PAGERDUTY, INC., 10-K filed on 3/17/2025
Annual Report
v3.25.1
Cover Page - USD ($)
$ in Billions
 12 Months Ended
Jan. 31, 2025
Mar. 12, 2025
Jul. 31, 2024
Cover [Abstract]      
Document Type 10-K    
Document Annual Report true    
Document Period End Date Jan. 31, 2025    
Current Fiscal Year End Date --01-31    
Document Transition Report false    
Entity File Number 001-38856    
Entity Registrant Name PAGERDUTY, INC.    
Entity Incorporation, State or Country Code DE    
Entity Tax Identification Number 27-2793871    
Entity Address, Address Line One 600 Townsend St.    
Entity Address, Address Line Two Suite 200    
Entity Address, City or Town San Francisco    
Entity Address, State or Province CA    
Entity Address, Postal Zip Code 94103    
City Area Code 844    
Local Phone Number 800-3889    
Title of 12(b) Security Common Stock, par value $0.000005 per share    
Trading Symbol PD    
Security Exchange Name NYSE    
Entity Well-known Seasoned Issuer Yes    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Interactive Data Current Yes    
Entity Filer Category Large Accelerated Filer    
Entity Small Business false    
Entity Emerging Growth Company false    
ICFR Auditor Attestation Flag true    
Document Financial Statement Error Correction [Flag] false    
Entity Shell Company false    
Entity Public Float     $ 1.8
Entity Common Stock, Shares Outstanding   91,084,454  
Documents Incorporated by Reference
Information required in response to Part III of this Annual Report on Form 10-K (Items 10, 11, 12, 13, and 14) is hereby incorporated by reference to portions of the Registrant’s Proxy Statement for the Annual Meeting of Stockholders to be held in 2025. The Proxy Statement will be filed by the Registrant with the Securities and Exchange Commission no later than 120 days after the end of the Registrant’s fiscal year ended January 31, 2025.
    
Entity Central Index Key 0001568100    
Document Fiscal Year Focus 2025    
Document Fiscal Period Focus FY    
Amendment Flag false    
v3.25.1
Audit Information
 12 Months Ended
Jan. 31, 2025
Audit Information [Abstract]  
Auditor Firm ID 238
Auditor Name PricewaterhouseCoopers LLP
Auditor Location San Francisco, California
v3.25.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jan. 31, 2025
Jan. 31, 2024
Current assets:    
Cash and cash equivalents $ 346,460 $ 363,011
Investments 224,366 208,178
Accounts receivable, net of allowance for credit losses of $1,103 and $1,382 as of January 31, 2025 and January 31, 2024, respectively 107,350 100,413
Deferred contract costs, current 19,787 19,502
Prepaid expenses and other current assets 13,757 12,094
Total current assets 711,720 703,198
Property and equipment, net 21,335 17,632
Deferred contract costs, non-current 25,279 25,118
Lease right-of-use assets 6,806 3,789
Goodwill 137,401 137,401
Intangible assets, net 20,865 32,616
Other assets 3,860 5,552
Total assets 927,266 925,306
Current liabilities:    
Accounts payable 7,329 6,242
Accrued expenses and other current liabilities 20,322 15,472
Accrued compensation 37,505 30,239
Deferred revenue, current 243,269 223,522
Lease liabilities, current 3,307 6,180
Convertible senior notes, net, current 57,426 0
Total current liabilities 369,158 281,655
Convertible senior notes, net, non-current 393,282 448,030
Deferred revenue, non-current 2,483 4,639
Lease liabilities, non-current 9,637 6,809
Other liabilities 4,661 5,280
Total liabilities 779,221 746,413
Commitments and contingencies (Note 10)
Redeemable non-controlling interest (Note 3) 18,217 7,293
Stockholders' equity    
Common stock 0 0
Additional paid-in-capital 725,483 774,768
Accumulated other comprehensive loss (485) (733)
Accumulated deficit (595,170) (552,435)
Treasury Stock 0 (50,000)
Total stockholders’ equity 129,828 171,600
Total liabilities, redeemable non-controlling interest, and stockholders' equity $ 927,266 $ 925,306
v3.25.1
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Thousands
Jan. 31, 2025
Jan. 31, 2024
Statement of Financial Position [Abstract]    
Allowance for doubtful accounts $ 1,103 $ 1,382
v3.25.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 2023
Income Statement [Abstract]      
Revenue $ 467,499 $ 430,699 $ 370,793
Cost of revenue 79,665 77,832 70,434
Gross profit 387,834 352,867 300,359
Operating expenses:      
Research and development 141,489 139,769 134,876
Sales and marketing 201,821 196,769 195,622
General and administrative 104,296 112,575 99,238
Total operating expenses 447,606 449,113 429,736
Loss from operations (59,772) (96,246) (129,377)
Interest income 27,492 22,101 5,383
Interest expense (9,258) (6,500) (5,433)
Gain on partial extinguishment of convertible senior notes 0 3,699 0
Other expense, net (215) (433) (637)
Loss before (provision for) benefit from income taxes (41,753) (77,379) (130,064)
(Provision for) benefit from income taxes (1,783) 12 839
Net loss (43,536) (77,367) (129,225)
Net loss attributable to redeemable non-controlling interest (801) (2,178) (802)
Net loss attributable to PagerDuty, Inc. (42,735) (75,189) (128,423)
Less: Adjustment attributable to redeemable non-controlling interest 11,725 6,568 0
Net loss attributable to PagerDuty, Inc. common stockholders $ (54,460) $ (81,757) $ (128,423)
Weighted average shares used in calculating net loss per share, basic (in shares) 92,000 92,341 88,721
Weighted average shares used in calculating net loss per share, diluted (in shares) 92,000 92,341 88,721
Net loss per share, basic, attributable to PagerDuty, Inc. common stockholders (in dollars per share) $ (0.59) $ (0.89) $ (1.45)
Net loss per share, diluted, attributable to PagerDuty, Inc. common stockholders (in dollars per share) $ (0.59) $ (0.89) $ (1.45)
v3.25.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 2023
Statement of Comprehensive Income [Abstract]      
Net loss $ (43,536) $ (77,367) $ (129,225)
Unrealized gain (loss) on investments 167 1,341 (772)
Foreign currency translation adjustments 81 (482) (151)
Total comprehensive loss (43,288) (76,508) (130,148)
Net loss attributable to redeemable non-controlling interest (801) (2,178) (802)
Foreign currency translation adjustments attributable to redeemable non-controlling interest 0 14 2
Comprehensive loss attributable to redeemable non-controlling interest (801) (2,164) (800)
Comprehensive loss attributable to PagerDuty, Inc. $ (42,487) $ (74,344) $ (129,348)
v3.25.1
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Loss
Accumulated Deficit
Treasury Stock
Beginning balance (in shares) at Jan. 31, 2022   86,758,380        
Beginning balance at Jan. 31, 2022 $ 266,975 $ 0 $ 616,467 $ (669) $ (348,823)  
Treasury stock, beginning balance (in shares) at Jan. 31, 2022           0
Treasury stock, beginning balance at Jan. 31, 2022           $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common stock upon exercise of stock options (in shares)   2,093,724        
Issuance of common stock upon exercise of stock options 10,917   10,917      
Vesting of restricted stock units, net of shares withheld for employee payroll taxes (in shares)   1,768,163        
Vesting of restricted stock units and performance stock units, net of employee payroll taxes (28,677)   (28,677)      
Shares issued related to asset acquisition (in shares)   62,972        
Fair value of replacement stock options attributable to pre-combination service related to business combination $ 0          
Issuance of common stock in connection with the employee stock purchase plan (in shares) 495,432 495,432        
Issuance of common stock in connection with the employee stock purchase plan $ 9,875   9,875      
Stock-based compensation 111,234   111,234      
Other comprehensive (loss) income (923)     (923)    
Net loss attributable to PagerDuty, Inc. (128,423)       (128,423)  
Ending balance (in shares) at Jan. 31, 2023   91,178,671        
Treasury stock, ending balance (in shares) at Jan. 31, 2023           0
Treasury stock, ending balance at Jan. 31, 2023           $ 0
Ending balance at Jan. 31, 2023 240,978 $ 0 719,816 (1,592) (477,246)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common stock upon exercise of stock options (in shares)   1,160,809        
Issuance of common stock upon exercise of stock options 9,435   9,435      
Vesting of restricted stock units, net of shares withheld for employee payroll taxes (in shares)   2,192,556        
Vesting of restricted stock units and performance stock units, net of employee payroll taxes (32,400)   (32,400)      
Fair value of replacement stock options attributable to pre-combination service related to business combination $ 494   494      
Issuance of common stock in connection with the employee stock purchase plan (in shares) 536,151 536,151        
Issuance of common stock in connection with the employee stock purchase plan $ 10,294   10,294      
Excise tax on repurchases of common stock (55,102)   (55,102)      
Repurchases of common stock (in shares)           (2,331,002)
Repurchases of common stock (50,000)         $ (50,000)
Stock-based compensation 128,799   128,799      
Other comprehensive (loss) income 859     859    
Adjustment to redeemable non-controlling interest (6,568)   (6,568)      
Net loss attributable to PagerDuty, Inc. $ (75,189)       (75,189)  
Ending balance (in shares) at Jan. 31, 2024 92,737,185 95,068,187        
Treasury stock, ending balance (in shares) at Jan. 31, 2024           (2,331,002)
Treasury stock, ending balance at Jan. 31, 2024           $ (50,000)
Ending balance at Jan. 31, 2024 $ 171,600 $ 0 774,768 (733) (552,435)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common stock upon exercise of stock options (in shares)   620,106        
Issuance of common stock upon exercise of stock options 4,339   4,339      
Vesting of restricted stock units, net of shares withheld for employee payroll taxes (in shares)   2,445,924        
Vesting of restricted stock units and performance stock units, net of employee payroll taxes $ (28,961)   (28,961)      
Issuance of common stock in connection with the employee stock purchase plan (in shares) 502,460 502,460        
Issuance of common stock in connection with the employee stock purchase plan $ 8,991   8,991      
Repurchases of common stock (in shares)           (5,223,071)
Repurchases of common stock (100,104)         $ (100,104)
Retirement of treasury stock (in shares)   (7,554,073)       7,554,073
Retirement of treasury stock 0   (150,104)     $ 150,104
Share Repurchase Program, Excise Tax (300)   (300)      
Stock-based compensation 128,475   128,475      
Other comprehensive (loss) income 248     248    
Adjustment to redeemable non-controlling interest (11,725)   (11,725)      
Net loss attributable to PagerDuty, Inc. $ (42,735)       (42,735)  
Ending balance (in shares) at Jan. 31, 2025 91,082,604 91,082,604        
Treasury stock, ending balance (in shares) at Jan. 31, 2025           0
Treasury stock, ending balance at Jan. 31, 2025           $ 0
Ending balance at Jan. 31, 2025 $ 129,828 $ 0 $ 725,483 $ (485) $ (595,170)  
v3.25.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 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 0 (3,699) 0
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 0 8,368 0
Tax benefit related to release of valuation allowance 0 0 (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) 0 (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 0 (24,071) (66,262)
Cash flows related to asset acquisition 0 0 (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 0 0
Purchases of non-marketable equity investments 0 (200) 0
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 0
Purchases of capped calls related to convertible senior notes 0 (55,102) 0
Repurchases of convertible senior notes 0 (223,675) 0
Investment from redeemable non-controlling interest holder 0 1,781 1,908
Repurchases of common stock (100,104) (50,000) 0
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
Cash and cash equivalents 346,460 363,011 274,019
Restricted cash in other long-term assets 1,868 3,656 0
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 0 413 0
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 $ 0 $ 0 $ 436
v3.25.1
Description of Business and Basis of Presentation
 12 Months Ended
Jan. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Description of Business and Basis of Presentation Description of Business and Basis of Presentation
Description of Business

PagerDuty, Inc. was incorporated under the laws of the state of Delaware in May 2010.

PagerDuty, Inc., together with its wholly-owned subsidiaries and subsidiaries in which PagerDuty, Inc. holds a controlling interest (collectively, the “Company”), provides a digital operations management platform that manages urgent and mission-critical work for a modern, digital business (the “PagerDuty Platform”). The PagerDuty Platform collects data and digital signals from virtually any software-enabled system or device and leverages powerful machine learning to correlate, process, and predict opportunities and issues. Using incident response, event management, and automation, the Company brings together the right people with the right information so they can resolve issues and act on opportunities in minutes or seconds from wherever they are.

Basis of Presentation

The accompanying consolidated financial statements have been prepared in accordance with United States (“U.S.”) generally accepted accounting principles (“U.S. GAAP” or “GAAP”), and applicable rules and regulations of the Securities and Exchange Commission (“SEC”). The consolidated financial statements include the results of PagerDuty, Inc., its wholly-owned subsidiaries, and subsidiaries in which the Company holds a controlling interest. All intercompany balances and transactions have been eliminated in consolidation. The Company’s fiscal year ends on January 31. References to fiscal 2025 refer to the fiscal year ended January 31, 2025.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make, on an ongoing basis, estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from these estimates. The Company’s most significant estimates and judgments involve the period of benefit for amortizing deferred contract costs, the determination of the fair value of acquired assets and assumed liabilities, stock-based compensation, redemption value of redeemable non-controlling interests, and estimates related to the Company’s revenue recognition, such as the assessment of performance obligations in the Company’s revenue arrangements and the fair value assigned to each performance obligation, among others. Management bases its estimates on historical experience and on various other assumptions which management believes to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities.
v3.25.1
Summary of Significant Accounting Policies
 12 Months Ended
Jan. 31, 2025
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies Summary of Significant Accounting Policies
Segment Information

The Company manages its operations and allocates resources as one operating and reportable segment at the consolidated level. The Company’s chief operating decision maker (“CODM”) is its chief executive officer. The CODM uses consolidated net loss to measure segment profit or loss, allocate resources, make operating decisions, and assess performance through monitoring and evaluation of forecast versus actual results. Further, the CODM reviews and utilizes functional expenses (cost of revenue, sales and marketing, research and development, and general and administrative) at the consolidated level to manage the Company’s operations. Net loss is the Company’s primary measure of profit or loss. Significant expenses within net loss include cost of revenue, research and development, sales and marketing, and general and administrative, which each are separately presented on the consolidated statements of operations. Stock-based compensation expense is also a significant expense within net loss. Refer to Note 12. Common Stock and Stockholders’ Equity for additional information about the Company’s stock-based compensation expense. Other segment items include interest income, interest expense, gain on partial extinguishment of convertible senior notes, other expense, net, and (provision for) benefit from income taxes on the consolidated statements of operations. Refer to Note 15. Geographic Information for information regarding the Company's long-lived assets and revenue by geography.
Revenue Recognition

The Company generates revenue primarily from cloud-hosted software subscription fees. The Company also generates revenue from term-license software subscription fees and professional services. Revenue recognized from professional services has historically been immaterial. Revenue is recognized when control of the license or service is transferred to its customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services. Revenue is recognized net of taxes invoiced to customers, which are subsequently remitted to governmental authorities.

The Company accounts for revenue contracts with customers by applying the requirements of Accounting Standards Codification (“ASC”) 606, Revenue Recognition (“ASC 606”), which includes the following steps: 

•Identification of the contract, or contracts, with a customer.
•Identification of the performance obligations in the contract.
•Determination of the transaction price.
•Allocation of the transaction price to the performance obligations in the contract.
•Recognition of revenue when, or as, the Company satisfies a performance obligation.

Cloud-hosted software subscriptions: The Company’s cloud-hosted software subscriptions allow customers to use its cloud-hosted software over the contract period without taking possession of the software. The Company’s cloud-hosted software subscription agreements generally have monthly or annual contractual terms. Revenue related to the Company’s cloud-hosted software subscriptions is recognized ratably over the related contractual term beginning on the date that the Company’s platform is made available to a customer. Access to the platform represents a series of distinct services as the Company continually provides access to, and fulfills its obligation to, the end customer over the subscription term. The series of distinct services represents a single performance obligation that is satisfied over time. The Company recognizes revenue ratably because the customer receives and consumes the benefits of the platform throughout the contract period.

Term-license software subscriptions: The Company’s term-license software subscriptions provide both an obligation to provide access to its on-premise software, which includes both open-source and proprietary features, as well as an obligation to provide support and maintenance. The Company’s term-license software subscription agreements generally have annual contractual terms. The Company accounts for the license to the software and support as two separate performance obligations. As the open-source software is publicly available at no cost to the customer, the Company has determined that there is no value to be assigned to the open-source software in the term-license software subscription arrangements. The proprietary software license represents a promise to provide a license to use functional intellectual property that is recognized at a point in time on the date access to the software is made available to the customer and the term-license software subscription period has begun. The Company has concluded the support is a stand-ready performance obligation that consists of a series of distinct services that are satisfied ratably over time as the services are provided. The Company uses a time-based output method to measure progress because efforts are expended evenly throughout the period given that the nature of the promise is a stand-ready service. The Company recognizes support revenue ratably, typically beginning on the start of the contractual term of the arrangement.

Cloud-hosted and term-license software subscriptions: In order to determine the stand-alone selling price for the cloud-hosted and term-license software subscriptions, the Company conducts a periodic analysis that requires judgment and considers multiple factors that are reasonably available, and maximizes the use of observable inputs that may vary over time depending upon the unique facts and circumstances related to each performance obligation. To have observable inputs, the Company requires that a substantial majority of the stand-alone selling prices for a product offering fall within a pricing range. If a directly observable stand-alone selling price does not exist, the Company estimates a stand-alone selling price range by reviewing external and internal market factor categories, which may include pricing practices, historical discounting, industry practices, service groups, and geographic considerations. Management believes that these analyses result in an estimate that approximates the price the Company would charge for the performance obligations if they were sold separately.

The Company’s cloud-hosted and term-license software subscription arrangements are generally non-cancellable and do not contain refund provisions. The Company bills for monthly cloud-hosted and term-license software subscriptions on a monthly basis and annually in advance for arrangements with terms of one year or more.
The price of the cloud-hosted and term-license software subscriptions is generally fixed at contract inception and therefore, the Company’s contracts do not contain a significant amount of variable consideration. As a result, the amount of revenue recognized in the periods presented from performance obligations satisfied (or partially satisfied) in previous periods due to changes in the transaction price was not material. The Company’s revenue excludes sales and other indirect taxes.

Accounts Receivable and Related Allowance for Credit Losses

Accounts receivable are recorded at the invoiced amount, net of allowances for credit losses. The allowance is based upon historical loss patterns, customer credit quality, the age of each past due invoice, and an evaluation of the potential risk of loss associated with delinquent accounts. The allowance also reflects current market conditions and reasonable and supportable forecasts of future economic conditions.

Activity related to the Company’s allowance for credit losses on accounts receivable was as follows (in thousands):

Balance as of January 31, 2023$2,014 
Charged to credit loss expense1,382 
Write-offs, net of recoveries(2,014)
Balance as of January 31, 2024$1,382 
Charged to credit loss expense1,071 
Write-offs, net of recoveries(1,350)
Balance as of January 31, 2025$1,103 

Deferred Revenue

The Company records contract liabilities to deferred revenue when amounts are invoiced in advance of performance. Deferred revenue consists of the unearned portion of customer billings. The Company’s payment terms generally provide for payment within 30 days of the invoice date. Amounts anticipated to be recognized within one year of the balance sheet date are recorded as deferred revenue, current, while the remaining portion is recorded as deferred revenue, non-current in the consolidated balance sheets.

The Company applied the practical expedient in ASC 606 and did not evaluate contracts of one year or less for the existence of a significant financing component. For contracts with terms of more than a year, the Company has determined its contracts generally do not include a significant financing component as the majority relate to contracts that are billed annually in advance. The primary purpose of the Company’s invoicing terms is to provide customers with simplified and predictable ways of purchasing the Company’s cloud-hosted software subscriptions, not to receive financing from its customers or to provide customers with financing.

Deferred Contract Costs

Deferred contract costs consist of sales commissions earned by the Company’s sales force which are considered incremental and recoverable costs of obtaining a contract with a customer. The Company determined that sales commissions that are related to contract renewals are not commensurate with commissions earned on the initial contract. Accordingly, sales commissions for initial contracts are deferred and then amortized on a straight-line basis over a period of benefit that the Company has determined to be four years. The Company determined the period of benefit by taking into consideration its customer contracts, technology, and other factors. Amounts anticipated to be recognized within one year of the balance sheet date are recorded as deferred contract costs, current, while the remaining portion is recorded as deferred contract costs, non-current in the consolidated balance sheets. Deferred contract costs are periodically reviewed for impairment. Amortization of deferred contract costs is included in sales and marketing expense in the consolidated statements of operations.
Activity related to the Company’s deferred contract costs was as follows (in thousands):

Balance as of January 31, 2023$46,389 
Additions to deferred contract costs18,799 
Amortization of deferred contract costs(20,568)
Balance as of January 31, 2024$44,620 
Additions to deferred contract costs22,454 
Amortization of deferred contract costs(22,008)
Balance as of January 31, 2025$45,066 

Amortization expense was $22.0 million, $20.6 million, and $19.2 million for the fiscal years ended January 31, 2025, 2024, and 2023, respectively. There was no impairment loss in relation to the costs capitalized for the periods presented.

Concentrations of Risk and Significant Customers

The Company’s financial instruments that are exposed to concentrations of credit risk consist primarily of cash and cash equivalents, available-for-sale investments, and accounts receivable. All of the Company’s cash equivalents and investments are invested in money market funds, U.S. Treasury securities, commercial paper, corporate debt securities, or U.S. Government agency securities that management believes to be of high credit quality. The Company’s cash, cash equivalents, and available-for-sale investments are spread across several different financial institutions.

No single customer accounted for more than 10% of the total accounts receivable balance as of January 31, 2025 or 2024. No single customer represented 10% or more of revenue for the fiscal years ended January 31, 2025, 2024, or 2023.

Cost of Revenue

Cost of revenue primarily consists of expenses related to providing the Company’s cloud- hosted software subscription to customers, including personnel expenses for operations and global support, payments to the Company’s third-party cloud infrastructure providers for hosting the Company’s software, payment processing fees, amortization of capitalized software costs, amortization of acquired developed technology, and allocated overhead costs for facilities, information technology, and other allocated overhead costs.

Foreign Currency Translation

The functional currency for the large majority of the Company's foreign operations is the U.S. dollar, except for one subsidiary for which the local currency is the functional currency. When a consolidated entity’s functional currency is the local currency, the Company translates the foreign functional currency financial statements to U.S. dollars using the exchange rates at the balance sheet date for assets and liabilities, the period average exchange rates for revenue and expenses, and the historical exchange rates for equity. The effects of foreign currency translation adjustments are recorded in other comprehensive income as a component of stockholders’ equity and the related periodic movements are presented in the consolidated statements of comprehensive loss. Foreign currency transaction gains and losses are included in other income (expense), net, in the consolidated statements of operations in the period for which they relate. Realized foreign currency transaction gains and losses for the fiscal years ended January 31, 2025, 2024, and 2023 were not material.

Cash and Cash Equivalents

Cash and cash equivalents consist of cash on hand, highly liquid investments with original maturities of three months or less from the date of purchase, and money market funds.

Investments

The Company’s investments are classified as available-for-sale and consist of highly liquid investments, primarily commercial paper, corporate debt securities, U.S. Government agency securities, and U.S. Treasury securities. The Company determines the appropriate classification of its investments at the time of purchase and reevaluates such designation at each balance sheet date.
The Company periodically evaluates its short-term investments to assess whether those with unrealized loss positions are impaired. The Company considers various factors in determining whether to recognize an impairment charge, including the extent to which the fair value is less than the Company’s cost basis, the financial condition of the issuer and any changes thereto, and the Company’s intent to sell, or whether it is more likely than not that the Company will be required to sell, the investment before recovery of the investment’s amortized cost. If the Company determines that the investment is impaired, an impairment loss is recognized in earnings equal to the difference between the investment’s amortized cost and fair value at such date. Realized gains and losses are reported in other income, net, in the consolidated statements of operations. No impairment charges have been recognized to date.

Available-for-sale investments

The Company classifies its available-for-sale investments, including those with stated maturities beyond 12 months, as short-term based on their highly liquid nature and because they represent the investment of cash that is available for current operations. In addition, the Company may sell these investments at any time for use in its current operations or for other purposes, even prior to maturity. The Company's available-for-sale investments are recorded at fair market value each reporting period. Unrealized gains and losses on these available-for-sale investments are reported as a separate component of accumulated other comprehensive income in the accompanying consolidated balance sheets until realized.

Restricted Cash

The Company has classified cash that is not available for use in its operations as restricted cash. Restricted cash consists of collateral for letters of credit related to security deposits for the Company’s office facility lease arrangements. As of January 31, 2025 and 2024, the Company had restricted cash of $1.9 million and $3.7 million, respectively, all of which was classified as non-current and included in other assets in the consolidated balance sheets.

Related Party Transactions

Certain members of the Company’s Board of Directors serve as directors of, or are executive officers of, and in some cases are investors in, companies that are customers or vendors of the Company. In the years ended January 31, 2025 and 2024, the Company billed $4.0 million and $3.8 million, respectively, to entities associated with related parties and recognized revenue from related party transactions of $3.6 million and $3.3 million respectively. Accounts receivable associated with related parties as of January 31, 2025 and 2024 were not significant. Billings to, revenue recognized from, and accounts receivable associated with, related party transactions for the year ended January 31, 2023 were not significant.

Property and Equipment, Net

Property and equipment, net, is stated at cost less accumulated depreciation. Depreciation is recorded using the straight-line method over the estimated useful lives of the respective assets, which is generally three to five years. Leasehold improvements are depreciated over the shorter of the estimated useful lives of the assets or the lease term.

The Company periodically reviews the estimated lives of property and equipment. If the estimated useful life assumption is reduced for any asset, the remaining unamortized balance would be amortized or depreciated over the revised estimated useful life.

Research and Development Expense

Research and development expenses consist primarily of personnel costs for the Company’s engineering, product, and design teams. Additionally, research and development expenses include contractor fees, depreciation of equipment used in research and development activities, acquisition-related expenses, and allocated overhead costs. Research and development costs are expensed as incurred.
Capitalized Software Costs

The Company evaluates costs related to the development of its platform and certain projects for internal use incurred during the application development stage. Costs related to preliminary project activities and post-implementation activities are expensed as incurred and costs related to the application development stage are capitalized. Capitalized software is amortized on a straight-line basis over its estimated useful life, which is generally three years. Management evaluates the useful lives of these assets on an annual basis and tests for impairment whenever events or changes in circumstances occur that could impact the recoverability of these assets. The Company capitalized $9.7 million, $7.3 million, and $4.8 million related to software costs during the fiscal years ended January 31, 2025, 2024, and 2023, respectively.
Business Combinations

The Company applies the acquisition method of accounting for business combinations. Under this method of accounting, all assets acquired and liabilities assumed are recorded at their respective fair values at the date of the acquisition. Determining the fair value of assets acquired and liabilities assumed requires management’s judgment and often involves the use of significant estimates and assumptions. These estimates can include, but are not limited to, the cash flows that an asset is expected to generate in the future, the appropriate weighted-average cost of capital, and the cost savings expected to be derived from acquiring an asset.

Goodwill, Acquired Intangible Assets, and Impairment of Long-Lived Assets

Goodwill: Goodwill represents the excess purchase consideration of an acquired business over the fair value of the net tangible and identifiable intangible assets. Goodwill is evaluated for impairment annually in the fourth quarter, and whenever events or changes in circumstances indicate the carrying value of goodwill may not be recoverable. Triggering events that may indicate impairment include, but are not limited to, a significant adverse change in customer demand or business climate or a significant decrease in expected cash flows. No impairment charges were recorded during the fiscal years ended January 31, 2025, 2024, or 2023.

Acquired intangible assets: Acquired intangible assets consist of identifiable intangible assets, primarily developed technology and customer relationships, resulting from the Company’s business acquisitions. Intangible assets are recorded at fair value on the date of acquisition and amortized over their estimated useful lives.

Impairment of long-lived assets: The Company reviews long-lived assets, including property and equipment, net, lease right-of-use assets, capitalized software, and acquired intangible assets for impairment when events or changes in circumstances indicate that the carrying value of these assets may not be recoverable or that the useful lives are shorter than originally estimated. The evaluation is performed at the asset group level, which is the lowest level of identifiable cash flows independent of other assets. Recoverability of these assets is measured by a comparison of the carrying amounts to the future undiscounted cash flows the assets or asset groups are expected to generate. If the carrying value of the assets or asset group is not recoverable, the impairment recognized is measured as the amount by which the carrying value exceeds its fair value. If the Company reduces the estimated useful life assumption for any asset, the remaining unamortized balance would be amortized or depreciated over the revised estimated useful life.

Advertising Costs

Advertising costs are expensed as incurred and are included in sales and marketing expense. Advertising costs were $9.1 million, $9.7 million, and $7.3 million for the years ended January 31, 2025, 2024, and 2023, respectively.

Stock-Based Compensation

The Company recognizes compensation expense for all stock-based payment awards, including stock options, restricted stock units (“RSUs”) and performance and market stock units (“PSUs”), based on the estimated fair value of the award on the grant date.
The Company estimates the fair value of stock options issued to employees on the date of grant using the Black-Scholes option pricing model, which is impacted by the fair value of the Company’s common stock, as well as certain assumptions including the expected volatility over the term of the option awards, the expected term of the awards, risk-free interest rates and the expected dividend yield. Assumptions and estimates used in the determination of the fair value of stock options include expected volatility, expected term, risk-free rate, and expected dividend yield.

The Company estimates the fair value of RSUs at its stock price on the grant date.

The Company estimates the fair value of PSUs with performance conditions using the fair value at the date of grant. The fair value may be adjusted over the vesting period based on interim estimates of performance against the performance condition. The fair value for PSUs with market conditions is measured using a Monte Carlo simulation. Expense is recorded over the vesting period under the graded-vesting attribution method.

The Company estimates the fair value of shares to be issued under its employee stock purchase plan (the “ESPP”) on the first day of the offering period using the Black-Scholes valuation model, which is impacted by the fair value of the Company’s common stock, as well as certain assumptions including the expected volatility over the term of the offering period, the expected term of the awards, risk-free interest rates, and the expected dividend yield. Assumptions used in the determination of the fair value of awards issued under the ESPP are the same as those used in the determination of the fair value of the Company’s stock options.

The Company generally recognizes compensation expense for employee stock-based payment awards on a straight-line basis over the requisite service period (generally the vesting period of the award), with the exception of PSUs which are recognized using the accelerated attribution method. The Company accounts for forfeitures as they occur.

Income Taxes

The Company accounts for income taxes using the asset and liability method. Under this method, the Company recognizes deferred income tax assets and liabilities for the expected future consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, as well as for net operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using the tax rates that are expected to apply to taxable income for the years in which those tax assets and liabilities are expected to be realized or settled. The Company recognizes the deferred income tax effects of a change in tax rates in the period of enactment.

The Company records a valuation allowance to reduce its deferred tax assets to the net amount that it believes is more likely than not to be realized. The Company considers all available evidence, both positive and negative, including historical levels of income, expectations and risks associated with estimates of future taxable income and ongoing tax planning strategies in assessing the need for a valuation allowance. Realization of its deferred tax assets is dependent primarily upon future U.S. taxable income.

The Company recognizes income tax benefits from uncertain tax positions only if it believes that it is more likely than not that the tax position will be sustained upon examination by the taxing authorities based on the technical merits of the position. The tax benefits recognized in the financial statements from such uncertain tax positions are then measured based on the largest benefit that has a greater than 50% likelihood of being realized upon settlement. Although the Company believes that it has adequately reserved for its uncertain tax positions (including net interest and penalties), it can provide no assurance that the final tax outcome of these matters will not be materially different. The Company makes adjustments to these reserves when facts and circumstances change, such as the closing of a tax audit or the refinement of an estimate. To the extent that the final tax outcome of these matters is different from the amounts recorded, such differences will affect the provision for income taxes in the period in which such determination is made and could have a material impact on its financial position, results of operations, and cash flows.
Net Loss Per Share

Basic net loss per share is computed by dividing net loss attributable to PagerDuty, Inc. common stockholders by the weighted-average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing net loss attributable to PagerDuty, Inc. common stockholders by the weighted-average number of shares of common stock outstanding during the period giving effect to all potentially dilutive securities to the extent they are dilutive. Diluted earnings per share attributable to common stockholders adjusts basic earnings per share for the potentially dilutive impact of stock-based awards as computed under the treasury stock method and convertible notes as computed under the if-converted method. Basic and diluted net loss per share of common stock were the same for each period presented as the inclusion of all potential shares of common stock outstanding would have been anti-dilutive.

Recently Adopted Accounting Standards

In November 2023, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. This ASU expands public entities’ segment disclosures by requiring disclosure of significant segment expenses that are regularly provided to the chief operating decision maker and included within each reported measure of segment profit or loss, an amount and description of its composition for other segment items, and interim disclosures of a reportable segment’s profit or loss and assets. All disclosure requirements under ASU 2023-07 are also required for public entities with a single reportable segment. The Company adopted this ASU in the current year, and applied it retrospectively to all periods presented in its consolidated financial statements herein. Refer to the disclosures above in the section titled “Segment Information” for further details.

Recent Accounting Pronouncements Not Yet Adopted

In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. This ASU requires disaggregated information about a reporting entity’s effective tax rate reconciliation as well as information on income taxes paid. This ASU is effective for fiscal years beginning after December 15, 2024. The Company is currently evaluating the impact of the new guidance on its consolidated financial statements.

In November 2024, the FASB issued ASU No. 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. In January 2025, the FASB issued ASU No. 2025-01 to clarify the effective date of ASU 2024-03. ASU 2024-03 requires that at each interim and annual reporting period, an entity discloses the amounts of certain expenses included in each relevant expense caption. The newly required expense disclosures include certain amounts that are already required to be disclosed under current GAAP in the same disclosure as the other disaggregation requirements. The amendment also requires that an entity discloses a qualitative description of the amounts remaining in relevant expense captions that are not separately disaggregated quantitatively and disclose the total amount of selling expenses and, in annual reporting periods, an entity’s definition of selling expenses. This ASU is effective for fiscal years beginning after December 15, 2026. The Company is currently evaluating the impact of the new guidance on its consolidated financial statements.

In November 2024, the FASB issued ASU No. 2024-04, Debt - Debt with Conversion and Other Options (Subtopic 470-20): Induced Conversion of Convertible Debt Instruments. This ASU clarifies the requirements for determining whether certain settlements of convertible debt instruments should be accounted for as an induced conversion. The amendments in this update are effective for all entities for annual reporting periods beginning after December 15, 2025. The Company is currently evaluating the impact of the new guidance on its consolidated financial statements.
v3.25.1
Redeemable Non-Controlling Interest
 12 Months Ended
Jan. 31, 2025
Noncontrolling Interest [Abstract]  
Redeemable Non-Controlling Interest Redeemable Non-Controlling Interest
In May 2022, the Company established a joint venture, PagerDuty K.K. The Company obtained a 51% controlling interest and has consolidated the financial results of the joint venture.
The agreements with the non-controlling interest holders of PagerDuty K.K. contain redemption features whereby the interest held by the non-controlling interest holders is redeemable either: (i) at the option of the non-controlling interest holders; or (ii) at the option of the Company, both beginning on the tenth anniversary of the initial capital contribution. The balance of the redeemable non-controlling interest is reported at the greater of the initial carrying amount adjusted for the redeemable non-controlling interest's share of earnings or losses and other comprehensive income or loss, or its redemption value, which is determined based on a prescribed formula derived from multiple metrics including the annual recurring revenue of PagerDuty K.K. The resulting changes in the estimated redemption amount are recorded with corresponding adjustments against additional paid-in capital due to the absence of retained earnings. The carrying amount of the redeemable non-controlling interest is recorded on the Company's consolidated balance sheets as temporary equity.

The following table summarizes the activity in the redeemable non-controlling interest for the periods indicated (in thousands):

Year ended January 31,
20252024
Balance at beginning of period$7,293 $1,108 
Investment by redeemable non-controlling interest— 1,781 
Net loss attributable to redeemable non-controlling interest(801)(2,178)
Adjustments to redeemable non-controlling interest11,725 6,568 
Foreign currency translation adjustments— 14 
Balance at end of period$18,217 $7,293 
v3.25.1
Balance Sheet Components
 12 Months Ended
Jan. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Balance Sheet Components Balance Sheet Components
Cash, Cash Equivalents, and Investments

Cash, cash equivalents, and investments consisted of the following as of the dates indicated (in thousands):

January 31,
20252024
Cash and cash equivalents:
Cash$47,523 $55,736 
Money market funds298,937 305,283 
Commercial paper— 994 
U.S. Treasury securities— 998 
Total cash and cash equivalents$346,460 $363,011 
Available-for-sale investments:
U.S. Treasury securities$58,665 $50,036 
Commercial paper7,446 2,886 
Corporate debt securities125,811 131,259 
U.S. Government agency securities32,444 23,997 
Total available-for-sale investments$224,366 $208,178 
The following tables summarize the amortized cost, net unrealized gains (losses), and fair value of the Company’s investments by significant investment category as of the dates indicated (in thousands). Gross realized gains or losses from sales of available-for-sale securities were not material for the fiscal years ended January 31, 2025 and 2024.

January 31, 2025
Amortized CostUnrealized Gain (Loss), NetEstimated Fair Value
Available-for-sale investments:
U.S. Treasury securities$58,620 $45 $58,665 
Commercial paper7,446 — 7,446 
Corporate debt securities125,792 19 125,811 
U.S. Government agency securities32,441 3 32,444 
Total available-for-sale investments$224,299 $67 $224,366 
January 31, 2024
Amortized CostUnrealized Gain (Loss), NetEstimated Fair Value
Available-for-sale investments:
U.S. Treasury securities$50,012 $24 $50,036 
Commercial paper2,887 (1)2,886 
Corporate debt securities131,395 (136)131,259 
U.S. Government agency securities23,983 14 23,997 
Total available-for-sale investments$208,277 $(99)$208,178 

The following tables present the Company’s available-for-sale securities by contractual maturity date as of January 31, 2025 and 2024 (in thousands):
January 31, 2025
Amortized CostFair Value
Due within one year$143,797 $143,944 
Due between one to five years80,502 80,422 
Total$224,299 $224,366 
January 31, 2024
Amortized CostFair Value
Due within one year$155,423 $155,158 
Due between one to five years52,854 53,020 
Total$208,277 $208,178 


As of January 31, 2025, there were 49 available-for-sale securities in an unrealized loss position with an aggregate fair value of $77.2 million, 1 of which was in a continuous unrealized loss position for more than 12 months. The total unrealized loss related to the 1 security was immaterial. As of January 31, 2024, there were 70 available-for-sale securities in an unrealized loss position with an aggregate fair value of $108.7 million, 33 of which were in a continuous unrealized loss position for more than 12 months. The total unrealized loss related to the 33 securities was $0.2 million.
When evaluating investments for impairment, the Company reviews factors such as the extent to which fair value has been below cost basis, the financial condition of the issuer and any changes thereto, and the Company’s intent to sell, or whether it is more likely than not that the Company will be required to sell, the investment before recovery of the investment’s amortized cost. No impairment loss has been recorded on the securities included in the tables above, as the Company believes that any decrease in fair value of these securities is temporary and the Company expects to recover at least up to the initial cost of the investment for these securities. The Company has not recorded an allowance for credit losses, as the Company believes any such losses would be immaterial based on the high-grade credit rating for each of its marketable securities as of the end of each period.

Property and Equipment, Net

Property and equipment, net consisted of the following as of the dates indicated (in thousands):

January 31,
20252024
Leasehold improvements$7,629 $11,334 
Computers and equipment7,511 9,135 
Furniture and fixtures3,936 3,989 
Capitalized software27,934 18,257 
Gross property and equipment (1)
47,010 42,715 
Accumulated depreciation and amortization (2)
(25,675)(25,083)
Property and equipment, net$21,335 $17,632 
______________
(1) Gross property and equipment includes construction-in-progress for leasehold improvements and capitalized software of $9.0 million and $4.2 million that had not yet been placed in service as of January 31, 2025 and January 31, 2024, respectively. The costs associated with construction-in-progress are not amortized until the asset is available for its intended use.
(2) In the year ended January 31, 2024, the Company recorded impairment charges to its leasehold improvements of $2.3 million which is described in more detail in Note 16. Restructuring Costs. The impairment charge was recorded in general and administrative expenses on the consolidated statement of operations.

Depreciation and amortization expense was $8.6 million, $8.2 million, and $6.8 million for the fiscal years ended January 31, 2025, 2024, and 2023, respectively.

The carrying value of capitalized software was $17.7 million and $13.1 million as of January 31, 2025 and 2024, respectively.

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following as of the dates indicated (in thousands):

January 31,
20252024
Accrued professional fees$4,398 $4,483 
Accrued events1,908 1,773 
Accrued hosting and infrastructure2,390 1,843 
Accrued taxes3,255 1,007 
Accrued liabilities, other8,371 6,366 
Accrued expenses and other current liabilities$20,322 $15,472 
Accrued Compensation

Accrued compensation consisted of the following as of the dates indicated (in thousands):

As of January 31,
20252024
Accrued bonuses$11,207 $7,568 
Accrued paid time off10,434 9,466 
Accrued commissions5,464 5,086 
Accrued compensation, other10,400 8,119 
Accrued compensation$37,505 $30,239 
v3.25.1
Fair Value Measurements
 12 Months Ended
Jan. 31, 2025
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
The Company measures its financial assets and liabilities at fair value each reporting period using a fair value hierarchy that prioritizes the use of observable inputs and minimizes the use of unobservable inputs when measuring fair value. A financial instrument’s classification within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Three levels of inputs may be used to measure fair value, as follows:

Level 1—Valuations based on observable inputs that reflect quoted prices for identical assets or liabilities in active markets.
Level 2—Valuations based on inputs that are directly or indirectly observable in the marketplace.
Level 3—Valuations based on unobservable inputs that are supported by little or no market activity.

The following tables present information about the Company’s financial assets that are required to be measured or disclosed at fair value using the above input categories as of the dates indicated (in thousands):

January 31, 2025
Level 1Level 2Level 3Total
Money market funds$298,937 $— $— $298,937 
U.S. Treasury securities— 58,665 — 58,665 
Commercial paper— 7,446 — 7,446 
Corporate debt securities— 125,811 — 125,811 
U.S. Government agency securities— 32,444 — 32,444 
Total$298,937 $224,366 $— $523,303 
Included in cash equivalents$298,937 
Included in investments$224,366 
As of January 31, 2024
Level 1Level 2Level 3Total
Money market funds$305,283 $— $— $305,283 
U.S. Treasury securities— 51,034 — 51,034 
Commercial paper— 3,880 — 3,880 
Corporate debt securities— 131,259 — 131,259 
U.S. Government agency securities— 23,997 — 23,997 
Total$305,283 $210,170 $— $515,453 
Included in cash equivalents$307,275 
Included in investments$208,178 

The Company’s assets that are measured by management at fair value on a recurring basis are generally classified within Level 1 or Level 2 of the fair value hierarchy.
The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. As of January 31, 2025 and 2024, the Company’s Level 2 securities are measured at fair value and classified within Level 2 in the fair value hierarchy because the company uses quoted market prices for similar instruments or nonbinding market prices that are corroborated by observable market data or alternative pricing sources and models using market observable inputs to determine fair value.

The carrying amounts of certain financial instruments, including cash held in banks, accounts receivable, and accounts payable approximate fair value due to their short-term maturities and are excluded from the fair value table above.

Convertible Senior Notes

As of January 31, 2025, the estimated fair value of the Company’s outstanding 1.25% Convertible Senior Notes due 2025 (the “2025 Notes”) was approximately $55.8 million and the estimated fair value of our 1.50% Convertible Senior Notes due 2028 (the “2028 Notes”) was approximately $394.3 million. The fair values were determined based on the quoted price for the 2025 Notes and the 2028 Notes (collectively, the “Notes”) in an inactive market on the last trading day of the reporting period and are considered as Level 2 in the fair value hierarchy.
v3.25.1
Business Combinations
 12 Months Ended
Jan. 31, 2025
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Business Combinations Business Combinations
Year ended January 31, 2025

The Company did not complete any business combinations in the fiscal year ended January 31, 2025.

Year ended January 31, 2024

On November 15, 2023, the Company completed the acquisition of Jeli, Inc. (“Jeli”), a software-as-a-service company that enables customers to effectively collaborate during and after an incident, identify improvement opportunities, and action insights to drive change. The Company acquired 100% of Jeli for purchase consideration of $29.7 million. The acquisition was accounted for as a business combination and total purchase consideration was allocated to the net identifiable tangible and intangible assets and liabilities based on their respective fair values on the acquisition date, with the excess recorded as goodwill. The values assigned to the assets acquired and liabilities assumed may be adjusted during the measurement period of up to 12 months from the date of acquisition as further information becomes available. Any changes in the fair values of the assets acquired and liabilities assumed during the measurement period may result in adjustments to goodwill. The finalization of the values assigned to the assets acquired and liabilities assumed during the year ended January 31, 2025 did not result in an adjustment to goodwill.

The purchase price consisted of the following (in thousands):

Cash$29,194 
Fair value of replacement stock options attributable to pre-combination service494 
Total purchase consideration$29,688 
The following table presents the fair values of acquired assets and liabilities recorded in the Company’s consolidated balance sheet as of the acquisition date (in thousands):


Cash$5,123 
Accounts receivable384 
Prepaid expenses and other current assets101 
Intangible assets6,900 
Goodwill18,539 
Accrued expenses and other current liabilities(99)
Deferred revenue(1,094)
Other liabilities(30)
Deferred tax liability(136)
Total purchase consideration$29,688 

The goodwill was primarily attributed to the value of synergies created with the Company’s current and future offerings. Goodwill is not deductible for income tax purposes.

The following table sets forth the components of identifiable intangible assets acquired (in thousands) and their estimated useful lives (in years) as of the date of acquisition:

Fair ValueUseful Life
Developed technology$6,400 5
Customer relationships400 10
Trademarks100 2
Total intangible assets$6,900 

The Company also entered into holdback agreements with the founder of Jeli with $1.4 million held back in cash which is subject to the continued service of the founder and thus excluded from the purchase price. This amount is recognized ratably as research and development expense over the required 1.5 year service period.

As part of the business combination, the Company issued replacement stock option awards for the unvested, in-the-money options of Jeli’s continuing employees. The portion of the fair value of the replacement awards that was related to pre-combination vesting was $0.5 million and is included as part of the consideration transferred. The post-combination fair value was calculated as the total fair value of the replacement awards less the pre-combination fair value. This post-combination fair value was $0.4 million and will be recognized as expense over the remaining service period of the awards.

Separate from the business combination, the Company issued $7.0 million in restricted stock unit awards for continuing employees attributable to post-combination services. The Company will recognize this as stock-based compensation expense over the vesting period of 4 years.

From the date of the acquisition, the financial results of Jeli have been included in and are not material to the Company’s consolidated financial statements. Pro forma revenue and results of operations have not been presented because the historical results are not material to the consolidated financial statements in any period presented.

The Company did not complete any other business combinations in the fiscal year ended January 31, 2024.
v3.25.1
Goodwill and Acquired Intangible Assets
 12 Months Ended
Jan. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Acquired Intangible Assets Goodwill and Acquired Intangible Assets
The changes in the carrying amount of goodwill for the fiscal years ended January 31, 2025 and 2024 are as follows (in thousands):

Balance as of January 31, 2023
$118,862 
Goodwill resulting from business combination18,539 
Balance as of January 31, 2024
$137,401 
Goodwill resulting from business combination— 
Balance as of January 31, 2025
$137,401 

Intangible assets subject to amortization consist of the following as of the dates indicated (in thousands, except weighted average remaining useful life):

January 31, 2025
CostAccumulated AmortizationNetWeighted Average Remaining Useful Life (Years)
Customer relationships$24,800 $(10,248)$14,552 5.9
Developed technology31,200 (24,927)6,273 3.1
Trademarks500 (460)40 0.8
Assembled workforce2,527 (2,527)— 0.0
Other intangibles, net$59,027 $(38,162)$20,865 5.1
January 31, 2024
CostAccumulated AmortizationNetWeighted Average Remaining Useful Life (Years)
Customer relationships$24,800 $(7,768)$17,032 6.9
Developed technology31,200 (16,128)15,072 2.7
Trademarks500 (410)90 1.8
Assembled workforce2,527 (2,105)422 0.3
Other intangibles, net$59,027 $(26,411)$32,616 4.9

For the fiscal years ended January 31, 2025, 2024 and 2023, amortization expense related to intangible assets was $11.8 million, $11.5 million, and $10.2 million, respectively.

As of January 31, 2025, expected amortization expense in future periods is as follows (in thousands):

Year ending January 31,
2026$5,217 
20273,760 
20283,760 
20293,493 
20302,480 
Thereafter2,155 
Total expected future amortization expense$20,865 
v3.25.1
Leases
 12 Months Ended
Jan. 31, 2025
Leases [Abstract]  
Leases Leases
Operating Leases

The Company has entered into various non-cancellable operating leases for its office spaces with lease periods expiring between fiscal 2026 and fiscal 2032. The operating lease agreements generally provide for rental payments on a graduated basis and for options to renew, which could increase future minimum lease payments if exercised.

Lease right-of-use assets and liabilities are recognized at the lease’s commencement date based on the present value of lease payments over the lease term. As the leases do not provide an implicit rate, the Company uses an incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments. The lease right-of-use assets also include any lease payments made and exclude lease incentives such as tenant improvement allowances.

The Company’s operating leases typically include non-lease components such as common-area maintenance costs. The Company has elected a practical expedient that allows it to include non-lease components with lease payments for the purpose of calculating lease right-of-use assets and liabilities, to the extent that they are fixed. Non-lease components that are not fixed are expensed as incurred as variable lease payments.

Leases with a term of one year or less are not recognized on the consolidated balance sheets. The Company recognizes lease expense for these leases on a straight-line basis over the lease term.

In June 2023, the Company entered into a sublease for a portion of its San Francisco office location. The sublease has a remaining lease term of less than one year. Sublease income, which is recorded as a reduction of rent expense, was not material for the years ended January 31, 2025 and 2024.

The following table presents information about leases on the consolidated balance sheets as of the dates indicated (in thousands):

January 31,
20252024
Assets:
Lease right-of-use assets$6,806 $3,789 
Liabilities:
Lease liabilities, current3,307 6,180 
Lease liabilities, non-current9,637 6,809 
As of January 31, 2025 and 2024, the weighted average remaining lease term was 3.5 years and 3.2 years, respectively. As of January 31, 2025 and 2024, the weighted average discount rate used to determine the net present value of the lease liabilities was 5.2% and 3.8%, respectively.

The following table presents information about leases on the consolidated statements of operations for the periods indicated (in thousands):
Year ended January 31,
202520242023
Operating lease expense$3,067 $4,736 $5,651 
Short-term lease expense2,261 1,856 1,842 
Variable lease expense937 1,149 1,363 
The following table presents supplemental cash flow information about the Company’s leases for the periods indicated (in thousands):

Year ended January 31,
202520242023
Cash paid for amounts included in the measurement of lease liabilities$6,647 $6,557 $7,025 
New operating lease right-of-use assets obtained in exchange for lease liabilities
$6,111 $349 $— 

As of January 31, 2025, remaining maturities of lease liabilities are as follows (in thousands):

Year ended January 31,
2026$3,849 
20274,047 
20284,172 
20291,974 
203081 
Thereafter— 
Gross lease payments$14,123 
Less: imputed interest(1,179)
Total lease liabilities$12,944 

In the year ended January 31, 2024, the Company recorded an impairment charge to its right-of-use assets of $6.1 million. The impairment charges represent the amount by which the carrying value of the right-of-use asset exceeded its estimated fair value. The estimated fair value was based on the present value of the estimated cash flows that could be generated from subleasing the property for the remaining lease term. The impairment charge was recorded in general and administrative expenses on the consolidated statement of operations. There were no impairment charges recorded in the years ended January 31, 2025 and 2023.
In January 2025, The Company entered into a non-cancelable lease for office space in Atlanta, for which the lessor is the construction agent for certain improvements to be added to the space prior to the Company obtaining economic benefit of the space. The lease will commence for accounting purposes upon completion of the construction, which is expected to be in the first quarter of fiscal 2026. The term of the lease is 92 months. Contractual obligations under the lease are expected to be $0.3 million in fiscal 2026, $0.4 million in each of fiscal 2027, 2028, 2029, and 2030, and $1.3 million thereafter. Upon lease commencement, the lease classification will be determined and the right-of-use asset and lease liability will be recognized on the consolidated balance sheet.
v3.25.1
Debt and Financing Arrangements
 12 Months Ended
Jan. 31, 2025
Debt Disclosure [Abstract]  
Debt and Financing Arrangements Debt and Financing Arrangements
2025 Convertible Senior Notes

In June 2020, the Company issued an aggregate principal amount of $287.5 million of 2025 Notes in a private offering pursuant to an indenture dated June 25, 2020 (the “2025 Indenture”).

The 2025 Notes are senior, unsecured obligations of the Company and accrue interest payable semiannually in arrears on January 1 and July 1 of each year, beginning on January 1, 2021, at a rate of 1.25% per year. The 2025 Notes will mature on July 1, 2025, unless such notes are converted, redeemed or repurchased earlier. In October 2023, the Company provided written notice to the trustee and the note holders of the 2025 Notes that it had irrevocably elected to settle the principal amount of its convertible senior notes in cash and pay or deliver, as the case may be, cash, shares of common stock or a combination of cash and shares of common stock, at the Company’s election, in respect to the remainder, if any, of the Company’s conversion obligation in excess of the aggregate principal amount of the 2025 Notes being converted.
In October 2023, the Company paid $223.7 million to repurchase an aggregate principal amount of $230.0 million of the 2025 Notes with a carrying value of $227.5 million, net of unamortized issuance costs of $2.6 million. As a result, in the year ended January 31, 2024, the Company recorded a gain on partial extinguishment of the 2025 Notes of $3.7 million in the consolidated statements of operations.

2028 Convertible Senior Notes

In October 2023, the Company issued an aggregate principal amount of $402.5 million of convertible senior notes in a private offering pursuant to an indenture dated October 13, 2023 (the “2028 Indenture” and, together with the 2025 Indenture, the “Indentures”). The total net proceeds from the debt offering, after deducting initial purchasers’ discounts and debt issuance costs of $12.0 million, were $390.4 million.

The 2028 Notes are senior, unsecured obligations of the Company and accrue interest payable semiannually in arrears on April 15 and October 15 of each year, beginning on April 15, 2024, at a rate of 1.50% per year. The 2028 Notes will mature on October 15, 2028, unless such notes are converted, redeemed or repurchased earlier. Upon conversion, the Company will pay cash up to the aggregate principal amount of the 2028 Notes to be converted and pay or deliver, as the case may be, cash, shares of common stock or a combination of cash and shares of common stock, at the Company’s election, in respect to the remainder, if any, of the Company’s conversion obligation in excess of the aggregate principal amount of the 2028 Notes being converted, in the manner and subject to the terms and conditions provided in the 2028 Indenture.

Additional Terms of the Notes

Holders of the Notes may convert all or any portion of their Notes at their option at any time prior to the close of business on April 1, 2025, with respect to the 2025 Notes, or June 15, 2028, with respect to the 2028 Notes, only under the following circumstances:

•During any fiscal quarter commencing after the fiscal quarter ended October 31, 2020, with respect to the 2025 Notes, or the fiscal quarter ending January 31, 2024, with respect to the 2028 Notes (and only during such fiscal quarter), if the last reported sale price of the Company’s common stock for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding fiscal quarter is greater than or equal to 130% of the relevant conversion price on each applicable trading day;
•During the five business day period after any ten consecutive trading day period (the measurement period) in which the “trading price” (as defined in the relevant Indenture) per $1,000 principal amount of such Notes for each trading day of the measurement period was less than 98% of the product of the last reported sale price of the Company’s common stock and the relevant conversion rate on each such trading day;
•If the Company calls such Notes for redemption, at any time prior to the close of business on the scheduled trading day immediately preceding the redemption date; or
•Upon the occurrence of specified corporate events, as noted in the Indenture.

On or after April 1, 2025, with respect to the 2025 Notes, or June 15, 2028, with respect to the 2028 Notes, until the close of business on the second scheduled trading day immediately preceding the relevant maturity date, holders of the Notes may convert all or any portion of their Notes at any time, regardless of the foregoing circumstances.

The initial conversion rate for the 2025 Notes is 24.95 shares of common stock per $1,000 principal amount of 2025 Notes, which is equivalent to an initial conversion price of approximately $40.08 per share of common stock. The initial conversion rate for the 2028 Notes is 36.56 shares of common stock per $1,000 principal amount of 2028 Notes, which is equivalent to an initial conversion price of approximately $27.35 per share of common stock. The conversion rate for the Notes is subject to adjustment under certain circumstances in accordance with the terms of the relevant Indenture, but will not be adjusted for accrued and unpaid interest. In addition, following certain corporate events that occur prior to the maturity date, or if the Company delivers a notice of redemption, the Company will, in certain circumstances, increase the conversion rate for a holder who elects to convert its Notes in connection with such a corporate event or convert its notes called (or deemed called) for redemption during the related redemption period (as defined in the relevant Indenture), as the case may be.
The Company may not redeem the 2025 Notes prior to July 6, 2023 or the 2028 Notes prior to October 20, 2026. The Company may redeem for cash all or any portion of the Notes, at its option, with respect to the 2025 Notes, on a redemption date occurring on or after July 6, 2023 and prior to the 41st scheduled trading day immediately preceding the maturity date of the 2025 Notes, or with respect to the 2028 Notes, on a redemption date occurring on or after October 20, 2026 and prior to the 61st scheduled trading day immediately preceding the maturity date of the 2028 Notes, if the last reported sale price of the common stock has been at least 130% of the relevant conversion price for the Notes then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including the trading day immediately preceding the date on which the Company provides notice of redemption at a redemption price equal to 100% of the principal amount to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. No sinking fund is provided for the 2025 Notes or the 2028 Notes.

If the Company undergoes a fundamental change (as defined in the relevant Indenture), holders may require the Company to repurchase for cash all or any portion of their Notes at a fundamental change repurchase price equal to 100% of the principal amount of the Notes to be repurchased, plus any accrued and unpaid interest to, but excluding, the fundamental change repurchase date.

The Indentures governing the Notes contain customary terms and covenants, including that upon certain events of default occurring and continuing, the trustee or the holders of at least 25% in aggregate principal amount of the outstanding 2025 Notes or 2028 Notes may declare the entire principal of all such 2025 Notes or 2028 Notes plus accrued and unpaid interest to be immediately due and payable.

Accounting for the Notes

The Notes are accounted for as a single liability measured at their amortized cost, as no other embedded features require bifurcation and recognition as derivatives. As of January 31, 2025, the 2025 Notes are classified in current liabilities and the 2028 Notes are classified as non-current liabilities. Issuance costs are amortized to interest expense over the contractual term of the Notes at an effective interest rate of 1.91% for the 2025 Notes and 2.13% for the 2028 Notes.

The net carrying amount of the Notes was as follows as of the dates indicated (in thousands):

As of January 31, 2025As of January 31, 2024
2025 Notes2028 NotesTotal2025 Notes2028 NotesTotal
Principal$57,500 $402,500 $460,000 $57,500 $402,500 $460,000 
Unamortized issuance costs(74)(9,218)(9,292)(597)(11,373)(11,970)
Net carrying amount$57,426 $393,282 $450,708 $56,903 $391,127 $448,030 

Interest expense recognized related to the Notes was as follows for the periods indicated (in thousands):

Year ended January 31,
202520242023
Contractual interest expense$6,629 $4,422 $3,594 
Amortization of debt issuance costs2,629 2,078 1,839 
Total interest expense related to the Notes$9,258 $6,500 $5,433 
Capped Call Transactions

In connection with the offering of the 2025 Notes, the Company entered into privately negotiated capped call transactions (the “2025 Capped Calls”) with certain financial institution counterparties. In connection with the offering of the 2028 Notes, the Company entered into separate privately negotiated capped call transactions (the “2028 Capped Calls” and, together with the 2025 Capped Calls, the “Capped Calls”). The Capped Calls are generally intended to reduce or offset the potential dilution to the common stock upon any conversion of the Notes, subject to a cap based on the cap price of such Capped Calls. For accounting purposes, the Capped Calls are separate transactions, and not part of the terms of the Notes. The Capped Calls are recorded in stockholders’ equity and are not accounted for as derivatives. The costs incurred to purchase the 2025 Capped Calls and the 2028 Capped Calls of $35.7 million and $55.1 million, respectively, were recorded as a reduction to additional paid-in capital in the accompanying consolidated balance sheets. The Capped Calls will not be remeasured as long as they continue to meet the conditions for equity classification.

The 2025 Capped Calls each have an initial strike price of approximately $40.08 per share, subject to certain adjustments, which corresponds to the initial conversion price of the 2025 Notes, and an initial cap price of $61.66 per share, subject to certain adjustments. The 2025 Capped Calls cover, subject to anti-dilution adjustments, approximately 7.2 million shares of the Company’s common stock. The 2025 Capped Calls are subject to automatic exercise over a 40 trading day period commencing on May 2, 2025, subject to earlier termination under certain circumstances and may be settled in cash, shares of common stock, or a combination of cash and shares of common stock, at the Company’s election. The 2025 Capped Calls remain outstanding as of January 31, 2025.
The 2028 Capped Calls each have an initial strike price of approximately $27.35 per share, subject to certain adjustments, which corresponds to the initial conversion price of the 2028 Notes, and an initial cap price of $42.90 per share, subject to certain adjustments. The 2028 Capped Calls cover, subject to anti-dilution adjustments, approximately 14.7 million shares of the Company’s common stock. The 2028 Capped Calls are subject to automatic exercise over a 60 trading day period commencing on July 20, 2028, subject to earlier termination under certain circumstances and may be settled in cash, shares of common stock, or a combination of cash and shares of common stock, at the Company’s election. The 2028 Capped Calls remain outstanding as of January 31, 2025.
v3.25.1
Commitments and Contingencies
 12 Months Ended
Jan. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Contractual Obligations

The Company’s contractual obligations are as follows for the periods presented (in thousands):

Purchase Commitments(1)
Senior Convertible Notes(2)
Total
Year ended January 31,
2026$33,188 $63,897 $97,085 
202722,228 6,038 28,266 
202816,334 6,038 22,372 
2029264 408,538 408,802 
2030— — — 
Thereafter— — — 
Total contractual obligations$72,014 $484,511 $556,525 
(1) Primarily relates to contractual third-party services.
(2) Includes principal and interest payments. For more information regarding the Company’s convertible senior notes, refer to Note 9. Debt and Financing Arrangements.

Refer to Note 8. Leases for a description of the Company’s lease-related contractual obligations.
Legal Matters

From time to time, the Company may be subject to various claims and other legal matters arising in the ordinary course of business. The Company investigates these claims as they arise and accrues estimates for resolution of legal and other contingencies when losses are probable and estimable. The Company is not currently a party to any material legal proceedings nor is it aware of any pending or threatened litigation that could reasonably be expected to have a material adverse effect on its business, financial condition, results of operations, or cash flows.

Warranties and Indemnification

The Company has entered into service-level agreements with a portion of its customers defining levels of uptime reliability and performance and permitting those customers to receive credits if the Company fails to meet the defined levels of uptime. To date, the Company has not experienced any significant failures to meet defined levels of uptime reliability and performance as a result of those agreements and, as a result, the Company has not incurred or accrued any material liabilities related to these agreements in the financial statements.

In the ordinary course of business, the Company may agree to indemnify customers, vendors, lessors, business partners, and other parties with respect to certain matters, including, but not limited to, losses arising out of the breach of such agreements, services to be provided by the Company, or from intellectual property infringement claims made by third parties. As permitted under Delaware law, the Company has entered into indemnification agreements with its directors and certain officers and employees that will require the Company, among other things, to indemnify them against certain liabilities that may arise by reason of their status or service as directors, officers, or employees. No demands have been made upon the Company to provide indemnification under such agreements, and there are no claims that the Company is aware of that could have a material effect on its consolidated balance sheets, consolidated statements of operations, consolidated statements of comprehensive loss, or consolidated statements of cash flows.
v3.25.1
Deferred Revenue and Remaining Performance Obligations
 12 Months Ended
Jan. 31, 2025
Revenue from Contract with Customer [Abstract]  
Deferred Revenue and Remaining Performance Obligations Deferred Revenue and Remaining Performance Obligations
The following table presents the changes to the Company’s deferred revenue for the periods indicated (in thousands):
Year ended January 31,
202520242023
Deferred revenue, beginning of period$228,161 $209,051 $170,224 
Billings485,090 448,715 408,764 
Deferred revenue assumed in business combinations— 1,094 856 
Revenue recognized(467,499)(430,699)(370,793)
Deferred revenue, end of period$245,752 $228,161 $209,051 

Approximately 54%, 48%, and 44% of total revenue recognized in the fiscal years ended January 31, 2025, 2024, and 2023 was from the deferred revenue balances at the beginning of each period.

The transaction price allocated to the remaining performance obligations represents all future, non-cancelable contracted revenue that has not yet been recognized, inclusive of deferred revenue that has been invoiced and non-cancelable amounts that will be invoiced and recognized as revenue in future periods.

Beginning in the first quarter of fiscal 2025, the Company began to include contracts with an original term of less than 12 months in this disclosure. Such contracts comprised $128 million of remaining non-cancelable performance obligations as of January 31, 2025.

As of January 31, 2025, total remaining non-cancelable performance obligations under cloud-hosted and term-license software subscription contracts with customers was approximately $440 million. Of this amount, the Company expects to recognize revenue of approximately $302 million, or 68.6%, over the next 12 months with the balance to be recognized as revenue thereafter.
v3.25.1
Common Stock and Stockholders' Equity
 12 Months Ended
Jan. 31, 2025
Equity [Abstract]  
Common Stock and Stockholders' Equity Common Stock and Stockholders’ Equity
Common Stock

The Company has authorized capital stock consisting of 1,000,000,000 shares of common stock as of January 31, 2025 and 2024, with a par value of $0.000005 per share. The Company had 91,082,604 and 95,068,187 shares of common stock issued and 91,082,604 and 92,737,185 shares of common stock outstanding as of January 31, 2025 and 2024, respectively.

Common Stock Repurchases
In October 2023, the Company repurchased a total of 2,331,002 shares of the Company’s common stock through open market purchases at an average per share price of $21.45 for a total repurchase price of $50.0 million. During the year ended January 31, 2025, these shares were retired.

In May 2024, the Company’s Board of Directors authorized a share repurchase program to repurchase up to $100.0 million of the Company’s common stock (the “2024 Share Repurchase Program”). Under the 2024 Share Repurchase Program, the Company repurchased a total of 5,223,071 shares of common stock through open market purchases at an average per share price of $19.15 for a total repurchase price of $100.0 million. During the year ended January 31, 2025, these shares were retired.

Equity Incentive Plan

In 2019, the Company adopted the 2019 Equity Incentive Plan (the “2019 Plan”). As of January 31, 2025 and 2024, the Company was authorized to grant up to 36,096,964 shares and 31,519,553 shares of common stock, respectively, under the 2019 Plan.

The Company currently uses authorized and unissued shares to satisfy stock award exercises and settlement of RSUs and PSUs. As of January 31, 2025 and 2024, there were 20,028,092 shares and 17,178,454 shares, respectively, available for future issuance under the 2019 Plan.

Shares of common stock reserved for future issuance as of the end of the period noted are as follows:

January 31, 2025
Outstanding stock options and unvested RSUs and PSUs12,879,148 
Available for future stock option, RSU, and PSU grants20,028,092 
Available for ESPP3,795,079 
Total common stock reserved for future issuance36,702,319 

Stock Options

A summary of the Company’s stock option activity and related information is as follows:

Number of sharesWeighted Average Exercise PriceWeighted Average Remaining Contractual Term (Years)Aggregate Intrinsic Value (in thousands)
Outstanding at January 31, 20244,875,025 $10.29 4.4$68,151 
Granted— $— 
Exercised(620,106)$6.97 
Forfeited or canceled(34,287)$24.17 
Outstanding at January 31, 20254,220,632 $10.67 3.2$37,041 
Vested and exercisable as of January 31, 20254,183,325 $10.47 3.1$36,997 
The Company uses the Black-Scholes option-pricing model to estimate the fair value of stock options on the date of grant and accounts for forfeitures as they occur. The following assumptions were used to calculate the fair value of the Company’s stock options granted to employees during the periods indicated:

Year ended January 31,
20242023
Expected dividend yield— — 
Expected volatility55.0 %
47.1%
Expected term (years)5.26.1
Risk-free interest rate
4.50% - 4.60%
 2.50%

No stock options were granted during the year ended January 31, 2025. Stock options granted during the years ended January 31, 2024 and 2023 had a weighted average grant date fair value per share of $13.00 and $16.46, respectively. The aggregate intrinsic value of stock options exercised during the fiscal years ended January 31, 2025, 2024, and 2023 was $7.2 million, $22.7 million, and $50.8 million, respectively.

As of January 31, 2025, there was approximately $0.6 million of total unrecognized compensation cost related to unvested stock options granted under the 2019 Plan, which will be recognized over a weighted average period of 1.0 year.

Restricted Stock Units

A summary of the Company’s RSU activity and related information is as follows:
Number of RSUsWeighted Average Grant Date Fair Value Per Share
Outstanding at January 31, 20247,412,056 $31.08 
Granted4,831,482 $20.73 
Vested(3,906,967)$30.24 
Forfeited or canceled(1,221,607)$29.61 
Outstanding at January 31, 20257,114,964 $24.78 

The fair value of the Company’s RSUs is expensed ratably over the vesting period, and is based on the fair value of the underlying shares on the date of grant. The Company accounts for forfeitures as they occur.

As of January 31, 2025, there was $167.1 million of unrecognized stock-based compensation expense related to unvested RSUs, which is expected to be recognized over a weighted average period of 2.1 years based on vesting under the award service conditions.

Performance Stock Units

The Company grants PSUs to certain employees of the Company, which, in the current fiscal year, are to vest based on the level of achievement of certain targets related to the Company’s operating plan over the one-year performance period. In prior periods, PSUs vested based on both the level of achievement of certain targets related to the Company’s operating plan and the relative growth of the per share price of the Company’s common stock as compared to the S&P Software & Services Select Index over the one-year performance period. The PSUs vest over a three-year period, subject to continuous service with the Company. The number of shares of the Company’s common stock that will vest based on the performance and market conditions can range from 0% to 200% of the target amount. Compensation expense for PSUs with performance conditions is measured using the fair value at the date of grant, and may be adjusted over the vesting period based on interim estimates of performance against the performance condition. Compensation expense for PSUs with market conditions is measured using a Monte Carlo simulation approach. Expense is recorded over the vesting period under the graded-vesting attribution method.
In the year ended January 31, 2025, the Compensation Committee of the Company’s Board of Directors certified the results of the Company’s operating plan and relative growth of the per share price of the Company’s common stock as compared to the S&P Software & Services Select Index for the fiscal year ended January 31, 2024. Based on the results, the PSUs granted in April 2023 (“2023 PSU Awards”) were cancelled as the target was not met.

A summary of the Company’s PSU activity and related information is as follows:

Number of PSUsWeighted Average Grant Date Fair Value Per Share
Outstanding at January 31, 2024541,992 $35.08 
Granted(1)
781,813 $21.62 
Vested(9,050)$41.17 
Forfeited or canceled(65,182)$35.64 
Performance adjustment for 2023 PSU Awards(487,834)$41.88 
Outstanding at January 31, 2025761,739 $21.62 
(1)This amount represents awards granted at 100% attainment.

During the year ended January 31, 2025, the Company recorded stock-based compensation expense for the number of PSUs considered probable of vesting based on the attainment of the performance targets.

As of January 31, 2025, total unrecognized stock-based compensation cost related to PSUs was $6.6 million. This unrecognized stock-based compensation cost is expected to be recognized using the accelerated attribution method over a weighted-average period of approximately 1.2 years.

Employee Stock Purchase Plan

The Company’s ESPP generally provides for 24-month offering periods beginning June 15 and December 15 of each year, with each offering period consisting of four six-month purchase periods. On each purchase date, eligible employees will purchase the shares at a price per share equal to 85% of the lesser of: (i) the fair market value of the Company’s stock as of the beginning of the offering period; or (ii) the fair market value of the Company’s stock on the purchase date, as defined in the ESPP.

The following assumptions were used to calculate the fair value of shares to be granted under the ESPP during the periods indicated:

Year ended January 31,
202520242023
Expected dividend yield— — — 
Expected volatility
38.4% - 51.9%
35.8% - 60.1%
44.1% - 65.6%
Expected term (years)
0.5 - 2.0
0.5 - 2.0
0.5 - 2.0
Risk-free interest rate
4.20% - 5.32%
0.69% - 5.29%
0.11% - 4.62%

During the fiscal years ended January 31, 2025, 2024 and 2023, the Company recognized $4.8 million, $6.0 million, and $4.9 million, respectively of stock-based compensation expense related to the ESPP.

During the fiscal years ended January 31, 2025, 2024 and 2023, the Company withheld $8.5 million, $10.2 million, and $10.0 million, respectively, in contributions from employees.

In the fiscal years ended January 31, 2025, 2024 and 2023, 502,460, 536,151, and 495,432 shares of common stock, respectively, were issued under the ESPP at a weighted average purchase price of $17.89, $19.20, and $19.93 per share, respectively.
Stock-Based Compensation

Stock-based compensation expense included in the Company’s consolidated statements of operations was as follows for the periods indicated (in thousands):

Year ended January 31,
202520242023
Cost of revenue$5,984 $7,586 $6,827 
Research and development44,691 44,800 39,012 
Sales and marketing31,185 30,345 29,804 
General and administrative44,350 44,421 34,264 
Total$126,210 $127,152 $109,907 
v3.25.1
Net Loss per Share
 12 Months Ended
Jan. 31, 2025
Earnings Per Share [Abstract]  
Net Loss per Share Net Loss per Share
Net loss used for the purpose of determining basic and diluted net loss per share is determined by taking net loss attributable to PagerDuty, Inc., less the redeemable non-controlling interests redemption value adjustment.

The following table presents the calculation of basic and diluted net loss per share attributable to PagerDuty, Inc. common stockholders for the periods indicated (in thousands, except number of shares and per share data):

As of January 31,
202520242023
Numerator:
Net loss attributable to PagerDuty, Inc.$(42,735)$(75,189)$(128,423)
Less: Adjustment attributable to redeemable non-controlling interest11,725 6,568 — 
Net loss attributable to PagerDuty, Inc. common stockholders$(54,460)$(81,757)$(128,423)
Denominator:
Weighted average shares used in calculating net loss per share, basic and diluted (in thousands)92,000 92,341 88,721 
Net loss per share, basic and diluted, attributable to PagerDuty, Inc. common stockholders$(0.59)$(0.89)$(1.45)

Since the Company was in a loss position for the periods presented, basic net loss per share and diluted net loss per share are the same, as the inclusion of all potential common stock outstanding would have been anti-dilutive.

Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows (in thousands):

As of January 31,
202520242023
Shares subject to outstanding common stock awards12,097 12,829 14,989 
Restricted stock issued to acquire key personnel    — 25 63 
Shares issuable pursuant to the ESPP103 105 106 
Total
12,200 12,959 15,158 

Additionally, as of January 31, 2023, using the conversion rate of 24.95 shares of common stock per $1,000 principal amount of the 2025 Notes, the potentially dilutive shares that were not included in the diluted per share calculations was 7.2 million.
As described in Note 9, Debt and Financing Arrangements, upon conversion of the Notes, the Company will pay cash up to the aggregate principal amount of the Notes to be converted and pay or deliver, as the case may be, cash, shares of common stock or a combination of cash and shares of common stock, at the Company’s election, in respect to the remainder, if any, of the Company’s conversion obligation in excess of the aggregate principal amount of the Notes being converted. As of January 31, 2025 and 2024, the conversion options of the Notes were out of money and as a result, there were no potentially dilutive shares related to the conversion of the Notes.

Additionally, as described in Note 9, Debt and Financing Arrangements, the Company entered into the Capped Calls, which were not included for purposes of calculating the number of diluted shares outstanding, as their effect would have been anti-dilutive.
v3.25.1
Income Taxes
 12 Months Ended
Jan. 31, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The components of loss before income taxes were as follows for the periods indicated (in thousands):

Year ended January 31,
202520242023
Domestic$(44,009)$(75,375)$(130,971)
Foreign2,256 (2,004)907 
Loss before (provision for) benefit from income taxes$(41,753)$(77,379)$(130,064)

The components of the provision for (benefit from) income tax were as follows for the periods indicated (in thousands):

Year ended January 31,
202520242023
Current:
Federal$433 $— $— 
State437 117 — 
Foreign999 466 267 
Total current tax expense$1,869 $583 $267 
Deferred:
Federal$— $(97)$(794)
State— (39)(536)
Foreign(86)(459)224 
Total deferred tax expense$(86)$(595)$(1,106)
Provision for (benefit from) income taxes$1,783 $(12)$(839)

A reconciliation of the Company’s recorded provision for (benefit from) income tax to the amount of taxes computed at the U.S. statutory rate was as follows for the periods indicated (in thousands):

Year ended January 31,
202520242023
Income taxes computed at U.S. federal statutory rate$(8,768)$(16,249)$(27,313)
State taxes, net of federal benefit1,075 (2,029)(5,044)
Stock-based compensation14,760 8,695 554 
Foreign rate differential419 428 300 
Tax credits, net of FIN48 reserves(1,460)(1,956)(1,789)
Change in valuation allowance(4,605)10,169 31,350 
Foreign-derived intangible income benefit(1,039)— — 
Other1,401 930 1,103 
Provision for (benefit from) income taxes$1,783 $(12)$(839)
Deferred income taxes arise from temporary differences between the carrying values of assets and liabilities for financial reporting purposes and income tax reporting purposes, as well as operating losses and tax credit carryforwards.

Significant components of the Company’s deferred tax assets and liabilities were as follows as of the periods indicated (in thousands):

January 31,
20252024
Deferred tax assets:
Net operating losses$110,076 $122,343 
Capitalized research and development costs46,543 34,757 
Allowances and accruals8,067 7,374 
Stock-based compensation9,306 11,096 
Charitable contributions74 3,983 
Tax credits15,032 14,704 
Lease liabilities2,947 3,262 
Other457 1,311 
Gross deferred tax assets$192,502 $198,830 
Less: valuation allowance(172,538)(177,078)
Net deferred tax assets$19,964 $21,752 
Deferred tax liabilities:
Deferred commissions$(11,067)$(11,565)
Intangible assets(9,353)(11,357)
Lease assets(1,445)(958)
Other(582)(448)
Gross deferred tax liabilities$(22,447)$(24,328)
Net deferred tax liabilities$(2,483)$(2,576)

The realization of deferred tax assets is dependent upon the generation of sufficient taxable income of the appropriate character in future periods. The Company regularly assesses the ability to realize its deferred tax assets and establishes a valuation allowance if it is more likely than not that some portion of the deferred tax assets will not be realized. The Company weighs all available positive and negative evidence, including its earnings history and results of recent operations, scheduled reversals of deferred tax liabilities, projected future taxable income, and tax planning strategies. Due to the weight of objectively verifiable negative evidence, including its history of losses in the United States and Japan, the Company believes that it is more likely than not that its U.S., federal and state, and Japan deferred tax assets will not be realized. Accordingly, the Company has recorded a full valuation allowance on such deferred tax assets. The valuation allowance against its various deferred tax assets decreased by $4.5 million, increased by $14.2 million, and increased by $40.8 million during the fiscal years ended January 31, 2025, 2024, and 2023, respectively. The decrease in the Company's valuation allowance compared to the prior year was primarily due to the utilization of U.S. federal and state net operating losses in the current period netted with the increase in U.S. deferred tax assets resulting from capitalization and amortization of research and development expenses.

As of January 31, 2025, the Company had federal net operating loss carryforwards as reported on the tax return in the amount of $404.2 million. Beginning in 2037, $5.3 million of the federal net operating losses will begin to expire. The remaining $398.9 million will carry forward indefinitely. As of January 31, 2025, the Company had state and foreign net operating loss carryforwards as reported on the tax return in the amount of $29.2 million and $6.5 million, respectively, which begin to expire in 2028 and 2033, respectively. Utilization of the Company’s net operating loss may be subject to annual limitations due to the ownership change limitations provided by section 382 of the Internal Revenue Code and similar state provisions. The Company’s net operating loss carryforwards could expire before utilization if subject to annual limitations.
As of January 31, 2025, the Company had federal, California, and Canadian research and development credit carryforwards as reported on the tax return of $15.0 million, $7.4 million, and $2.3 million, respectively. The federal research and development credits will begin to expire in 2036, the California research and development credits have no expiration, and the Canadian research and development credits will begin to expire in 2042.

The following table summarizes the activity related to the Company’s unrecognized tax benefits for the periods indicated (in thousands):
Year ended January 31,
202520242023
Balance at beginning of period$9,065 $7,723 $6,190 
Additions related to prior years— 110 85 
Reductions related to prior years(87)(192)(18)
Additions related to current year1,297 1,424 1,304 
Additions related to acquired positions— — 162 
Balance at end of period$10,275 $9,065 $7,723 

All of the Company’s tax years remain open for examination by U.S. federal and state tax authorities. The non-U.S. tax returns remain open for examination for the years 2017 and onwards. Due to its U.S. federal and state valuation allowance, $0.9 million, $0.9 million, and $1.0 million of unrecognized tax benefits as of January 31, 2025, 2024, and 2023, respectively, would affect the effective tax rate if recognized. The Company recognizes interest and penalties related to unrecognized tax benefits as provision for income taxes. The Company has accrued an immaterial amount of interest and penalties associated with its unrecognized tax benefits noted above as of January 31, 2025. The Company does not anticipate the total amounts of unrecognized tax benefits will significantly decrease in the next 12 months.

U.S. income tax has not been recognized on the excess of the amount for financial reporting over the tax basis of investments in foreign subsidiaries that is indefinitely reinvested outside the United States. As a result of current U.S. tax law, the tax impact of future distributions of foreign earnings would generally be limited to withholding tax from local jurisdictions. The amount of the deferred tax liability on the excess of the amount for financial reporting over the tax basis of investments in foreign subsidiaries is not material.
v3.25.1
Geographic Information
 12 Months Ended
Jan. 31, 2025
Segment Reporting [Abstract]  
Geographic Information Geographic Information
Revenue by location is generally determined by the billing address of the customer. The following table sets forth revenue by geographic area for the periods indicated (in thousands):
Year ended January 31,
202520242023
United States$337,580 $312,165 $283,266 
International129,919 118,534 87,527 
Total$467,499 $430,699 $370,793 

Other than the United States, no other individual country accounted for 10% or more of revenue for the fiscal years ended January 31, 2025, 2024, or 2023.

As of January 31, 2025, 69% of the Company’s long-lived assets, including property and equipment and right-of-use lease assets, were located in the United States, 17% were located in Canada, 12% were located in Portugal, 1% were located in the United Kingdom, and 1% were located in Chile. As of January 31, 2024, 73% of the Company’s long-lived assets, including property and equipment and right-of-use lease assets, were located in the United States, 20% were located in Canada, 4% were located in Portugal, 2% were located in the United Kingdom, and 1% were located in Chile.
.
v3.25.1
Restructuring Costs
 12 Months Ended
Jan. 31, 2025
Restructuring and Related Activities [Abstract]  
Restructuring Costs Restructuring Costs
In January 2024, in an effort to rationalize the Company’s real estate footprint, the Atlanta leased office spaces began to be decommissioned in order to be vacated. As a result, the Company recorded a $7.2 million impairment charge in the period, of which $5.3 million related to lease right-of-use-assets and $1.9 million related to leasehold improvements. The impairment charge was recorded in general and administrative expenses on the consolidated statement of operations.
In July 2023, the Company recorded an impairment charge of $1.2 million, of which $0.4 million related to leasehold improvements and $0.8 million related to right-of-use lease assets and liabilities abandoned in the period as a result of the San Francisco office sublease. The impairment charge was recorded in general and administrative expenses on the consolidated statement of operations.

In January 2023, as part of the Company’s ongoing actions to drive efficient growth and expand operating margins, the Company began implementing changes that included reallocating certain roles and realigning teams to continue to improve operational resiliency and agility. The immediate impact was a 7% reduction in headcount, as some roles were eliminated and new roles created in high-talent, lower-cost geographies. During the fiscal year ended January 31, 2023, the Company incurred costs associated with the restructuring plan of approximately $5.0 million, which was primarily comprised of severance payments, employee benefit contributions, and other related costs. In connection with the restructuring, the Company recorded the restructuring costs within the cost of sales, research and development, sales and marketing, and general and administrative operating expense line items of its consolidated statements of operations as of January 31, 2023.

The Company incurred immaterial additional personnel costs related to the reduction in headcount during the year ended January 31, 2024. The amounts accrued as of January 31, 2023 and the immaterial additional costs incurred during the year ended January 31, 2024 were paid during the year ended January 31, 2024, with no remaining balances accrued as of January 31, 2024.
Restructuring costs incurred during the year ended January 31, 2025 were not material.
v3.25.1
401(k) Plan
 12 Months Ended
Jan. 31, 2025
Retirement Benefits [Abstract]  
401(k) Plan 401(k) Plan
The Company has a qualified defined contribution plan under Section 401(k) of the Internal Revenue Code covering eligible employees. The 401(k) plan allows each participant to contribute up to an amount not to exceed an annual statutory maximum. The Company is responsible for the administrative costs of the 401(k) plan, and effective January 1, 2022, the employer matching contribution was two percent (2%) of each participant’s employee contributions of at least 2% of eligible wages during the period. During the fiscal years ended January 31, 2025, 2024, and 2023, the Company recognized expense of $2.8 million, $3.6 million, and $2.6 million, respectively, related to matching contributions.
v3.25.1
Subsequent Events
 12 Months Ended
Jan. 31, 2025
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
In March 2025, the Company’s Board of Directors authorized a share repurchase program for the repurchase of shares of the Company’s common stock, in an aggregate amount of up to $150.0 million (the “2025 Share Repurchase Program”). The 2025 Share Repurchase Program replaces the Company’s 2024 Share Repurchase Program, which was completed in November 2024. Share repurchases under the 2025 Share Repurchase Program may be made from time to time through open market purchases, privately negotiated transactions, or other legally permissible means, including pursuant to Rule 10b5-1 trading plans. The 2025 Share Repurchase Program expires on March 13, 2027 and does not obligate the Company to acquire a specified number of shares, and may be suspended, modified, or terminated at any time, without prior notice. The number of shares to be repurchased will depend on a variety of factors, including price, general business and market conditions, and alternative investment opportunities.
v3.25.1
Pay vs Performance Disclosure - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 2023
Pay vs Performance Disclosure      
Net loss attributable to PagerDuty, Inc. $ (42,735) $ (75,189) $ (128,423)
v3.25.1
Insider Trading Arrangements
 3 Months Ended 12 Months Ended
Jan. 31, 2025
shares
Jan. 31, 2025
shares
Trading Arrangements, by Individual    
Material Terms of Trading Arrangement  
On December 13, 2024, Mitra Rezvan, our former Chief Accounting Officer, terminated a trading plan for the sale of the Company’s common stock that is intended to satisfy the affirmative defense of Rule 10b5-1(c). The trading plan was adopted on July 10, 2024 and was set to expire on October 10, 2025. The trading plan provided for the sale of up to 60,594 shares of common stock, all of which are subject to the Company’s stock price reaching certain price thresholds.
Rule 10b5-1 Arrangement Adopted false  
Non-Rule 10b5-1 Arrangement Adopted false  
Non-Rule 10b5-1 Arrangement Terminated false  
Mitra Rezvan, [Member]    
Trading Arrangements, by Individual    
Name Mitra Rezvan  
Title Chief Accounting Officer  
Rule 10b5-1 Arrangement Terminated true  
Termination Date December 13, 2024  
Aggregate Available 60,594 60,594
v3.25.1
Insider Trading Policies and Procedures
 12 Months Ended
Jan. 31, 2025
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true
v3.25.1
Cybersecurity Risk Management and Strategy Disclosure
 12 Months Ended
Jan. 31, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]  
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]
Risk management and strategy

We have implemented and maintain various information security processes designed to identify, assess, and manage material risks from cybersecurity threats to our critical computer networks, third party hosted services, communications systems, hardware and software, and our critical data, including intellectual property, confidential information that is proprietary, strategic, or competitive in nature, customer data, and personal information (collectively, “Information Systems and Data”).

Our Chief Information Security Officer (“CISO”), along with the information security, engineering, and legal functions at the Company, help identify, assess, and manage the Company’s cybersecurity threats and risks. They work to identify and assess risks from cybersecurity threats by monitoring and evaluating the threat environment using various methods including manual and automated tools, subscribing to reports and services that identify cybersecurity threats, evaluating our and our industry’s risk profile, conducting audits and threat assessments, conducting vulnerability assessments, and external threat intelligence.

Depending on the environment, system, and data, we implement and maintain certain technical and organizational measures, processes, standards and policies designed to manage and mitigate material risks from cybersecurity threats to our Information Systems and Data, including, for example: incident response procedures, vulnerability management process, disaster recovery/business continuity plans, encryption, network security controls, user access controls including multifactor authentication and role-based access, data segregation, asset management, systems monitoring, vendor risk management program, employee training, penetration testing, cybersecurity insurance, and dedicated cybersecurity staff.

Our assessment and management of material risks from cybersecurity threats are integrated into the Company’s overall risk management processes, including by prioritizing our risk management processes and mitigating cybersecurity threats that are more likely to lead to a material impact to our business.

We use third-party service providers to assist us from time to time to identify, assess, and manage material risks from cybersecurity threats, including, for example, professional services firms, cybersecurity consultants, managed cybersecurity service providers, and penetration testing firms.

We also use third-party service providers to perform a variety of functions throughout our business, such as application providers, hosting companies, and various supply chain resources. We have a vendor management program to manage cybersecurity risks associated with our use of these providers which includes, depending on the vendor, nature of the services provided, and sensitivity of the Information Systems and Data at issue: different levels of assessment designed to help identify cybersecurity risks associated with the vendor, security questionnaires, review of security assessments, and imposition of contractual obligations related to cybersecurity.

For a description of the risks from cybersecurity threats that may materially affect the Company and how they may do so, see our risk factors under Part I. Item 1A. Risk Factors in this Annual Report on Form 10-K.
Cybersecurity Risk Management Processes Integrated [Flag] true
Cybersecurity Risk Management Processes Integrated [Text Block] Our assessment and management of material risks from cybersecurity threats are integrated into the Company’s overall risk management processes, including by prioritizing our risk management processes and mitigating cybersecurity threats that are more likely to lead to a material impact to our business.
Cybersecurity Risk Management Third Party Engaged [Flag] true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] false
Cybersecurity Risk Board of Directors Oversight [Text Block]
Our board of directors oversees the Company’s cybersecurity risk management as part of its general oversight function. The board of directors’ audit committee is responsible for overseeing the Company’s cybersecurity risk management processes, including oversight of mitigation of risks from cybersecurity threats.

Our cybersecurity risk assessment and management processes are implemented and maintained by certain Company management, including our Chief Technology Officer (“CTO”), CISO, and Chief Information Officer (“CIO”), who have decades of experience in cybersecurity and information technology. Our CTO has extensive experience in computer science, and our CISO has extensive experience in computer security and enterprise data.

Company management, including the CTO, CISO, and CIO, is responsible for hiring appropriate personnel, helping to integrate cybersecurity risk considerations into the Company’s overall risk management strategy, and communicating key priorities to relevant personnel. Management is also responsible for approving budgets for spending on cybersecurity, helping prepare for cybersecurity incidents, and approving cybersecurity processes.

Our cybersecurity incident response and vulnerability management processes are designed to escalate certain cybersecurity incidents to members of management depending on the circumstances, including to the CISO, CTO, and CIO, as appropriate. The CTO, CISO, and CIO work with the Company’s incident response team to help the Company mitigate and remediate such cybersecurity incidents. In addition, the Company’s incident response and vulnerability management processes include updates to the audit committee of the board of directors as appropriate.
The audit committee receives periodic reports from the CTO and/or CISO concerning the company’s significant cybersecurity threats and risk and the processes the Company has implemented to address them. The audit committee also receives various reports, summaries or presentations related to the Company’s cybersecurity threats, risk and mitigation. The audit committee will keep the full board of directors apprised of the company’s cybersecurity risk processes and significant developments related to cybersecurity.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block] Our board of directors oversees the Company’s cybersecurity risk management as part of its general oversight function. The board of directors’ audit committee is responsible for overseeing the Company’s cybersecurity risk management processes, including oversight of mitigation of risks from cybersecurity threats.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]
Our board of directors oversees the Company’s cybersecurity risk management as part of its general oversight function. The board of directors’ audit committee is responsible for overseeing the Company’s cybersecurity risk management processes, including oversight of mitigation of risks from cybersecurity threats.

Our cybersecurity risk assessment and management processes are implemented and maintained by certain Company management, including our Chief Technology Officer (“CTO”), CISO, and Chief Information Officer (“CIO”), who have decades of experience in cybersecurity and information technology. Our CTO has extensive experience in computer science, and our CISO has extensive experience in computer security and enterprise data.

Company management, including the CTO, CISO, and CIO, is responsible for hiring appropriate personnel, helping to integrate cybersecurity risk considerations into the Company’s overall risk management strategy, and communicating key priorities to relevant personnel. Management is also responsible for approving budgets for spending on cybersecurity, helping prepare for cybersecurity incidents, and approving cybersecurity processes.

Our cybersecurity incident response and vulnerability management processes are designed to escalate certain cybersecurity incidents to members of management depending on the circumstances, including to the CISO, CTO, and CIO, as appropriate. The CTO, CISO, and CIO work with the Company’s incident response team to help the Company mitigate and remediate such cybersecurity incidents. In addition, the Company’s incident response and vulnerability management processes include updates to the audit committee of the board of directors as appropriate.
The audit committee receives periodic reports from the CTO and/or CISO concerning the company’s significant cybersecurity threats and risk and the processes the Company has implemented to address them. The audit committee also receives various reports, summaries or presentations related to the Company’s cybersecurity threats, risk and mitigation. The audit committee will keep the full board of directors apprised of the company’s cybersecurity risk processes and significant developments related to cybersecurity.
Cybersecurity Risk Role of Management [Text Block]
We have implemented and maintain various information security processes designed to identify, assess, and manage material risks from cybersecurity threats to our critical computer networks, third party hosted services, communications systems, hardware and software, and our critical data, including intellectual property, confidential information that is proprietary, strategic, or competitive in nature, customer data, and personal information (collectively, “Information Systems and Data”).

Our Chief Information Security Officer (“CISO”), along with the information security, engineering, and legal functions at the Company, help identify, assess, and manage the Company’s cybersecurity threats and risks. They work to identify and assess risks from cybersecurity threats by monitoring and evaluating the threat environment using various methods including manual and automated tools, subscribing to reports and services that identify cybersecurity threats, evaluating our and our industry’s risk profile, conducting audits and threat assessments, conducting vulnerability assessments, and external threat intelligence.

Depending on the environment, system, and data, we implement and maintain certain technical and organizational measures, processes, standards and policies designed to manage and mitigate material risks from cybersecurity threats to our Information Systems and Data, including, for example: incident response procedures, vulnerability management process, disaster recovery/business continuity plans, encryption, network security controls, user access controls including multifactor authentication and role-based access, data segregation, asset management, systems monitoring, vendor risk management program, employee training, penetration testing, cybersecurity insurance, and dedicated cybersecurity staff.

Our assessment and management of material risks from cybersecurity threats are integrated into the Company’s overall risk management processes, including by prioritizing our risk management processes and mitigating cybersecurity threats that are more likely to lead to a material impact to our business.

We use third-party service providers to assist us from time to time to identify, assess, and manage material risks from cybersecurity threats, including, for example, professional services firms, cybersecurity consultants, managed cybersecurity service providers, and penetration testing firms.

We also use third-party service providers to perform a variety of functions throughout our business, such as application providers, hosting companies, and various supply chain resources. We have a vendor management program to manage cybersecurity risks associated with our use of these providers which includes, depending on the vendor, nature of the services provided, and sensitivity of the Information Systems and Data at issue: different levels of assessment designed to help identify cybersecurity risks associated with the vendor, security questionnaires, review of security assessments, and imposition of contractual obligations related to cybersecurity.

For a description of the risks from cybersecurity threats that may materially affect the Company and how they may do so, see our risk factors under Part I. Item 1A. Risk Factors in this Annual Report on Form 10-K.
Cybersecurity Risk Management Positions or Committees Responsible [Flag] true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]
Our cybersecurity risk assessment and management processes are implemented and maintained by certain Company management, including our Chief Technology Officer (“CTO”), CISO, and Chief Information Officer (“CIO”), who have decades of experience in cybersecurity and information technology. Our CTO has extensive experience in computer science, and our CISO has extensive experience in computer security and enterprise data.
Company management, including the CTO, CISO, and CIO, is responsible for hiring appropriate personnel, helping to integrate cybersecurity risk considerations into the Company’s overall risk management strategy, and communicating key priorities to relevant personnel.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block] Our CTO has extensive experience in computer science, and our CISO has extensive experience in computer security and enterprise data.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]
Our cybersecurity risk assessment and management processes are implemented and maintained by certain Company management, including our Chief Technology Officer (“CTO”), CISO, and Chief Information Officer (“CIO”), who have decades of experience in cybersecurity and information technology. Our CTO has extensive experience in computer science, and our CISO has extensive experience in computer security and enterprise data.

Company management, including the CTO, CISO, and CIO, is responsible for hiring appropriate personnel, helping to integrate cybersecurity risk considerations into the Company’s overall risk management strategy, and communicating key priorities to relevant personnel. Management is also responsible for approving budgets for spending on cybersecurity, helping prepare for cybersecurity incidents, and approving cybersecurity processes.

Our cybersecurity incident response and vulnerability management processes are designed to escalate certain cybersecurity incidents to members of management depending on the circumstances, including to the CISO, CTO, and CIO, as appropriate. The CTO, CISO, and CIO work with the Company’s incident response team to help the Company mitigate and remediate such cybersecurity incidents. In addition, the Company’s incident response and vulnerability management processes include updates to the audit committee of the board of directors as appropriate.
The audit committee receives periodic reports from the CTO and/or CISO concerning the company’s significant cybersecurity threats and risk and the processes the Company has implemented to address them. The audit committee also receives various reports, summaries or presentations related to the Company’s cybersecurity threats, risk and mitigation. The audit committee will keep the full board of directors apprised of the company’s cybersecurity risk processes and significant developments related to cybersecurity.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] true
v3.25.1
Summary of Significant Accounting Policies (Policies)
 12 Months Ended
Jan. 31, 2025
Accounting Policies [Abstract]  
Basis of Presentation
Basis of Presentation

The accompanying consolidated financial statements have been prepared in accordance with United States (“U.S.”) generally accepted accounting principles (“U.S. GAAP” or “GAAP”), and applicable rules and regulations of the Securities and Exchange Commission (“SEC”). The consolidated financial statements include the results of PagerDuty, Inc., its wholly-owned subsidiaries, and subsidiaries in which the Company holds a controlling interest. All intercompany balances and transactions have been eliminated in consolidation. The Company’s fiscal year ends on January 31. References to fiscal 2025 refer to the fiscal year ended January 31, 2025.
Use of Estimates
Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make, on an ongoing basis, estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from these estimates. The Company’s most significant estimates and judgments involve the period of benefit for amortizing deferred contract costs, the determination of the fair value of acquired assets and assumed liabilities, stock-based compensation, redemption value of redeemable non-controlling interests, and estimates related to the Company’s revenue recognition, such as the assessment of performance obligations in the Company’s revenue arrangements and the fair value assigned to each performance obligation, among others. Management bases its estimates on historical experience and on various other assumptions which management believes to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities.
Segment Information
Segment Information
The Company manages its operations and allocates resources as one operating and reportable segment at the consolidated level. The Company’s chief operating decision maker (“CODM”) is its chief executive officer. The CODM uses consolidated net loss to measure segment profit or loss, allocate resources, make operating decisions, and assess performance through monitoring and evaluation of forecast versus actual results. Further, the CODM reviews and utilizes functional expenses (cost of revenue, sales and marketing, research and development, and general and administrative) at the consolidated level to manage the Company’s operations. Net loss is the Company’s primary measure of profit or loss. Significant expenses within net loss include cost of revenue, research and development, sales and marketing, and general and administrative, which each are separately presented on the consolidated statements of operations. Stock-based compensation expense is also a significant expense within net loss. Refer to Note 12. Common Stock and Stockholders’ Equity for additional information about the Company’s stock-based compensation expense. Other segment items include interest income, interest expense, gain on partial extinguishment of convertible senior notes, other expense, net, and (provision for) benefit from income taxes on the consolidated statements of operations.
Revenue Recognition, Deferred Revenue, Deferred Contract Costs, and Cost of Revenue
Revenue Recognition

The Company generates revenue primarily from cloud-hosted software subscription fees. The Company also generates revenue from term-license software subscription fees and professional services. Revenue recognized from professional services has historically been immaterial. Revenue is recognized when control of the license or service is transferred to its customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services. Revenue is recognized net of taxes invoiced to customers, which are subsequently remitted to governmental authorities.

The Company accounts for revenue contracts with customers by applying the requirements of Accounting Standards Codification (“ASC”) 606, Revenue Recognition (“ASC 606”), which includes the following steps: 

•Identification of the contract, or contracts, with a customer.
•Identification of the performance obligations in the contract.
•Determination of the transaction price.
•Allocation of the transaction price to the performance obligations in the contract.
•Recognition of revenue when, or as, the Company satisfies a performance obligation.

Cloud-hosted software subscriptions: The Company’s cloud-hosted software subscriptions allow customers to use its cloud-hosted software over the contract period without taking possession of the software. The Company’s cloud-hosted software subscription agreements generally have monthly or annual contractual terms. Revenue related to the Company’s cloud-hosted software subscriptions is recognized ratably over the related contractual term beginning on the date that the Company’s platform is made available to a customer. Access to the platform represents a series of distinct services as the Company continually provides access to, and fulfills its obligation to, the end customer over the subscription term. The series of distinct services represents a single performance obligation that is satisfied over time. The Company recognizes revenue ratably because the customer receives and consumes the benefits of the platform throughout the contract period.

Term-license software subscriptions: The Company’s term-license software subscriptions provide both an obligation to provide access to its on-premise software, which includes both open-source and proprietary features, as well as an obligation to provide support and maintenance. The Company’s term-license software subscription agreements generally have annual contractual terms. The Company accounts for the license to the software and support as two separate performance obligations. As the open-source software is publicly available at no cost to the customer, the Company has determined that there is no value to be assigned to the open-source software in the term-license software subscription arrangements. The proprietary software license represents a promise to provide a license to use functional intellectual property that is recognized at a point in time on the date access to the software is made available to the customer and the term-license software subscription period has begun. The Company has concluded the support is a stand-ready performance obligation that consists of a series of distinct services that are satisfied ratably over time as the services are provided. The Company uses a time-based output method to measure progress because efforts are expended evenly throughout the period given that the nature of the promise is a stand-ready service. The Company recognizes support revenue ratably, typically beginning on the start of the contractual term of the arrangement.

Cloud-hosted and term-license software subscriptions: In order to determine the stand-alone selling price for the cloud-hosted and term-license software subscriptions, the Company conducts a periodic analysis that requires judgment and considers multiple factors that are reasonably available, and maximizes the use of observable inputs that may vary over time depending upon the unique facts and circumstances related to each performance obligation. To have observable inputs, the Company requires that a substantial majority of the stand-alone selling prices for a product offering fall within a pricing range. If a directly observable stand-alone selling price does not exist, the Company estimates a stand-alone selling price range by reviewing external and internal market factor categories, which may include pricing practices, historical discounting, industry practices, service groups, and geographic considerations. Management believes that these analyses result in an estimate that approximates the price the Company would charge for the performance obligations if they were sold separately.

The Company’s cloud-hosted and term-license software subscription arrangements are generally non-cancellable and do not contain refund provisions. The Company bills for monthly cloud-hosted and term-license software subscriptions on a monthly basis and annually in advance for arrangements with terms of one year or more.
The price of the cloud-hosted and term-license software subscriptions is generally fixed at contract inception and therefore, the Company’s contracts do not contain a significant amount of variable consideration. As a result, the amount of revenue recognized in the periods presented from performance obligations satisfied (or partially satisfied) in previous periods due to changes in the transaction price was not material. The Company’s revenue excludes sales and other indirect taxes.
Deferred Revenue

The Company records contract liabilities to deferred revenue when amounts are invoiced in advance of performance. Deferred revenue consists of the unearned portion of customer billings. The Company’s payment terms generally provide for payment within 30 days of the invoice date. Amounts anticipated to be recognized within one year of the balance sheet date are recorded as deferred revenue, current, while the remaining portion is recorded as deferred revenue, non-current in the consolidated balance sheets.

The Company applied the practical expedient in ASC 606 and did not evaluate contracts of one year or less for the existence of a significant financing component. For contracts with terms of more than a year, the Company has determined its contracts generally do not include a significant financing component as the majority relate to contracts that are billed annually in advance. The primary purpose of the Company’s invoicing terms is to provide customers with simplified and predictable ways of purchasing the Company’s cloud-hosted software subscriptions, not to receive financing from its customers or to provide customers with financing.

Deferred Contract Costs

Deferred contract costs consist of sales commissions earned by the Company’s sales force which are considered incremental and recoverable costs of obtaining a contract with a customer. The Company determined that sales commissions that are related to contract renewals are not commensurate with commissions earned on the initial contract. Accordingly, sales commissions for initial contracts are deferred and then amortized on a straight-line basis over a period of benefit that the Company has determined to be four years. The Company determined the period of benefit by taking into consideration its customer contracts, technology, and other factors. Amounts anticipated to be recognized within one year of the balance sheet date are recorded as deferred contract costs, current, while the remaining portion is recorded as deferred contract costs, non-current in the consolidated balance sheets. Deferred contract costs are periodically reviewed for impairment. Amortization of deferred contract costs is included in sales and marketing expense in the consolidated statements of operations.
Cost of Revenue
Cost of revenue primarily consists of expenses related to providing the Company’s cloud- hosted software subscription to customers, including personnel expenses for operations and global support, payments to the Company’s third-party cloud infrastructure providers for hosting the Company’s software, payment processing fees, amortization of capitalized software costs, amortization of acquired developed technology, and allocated overhead costs for facilities, information technology, and other allocated overhead costs.
Accounts Receivable and Related Allowance for Credit Losses
Accounts Receivable and Related Allowance for Credit Losses
Accounts receivable are recorded at the invoiced amount, net of allowances for credit losses. The allowance is based upon historical loss patterns, customer credit quality, the age of each past due invoice, and an evaluation of the potential risk of loss associated with delinquent accounts. The allowance also reflects current market conditions and reasonable and supportable forecasts of future economic conditions.
Concentrations of Risk and Significant Customers
Concentrations of Risk and Significant Customers
The Company’s financial instruments that are exposed to concentrations of credit risk consist primarily of cash and cash equivalents, available-for-sale investments, and accounts receivable. All of the Company’s cash equivalents and investments are invested in money market funds, U.S. Treasury securities, commercial paper, corporate debt securities, or U.S. Government agency securities that management believes to be of high credit quality. The Company’s cash, cash equivalents, and available-for-sale investments are spread across several different financial institutions.
Foreign Currency Translation
Foreign Currency Translation

The functional currency for the large majority of the Company's foreign operations is the U.S. dollar, except for one subsidiary for which the local currency is the functional currency. When a consolidated entity’s functional currency is the local currency, the Company translates the foreign functional currency financial statements to U.S. dollars using the exchange rates at the balance sheet date for assets and liabilities, the period average exchange rates for revenue and expenses, and the historical exchange rates for equity. The effects of foreign currency translation adjustments are recorded in other comprehensive income as a component of stockholders’ equity and the related periodic movements are presented in the consolidated statements of comprehensive loss. Foreign currency transaction gains and losses are included in other income (expense), net, in the consolidated statements of operations in the period for which they relate. Realized foreign currency transaction gains and losses for the fiscal years ended January 31, 2025, 2024, and 2023 were not material.
Cash and Cash Equivalents
Cash and Cash Equivalents
Cash and cash equivalents consist of cash on hand, highly liquid investments with original maturities of three months or less from the date of purchase, and money market funds.
Investments
Investments

The Company’s investments are classified as available-for-sale and consist of highly liquid investments, primarily commercial paper, corporate debt securities, U.S. Government agency securities, and U.S. Treasury securities. The Company determines the appropriate classification of its investments at the time of purchase and reevaluates such designation at each balance sheet date.
The Company periodically evaluates its short-term investments to assess whether those with unrealized loss positions are impaired. The Company considers various factors in determining whether to recognize an impairment charge, including the extent to which the fair value is less than the Company’s cost basis, the financial condition of the issuer and any changes thereto, and the Company’s intent to sell, or whether it is more likely than not that the Company will be required to sell, the investment before recovery of the investment’s amortized cost. If the Company determines that the investment is impaired, an impairment loss is recognized in earnings equal to the difference between the investment’s amortized cost and fair value at such date. Realized gains and losses are reported in other income, net, in the consolidated statements of operations. No impairment charges have been recognized to date.

Available-for-sale investments
The Company classifies its available-for-sale investments, including those with stated maturities beyond 12 months, as short-term based on their highly liquid nature and because they represent the investment of cash that is available for current operations. In addition, the Company may sell these investments at any time for use in its current operations or for other purposes, even prior to maturity. The Company's available-for-sale investments are recorded at fair market value each reporting period. Unrealized gains and losses on these available-for-sale investments are reported as a separate component of accumulated other comprehensive income in the accompanying consolidated balance sheets until realized.
Restricted Cash
Restricted Cash
The Company has classified cash that is not available for use in its operations as restricted cash. Restricted cash consists of collateral for letters of credit related to security deposits for the Company’s office facility lease arrangements.
Property and Equipment, Net
Property and Equipment, Net

Property and equipment, net, is stated at cost less accumulated depreciation. Depreciation is recorded using the straight-line method over the estimated useful lives of the respective assets, which is generally three to five years. Leasehold improvements are depreciated over the shorter of the estimated useful lives of the assets or the lease term.
The Company periodically reviews the estimated lives of property and equipment. If the estimated useful life assumption is reduced for any asset, the remaining unamortized balance would be amortized or depreciated over the revised estimated useful life.
Research and Development Expense
Research and Development Expense

Research and development expenses consist primarily of personnel costs for the Company’s engineering, product, and design teams. Additionally, research and development expenses include contractor fees, depreciation of equipment used in research and development activities, acquisition-related expenses, and allocated overhead costs. Research and development costs are expensed as incurred.
Capitalized Software Costs
Capitalized Software Costs
The Company evaluates costs related to the development of its platform and certain projects for internal use incurred during the application development stage. Costs related to preliminary project activities and post-implementation activities are expensed as incurred and costs related to the application development stage are capitalized. Capitalized software is amortized on a straight-line basis over its estimated useful life, which is generally three years. Management evaluates the useful lives of these assets on an annual basis and tests for impairment whenever events or changes in circumstances occur that could impact the recoverability of these assets.
Business Combinations
Business Combinations
The Company applies the acquisition method of accounting for business combinations. Under this method of accounting, all assets acquired and liabilities assumed are recorded at their respective fair values at the date of the acquisition. Determining the fair value of assets acquired and liabilities assumed requires management’s judgment and often involves the use of significant estimates and assumptions. These estimates can include, but are not limited to, the cash flows that an asset is expected to generate in the future, the appropriate weighted-average cost of capital, and the cost savings expected to be derived from acquiring an asset.
Goodwill, Acquired Intangible Assets
Goodwill: Goodwill represents the excess purchase consideration of an acquired business over the fair value of the net tangible and identifiable intangible assets. Goodwill is evaluated for impairment annually in the fourth quarter, and whenever events or changes in circumstances indicate the carrying value of goodwill may not be recoverable. Triggering events that may indicate impairment include, but are not limited to, a significant adverse change in customer demand or business climate or a significant decrease in expected cash flows. No impairment charges were recorded during the fiscal years ended January 31, 2025, 2024, or 2023.

Acquired intangible assets: Acquired intangible assets consist of identifiable intangible assets, primarily developed technology and customer relationships, resulting from the Company’s business acquisitions. Intangible assets are recorded at fair value on the date of acquisition and amortized over their estimated useful lives.
Impairment of Long-Lived Assets
Impairment of long-lived assets: The Company reviews long-lived assets, including property and equipment, net, lease right-of-use assets, capitalized software, and acquired intangible assets for impairment when events or changes in circumstances indicate that the carrying value of these assets may not be recoverable or that the useful lives are shorter than originally estimated. The evaluation is performed at the asset group level, which is the lowest level of identifiable cash flows independent of other assets. Recoverability of these assets is measured by a comparison of the carrying amounts to the future undiscounted cash flows the assets or asset groups are expected to generate. If the carrying value of the assets or asset group is not recoverable, the impairment recognized is measured as the amount by which the carrying value exceeds its fair value. If the Company reduces the estimated useful life assumption for any asset, the remaining unamortized balance would be amortized or depreciated over the revised estimated useful life.
Advertising Costs
Advertising Costs
Advertising costs are expensed as incurred and are included in sales and marketing expense.
Stock-Based Compensation
Stock-Based Compensation

The Company recognizes compensation expense for all stock-based payment awards, including stock options, restricted stock units (“RSUs”) and performance and market stock units (“PSUs”), based on the estimated fair value of the award on the grant date.
The Company estimates the fair value of stock options issued to employees on the date of grant using the Black-Scholes option pricing model, which is impacted by the fair value of the Company’s common stock, as well as certain assumptions including the expected volatility over the term of the option awards, the expected term of the awards, risk-free interest rates and the expected dividend yield. Assumptions and estimates used in the determination of the fair value of stock options include expected volatility, expected term, risk-free rate, and expected dividend yield.

The Company estimates the fair value of RSUs at its stock price on the grant date.

The Company estimates the fair value of PSUs with performance conditions using the fair value at the date of grant. The fair value may be adjusted over the vesting period based on interim estimates of performance against the performance condition. The fair value for PSUs with market conditions is measured using a Monte Carlo simulation. Expense is recorded over the vesting period under the graded-vesting attribution method.

The Company estimates the fair value of shares to be issued under its employee stock purchase plan (the “ESPP”) on the first day of the offering period using the Black-Scholes valuation model, which is impacted by the fair value of the Company’s common stock, as well as certain assumptions including the expected volatility over the term of the offering period, the expected term of the awards, risk-free interest rates, and the expected dividend yield. Assumptions used in the determination of the fair value of awards issued under the ESPP are the same as those used in the determination of the fair value of the Company’s stock options.
The Company generally recognizes compensation expense for employee stock-based payment awards on a straight-line basis over the requisite service period (generally the vesting period of the award), with the exception of PSUs which are recognized using the accelerated attribution method. The Company accounts for forfeitures as they occur.
Income Taxes
Income Taxes

The Company accounts for income taxes using the asset and liability method. Under this method, the Company recognizes deferred income tax assets and liabilities for the expected future consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, as well as for net operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using the tax rates that are expected to apply to taxable income for the years in which those tax assets and liabilities are expected to be realized or settled. The Company recognizes the deferred income tax effects of a change in tax rates in the period of enactment.

The Company records a valuation allowance to reduce its deferred tax assets to the net amount that it believes is more likely than not to be realized. The Company considers all available evidence, both positive and negative, including historical levels of income, expectations and risks associated with estimates of future taxable income and ongoing tax planning strategies in assessing the need for a valuation allowance. Realization of its deferred tax assets is dependent primarily upon future U.S. taxable income.

The Company recognizes income tax benefits from uncertain tax positions only if it believes that it is more likely than not that the tax position will be sustained upon examination by the taxing authorities based on the technical merits of the position. The tax benefits recognized in the financial statements from such uncertain tax positions are then measured based on the largest benefit that has a greater than 50% likelihood of being realized upon settlement. Although the Company believes that it has adequately reserved for its uncertain tax positions (including net interest and penalties), it can provide no assurance that the final tax outcome of these matters will not be materially different. The Company makes adjustments to these reserves when facts and circumstances change, such as the closing of a tax audit or the refinement of an estimate. To the extent that the final tax outcome of these matters is different from the amounts recorded, such differences will affect the provision for income taxes in the period in which such determination is made and could have a material impact on its financial position, results of operations, and cash flows.
Net Loss Per Common Share
Net Loss Per Share

Basic net loss per share is computed by dividing net loss attributable to PagerDuty, Inc. common stockholders by the weighted-average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing net loss attributable to PagerDuty, Inc. common stockholders by the weighted-average number of shares of common stock outstanding during the period giving effect to all potentially dilutive securities to the extent they are dilutive. Diluted earnings per share attributable to common stockholders adjusts basic earnings per share for the potentially dilutive impact of stock-based awards as computed under the treasury stock method and convertible notes as computed under the if-converted method. Basic and diluted net loss per share of common stock were the same for each period presented as the inclusion of all potential shares of common stock outstanding would have been anti-dilutive.
Recently Adopted Accounting Standards and Recent Accounting Pronouncements Not Yet Adopted
Recently Adopted Accounting Standards

In November 2023, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. This ASU expands public entities’ segment disclosures by requiring disclosure of significant segment expenses that are regularly provided to the chief operating decision maker and included within each reported measure of segment profit or loss, an amount and description of its composition for other segment items, and interim disclosures of a reportable segment’s profit or loss and assets. All disclosure requirements under ASU 2023-07 are also required for public entities with a single reportable segment. The Company adopted this ASU in the current year, and applied it retrospectively to all periods presented in its consolidated financial statements herein. Refer to the disclosures above in the section titled “Segment Information” for further details.

Recent Accounting Pronouncements Not Yet Adopted

In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. This ASU requires disaggregated information about a reporting entity’s effective tax rate reconciliation as well as information on income taxes paid. This ASU is effective for fiscal years beginning after December 15, 2024. The Company is currently evaluating the impact of the new guidance on its consolidated financial statements.

In November 2024, the FASB issued ASU No. 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. In January 2025, the FASB issued ASU No. 2025-01 to clarify the effective date of ASU 2024-03. ASU 2024-03 requires that at each interim and annual reporting period, an entity discloses the amounts of certain expenses included in each relevant expense caption. The newly required expense disclosures include certain amounts that are already required to be disclosed under current GAAP in the same disclosure as the other disaggregation requirements. The amendment also requires that an entity discloses a qualitative description of the amounts remaining in relevant expense captions that are not separately disaggregated quantitatively and disclose the total amount of selling expenses and, in annual reporting periods, an entity’s definition of selling expenses. This ASU is effective for fiscal years beginning after December 15, 2026. The Company is currently evaluating the impact of the new guidance on its consolidated financial statements.

In November 2024, the FASB issued ASU No. 2024-04, Debt - Debt with Conversion and Other Options (Subtopic 470-20): Induced Conversion of Convertible Debt Instruments. This ASU clarifies the requirements for determining whether certain settlements of convertible debt instruments should be accounted for as an induced conversion. The amendments in this update are effective for all entities for annual reporting periods beginning after December 15, 2025. The Company is currently evaluating the impact of the new guidance on its consolidated financial statements.
Fair Value Measurements
The Company measures its financial assets and liabilities at fair value each reporting period using a fair value hierarchy that prioritizes the use of observable inputs and minimizes the use of unobservable inputs when measuring fair value. A financial instrument’s classification within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Three levels of inputs may be used to measure fair value, as follows:

Level 1—Valuations based on observable inputs that reflect quoted prices for identical assets or liabilities in active markets.
Level 2—Valuations based on inputs that are directly or indirectly observable in the marketplace.
Level 3—Valuations based on unobservable inputs that are supported by little or no market activity.
Operating Leases
Operating Leases

The Company has entered into various non-cancellable operating leases for its office spaces with lease periods expiring between fiscal 2026 and fiscal 2032. The operating lease agreements generally provide for rental payments on a graduated basis and for options to renew, which could increase future minimum lease payments if exercised.

Lease right-of-use assets and liabilities are recognized at the lease’s commencement date based on the present value of lease payments over the lease term. As the leases do not provide an implicit rate, the Company uses an incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments. The lease right-of-use assets also include any lease payments made and exclude lease incentives such as tenant improvement allowances.

The Company’s operating leases typically include non-lease components such as common-area maintenance costs. The Company has elected a practical expedient that allows it to include non-lease components with lease payments for the purpose of calculating lease right-of-use assets and liabilities, to the extent that they are fixed. Non-lease components that are not fixed are expensed as incurred as variable lease payments.
Leases with a term of one year or less are not recognized on the consolidated balance sheets. The Company recognizes lease expense for these leases on a straight-line basis over the lease term.
v3.25.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Jan. 31, 2025
Accounting Policies [Abstract]  
Schedule of Activity Related to Allowance for Doubtful Accounts
Activity related to the Company’s allowance for credit losses on accounts receivable was as follows (in thousands):

Balance as of January 31, 2023$2,014 
Charged to credit loss expense1,382 
Write-offs, net of recoveries(2,014)
Balance as of January 31, 2024$1,382 
Charged to credit loss expense1,071 
Write-offs, net of recoveries(1,350)
Balance as of January 31, 2025$1,103 
Schedule of Deferred Contract Costs
Activity related to the Company’s deferred contract costs was as follows (in thousands):

Balance as of January 31, 2023$46,389 
Additions to deferred contract costs18,799 
Amortization of deferred contract costs(20,568)
Balance as of January 31, 2024$44,620 
Additions to deferred contract costs22,454 
Amortization of deferred contract costs(22,008)
Balance as of January 31, 2025$45,066 
v3.25.1
Redeemable Non-Controlling Interest (Tables)
 12 Months Ended
Jan. 31, 2025
Noncontrolling Interest [Abstract]  
Schedule of Redeemable Noncontrolling Interest
The following table summarizes the activity in the redeemable non-controlling interest for the periods indicated (in thousands):

Year ended January 31,
20252024
Balance at beginning of period$7,293 $1,108 
Investment by redeemable non-controlling interest— 1,781 
Net loss attributable to redeemable non-controlling interest(801)(2,178)
Adjustments to redeemable non-controlling interest11,725 6,568 
Foreign currency translation adjustments— 14 
Balance at end of period$18,217 $7,293 
v3.25.1
Balance Sheet Components (Tables)
 12 Months Ended
Jan. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Cash and Cash Equivalents
Cash, cash equivalents, and investments consisted of the following as of the dates indicated (in thousands):

January 31,
20252024
Cash and cash equivalents:
Cash$47,523 $55,736 
Money market funds298,937 305,283 
Commercial paper— 994 
U.S. Treasury securities— 998 
Total cash and cash equivalents$346,460 $363,011 
Available-for-sale investments:
U.S. Treasury securities$58,665 $50,036 
Commercial paper7,446 2,886 
Corporate debt securities125,811 131,259 
U.S. Government agency securities32,444 23,997 
Total available-for-sale investments$224,366 $208,178 
Schedule of Available-for-sale Investments
Cash, cash equivalents, and investments consisted of the following as of the dates indicated (in thousands):

January 31,
20252024
Cash and cash equivalents:
Cash$47,523 $55,736 
Money market funds298,937 305,283 
Commercial paper— 994 
U.S. Treasury securities— 998 
Total cash and cash equivalents$346,460 $363,011 
Available-for-sale investments:
U.S. Treasury securities$58,665 $50,036 
Commercial paper7,446 2,886 
Corporate debt securities125,811 131,259 
U.S. Government agency securities32,444 23,997 
Total available-for-sale investments$224,366 $208,178 
Schedule of Carrying Value of Available-for-sale Investments
The following tables summarize the amortized cost, net unrealized gains (losses), and fair value of the Company’s investments by significant investment category as of the dates indicated (in thousands). Gross realized gains or losses from sales of available-for-sale securities were not material for the fiscal years ended January 31, 2025 and 2024.

January 31, 2025
Amortized CostUnrealized Gain (Loss), NetEstimated Fair Value
Available-for-sale investments:
U.S. Treasury securities$58,620 $45 $58,665 
Commercial paper7,446 — 7,446 
Corporate debt securities125,792 19 125,811 
U.S. Government agency securities32,441 3 32,444 
Total available-for-sale investments$224,299 $67 $224,366 
January 31, 2024
Amortized CostUnrealized Gain (Loss), NetEstimated Fair Value
Available-for-sale investments:
U.S. Treasury securities$50,012 $24 $50,036 
Commercial paper2,887 (1)2,886 
Corporate debt securities131,395 (136)131,259 
U.S. Government agency securities23,983 14 23,997 
Total available-for-sale investments$208,277 $(99)$208,178 
Schedule of Contractual Maturities of Available-for-sale Securities
The following tables present the Company’s available-for-sale securities by contractual maturity date as of January 31, 2025 and 2024 (in thousands):
January 31, 2025
Amortized CostFair Value
Due within one year$143,797 $143,944 
Due between one to five years80,502 80,422 
Total$224,299 $224,366 
January 31, 2024
Amortized CostFair Value
Due within one year$155,423 $155,158 
Due between one to five years52,854 53,020 
Total$208,277 $208,178 
Schedule of Property and Equipment, Net
Property and equipment, net consisted of the following as of the dates indicated (in thousands):

January 31,
20252024
Leasehold improvements$7,629 $11,334 
Computers and equipment7,511 9,135 
Furniture and fixtures3,936 3,989 
Capitalized software27,934 18,257 
Gross property and equipment (1)
47,010 42,715 
Accumulated depreciation and amortization (2)
(25,675)(25,083)
Property and equipment, net$21,335 $17,632 
______________
(1) Gross property and equipment includes construction-in-progress for leasehold improvements and capitalized software of $9.0 million and $4.2 million that had not yet been placed in service as of January 31, 2025 and January 31, 2024, respectively. The costs associated with construction-in-progress are not amortized until the asset is available for its intended use.
(2) In the year ended January 31, 2024, the Company recorded impairment charges to its leasehold improvements of $2.3 million which is described in more detail in Note 16. Restructuring Costs. The impairment charge was recorded in general and administrative expenses on the consolidated statement of operations.
Schedule of Accrued Expenses, Other Current Liabilities, and Accrued Compensation
Accrued expenses and other current liabilities consisted of the following as of the dates indicated (in thousands):

January 31,
20252024
Accrued professional fees$4,398 $4,483 
Accrued events1,908 1,773 
Accrued hosting and infrastructure2,390 1,843 
Accrued taxes3,255 1,007 
Accrued liabilities, other8,371 6,366 
Accrued expenses and other current liabilities$20,322 $15,472 
Accrued compensation consisted of the following as of the dates indicated (in thousands):

As of January 31,
20252024
Accrued bonuses$11,207 $7,568 
Accrued paid time off10,434 9,466 
Accrued commissions5,464 5,086 
Accrued compensation, other10,400 8,119 
Accrued compensation$37,505 $30,239 
v3.25.1
Fair Value Measurements (Tables)
 12 Months Ended
Jan. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Information about Company's Financial Assets
The following tables present information about the Company’s financial assets that are required to be measured or disclosed at fair value using the above input categories as of the dates indicated (in thousands):

January 31, 2025
Level 1Level 2Level 3Total
Money market funds$298,937 $— $— $298,937 
U.S. Treasury securities— 58,665 — 58,665 
Commercial paper— 7,446 — 7,446 
Corporate debt securities— 125,811 — 125,811 
U.S. Government agency securities— 32,444 — 32,444 
Total$298,937 $224,366 $— $523,303 
Included in cash equivalents$298,937 
Included in investments$224,366 
As of January 31, 2024
Level 1Level 2Level 3Total
Money market funds$305,283 $— $— $305,283 
U.S. Treasury securities— 51,034 — 51,034 
Commercial paper— 3,880 — 3,880 
Corporate debt securities— 131,259 — 131,259 
U.S. Government agency securities— 23,997 — 23,997 
Total$305,283 $210,170 $— $515,453 
Included in cash equivalents$307,275 
Included in investments$208,178 
v3.25.1
Business Combinations (Tables)
 12 Months Ended
Jan. 31, 2025
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Purchase Price Components
The purchase price consisted of the following (in thousands):

Cash$29,194 
Fair value of replacement stock options attributable to pre-combination service494 
Total purchase consideration$29,688 
Schedule of Allocation of Purchase Consideration
The following table presents the fair values of acquired assets and liabilities recorded in the Company’s consolidated balance sheet as of the acquisition date (in thousands):


Cash$5,123 
Accounts receivable384 
Prepaid expenses and other current assets101 
Intangible assets6,900 
Goodwill18,539 
Accrued expenses and other current liabilities(99)
Deferred revenue(1,094)
Other liabilities(30)
Deferred tax liability(136)
Total purchase consideration$29,688 
Schedule of Components of Identifiable Intangible Assets Acquired
The following table sets forth the components of identifiable intangible assets acquired (in thousands) and their estimated useful lives (in years) as of the date of acquisition:

Fair ValueUseful Life
Developed technology$6,400 5
Customer relationships400 10
Trademarks100 2
Total intangible assets$6,900 
v3.25.1
Goodwill and Acquired Intangible Assets (Tables)
 12 Months Ended
Jan. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Goodwill
The changes in the carrying amount of goodwill for the fiscal years ended January 31, 2025 and 2024 are as follows (in thousands):

Balance as of January 31, 2023
$118,862 
Goodwill resulting from business combination18,539 
Balance as of January 31, 2024
$137,401 
Goodwill resulting from business combination— 
Balance as of January 31, 2025
$137,401 
Schedule of Intangible Assets Subject to Amortization
Intangible assets subject to amortization consist of the following as of the dates indicated (in thousands, except weighted average remaining useful life):

January 31, 2025
CostAccumulated AmortizationNetWeighted Average Remaining Useful Life (Years)
Customer relationships$24,800 $(10,248)$14,552 5.9
Developed technology31,200 (24,927)6,273 3.1
Trademarks500 (460)40 0.8
Assembled workforce2,527 (2,527)— 0.0
Other intangibles, net$59,027 $(38,162)$20,865 5.1
January 31, 2024
CostAccumulated AmortizationNetWeighted Average Remaining Useful Life (Years)
Customer relationships$24,800 $(7,768)$17,032 6.9
Developed technology31,200 (16,128)15,072 2.7
Trademarks500 (410)90 1.8
Assembled workforce2,527 (2,105)422 0.3
Other intangibles, net$59,027 $(26,411)$32,616 4.9
Schedule of Expected Amortization Expense in Future Periods
As of January 31, 2025, expected amortization expense in future periods is as follows (in thousands):

Year ending January 31,
2026$5,217 
20273,760 
20283,760 
20293,493 
20302,480 
Thereafter2,155 
Total expected future amortization expense$20,865 
v3.25.1
Leases (Tables)
 12 Months Ended
Jan. 31, 2025
Leases [Abstract]  
Schedule of Information About Lease on Condensed Consolidated Balance Sheet
The following table presents information about leases on the consolidated balance sheets as of the dates indicated (in thousands):

January 31,
20252024
Assets:
Lease right-of-use assets$6,806 $3,789 
Liabilities:
Lease liabilities, current3,307 6,180 
Lease liabilities, non-current9,637 6,809 
Schedule of Information About Leases on Condensed Consolidated Statement of Operations and Supplemental Cash Flow Information
The following table presents information about leases on the consolidated statements of operations for the periods indicated (in thousands):
Year ended January 31,
202520242023
Operating lease expense$3,067 $4,736 $5,651 
Short-term lease expense2,261 1,856 1,842 
Variable lease expense937 1,149 1,363 
The following table presents supplemental cash flow information about the Company’s leases for the periods indicated (in thousands):

Year ended January 31,
202520242023
Cash paid for amounts included in the measurement of lease liabilities$6,647 $6,557 $7,025 
New operating lease right-of-use assets obtained in exchange for lease liabilities
$6,111 $349 $— 
Schedule of Remaining Maturities of Lease Liabilities
As of January 31, 2025, remaining maturities of lease liabilities are as follows (in thousands):

Year ended January 31,
2026$3,849 
20274,047 
20284,172 
20291,974 
203081 
Thereafter— 
Gross lease payments$14,123 
Less: imputed interest(1,179)
Total lease liabilities$12,944 
v3.25.1
Debt and Financing Arrangements (Tables)
 12 Months Ended
Jan. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Net Carrying Amount of Liability and Equity Components of Convertible Notes
The net carrying amount of the Notes was as follows as of the dates indicated (in thousands):

As of January 31, 2025As of January 31, 2024
2025 Notes2028 NotesTotal2025 Notes2028 NotesTotal
Principal$57,500 $402,500 $460,000 $57,500 $402,500 $460,000 
Unamortized issuance costs(74)(9,218)(9,292)(597)(11,373)(11,970)
Net carrying amount$57,426 $393,282 $450,708 $56,903 $391,127 $448,030 

Interest expense recognized related to the Notes was as follows for the periods indicated (in thousands):

Year ended January 31,
202520242023
Contractual interest expense$6,629 $4,422 $3,594 
Amortization of debt issuance costs2,629 2,078 1,839 
Total interest expense related to the Notes$9,258 $6,500 $5,433 
v3.25.1
Commitment and Contingencies (Tables)
 12 Months Ended
Jan. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Contractual Obligation, Fiscal Year Maturity
The Company’s contractual obligations are as follows for the periods presented (in thousands):

Purchase Commitments(1)
Senior Convertible Notes(2)
Total
Year ended January 31,
2026$33,188 $63,897 $97,085 
202722,228 6,038 28,266 
202816,334 6,038 22,372 
2029264 408,538 408,802 
2030— — — 
Thereafter— — — 
Total contractual obligations$72,014 $484,511 $556,525 
(1) Primarily relates to contractual third-party services.
(2) Includes principal and interest payments. For more information regarding the Company’s convertible senior notes, refer to Note 9. Debt and Financing Arrangements.
v3.25.1
Deferred Revenue and Remaining Performance Obligations (Tables)
 12 Months Ended
Jan. 31, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Deferred Revenue
The following table presents the changes to the Company’s deferred revenue for the periods indicated (in thousands):
Year ended January 31,
202520242023
Deferred revenue, beginning of period$228,161 $209,051 $170,224 
Billings485,090 448,715 408,764 
Deferred revenue assumed in business combinations— 1,094 856 
Revenue recognized(467,499)(430,699)(370,793)
Deferred revenue, end of period$245,752 $228,161 $209,051 
v3.25.1
Common Stock and Stockholders' Equity (Tables)
 12 Months Ended
Jan. 31, 2025
Equity [Abstract]  
Schedule of Shares of Common Stock Reserved for Future Issuance
Shares of common stock reserved for future issuance as of the end of the period noted are as follows:

January 31, 2025
Outstanding stock options and unvested RSUs and PSUs12,879,148 
Available for future stock option, RSU, and PSU grants20,028,092 
Available for ESPP3,795,079 
Total common stock reserved for future issuance36,702,319 
Schedule of Stock Option Activity
A summary of the Company’s stock option activity and related information is as follows:

Number of sharesWeighted Average Exercise PriceWeighted Average Remaining Contractual Term (Years)Aggregate Intrinsic Value (in thousands)
Outstanding at January 31, 20244,875,025 $10.29 4.4$68,151 
Granted— $— 
Exercised(620,106)$6.97 
Forfeited or canceled(34,287)$24.17 
Outstanding at January 31, 20254,220,632 $10.67 3.2$37,041 
Vested and exercisable as of January 31, 20254,183,325 $10.47 3.1$36,997 
Schedule of Assumptions Used to Calculate Fair Value of Employee Stock Option Grants Made The following assumptions were used to calculate the fair value of the Company’s stock options granted to employees during the periods indicated:
Year ended January 31,
20242023
Expected dividend yield— — 
Expected volatility55.0 %
47.1%
Expected term (years)5.26.1
Risk-free interest rate
4.50% - 4.60%
 2.50%
Schedule of Restricted Stock Unit Activity
A summary of the Company’s RSU activity and related information is as follows:
Number of RSUsWeighted Average Grant Date Fair Value Per Share
Outstanding at January 31, 20247,412,056 $31.08 
Granted4,831,482 $20.73 
Vested(3,906,967)$30.24 
Forfeited or canceled(1,221,607)$29.61 
Outstanding at January 31, 20257,114,964 $24.78 
Schedule of Assumptions Used to Calculate Fair Value of Shares to be Granted Under the ESPP
The following assumptions were used to calculate the fair value of shares to be granted under the ESPP during the periods indicated:

Year ended January 31,
202520242023
Expected dividend yield— — — 
Expected volatility
38.4% - 51.9%
35.8% - 60.1%
44.1% - 65.6%
Expected term (years)
0.5 - 2.0
0.5 - 2.0
0.5 - 2.0
Risk-free interest rate
4.20% - 5.32%
0.69% - 5.29%
0.11% - 4.62%
Schedule of Stock-based Compensation Expense
Stock-based compensation expense included in the Company’s consolidated statements of operations was as follows for the periods indicated (in thousands):

Year ended January 31,
202520242023
Cost of revenue$5,984 $7,586 $6,827 
Research and development44,691 44,800 39,012 
Sales and marketing31,185 30,345 29,804 
General and administrative44,350 44,421 34,264 
Total$126,210 $127,152 $109,907 
Schedule of Share-based Payment Arrangement, Performance Shares, Activity
A summary of the Company’s PSU activity and related information is as follows:

Number of PSUsWeighted Average Grant Date Fair Value Per Share
Outstanding at January 31, 2024541,992 $35.08 
Granted(1)
781,813 $21.62 
Vested(9,050)$41.17 
Forfeited or canceled(65,182)$35.64 
Performance adjustment for 2023 PSU Awards(487,834)$41.88 
Outstanding at January 31, 2025761,739 $21.62 
(1)This amount represents awards granted at 100% attainment.
v3.25.1
Net Loss per Share (Tables)
 12 Months Ended
Jan. 31, 2025
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Net Loss Per Share
The following table presents the calculation of basic and diluted net loss per share attributable to PagerDuty, Inc. common stockholders for the periods indicated (in thousands, except number of shares and per share data):

As of January 31,
202520242023
Numerator:
Net loss attributable to PagerDuty, Inc.$(42,735)$(75,189)$(128,423)
Less: Adjustment attributable to redeemable non-controlling interest11,725 6,568 — 
Net loss attributable to PagerDuty, Inc. common stockholders$(54,460)$(81,757)$(128,423)
Denominator:
Weighted average shares used in calculating net loss per share, basic and diluted (in thousands)92,000 92,341 88,721 
Net loss per share, basic and diluted, attributable to PagerDuty, Inc. common stockholders$(0.59)$(0.89)$(1.45)
Schedule of Anti-dilutive Securities That Were Not Included in Diluted Per Share Calculations
Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows (in thousands):

As of January 31,
202520242023
Shares subject to outstanding common stock awards12,097 12,829 14,989 
Restricted stock issued to acquire key personnel    — 25 63 
Shares issuable pursuant to the ESPP103 105 106 
Total
12,200 12,959 15,158 
v3.25.1
Income Taxes (Tables)
 12 Months Ended
Jan. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Loss Before Income Taxes
The components of loss before income taxes were as follows for the periods indicated (in thousands):

Year ended January 31,
202520242023
Domestic$(44,009)$(75,375)$(130,971)
Foreign2,256 (2,004)907 
Loss before (provision for) benefit from income taxes$(41,753)$(77,379)$(130,064)
Schedule of Provision for Income Taxes
The components of the provision for (benefit from) income tax were as follows for the periods indicated (in thousands):

Year ended January 31,
202520242023
Current:
Federal$433 $— $— 
State437 117 — 
Foreign999 466 267 
Total current tax expense$1,869 $583 $267 
Deferred:
Federal$— $(97)$(794)
State— (39)(536)
Foreign(86)(459)224 
Total deferred tax expense$(86)$(595)$(1,106)
Provision for (benefit from) income taxes$1,783 $(12)$(839)
Schedule of Reconciliation of Provision for Income Taxes
A reconciliation of the Company’s recorded provision for (benefit from) income tax to the amount of taxes computed at the U.S. statutory rate was as follows for the periods indicated (in thousands):

Year ended January 31,
202520242023
Income taxes computed at U.S. federal statutory rate$(8,768)$(16,249)$(27,313)
State taxes, net of federal benefit1,075 (2,029)(5,044)
Stock-based compensation14,760 8,695 554 
Foreign rate differential419 428 300 
Tax credits, net of FIN48 reserves(1,460)(1,956)(1,789)
Change in valuation allowance(4,605)10,169 31,350 
Foreign-derived intangible income benefit(1,039)— — 
Other1,401 930 1,103 
Provision for (benefit from) income taxes$1,783 $(12)$(839)
Schedule of Deferred Tax Assets and Liabilities
Significant components of the Company’s deferred tax assets and liabilities were as follows as of the periods indicated (in thousands):

January 31,
20252024
Deferred tax assets:
Net operating losses$110,076 $122,343 
Capitalized research and development costs46,543 34,757 
Allowances and accruals8,067 7,374 
Stock-based compensation9,306 11,096 
Charitable contributions74 3,983 
Tax credits15,032 14,704 
Lease liabilities2,947 3,262 
Other457 1,311 
Gross deferred tax assets$192,502 $198,830 
Less: valuation allowance(172,538)(177,078)
Net deferred tax assets$19,964 $21,752 
Deferred tax liabilities:
Deferred commissions$(11,067)$(11,565)
Intangible assets(9,353)(11,357)
Lease assets(1,445)(958)
Other(582)(448)
Gross deferred tax liabilities$(22,447)$(24,328)
Net deferred tax liabilities$(2,483)$(2,576)
Schedule of Activity Related to Unrecognized Tax Benefits
The following table summarizes the activity related to the Company’s unrecognized tax benefits for the periods indicated (in thousands):
Year ended January 31,
202520242023
Balance at beginning of period$9,065 $7,723 $6,190 
Additions related to prior years— 110 85 
Reductions related to prior years(87)(192)(18)
Additions related to current year1,297 1,424 1,304 
Additions related to acquired positions— — 162 
Balance at end of period$10,275 $9,065 $7,723 
v3.25.1
Geographic Information (Tables)
 12 Months Ended
Jan. 31, 2025
Segment Reporting [Abstract]  
Schedule of Disaggregation of Revenue By Geographic Location
Revenue by location is generally determined by the billing address of the customer. The following table sets forth revenue by geographic area for the periods indicated (in thousands):
Year ended January 31,
202520242023
United States$337,580 $312,165 $283,266 
International129,919 118,534 87,527 
Total$467,499 $430,699 $370,793 
v3.25.1
Summary of Significant Accounting Policies - Narrative (Details)
 12 Months Ended
Jan. 31, 2025
USD ($)
segment
performanceObligation
Jan. 31, 2024
USD ($)
Jan. 31, 2023
USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Number of operating segments | segment 1    
Number of reportable segments | segment 1    
Number of performance obligations | performanceObligation 2    
Payment terms, period post invoice date (in days) 30 days    
Amortization period for sales commissions for initial contracts that are deferred (in years) 4 years    
Amortization of deferred contract costs $ 22,008,000 $ 20,568,000 $ 19,247,000
Impairment loss in relation to costs capitalized 0 0 0
Impairment loss recorded 0    
Restricted cash in other long-term assets 1,868,000 3,656,000 0
Accounts receivable 107,350,000 100,413,000  
Capitalized software costs 9,700,000 7,300,000 4,800,000
Impairment on goodwill and intangible assets 0 0 0
Advertising costs 9,100,000 9,700,000 $ 7,300,000
Director      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Accounts receivable 4,000,000 3,800,000  
Revenues $ 3,600,000 $ 3,300,000  
Internal-Use Software Costs      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Estimated useful lives of respective property and equipment assets (in years) 3 years    
Minimum      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Estimated useful lives of respective property and equipment assets (in years) 3 years    
Maximum      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Estimated useful lives of respective property and equipment assets (in years) 5 years    
v3.25.1
Summary of Significant Accounting Policies - Activity Related to Allowance for Doubtful Accounts (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2025
Jan. 31, 2024
Accounts Receivable, Allowance for Credit Loss [Roll Forward]    
Balance as of beginning of period $ 1,382 $ 2,014
Charged to credit loss expense 1,071 1,382
Write-offs, net of recoveries (1,350) (2,014)
Balance as of end of period $ 1,103 $ 1,382
v3.25.1
Summary of Significant Accounting Policies - Rollforward of Deferred Contract Costs (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 2023
Increase (Decrease) in Capitalized Contract Costs [Roll Forward]      
Balance as of beginning of period $ 44,620 $ 46,389  
Additions to deferred contract costs 22,454 18,799  
Amortization of deferred contract costs (22,008) (20,568) $ (19,247)
Balance as of end of period $ 45,066 $ 44,620 $ 46,389
v3.25.1
Redeemable Non-Controlling Interest - Narrative (Details)
 1 Months Ended
May 31, 2022
Variable Interest Entity, Primary Beneficiary  
Noncontrolling Interest [Line Items]  
Ownership percentage 51.00%
v3.25.1
Redeemable Non-Controlling Interest - Summary of Activity (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 2023
Redeemable Non-Controlling Interest [Roll Forward]      
Balance at beginning of period $ 7,293 $ 1,108  
Investment by redeemable non-controlling interest 0 1,781  
Net loss attributable to redeemable non-controlling interest (801) (2,178) $ (802)
Adjustments to redeemable non-controlling interest 11,725 6,568  
Foreign currency translation adjustments 0 14 2
Balance at end of period $ 18,217 $ 7,293 $ 1,108
v3.25.1
Balance Sheet Components - Components of Cash and Cash Equivalents and Investments (Details) - USD ($)
$ in Thousands
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 2023
Cash and cash equivalents:      
Cash $ 47,523 $ 55,736  
Money market funds 298,937 305,283  
Commercial paper 0 994  
U.S. Treasury securities 0 998  
Total cash and cash equivalents 346,460 363,011 $ 274,019
Available-for-sale investments:      
Total available-for-sale investments 224,366 208,178  
U.S. Treasury securities      
Available-for-sale investments:      
Total available-for-sale investments 58,665 50,036  
Commercial paper      
Available-for-sale investments:      
Total available-for-sale investments 7,446 2,886  
Corporate debt securities      
Available-for-sale investments:      
Total available-for-sale investments 125,811 131,259  
U.S. Government agency securities      
Available-for-sale investments:      
Total available-for-sale investments $ 32,444 $ 23,997  
v3.25.1
Balance Sheet Components - Carrying Value of Investments (Details) - USD ($)
$ in Thousands
Jan. 31, 2025
Jan. 31, 2024
Available-for-sale investments:    
Amortized Cost $ 224,299 $ 208,277
Unrealized Gain (Loss), Net 67 (99)
Estimated Fair Value 224,366 208,178
U.S. Treasury securities    
Available-for-sale investments:    
Amortized Cost 58,620 50,012
Unrealized Gain (Loss), Net 45 24
Estimated Fair Value 58,665 50,036
Commercial paper    
Available-for-sale investments:    
Amortized Cost 7,446 2,887
Unrealized Gain (Loss), Net 0 (1)
Estimated Fair Value 7,446 2,886
Corporate debt securities    
Available-for-sale investments:    
Amortized Cost 125,792 131,395
Unrealized Gain (Loss), Net 19 (136)
Estimated Fair Value 125,811 131,259
U.S. Government agency securities    
Available-for-sale investments:    
Amortized Cost 32,441 23,983
Unrealized Gain (Loss), Net 3 14
Estimated Fair Value $ 32,444 $ 23,997
v3.25.1
Balance Sheet Components - Contractual Maturity (Details) - USD ($)
$ in Thousands
Jan. 31, 2025
Jan. 31, 2024
Amortized Cost    
Due within one year $ 143,797 $ 155,423
Due between one to five years 80,502 52,854
Amortized Cost 224,299 208,277
Fair Value    
Due within one year 143,944 155,158
Due between one to five years 80,422 53,020
Fair Value $ 224,366 $ 208,178
v3.25.1
Balance Sheet Components - Additional Information (Details)
 12 Months Ended
Jan. 31, 2025
USD ($)
day
security
Jan. 31, 2024
USD ($)
security
Jan. 31, 2023
USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]      
Securities in an unrealized loss position | security 49 70  
Securities in unrealized loss position $ 77,200,000 $ 108,700,000  
Securities in a continuous net loss position for 12 months or longer 1 33  
Securities in continuous unrealized loss position for more than 12 months $ 0 $ 200,000  
Impairment loss recorded 0    
Depreciation and amortization 8,600,000 8,200,000 $ 6,800,000
Capitalized software $ 17,700,000 $ 13,100,000  
v3.25.1
Balance Sheet Components - Property and Equipment, Net (Details) - USD ($)
$ in Thousands
 1 Months Ended 12 Months Ended
Jan. 31, 2024
Jul. 31, 2023
Jan. 31, 2024
Jan. 31, 2025
Property, Plant and Equipment [Line Items]        
Accumulated depreciation and amortization $ (25,083)   $ (25,083) $ (25,675)
Property and equipment, net 17,632   17,632 21,335
Impairment of leasehold 1,900   2,300  
Depreciable Property, Plant and Equipment        
Property, Plant and Equipment [Line Items]        
Gross property and equipment 42,715   42,715 47,010
Leasehold improvements        
Property, Plant and Equipment [Line Items]        
Gross property and equipment 11,334   11,334 7,629
Impairment of leasehold   $ 400    
Computers and equipment        
Property, Plant and Equipment [Line Items]        
Gross property and equipment 9,135   9,135 7,511
Furniture and fixtures        
Property, Plant and Equipment [Line Items]        
Gross property and equipment 3,989   3,989 3,936
Capitalized software        
Property, Plant and Equipment [Line Items]        
Gross property and equipment 18,257   18,257 27,934
Construction-in-progress        
Property, Plant and Equipment [Line Items]        
Gross property and equipment $ 4,200   $ 4,200 $ 9,000
v3.25.1
Balance Sheet Components Balance Sheet Components - Components of Accrued Expenses and Other Current Liabilities (Details) - USD ($)
$ in Thousands
Jan. 31, 2025
Jan. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Accrued professional fees $ 4,398 $ 4,483
Accrued events 1,908 1,773
Accrued hosting and infrastructure 2,390 1,843
Accrued taxes 3,255 1,007
Accrued liabilities, other 8,371 6,366
Accrued expenses and other current liabilities $ 20,322 $ 15,472
v3.25.1
Balance Sheet Components Balance Sheet Components - Components of Accrued Compensation (Details) - USD ($)
$ in Thousands
Jan. 31, 2025
Jan. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Accrued bonuses $ 11,207 $ 7,568
Accrued paid time off 10,434 9,466
Accrued commissions 5,464 5,086
Accrued compensation, other 10,400 8,119
Accrued expenses and other current liabilities $ 37,505 $ 30,239
v3.25.1
Fair Value Measurements (Details) - USD ($)
$ in Thousands
Jan. 31, 2025
Jan. 31, 2024
Oct. 13, 2023
Jun. 25, 2020
Convertible Senior Notes        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Stated interest rate     1.50% 1.25%
2025 Notes | Convertible Senior Notes        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Stated interest rate 1.25%      
2028 Notes | Convertible Senior Notes        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Stated interest rate 1.50%      
Recurring        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Money market funds $ 298,937 $ 307,275    
Investments 224,366 208,178    
Total 523,303 515,453    
Recurring | U.S. Treasury securities        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Investments 58,665 51,034    
Recurring | Commercial paper        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Investments 7,446 3,880    
Recurring | Corporate debt securities        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Investments 125,811 131,259    
Recurring | U.S. Government agency securities        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Investments 32,444 23,997    
Recurring | Money market funds        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Money market funds 298,937 305,283    
Recurring | Level 1        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Total 298,937 305,283    
Recurring | Level 1 | U.S. Treasury securities        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Investments 0 0    
Recurring | Level 1 | Commercial paper        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Investments 0 0    
Recurring | Level 1 | Corporate debt securities        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Investments 0 0    
Recurring | Level 1 | U.S. Government agency securities        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Investments 0 0    
Recurring | Level 1 | Money market funds        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Money market funds 298,937 305,283    
Recurring | Level 2        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Total 224,366 210,170    
Recurring | Level 2 | 2025 Notes        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Fair value of convertible senior notes 55,800      
Recurring | Level 2 | 2028 Notes        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Fair value of convertible senior notes 394,300      
Recurring | Level 2 | U.S. Treasury securities        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Investments 58,665 51,034    
Recurring | Level 2 | Commercial paper        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Investments 7,446 3,880    
Recurring | Level 2 | Corporate debt securities        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Investments 125,811 131,259    
Recurring | Level 2 | U.S. Government agency securities        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Investments 32,444 23,997    
Recurring | Level 2 | Money market funds        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Money market funds 0 0    
Recurring | Level 3        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Total 0 0    
Recurring | Level 3 | U.S. Treasury securities        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Investments 0 0    
Recurring | Level 3 | Commercial paper        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Investments 0 0    
Recurring | Level 3 | Corporate debt securities        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Investments 0 0    
Recurring | Level 3 | U.S. Government agency securities        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Investments 0 0    
Recurring | Level 3 | Money market funds        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Money market funds $ 0 $ 0    
v3.25.1
Business Combinations - Additional Information (Details)
 12 Months Ended
Nov. 15, 2023
USD ($)
Jan. 31, 2025
USD ($)
business
Jan. 31, 2024
business
Business Acquisition [Line Items]      
Number of business combinations | business   0 0
RSUs      
Business Acquisition [Line Items]      
Fair value at date of grant $ 7,000,000    
Vesting period (in years) 4 years    
Jeli Inc      
Business Acquisition [Line Items]      
Percentage of voting interests acquired (as a percent) 100.00%    
Purchase consideration $ 29,688,000    
Tax deductible goodwill   $ 0  
Cash held back $ 1,400,000    
Service period (in years) 1 year 6 months    
Payment for contingent consideration liability $ 400,000    
Fair value of equity interests issued and issuable $ 494,000    
v3.25.1
Business Combinations - Allocation of Purchase Price (Details) - Jeli Inc
$ in Thousands
Nov. 15, 2023
USD ($)
Business Acquisition [Line Items]  
Cash $ 29,194
Fair value of replacement stock options attributable to pre-combination service 494
Total purchase consideration $ 29,688
v3.25.1
Business Combinations - Allocation of Purchase Consideration (Details) - USD ($)
$ in Thousands
Jan. 31, 2025
Jan. 31, 2024
Nov. 15, 2023
Jan. 31, 2023
Business Acquisition [Line Items]        
Goodwill $ 137,401 $ 137,401   $ 118,862
Jeli Inc        
Business Acquisition [Line Items]        
Cash     $ 5,123  
Accounts receivable     384  
Prepaid expenses and other current assets     101  
Intangible assets     6,900  
Goodwill     18,539  
Accrued expenses and other current liabilities     (99)  
Deferred revenue     (1,094)  
Other liabilities     (30)  
Deferred tax liability     (136)  
Total purchase consideration     $ 29,688  
v3.25.1
Business Combinations - Components of Identifiable Intangible Assets Acquired (Details) - USD ($)
$ in Thousands
Jan. 31, 2025
Jan. 31, 2024
Nov. 15, 2023
Acquired Finite-Lived Intangible Assets [Line Items]      
Fair Value $ 59,027 $ 59,027  
Jeli Inc      
Acquired Finite-Lived Intangible Assets [Line Items]      
Fair Value     $ 6,900
Developed technology      
Acquired Finite-Lived Intangible Assets [Line Items]      
Fair Value 31,200 31,200  
Developed technology | Jeli Inc      
Acquired Finite-Lived Intangible Assets [Line Items]      
Fair Value     $ 6,400
Useful life (in years)     5 years
Customer relationships      
Acquired Finite-Lived Intangible Assets [Line Items]      
Fair Value 24,800 24,800  
Customer relationships | Jeli Inc      
Acquired Finite-Lived Intangible Assets [Line Items]      
Fair Value     $ 400
Useful life (in years)     10 years
Trademarks      
Acquired Finite-Lived Intangible Assets [Line Items]      
Fair Value $ 500 $ 500  
Trademarks | Jeli Inc      
Acquired Finite-Lived Intangible Assets [Line Items]      
Fair Value     $ 100
Useful life (in years)     2 years
v3.25.1
Goodwill and Acquired Intangible Assets - Changes in Carrying Amount of Goodwill (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2025
Jan. 31, 2024
Goodwill [Roll Forward]    
Balance as of Beginning of period $ 137,401 $ 118,862
Goodwill resulting from business combination 0 18,539
Balance as of end of period $ 137,401 $ 137,401
v3.25.1
Goodwill and Acquired Intangible Assets - Schedule of Intangible Assets Subject to Amortization (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2025
Jan. 31, 2024
Finite-Lived Intangible Assets [Line Items]    
Fair Value $ 59,027 $ 59,027
Accumulated Amortization (38,162) (26,411)
Net $ 20,865 $ 32,616
Weighted Average Remaining Useful Life (Years) 5 years 1 month 6 days 4 years 10 months 24 days
Customer relationships    
Finite-Lived Intangible Assets [Line Items]    
Fair Value $ 24,800 $ 24,800
Accumulated Amortization (10,248) (7,768)
Net $ 14,552 $ 17,032
Weighted Average Remaining Useful Life (Years) 5 years 10 months 24 days 6 years 10 months 24 days
Developed technology    
Finite-Lived Intangible Assets [Line Items]    
Fair Value $ 31,200 $ 31,200
Accumulated Amortization (24,927) (16,128)
Net $ 6,273 $ 15,072
Weighted Average Remaining Useful Life (Years) 3 years 1 month 6 days 2 years 8 months 12 days
Trademarks    
Finite-Lived Intangible Assets [Line Items]    
Fair Value $ 500 $ 500
Accumulated Amortization (460) (410)
Net $ 40 $ 90
Weighted Average Remaining Useful Life (Years) 9 months 18 days 1 year 9 months 18 days
Assembled Workforce    
Finite-Lived Intangible Assets [Line Items]    
Fair Value $ 2,527 $ 2,527
Accumulated Amortization (2,527) (2,105)
Net $ 0 $ 422
Weighted Average Remaining Useful Life (Years) 0 years 3 months 18 days
v3.25.1
Goodwill and Acquired Intangible Assets - Additional Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]      
Amortization expense related to intangible assets $ 11.8 $ 11.5 $ 10.2
v3.25.1
Goodwill and Acquired Intangible Assets - Schedule of Expected Amortization Expense in Future Periods (Details) - USD ($)
$ in Thousands
Jan. 31, 2025
Jan. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]    
2026 $ 5,217  
2027 3,760  
2028 3,760  
2029 3,493  
2030 2,480  
Thereafter 2,155  
Net $ 20,865 $ 32,616
v3.25.1
Leases - Information About Lease on Condensed Consolidated Balance Sheet (Details) - USD ($)
$ in Thousands
Jan. 31, 2025
Jan. 31, 2024
Assets    
Lease right-of-use assets $ 6,806 $ 3,789
Liabilities:    
Lease liabilities, current 3,307 6,180
Lease liabilities, non-current $ 9,637 $ 6,809
v3.25.1
Leases - Additional Information (Details) - USD ($)
$ in Thousands
 1 Months Ended 12 Months Ended
Jan. 31, 2024
Jul. 31, 2023
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 2023
Jun. 30, 2023
Leases [Abstract]            
Remaining lease term           1 year
Weighted average remaining lease term (in years) 3 years 2 months 12 days   3 years 6 months 3 years 2 months 12 days    
Weighted average discount rate (as a percent) 3.80%   5.20% 3.80%    
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Line Items]            
Impairment of property and equipment, net and right-of-use assets $ 7,200 $ 1,200 $ 0 $ 8,368 $ 0  
Impairment charges     $ 0   $ 0  
Operating lease, term of contract (in years)     92 months      
2026     $ 3,849      
2027     4,047      
2028     4,172      
2029     1,974      
2030     81      
Thereafter     0      
Atlanta and San Francisco            
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Line Items]            
Impairment of property and equipment, net and right-of-use assets       $ 6,100    
Atlanta            
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Line Items]            
2026     300      
2027     400      
2028     400      
2029     400      
2030     400      
Thereafter     $ 1,300      
v3.25.1
Leases - Information About Leases on Condensed Consolidated Statement of Operations (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 2023
Leases [Abstract]      
Operating lease expense $ 3,067 $ 4,736 $ 5,651
Short-term lease expense 2,261 1,856 1,842
Variable lease expense $ 937 $ 1,149 $ 1,363
v3.25.1
Leases - Supplemental Cash Flow Information (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 2023
Leases [Abstract]      
Cash paid for amounts included in the measurement of lease liabilities $ 6,647 $ 6,557 $ 7,025
New operating lease right-of-use assets obtained in exchange for lease liabilities $ 6,111 $ 349 $ 0
v3.25.1
Leases - Schedule of Remaining Maturities of Lease Liabilities (Details)
$ in Thousands
Jan. 31, 2025
USD ($)
Leases [Abstract]  
2026 $ 3,849
2027 4,047
2028 4,172
2029 1,974
2030 81
Thereafter 0
Gross lease payments 14,123
Less: imputed interest (1,179)
Total lease liabilities $ 12,944
v3.25.1
Debt and Financing Arrangements - Additional Information (Details)
$ / shares in Units, shares in Millions
 1 Months Ended 12 Months Ended
Oct. 31, 2023
USD ($)
day
$ / shares
shares
Oct. 13, 2023
USD ($)
Jun. 25, 2020
USD ($)
day
$ / shares
shares
Oct. 31, 2023
USD ($)
day
$ / shares
shares
Jan. 31, 2025
USD ($)
Jan. 31, 2024
USD ($)
Jan. 31, 2023
USD ($)
Debt Instrument [Line Items]              
Repayments of convertible senior notes         $ 0 $ 223,675,000 $ 0
Net cost incurred to purchase capped calls     $ 35,700,000   0 55,102,000 0
2025 Notes              
Debt Instrument [Line Items]              
Repayments of convertible senior notes       $ 223,700,000      
Conversion rate     0.02495        
Capped Calls | 2025 Capped Calls              
Debt Instrument [Line Items]              
Initial strike price (in dollars per share) | $ / shares     $ 40.08        
Cap price (in dollars per share) | $ / shares     $ 61.66        
Number of shares of common stock covered by capped calls (in shares) | shares     7.2        
Automatic exercise period for capped calls, trading days | day     40        
Convertible Senior Notes              
Debt Instrument [Line Items]              
Aggregate principal amount of debt issued   $ 402,500,000          
Stated interest rate   1.50% 1.25%        
Interest expense related to the notes         $ 9,258,000 6,500,000 $ 5,433,000
Net proceeds from debt offering, after deducting initial purchaser discounts and debt issuance costs paid or payable   $ 390,400,000          
Event of default, option to accelerate amounts due, minimum percentage of aggregate principal amount of outstanding debt     25.00%        
Convertible Senior Notes | 2025 Notes              
Debt Instrument [Line Items]              
Aggregate principal amount of debt issued $ 230,000,000.0   $ 287,500,000 230,000,000.0      
Stated interest rate         1.25%    
Repurchase amount 227,500,000     227,500,000      
Issuance costs attributable to company $ 2,600,000     $ 2,600,000      
Interest expense related to the notes           $ 3,700,000  
Conversion rate     0.02495        
Initial conversion price (in dollars per share) | $ / shares     $ 40.08        
Effective interest rate         1.91%    
Convertible Senior Notes | 2028 Notes              
Debt Instrument [Line Items]              
Stated interest rate         1.50%    
Issuance costs attributable to company   $ 12,000,000.0          
Conversion rate       0.03656      
Initial conversion price (in dollars per share) | $ / shares $ 27.35     $ 27.35      
Effective interest rate         2.13%    
Convertible Senior Notes | 2028 Capped Calls              
Debt Instrument [Line Items]              
Net cost incurred to purchase capped calls       $ 55,100,000      
Convertible Senior Notes | Capped Calls | 2028 Capped Calls              
Debt Instrument [Line Items]              
Initial strike price (in dollars per share) | $ / shares       $ 27.35      
Cap price (in dollars per share) | $ / shares $ 42.90     $ 42.90      
Number of shares of common stock covered by capped calls (in shares) | shares 14.7     14.7      
Automatic exercise period for capped calls, trading days | day       60      
Convertible Senior Notes | Debt Conversion Terms, One              
Debt Instrument [Line Items]              
Threshold trading days | day 20            
Threshold consecutive trading days | day 30            
Threshold percentage of stock price trigger 130.00%            
Convertible Senior Notes | Debt Conversion Terms, Two              
Debt Instrument [Line Items]              
Threshold trading days | day 5            
Threshold consecutive trading days | day 10            
Threshold percentage of product of last reported sales price of common stock and conversion rate on each such trading day 98.00%            
Convertible Senior Notes | On or after July 6, 2023              
Debt Instrument [Line Items]              
Threshold trading days | day     20        
Threshold consecutive trading days | day     30        
Threshold percentage of stock price trigger     130.00%        
Redemption price, percentage of principal amount to be redeemed     100.00%        
Convertible Senior Notes | On or after July 6, 2023 | 2025 Notes              
Debt Instrument [Line Items]              
Redemption, threshold trading days immediately preceding maturity date | day     41        
Convertible Senior Notes | On or after July 6, 2023 | 2028 Notes              
Debt Instrument [Line Items]              
Redemption, threshold trading days immediately preceding maturity date | day       61      
Convertible Senior Notes | Fundamental Change              
Debt Instrument [Line Items]              
Redemption price, percentage of principal amount to be redeemed     100.00%        
v3.25.1
Debt and Financing Arrangements - Net Carrying Amount (Details) - USD ($)
$ in Thousands
Jan. 31, 2025
Jan. 31, 2024
Liability Component:    
Total contractual obligations $ 484,511  
Convertible Senior Notes    
Liability Component:    
Principal 460,000 $ 460,000
Unamortized issuance costs (9,292) (11,970)
Total contractual obligations 450,708 448,030
Convertible Senior Notes | 2025 Notes    
Liability Component:    
Principal 57,500 57,500
Unamortized issuance costs (74) (597)
Total contractual obligations 57,426 56,903
Convertible Senior Notes | 2028 Notes    
Liability Component:    
Principal 402,500 402,500
Unamortized issuance costs (9,218) (11,373)
Total contractual obligations $ 393,282 $ 391,127
v3.25.1
Debt and Financing Arrangements - Interest Expense (Details) - Convertible Senior Notes - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 2023
Debt Instrument [Line Items]      
Contractual interest expense $ 6,629 $ 4,422 $ 3,594
Amortization of debt issuance costs 2,629 2,078 1,839
Total interest expense related to the Notes $ 9,258 $ 6,500 $ 5,433
v3.25.1
Commitments and Contingencies (Details)
$ in Thousands
Jan. 31, 2025
USD ($)
Purchase Commitments  
2026 $ 33,188
2027 22,228
2028 16,334
2029 264
2030 0
Thereafter 0
Total contractual obligations 72,014
Senior Convertible Notes  
2026 63,897
2027 6,038
2028 6,038
2029 408,538
2030 0
Thereafter 0
Total contractual obligations 484,511
Total  
2026 97,085
2027 28,266
2028 22,372
2029 408,802
2030 0
Thereafter 0
Total contractual obligations $ 556,525
v3.25.1
Deferred Revenue and Remaining Performance Obligations - Deferred Revenue (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 2023
Increase (Decrease) In Contract with Customer, Liability [Roll Forward]      
Deferred revenue, beginning of period $ 228,161 $ 209,051 $ 170,224
Billings 485,090 448,715 408,764
Deferred revenue assumed in business combinations 0 1,094 856
Revenue recognized (467,499) (430,699) (370,793)
Deferred revenue, end of period $ 245,752 $ 228,161 $ 209,051
v3.25.1
Deferred Revenue and Remaining Performance Obligations - Additional Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 2023
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]      
Percent of total revenue recognized from deferred revenue balance (as a percent) 54.00% 48.00% 44.00%
Future estimated revenue related to performance obligations $ 440    
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-02-01      
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]      
Future estimated revenue related to performance obligations $ 302    
Revenue, remaining performance obligation, period 12 months    
Remaining performance obligation (as a percent) 68.60%    
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-02-01 | Short-Term Contract with Customer      
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]      
Future estimated revenue related to performance obligations $ 128    
Revenue, remaining performance obligation, period 12 months    
v3.25.1
Common Stock and Stockholders' Equity - Additional Information (Details)
$ / shares in Units, $ in Thousands
 1 Months Ended 12 Months Ended
Nov. 15, 2023
Oct. 31, 2023
USD ($)
$ / shares
shares
Jan. 31, 2025
USD ($)
purchase_period
$ / shares
shares
Jan. 31, 2024
USD ($)
$ / shares
shares
Jan. 31, 2023
USD ($)
$ / shares
shares
May 31, 2024
USD ($)
Subsidiary, Sale of Stock [Line Items]            
Common stock, shares authorized (in shares) | shares     1,000,000,000 1,000,000,000    
Common stock, par value per share (in dollars per share) | $ / shares     $ 0.000005 $ 0.000005    
Common stock, shares issued (in shares) | shares     91,082,604 95,068,187    
Common stock, shares outstanding (in shares) | shares     91,082,604 92,737,185    
Treasury stock. beginning balance (in shares) | shares   2,331,002        
Shares acquired, average cost per share (in dollars per share) | $ / shares   $ 21.45 $ 19.15      
Total repurchase price | $   $ 50,000 $ 100,104 $ 50,000    
Stock repurchase program, authorized amount | $           $ 100,000
Stock repurchased during period (in shares) | shares     5,223,071      
Number of shares authorized for grant (in shares) | shares     36,096,964 31,519,553    
Weighted average grant date fair value of stock options (in dollars per share) | $ / shares       $ 13.00 $ 16.46  
Aggregate intrinsic value of stock options exercised | $     $ 7,200 $ 22,700 $ 50,800  
Unrecognized compensation cost related to unvested stock options | $     600      
Stock-based compensation expense | $     $ 126,210 $ 127,152 $ 109,907  
Shares of common stock issued under the ESPP (in shares) | shares     502,460 536,151 495,432  
Minimum            
Subsidiary, Sale of Stock [Line Items]            
Range of shares to be received (as a percent)     0.00%      
Maximum            
Subsidiary, Sale of Stock [Line Items]            
Range of shares to be received (as a percent)     200.00%      
Stock options and RSUs            
Subsidiary, Sale of Stock [Line Items]            
Number of shares available for grant (in shares) | shares     20,028,092 17,178,454    
Stock options            
Subsidiary, Sale of Stock [Line Items]            
Unrecognized compensation cost related to unvested awards, period for recognition (in years)     1 year      
RSUs            
Subsidiary, Sale of Stock [Line Items]            
Unrecognized compensation cost related to unvested awards, period for recognition (in years)     2 years 1 month 6 days      
Unrecognized compensation cost related to unvested RSUs | $     $ 167,100      
Vesting period (in years) 4 years          
Performance Shares            
Subsidiary, Sale of Stock [Line Items]            
Unrecognized compensation cost related to unvested awards, period for recognition (in years)     1 year 2 months 12 days      
Unrecognized compensation cost related to unvested RSUs | $     $ 6,600      
Performance period (in years)     1 year      
Vesting period (in years)     3 years      
Shares issuable pursuant to the ESPP            
Subsidiary, Sale of Stock [Line Items]            
Number of shares available for grant (in shares) | shares     3,795,079      
Offering period (in months)     24 months      
Number of purchase periods within each offering period | purchase_period     4      
Purchase period (in months)     6 months      
Purchase price as a percentage of fair market value of stock on the offering date or the purchase date     85.00%      
Stock-based compensation expense | $     $ 4,800 $ 6,000 $ 4,900  
Amount withheld on behalf of employees for future purchase | $     $ 8,500 $ 10,200 $ 10,000  
Purchase price of common stock issued under the ESPP (in dollars per share) | $ / shares     $ 17.89 $ 19.20 $ 19.93  
v3.25.1
Common Stock and Stockholders' Equity - Shares Available for Issuance (Details) - shares
Jan. 31, 2025
Jan. 31, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Total common stock reserved for future issuance (in shares) 36,702,319  
Stock options and RSUs    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Outstanding stock options and unvested RSUs outstanding (in shares) 12,879,148  
Number of shares available for grant (in shares) 20,028,092 17,178,454
ESPP    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Number of shares available for grant (in shares) 3,795,079  
v3.25.1
Common Stock and Stockholders' Equity - Stock Option Activity (Details) - USD ($)
$ / shares in Units, $ in Thousands
 12 Months Ended
Jan. 31, 2025
Jan. 31, 2024
Number of shares    
Outstanding at beginning of period (in shares) 4,875,025  
Granted (in shares) 0  
Exercised (in shares) (620,106)  
Forfeited or canceled (in shares) (34,287)  
Outstanding at end of period (in shares) 4,220,632 4,875,025
Vested and exercisable as of end of period (in shares) 4,183,325  
Weighted Average Exercise Price    
Outstanding at beginning of period (in dollars per share) $ 10.29  
Granted (in dollars per share) 0  
Exercised (in dollars per share) 6.97  
Forfeited or canceled (in dollars per share) 24.17  
Outstanding at end of period (in dollars per share) 10.67 $ 10.29
Vested and exercisable as of end of period (in dollars per share) $ 10.47  
Weighted Average Remaining Contractual Term (Years)    
Outstanding 3 years 2 months 12 days 4 years 4 months 24 days
Vested and exercisable 3 years 1 month 6 days  
Aggregate Intrinsic Value (in thousands)    
Outstanding $ 37,041 $ 68,151
Vested and exercisable $ 36,997  
v3.25.1
Common Stock and Stockholders' Equity - Assumptions Used to Calculate Fair Value of Employee Stock Option Grants Made (Details) - Employee - Stock options
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Expected dividend yield 0.00% 0.00%
Expected volatility 55.00% 47.10%
Expected term (years) 5 years 2 months 12 days 6 years 1 month 6 days
Risk-free interest rate, minimum 4.50%  
Risk-free interest rate, maximum 4.60%  
Risk-free interest rate   2.50%
v3.25.1
Common Stock and Stockholders' Equity - Restricted Stock Units and Performance Stock Units Activity (Details)
 12 Months Ended
Jan. 31, 2025
$ / shares
shares
Weighted Average Grant Date Fair Value Per Share  
Attainment percentage 100.00%
RSUs  
Number of RSUs  
Outstanding at beginning of period (in shares) | shares 7,412,056
Granted (in shares) | shares 4,831,482
Vested (in shares) | shares (3,906,967)
Canceled (in shares) | shares (1,221,607)
Outstanding at end of period (in shares) | shares 7,114,964
Weighted Average Grant Date Fair Value Per Share  
Outstanding at beginning of period (in dollars per share) | $ / shares $ 31.08
Granted (in dollars per share) | $ / shares 20.73
Vested (in dollars per share) | $ / shares 30.24
Canceled (in dollars per share) | $ / shares 29.61
Outstanding at end of period (in dollars per share) | $ / shares $ 24.78
Performance Shares  
Number of RSUs  
Outstanding at beginning of period (in shares) | shares 541,992
Granted (in shares) | shares 781,813
Vested (in shares) | shares (9,050)
Canceled (in shares) | shares (65,182)
Performance adjustment for 2021 PSU Awards (in shares) | shares (487,834)
Outstanding at end of period (in shares) | shares 761,739
Weighted Average Grant Date Fair Value Per Share  
Outstanding at beginning of period (in dollars per share) | $ / shares $ 35.08
Granted (in dollars per share) | $ / shares 21.62
Vested (in dollars per share) | $ / shares 41.17
Canceled (in dollars per share) | $ / shares 35.64
Performance adjustment for 2021 PSU Awards (in dollars per share) | $ / shares 41.88
Outstanding at end of period (in dollars per share) | $ / shares $ 21.62
v3.25.1
Common Stock and Stockholders' Equity - Schedule of Assumptions Used to Calculate Fair Value of Shares to be Granted Under ESPP (Details) - ESPP - Employee
 12 Months Ended
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Expected dividend yield 0.00% 0.00% 0.00%
Expected volatility, minimum 38.40% 35.80% 44.10%
Expected volatility, maximum 51.90% 60.10% 65.60%
Risk-free interest rate, minimum 4.20% 0.69% 0.11%
Risk-free interest rate, maximum 5.32% 5.29% 4.62%
Minimum      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Expected term (years) 6 months 6 months 6 months
Maximum      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Expected term (years) 2 years 2 years 2 years
v3.25.1
Common Stock and Stockholders' Equity - Stock-based Compensation Expense (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 2023
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]      
Stock-based compensation expense $ 126,210 $ 127,152 $ 109,907
Cost of revenue      
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]      
Stock-based compensation expense 5,984 7,586 6,827
Research and development      
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]      
Stock-based compensation expense 44,691 44,800 39,012
Sales and marketing      
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]      
Stock-based compensation expense 31,185 30,345 29,804
General and administrative      
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]      
Stock-based compensation expense $ 44,350 $ 44,421 $ 34,264
v3.25.1
Net Loss per Share - Calculation of Basic and Diluted Net Loss Per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 12 Months Ended
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 2023
Numerator:      
Net loss $ (42,735) $ (75,189) $ (128,423)
Less: Adjustment attributable to redeemable non-controlling interest 11,725 6,568 0
Net loss attributable to PagerDuty, Inc. common stockholders $ (54,460) $ (81,757) $ (128,423)
Denominator:      
Weighted average shares used in calculating net loss per share, basic (in shares) 92,000 92,341 88,721
Weighted average shares used in calculating net loss per share, diluted (in shares) 92,000 92,341 88,721
Net loss per share, basic, attributable to PagerDuty, Inc. (in dollars per share) $ (0.59) $ (0.89) $ (1.45)
Net loss per share, diluted, attributable to PagerDuty, Inc. (in dollars per share) $ (0.59) $ (0.89) $ (1.45)
v3.25.1
Net Loss per Share - Anti-dilutive Securities (Details)
shares in Thousands
 12 Months Ended
Jun. 25, 2020
Jan. 31, 2025
shares
Jan. 31, 2024
shares
Jan. 31, 2023
shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Antidilutive securities excluded from computation of earnings per share (in shares)   12,200 12,959 15,158
2025 Notes        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Conversion rate 0.02495      
Shares subject to outstanding common stock awards        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Antidilutive securities excluded from computation of earnings per share (in shares)   12,097 12,829 14,989
Restricted stock issued to acquire key personnel        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Antidilutive securities excluded from computation of earnings per share (in shares)   0 25 63
Shares issuable pursuant to the ESPP        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Antidilutive securities excluded from computation of earnings per share (in shares)   103 105 106
Convertible Debt Securities        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Antidilutive securities excluded from computation of earnings per share (in shares)       7,200
v3.25.1
Income Taxes - Components of Loss Before Income Taxes (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 2023
Income Tax Disclosure [Abstract]      
Domestic $ (44,009) $ (75,375) $ (130,971)
Foreign 2,256 (2,004) 907
Loss before (provision for) benefit from income taxes $ (41,753) $ (77,379) $ (130,064)
v3.25.1
Income Taxes - Components of Income (Loss) Before Income Taxes (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 2023
Current:      
Federal $ 433 $ 0 $ 0
State 437 117 0
Foreign 999 466 267
Total current tax expense 1,869 583 267
Deferred:      
Federal 0 (97) (794)
State 0 (39) (536)
Foreign (86) (459) 224
Total deferred tax expense (86) (595) (1,106)
Provision for (benefit from) income taxes $ 1,783 $ (12) $ (839)
v3.25.1
Income Taxes - Reconciliation of Provision for Income Taxes (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 2023
Income Tax Disclosure [Abstract]      
Income taxes computed at U.S. federal statutory rate $ (8,768) $ (16,249) $ (27,313)
State taxes, net of federal benefit 1,075 (2,029) (5,044)
Stock-based compensation 14,760 8,695 554
Foreign rate differential 419 428 300
Tax credits, net of FIN48 reserves (1,460) (1,956) (1,789)
Change in valuation allowance (4,605) 10,169 31,350
Foreign-derived intangible income benefit (1,039) 0 0
Other 1,401 930 1,103
Provision for (benefit from) income taxes $ 1,783 $ (12) $ (839)
v3.25.1
Income Taxes - Additional Information (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 2023
Tax Credit Carryforward [Line Items]      
State taxes, net of federal benefit $ 1,075 $ (2,029) $ (5,044)
(Decrease) increase in valuation allowance (4,500) 14,200 40,800
Unrecognized tax benefits that would affect the effective tax rate if recognized 900 $ 900 $ 1,000
Federal      
Tax Credit Carryforward [Line Items]      
Operating loss carryforwards 404,200    
Federal net operating loss carryforwards, subject to expiration 5,300    
Federal net operating loss carryforwards, not subject to expiration 398,900    
Research and development credit carryforwards 15,000    
California      
Tax Credit Carryforward [Line Items]      
Operating loss carryforwards 29,200    
Research and development credit carryforwards 7,400    
Canada      
Tax Credit Carryforward [Line Items]      
Operating loss carryforwards 6,500    
Research and development credit carryforwards $ 2,300    
v3.25.1
Income Taxes - Significant Components of Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Thousands
Jan. 31, 2025
Jan. 31, 2024
Deferred tax assets:    
Net operating losses $ 110,076 $ 122,343
Capitalized research and development costs 46,543 34,757
Allowances and accruals 8,067 7,374
Stock-based compensation 9,306 11,096
Charitable contributions 74 3,983
Tax credits 15,032 14,704
Lease liabilities 2,947 3,262
Other 457 1,311
Gross deferred tax assets 192,502 198,830
Less: valuation allowance (172,538) (177,078)
Net deferred tax assets 19,964 21,752
Deferred tax liabilities:    
Deferred commissions (11,067) (11,565)
Intangible assets (9,353) (11,357)
Lease assets (1,445) (958)
Other (582) (448)
Gross deferred tax liabilities (22,447) (24,328)
Net deferred tax liabilities $ (2,483) $ (2,576)
v3.25.1
Income Taxes Income Taxes - Summary of Activity Related to Unrecognized Tax Benefits (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 2023
Unrecognized Tax Benefits [Roll Forward]      
Balance at beginning of period $ 9,065 $ 7,723 $ 6,190
Additions related to prior years 0 110 85
Reductions related to prior years (87) (192) (18)
Additions related to current year 1,297 1,424 1,304
Additions related to acquired positions 0 0 162
Balance at end of period $ 10,275 $ 9,065 $ 7,723
v3.25.1
Geographic Information - Revenue by Location (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]      
Revenue $ 467,499 $ 430,699 $ 370,793
United States      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Revenue 337,580 312,165 283,266
International      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Revenue $ 129,919 $ 118,534 $ 87,527
v3.25.1
Geographic Information - Additional Information (Details) - Property, Plant and Equipment - Geographic Concentration Risk
 12 Months Ended
Jan. 31, 2025
Jan. 31, 2024
United States    
Concentration Risk [Line Items]    
Concentration risk, percentage 69.00% 73.00%
Canada    
Concentration Risk [Line Items]    
Concentration risk, percentage 17.00% 20.00%
PORTUGAL    
Concentration Risk [Line Items]    
Concentration risk, percentage 12.00% 4.00%
United Kingdom    
Concentration Risk [Line Items]    
Concentration risk, percentage 1.00% 2.00%
CHILE    
Concentration Risk [Line Items]    
Concentration risk, percentage 1.00% 1.00%
v3.25.1
Restructuring Costs (Details) - USD ($)
$ in Thousands
 1 Months Ended 12 Months Ended
Jan. 31, 2024
Jul. 31, 2023
Jan. 31, 2023
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 2023
Restructuring Cost and Reserve [Line Items]            
Impairment of property and equipment, net and right-of-use assets $ 7,200 $ 1,200   $ 0 $ 8,368 $ 0
Impairment of leasehold 1,900       $ 2,300  
Restructuring Charges, Statement of Income or Comprehensive Income [Extensible Enumeration]           Cost of revenue
Employee Severance | Employee Restructuring Plan            
Restructuring Cost and Reserve [Line Items]            
Number of positions eliminated (as a percent)     7.00%      
Restructuring charges     $ 5,000      
Leasehold improvements            
Restructuring Cost and Reserve [Line Items]            
Impairment of leasehold   400        
Atlanta            
Restructuring Cost and Reserve [Line Items]            
ROU asset impairment charges $ 5,300          
San Francisco            
Restructuring Cost and Reserve [Line Items]            
ROU asset impairment charges   $ 800        
v3.25.1
401(k) Plan (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 01, 2022
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 2023
Retirement Benefits [Abstract]        
Employer matching contribution, percent of each participant's employee contributions (as a percent) 2.00%      
Employer contributions, percent of eligible wages during the period (as a percent) 2.00%      
Expense recognized related to matching contributions   $ 2.8 $ 3.6 $ 2.6
v3.25.1
Subsequent Events (Details) - USD ($)
$ in Millions
Mar. 17, 2025
May 31, 2024
Subsequent Event [Line Items]    
Stock repurchase program, authorized amount   $ 100.0
Subsequent Event | 2025 Share Repurchase Program    
Subsequent Event [Line Items]    
Stock repurchase program, authorized amount $ 150.0