PagerDuty, Inc.
For the period ended Jan 31, 2025. Filed Mar 17, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 17, 2025
PD$15.57-0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year ended January 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash flows from operating activities: | |||
| Net loss attributable to PagerDuty, Inc. common stockholders | $(54,460) | $(81,757) | $(128,423) |
| Net loss and adjustment attributable to non-controlling interest | 10,924 | 4,390 | (802) |
| Net loss | (43,536) | (77,367) | (129,225) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||
| Depreciation and amortization | 20,603 | 20,153 | 17,429 |
| Amortization of deferred contract costs | 22,008 | 20,568 | 19,247 |
| Amortization of debt issuance costs | 2,629 | 2,078 | 1,839 |
| Gain on extinguishment of convertible senior notes | — | (3,699) | — |
| Stock-based compensation | 126,210 | 127,152 | 109,907 |
| Non-cash lease expense | 3,053 | 4,439 | 4,073 |
| Impairment of property and equipment, net and right-of-use assets | — | 8,368 | — |
| Tax benefit related to release of valuation allowance | — | — | (1,330) |
| Other | (4,461) | (3,223) | 1,841 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (8,042) | (10,662) | (16,586) |
| Deferred contract costs | (22,459) | (18,799) | (22,805) |
| Prepaid expenses and other assets | (1,930) | — | (2,843) |
| Accounts payable | 1,140 | (1,453) | (1,473) |
| Accrued expenses and other liabilities | 4,184 | 4,145 | (1,444) |
| Accrued compensation | 6,912 | (11,825) | 6,147 |
| Deferred revenue | 17,695 | 18,073 | 37,971 |
| Lease liabilities | (6,115) | (5,974) | (5,768) |
| Net cash provided by operating activities | 117,891 | 71,974 | 16,980 |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (2,791) | (2,164) | (4,637) |
| Capitalized software costs | (6,686) | (5,384) | (3,836) |
| Cash flows related to business combination | — | (24,071) | (66,262) |
| Cash flows related to asset acquisition | — | — | (1,845) |
| Purchases of available-for-sale investments | (214,714) | (216,970) | (212,210) |
| Proceeds from maturities of available-for-sale investments | 201,986 | 218,264 | 202,625 |
| Proceeds from sales of available-for-sale investments | 2,237 | — | — |
| Purchases of non-marketable equity investments | — | (200) | — |
| Net cash used in investing activities | (19,968) | (30,525) | (86,165) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of convertible senior notes, net of issuance costs | (403) | 390,831 | — |
| Purchases of capped calls related to convertible senior notes | — | (55,102) | — |
| Repurchases of convertible senior notes | — | (223,675) | — |
| Investment from redeemable non-controlling interest holder | — | 1,781 | 1,908 |
| Repurchases of common stock | (100,104) | (50,000) | — |
| Proceeds from employee stock purchase plan | 8,991 | 10,294 | 9,875 |
| Proceeds from issuance of common stock upon exercise of stock options | 4,339 | 9,871 | 10,481 |
| Employee payroll taxes paid related to net share settlement of restricted stock units | (28,961) | (32,400) | (28,677) |
| Net cash (used in) provided by financing activities | (116,138) | 51,600 | (6,413) |
| Effects of foreign currency exchange rates on cash, cash equivalents, and restricted cash | (124) | (401) | (168) |
| Net change in cash, cash equivalents, and restricted cash | (18,339) | 92,648 | (75,766) |
| Cash, cash equivalents, and restricted cash at beginning of year | 366,667 | 274,019 | 349,785 |
| Cash, cash equivalents, and restricted cash at end of year | $348,328 | $366,667 | $274,019 |
CONSOLIDATED STATEMENTS OF CASH FLOWS (continued)
| Year Ended January 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets: | |||
| Cash and cash equivalents | $346,460 | $363,011 | $274,019 |
| Restricted cash in other long-term assets | 1,868 | 3,656 | — |
| Total cash, cash equivalents, and restricted cash | $348,328 | $366,667 | $274,019 |
| Supplemental cash flow data: | |||
| Cash paid for interest | $6,790 | $2,971 | $3,594 |
| Cash paid for taxes | $813 | $908 | $168 |
| Non-cash investing and financing activities: | |||
| Purchase of property and equipment, accrued but not yet paid | $251 | $430 | $159 |
| Issuance costs included in accrued expenses | $— | $413 | $— |
| Stock-based compensation capitalized in internal use software | $2,620 | $1,647 | $1,320 |
| Bonuses capitalized in internal use software | $371 | $255 | $354 |
| Receivables for cash in-transit on stock options | $— | $— | $436 |
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