Every material Form 8-K Pegasystems filed with the SEC in 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 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.
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Pegasystems filing is on SEC EDGAR ↗. 8-K briefs of other companies →