---
schema_version: "secwatch.filing_event.v1"
accession: "0001013857-24-000086"
form_type: "8-K"
ticker: "PEGA"
cik: "0001013857"
company_name: "PEGASYSTEMS INC"
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T09:11:13.650220+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Pega Q1 cash flow $180M, ACV up 9%, non-GAAP EPS $0.48

## Summary
- Cash flow from operations and free cash flow both reached $180M in Q1 2024.
- ACV grew 9% YoY to $1,273M; constant currency growth also 9%.
- Total revenue $330.1M (+1% YoY); Pega Cloud revenue up 21% to $130.9M.
- GAAP net loss $12.1M improved from $20.8M loss; non-GAAP net income $42.2M (EPS $0.48 vs $0.23).
- Pega Cloud gross margin expanded to 77% in Q1 2024.

## SEC filing metadata
- accession: 0001013857-24-000086
- form_type: 8-K
- ticker: PEGA
- cik: 0001013857
- company_name: PEGASYSTEMS INC
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1013857/000101385724000086/0001013857-24-000086-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1013857/000101385724000086/pega-20240424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001013857-24-000086
- JSON: https://secwatch.observer/filing/0001013857-24-000086.json
- Plain text: https://secwatch.observer/filing/0001013857-24-000086.txt

## Key facts
- Earnings Releases
  PEGASYSTEMS INC reported Three Months Ended March 31, 2024 results: revenue $330,147, net income $(12,124), EPS $(0.14).
  - Period: Three Months Ended March 31, 2024
  - Revenue: $330,147
  - Net income: $(12,124)
  - EPS: $(0.14)
  - Result: reported results
  source text: Three Months Ended March 31, 2024 2023 Change Total revenue $ 330,147 $ 325,472 1 % Net (loss) - GAAP $ (12,124) $ (20,774) 42 % Net income - non-GAAP $ 42,154 $ 19,220 119 % Diluted (loss) per share - GAAP $ (0.14) $ (0.25) 44 % Diluted earnings per share - non-GAAP $ 0.48 $ 0.23 109 %
  evidence_url: https://www.sec.gov/Archives/edgar/data/1013857/000101385724000086/0001013857-24-000086-index.htm

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