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

Pegasystems Q1 revenue rises 44% to $475.6 million; GAAP net income $85.4 million

Positive Impact 3 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanyPegasystems (PEGA)
Form8-K, current report
Filed with the SECApr 22, 2025, 4:09 PM ET
Accession number0001013857-25-000103

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing 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 April 22, 2025.

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