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Nasdaq · Technology

PEGASYSTEMS INC (PEGA)

As-reported financials and SEC filings for PEGASYSTEMS INC. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About PEGASYSTEMS INC

Pegasystems Inc develops and supports enterprise software that helps organizations optimize decisions and automate workflows in real-time. Its main products include Pega Infinity, a platform for customer engagement, customer service, workflow automation, and legacy system transformation, serving leading brands and government agencies. The company’s software uses artificial intelligence and low-code development to improve customer experiences, streamline operations, and modernize legacy systems across various industries.

Snapshot

Revenue
$1.75B
Revenue growth (YoY)
16.6%
Net income
$393.4M
Diluted EPS
$2.13
Gross margin
75.9%
Operating margin
15.1%
Net margin
22.5%
FCF margin
28.1%
ROE
50.0%
net income / fiscal-year-end equity
P/E
20.6×
trailing when available, otherwise FY EPS
Market cap
$5.95B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Pegasystems

  • Revenue grew 16.6% to $1.7B in FY2025, faster than the 4.5% the year before.
  • Operating margin turned positive at 15.1% in FY2025, from a 7.8% operating loss in FY2021.
  • Most recent quarter Q2 FY2026: revenue $421M, up 9.4% from Q2 FY2025.
  • Free cash flow was $491M in FY2025, 28.1% of revenue.
  • Net income rose 296.7% to $393M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Pegasystems’s fundamentals sit among the 332 software companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin75.9%
70th percentile of 264
Operating margin15.1%
78th percentile of 303
Net margin22.5%
87th percentile of 307
FCF margin28.1%
83rd percentile of 285
Revenue growth (YoY)+16.6%
65th percentile of 325
ROE50.0%
93rd percentile of 285
P/E20.6×
38th percentile of 169
Short interest7.38d
89th percentile of 330

Pegasystems’s return on equity of 50.0% ranks in the 93rd percentile of the 285 software companies reporting it. Pegasystems’s net margin of 22.5% ranks in the 87th percentile of the 307 software companies reporting it.

No reported insider purchases (code P) in the last 90 days; 6 insider sales totaling $182,446. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 of the superinvestors we track (plus 5 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
2
+5 quant / multi-strat
Initiated / added
5
1 new, 4 added
Reduced / exited
3
2 trimmed, 1 exited
Combined position
$238.6M
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ2 2026$147.4M4.9MAdded
Millennium ManagementquantQ2 2026$33.4M1.1MAdded
Two Sigma InvestmentsquantQ2 2026$20.8M693.8KAdded
Gotham Asset ManagementQ2 2026$16.4M548.4KReduced
Point72 Asset ManagementquantQ2 2026$11.1M370.2KAdded
Bridgewater AssociatesQ2 2026$5.1M169.1KReduced
D. E. ShawquantQ2 2026$4.3M144.6KNew

No longer held by: Citadel Advisors (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
6
$182K
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-25
filed 2026-08-26
Akgonul Rifat KerimChief Product OfficerSell1.7K$33.98$58K
2026-08-25
filed 2026-08-26
Akgonul Rifat KerimChief Product OfficerSell1.3K$34.00$44K
2026-08-10
filed 2026-08-11
KOUNINIS EFSTATHIOS ASVP, Chief Accounting OfficerSell860$33.10$28K
2026-08-07
filed 2026-08-11
KOUNINIS EFSTATHIOS ASVP, Chief Accounting OfficerSell860$32.30$28K
2026-06-16
filed 2026-06-18
KOUNINIS EFSTATHIOS ASVP, Chief Accounting OfficerSell650$32.31$21K
2026-06-16
filed 2026-06-18
KOUNINIS EFSTATHIOS ASVP, Chief Accounting OfficerSell100$32.31$3K
2026-06-01
filed 2026-06-02
KOUNINIS EFSTATHIOS ASVP, Chief Accounting OfficerSell750$36.99$28K
2026-05-29
filed 2026-06-02
KOUNINIS EFSTATHIOS ASVP, Chief Accounting OfficerSell750$34.75$26K
2026-05-19
filed 2026-05-20
Akgonul Rifat KerimChief Product OfficerSell4.5K$33.35$152K
2026-05-05
filed 2026-05-06
STILLWELL KENNETHCOO, CFOSell8.4K$36.45$306K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
11.4M
settled 2026-08-14
Change vs prior
-14.2%
vs previous settlement
Days to cover
7.38
at avg daily volume
Avg daily volume
1.5M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1411.4M-14.2%7.38
2026-07-3113.3M-16.1%2.63
2026-07-1515.8M-1.4%7.93
2026-06-3016.0M+15.8%5.98
2026-06-1513.9M+10.1%7.56
2026-05-2912.6M+2.2%7.52
2026-05-1512.3M+21.9%6.48
2026-04-3010.1M+20.5%3.39

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$1.75B$1.50B$1.43B$1.32B$1.21B
Gross profit$1.32B$1.11B$1.05B$949.2M$875.3M
Operating income$263.1M$123.9M$81.0M$-109.4M$-94.7M
Net income$393.4M$99.2M$67.8M$-345.6M$-63.0M
Diluted EPS$2.13$0.55$0.37$-2.11$-0.39

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$212.4M$337.1M$229.9M$145.1M$160.0M
Current assets$978.3M$1.33B$1.03B$846.5M$840.2M
Total assets$1.63B$1.77B$1.51B$1.36B$1.59B
Current liabilities$737.8M$1.09B$577.1M$538.9M$485.4M
Long-term debt
Total liabilities$844.5M$1.18B$1.16B$1.23B$1.18B
Total equity$787.4M$585.5M$353.8M$130.8M$416.1M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$505.2M$345.9M$217.8M$22.3M$39.1M
Capital expenditure$14.5M$7.7M$16.8M$35.4M$10.5M
Free cash flow$490.7M$338.2M$201.0M$-13.0M$28.7M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$420.7M9.4%$13.3M$0.08
Q1 FY2026$430.0M-9.6%$32.8M$0.18
Q4 FY2025$504.3M2.7%$234.6M$1.27
Q3 FY2025$381.4M17.3%$43.4M$0.24
Q2 FY2025$384.5M9.5%$30.1M$0.17
Q1 FY2025$475.6M44.1%$85.4M$0.46
Q4 FY2024$490.8M3.5%$119.1M$0.58
Q3 FY2024$325.1M-2.9%$-14.4M$-0.08

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorTechnology
SIC industryServices-Computer Processing & Data Preparation
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2019
SEC CIK1013857

Selected SEC filings

10-Q2026-07-21
View on EDGAR →
10-Q2026-04-21
View on EDGAR →
8-K2026-07-21
View on EDGAR →
8-K2026-06-18
View on EDGAR →
8-K2026-06-08
View on EDGAR →
8-K2026-04-21
View on EDGAR →

Largest software peers

All software stocksAll Technology companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.