---
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"
generated_at: "2026-05-15T05:02:32.007851+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Pegasystems Q1 2026: Revenue down 10% to $430M; net income falls 62%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001013857-26-000025
- JSON: https://secwatch.observer/filing/0001013857-26-000025.json
- Plain text: https://secwatch.observer/filing/0001013857-26-000025.txt

## Key facts
- Earnings Releases
  PEGASYSTEMS INC reported Three Months Ended March 31, 2026 results: revenue $ 429,973, net income $ 32,764, EPS $ 0.18.
  - Period: Three Months Ended March 31, 2026
  - Revenue: $ 429,973
  - Net income: $ 32,764
  - EPS: $ 0.18
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1013857/000101385726000025/0001013857-26-000025-index.htm

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