What is PagerDuty's net debt?

PagerDuty (PD) reported net debt of -$40.81M in Q1 2026.

How has PagerDuty's net debt changed year-over-year?

PagerDuty's net debt decreased by 296.7% year-over-year, from $20.74M to -$40.81M.

What is the long-term trend for PagerDuty's net debt?

Over 5 years (2021 to 2026), PagerDuty's net debt has grown at a -24.4% compound annual growth rate (CAGR), from $135M to -$33.41M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

PagerDuty PD Net debt

Discontinued — last reported Q1 '27

Net debt at other companies

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1.1×-0.3×

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6×+1.6×

UnifirstUNF

-0.2×-0.1×

HES

Hess MidstreamHESM

3.1×-0.1×

Helen Of TroyHELE

4.8×+2.6×

CorMedixCRMD

-0.9×—

Other financials

Income statement

See full

Revenue$121.0M+1.0%

Gross profit$101.9M+1.3%

Operating income$9.2M+189%

Net income$5.3M+174%

EPS (diluted)$0.13+286%

Balance sheet

See full

Cash & equivalents$57.2M+16.8%

Total debt$16.4M-76.5%

Total equity$216.5M+48.7%

Total assets$936.6M+1.1%

Cash flow

See full

Operating cash flow$44.3M+44.4%

CapEx$965.0K+119%

Free cash flow$43.3M+43.3%

Valuation

See full

Market cap$660.17M-48.5%

Enterprise value$619.36M-52.5%

P/E3.6×—

P/S1.3×-1.4×

Profitability

See full

Gross margin85%+1.7pp

Operating margin5.1%+3.1pp

Net margin37.6%+32.6pp

FCF margin25.3%+0.7pp

Returns & leverage

See full

Return on equity102.6%+88.0pp

Debt / equity0.1×-0.4×

Current ratio1.9×-0.1×

Where this comes from

Calculated from PagerDuty’s reported figures.

$16.4Mtotal debt−$57.2Mcash and equivalents=-$40.81M

The official record: PagerDuty’s 10-Q, filed May 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is PagerDuty's net debt?: PagerDuty (PD) reported net debt of -$40.81M in Q1 2026.
How has PagerDuty's net debt changed year-over-year?: PagerDuty's net debt decreased by 296.7% year-over-year, from $20.74M to -$40.81M.
What is the long-term trend for PagerDuty's net debt?: Over 5 years (2021 to 2026), PagerDuty's net debt has grown at a -24.4% compound annual growth rate (CAGR), from $135M to -$33.41M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.