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

Pegasystems Q1 2026 revenue falls 10% to $430.0 million; GAAP net income down 62%

Negative Impact 3 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanyPegasystems (PEGA)
Form8-K, current report
Filed with the SECApr 21, 2026, 4:10 PM ET
Accession number0001013857-26-000025

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 21, 2026.

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.