What is PagerDuty's non-cash lease expense?

PagerDuty (PD) reported non-cash lease expense of $985K in Q1 2026.

How has PagerDuty's non-cash lease expense changed year-over-year?

PagerDuty's non-cash lease expense increased by 159.9% year-over-year, from $379K to $985K.

What is the long-term trend for PagerDuty's non-cash lease expense?

Over 4 years (2022 to 2026), PagerDuty's non-cash lease expense has grown at a -15.3% compound annual growth rate (CAGR), from $4.46M to $2.3M.

What does non-cash lease expense mean?

Non-cash portion of operating lease cost — the difference between straight-line lease expense and actual cash rent payments.

PagerDuty PD Non-Cash Lease Expense

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Other financials

Income statement

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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

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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

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Operating cash flow$44.3M+44.4%

CapEx$965.0K+119%

Free cash flow$43.3M+43.3%

Valuation

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Market cap$660.17M-48.5%

Enterprise value$619.36M-52.5%

P/E3.6×—

P/S1.3×-1.4×

Profitability

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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

Reported directly by PagerDuty in its filing.

Tagged under the XBRL concept us-gaap:OperatingLeaseRightOfUseAssetAmortizationExpense.

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 non-cash lease expense?: PagerDuty (PD) reported non-cash lease expense of $985K in Q1 2026.
How has PagerDuty's non-cash lease expense changed year-over-year?: PagerDuty's non-cash lease expense increased by 159.9% year-over-year, from $379K to $985K.
What is the long-term trend for PagerDuty's non-cash lease expense?: Over 4 years (2022 to 2026), PagerDuty's non-cash lease expense has grown at a -15.3% compound annual growth rate (CAGR), from $4.46M to $2.3M.
What does non-cash lease expense mean?: Non-cash portion of operating lease cost — the difference between straight-line lease expense and actual cash rent payments.