| Summary of Calculation of Basic and Diluted Net Loss Per Share |
The following table presents the calculation of basic and diluted net income attributable to PagerDuty, Inc. common stockholders for the periods indicated (in thousands, except number of shares and per share data):
| | | | | | | | | | | | | | | | | | | | | | | | | Three months ended July 31, | | Six months ended July 31, | | 2026 | | 2025 | | 2026 | | 2025 | | Numerator: | | | | | | | | | Net income attributable to PagerDuty, Inc. | $ | 7,785 | | | $ | 9,575 | | | $ | 13,068 | | | $ | 2,413 | | | Less: Adjustment attributable to redeemable non-controlling interest | 3,059 | | | (202) | | | (1,904) | | | (867) | | | Net income attributable to PagerDuty, Inc. common stockholders | $ | 4,726 | | | $ | 9,777 | | | $ | 14,972 | | | $ | 3,280 | | | Denominator: | | | | | | | | | Weighted average shares used in calculating net income per share | | | | | | | | | Basic | 77,334 | | | 92,600 | | | 77,980 | | | 91,997 | | | Weighted average effect of potentially dilutive securities: | | | | | | | | | Stock options, RSUs, PSUs, and ESPP obligations | 1,807 | | | 1,598 | | | 1,314 | | | 1,898 | | | Diluted | 79,141 | | | 94,198 | | | 79,294 | | | 93,895 | | | Net income per share attributable to PagerDuty, Inc. common stockholders | | | | | | | | | Basic | $ | 0.06 | | | $ | 0.11 | | | $ | 0.19 | | | $ | 0.04 | | | Diluted | $ | 0.06 | | | $ | 0.10 | | | $ | 0.19 | | | $ | 0.03 | |
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| Summary 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):
| | | | | | | | | | | | | | | | | | | | | | | | | Three months ended July 31, | | Six months ended July 31, | | 2026 | | 2025 | | 2026 | | 2025 | Shares subject to outstanding common stock awards | 6,217 | | | 9,052 | | | 7,164 | | | 7,850 | | | | | | | | | | Shares issuable pursuant to the ESPP | 1,603 | | | 317 | | | 1,773 | | | 226 | | | Total | 7,820 | | | 9,369 | | | 8,937 | | | 8,076 | |
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