{"schema_version":"secwatch.filing_event.v1","accession":"0001013857-23-000143","form_type":"8-K","ticker":"PEGA","cik":"0001013857","company_name":"PEGASYSTEMS INC","filed_at":"2023-07-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.868753+00:00","generated_at":"2026-06-13T02:06:42.503126+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Pegasystems Q2 revenue up 9%, GAAP loss narrows 84%, record H1 cash flow, ACV +13%","bullets":["Q2 total revenue $298.3M (+9% YoY); Pega Cloud revenue $115.1M (+23% YoY) and gross margin 73%.","GAAP net loss $46.8M ($0.56 loss per share) vs $286.3M loss ($3.50 loss) in Q2 2022.","Non-GAAP net income $1.2M ($0.01 EPS) vs non-GAAP loss $31.4M ($0.38 loss) a year ago.","Annual contract value (ACV) $1.164B, up 13% YoY on a constant currency basis.","Operating cash flow exceeded $110M in first half of 2023; free cash flow >$120M."],"urls":{"canonical":"https://secwatch.observer/filing/0001013857-23-000143","json":"https://secwatch.observer/filing/0001013857-23-000143.json","markdown":"https://secwatch.observer/filing/0001013857-23-000143.md","text":"https://secwatch.observer/filing/0001013857-23-000143.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1013857/000101385723000143/0001013857-23-000143-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1013857/000101385723000143/pega-20230726.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T02:06:42.503126+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":"bf16db17f090f1f09e5915ecd9189d68a93565c1","claim":"PEGASYSTEMS INC reported second quarter of 2023 results: revenue Total revenue $ 298,268, net income Net (loss) - GAAP $ (46,804), EPS Diluted (loss) per share - GAAP $ (0.56).","evidence_excerpt":"to all periods shown. (Dollars in thousands, except per share amounts) Three Months Ended June 30, Six Months Ended June 30, 2023 2022 Change 2023 2022 Change Total revenue $ 298,268 $ 274,337 9 % $ 623,740 $ 650,644 (4) % Net (loss) - GAAP $ (46,804) $ (286,296) 84 % $ (67,578) $ (286,675) 76 % Net income (loss) - non-GAAP $ 1,203 $ (31,406) * $ 20,423 $","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1013857/000101385723000143/0001013857-23-000143-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter of 2023"},{"label":"Revenue","value":"Total revenue $ 298,268"},{"label":"Net income","value":"Net (loss) - GAAP $ (46,804)"},{"label":"EPS","value":"Diluted (loss) per share - GAAP $ (0.56)"},{"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"}