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PagerDuty, Inc.

Company Name PagerDuty, Inc.
Stock Symbol PD

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Background

On November 25, 2025, PagerDuty released third quarter fiscal 2026 financial results, revealing, among other things, “Dollar-based net retention rate was 100% as of October 31, 2025, compared to 107% as of October 31, 2024.” The Company also cut its full year financial outlook to revenue of $490.0 million - $492.0 million (compared to the previous guidance of $493.0 million - $497.0 million), representing a growth rate of 5% year over year.”

During the related earnings call, the Company’s CFO stated “[a]lthough the number of customers churning and downgrading is trending downwards, the dollar value of the contraction, driven by seat-based reductions and customer budget caution has been larger than we forecast.”

On this news, PagerDuty’s stock price fell $3.54, or 23.3%, to close at $11.64 per share on November 26, 2025, thereby injuring investors.

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