Every material Form 8-K Pegasystems has filed with the SEC since July 24, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Pegasystems reported third-quarter 2026 revenue of $393.4 million, up 3% from a year earlier, while GAAP net income fell 68% to $14.1 million after a $16.0 million litigation settlement. Non-GAAP diluted EPS rose 17% to $0.35, but the company said ACV growth slowed sharply in the first nine months and may continue to weigh on growth and cash flow for the rest of 2026.
Q3 2026 total revenue was $393.4 million, up 3% from $381.4 million; GAAP diluted EPS was $0.08, down from $0.24.
Non-GAAP diluted EPS was $0.35, up 17% from $0.30; non-GAAP net income was $59.8 million, up 8%.
Total ACV was $1.65 billion, up 6% as reported; Pega Cloud ACV grew 20% and reached 59% of total ACV.
Nine-month free cash flow was $289.8 million, down 14%, and the company reiterated a target of $700 million or more in 2028.
Pegasystems reported second-quarter 2026 revenue of $420.7 million, up 9% from a year earlier, while GAAP net income fell 56% to $13.3 million. The company said clients delayed purchasing decisions amid AI market changes, so ACV growth slowed significantly in the first half and may keep weighing on ACV growth and cash flow for the rest of 2026.
Q2 2026 total revenue was $420.7 million, up 9% from $384.5 million; first-half revenue was $850.7 million, down 1%.
Q2 GAAP diluted EPS was $0.08 versus $0.17; non-GAAP diluted EPS was $0.35 versus $0.28.
Annual contract value (ACV) reached $1.62 billion at June 30, 2026, up 7% (8% in constant currency); Pega Cloud ACV rose 22%.
First-half free cash flow was $288.3 million versus $286.5 million, but management warned cash flow may be adversely affected for the rest of the year.
Pegasystems reported first-quarter 2026 results with total revenue of $430.0 million, down 10% from $475.6 million a year earlier. GAAP net income fell 62% to $32.8 million, and GAAP diluted earnings per share were $0.18 versus $0.46, though annual contract value rose 12% to $1.62 billion.
Total revenue was $430.0 million, down from $475.6 million; subscription license revenue fell 49% to $94.9 million.
GAAP diluted EPS was $0.18 versus $0.46; non-GAAP diluted EPS was $0.46 versus $0.76.
Annual contract value rose 12% to $1.62 billion (11% in constant currency), with Pega Cloud ACV up 29%.
Cash provided by operating activities was $212.3 million and free cash flow was $206.5 million.
Pegasystems' Compensation Committee approved a 2026 incentive plan for its executive officers on February 9, 2026. Bonuses depend on achieving corporate goals weighted 75% financial and 25% strategic, and officers may take half of their target bonus in restricted stock units.
Plan covers January 1, 2026 through December 31, 2026; no funding if the Funding Percentage is below 70%.
Officers may elect to receive 50% of their target incentive in RSUs, granted in March 2026 at 85% of the closing price.
RSUs vest on or about the 2027 incentive payout date, subject to funding and continued employment.
The filing gives no dollar amounts for the incentive pool or individual targets.
Pegasystems reported fourth-quarter and full-year 2025 results, with Q4 revenue up 3% and annual contract value up 17% for the year. Q4 GAAP diluted EPS more than doubled, but non-GAAP diluted EPS fell 5%, and the GAAP figure includes a $175 million non-cash tax benefit. The company also extended its share repurchase program to June 30, 2027 and raised its authorization by $1 billion.
Q4 2025 total revenue was $504.3 million, up 3% from $490.8 million a year earlier; full-year revenue was $1.75 billion, up 17%.
Q4 2025 GAAP diluted EPS was $1.27 versus $0.63; non-GAAP diluted EPS was $0.76 versus $0.80, down 5%.
2026 guidance: revenue of $2.0 billion, GAAP diluted EPS of $1.87, non-GAAP diluted EPS of $2.75, and free cash flow of $575 million.
Share repurchase program expiration extended from June 30, 2026 to June 30, 2027, with authorized repurchases increased by $1 billion.
Pegasystems committed on January 7, 2026 to organizational changes, mainly in its Consulting organization, including some role eliminations, to align roles and capacity with an AI-first delivery model. The company expects a charge of approximately $13 million in the fourth quarter of 2025, mostly for cash severance and related benefits.
Changes committed on January 7, 2026, primarily affecting the Consulting organization
Expected charge of approximately $13 million in Q4 2025, mainly cash severance and benefits
Affected employees are being notified; communications expected to be substantially complete in Q1 2026
Pegasystems reported third-quarter 2025 revenue of $381.4 million, up 17% from a year earlier, and GAAP net income of $43.4 million, compared with a net loss of $14.4 million in the prior-year quarter. Annual contract value rose 14% to $1.56 billion, and the company repurchased 8.7 million shares for $393 million year to date, which supports the view that demand and profitability improved over the period.
Q3 2025 total revenue $381.4 million, up 17% from $325.1 million; GAAP diluted EPS $0.24 versus a loss of $0.08
Non-GAAP diluted EPS $0.30, up from $0.19 in Q3 2024
Annual contract value $1.56 billion, up 14%; Pega Cloud ACV up 27%
Nine-month cash flow from operations $346.8 million, up 38%; year-to-date share repurchases of $393 million
Pegasystems reported second-quarter 2025 results in a press release furnished under Item 2.02. Revenue rose 9% year over year to $384.5 million, and GAAP net income increased to $30.1 million from $6.6 million, with diluted GAAP earnings per share of $0.17 versus $0.04. The filing gives no guidance, and the results are presented after a two-for-one stock split effected June 20, 2025.
Total revenue of $384.5 million for the quarter, up 9% from $351.2 million
GAAP diluted EPS of $0.17 versus $0.04; non-GAAP diluted EPS of $0.28 versus $0.26
Annual contract value (ACV) rose 16% to $1.514 billion; Pega Cloud ACV rose 28%
Six-month free cash flow was $286.5 million, up 31%
At its June 17, 2025 annual meeting, Pegasystems shareholders approved a charter amendment increasing authorized common shares from 200,000,000 to 400,000,000, which the company filed the same day. The company will then carry out a two-for-one forward stock split paid as a stock dividend, with shares expected to trade on a post-split basis starting June 23, 2025.
Authorized common shares rise from 200,000,000 to 400,000,000 after a charter amendment approved June 17, 2025.
Holders of record on June 10, 2025 receive one additional share for each share held; distribution is expected June 20, 2025.
Shareholders approved the amended 2004 Long-Term Incentive Plan with 51,118,155 votes for and 24,200,266 against.
All eight director nominees were elected to serve until the 2026 annual meeting.
Pegasystems reported first-quarter 2025 results on April 22, 2025. Total revenue rose 44% to $475.6 million from $330.1 million a year earlier, and GAAP net income was $85.4 million, compared with a loss of $12.1 million in the first quarter of 2024. The company said annual contract value grew 13% and backlog grew 21%, which indicates the growth in its recurring business.
Total revenue was $475.6 million, up 44% from $330.1 million; subscription license revenue rose 195% to $186.6 million.
GAAP diluted earnings per share were $0.91, compared with a loss of $0.14 per share a year earlier; non-GAAP diluted EPS was $1.53 versus $0.48.
Annual contract value (ACV) reached $1.45 billion, up 13%; Pega Cloud ACV grew 23%.
Cash provided by operating activities was $204.2 million and free cash flow was $202.3 million for the quarter.
On March 4, 2025, Pegasystems' Compensation Committee approved 2025 base salaries and target incentive percentages for its Section 16 executive officers, as listed in Exhibit 99.1. The filing states aggregate target Incentive Plan payments of $1,677,500 and £193,000, plus sales commissions for two executives. The filing describes these as 2025 compensation terms, with no change in officer roles reported.
CEO Alan Trefler: $600,000 base salary and a 100% target bonus as a percentage of base salary
Aggregate target Incentive Plan payments for executive officers total $1,677,500 and £193,000
Leon Trefler is eligible for $450,000 in sales commissions and John Higgins for £225,000
Pegasystems reported fourth-quarter 2024 GAAP net income of $119.1 million, down 17% from a year earlier, on revenue of $490.8 million, up 3%. Full-year 2024 revenue rose 5% to $1.5 billion, and the company gave 2025 guidance of $1.6 billion in revenue and $1.60 in GAAP diluted earnings per share. The board also approved a two-for-one stock split, which is subject to stockholder approval at the June 17, 2025 annual meeting.
Q4 2024 GAAP net income was $119.1 million, down 17%; GAAP diluted EPS was $1.25 versus $1.61.
Full-year 2024 revenue was $1.5 billion, up 5%; full-year GAAP diluted EPS was $1.11 versus $0.73.
2025 guidance: revenue of $1.6 billion, GAAP diluted EPS of $1.60, and free cash flow of $440 million.
Stock split requires stockholder approval; record date June 10, 2025, distribution expected June 20, 2025, post-split trading from June 23, 2025.
Pegasystems' Compensation Committee approved the 2025 Section 16 Officer incentive compensation plan on February 4, 2025, covering the period January 1 to December 31, 2025. Bonuses depend on financial goals (75% weight) and strategic goals (25% weight), with no funding if goal attainment falls below 70%. The plan lets executives take half of their target bonus as restricted stock units priced at a 15% discount, which ties executive pay to share price and future vesting.
Plan approved February 4, 2025 for the January 1 to December 31, 2025 incentive period
Corporate goals weighted 75% financial and 25% strategic; no funding if achievement is below 70%
Executives may elect to receive 50% of target bonus in RSUs, calculated at 85% of fair market value on the grant date
RSUs vest 100% on or about the 2026 payout date, subject to threshold funding and continued employment
Pegasystems appointed Rohit Ghai, CEO of RSA Security, as a director effective January 16, 2025, increasing the board from seven to eight members. He was also named to the Nominating and Corporate Governance Committee. The filing describes a standard non-employee director compensation package for him but no change in company executives.
Appointed to the board effective January 16, 2025; term runs to the next annual meeting
Standard non-employee director pay: $125,000 in fully vested stock, $125,000 in fully vested stock options, and a $50,000 cash retainer, all pro-rated
Joins the Nominating and Corporate Governance Committee and signed a Director Indemnification Agreement
Pegasystems reported third-quarter 2024 revenue of $325.1 million, down 3% from $334.6 million a year earlier, and a GAAP net loss of $14.4 million, or $0.17 per diluted share, compared with a $7.3 million loss, or $0.09 per share, a year earlier. Non-GAAP diluted earnings per share fell 11% to $0.39, and shareholders are seeing lower revenue and profit even as annual contract value grew 16%.
Q3 2024 total revenue was $325.1 million, down 3% from $334.6 million in Q3 2023.
GAAP diluted loss per share was $0.17 versus $0.09 a year earlier; non-GAAP diluted EPS was $0.39 versus $0.44.
Annual contract value (ACV) reached $1.36 billion at September 30, 2024, up 16% year over year (14% in constant currency).
Pega Cloud ACV grew 30% year over year, and free cash flow was $246 million for the first nine months of 2024.
Pegasystems reported second-quarter 2024 revenue of $351.2 million, up 18% from $298.3 million a year earlier, and GAAP net income of $6.6 million ($0.07 per diluted share) compared with a net loss of $46.8 million a year earlier. Annual contract value rose 12% to $1.31 billion, and the company reported $218.4 million of free cash flow for the first half of 2024. The filing gives no revenue or earnings guidance for future periods.
Q2 2024 total revenue was $351.2 million, up 18% from $298.3 million; Pega Cloud revenue rose 38% to $134.1 million.
GAAP net income was $6.6 million, or $0.07 per diluted share, versus a net loss of $46.8 million, or $0.56 per share, in Q2 2023.
Non-GAAP net income was $45.8 million, or $0.52 per diluted share, versus $1.2 million, or $0.01, a year earlier.
For the six months ended June 30, 2024, revenue was $681.3 million, up 9%, and the GAAP net loss was $5.5 million, including a $32.4 million litigation settlement, net of recoveries.
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