{"schema_version":"secwatch.filing_event.v1","accession":"0001013857-26-000025","form_type":"8-K","ticker":"PEGA","cik":"0001013857","company_name":"PEGASYSTEMS INC","filed_at":"2026-04-21T23:59:59+00:00","discovered_at":"2026-05-14T18:02:31.793779+00:00","generated_at":"2026-05-15T05:02:32.007851+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Pegasystems Q1 2026: Revenue down 10% to $430M; net income falls 62%","bullets":["GAAP diluted EPS $0.18 vs $0.46 YoY; non-GAAP EPS $0.46 vs $0.76.","Total ACV $1.622B, up 12% YoY; Pega Cloud ACV grew 29% YoY (27% constant currency).","Pega Cloud revenue $205M, up 36% YoY; subscription license revenue $94.9M, down 49%.","Cash flow from operations and free cash flow both exceeded $200M in Q1.","Management cites Blueprint AI as driver for cloud momentum and enterprise transformation."],"urls":{"canonical":"https://secwatch.observer/filing/0001013857-26-000025","json":"https://secwatch.observer/filing/0001013857-26-000025.json","markdown":"https://secwatch.observer/filing/0001013857-26-000025.md","text":"https://secwatch.observer/filing/0001013857-26-000025.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1013857/000101385726000025/0001013857-26-000025-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1013857/000101385726000025/pega-20260421.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T05:02:32.007851+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":"792b4cb673f4f85c4e6f1ac1a08cd08d26e94691","claim":"PEGASYSTEMS INC reported Three Months Ended March 31, 2026 results: revenue $ 429,973, net income $ 32,764, EPS $ 0.18.","evidence_excerpt":"Total revenue $ 429,973 $ 475,633 (10) % Net income - GAAP $ 32,764 $ 85,422 (62) % Net income - non-GAAP $ 83,068 $ 140,542 (41) % Diluted earnings per share - GAAP $ 0.18 $ 0.46 (61) %","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1013857/000101385726000025/0001013857-26-000025-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Three Months Ended March 31, 2026"},{"label":"Revenue","value":"$ 429,973"},{"label":"Net income","value":"$ 32,764"},{"label":"EPS","value":"$ 0.18"},{"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"}