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Pegasystems (PEGA) Financials

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$33.01 +0.27 (+0.82%)
Closing price 08/10/2026 04:00 PM Eastern
Extended Trading
$33.05 +0.04 (+0.12%)
As of 08:44 AM Eastern
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Annual Income Statements for Pegasystems

Annual Income Statements for Pegasystems

This table shows Pegasystems' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 36 45 99 11 -90 -61 -63 -346 68 99 393
Consolidated Net Income / (Loss)		 36 45 99 11 -90 -61 -63 -346 68 99 393
Net Income / (Loss) Continuing Operations		 36 45 99 11 -90 -61 -63 -346 68 99 393
Total Pre-Tax Income 		61 55 86 -12 -135 -125 -132 -162 95 143 281
Total Operating Income		 65 51 93 -17 -135 -144 -95 -109 81 124 263
Total Gross Profit		 469 523 609 590 601 707 875 949 1,054 1,107 1,324
Total Revenue		 683 762 888 892 911 1,018 1,212 1,318 1,433 1,497 1,746
Operating Revenue		 683 762 888 892 911 1,018 1,212 1,318 1,433 1,497 1,746
Total Cost of Revenue		 213 239 280 302 310 311 336 369 378 391 421
Operating Cost of Revenue		 213 239 280 302 310 311 336 369 378 391 421
Total Operating Expenses		 405 472 516 607 736 850 970 1,059 973 983 1,061
Selling, General & Admin Expense		 37 46 52 52 57 67 84 118 97 113 149
Marketing Expense		 241 278 301 373 474 546 626 625 559 535 579
Research & Development Expense		 126 146 163 182 205 237 261 294 296 298 313
Restructuring Charge		 0.09 2.90 - - - 0.00 0.00 22 22 4.53 12
Other Special Charges / (Income)		 - - - - - - - 0.00 0.00 32 9.75
Total Other Income / (Expense), net		 -4.16 4.69 -6.94 5.49 0.03 19 -37 -52 14 19 18
Interest Expense		 - - - 0.01 0.21 19 7.96 7.79 6.88 6.84 1.29
Interest & Investment Income		 1.06 0.91 0.86 2.72 2.02 1.22 0.70 1.64 9.26 26 14
Other Income / (Expense), net		 -5.21 3.78 -7.80 2.78 -1.78 37 -30 -46 12 -0.19 5.17
Income Tax Expense		 24 10 -12 -22 -44 -64 -69 184 28 43 -113
Basic Earnings per Share		 $0.47 $0.59 $1.27 $0.14 ($1.14) ($0.76) ($0.77) ($4.22) $0.41 $0.58 $2.30
Weighted Average Basic Shares Outstanding		 76.51M 76.34M 77.43M 78.56M 79.06M 80.34M 81.39M 81.95M 166.32M 170.53M 170.78M
Diluted Earnings per Share		 $0.46 $0.56 $1.19 $0.13 ($1.14) ($0.76) ($0.77) ($4.22) $0.37 $0.55 $2.13
Weighted Average Diluted Shares Outstanding		 79.04M 79.73M 82.83M 83.06M 79.06M 80.34M 81.39M 81.95M 169.83M 179.27M 184.79M
Weighted Average Basic & Diluted Shares Outstanding		 77.30M 77.10M 229.20M 75.80M 79.66M 80.90M 81.63M 82.47M 83.91M 85.90M 169.04M

Quarterly Income Statements for Pegasystems

This table shows Pegasystems' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 143 -12 6.61 -14 119 85 30 43 235 33 13
Consolidated Net Income / (Loss)		 143 -12 6.61 -14 119 85 30 43 235 33 13
Net Income / (Loss) Continuing Operations		 143 -12 6.61 -14 119 85 30 43 235 33 13
Total Pre-Tax Income 		155 -15 15 -12 154 126 25 24 105 40 19
Total Operating Income		 155 -20 13 -12 143 127 17 14 104 37 17
Total Gross Profit		 384 235 254 228 388 373 275 275 401 323 313
Total Revenue		 474 330 351 325 491 476 385 381 504 430 421
Operating Revenue		 474 330 351 325 491 476 385 381 504 430 421
Total Cost of Revenue		 91 95 97 97 102 102 110 106 103 107 108
Operating Cost of Revenue		 91 95 97 97 102 102 110 106 103 107 108
Total Operating Expenses		 228 256 241 240 245 246 258 261 296 286 296
Selling, General & Admin Expense		 23 24 25 36 28 34 32 42 41 49 44
Marketing Expense		 134 128 140 128 140 138 147 140 153 156 165
Research & Development Expense		 71 72 75 74 76 74 79 79 81 82 84
Restructuring Charge		 0.30 0.16 0.64 2.49 1.25 0.01 -0.04 -0.01 12 -0.15 2.74
Total Other Income / (Expense), net		 -0.36 5.25 2.29 0.04 11 -0.68 7.97 9.63 0.61 2.56 1.88
Interest Expense		 1.65 1.75 1.66 1.64 1.79 1.03 0.00 0.14 0.11 0.04 0.05
Interest & Investment Income		 3.43 5.28 6.79 6.77 6.94 5.34 3.25 2.66 2.40 2.95 2.50
Other Income / (Expense), net		 -2.15 1.72 -2.84 -5.09 6.02 -4.99 4.72 7.11 -1.67 -0.35 -0.58
Income Tax Expense		 12 -3.04 8.64 2.77 35 41 -4.83 -19 -130 6.94 5.18
Basic Earnings per Share		 $1.72 ($0.14) $0.04 ($0.08) $1.39 $0.50 $0.18 $0.25 $1.37 $0.19 $0.08
Weighted Average Basic Shares Outstanding		 83.16M 84.27M 170.31M 171.25M 85.27M 171.80M 170.78M 170.57M 170.78M 168.82M 165.61M
Diluted Earnings per Share		 $1.63 ($0.14) $0.04 ($0.08) $1.35 $0.46 $0.17 $0.24 $1.37 $0.18 $0.08
Weighted Average Diluted Shares Outstanding		 84.91M 84.27M 177M 171.25M 89.63M 188.83M 182.16M 184.10M 184.79M 178.84M 171.77M
Weighted Average Basic & Diluted Shares Outstanding		 83.91M 85.03M 85.41M 85.75M 85.90M 85.12M 171.08M 169.72M 169.04M 167.66M 164.40M

Annual Cash Flow Statements for Pegasystems

This table details how cash moves in and out of Pegasystems' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -22 -22 92 -48 -46 104 -12 -15 88 109 -125
Net Cash From Operating Activities		 68 40 158 104 -42 -0.56 39 22 218 346 505
Net Cash From Continuing Operating Activities		 68 40 158 104 -42 -0.56 39 22 218 346 505
Net Income / (Loss) Continuing Operations		 36 45 99 11 -90 -61 -63 -346 68 99 393
Consolidated Net Income / (Loss)		 36 45 99 11 -90 -61 -63 -346 68 99 393
Depreciation Expense		 23 24 25 25 21 21 29 19 19 18 14
Amortization Expense		 2.24 13 13 19 30 33 41 71 72 65 78
Non-Cash Adjustments To Reconcile Net Income		 35 30 58 60 97 99 167 173 137 147 152
Changes in Operating Assets and Liabilities, net		 -29 -73 -37 -10 -100 -93 -135 105 -78 18 -131
Net Cash From Investing Activities		 -44 -7.17 -15 -48 70 -322 73 13 -51 -203 197
Net Cash From Continuing Investing Activities		 -44 -7.17 -15 -48 70 -322 73 13 -51 -203 197
Purchase of Property, Plant & Equipment		 -11 -19 -14 -12 -11 -25 -10 -35 -17 -7.71 -15
Purchase of Investments		 -76 -24 -28 -69 -11 -327 -79 -41 -287 -559 -349
Sale and/or Maturity of Investments		 44 85 27 34 103 30 167 90 253 365 560
Net Cash From Financing Activities		 -41 -52 -54 -101 -74 423 -122 -47 -82 -30 -835
Net Cash From Continuing Financing Activities		 -41 -52 -54 -101 -74 423 -122 -47 -82 -30 -835
Repayment of Debt		 - - 0.00 0.00 -45 -15 0.00 0.00 -89 -34 -468
Repurchase of Common Equity		 -23 -27 -4.34 -54 -22 -28 -53 -26 0.00 -68 -500
Payment of Dividends		 -9.19 -9.17 -9.28 -9.43 -9.49 -9.63 -9.76 -9.83 -9.96 -10 -15
Issuance of Common Equity		 - - - - 2.20 3.04 11 9.17 7.74 6.71 7.47
Other Financing Activities, net		 -8.64 -15 -41 -38 -45 -127 -70 -21 8.91 75 141
Effect of Exchange Rate Changes		 -4.25 -3.42 2.44 - - - - - 2.70 -4.43 6.99
Cash Interest Paid		 - - - 0.00 0.00 2.34 4.50 4.50 4.13 3.81 1.75
Cash Income Taxes Paid		 30 29 -2.32 6.63 4.75 3.38 -4.55 7.65 12 82 22

Quarterly Cash Flow Statements for Pegasystems

This table details how cash moves in and out of Pegasystems' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 61 63 -33 36 42 -106 -29 -52 63 58 -153
Net Cash From Operating Activities		 80 180 40 30 95 204 86 56 158 212 86
Net Cash From Continuing Operating Activities		 80 180 40 30 95 204 86 56 158 212 19
Net Income / (Loss) Continuing Operations		 143 -12 6.61 -14 119 85 30 43 235 33 13
Consolidated Net Income / (Loss)		 143 -12 6.61 -14 119 85 30 43 235 33 13
Depreciation Expense		 4.57 4.25 4.56 4.48 4.30 3.14 3.18 3.10 4.29 2.93 2.87
Amortization Expense		 28 18 15 15 18 20 17 20 21 19 19
Non-Cash Adjustments To Reconcile Net Income		 27 34 40 45 27 47 32 36 36 46 -30
Changes in Operating Assets and Liabilities, net		 -122 136 -26 -19 -73 49 3.53 -46 -137 111 13
Net Cash From Investing Activities		 -27 -132 -77 -6.30 13 262 -49 1.90 -18 2.76 23
Net Cash From Continuing Investing Activities		 -27 -132 -77 -6.30 13 262 -49 1.90 -18 2.76 23
Purchase of Property, Plant & Equipment		 -2.51 -0.60 -1.25 -3.06 -2.79 -1.88 -2.14 -4.47 -6.02 -5.73 -4.24
Purchase of Investments		 -97 -161 -130 -126 -142 -69 -89 -80 -110 -18 -15
Sale and/or Maturity of Investments		 73 30 54 122 158 333 43 87 98 27 43
Net Cash From Financing Activities		 3.07 18 4.60 4.45 -57 -576 -70 -110 -78 -154 -195
Net Cash From Continuing Financing Activities		 3.07 18 4.60 4.45 -57 -576 -70 -110 -78 -154 -195
Repurchase of Common Equity		 - 0.00 - - -57 -117 -134 -143 -105 -167 -200
Payment of Dividends		 -2.51 -2.52 -2.55 -2.56 -2.57 -2.58 -2.57 -5.16 -5.12 -5.11 -5.06
Issuance of Common Equity		 -4.99 22 7.51 19 -42 14 71 44 -122 20 11
Other Financing Activities, net		 11 -2.01 -0.36 -0.63 78 -2.30 -4.30 -6.04 154 -2.11 -0.80
Other Net Changes in Cash		 4.32 -2.80 - - - 3.57 - - - -2.90 0.60

Annual Balance Sheets for Pegasystems

This table presents Pegasystems' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 628 655 1,013 983 985 1,604 1,594 1,358 1,511 1,768 1,632
Total Current Assets		 446 425 648 611 506 977 840 846 1,029 1,334 978
Cash & Equivalents		 93 71 162 114 68 172 160 145 230 337 212
Short-Term Investments		 126 63 61 93 0.00 293 203 152 193 403 213
Accounts Receivable		 212 265 383 354 380 423 409 469 538 479 431
Other Current Assets		 11 12 41 50 57 89 68 80 68 115 121
Plant, Property, & Equipment, net		 31 38 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Noncurrent Assets		 150 191 365 372 479 627 753 511 482 435 654
Noncurrent Note & Lease Receivables		 - - 161 151 122 113 130 96 85 61 103
Goodwill		 47 73 73 73 79 79 82 81 82 81 82
Noncurrent Deferred & Refundable Income Taxes		 66 70 - - - - - - - - 175
Other Noncurrent Operating Assets		 4.03 3.99 131 148 278 435 542 334 315 292 294
Total Liabilities & Shareholders' Equity		 628 655 1,013 983 985 1,604 1,594 1,358 1,511 1,768 1,632
Total Liabilities		 305 319 357 361 446 1,062 1,177 1,227 1,157 1,183 844
Total Current Liabilities		 267 287 295 332 378 460 485 539 577 1,086 738
Accounts Payable		 13 14 17 16 17 24 15 18 11 6.23 13
Accrued Expenses		 43 37 46 43 48 59 64 50 167 170 194
Current Deferred Revenue		 156 176 166 185 190 233 276 325 378 424 509
Other Current Liabilities		 - - - 2.36 18 21 9.44 17 21 19 22
Total Noncurrent Liabilities		 38 31 62 29 68 602 692 688 580 97 107
Other Noncurrent Operating Liabilities		 16 16 24 29 68 84 101 94 80 97 107
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 323 336 656 622 539 542 416 131 354 585 787
Total Preferred & Common Equity		 323 336 656 622 539 542 416 131 354 585 787
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 323 336 656 622 539 542 416 131 354 585 787
Common Stock		 146 145 153 124 141 205 147 230 380 528 333
Retained Earnings		 180 198 510 511 411 340 276 -77 -8.71 88 463
Accumulated Other Comprehensive Income / (Loss)		 -3.51 -7.10 -6.71 -13 -13 -2.95 -6.99 -23 -18 -30 -8.64

Quarterly Balance Sheets for Pegasystems

This table presents Pegasystems' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 1,282 1,192 1,223 1,512 1,537 1,579 1,322 1,324 1,293 1,551 1,384
Total Current Assets		 796 738 776 1,060 1,072 1,119 846 846 812 904 762
Cash & Equivalents		 168 187 169 292 258 288 231 202 149 270 185
Short-Term Investments		 156 126 167 327 407 415 141 210 203 204 177
Accounts Receivable		 398 346 369 362 330 331 382 341 337 316 297
Other Current Assets		 74 79 71 78 76 85 93 93 124 114 103
Plant, Property, & Equipment, net		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Noncurrent Assets		 486 455 446 452 465 460 475 479 481 647 622
Noncurrent Note & Lease Receivables		 80 70 74 73 81 78 98 104 106 87 78
Goodwill		 81 82 81 81 81 82 81 82 81 81 81
Noncurrent Deferred & Refundable Income Taxes		 - - - - - - - - - 174 177
Other Noncurrent Operating Assets		 325 303 291 298 302 301 296 293 294 304 286
Total Liabilities & Shareholders' Equity		 1,282 1,192 1,223 1,512 1,537 1,579 1,322 1,324 1,293 1,551 1,384
Total Liabilities		 1,127 1,047 1,055 1,122 1,101 1,106 711 700 696 845 824
Total Current Liabilities		 475 461 473 1,044 1,017 1,025 609 600 597 743 719
Accounts Payable		 13 8.44 21 6.35 17 20 17 17 8.06 14 53
Accrued Expenses		 45 53 44 136 126 139 106 143 164 147 180
Current Deferred Revenue		 343 311 297 383 353 346 469 419 405 557 463
Other Current Liabilities		 18 17 18 19 21 18 17 20 21 25 24
Total Noncurrent Liabilities		 652 586 582 77 85 82 102 100 99 102 104
Other Noncurrent Operating Liabilities		 91 88 83 77 85 82 102 100 99 102 104
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 154 145 168 390 435 473 611 625 597 706 560
Total Preferred & Common Equity		 154 145 168 390 435 473 611 625 597 706 560
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 154 145 168 390 435 473 611 625 597 706 560
Common Stock		 273 311 344 433 474 515 462 433 372 229 74
Retained Earnings		 -97 -144 -151 -21 -14 -29 171 196 234 491 499
Accumulated Other Comprehensive Income / (Loss)		 -22 -21 -25 -22 -24 -13 -22 -4.31 -8.82 -14 -13

Annual Metrics And Ratios for Pegasystems

This table displays calculated financial ratios and metrics derived from Pegasystems' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 15.71% 11.65% 16.56% 0.35% 2.22% 11.65% 19.08% 8.76% 8.71% 4.51% 16.61%
EBITDA Growth		 16.81% 8.51% 34.32% -75.79% -385.17% 38.92% -5.08% -19.60% 380.79% 12.10% 74.59%
EBIT Growth		 25.66% -8.45% 56.87% -116.69% -859.11% 21.88% -16.84% -24.78% 159.79% 32.92% 116.89%
NOPAT Growth		 8.70% 6.14% 158.46% -111.20% -691.91% -6.41% 34.00% -15.49% 175.10% 49.78% 328.18%
Net Income Growth		 9.22% 23.93% 118.92% -89.23% -951.78% 32.13% -2.72% -448.19% 119.62% 46.28% 296.65%
EPS Growth		 9.52% 21.74% 112.50% -89.08% -976.92% 33.33% -1.32% -448.05% 117.30% 52.05% 287.27%
Operating Cash Flow Growth		 -34.35% -41.19% 296.84% -34.05% -140.41% 98.66% 7,048.14% -42.90% 875.04% 58.84% 46.05%
Free Cash Flow Firm Growth		 -72.48% -408.49% -116.13% 104.93% -2,578.06% -49.07% 48.83% 221.78% -60.86% 269.97% 57.73%
Invested Capital Growth		 24.31% 94.76% 113.79% -4.17% 13.65% 26.47% 8.20% -33.66% 0.62% -27.19% 15.53%
Revenue Q/Q Growth		 5.47% 0.96% 5.09% 0.20% 2.26% 2.22% 1.47% 6.49% 5.74% 1.12% 0.78%
EBITDA Q/Q Growth		 12.36% 10.14% 18.92% -30.70% 21.35% -0.69% -505.43% 61.06% 285.71% -1.04% -10.06%
EBIT Q/Q Growth		 14.99% -9.45% 8.12% -363.27% -14.82% 6.51% -83.82% 33.73% 404.09% -3.22% -14.72%
NOPAT Q/Q Growth		 0.24% 2.15% 26.39% -144.31% -14.61% -3.00% -38.35% 37.78% 305.02% -26.11% 45.06%
Net Income Q/Q Growth		 2.41% 14.85% 16.31% -69.49% -20.68% 4.79% -189.33% 17.21% 268.49% -19.20% 41.55%
EPS Q/Q Growth		 0.00% 9.80% 15.53% -68.29% -20.00% 5.00% -175.00% 16.77% 252.08% -20.14% 30.67%
Operating Cash Flow Q/Q Growth		 13.12% 19.27% 18.76% -6.32% -277.12% 98.98% 92.01% -27.93% 25.38% 4.65% 14.30%
Free Cash Flow Firm Q/Q Growth		 150.36% 25.13% -218.06% 102.89% -80.22% 12.22% 32.43% -27.10% 128.66% 15.75% 14.35%
Invested Capital Q/Q Growth		 28.08% 2.24% 143.69% -0.19% 13.06% 3.50% -7.67% 11.80% 30.23% 15.38% 47.30%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 68.73% 68.61% 68.52% 66.15% 65.98% 69.44% 72.24% 72.03% 73.58% 73.91% 75.86%
EBITDA Margin		 12.42% 12.07% 13.91% 3.36% -9.36% -5.12% -4.52% -4.97% 12.83% 13.77% 20.61%
Operating Margin		 9.47% 6.64% 10.49% -1.91% -14.80% -14.11% -7.82% -8.30% 5.65% 8.27% 15.07%
EBIT Margin		 8.71% 7.14% 9.61% -1.60% -14.99% -10.49% -10.29% -11.81% 6.50% 8.26% 15.37%
Profit (Net Income) Margin		 5.32% 5.91% 11.09% 1.19% -9.92% -6.03% -5.20% -26.22% 4.73% 6.63% 22.54%
Tax Burden Percent		 60.03% 81.35% 114.28% -91.98% 67.06% 49.14% 47.76% 213.59% 71.05% 69.54% 140.20%
Interest Burden Percent		 101.78% 101.67% 101.01% 81.01% 98.68% 116.99% 105.81% 103.95% 102.56% 115.32% 104.61%
Effective Tax Rate		 39.97% 18.65% -14.28% 0.00% 0.00% 0.00% 0.00% 0.00% 28.95% 30.46% -40.20%
Return on Invested Capital (ROIC)		 41.46% 26.94% 33.58% -2.82% -21.34% -18.85% -10.70% -14.30% 13.42% 23.19% 109.36%
ROIC Less NNEP Spread (ROIC-NNEP)		 42.62% 24.77% 38.02% -13.27% -24.23% -528.98% -8.37% -116.90% 18.95% 9.92% 102.33%
Return on Net Nonoperating Assets (RNNOA)		 -29.69% -13.27% -13.70% 4.48% 5.76% 7.50% -2.46% -112.07% 14.56% -2.07% -52.05%
Return on Equity (ROE)		 11.76% 13.67% 19.87% 1.66% -15.58% -11.35% -13.16% -126.37% 27.98% 21.12% 57.32%
Cash Return on Invested Capital (CROIC)		 19.78% -37.36% -38.95% 1.44% -34.12% -42.23% -18.58% 26.18% 12.81% 54.67% 94.95%
Operating Return on Assets (OROA)		 9.78% 8.49% 10.24% -1.43% -13.89% -8.25% -7.80% -10.55% 6.49% 7.54% 15.78%
Return on Assets (ROA)		 5.98% 7.02% 11.82% 1.06% -9.19% -4.74% -3.94% -23.42% 4.73% 6.05% 23.14%
Return on Common Equity (ROCE)		 11.76% 13.67% 19.87% 1.66% -15.58% -11.35% -13.16% -126.37% 27.98% 21.12% 57.32%
Return on Equity Simple (ROE_SIMPLE)		 11.25% 13.40% 15.03% 1.71% -16.78% -11.32% -15.15% -264.12% 19.16% 16.94% 0.00%
Net Operating Profit after Tax (NOPAT)		 39 41 106 -12 -94 -100 -66 -77 58 86 369
NOPAT Margin		 5.69% 5.41% 11.98% -1.34% -10.36% -9.87% -5.47% -5.81% 4.01% 5.75% 21.13%
Net Nonoperating Expense Percent (NNEP)		 -1.16% 2.16% -4.44% 10.46% 2.89% 510.12% -2.33% 102.61% -5.53% 13.28% 7.04%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - -10.57% 6.74% 8.18% 46.85%
Cost of Revenue to Revenue		 31.27% 31.39% 31.48% 33.85% 34.02% 30.56% 27.76% 27.97% 26.42% 26.09% 24.14%
SG&A Expenses to Revenue		 5.38% 6.03% 5.87% 5.79% 6.21% 6.63% 6.89% 8.93% 6.75% 7.54% 8.52%
R&D to Revenue		 18.51% 19.10% 18.33% 20.38% 22.52% 23.29% 21.51% 22.34% 20.63% 19.91% 17.91%
Operating Expenses to Revenue		 59.26% 61.97% 58.03% 68.06% 80.78% 83.55% 80.06% 80.33% 67.93% 65.63% 60.79%
Earnings before Interest and Taxes (EBIT)		 59 54 85 -14 -137 -107 -125 -156 93 124 268
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 85 92 124 30 -85 -52 -55 -65 184 206 360
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 6.39 8.06 5.53 6.00 11.62 19.69 21.81 21.42 11.52 13.65 12.87
Price to Tangible Book Value (P/TBV)		 8.50 12.39 6.22 6.79 13.62 23.06 27.16 56.67 14.97 15.84 14.35
Price to Revenue (P/Rev)		 3.02 3.55 4.08 4.18 6.87 10.49 7.49 2.13 2.84 5.34 5.80
Price to Earnings (P/E)		 56.78 60.15 36.79 350.96 0.00 0.00 0.00 0.00 60.11 80.55 25.75
Dividend Yield		 0.44% 0.34% 0.26% 0.25% 0.15% 0.09% 0.11% 0.35% 0.25% 0.13% 0.15%
Earnings Yield		 1.76% 1.66% 2.72% 0.28% 0.00% 0.00% 0.00% 0.00% 1.66% 1.24% 3.88%
Enterprise Value to Invested Capital (EV/IC)		 17.76 12.73 7.87 8.50 13.17 18.03 14.45 7.25 9.66 24.66 26.84
Enterprise Value to Revenue (EV/Rev)		 2.70 3.38 3.83 3.95 6.80 10.54 7.68 2.35 2.90 5.15 5.56
Enterprise Value to EBITDA (EV/EBITDA)		 21.74 27.98 27.53 117.63 0.00 0.00 0.00 0.00 22.58 37.44 26.97
Enterprise Value to EBIT (EV/EBIT)		 31.00 47.30 39.85 0.00 0.00 0.00 0.00 0.00 44.61 62.39 36.18
Enterprise Value to NOPAT (EV/NOPAT)		 47.48 62.48 31.95 0.00 0.00 0.00 0.00 0.00 72.18 89.58 26.31
Enterprise Value to Operating Cash Flow (EV/OCF)		 27.18 64.55 21.50 33.72 0.00 0.00 237.83 138.73 19.06 22.31 19.21
Enterprise Value to Free Cash Flow (EV/FCFF)		 99.50 0.00 0.00 577.63 0.00 0.00 0.00 22.10 75.65 38.01 30.30
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.96 1.42 4.54 1.41 0.80 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.96 1.42 4.54 1.41 0.00 0.00
Financial Leverage		 -0.70 -0.54 -0.36 -0.34 -0.24 -0.01 0.29 0.96 0.77 -0.21 -0.51
Leverage Ratio		 1.97 1.95 1.68 1.56 1.70 2.39 3.34 5.40 5.92 3.49 2.48
Compound Leverage Factor		 2.00 1.98 1.70 1.27 1.67 2.80 3.53 5.61 6.07 4.03 2.59
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 48.87% 58.67% 81.94% 58.53% 44.40% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 44.40% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 48.87% 58.67% 81.94% 58.53% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 100.00% 100.00% 51.13% 41.33% 18.06% 41.47% 55.60% 100.00%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 -9.95 -10.79 -9.06 2.72 2.27 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 -1.02 -4.16 -4.53 0.41 -1.32 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 -9.95 -10.79 -9.06 2.72 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 -5.16 -8.91 -7.75 8.68 5.43 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 -0.53 -3.44 -3.87 1.32 -3.16 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 -5.16 -8.91 -7.75 8.68 0.00 0.00
Altman Z-Score		 6.20 7.21 8.37 8.12 9.64 7.13 5.64 2.16 3.62 5.37 9.38
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.67 1.48 2.20 1.84 1.34 2.12 1.73 1.57 1.78 1.23 1.33
Quick Ratio		 1.61 1.39 2.06 1.69 1.19 1.93 1.59 1.42 1.67 1.12 1.16
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 19 -57 -124 6.09 -151 -225 -115 140 55 203 320
Operating Cash Flow to CapEx		 615.27% 208.90% 1,151.55% 877.46% -397.48% -2.22% 374.12% 63.13% 1,297.81% 4,485.56% 3,483.36%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 609.16 -712.05 -11.63 -14.47 17.99 7.98 29.71 249.23
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 10,435.60 -198.89 -0.03 4.92 2.87 31.67 50.61 393.17
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 9,246.30 -248.93 -1.34 3.60 -1.67 29.23 49.48 381.89
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.12 1.19 1.07 0.89 0.93 0.79 0.76 0.89 1.00 0.91 1.03
Accounts Receivable Turnover		 3.72 3.20 2.74 2.42 2.49 2.53 2.91 3.00 2.85 2.95 3.84
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 22.21 21.90 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 24.50 17.66 17.60 17.83 18.26 14.98 17.11 22.02 25.67 44.61 44.01
Days Sales Outstanding (DSO)		 98.02 114.18 133.07 150.72 146.87 144.01 125.38 121.63 128.21 123.86 95.10
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 14.90 20.66 20.74 20.48 19.99 24.36 21.33 16.57 14.22 8.18 8.29
Cash Conversion Cycle (CCC)		 83.12 93.51 112.33 130.25 126.88 119.65 104.05 105.06 113.99 115.68 86.81
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 104 202 432 414 471 595 644 427 430 313 362
Invested Capital Turnover		 7.29 4.98 2.80 2.11 2.06 1.91 1.96 2.46 3.34 4.03 5.18
Increase / (Decrease) in Invested Capital		 20 98 230 -18 57 125 49 -217 2.64 -117 49
Enterprise Value (EV)		 1,843 2,574 3,402 3,519 6,197 10,729 9,304 3,099 4,152 7,717 9,705
Market Capitalization		 2,062 2,708 3,626 3,726 6,266 10,676 9,076 2,802 4,076 7,990 10,131
Book Value per Share		 $4.22 $4.40 $8.42 $7.90 $6.79 $6.72 $5.09 $1.59 $4.23 $6.83 $4.64
Tangible Book Value per Share		 $3.18 $2.86 $7.49 $6.97 $5.80 $5.74 $4.09 $0.60 $3.26 $5.88 $4.16
Total Capital		 323 336 656 622 539 1,060 1,007 724 853 1,053 787
Total Debt		 0.00 0.00 0.00 0.00 0.00 518 591 594 499 467 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 518 591 594 499 0.00 0.00
Net Debt		 -219 -134 -224 -207 -68 53 228 296 76 -273 -426
Capital Expenditures (CapEx)		 11 19 14 12 11 25 10 35 17 7.71 15
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -40 3.90 129 71 59 52 -7.97 10 29 -25 -185
Debt-free Net Working Capital (DFNWC)		 179 138 353 279 128 517 355 308 452 715 241
Net Working Capital (NWC)		 179 138 353 279 128 517 355 308 452 248 241
Net Nonoperating Expense (NNE)		 2.49 -3.82 7.93 -23 -3.98 -39 -3.27 269 -10 -13 -25
Net Nonoperating Obligations (NNO)		 -219 -134 -224 -207 -68 53 228 296 76 -273 -426
Total Depreciation and Amortization (D&A)		 25 38 38 44 51 55 70 90 91 82 92
Debt-free, Cash-free Net Working Capital to Revenue		 -5.83% 0.51% 14.54% 8.01% 6.51% 5.07% -0.66% 0.78% 2.00% -1.66% -10.61%
Debt-free Net Working Capital to Revenue		 26.26% 18.06% 39.72% 31.27% 14.01% 50.79% 29.28% 23.34% 31.55% 47.76% 13.78%
Net Working Capital to Revenue		 26.26% 18.06% 39.72% 31.27% 14.01% 50.79% 29.28% 23.34% 31.55% 16.54% 13.78%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.47 $0.35 $0.43 $0.14 ($1.14) ($0.76) ($0.77) ($4.22) $0.82 $1.16 $2.30
Adjusted Weighted Average Basic Shares Outstanding		 76.51M 76.34M 77.43M 78.56M 79.06M 80.34M 81.39M 81.95M 83.16M 85.27M 170.78M
Adjusted Diluted Earnings per Share		 $0.46 $0.34 $0.40 $0.13 ($1.14) ($0.76) ($0.77) ($4.22) $0.73 $1.11 $2.13
Adjusted Weighted Average Diluted Shares Outstanding		 79.04M 79.73M 82.83M 83.06M 79.06M 80.34M 81.39M 81.95M 84.91M 89.63M 184.79M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 76.27M 76.64M 78.10M 78.44M 79.66M 80.90M 81.63M 82.47M 83.91M 85.90M 169.04M
Normalized Net Operating Profit after Tax (NOPAT)		 39 44 65 -12 -94 -100 -66 -61 73 112 199
Normalized NOPAT Margin		 5.69% 5.71% 7.34% -1.34% -10.36% -9.87% -5.47% -4.66% 5.09% 7.47% 11.40%
Pre Tax Income Margin		 8.86% 7.26% 9.71% -1.29% -14.80% -12.27% -10.89% -12.28% 6.66% 9.53% 16.07%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 -1,424.80 -644.59 -5.52 -15.68 -19.98 13.53 18.10 208.77
NOPAT to Interest Expense		 0.00 0.00 0.00 -1,192.24 -445.35 -5.19 -8.33 -9.83 8.36 12.60 287.05
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 -2,614.10 -694.63 -6.83 -16.99 -24.52 11.09 16.97 197.48
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 -2,381.54 -495.39 -6.50 -9.65 -14.37 5.92 11.48 275.77
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 25.31% 20.38% 9.41% 88.84% -10.49% -15.69% -15.48% -2.85% 14.69% 10.28% 3.92%
Augmented Payout Ratio		 88.15% 80.91% 13.81% 601.54% -34.97% -61.27% -99.10% -10.28% 14.69% 78.90% 130.93%

Quarterly Metrics And Ratios for Pegasystems

This table displays calculated financial ratios and metrics derived from Pegasystems' official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 169,043,716.00 167,657,568.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 169,043,716.00 167,657,568.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 0.19 0.08
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 19.61% 1.44% 17.73% -2.87% 3.50% 44.07% 9.50% 17.32% 2.75% -9.60% 9.42%
EBITDA Growth		 175.27% -27.22% 243.65% -82.56% -7.95% 3,812.09% 41.56% 985.01% -23.93% -59.34% -10.84%
EBIT Growth		 419.72% -23.85% 125.16% -254.00% -2.68% 752.73% 117.26% 228.80% -31.09% -69.84% -27.01%
NOPAT Growth		 239.81% 8.08% 119.45% -7.81% -22.76% 701.06% 266.23% 419.00% 111.14% -64.31% -41.79%
Net Income Growth		 312.17% 41.64% 114.13% -97.69% -16.52% 804.57% 354.82% 401.35% 96.97% -61.64% -55.67%
EPS Growth		 288.10% 44.00% 112.50% -88.89% -17.18% 750.00% 325.00% 400.00% 95.71% -60.87% -52.94%
Operating Cash Flow Growth		 123.20% 164.50% -12.15% 26.01% 19.24% 13.37% 115.15% 84.87% 66.37% 3.93% -0.34%
Free Cash Flow Firm Growth		 -45.78% -58.64% -5.78% 13.89% 61.97% 10.13% 20.07% 2.31% -18.80% -67.49% -66.28%
Invested Capital Growth		 0.62% -30.86% -18.08% -17.82% -27.19% -11.68% -21.39% -9.51% 15.53% -3.16% -6.81%
Revenue Q/Q Growth		 41.71% -30.38% 6.36% -7.43% 51.00% -3.10% -19.16% -0.82% 32.25% -14.74% -2.15%
EBITDA Q/Q Growth		 1,151.74% -98.36% 943.16% -91.28% 6,505.37% -15.24% -70.58% 3.90% 188.78% -53.94% -35.48%
EBIT Q/Q Growth		 3,335.18% -112.21% 154.18% -265.47% 989.36% -18.13% -81.97% -1.91% 375.85% -64.17% -56.36%
NOPAT Q/Q Growth		 1,988.74% -109.99% 139.34% -245.23% 1,453.16% -22.25% -76.03% 26.50% 795.62% -86.86% -60.91%
Net Income Q/Q Growth		 2,059.95% -108.50% 154.54% -317.60% 927.59% -28.27% -64.79% 44.18% 440.94% -86.03% -59.30%
EPS Q/Q Growth		 1,911.11% -108.59% 150.00% -342.86% 894.12% -32.59% -81.32% 41.18% 470.83% -86.86% -55.56%
Operating Cash Flow Q/Q Growth		 230.46% 125.56% -77.74% -24.05% 212.70% 114.46% -57.76% -34.74% 181.41% 33.97% -59.49%
Free Cash Flow Firm Q/Q Growth		 215.55% -23.94% -38.73% -22.56% 348.77% -48.29% -33.20% -34.01% 256.18% -79.29% -30.73%
Invested Capital Q/Q Growth		 30.23% -36.91% -0.11% 0.12% 15.38% -23.47% -11.09% 15.26% 47.30% -35.85% -14.44%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 80.89% 71.33% 72.39% 70.25% 79.15% 78.46% 71.50% 72.23% 79.48% 75.17% 74.32%
EBITDA Margin		 39.18% 0.86% 8.45% 0.80% 34.84% 30.47% 11.09% 11.62% 25.37% 13.71% 9.04%
Operating Margin		 32.74% -6.18% 3.69% -3.59% 29.13% 26.70% 4.49% 3.79% 20.69% 8.64% 3.95%
EBIT Margin		 32.29% -5.66% 2.88% -5.15% 30.36% 25.65% 5.72% 5.66% 20.36% 8.56% 3.82%
Profit (Net Income) Margin		 30.08% -3.67% 1.88% -4.43% 24.26% 17.96% 7.82% 11.37% 46.51% 7.62% 3.17%
Tax Burden Percent		 92.10% 79.96% 43.35% 123.78% 77.25% 67.63% 119.13% 179.96% 223.46% 82.52% 72.03%
Interest Burden Percent		 101.16% 81.12% 150.65% 69.38% 103.46% 103.53% 114.76% 111.66% 102.23% 107.91% 115.29%
Effective Tax Rate		 7.90% 0.00% 56.65% 0.00% 22.75% 32.37% -19.13% -79.96% -123.46% 17.48% 27.97%
Return on Invested Capital (ROIC)		 100.80% -18.75% 7.93% -12.37% 90.71% 116.14% 37.08% 45.78% 239.36% 51.42% 24.04%
ROIC Less NNEP Spread (ROIC-NNEP)		 100.62% -15.11% 17.44% 19.31% 81.92% 116.33% 33.79% 39.52% 238.97% 50.92% 23.69%
Return on Net Nonoperating Assets (RNNOA)		 77.32% -3.30% 0.63% -1.19% -17.13% -57.00% -18.36% -20.43% -121.55% -32.69% -15.46%
Return on Equity (ROE)		 178.12% -22.05% 8.56% -13.55% 73.58% 59.14% 18.72% 25.35% 117.81% 18.73% 8.58%
Cash Return on Invested Capital (CROIC)		 12.81% 56.39% 58.98% 58.34% 54.67% 85.97% 109.24% 108.40% 94.95% 132.30% 152.22%
Operating Return on Assets (OROA)		 32.25% -5.83% 3.15% -5.45% 27.72% 29.74% 6.70% 6.83% 20.91% 10.13% 4.89%
Return on Assets (ROA)		 30.05% -3.78% 2.06% -4.68% 22.16% 20.82% 9.16% 13.72% 47.77% 9.02% 4.06%
Return on Common Equity (ROCE)		 178.12% -22.05% 8.56% -13.55% 73.58% 59.14% 18.72% 25.35% 117.81% 18.73% 8.58%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 19.60% 29.83% 25.95% 0.00% 32.18% 35.26% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 143 -14 5.62 -8.16 110 86 21 26 233 31 12
NOPAT Margin		 30.15% -4.33% 1.60% -2.51% 22.50% 18.06% 5.35% 6.83% 46.24% 7.13% 2.85%
Net Nonoperating Expense Percent (NNEP)		 0.18% -3.64% -9.52% -31.67% 8.79% -0.19% 3.30% 6.26% 0.39% 0.50% 0.35%
Return On Investment Capital (ROIC_SIMPLE)		 16.76% - - - 10.49% 14.05% 3.30% 4.36% 29.62% 4.34% 2.14%
Cost of Revenue to Revenue		 19.11% 28.67% 27.61% 29.75% 20.85% 21.54% 28.50% 27.77% 20.52% 24.83% 25.68%
SG&A Expenses to Revenue		 4.82% 7.13% 7.24% 10.98% 5.75% 7.11% 8.27% 11.04% 8.13% 11.30% 10.40%
R&D to Revenue		 15.02% 21.84% 21.48% 22.81% 15.56% 15.62% 20.49% 20.65% 16.03% 19.08% 20.01%
Operating Expenses to Revenue		 48.15% 77.51% 68.70% 73.84% 50.01% 51.76% 67.01% 68.44% 58.79% 66.53% 70.37%
Earnings before Interest and Taxes (EBIT)		 153 -19 10 -17 149 122 22 22 103 37 16
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 186 2.85 30 2.59 171 145 43 44 128 59 38
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 11.52 13.84 11.82 13.19 13.65 9.77 14.75 16.47 12.87 10.18 8.96
Price to Tangible Book Value (P/TBV)		 14.97 17.49 14.53 15.94 15.84 11.26 16.96 19.08 14.35 11.51 10.48
Price to Revenue (P/Rev)		 2.84 3.76 3.45 4.21 5.34 3.63 5.50 5.68 5.80 4.23 2.89
Price to Earnings (P/E)		 60.11 70.61 39.61 50.83 80.55 30.34 41.83 35.37 25.75 21.10 15.49
Dividend Yield		 0.25% 0.19% 0.20% 0.16% 0.13% 0.17% 0.00% 0.13% 0.15% 0.25% 0.40%
Earnings Yield		 1.66% 1.42% 2.52% 1.97% 1.24% 3.30% 2.39% 2.83% 3.88% 4.74% 6.46%
Enterprise Value to Invested Capital (EV/IC)		 9.66 19.47 18.38 22.26 24.66 23.37 41.31 38.62 26.84 28.95 23.47
Enterprise Value to Revenue (EV/Rev)		 2.90 3.67 3.34 4.08 5.15 3.41 5.25 5.47 5.56 3.95 2.68
Enterprise Value to EBITDA (EV/EBITDA)		 22.58 31.02 22.58 28.99 37.44 16.11 24.45 23.69 26.97 24.52 17.30
Enterprise Value to EBIT (EV/EBIT)		 44.61 59.02 35.62 47.25 62.39 21.17 31.85 30.14 36.18 36.68 26.30
Enterprise Value to NOPAT (EV/NOPAT)		 72.18 79.94 42.33 51.79 89.58 29.80 42.64 37.28 26.31 22.07 15.60
Enterprise Value to Operating Cash Flow (EV/OCF)		 19.06 16.01 15.36 18.27 22.31 15.13 21.14 21.45 19.21 13.08 9.08
Enterprise Value to Free Cash Flow (EV/FCFF)		 75.65 28.22 28.07 34.42 38.01 25.50 33.29 33.85 30.30 21.53 14.87
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.41 1.28 1.15 1.06 0.80 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 1.41 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.77 0.22 0.04 -0.06 -0.21 -0.49 -0.54 -0.52 -0.51 -0.64 -0.65
Leverage Ratio		 5.92 5.13 4.70 4.37 3.49 2.83 2.70 2.68 2.48 2.18 2.29
Compound Leverage Factor		 5.99 4.16 7.08 3.03 3.61 2.93 3.10 3.00 2.53 2.35 2.64
Debt to Total Capital		 58.53% 56.17% 53.48% 51.45% 44.40% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 56.17% 53.48% 51.45% 44.40% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 58.53% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 41.47% 43.83% 46.52% 48.55% 55.60% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA		 2.72 2.94 2.27 2.41 2.27 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.41 -0.70 -0.75 -0.97 -1.32 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 2.72 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 8.68 7.57 4.26 4.30 5.43 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 1.32 -1.80 -1.40 -1.73 -3.16 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 8.68 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 3.75 3.79 3.82 4.33 5.42 6.98 9.65 10.32 9.05 6.85 5.49
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.78 1.01 1.05 1.09 1.23 1.39 1.41 1.36 1.33 1.22 1.06
Quick Ratio		 1.67 0.94 0.98 1.01 1.12 1.24 1.25 1.15 1.16 1.06 0.92
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 140 107 65 51 227 118 79 52 185 38 26
Operating Cash Flow to CapEx		 3,181.87% 29,825.50% 3,200.08% 993.93% 3,412.00% 10,863.19% 4,040.66% 1,259.51% 2,632.18% 3,706.79% 2,027.21%
Free Cash Flow to Firm to Interest Expense		 85.22 60.94 39.50 30.91 127.15 114.48 78,539.64 359.92 1,633.66 868.79 588.45
Operating Cash Flow to Interest Expense		 48.49 102.82 24.21 18.58 53.26 198.86 86,268.00 390.97 1,402.04 4,823.89 1,910.53
Operating Cash Flow Less CapEx to Interest Expense		 46.97 102.48 23.46 16.71 51.70 197.03 84,133.00 359.93 1,348.78 4,693.75 1,816.29
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.00 1.03 1.09 1.06 0.91 1.16 1.17 1.21 1.03 1.18 1.28
Accounts Receivable Turnover		 2.85 3.78 4.41 4.23 2.95 4.41 5.00 5.19 3.84 4.87 5.44
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 25.67 39.67 29.94 18.65 44.61 34.65 24.34 29.85 44.01 27.59 12.11
Days Sales Outstanding (DSO)		 128.21 96.54 82.84 86.24 123.86 82.70 73.05 70.33 95.10 74.91 67.05
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 14.22 9.20 12.19 19.57 8.18 10.54 15.00 12.23 8.29 13.23 30.15
Cash Conversion Cycle (CCC)		 113.99 87.34 70.65 66.67 115.68 72.17 58.06 58.10 86.81 61.68 36.90
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 430 271 271 271 313 240 213 245 362 232 198
Invested Capital Turnover		 3.34 4.33 4.95 4.92 4.03 6.43 6.93 6.71 5.18 7.21 8.44
Increase / (Decrease) in Invested Capital		 2.64 -121 -60 -59 -117 -32 -58 -26 49 -7.57 -14
Enterprise Value (EV)		 4,152 5,279 4,980 6,038 7,717 5,597 8,798 9,481 9,705 6,715 4,658
Market Capitalization		 4,076 5,398 5,144 6,240 7,990 5,969 9,210 9,832 10,131 7,189 5,020
Book Value per Share		 $4.23 $4.63 $5.12 $5.54 $6.83 $7.12 $7.34 $3.49 $4.64 $4.18 $3.34
Tangible Book Value per Share		 $3.26 $3.66 $4.16 $4.58 $5.88 $6.17 $6.38 $3.01 $4.16 $3.69 $2.86
Total Capital		 853 890 936 974 1,053 611 625 597 787 706 560
Total Debt		 499 500 501 501 467 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 499 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 76 -119 -164 -202 -273 -372 -412 -351 -426 -474 -362
Capital Expenditures (CapEx)		 2.51 0.60 1.25 3.06 2.79 1.88 2.14 4.47 6.02 5.73 4.24
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 29 -104 -109 -107 -25 -134 -166 -137 -185 -313 -319
Debt-free Net Working Capital (DFNWC)		 452 515 556 596 715 237 246 214 241 160 42
Net Working Capital (NWC)		 452 15 55 95 248 237 246 214 241 160 42
Net Nonoperating Expense (NNE)		 0.34 -2.16 -0.99 6.23 -8.64 0.46 -9.49 -17 -1.37 -2.11 -1.35
Net Nonoperating Obligations (NNO)		 76 -119 -164 -202 -273 -372 -412 -351 -426 -474 -362
Total Depreciation and Amortization (D&A)		 33 22 20 19 22 23 21 23 25 22 22
Debt-free, Cash-free Net Working Capital to Revenue		 2.00% -7.21% -7.34% -7.24% -1.66% -8.18% -9.88% -7.91% -10.61% -18.44% -18.40%
Debt-free Net Working Capital to Revenue		 31.55% 35.85% 37.29% 40.24% 47.76% 14.45% 14.68% 12.37% 13.78% 9.44% 2.44%
Net Working Capital to Revenue		 31.55% 1.07% 3.70% 6.39% 16.54% 14.45% 14.68% 12.37% 13.78% 9.44% 2.44%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.72 ($0.14) $0.08 ($0.17) $1.39 $0.99 $0.18 $0.25 $1.37 $0.19 $0.08
Adjusted Weighted Average Basic Shares Outstanding		 83.16M 84.27M 85.16M 85.63M 85.27M 85.90M 170.78M 170.57M 170.78M 168.82M 165.61M
Adjusted Diluted Earnings per Share		 $1.63 ($0.14) $0.07 ($0.17) $1.35 $0.91 $0.17 $0.24 $1.37 $0.18 $0.08
Adjusted Weighted Average Diluted Shares Outstanding		 84.91M 84.27M 88.50M 85.63M 89.63M 94.41M 182.16M 184.10M 184.79M 178.84M 171.77M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.37 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 83.91M 85.03M 85.41M 85.75M 85.90M 85.12M 171.08M 169.72M 169.04M 167.66M 164.40M
Normalized Net Operating Profit after Tax (NOPAT)		 143 8.51 9.52 -6.42 111 86 12 10 88 31 14
Normalized NOPAT Margin		 30.21% 2.58% 2.71% -1.98% 22.70% 18.06% 3.14% 2.66% 17.45% 7.10% 3.32%
Pre Tax Income Margin		 32.66% -4.59% 4.34% -3.58% 31.41% 26.56% 6.57% 6.32% 20.82% 9.23% 4.40%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 92.97 -10.67 6.11 -10.22 83.34 118.79 22,000.00 149.86 908.75 836.25 356.84
NOPAT to Interest Expense		 86.82 -8.16 3.39 -4.98 61.78 83.62 20,584.64 180.83 2,063.79 696.70 266.27
EBIT Less CapEx to Interest Expense		 91.45 -11.01 5.36 -12.09 81.78 116.96 19,865.00 118.82 855.49 706.11 262.60
NOPAT Less CapEx to Interest Expense		 85.30 -8.50 2.64 -6.85 60.21 81.79 18,449.64 149.78 2,010.53 566.56 172.02
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 14.69% 13.09% 7.75% 8.25% 10.28% 5.22% 4.67% 4.63% 3.92% 5.27% 6.31%
Augmented Payout Ratio		 14.69% 13.09% 7.75% 17.42% 78.90% 99.39% 149.88% 167.07% 130.93% 166.59% 196.32%

Financials Breakdown Chart

Key Financial Trends

Pegasystems (NASDAQ: PEGA) has shown a dramatic turnaround over the last year. After struggling with losses in 2024 and early 2025, the company has returned to solid profitability, improved operating cash flow, and built a much stronger cash position. That said, the latest quarter also showed some pressure on revenue growth and continued heavy share repurchases, which investors should monitor.

  • Profitability has improved sharply. Q1 2026 net income was $32.8 million versus a loss in Q1 2024 and well below the much stronger Q4 2025 result, but still clearly positive and a major improvement from the loss-making periods in 2024.
  • Operating cash flow remains strong. PEGA generated $212.3 million in operating cash flow in Q1 2026, up from $158.4 million in Q4 2025 and $86.3 million in Q2 2025.
  • Balance sheet liquidity is healthy. As of Q1 2026, the company held about $474.0 million in cash and short-term investments combined, providing a solid liquidity buffer.
  • Debt appears manageable and is trending lower. Total liabilities fell to $845.1 million in Q1 2026 from $1.11 billion in Q3 2024, and the company no longer shows the large short-term debt burden that was present in earlier periods.
  • Gross margin remains strong. In Q1 2026, gross profit was $323.2 million on revenue of $430.0 million, indicating a healthy software-like gross margin profile.
  • Deferred revenue is still substantial. Current deferred revenue was $557.4 million in Q1 2026, which supports future recognized revenue and suggests a meaningful backlog of contracted business.
  • Interest and investment income helps offset expenses. PEGA generated $2.95 million of interest and investment income in Q1 2026, adding a modest boost to pretax results.
  • Revenue growth has been uneven. Q1 2026 revenue of $430.0 million was below Q4 2025 revenue of $504.3 million, though still above Q1 2025 and Q3 2025 levels. The trend suggests the business is not growing in a straight line.
  • Operating expenses remain significant. Marketing, R&D, and SG&A still consume a large portion of revenue, so sustained profitability depends on maintaining cost discipline.
  • Share count remains elevated. Diluted shares outstanding were 178.8 million in Q1 2026, higher than the basic share count, reflecting ongoing dilution from equity compensation and capital structure effects.
  • Revenue declined sequentially in the latest quarter. Q1 2026 revenue fell from $504.3 million in Q4 2025 to $430.0 million, a notable quarter-over-quarter drop.
  • Operating income dropped sharply versus Q4 2025. Q1 2026 operating income was $37.1 million compared with $104.4 million in Q4 2025, showing some margin pressure after a very strong prior quarter.
  • Buybacks continue to consume a lot of cash. PEGA repurchased $167.3 million of common equity in Q1 2026, which is a large use of cash relative to the quarter’s earnings.
  • Receivables remain sizable. Accounts receivable were $315.9 million in Q1 2026, which is a large working-capital item and worth watching for collection quality.

Overall: Pegasystems looks financially much healthier than it did a year ago. The combination of positive earnings, strong operating cash flow, and solid liquidity is encouraging. The main concerns are uneven revenue momentum and a heavy reliance on share repurchases, but the recent financial trend is clearly better than the 2024 period.

08/11/26 05:50 AM ETAI Generated. May Contain Errors.

Pegasystems Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Pegasystems' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Pegasystems' net income appears to be on an upward trend, with a most recent value of $393.44 million in 2025, rising from $36.32 million in 2015. The previous period was $99.19 million in 2024. Check out Pegasystems' forecast to explore projected trends and price targets.

Pegasystems' total operating income in 2025 was $263.10 million, based on the following breakdown:
  • Total Gross Profit: $1.32 billion
  • Total Operating Expenses: $1.06 billion

Over the last 10 years, Pegasystems' total revenue changed from $682.70 million in 2015 to $1.75 billion in 2025, a change of 155.7%.

Pegasystems' total liabilities were at $844.46 million at the end of 2025, a 28.6% decrease from 2024, and a 177.0% increase since 2015.

In the past 10 years, Pegasystems' cash and equivalents has ranged from $68.36 million in 2019 to $337.10 million in 2024, and is currently $212.45 million as of their latest financial filing in 2025.

Over the last 10 years, Pegasystems' book value per share changed from 4.22 in 2015 to 4.64 in 2025, a change of 9.8%.


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Financial statements for NASDAQ:PEGA last updated on 2/11/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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