{"schema_version":"secwatch.filing_event.v1","accession":"0001013857-23-000076","form_type":"8-K","ticker":"PEGA","cik":"0001013857","company_name":"PEGASYSTEMS INC","filed_at":"2023-04-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.596997+00:00","generated_at":"2026-06-16T11:19:36.380600+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Pegasystems Q1 revenue down 14%, GAAP loss widens; ACV grows 15%","bullets":["Total revenue $325.5M, down 14% YoY; GAAP net loss $20.8M vs $0.4M loss in Q1 2022.","ACV grew 15% on a constant currency basis; Pega Cloud revenue $107.9M (+19% YoY).","Subscription license revenue fell 39% to $84.5M; consulting revenue down 13% to $53.0M.","Non-GAAP net income $19.2M, down 62%; non-GAAP diluted EPS $0.23 vs $0.59."],"urls":{"canonical":"https://secwatch.observer/filing/0001013857-23-000076","json":"https://secwatch.observer/filing/0001013857-23-000076.json","markdown":"https://secwatch.observer/filing/0001013857-23-000076.md","text":"https://secwatch.observer/filing/0001013857-23-000076.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1013857/000101385723000076/0001013857-23-000076-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1013857/000101385723000076/pega-20230426.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T11:19:36.380600+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":"51a0d19877121881c82e7040fc71aa6228d67a22","claim":"PEGASYSTEMS INC reported the first quarter of 2023 results: revenue $ 325,472, net income $ (20,774), EPS $ (0.25).","evidence_excerpt":"applying the Q1 2022 foreign exchange rates to all periods shown. 2 (Dollars in thousands, except per share amounts) Three Months Ended March 31, 2023 2022 Change Total revenue $ 325,472 $ 376,307 (14) % Net (loss) - GAAP $ (20,774) $ (379) * Net income - non-GAAP $ 19,220 $ 50,174 (62) % Diluted (loss) per share - GAAP $ (0.25) $ 0.00 * Diluted earnings per share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1013857/000101385723000076/0001013857-23-000076-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter of 2023"},{"label":"Revenue","value":"$ 325,472"},{"label":"Net income","value":"$ (20,774)"},{"label":"EPS","value":"$ (0.25)"},{"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"}