---
schema_version: "secwatch.filing_event.v1"
accession: "0001013857-25-000103"
form_type: "8-K"
ticker: "PEGA"
cik: "0001013857"
company_name: "PEGASYSTEMS INC"
filed_at: "2025-04-22T23:59:59+00:00"
generated_at: "2026-05-23T08:53:04.454322+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Pegasystems Q1 2025 revenue $475.6M (+44% YoY), GAAP EPS $0.91 vs -$0.14 loss

## Summary
- Non-GAAP net income $140.5M (EPS $1.53) vs $42.2M ($0.48) a year ago, up 233%.
- Annual Contract Value (ACV) grew 13% to $1.445B; Pega Cloud ACV up 23% YoY.
- Operating cash flow $204M and free cash flow $202M in Q1, both record highs.
- Total subscription revenue $414M, up 50% YoY; subscription license revenue $186.6M (+195%).
- Backlog grew 21% YoY; company cites Pega GenAI driving client engagement and transformation.

## SEC filing metadata
- accession: 0001013857-25-000103
- form_type: 8-K
- ticker: PEGA
- cik: 0001013857
- company_name: PEGASYSTEMS INC
- filed_at: 2025-04-22T23:59:59+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/1013857/000101385725000103/0001013857-25-000103-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1013857/000101385725000103/pega-20250422.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001013857-25-000103
- JSON: https://secwatch.observer/filing/0001013857-25-000103.json
- Plain text: https://secwatch.observer/filing/0001013857-25-000103.txt

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