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AI brief of an SEC Form 8-K · Pegasystems (PEGA)

Pegasystems Q3 revenue falls 3% to $325.1 million; net loss widens to $14.4 million

Negative Impact 3 of 5 earnings Written later

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%.

Key points

  • 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.

The filing

CompanyPegasystems (PEGA)
Form8-K, current report
Filed with the SECOct 23, 2024, 4:08 PM ET
Accession number0001013857-24-000227

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:05 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 23, 2024.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.