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Side-by-side financial comparison of PagerDuty, Inc. (PD) and Xeris Biopharma Holdings, Inc. (XERS). Click either name above to swap in a different company.

PagerDuty, Inc. is the larger business by last-quarter revenue ($124.5M vs $85.8M, roughly 1.5× Xeris Biopharma Holdings, Inc.). PagerDuty, Inc. runs the higher net margin — 129.7% vs 12.9%, a 116.8% gap on every dollar of revenue. On growth, Xeris Biopharma Holdings, Inc. posted the faster year-over-year revenue change (42.8% vs 4.7%). Over the past eight quarters, Xeris Biopharma Holdings, Inc.'s revenue compounded faster (45.3% CAGR vs 5.9%).

PagerDuty, Inc. is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.

Xeris Biopharma Holdings, Inc. is a specialty biopharmaceutical company that develops and commercializes targeted therapies for rare endocrine, metabolic, and dermatological conditions. It operates across global markets, focusing on delivering accessible, easy-to-administer treatment options for underserved patient segments.

PD vs XERS — Head-to-Head

Bigger by revenue
PD
PD
1.5× larger
PD
$124.5M
$85.8M
XERS
Growing faster (revenue YoY)
XERS
XERS
+38.1% gap
XERS
42.8%
4.7%
PD
Higher net margin
PD
PD
116.8% more per $
PD
129.7%
12.9%
XERS
Faster 2-yr revenue CAGR
XERS
XERS
Annualised
XERS
45.3%
5.9%
PD

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
PD
PD
XERS
XERS
Revenue
$124.5M
$85.8M
Net Profit
$161.6M
$11.1M
Gross Margin
85.3%
Operating Margin
6.5%
19.5%
Net Margin
129.7%
12.9%
Revenue YoY
4.7%
42.8%
Net Profit YoY
2827.7%
316.7%
EPS (diluted)
$1.69
$0.07

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
PD
PD
XERS
XERS
Q4 25
$124.5M
$85.8M
Q3 25
$123.4M
$74.4M
Q2 25
$119.8M
$71.5M
Q1 25
$121.4M
$60.1M
Q4 24
$118.9M
$60.1M
Q3 24
$115.9M
$54.3M
Q2 24
$111.2M
$48.1M
Q1 24
$111.1M
$40.6M
Net Profit
PD
PD
XERS
XERS
Q4 25
$161.6M
$11.1M
Q3 25
$9.6M
$621.0K
Q2 25
$-7.2M
$-1.9M
Q1 25
$-8.8M
$-9.2M
Q4 24
$-5.9M
$-5.1M
Q3 24
$-10.9M
$-15.7M
Q2 24
$-17.1M
$-15.0M
Q1 24
$-28.2M
$-19.0M
Gross Margin
PD
PD
XERS
XERS
Q4 25
85.3%
Q3 25
84.6%
Q2 25
84.0%
Q1 25
83.6%
Q4 24
83.0%
Q3 24
82.7%
Q2 24
82.6%
Q1 24
81.7%
Operating Margin
PD
PD
XERS
XERS
Q4 25
6.5%
19.5%
Q3 25
2.9%
9.0%
Q2 25
-8.6%
6.3%
Q1 25
-9.6%
-5.1%
Q4 24
-8.7%
2.8%
Q3 24
-13.8%
-23.8%
Q2 24
-19.5%
-17.0%
Q1 24
-30.1%
-35.1%
Net Margin
PD
PD
XERS
XERS
Q4 25
129.7%
12.9%
Q3 25
7.8%
0.8%
Q2 25
-6.0%
-2.7%
Q1 25
-7.2%
-15.3%
Q4 24
-5.0%
-8.5%
Q3 24
-9.4%
-29.0%
Q2 24
-15.4%
-31.2%
Q1 24
-25.3%
-46.7%
EPS (diluted)
PD
PD
XERS
XERS
Q4 25
$1.69
$0.07
Q3 25
$0.10
$0.00
Q2 25
$-0.07
$-0.01
Q1 25
$-0.12
$-0.06
Q4 24
$-0.07
$-0.02
Q3 24
$-0.14
$-0.11
Q2 24
$-0.26
$-0.10
Q1 24
$-0.34
$-0.14

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PD
PD
XERS
XERS
Cash + ST InvestmentsLiquidity on hand
$547.8M
$111.0M
Total DebtLower is stronger
$220.3M
Stockholders' EquityBook value
$320.5M
$13.7M
Total Assets
$1.0B
$383.5M
Debt / EquityLower = less leverage
16.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PD
PD
XERS
XERS
Q4 25
$547.8M
$111.0M
Q3 25
$567.9M
$91.6M
Q2 25
$597.1M
$59.3M
Q1 25
$570.8M
$58.4M
Q4 24
$542.2M
$71.6M
Q3 24
$599.3M
$69.4M
Q2 24
$592.8M
$77.6M
Q1 24
$571.2M
$87.4M
Total Debt
PD
PD
XERS
XERS
Q4 25
$220.3M
Q3 25
$219.5M
Q2 25
$218.6M
Q1 25
$484.5M
$229.8M
Q4 24
$232.1M
Q3 24
$216.2M
Q2 24
$230.5M
Q1 24
$489.5M
$229.7M
Stockholders' Equity
PD
PD
XERS
XERS
Q4 25
$320.5M
$13.7M
Q3 25
$180.7M
$-861.0K
Q2 25
$145.7M
$-19.3M
Q1 25
$129.8M
$-35.1M
Q4 24
$111.6M
$-29.6M
Q3 24
$164.7M
$-28.3M
Q2 24
$174.0M
$-19.3M
Q1 24
$171.6M
$-9.2M
Total Assets
PD
PD
XERS
XERS
Q4 25
$1.0B
$383.5M
Q3 25
$891.5M
$370.2M
Q2 25
$926.8M
$334.7M
Q1 25
$927.3M
$315.5M
Q4 24
$866.8M
$323.1M
Q3 24
$916.0M
$321.1M
Q2 24
$924.0M
$331.7M
Q1 24
$925.3M
$336.6M
Debt / Equity
PD
PD
XERS
XERS
Q4 25
16.10×
Q3 25
Q2 25
Q1 25
3.73×
Q4 24
Q3 24
Q2 24
Q1 24
2.85×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PD
PD
XERS
XERS
Operating Cash FlowLast quarter
$24.8M
$20.0M
Free Cash FlowOCF − Capex
$24.1M
FCF MarginFCF / Revenue
19.3%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
0.15×
1.81×
TTM Free Cash FlowTrailing 4 quarters
$117.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PD
PD
XERS
XERS
Q4 25
$24.8M
$20.0M
Q3 25
$34.0M
$18.4M
Q2 25
$30.7M
$182.0K
Q1 25
$31.4M
$-10.0M
Q4 24
$22.1M
$2.0M
Q3 24
$35.8M
$-8.3M
Q2 24
$28.6M
$-10.3M
Q1 24
$22.2M
$-20.3M
Free Cash Flow
PD
PD
XERS
XERS
Q4 25
$24.1M
Q3 25
$33.1M
Q2 25
$30.2M
Q1 25
$30.3M
Q4 24
$21.5M
Q3 24
$35.1M
Q2 24
$28.2M
Q1 24
$21.2M
FCF Margin
PD
PD
XERS
XERS
Q4 25
19.3%
Q3 25
26.8%
Q2 25
25.2%
Q1 25
24.9%
Q4 24
18.1%
Q3 24
30.3%
Q2 24
25.4%
Q1 24
19.1%
Capex Intensity
PD
PD
XERS
XERS
Q4 25
0.6%
Q3 25
0.7%
Q2 25
0.4%
Q1 25
0.9%
Q4 24
0.5%
Q3 24
0.5%
Q2 24
0.4%
Q1 24
0.9%
Cash Conversion
PD
PD
XERS
XERS
Q4 25
0.15×
1.81×
Q3 25
3.55×
29.68×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PD
PD

US$88.8M71%
Non Us$35.7M29%

XERS
XERS

Products$83.4M97%
Other$2.4M3%

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