PagerDuty (PD) Research & Development (2018 - 2026)

PagerDuty's Research & Development history runs 9 years deep, the most recent figure standing at $30.0 million for Q2 2026.

• Quarterly Research & Development fell 40.08% year-over-year to $30.0 million in Q2 2026, while the trailing twelve-month figure through Apr 2026 was $180.0 million (down 26.61% YoY) and the FY2026 annual result came in at $184.0 million, down 8.81% from the prior year.
• Research & Development was $30.0 million for Q2 2026 at PagerDuty, down from $89.7 million in the prior quarter.
• Across five years, Research & Development topped out at $95.3 million in Q1 2023 and bottomed at -$22.5 million in Q1 2022.
• A 5-year average of $47.2 million and a median of $37.0 million in 2023 frame the typical range for Research & Development.
• Annual changes were most pronounced in 2023 — Research & Development surged 522.98% — and 2025, when it sank 40.29%.
• PagerDuty's Research & Development stood at $35.0 million in 2022, then decreased by 2.09% to $34.3 million in 2023, then jumped by 43.77% to $49.3 million in 2024, then sank by 40.29% to $29.4 million in 2025, then gained by 1.94% to $30.0 million in 2026.
• Business Quant data shows PD's Research & Development at $30.0 million in Q2 2026, $89.7 million in Q1 2026, and $29.4 million in Q4 2025.