PEGASYSTEMS INC PEGA

Technology SIC 7374 - Services-Computer Processing & Data Preparation NAICS Information › Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services derived Nasdaq

We develop, market, license, host, and support enterprise software that helps organizations optimize decisions and processes in real-time so they can deliver outcomes that transform their business. Our powerful platform for enterprise artificial intelligence ("AI") decisioning and workflow automation enables the world's leading brands and government agencies to hyper-personalize customer experiences, automate customer service, and streamline operations, mission-critical business processes, and workflows, and transform legacy systems. Clients can leverage our AI technology and scalable architecture to accelerate their digital transformation. In addition, our sales and client success teams, world-class partners, and clients can leverage Pega BlueprintTM ("Blueprint") to rapidly prototype and accelerate the development and deployment of applications quickly and collaboratively.

Last close 36.42 2026-10-23
Market cap $5.99B 2026-06-30 share count
52-week range 25.10 - 68.10

Valuation FY2025 figures against the last close

P/S3.4x
P/E17.1x
P/FCF12.2x
EV/EBITDA21.6x
Dividend yield0.3%
Diluted EPS2.13

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • U.S.
  • Europe (excluding U.K.), Middle East, and Africa
  • Asia-Pacific
  • United Kingdom (“U.K.”)
  • Other Americas
Revenue by geography, 5 categories over 3 years. The same figures are in the table below. FY2025 U.S., FY2025: 956.3M (54.8%) 55% U.S. Europe (excluding U.K.), Middle East, and Africa, FY2025: 270.6M (15.5%) 16% Asia-Pacific, FY2025: 213.6M (12.2%) 12% Asia-Pacific United Kingdom (“U.K.”), FY2025: 190M (10.9%) 11% Other Americas, FY2025: 115.3M (6.6%) 7% FY2024 U.S., FY2024: 828.3M (55.3%) 55% Europe (excluding U.K.), Middle East, and Africa, FY2024: 249.3M (16.7%) 17% Asia-Pacific, FY2024: 166M (11.1%) 11% United Kingdom (“U.K.”), FY2024: 157.8M (10.5%) 11% Other Americas, FY2024: 95.7M (6.4%) 6% FY2023 U.S., FY2023: 785M (54.8%) 55% Europe (excluding U.K.), Middle East, and Africa, FY2023: 242.3M (16.9%) 17% Asia-Pacific, FY2023: 162.1M (11.3%) 11% United Kingdom (“U.K.”), FY2023: 158M (11.0%) 11% Other Americas, FY2023: 85.1M (5.9%) 6%
Region FY2025FY2024FY2023
U.S. $956.3M $828.3M $785.0M
Europe (excluding U.K.), Middle East, and Africa $270.6M $249.3M $242.3M
Asia-Pacific $213.6M $166.0M $162.1M
United Kingdom (“U.K.”) $190.0M $157.8M $158.0M
Other Americas $115.3M $95.7M $85.1M

As the company reported it, from the “REVENUE - Schedule of Geographic Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.75B$1.50B$1.43B$1.32B$1.21B$1.02B$911.4M$891.6M$888.5M$762.2M
Cost of revenue $421.4M$390.7M$378.5M$368.6M$336.4M$310.9M$310.0M$301.8M$279.7M$239.3M
Gross profit $1.32B$1.11B$1.05B$949.2M$875.3M$706.6M$601.4M$589.8M$608.8M$523.0M
R&D $312.7M$298.1M$295.5M$294.3M$260.6M$237.0M$205.2M$181.7M$162.9M$145.5M
SG&A $148.7M$112.8M$96.7M$117.7M$83.5M$67.5M$56.6M$51.6M$52.2M$46.0M
Total operating expenses $1.06B$982.6M$973.2M$1.06B$970.0M$850.1M$736.2M$606.8M$515.6M$472.3M
Operating income $263.1M$123.9M$81.0M-$109.4M-$94.7M-$143.5M-$134.9M-$17.0M$93.2M$50.6M
Interest expense $1.3M$6.8M$6.9M$7.8M$8.0M$19.4M$212.0K$10.0K——
Pre-tax income $280.6M$142.6M$95.4M-$161.8M-$132.0M-$124.9M-$134.8M-$11.5M$86.2M$55.3M
Income tax $112.8M$43.4M$27.6M$183.8M$68.9M$63.5M$44.4M$22.2M$12.3M$10.3M
Net income $393.4M$99.2M$67.8M-$345.6M-$63.0M-$61.4M-$90.4M$10.6M$98.5M$45.0M
EPS, basic 2.300.580.41-4.22-0.77-0.76-1.140.141.270.59
EPS, diluted 2.130.550.37-4.22-0.77-0.76-1.140.131.190.56
Shares, diluted (wtd. avg.) 184.8M179.3M169.8M81.9M81.4M80.3M79.1M83.1M82.8M79.7M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $212.4M$337.1M$229.9M$145.1M$160.0M$171.9M$68.4M$114.4M$162.3M$70.6M
Short-term investments $213.4M$402.9M$193.4M$152.2M$202.8M$293.3M$0$93.0M$61.5M—
Receivables $264.7M$305.5M$300.2M$255.2M$182.7M$215.8M$199.7M$180.9M$222.7M$265.0M
Total current assets $978.3M$1.33B$1.03B$846.5M$840.2M$976.9M$505.6M$610.6M$647.7M$425.1M
Property, plant and equipment $45.2M$41.8M$47.3M$55.1M$26.8M$40.4M$34.3M$36.6M$40.4M$38.3M
Goodwill $81.5M$81.1M$81.6M$81.4M$81.9M$79.2M$79.0M$72.9M$73.0M$73.2M
Other intangibles $1.2M$3.8M$7.0M$10.9M$14.1M$15.7M$19.7M$21.2M$31.9M$44.2M
Total assets $1.63B$1.77B$1.51B$1.36B$1.59B$1.60B$984.8M$982.6M$1.01B$654.7M
Accounts payable $12.9M$6.2M$11.3M$18.2M$15.3M$24.0M$17.5M$16.5M$17.4M$14.4M
Total current liabilities $737.8M$1.09B$577.1M$538.9M$485.4M$460.1M$378.0M$331.8M$294.8M$287.5M
Total liabilities $844.5M$1.18B$1.16B$1.23B$1.18B$1.06B$445.8M$361.0M$356.9M$318.8M
Retained earnings $463.4M$87.9M-$8.7M-$76.5M$276.4M$339.9M$410.9M$510.9M$509.7M$198.3M
Total equity $787.4M$585.5M$353.8M$130.8M$416.1M$542.2M$539.0M$621.5M$655.9M$548.9M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $505.2M$345.9M$217.8M$22.3M$39.1M-$563.0K-$42.2M$104.4M$158.2M$39.9M
Depreciation and amortisation $13.7M$17.6M$18.7M$18.8M$28.6M$21.3M$21.4M$25.3M$24.7M$24.1M
Stock-based compensation $155.2M$142.7M$143.4M$122.2M$115.9M$103.1M$80.9M$63.9M$53.3M$40.8M
Capital expenditure $14.5M$7.7M$16.8M$35.4M$10.5M$25.4M$10.6M$11.9M$13.7M$19.1M
Investing cash flow $197.2M-$202.6M-$50.8M$13.1M$72.5M-$321.7M$70.1M-$48.2M-$14.8M-$7.2M
Financing cash flow -$834.6M-$30.2M-$82.0M-$47.0M-$121.8M$423.4M-$74.3M-$101.5M-$54.2M-$51.7M
Dividends paid $15.4M$10.2M$10.0M$9.8M$9.8M$9.6M$9.5M$9.4M$9.3M$9.2M
Buybacks $499.7M$68.1M$0$25.7M$52.7M$28.0M$22.1M$54.4M$4.3M$27.2M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001013857-26-000031.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B 0 1B 2B Revenue, FY2016: 762.2M Gross profit, FY2016: 523M Net income, FY2016: 45M Revenue, FY2017: 888.5M Gross profit, FY2017: 608.8M Net income, FY2017: 98.5M Revenue, FY2018: 891.6M Gross profit, FY2018: 589.8M Net income, FY2018: 10.6M Revenue, FY2019: 911.4M Gross profit, FY2019: 601.4M Net income, FY2019: -90.4M Revenue, FY2020: 1B Gross profit, FY2020: 706.6M Net income, FY2020: -61.4M Revenue, FY2021: 1.2B Gross profit, FY2021: 875.3M Net income, FY2021: -63M Revenue, FY2022: 1.3B Gross profit, FY2022: 949.2M Net income, FY2022: -345.6M Revenue, FY2023: 1.4B Gross profit, FY2023: 1.1B Net income, FY2023: 67.8M Revenue, FY2024: 1.5B Gross profit, FY2024: 1.1B Net income, FY2024: 99.2M Revenue, FY2025: 1.7B Gross profit, FY2025: 1.3B Net income, FY2025: 393.4M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $762.2M $888.5M $891.6M $911.4M $1.02B $1.21B $1.32B $1.43B $1.50B $1.75B
Gross profit $523.0M $608.8M $589.8M $601.4M $706.6M $875.3M $949.2M $1.05B $1.11B $1.32B
Net income $45.0M $98.5M $10.6M -$90.4M -$61.4M -$63.0M -$345.6M $67.8M $99.2M $393.4M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Restructuring or exit costs A restructuring: layoffs, a plant closure, a business being wound down. Item 2.05
  • Other event Item 8.01
  • Results announced Item 2.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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