---
schema_version: "secwatch.filing_event.v1"
accession: "0001013857-24-000227"
form_type: "8-K"
ticker: "PEGA"
cik: "0001013857"
company_name: "PEGASYSTEMS INC"
filed_at: "2024-10-23T23:59:59+00:00"
generated_at: "2026-05-30T10:53:45.878573+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Pegasystems Q3 ACV up 16% to $1.36B; Pega Cloud ACV surges 30%; revenue falls 3%

## Summary
- ACV reached $1,360M, +16% YoY; Pega Cloud ACV +30% YoY (26% constant currency).
- Q3 total revenue $325M, down 3% YoY; Pega Cloud revenue $144M (+44%).
- GAAP net loss $14.4M (-$0.17/sh); non-GAAP net income $34.6M ($0.39/sh).
- Nine-month cash from ops $251M; free cash flow $246M; non-GAAP net income $122.6M (+111%).
- Subscription license revenue fell 39% to $45M; consulting revenue down 3% to $54M.

## SEC filing metadata
- accession: 0001013857-24-000227
- form_type: 8-K
- ticker: PEGA
- cik: 0001013857
- company_name: PEGASYSTEMS INC
- filed_at: 2024-10-23T23:59:59+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/1013857/000101385724000227/0001013857-24-000227-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1013857/000101385724000227/pega-20241023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001013857-24-000227
- JSON: https://secwatch.observer/filing/0001013857-24-000227.json
- Plain text: https://secwatch.observer/filing/0001013857-24-000227.txt

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