+41%

est. 2Y upside i

Series D+

Digital operations management platform for incident response and on-call

Rank

#781

Sector

Enterprise Software

Est. Liquidity

~2Y

Data Quality

Data: Medium

PagerDuty is a mature, profitable company with $496M ARR and a strong moat, but flat growth and high incumbent threat limit upside.

Last updated: July 3, 2026

Bull (15%)+100%

Multiple expands to 3.1x (still below public comps) driven by new CEO strategy, buyback, and potential M&A interest. Implied exit value $1.54B.

Base (30%)+93%

Multiple converges to 3.0x as market re-rates the company for stable cash flows but low growth. Implied exit $1.49B, 93% upside.

Bear (55%)-3%

Multiple stays near 1.5x due to competitive pressure and no growth. Implied exit $744M, slight loss.

Est. time to liquidity~2.0 years
Adjusted for competitive dynamics: 66% (raw: 41%, adjustment: +25%)

Preference Stack Risk

high

Funding Intensity

35%

Total preferred liquidation preference of $173M (1x non-participating) represents 22.5% of entry valuation; common stock is subordinate to this amount.

Dilution Risk

low

Profitable with $496M ARR and $100M buyback program; no near-term capital raise expected.

Secondary Liquidity

active

Secondary market trades at $770M valuation, providing some liquidity for employees.

Other — 46 roles

View all 46 open roles at PagerDuty →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on PagerDuty's data — designed to show you've done your homework.

  • 1

    “How does PagerDuty plan to re-accelerate growth given flat revenue?”

  • 2

    “What differentiates PagerDuty's incident management from Datadog and ServiceNow's bundled offerings?”

  • 3

    “How should I evaluate the equity package given the low current valuation and potential for multiple expansion?”

Community

Valuation Sentiment

Our model estimates +41% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.