PEGA · Pegasystems Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $1.75B | $1.50B | $1.43B | $1.32B | $1.21B | $1.02B |
| Cost of Revenue | $421.38M | $390.67M | $378.48M | $368.63M | $336.36M | $310.91M |
| Gross Profit | $1.32B | $1.11B | $1.05B | $949.21M | $875.29M | $706.60M |
| R&D | $312.68M | $298.07M | $295.51M | $294.35M | $260.63M | $236.99M |
| SG&A | $148.72M | $112.85M | $96.74M | $117.73M | $83.51M | $67.45M |
| Total Operating Expenses | $1.06B | $982.63M | $973.18M | $1.06B | $970.02M | $850.13M |
| D&A | $13.70M | $17.59M | $18.75M | $18.78M | $28.59M | $21.35M |
| Operating Income | $263.10M | $123.88M | $80.95M | ($109.41M) | ($94.73M) | ($143.53M) |
| Interest Expense | $1.28M | $6.83M | $6.88M | $7.79M | $7.96M | $19.36M |
| Income Tax | ($112.81M) | $43.45M | $27.63M | $183.78M | ($68.95M) | ($63.52M) |
| Net Income | $393.44M | $99.19M | $67.81M | ($345.58M) | ($63.04M) | ($61.37M) |
| EPS - Basic | $2.30 | $0.58 | $0.41 | ($2.11) | ($0.39) | ($0.38) |
| EPS - Diluted | $2.13 | $0.56 | $0.36 | ($2.11) | ($0.39) | ($0.38) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $212.45M | $337.10M | $229.90M | $145.05M | $159.97M | $171.90M |
| Accounts Receivable | $264.71M | $305.47M | $300.17M | $255.15M | $182.72M | $215.83M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $12.92M | $6.23M | $11.29M | $18.20M | $15.28M | $24.03M |
| Current Assets | $978.29M | $1.33B | $1.03B | $846.48M | $840.22M | $976.91M |
| Total Assets | $1.63B | $1.77B | $1.51B | $1.36B | $1.59B | $1.60B |
| Current Liabilities | $737.78M | $1.09B | $577.06M | $538.94M | $485.40M | $460.13M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $844.46M | $1.18B | $1.16B | $1.23B | $1.18B | $1.06B |
| Stockholders' Equity | $787.38M | $585.48M | $353.84M | $130.84M | $416.09M | $542.17M |
| Retained Earnings | $463.39M | $87.90M | ($8.71M) | ($76.51M) | $276.45M | $339.88M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $505.23M | $345.93M | $217.78M | $22.34M | $39.12M | ($563.0K) |
| Investing Cash Flow | $197.25M | ($202.58M) | ($50.75M) | $13.07M | $72.50M | ($321.68M) |
| Financing Cash Flow | ($834.63M) | ($30.21M) | ($81.96M) | ($46.99M) | ($121.84M) | $423.45M |
| CapEx | $14.50M | $7.71M | $16.78M | $35.38M | $10.46M | $25.37M |
| Free Cash Flow | $490.72M | $338.21M | $201.00M | ($13.04M) | $28.66M | ($25.93M) |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 75.9% | 73.9% | 73.6% | 72.0% | 72.2% | 69.4% |
| Operating margin | 15.1% | 8.3% | 5.7% | -8.3% | -7.8% | -14.1% |
| EBITDA margin | 15.9% | 9.4% | 7.0% | -6.9% | -5.5% | -12.0% |
| Net margin | 22.5% | 6.6% | 4.7% | -26.2% | -5.2% | -6.0% |
| Free cash flow margin | 28.1% | 22.6% | 14.0% | -1.0% | 2.4% | -2.5% |
| FCF / Net income | 1.25 | 3.41 | 2.96 | 0.04 | -0.45 | 0.42 |
| R&D / Revenue | 17.9% | 19.9% | 20.6% | 22.3% | 21.5% | 23.3% |
| SG&A / Revenue | 8.5% | 7.5% | 6.8% | 8.9% | 6.9% | 6.6% |
| Effective tax rate | -40.2% | 30.5% | 29.0% | - | - | - |
| Return on assets | 24.1% | 5.6% | 4.5% | -25.5% | -4.0% | -3.8% |
| Return on equity | 50.0% | 16.9% | 19.2% | -264.1% | -15.2% | -11.3% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 1.33 | 1.23 | 1.78 | 1.57 | 1.73 | 2.12 |
| Quick ratio | 1.33 | 1.23 | 1.78 | 1.57 | 1.73 | 2.12 |
| Cash ratio | 0.29 | 0.31 | 0.40 | 0.27 | 0.33 | 0.37 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | 204.7x | 18.1x | 11.8x | -14.0x | -11.9x | -7.4x |
| Equity multiplier | 2.07 | 3.02 | 4.27 | 10.38 | 3.83 | 2.96 |
| Liabilities / Assets | 0.52 | 0.67 | 0.77 | 0.90 | 0.74 | 0.66 |
| Efficiency | ||||||
| Asset turnover | 1.07 | 0.85 | 0.95 | 0.97 | 0.76 | 0.63 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 55d | 74d | 76d | 71d | 55d | 77d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | 11d | 6d | 11d | 18d | 17d | 28d |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 28.0x | 84.0x | 66.9x | - | - | - |
| P / B | 14.0x | 7.1x | 5.9x | 10.7x | 10.9x | 9.9x |
| P / S | 6.3x | 2.8x | 1.4x | 1.1x | 3.8x | 5.3x |
| EV / EBITDA | 39.1x | 27.1x | 18.5x | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 16.6% | 4.5% | 8.7% | 8.8% | 19.1% | 14.5% |
| Revenue CAGR (3y) | 9.8% | 7.3% | 12.1% | 14.0% | - | 6.6% |
| Revenue CAGR (5y) | 11.4% | 11.0% | - | 9.4% | 10.1% | 8.3% |
| Gross profit growth (YoY) | 19.7% | 5.0% | 11.1% | 8.4% | 23.9% | 17.5% |
| Operating income growth (YoY) | 112.4% | 53.0% | - | -15.5% | 34.0% | -6.4% |
| Net income growth (YoY) | 296.7% | 46.3% | - | -448.2% | -2.7% | 32.1% |
| EPS growth (YoY) | 283.8% | 52.1% | - | -448.1% | -1.3% | 66.7% |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | 22.9% | - | - | - |
| FCF growth (YoY) | 45.1% | 68.3% | - | - | - | 50.9% |
| FCF CAGR (5y) | - | - | 48.3% | - | 6.6% | - |
| Book value growth (YoY) | 34.5% | 65.5% | 170.4% | -68.6% | -23.3% | 0.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$1.75B totalReportable Segment$1.75B · 100.0%
Product / service
$4.27B totalSubscription$1.52B · 35.5%
Subscription Services$1.01B · 23.6%
Pega Cloud$695.90M · 16.3%
Subscription License$507.37M · 11.9%
Maintenance$314.59M · 7.4%
Consulting$227.95M · 5.3%
Geographic
$1.75B totalUS$956.30M · 54.8%
EMEA$270.63M · 15.5%
Asia Pacific$213.63M · 12.2%
GB$189.99M · 10.9%
Other Americas$115.27M · 6.6%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
2.31
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
7/9
Strong
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Services-Computer Processing & Data Preparation
Comparing PEGASYSTEMS INC against the 5 most active filers in the same SIC group.
Dividends
$0.12/share trailing 12 months · +100.0% YoY
| Ex-date | Per share |
|---|---|
| Apr 1, 2026 | $0.0300 |
| Jan 2, 2026 | $0.0300 |
| Oct 1, 2025 | $0.0300 |
| Jul 1, 2025 | $0.0300 |
| Apr 1, 2025 | $0.0150 |
| Jan 2, 2025 | $0.0150 |
| Oct 1, 2024 | $0.0150 |
| Jul 1, 2024 | $0.0150 |
| Mar 28, 2024 | $0.0150 |
| Dec 29, 2023 | $0.0150 |
| Sep 29, 2023 | $0.0150 |
| Jun 30, 2023 | $0.0150 |
| Mar 31, 2023 | $0.0150 |
| Dec 30, 2022 | $0.0150 |
| Sep 30, 2022 | $0.0150 |
| Jun 30, 2022 | $0.0150 |
| Mar 31, 2022 | $0.0150 |
| Dec 31, 2021 | $0.0150 |
| Sep 30, 2021 | $0.0150 |
| Jun 30, 2021 | $0.0150 |
| Mar 31, 2021 | $0.0150 |
| Dec 30, 2020 | $0.0150 |
| Sep 30, 2020 | $0.0150 |
| Jun 30, 2020 | $0.0150 |