PagerDuty (PD) Research & Development (2018 - 2026)
PagerDuty's (PD) quarterly Research & Development came in at $30.0 million in Q2 2026, down 40.08% YoY from $50.0 million in Q2 2025, and down 66.56% on a QoQ basis from $89.7 million in Q1 2026.
PagerDuty (PD) Research & Development (2018 - 2026) Analysis & Trends
PagerDuty (PD) has 9 years of Research & Development data on file, last reported at $30.0 million in 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 declined to $30.0 million in Q2 2026, from $89.7 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $95.3 million in Q1 2023 to a low of -$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 slumped 40.29%.
- Tracing PD's Research & Development over 5 years: stood at $35.0 million in 2022, then fell by 2.09% to $34.3 million in 2023, then surged by 43.77% to $49.3 million in 2024, then tumbled by 40.29% to $29.4 million in 2025, then increased by 1.94% to $30.0 million in 2026.
- The last three Research & Development figures came in at $30.0 million (Q2 2026), $89.7 million (Q1 2026), and $29.4 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -4.12 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 498.00 Mn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 3.77 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 1.52 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 1.37 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 588.95 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 265.90 Mn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 1.88 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 1.79 Bn |
| 10 | PagerDuty | 917.76 Mn | 485.76 Mn | 101.95 Mn | 29.99 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 29.99 Mn |
| Jan 31, 2026 | 89.68 Mn |
| Oct 31, 2025 | 29.42 Mn |
| Jul 31, 2025 | 30.90 Mn |
| Apr 30, 2025 | 50.05 Mn |
| Jan 31, 2025 | 94.94 Mn |
| Oct 31, 2024 | 49.27 Mn |
| Jul 31, 2024 | 50.97 Mn |
| Apr 30, 2024 | 37.52 Mn |
| Jan 31, 2024 | 92.55 Mn |
| Oct 31, 2023 | 34.27 Mn |
| Jul 31, 2023 | 36.44 Mn |
| Apr 30, 2023 | 33.51 Mn |
| Jan 31, 2023 | 95.32 Mn |
| Oct 31, 2022 | 35.00 Mn |
| Jul 31, 2022 | 50.33 Mn |
| Apr 30, 2022 | 31.29 Mn |
| Jan 31, 2022 | -22.53 Mn |
| Oct 31, 2021 | 40.18 Mn |
| Jul 31, 2021 | 22.91 Mn |