---
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"
generated_at: "2026-06-13T02:06:42.503126+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Pegasystems Q2 revenue up 9%, GAAP loss narrows 84%, record H1 cash flow, ACV +13%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001013857-23-000143
- JSON: https://secwatch.observer/filing/0001013857-23-000143.json
- Plain text: https://secwatch.observer/filing/0001013857-23-000143.txt

## Key facts
- Earnings Releases
  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).
  - Period: second quarter of 2023
  - Revenue: Total revenue $ 298,268
  - Net income: Net (loss) - GAAP $ (46,804)
  - EPS: Diluted (loss) per share - GAAP $ (0.56)
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1013857/000101385723000143/0001013857-23-000143-index.htm

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