---
schema_version: "secwatch.filing_event.v1"
accession: "0001013857-22-000139"
form_type: "8-K"
ticker: "PEGA"
cik: "0001013857"
company_name: "PEGASYSTEMS INC"
filed_at: "2022-07-27T23:59:59+00:00"
generated_at: "2026-06-24T07:56:33.283422+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Pegasystems Q2 revenue falls 16% YoY; GAAP net loss of $286M

## Summary
- Total revenue $274M (down 16% YoY); H1 revenue $651M (up 2% YoY)
- GAAP diluted EPS loss $3.50; non-GAAP diluted EPS loss $0.38
- Annual contract value grew 14% (19% constant currency); total backlog $1.1B
- Pega Cloud revenue up 28% to $93.5M; 70% of new client commitments in H1
- Company targets Rule of 40 by 2024; no specific guidance change mentioned

## SEC filing metadata
- accession: 0001013857-22-000139
- form_type: 8-K
- ticker: PEGA
- cik: 0001013857
- company_name: PEGASYSTEMS INC
- filed_at: 2022-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1013857/000101385722000139/0001013857-22-000139-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1013857/000101385722000139/pega-20220727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001013857-22-000139
- JSON: https://secwatch.observer/filing/0001013857-22-000139.json
- Plain text: https://secwatch.observer/filing/0001013857-22-000139.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.