Estados financieros detallados de PagerDuty, Inc. (PD): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
PagerDuty, Inc. registró ingresos de $492.5M en el último ejercicio fiscal, con un CAGR de 5 años del 18.2%.
Márgenes de los últimos 12 meses: margen bruto 84.8%, margen operativo 6.5%, margen neto 36.6%. El flujo de caja libre creció a un CAGR del 84.4% en 5 años.
Al precio actual de $14.48, PD cotiza a un P/E de 7.07 y un ROE del 70.79%. La capitalización bursátil es de $1.3B.
Cuenta de Resultados (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Ingresos | $79.6M | $117.8M | $166.4M | $213.6M | $281.4M | $370.8M | $430.7M | $467.5M | $492.5M |
| Coste de Ventas | $12.7M | $17.3M | $24.6M | $30.7M | $48.4M | $70.4M | $77.8M | $79.7M | $74.1M |
| Beneficio Bruto | $66.9M | $100.6M | $141.8M | $182.9M | $233.0M | $300.4M | $352.9M | $387.8M | $418.4M |
| I+D | $33.5M | $38.9M | $49.0M | $64.6M | $95.7M | $134.9M | $139.8M | $141.5M | $126.9M |
| Generales y Administrativos | $71.7M | $104.0M | $148.3M | $184.6M | $239.1M | $294.9M | $309.3M | $306.1M | $285.6M |
| Gastos Operativos | $105.2M | $142.9M | $197.3M | $249.2M | $334.7M | $429.7M | $449.1M | $447.6M | $412.6M |
| Beneficio Operativo | -$38.3M | -$42.3M | -$55.6M | -$66.3M | -$101.7M | -$129.4M | -$96.2M | -$59.8M | $5.8M |
| EBITDA | -$35.9M | -$33.9M | -$47.5M | -$57.6M | -$93.4M | -$111.6M | -$52.8M | -$14.5M | $39.6M |
| Gastos por Intereses | $702000 | 0 | 0 | $10.0M | $5.4M | $5.4M | $6.5M | $6.6M | $8.9M |
| Beneficio Antes de Impuestos | -$38.0M | -$40.0M | -$49.7M | -$72.8M | -$106.9M | -$130.1M | -$77.4M | -$41.8M | $20.2M |
| Impuestos | $184000 | $701000 | $675000 | -$3.9M | $535000 | -$839000 | -$12000 | $1.8M | -$152.5M |
| Beneficio Neto | -$38.1M | -$40.7M | -$50.3M | -$68.9M | -$107.5M | -$128.4M | -$81.8M | -$42.7M | $173.9M |
| BPA | $-0.63 | $-0.55 | $-0.77 | $-0.87 | $-1.27 | $-1.45 | $-0.89 | $-0.59 | $1.91 |
| BPA Diluido | $-0.63 | $-0.55 | $-0.77 | $-0.87 | $-1.27 | $-1.45 | $-0.89 | $-0.59 | $1.87 |
| Acciones en Circulación (Diluidas) | $60.1M | $73.6M | $65.5M | $79.6M | $84.5M | $88.7M | $92.3M | $92.0M | $93.0M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q4 | 2026-Q1 | 2026-Q2 | 2026-Q3 |
|---|
| Ingresos | $124.5M | $124.8M | $121.0M | $124.4M |
| Beneficio Bruto | $106.2M | $107.2M | $101.9M | $104.4M |
| Beneficio Operativo | $8.1M | $4.5M | $9.2M | $10.2M |
| EBITDA | $16.2M | $12.0M | $15.5M | $13.1M |
| Beneficio Neto | $161.6M | $9.4M | $5.3M | $4.7M |
| BPA | $1.72 | $0.13 | $0.13 | $0.06 |
| BPA Diluido | $1.69 | $0.12 | $0.13 | $0.06 |
Balance (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Caja y Equivalentes | $44.0M | $127.9M | $124.0M | $339.2M | $349.8M | $274.0M | $363.0M | $346.5M | $237.4M |
| Inversiones a Corto | 0 | 0 | $227.4M | $221.1M | $193.6M | $202.9M | $208.2M | $224.4M | $232.4M |
| Cuentas por Cobrar | $18.9M | $33.5M | $37.1M | $55.1M | $75.3M | $91.3M | $100.4M | $107.3M | $108.4M |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $69.8M | $172.8M | $405.0M | $638.3M | $645.1M | $600.3M | $703.2M | $691.9M | $612.2M |
| Inmovilizado Material | $3.3M | $5.8M | $12.4M | $37.3M | $38.5M | $32.4M | $21.4M | $28.1M | $41.7M |
| Fondo de Comercio | 0 | 0 | 0 | $72.1M | $72.1M | $118.9M | $137.4M | $137.4M | $137.4M |
| Activos Intangibles | 0 | 0 | 0 | $26.6M | $23.1M | $37.2M | $32.6M | $20.9M | $15.6M |
| Activos Totales | $81.4M | $197.2M | $435.4M | $795.4M | $806.4M | $817.9M | $925.3M | $927.3M | $990.5M |
| Cuentas por Pagar | $4.2M | $5.6M | $6.4M | $5.7M | $9.5M | $7.4M | $6.2M | $7.3M | $6.7M |
| Deuda a Corto | 0 | 0 | 0 | $5.3M | $5.6M | $5.9M | $6.2M | $60.7M | 0 |
| Pasivos Corrientes | $50.8M | $88.8M | $115.0M | $172.7M | $227.0M | $271.1M | $281.7M | $369.2M | $303.9M |
| Deuda a Largo | 0 | 0 | 0 | $217.5M | $281.1M | $282.9M | $448.0M | $393.3M | $395.7M |
| Pasivos Totales | $137.7M | $93.1M | $127.5M | $428.7M | $539.5M | $575.8M | $746.4M | $779.2M | $719.9M |
| Reservas | -$88.1M | -$128.9M | -$179.2M | -$248.1M | -$348.8M | -$477.2M | -$552.4M | -$595.2M | -$421.8M |
| Patrimonio Neto | -$56.4M | $104.1M | $307.9M | $366.7M | $267.0M | $241.0M | $171.6M | $129.8M | $253.6M |
| Deuda Total | 0 | 0 | 0 | $249.3M | $307.6M | $301.5M | $461.0M | $463.7M | $413.3M |
| Deuda Neta | -$44.0M | -$127.9M | -$351.4M | -$310.9M | -$235.7M | -$175.5M | -$110.2M | -$107.2M | -$56.5M |
| Capital Circulante | $19.0M | $84.0M | $290.0M | $465.6M | $418.1M | $329.3M | $421.5M | $322.8M | $308.3M |
Balance (Trimestral)
| Año | 2025-Q4 | 2026-Q1 | 2026-Q2 | 2026-Q3 |
|---|
| Caja y Equivalentes | $324.3M | $237.4M | $208.9M | $233.7M |
| Activos Totales | $1.03B | $990.5M | $936.6M | $958.3M |
| Pasivos Totales | $688.4M | $719.9M | $708.1M | $711.4M |
| Patrimonio Neto | $320.5M | $253.6M | $216.5M | $232.0M |
| Deuda Total | $408.5M | $413.3M | $412.8M | $412.8M |
Flujo de Caja (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Beneficio Neto | -$38.1M | -$40.7M | -$50.3M | -$68.9M | -$107.5M | -$129.2M | -$81.8M | -$43.5M | $173.9M |
| Amortizaciones | $1.3M | $1.7M | $2.3M | $5.3M | $8.4M | $17.4M | $40.7M | $20.6M | $13.1M |
| Compensación en Acciones | $18.2M | $19.1M | $27.2M | $43.2M | $70.0M | $109.9M | $127.2M | $126.2M | $97.8M |
| Cambio en Capital Circulante | $2.2M | $2.2M | $13.2M | $4.8M | -$1.9M | -$6.8M | -$26.5M | -$8.5M | -$41.8M |
| Flujo de Caja Operativo | -$11.8M | -$5.6M | -$173000 | $10.1M | -$6.0M | $17.0M | $72.0M | $117.9M | $114.9M |
| Inversiones (CapEx) | -$822000 | -$4.1M | -$5.2M | -$4.8M | -$6.8M | -$8.5M | -$7.5M | -$9.5M | -$2.9M |
| Adquisiciones | 0 | 0 | -$17.9M | -$49.7M | -$160000 | -$66.3M | -$24.1M | 0 | 0 |
| Recompra de Acciones | 0 | 0 | -$16000 | -$8.2M | 0 | -$28.7M | -$50.0M | -$100.1M | -$134.9M |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$12.7M | -$9.7M | -$5.3M | $5.2M | -$12.8M | $8.5M | $64.4M | $108.4M | $111.9M |
Flujo de Caja (Trimestral)
| Año | 2025-Q4 | 2026-Q1 | 2026-Q2 | 2026-Q3 |
|---|
| Flujo de Caja Operativo | $24.8M | $25.4M | $44.3M | $36.9M |
| Inversiones (CapEx) | -$743000 | -$883000 | -$965000 | -$2.2M |
| Flujo de Caja Libre | $24.1M | $24.5M | $43.3M | $34.7M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $22.6M | $23.5M | $18.0M | $16.5M |
Crecimiento y Márgenes (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Crecimiento Ingresos (anual) | | +48.0% | +41.2% | +28.4% | +31.8% | +31.8% | +16.2% | +8.5% | +5.4% |
| Crecimiento Beneficio Neto (anual) | | -6.8% | -23.6% | -36.9% | -56.0% | -19.5% | +36.3% | +47.7% | +506.8% |
| Crecimiento BPA (anual) | | +12.7% | -40.0% | -13.0% | -46.0% | -14.2% | +38.6% | +33.7% | +423.7% |
| Cambio en Acciones (anual) | | +22.4% | -11.0% | +21.5% | +6.2% | +5.0% | +4.1% | -0.4% | +1.1% |
| Crecimiento FCF (anual) | | +23.2% | +45.0% | +198.1% | -344.5% | +166.3% | +657.3% | +68.3% | +3.2% |
| Margen Bruto | 84.0% | 85.4% | 85.2% | 85.6% | 82.8% | 81.0% | 81.9% | 83.0% | 84.9% |
| Margen Operativo | -48.1% | -35.9% | -33.4% | -31.0% | -36.1% | -34.9% | -22.3% | -12.8% | 1.2% |
| Margen EBITDA | -45.1% | -28.7% | -28.5% | -27.0% | -33.2% | -30.1% | -12.3% | -3.1% | 8.0% |
| Margen Neto | -47.9% | -34.6% | -30.3% | -32.3% | -38.2% | -34.6% | -19.0% | -9.1% | 35.3% |
| Margen FCF | -15.9% | -8.3% | -3.2% | 2.5% | -4.6% | 2.3% | 15.0% | 23.2% | 22.7% |
| Tasa Impositiva Efectiva | -0.5% | -1.8% | -1.4% | 5.4% | -0.5% | 0.6% | 0.0% | -4.3% | -756.5% |
Datos por Acción (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| FCF por Acción | $-0.21 | $-0.13 | $-0.08 | $0.07 | $-0.15 | $0.10 | $0.70 | $1.18 | $1.20 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $60.1M | $73.6M | $65.5M | $79.6M | $84.5M | $88.7M | $92.3M | $92.0M | $91.2M |
Qué mirar en empresas de Technology
- Crecimiento de ingresos 3a (≥15%/año) — Valida tracción sostenida, no un año puntual.
- Margen bruto (Depende del sub-sector) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Ingresos (≥20%) — Caja real generada. Muchas tech maquillan beneficios non-GAAP.
- ROIC (≥15%) — Eficiencia del capital reinvertido — la primera métrica de Buffett.
- SBC / Ingresos (<10% saludable) — Stock-based compensation. Dilución silenciosa: >20% destruye valor.
- Deuda Neta / EBITDA (≤2x (1,5x SaaS)) — Resistencia en recesiones y subidas de tipos.
Rentabilidad
| Rentabilidad sobre capital | 70.79% |
| Rentabilidad sobre capital invertido | 4.73% |
| Rentabilidad sobre activos | 18.88% |
| Margen bruto | 84.84% |
| Margen operativo | 6.47% |
| Margen neto | 36.58% |
Salud financiera
| Deuda / Patrimonio | 1.78 |
| Ratio corriente | 2.02 |
Ratios Clave (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| P/E | -60.71 | -69.55 | -30.29 | -58.18 | -26.00 | -20.54 | -26.61 | -31.39 | 5.55 |
| P/VC | -40.80 | 27.05 | 4.96 | 10.99 | 10.45 | 10.97 | 12.74 | 13.12 | 3.81 |
| P/V | 28.88 | 23.90 | 9.19 | 18.87 | 9.92 | 7.13 | 5.08 | 3.64 | 1.96 |
| Margen Bruto | 84.0% | 85.4% | 85.2% | 85.6% | 82.8% | 81.0% | 81.9% | 83.0% | 84.9% |
| Margen Operativo | -48.1% | -35.9% | -33.4% | -31.0% | -36.1% | -34.9% | -22.3% | -12.8% | 1.2% |
| Margen Neto | -47.9% | -34.6% | -30.3% | -32.3% | -38.2% | -34.6% | -19.0% | -9.1% | 35.3% |