PagerDuty (PD) Cash Flow: Operating & Free Cash Flow

PagerDuty Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for PagerDuty, Inc. (PD) - Annual data in millions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period ending	Jan 2026	Jan 2025	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018
Operating Activities
Net Income	345.42	-87.07	-81.76	-129.23	-107.46	-68.90	-50.34	-40.74	-38.15
Depreciation & Amortization	13.12	20.60	40.72	17.43	8.36	5.27	2.34	1.69	1.35
Deferred Income Tax	-153.52	-0.09	0.00	-1.33	0.00	0.00	0.00	7.66	0.73
Stock Based Compensation	97.80	126.21	127.15	109.91	70.03	43.23	27.21	19.08	18.15
Change in Working Capital	-41.81	-8.62	-26.50	-6.80	-1.92	4.80	13.18	2.21	2.18
Change in Accounts Receivable	-2.14	-8.04	-10.66	-16.59	-21.59	-17.64	-3.60	-15.46	-10.15
Change in Inventory	0.00	0.00	0.00	0.00	0.00	-6.91	1.56	-0.98	-2.60
Change in Accounts Payable	-0.70	1.14	-1.45	-1.47	2.90	0.32	-1.11	1.36	2.50
Change in Other Working Capital	-26.56	-30.50	-14.38	27.00	16.78	-12.61	16.33	17.30	12.41
Other Operating Activities	-126.97	23.14	12.35	27.00	24.96	6.92	7.45	4.50	3.91
Net Cash from Operating Activities	114.86	117.89	71.97	16.98	-6.02	10.10	-0.17	-5.61	-11.84
Investing Activities
Capital Expenditures	-2.94	-2.79	-7.55	-8.47	-6.81	-4.04	-5.17	-4.12	-0.82
Acquisitions	0.00	0.00	-24.07	-66.26	-0.16	-49.66	-17.95	0.00	0.00
Purchases of Investments	-196.89	-214.71	-217.17	-212.21	-197.09	5.18	-269.85	0.00	0.00
Sales/Maturities of Investments	190.79	204.22	218.26	202.63	221.44	-0.81	42.95	0.00	0.00
Other Investing Activities	-9.23	-6.69	-5.38	-1.85	0.00	0.00	17.95	-0.39	0.00
Net Cash from Investing Activities	-18.28	-19.97	-30.53	-86.17	17.38	-49.32	-232.07	-4.12	-0.82
Financing Activities
Debt Repayment	-57.50	-0.40	167.16	0.00	0.00	242.49	0.00	0.00	-0.18
Common Stock Issued	10.84	13.33	20.17	20.36	22.85	20.08	220.09	94.04	45.61
Common Stock Repurchased	-159.76	-129.07	-50.00	-28.68	0.00	-8.21	-0.02	0.00	0.00
Other Financing Activities	-24.85	-0.40	-65.56	-26.77	-23.59	-45.01	0.50	93.60	45.61
Net Cash from Financing Activities	-206.42	-116.14	51.60	-6.41	-0.74	254.37	225.94	93.60	45.43
Summary
Effect of Forex Changes on Cash	0.00	-0.12	-0.40	-0.17	0.00	0.00	0.00	0.00	0.00
Net Change in Cash	-109.85	-18.34	92.65	-75.77	10.62	215.14	-6.30	83.87	32.77
Cash at Beginning of Period	348.33	366.67	274.02	349.79	339.17	124.02	130.32	46.45	13.68
Cash at End of Period	238.48	348.33	366.67	274.02	349.79	339.17	124.02	130.32	46.45
Free Cash Flow	111.92	115.10	64.43	8.51	-12.83	6.06	-5.35	-9.73	-12.66
Supplemental Disclosures
Interest Paid	-	6.79	2.97	3.59	1.80	1.86	-	-	-
Income Taxes Paid	-	0.81	0.91	0.17	0.32	0.00	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jul 31, 2026. Data sources and methodology

Frequently Asked Questions About PagerDuty Cash Flow

What is PagerDuty's free cash flow?

PagerDuty generated free cash flow of $111.92M in fiscal 2026 (fiscal year ended Jan 31, 2026), operating cash flow of $114.86M minus $2.94M of capital expenditures. That was down 2.8% from $115.10M a year earlier. Free cash flow equaled 22.7% of revenue.

How much does PagerDuty spend on capital expenditures?

PagerDuty spent $2.94M on capital expenditures in fiscal 2026, compared with $2.79M a year earlier. That equals 2.6% of operating cash flow.

Does PagerDuty pay dividends or buy back shares?

Yes. In fiscal 2026 PagerDuty returned $159.76M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition