secwatch.observer — SEC 8-K summary
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Issuer:     PEGASYSTEMS INC (PEGA)
CIK:        0001013857
Form:       8-K
Filed at:   2025-04-22T23:59:59+00:00
Accession:  0001013857-25-000103
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1013857/000101385725000103/0001013857-25-000103-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1013857/000101385725000103/pega-20250422.htm
  HTML page:      https://secwatch.observer/filing/0001013857-25-000103

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer