{"schema_version":"secwatch.filing_event.v1","accession":"0001013857-23-000021","form_type":"8-K","ticker":"PEGA","cik":"0001013857","company_name":"PEGASYSTEMS INC","filed_at":"2023-02-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.490884+00:00","generated_at":"2026-06-19T10:15:47.058408+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Pegasystems Q4 GAAP profit $34.6M, revenue up 25% YoY; 2023 FCF guide $150M","bullets":["Q4 GAAP net income $34.6M ($0.41 diluted EPS) vs loss of $37.2M year ago; non-GAAP net income $68.3M ($0.82).","Full-year 2022 revenue $1.318B (+9% YoY); subscription revenue exceeded $1B for the first time.","ACV grew 16% YoY in constant currency; Pega Cloud gross margin reached 70%.","2023 guidance: revenue ~$1.4B, non-GAAP EPS $1.50, GAAP EPS $0.02, free cash flow ~$150M.","Q4 subscription revenue $340.9M (86% of total), up 37% YoY driven by subscription license growth."],"urls":{"canonical":"https://secwatch.observer/filing/0001013857-23-000021","json":"https://secwatch.observer/filing/0001013857-23-000021.json","markdown":"https://secwatch.observer/filing/0001013857-23-000021.md","text":"https://secwatch.observer/filing/0001013857-23-000021.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1013857/000101385723000021/0001013857-23-000021-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1013857/000101385723000021/pega-20230215.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T10:15:47.058408+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"874f7303dbaa5f43e66604dc45512f0202d18da6","claim":"PEGASYSTEMS INC reported fourth quarter and full-year 2022 results: revenue $396,470, net income $34,613, EPS $0.41. Guidance initiated.","evidence_excerpt":"performance metrics (1) (Dollars in thousands, except per share amounts) Three Months Ended December 31, Year Ended December 31, 2022 2021 Change 2022 2021 Change Total revenue $ 396,470 $ 316,184 25 % $ 1,317,845 $ 1,211,653 9 % Net income (loss) - GAAP $ 34,613 $ (37,246) * $ (345,582) $ (63,040) (448) % Net income - non-GAAP $ 68,341 $ 3,051 2140 % $ 59,611 $","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1013857/000101385723000021/0001013857-23-000021-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter and full-year 2022"},{"label":"Revenue","value":"$396,470"},{"label":"Net income","value":"$34,613"},{"label":"EPS","value":"$0.41"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}