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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $429.97M | - | $381.35M | $384.51M | $475.63M | - | $325.05M | $351.15M | $330.15M | - |
| Cost of Revenue | $106.75M | - | $105.89M | $109.57M | $102.45M | - | $96.71M | $96.95M | $94.66M | - |
| Gross Profit | $323.22M | - | $275.46M | $274.94M | $373.18M | - | $228.34M | $254.21M | $235.49M | - |
| R&D | $82.05M | - | $78.76M | $78.78M | $74.29M | - | $74.16M | $75.42M | $72.11M | - |
| SG&A | $48.57M | - | $42.11M | $31.79M | $33.83M | - | $35.69M | $25.42M | $23.53M | - |
| Total Operating Expenses | $286.07M | - | $260.99M | $257.66M | $246.19M | - | $240.00M | $241.24M | $255.90M | - |
| D&A | $2.93M | - | - | - | $3.14M | - | - | - | $4.25M | - |
| Operating Income | $37.15M | - | $14.47M | $17.28M | $126.99M | - | ($11.66M) | $12.97M | ($20.41M) | - |
| Interest Expense | $44.0K | - | $144.0K | $1.0K | $1.75M | - | $1.53M | $1.78M | $1.75M | - |
| Income Tax | $6.94M | - | ($19.27M) | ($4.83M) | $40.89M | - | $2.77M | $8.64M | ($3.04M) | - |
| Net Income | $32.76M | - | $43.36M | $30.08M | $85.42M | - | ($14.39M) | $6.61M | ($12.12M) | - |
| EPS - Basic | $0.19 | - | $0.25 | $0.18 | $0.49 | - | ($0.09) | $0.04 | ($0.07) | - |
| EPS - Diluted | $0.18 | - | $0.24 | $0.17 | $0.46 | - | ($0.09) | $0.04 | ($0.07) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $269.96M | $212.45M | $148.70M | $201.56M | $231.13M | $337.10M | $287.65M | $258.26M | $291.90M | $229.90M |
| Accounts Receivable | $173.86M | $264.71M | $160.92M | $156.47M | $202.87M | $305.47M | $173.62M | $165.72M | $191.99M | $300.17M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $14.21M | $12.92M | $8.06M | $17.10M | $16.65M | $6.23M | $20.10M | $16.68M | $6.35M | $11.29M |
| Current Assets | $903.88M | $978.29M | $811.80M | $845.62M | $846.49M | $1.33B | $1.12B | $1.07B | $1.06B | $1.03B |
| Total Assets | $1.55B | $1.63B | $1.29B | $1.32B | $1.32B | $1.77B | $1.58B | $1.54B | $1.51B | $1.51B |
| Current Liabilities | $743.40M | $737.78M | $597.45M | $599.62M | $609.14M | $1.09B | $1.02B | $1.02B | $1.04B | $577.06M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $845.08M | $844.46M | $695.96M | $699.88M | $710.68M | $1.18B | $1.11B | $1.10B | $1.12B | $1.16B |
| Stockholders' Equity | $705.91M | $787.38M | $596.83M | $624.54M | $611.27M | $585.48M | $473.02M | $435.40M | $390.19M | $353.84M |
| Retained Earnings | $491.09M | $463.39M | $233.93M | $195.68M | $170.76M | $87.90M | ($28.61M) | ($14.22M) | ($20.83M) | ($8.71M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $212.25M | - | - | - | $204.23M | - | - | - | $180.15M | - |
| Investing Cash Flow | $2.76M | - | - | - | $261.89M | - | - | - | ($132.40M) | - |
| Financing Cash Flow | ($154.16M) | - | - | - | ($575.99M) | - | - | - | $17.90M | - |
| CapEx | $5.73M | - | - | - | $1.88M | - | - | - | $604.0K | - |
| Free Cash Flow | $206.53M | - | - | - | $202.35M | - | - | - | $179.54M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 75.2% | - | 72.2% | 71.5% | 78.5% | - | 70.2% | 72.4% | 71.3% | - |
| Operating margin | 8.6% | - | 3.8% | 4.5% | 26.7% | - | -3.6% | 3.7% | -6.2% | - |
| EBITDA margin | 9.3% | - | - | - | 27.4% | - | - | - | -4.9% | - |
| Net margin | 7.6% | - | 11.4% | 7.8% | 18.0% | - | -4.4% | 1.9% | -3.7% | - |
| Free cash flow margin | 48.0% | - | - | - | 42.5% | - | - | - | 54.4% | - |
| FCF / Net income | 6.30 | - | - | - | 2.37 | - | - | - | -14.81 | - |
| R&D / Revenue | 19.1% | - | 20.7% | 20.5% | 15.6% | - | 22.8% | 21.5% | 21.8% | - |
| SG&A / Revenue | 11.3% | - | 11.0% | 8.3% | 7.1% | - | 11.0% | 7.2% | 7.1% | - |
| Effective tax rate | 17.5% | - | -80.0% | -19.1% | 32.4% | - | - | 56.7% | - | - |
| Return on assets | 2.1% | - | 3.4% | 2.3% | 6.5% | - | -0.9% | 0.4% | -0.8% | - |
| Return on equity | 4.6% | - | 7.3% | 4.8% | 14.0% | - | -3.0% | 1.5% | -3.1% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.22 | 1.33 | 1.36 | 1.41 | 1.39 | 1.23 | 1.09 | 1.05 | 1.01 | 1.78 |
| Quick ratio | 1.22 | 1.33 | 1.36 | 1.41 | 1.39 | 1.23 | 1.09 | 1.05 | 1.01 | 1.78 |
| Cash ratio | 0.36 | 0.29 | 0.25 | 0.34 | 0.38 | 0.31 | 0.28 | 0.25 | 0.28 | 0.40 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 844.3x | - | 100.5x | 17279.0x | 72.5x | - | -7.6x | 7.3x | -11.7x | - |
| Equity multiplier | 2.20 | 2.07 | 2.17 | 2.12 | 2.16 | 3.02 | 3.34 | 3.53 | 3.87 | 4.27 |
| Liabilities / Assets | 0.54 | 0.52 | 0.54 | 0.53 | 0.54 | 0.67 | 0.70 | 0.72 | 0.74 | 0.77 |
| Efficiency | ||||||||||
| Asset turnover | 0.28 | - | 0.29 | 0.29 | 0.36 | - | 0.21 | 0.23 | 0.22 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 148d | - | 154d | 149d | 156d | - | 195d | 172d | 212d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 49d | - | 28d | 57d | 59d | - | 76d | 63d | 24d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 236.4x | - | 239.6x | 318.4x | 76.4x | - | - | 864.7x | - | - |
| P / B | 10.8x | - | 17.7x | 15.8x | 5.4x | - | 6.6x | 6.2x | 7.0x | - |
| P / S | 17.7x | - | 27.8x | 25.6x | 6.9x | - | 9.6x | 7.6x | 8.2x | - |
| EV / EBITDA | 183.2x | - | - | - | 23.4x | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -9.6% | - | 17.3% | 9.5% | 44.1% | - | -2.9% | 17.7% | 1.4% | - |
| Revenue CAGR (3y) | 9.7% | - | 12.1% | 11.9% | 8.1% | - | 8.2% | 2.5% | 1.7% | - |
| Revenue CAGR (5y) | 6.5% | - | 11.0% | 11.1% | 12.4% | - | 8.4% | 12.3% | 9.2% | - |
| Gross profit growth (YoY) | -13.4% | - | 20.6% | 8.2% | 58.5% | - | -5.2% | 25.8% | 3.5% | - |
| Operating income growth (YoY) | -70.7% | - | - | 33.3% | - | - | -7.8% | - | 8.1% | - |
| Net income growth (YoY) | -61.6% | - | - | 354.8% | - | - | -97.7% | - | 41.6% | - |
| EPS growth (YoY) | -60.4% | - | - | 385.7% | - | - | 5.6% | - | 72.0% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | -56.7% | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 2.1% | - | - | - | 12.7% | - | - | - | 217.1% | - |
| FCF CAGR (5y) | 59.7% | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 15.5% | 34.5% | 26.2% | 43.4% | 56.7% | 65.5% | 182.2% | 199.5% | 152.6% | 170.4% |
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%
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 |