NASDAQ : PEGA
Pegasystems Inc. — Financial statements
Technology · Software - Application · United States
Last price 34.11 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 5.58B
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Financial statements
Pegasystems Inc. (PEGA) reported revenue of 1.75B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.75B | 1.75B | 1.50B | 1.43B | 1.32B | 1.21B |
| Cost of Revenue | 422.09M | 421.38M | 390.67M | 378.48M | 368.63M | 336.36M |
| Gross Profit | 1.33B | 1.32B | 1.11B | 1.05B | 949.21M | 875.29M |
| Selling, General & Admin | 790.00M | 727.36M | 647.63M | 655.92M | 742.52M | 709.39M |
| Research & Development | 321.38M | 312.68M | 298.07M | 295.51M | 294.35M | 260.63M |
| Operating Expenses | 1.11B | 1.04B | 945.70M | 951.43M | 1.04B | 970.02M |
| Operating Income | 214.89M | 284.39M | 160.81M | 102.70M | -87.66M | -94.73M |
| Interest Expense | -266.00K | -1.28M | -6.83M | -6.88M | -7.79M | -7.96M |
| Interest & Investment Income | 9.67M | 13.64M | 25.78M | 9.26M | 1.64M | 704.00K |
| Currency Exchange Gain (Loss) | -1.64M | -14.89M | -912.00K | -5.24M | 4.56M | -6.46M |
| Other Non Operating Income (Expenses) | 565.00K | -360.00K | -906.00K | 17.34M | -50.80M | -23.54M |
| EBT Excluding Unusual Items | 223.22M | 281.50M | 177.94M | 117.19M | -140.05M | -131.99M |
| Merger & Restructuring Charges | -16.14M | -11.54M | -4.53M | -21.75M | -21.74M | |
| Gain (Loss) on Sale of Investments | -368.00K | 20.42M | 1.63M | |||
| Legal Settlements | -25.75M | -9.75M | -32.40M | |||
| Pretax Income | 180.97M | 280.63M | 142.64M | 95.44M | -161.80M | -131.99M |
| Income Tax Expense | -113.79M | -112.81M | 43.45M | 27.63M | 183.78M | -68.95M |
| Net Income | 294.76M | 393.44M | 99.19M | 67.81M | -345.58M | -63.04M |
| Net Income to Common | 294.76M | 393.44M | 99.19M | 67.81M | -345.58M | -63.04M |
| Shares Outstanding (Basic) | 167.03M | 170.78M | 170.53M | 166.32M | 163.89M | 162.77M |
| Shares Outstanding (Diluted) | 175.83M | 184.79M | 179.27M | 169.83M | 163.89M | 162.77M |
| EPS (Basic) | 1.76 | 2.30 | 0.58 | 0.41 | -2.11 | -0.39 |
| EPS (Diluted) | 1.68 | 2.13 | 0.55 | 0.37 | -2.11 | -0.39 |
| Free Cash Flow | 442.24M | 490.72M | 338.21M | 201.00M | -13.04M | 28.66M |
| Free Cash Flow Per Share | 2.52 | 2.66 | 1.89 | 1.18 | -0.08 | 0.18 |
| Dividend Per Share | 0.10 | 0.09 | 0.06 | 0.06 | 0.06 | 0.06 |
| Gross Margin | 75.86% | 75.86% | 73.91% | 73.58% | 72.03% | 72.24% |
| Operating Margin | 12.29% | 16.29% | 10.74% | 7.17% | -6.65% | -7.82% |
| Profit Margin | 16.86% | 22.54% | 6.62% | 4.73% | -26.22% | -5.20% |
| Free Cash Flow Margin | 25.29% | 28.11% | 22.59% | 14.03% | -0.99% | 2.37% |
| EBITDA | 228.48M | 298.09M | 178.40M | 121.45M | -68.88M | -66.14M |
| EBITDA Margin | 13.07% | 17.08% | 11.92% | 8.48% | -5.23% | -5.46% |
| D&A For EBITDA | 13.59M | 13.70M | 17.59M | 18.75M | 18.78M | 28.59M |
| EBIT | 214.89M | 284.39M | 160.81M | 102.70M | -87.66M | -94.73M |
| EBIT Margin | 12.29% | 16.29% | 10.74% | 7.17% | -6.65% | -7.82% |
| Effective Tax Rate | 30.46% | 28.95% | ||||
| Revenue as Reported | 1.75B | 1.75B | 1.50B | 1.43B | 1.32B | 1.21B |
| Advertising Expenses | 6.10M | 4.70M | 3.50M | 6.60M | 11.80M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 202.19M | 212.45M | 337.10M | 229.90M | 145.05M | 159.97M |
| Short-Term Investments | 107.52M | 213.35M | 402.87M | 193.44M | 152.17M | 202.81M |
| Cash & Short-Term Investments | 309.71M | 425.80M | 739.97M | 423.34M | 297.22M | 362.78M |
| Accounts Receivable | 301.66M | 448.87M | 492.05M | 553.79M | 486.42M | 421.96M |
| Other Receivables | 49.51M | 33.71M | 60.85M | 8.68M | 25.35M | 25.69M |
| Receivables | 351.17M | 482.58M | 552.90M | 562.47M | 511.77M | 447.65M |
| Prepaid Expenses | 39.93M | 65.29M | 38.16M | 33.65M | ||
| Restricted Cash | 957.00K | 1.58M | 98.00K | |||
| Other Current Assets | 2.11M | 3.05M | 2.58M | 9.57M | 37.49M | 29.79M |
| Total Current Assets | 703.88M | 978.29M | 1.33B | 1.03B | 846.48M | 840.22M |
| Property, Plant & Equipment | 106.92M | 105.81M | 104.23M | 111.48M | 131.17M | 114.36M |
| Long-Term Investments | 21.31M | 22.02M | 21.23M | 19.45M | 13.07M | 7.65M |
| Goodwill | 81.27M | 81.51M | 81.11M | 81.61M | 81.40M | 81.92M |
| Other Intangible Assets | 1.18M | 1.20M | 3.83M | 7.00M | 10.89M | 14.06M |
| Long-Term Accounts Receivable | 115.91M | 119.97M | 79.73M | 106.04M | 112.28M | 140.43M |
| Long-Term Deferred Tax Assets | 172.49M | 175.47M | 4.27M | 3.68M | 4.79M | 180.66M |
| Long-Term Deferred Charges | 88.97M | 104.57M | 105.41M | 114.12M | 130.19M | 135.91M |
| Other Long-Term Assets | 38.36M | 42.99M | 34.75M | 38.34M | 27.40M | 78.32M |
| Total Assets | 1.33B | 1.63B | 1.77B | 1.51B | 1.36B | 1.59B |
| Accounts Payable | 57.62M | 12.92M | 6.23M | 11.29M | 18.20M | 15.28M |
| Accrued Expenses | 144.23M | 176.62M | 164.53M | 151.15M | 178.08M | 184.84M |
| Current Portion of Long-Term Debt | 467.47M | |||||
| Current Portion of Leases | 14.38M | 15.14M | 14.55M | 15.00M | 14.98M | 6.99M |
| Current Income Taxes Payable | 8.45M | 7.27M | 5.05M | 15.43M | ||
| Current Unearned Revenue | 429.47M | 509.27M | 423.91M | 377.85M | 325.21M | 275.84M |
| Other Current Liabilities | 24.85M | 16.54M | 4.32M | 6.34M | 2.47M | 2.45M |
| Total Current Liabilities | 679.00M | 737.78M | 1.09B | 577.06M | 538.94M | 485.40M |
| Long-Term Debt | 499.37M | 593.61M | 590.72M | |||
| Long-Term Leases | 54.64M | 60.83M | 67.65M | 66.90M | 79.15M | 87.82M |
| Long-Term Unearned Revenue | 4.54M | 9.57M | 2.12M | 2.48M | 3.55M | 5.66M |
| Other Long-Term Liabilities | 43.06M | 36.29M | 26.97M | 11.09M | 11.58M | 7.84M |
| Total Liabilities | 781.23M | 844.46M | 1.18B | 1.16B | 1.23B | 1.18B |
| Common Stock | 1.64M | 1.70M | 1.72M | 838.00K | 824.00K | 817.00K |
| Additional Paid-In Capital | 52.67M | 330.93M | 526.10M | 379.58M | 229.60M | 145.81M |
| Retained Earnings | 508.68M | 463.39M | 87.90M | -8.71M | -76.51M | 276.45M |
| Comprehensive Income & Other | -13.92M | -8.64M | -30.25M | -17.88M | -23.07M | -6.99M |
| Shareholders' Equity | 549.06M | 787.38M | 585.48M | 353.84M | 130.84M | 416.09M |
| Total Liabilities & Equity | 1.33B | 1.63B | 1.77B | 1.51B | 1.36B | 1.59B |
| Total Debt | 69.03M | 75.97M | 549.67M | 581.27M | 687.74M | 685.53M |
| Net Cash (Debt) | 240.69M | 349.83M | 190.31M | -157.93M | -390.52M | -322.75M |
| Net Cash Per Share | 1.37 | 1.89 | 1.06 | -0.93 | -2.38 | -1.98 |
| Filing Date Shares Outstanding | 163.66M | 169.04M | 171.80M | 167.81M | 164.94M | 163.26M |
| Total Common Shares Outstanding | 163.58M | 170.35M | 172.22M | 167.68M | 164.87M | 163.42M |
| Working Capital | 24.88M | 240.52M | 247.65M | 451.97M | 307.54M | 354.81M |
| Book Value Per Share | 3.36 | 4.62 | 3.40 | 2.11 | 0.79 | 2.55 |
| Tangible Book Value | 466.62M | 704.67M | 500.54M | 265.23M | 38.56M | 320.10M |
| Tangible Book Value Per Share | 2.85 | 4.14 | 2.91 | 1.58 | 0.23 | 1.96 |
| Machinery | 34.68M | 34.42M | 37.81M | 33.28M | 31.68M | |
| Construction In Progress | 10.51M | 5.04M | 223.00K | 37.34M | 4.26M | |
| Leasehold Improvements | 58.31M | 51.93M | 62.79M | 35.05M | 31.20M | |
| Order Backlog | 2.07B | 1.62B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 294.76M | 393.44M | 99.19M | 67.81M | -345.58M | -63.04M |
| Depreciation & Amortization | 27.17M | 25.91M | 35.43M | 34.66M | 34.72M | 28.59M |
| Other Amortization | 64.63M | 68.57M | 62.27M | 59.46M | 53.47M | 41.39M |
| Loss (Gain) From Sale of Investments | -466.00K | -23.36M | -16.13M | -14.14M | -4.61M | -89.00K |
| Stock-Based Compensation | 144.76M | 155.24M | 142.72M | 143.35M | 122.21M | 115.95M |
| Other Operating Activities | -166.78M | -154.00M | 3.30M | 4.66M | 226.47M | -24.15M |
| Change in Accounts Receivable | 19.19M | 19.19M | 79.03M | -57.60M | -51.16M | -11.96M |
| Change in Unearned Revenue | 76.71M | 76.71M | 48.36M | 45.12M | 62.58M | 41.28M |
| Change in Other Net Operating Assets | 2.75M | -56.47M | -108.24M | -65.53M | -75.77M | -88.85M |
| Operating Cash Flow | 462.73M | 505.23M | 345.93M | 217.78M | 22.34M | 39.12M |
| Capital Expenditures | -20.49M | -14.50M | -7.71M | -16.78M | -35.38M | -10.46M |
| Cash Acquisitions | -922.00K | -4.99M | ||||
| Investment in Securities | 91.88M | 211.75M | -194.86M | -33.97M | 49.38M | 87.95M |
| Investing Cash Flow | 71.39M | 197.25M | -202.58M | -50.75M | 13.07M | 72.50M |
| Long-Term Debt Repaid | -467.86M | -33.89M | -88.99M | |||
| Total Debt Repaid | -467.86M | -33.89M | -88.99M | |||
| Net Debt Issued (Repaid) | -467.86M | -33.89M | -88.99M | |||
| Issuance of Common Stock | 86.23M | 165.89M | 87.36M | 18.57M | 9.17M | 10.55M |
| Repurchase of Common Stock | -546.32M | -517.23M | -73.49M | -1.92M | -46.33M | -122.64M |
| Common Dividends Paid | -20.22M | -15.42M | -10.20M | -9.96M | -9.83M | -9.76M |
| Other Financing Activities | 7.00K | 341.00K | ||||
| Financing Cash Flow | -480.31M | -834.63M | -30.21M | -81.96M | -46.99M | -121.84M |
| Foreign Exchange Rate Adjustments | -2.57M | 6.99M | -4.43M | 2.70M | -3.33M | -1.71M |
| Net Cash Flow | 51.23M | -125.17M | 108.70M | 87.77M | -14.91M | -11.93M |
| Free Cash Flow | 442.24M | 490.72M | 338.21M | 201.00M | -13.04M | 28.66M |
| Free Cash Flow Margin | 25.29% | 28.11% | 22.59% | 14.03% | -0.99% | 2.37% |
| Free Cash Flow Per Share | 2.52 | 2.66 | 1.89 | 1.18 | -0.08 | 0.18 |
| Levered Free Cash Flow | 498.07M | 571.99M | 382.87M | 262.24M | 89.09M | 182.41M |
| Unlevered Free Cash Flow | 498.24M | 572.80M | 387.15M | 266.54M | 93.96M | 187.39M |
| Cash Interest Paid | 1.75M | 3.81M | 4.13M | 4.50M | 4.50M | |
| Cash Income Tax Paid | 36.25M | 21.63M | 82.32M | 11.66M | 7.64M | -4.55M |
| Change in Working Capital | 98.65M | 39.43M | 19.16M | -78.01M | -64.35M | -59.53M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.66B | 10.14B | 7.99B | 4.08B | 2.81B | 9.13B |
| Enterprise Value | 5.42B | 9.86B | 7.87B | 4.33B | 3.22B | 9.47B |
| Last Close Price | 33.93 | 59.38 | 46.25 | 24.21 | 16.93 | 55.12 |
| PE Ratio | 20.57 | 25.76 | 80.58 | 60.21 | ||
| Forward PE | 14.78 | 28.38 | 30.73 | 21.58 | 65.69 | 221.25 |
| PS Ratio | 3.24 | 5.81 | 5.34 | 2.85 | 2.13 | 7.54 |
| PB Ratio | 10.11 | 12.87 | 13.65 | 11.54 | 21.51 | 21.95 |
| P/TBV Ratio | 12.13 | 14.38 | 15.97 | 15.39 | 72.99 | 28.53 |
| P/FCF Ratio | 12.80 | 20.66 | 23.63 | 20.31 | 318.64 | |
| P/OCF Ratio | 12.23 | 20.06 | 23.10 | 18.75 | 126.00 | 233.47 |
| PEG Ratio | 2.81 | 2.21 | 19.59 | 19.59 | 19.59 | |
| EV/Sales Ratio | 3.10 | 5.65 | 5.26 | 3.02 | 2.44 | 7.82 |
| EV/EBITDA Ratio | 23.72 | 33.08 | 44.13 | 35.65 | ||
| EV/EBIT Ratio | 25.22 | 34.67 | 48.95 | 42.16 | ||
| EV/FCF Ratio | 12.25 | 20.09 | 23.28 | 21.54 | 330.35 | |
| Debt / Equity Ratio | 0.13 | 0.10 | 0.94 | 1.64 | 5.26 | 1.65 |
| Debt / EBITDA Ratio | 0.27 | 0.24 | 2.64 | 3.82 | ||
| Debt / FCF Ratio | 0.16 | 0.15 | 1.62 | 2.89 | 23.92 | |
| Net Debt / Equity Ratio | -0.44 | -0.44 | -0.33 | 0.45 | 2.98 | 0.78 |
| Net Debt / EBITDA Ratio | -1.05 | -1.17 | -1.07 | 1.30 | -5.67 | -4.88 |
| Net Debt / FCF Ratio | -0.54 | -0.71 | -0.56 | 0.79 | -29.94 | 11.26 |
| Asset Turnover | 1.33 | 1.03 | 0.91 | 1.00 | 0.89 | 0.76 |
| Quick Ratio | 0.97 | 1.23 | 1.19 | 1.71 | 1.50 | 1.67 |
| Current Ratio | 1.04 | 1.33 | 1.23 | 1.78 | 1.57 | 1.73 |
| Return on Equity (ROE) | 51.45% | 57.32% | 21.12% | 27.98% | -126.37% | -13.16% |
| Return on Assets (ROA) | 10.24% | 10.46% | 6.13% | 4.48% | -3.71% | -3.70% |
| Return on Invested Capital (ROIC) | 74.25% | 68.30% | 24.66% | 14.12% | -13.91% | -13.42% |
| Return on Capital Employed (ROCE) | 33.00% | 31.80% | 23.60% | 11.00% | -10.70% | -8.50% |
| Earnings Yield | 4.86% | 3.88% | 1.24% | 1.66% | -12.28% | -0.69% |
| FCF Yield | 7.81% | 4.84% | 4.23% | 4.92% | -0.46% | 0.31% |
| Dividend Yield | 0.35% | 0.15% | 0.13% | 0.25% | 0.35% | 0.11% |
| Payout Ratio | 7.14% | 3.92% | 10.28% | 14.69% | ||
| Buyback Yield / Dilution | 7.70% | -3.08% | -5.56% | -3.62% | -0.69% | -1.31% |
| Total Shareholder Return | 8.04% | -2.93% | -5.43% | -3.38% | -0.34% | -1.20% |