{"schema_version":"secwatch.filing_event.v1","accession":"0001013857-23-000199","form_type":"8-K","ticker":"PEGA","cik":"0001013857","company_name":"PEGASYSTEMS INC","filed_at":"2023-10-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.859576+00:00","generated_at":"2026-06-09T09:36:54.741759+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 Q3 rev $334.6M (+24%), GAAP loss narrows to $7.3M, ACV +12%, record free cash flow $124M","bullets":["Record free cash flow of $124M through Q3 2023; operating cash flow $138M.","Q3 total revenue $334.6M, up 24% YoY, driven by subscription revenue growth of 34%.","GAAP net loss improved 92% to $7.3M; non-GAAP net income $37.6M vs loss $27.5M a year ago.","Pega Cloud gross margin reached 74% through Q3; Cloud revenue $118M, up 21% YoY.","Annual contract value grew 12% YoY (10% constant currency) to $1.169B."],"urls":{"canonical":"https://secwatch.observer/filing/0001013857-23-000199","json":"https://secwatch.observer/filing/0001013857-23-000199.json","markdown":"https://secwatch.observer/filing/0001013857-23-000199.md","text":"https://secwatch.observer/filing/0001013857-23-000199.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1013857/000101385723000199/0001013857-23-000199-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1013857/000101385723000199/pega-20231025.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T09:36:54.741759+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":"84cd31aba35a542049eadd4977f3e08078474b81","claim":"PEGASYSTEMS INC reported the third quarter of 2023 results: revenue $334,643, net income $(7,279) - GAAP, EPS $(0.09) per diluted share - GAAP.","evidence_excerpt":"(continued) (Dollars in thousands, except per share amounts) Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 Change 2023 2022 Change Total revenue $ 334,643 $ 270,731 24 % $ 958,383 $ 921,375 4 % Net (loss) - GAAP $ (7,279) $ (93,520) 92 % $ (74,857) $ (380,195) 80 % Net income (loss) - non-GAAP $ 37,595 $ (27,498) * $ 58,018 $","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1013857/000101385723000199/0001013857-23-000199-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter of 2023"},{"label":"Revenue","value":"$334,643"},{"label":"Net income","value":"$(7,279) - GAAP"},{"label":"EPS","value":"$(0.09) per diluted share - GAAP"},{"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"}