forget IT project. Global supply-chain shocks, rising customer expectations, and a looming SAP ECC 2027 sunset have compressed decision cycles. You need a DIY-style roadmap fast, modular, and powered by artificial intelligence—to modernise without pausing day-to-day operations or draining cash reserves. This article distils the field-tested methods Sapsol Technologies Inc. applies in real client projects. By the end you will know, step-by-step, how to move from a legacy SAP ECC or non-SAP system to SAP S/4HANA Cloud with literally seconds of cutover and where Gen-AI, predictive analytics, and machine learning amplify every phase. A project with no clear value proposition is the fastest route to cost overruns. So grab a whiteboard and write down what the board, investors and frontline users demand: Customer experience: Shoppers expect real-time inventory, personalised pricing, and instant order status. Batch-driven ECC cannot compete. Shoppers expect real-time inventory, personalised pricing, and instant order status. Batch-driven ECC cannot compete. Cash flow: IDC finds that companies embedding AI-driven demand sensing slash safety stock by 35 %. Those dollars show up as free cash. IDC finds that companies embedding AI-driven demand sensing slash safety stock by 35 %. Those dollars show up as free cash. Compliance & ESG: Regulators now inspect digital audit trails and Scope 3 emissions data. S/4HANA's built-in analytics shorten audits, while blockchain extensions like GreenToken capture ESG proof automatically. Tipping-point fact: SAP ends mainstream ECC support in 2027. For many SMBs the real deadline is 2025, because partners, lenders, and even insurance underwriters increasingly tie risk premiums to digital maturity. With purpose documented, every configuration decision can be checked against the 'Why.' Scope creep dies immediately when an idea fails that test. Zero-downtime is not marketing spin; it is an architectural pattern first popularised by hyperscale SaaS vendors and now perfected for S/4HANA Cloud migrations. Blue environment: The fresh S/4HANA Cloud tenant where you configure best-practice processes and load synchronised data. The fresh S/4HANA Cloud tenant where you configure best-practice processes and load synchronised data. Green environment: Your current live system—ECC, a third-party ERP, or a hybrid Frankenstein stack. Your current live system—ECC, a third-party ERP, or a hybrid Frankenstein stack. Load balancer / DNS cutover: A software switch that, once tests pass, points production traffic from Green to Blue in milliseconds. Most planned outages hide in three areas: data migration, interface rewiring, and user adoption. Neutralise all three and 'zero' becomes not only feasible but routine. Skimping on preparation torpedoes SMB projects more than any technology glitch. Confirm you have: Clean master data – duplicates and missing cost centres wreak havoc on universal journals. Process maps – even a simple Lucidchart swim-lane for procure-to-pay uncovers undocumented steps. Interface inventory – list every nightly flat-file, API, or Excel macro touching finance, supply chain, or HR. Testing culture – appoint user-acceptance leaders now; do not rely on 'we'll find volunteers later.' Executive mandate – a C-level sponsor ready to settle tie-breakers stops endless meetings. If any square remains blank, fix it first. Your migration speed is fixed by the slowest unresolved gap. Fire up Sapsol's Express Assessment Toolkit —lightning workshops, process questionnaires, and auto-generated heat-maps highlighting where your workflows diverge from S/4HANA best practices. —lightning workshops, process questionnaires, and auto-generated heat-maps highlighting where your workflows diverge from S/4HANA best practices. Score each process on a traffic-light scale. Red items trigger either redesign or a justified exception. Deliverables: a one-page Migration Roadmap plus an AI Opportunity Matrix showing where Fiori co-pilots, predictive MRP, or machine-learning invoice matching will create immediate wins. Spin up a trial tenant in SAP Cloud ALM. Load a 10 % representative data slice —cover edge cases like multi-currency ledgers or non-calendar fiscal years. —cover edge cases like multi-currency ledgers or non-calendar fiscal years. Plug in quick-hit AI features: predictive reorder points in Integrated Business Planning (IBP), a chatbot for accounts-payable queries. Run a demo for executives; seeing is believing, and budgets unlock faster. Launch Sapsol's Data Profiler to expose nulls, duplicates, and obsolete material masters. to expose nulls, duplicates, and obsolete material masters. Choose ETL vs. ELT wisely. If you can cleanse upstream, ELT straight into S/4 accelerates cutover. wisely. If you can cleanse upstream, ELT straight into S/4 accelerates cutover. Schedule nightly delta loads so business keeps trading while Blue catches up daily. Provision the production-grade Blue landscape, clone integrations with SAP BTP API Management. Freeze configuration, but allow master-data deltas until twelve hours pre-switch. Execute robotic smoke tests across finance close, order-to-cash, procure-to-pay. When the dashboard shows 100 % green, flip the load balancer. Downtime? Seconds—just long enough for DNS caching to refresh. Now the fun begins. Activate revenue-lifting and cost-cutting algorithms: Boards love that you deliver tangible gains inside the first quarter rather than 'sometime next year.' For a $120 million-revenue firm, total programme cost typically lands between 0.9 % and 1.5 % of revenue. Thanks to Sapsol's accelerators you can budget on the low side and still deliver: 35 % inventory reduction via AI demand sensing. via AI demand sensing. 20 % fewer rush orders because real-time MRP spots shortages days earlier. because real-time MRP spots shortages days earlier. 40 % faster period-close courtesy of AI-suggested journal entries. At an 18 % EBITDA margin your break-even point is month 14—a timeline CFOs seldom see with traditional IT projects. Want third-party proof? Review the numbers in Sapsol's manufacturing client success story: Scope bloat – freeze your MVP. Park 'wouldn't it be nice' ideas in a post-go-live backlog. Dirty data – cleanse processes , not just records; otherwise garbage re-enters on day two. Change fatigue – swap eight-hour classroom training for 5-minute embedded Fiori videos and AI co-pilot tips. Shadow IT – publish integration design rules so citizen developers don't build rogue Excel macros that break APIs. Finance & Controlling – close books faster; executives cheer. Procurement – AI invoice match frees working capital instantly. Sales & Distribution – real-time ATP promises reduce churn. Production Planning – predictive quality cuts scrap costs. Staggered go-lives ensure every quarter shows ROI, keeping stakeholders enthusiastic. Traditional MRP reacts to yesterday's averages. Switch on predictive models and you feed weather forecasts, social-media sentiment, and supplier capacity signals into IBP. The system generates safety-stock targets per SKU, per site, per day . Clients routinely free millions in working capital without a single layout change. Employees resist change when new software slows them down. Sapsol embeds natural-language co-pilots so a buyer can ask: 'Show overdue purchase orders above $10 000' and receive an actionable list in seconds. Adoption curves shift from months to days. Accounts-payable teams hate the suspense of blocked invoices. ML models analyse historical tolerances and automatically clear matches that human approvers would sign off anyway. Result: fewer escalations and early-payment discounts claimed on autopilot. Many SMBs assume their web of point-to-point interfaces will sink a cloud migration. Wrong. SAP BTP API Management and event mesh tools wrap ugly flat-file feeds into modern REST or OData endpoints with throttling, monitoring, and token-based security. Over time you retire legacy schedulers and cron jobs, but you start by encapsulating them so cutover remains swift. Cloud scares some auditors, yet S/4HANA Cloud combined with Sapsol's blueprint usually raises your security posture: Micro-segmentation: every workload gets its own security group; lateral movement dies. every workload gets its own security group; lateral movement dies. Real-time anomaly detection: behavioural ML flags suspicious postings within 200 ms. behavioural ML flags suspicious postings within 200 ms. Immutable audit logs: blockchain-backed extensions guarantee line-item integrity. Cyber-insurance premiums have dropped up to 12 % for clients adopting this stack. Digital transformation fails when culture lags technology. Key tactics: Persona-based learning paths – plant operators get scan-gun how-tos; finance teams get Fiori analytics tips. – plant operators get scan-gun how-tos; finance teams get Fiori analytics tips. Gamified dashboards – real-time KPIs create friendly competition for fastest issue resolution. – real-time KPIs create friendly competition for fastest issue resolution. Upskill sprints – lunchtime 'prompt-engineering' sessions turn hesitant staff into AI power users. When people are excited, adoption soars—and ROI with it. Some executives demand a live demo before funding. Sapsol removes guesswork with its Free SAP Proof-of-Concept: Week 1: Load a curated data subset, demonstrate universal journal posting. Load a curated data subset, demonstrate universal journal posting. Week 2: Prototype AI demand sensing and a chatbot in Fiori. Prototype AI demand sensing and a chatbot in Fiori. Week 3: Show delta data sync and night-batch replacement. Show delta data sync and night-batch replacement. Week 4: Present ROI projections using your numbers, not generic benchmarks. Boards rarely argue with their own data. Signature secured. You can limp along on a sunset ERP until 2027 and pray nothing breaks—or you can leap ahead of competitors right now with a zero-downtime, AI-powered SAP S/4HANA Cloud migration. The blueprint in this guide is not theory; it is the condensed wisdom of dozens of successful SMB transformations. Clarify your 'Why.' Follow the Blue-Green roadmap. Activate AI accelerators early. Keep culture on pace with technology. Ready to see what four short weeks can do? Start by booking the free SAP POC and reading the detailed case study. Momentum favours the bold—give your business the modern core it deserves before rivals leave you in batch-processing dust. Begin with the no-risk Free SAP Proof of Concept —and watch your future take shape in just four weeks. Then explore our real-world impact in the SAP S/4HANA case study. Finally, explore the data powerhouse behind modern retail with our deep dive into SAP CAR . In 2025's hyper-competitive landscape, standing still is the only risky move. Let's make sure your next SAP implementation is not just seamless, but future-proof, AI-powered, and ROI-positive from Day One. Contact us at to start your journey. TIME BUSINESS NEWS


Business Wire
31 minutes ago
- Business Wire
TNS Unveils New Malaysian Hub to Power "Complete Commerce" and Strengthen Global Growth Strategy
KUALA LUMPUR, Malaysia--(BUSINESS WIRE)--Transaction Network Services (TNS), a global leader in providing full-stack, modern and secure payment and network solutions, has opened a new office in Kuala Lumpur, Malaysia, signalling its investment in the APAC region and continued commitment to supporting local and global customers. By investing and building its Operations and Shared Services Center in Malaysia, TNS is reinforcing its support structure in APAC for customers in both the country and region. Share The new hub is a strategic milestone in TNS' global growth journey, positioning Malaysia as a central point for delivering expanded services under its Complete Commerce offering, which enables enterprises to accept any transaction at terminals and online, connect POS terminals and retail stores with its managed network service solutions, and orchestrate payment transactions via its cloud-native platform to any payment processor. Located in Kuala Lumpur's City Center (KLCC), TNS was honoured to be joined at its new office by many valued customers and staff, in celebrating the milestone achievement on June 11th. Hosted by John Tait, Global Managing Director, TNS Payments Market, the grand opening was marked by a ribbon cutting ceremony, tour of TNS' product display, new state of the art Network Operations Centre (NOC) and reception. 'We were thrilled to have so many customers join us for the grand opening of our new major hub for the APAC region. Over the past 12 years, TNS has consistently achieved remarkable growth in Malaysia and beyond, a testament to our expanding workforce and our ever-evolving suite of services. As we look ahead, we are excited about our future opportunities and confident that our Malaysian hub will be instrumental in driving our continued success and growth in the region,' said Ganesh Satkunalingam, TNS' Vice President for Southeast Asia, for its Payments Market business. As the digital payments ecosystem rapidly evolves, TNS continues to invest in infrastructure that brings it closer to its customers. The Kuala Lumpur hub will initially house over 50 employees across functions such as Sales, Engineering, Network Operations, Finance, Solutions Consulting, and Project Management—with further growth anticipated. The site includes a 24x7x365 Network Operations Center (NOC), enabling real-time, round-the-clock service delivery to customers globally. TNS has been operating in Malaysia since 2013, initially serving a single global payments customer. Over the past decade, the company has experienced double-digit growth and expanded its services to include various sectors, such as acquirers, financial institutions, Independent ATM Deployers (IADs), retailers, and fuel retailers, both locally and internationally. The move to a larger, centrally located facility in Kuala Lumpur is a clear signal of the company's long-term investment in the region. 'By investing and building its Operations and Shared Services Center in Malaysia, TNS is reinforcing its support structure in APAC for customers in both the country and region. We want our customers to have the confidence that we're closer to them in the market. With a long history in the region, we're delighted that Malaysia will play a central role in our long-term global strategy with a 24x7 Network Operations Center,' said John Tait, Global Managing Director, TNS Payments Market. With the number of personnel at the previous office increasing by twenty times in the last decade, the new office will support continued growth and further expansion. This growth in headcount predominantly includes local hires, the majority of which have joined TNS via recommendations, highlighting the growth culture that the company has created. For more information, visit About TNS TNS is a global leader in providing full-stack, modern and secure payment and network solutions. As a leading provider of Infrastructure-as-a-Service (IaaS) solutions with more than 30 years' experience, TNS has been offering managed service solutions to more than 1,400 organizations in over 50 countries. TNS' comprehensive portfolio spans from cutting-edge unattended and in-store payment terminals, online solutions to secure global network connectivity and seamless payment processing through its cloud native payment orchestration platform. With TNS' portfolio of industry leading services, customers can reduce the complexities of fragmented payments and connectivity with just one trusted managed service partner. For more information, please visit: