secwatch.observer — SEC 8-K summary
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Issuer:     PEGASYSTEMS INC (PEGA)
CIK:        0001013857
Form:       8-K
Filed at:   2026-04-21T23:59:59+00:00
Accession:  0001013857-26-000025
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1013857/000101385726000025/0001013857-26-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1013857/000101385726000025/pega-20260421.htm
  HTML page:      https://secwatch.observer/filing/0001013857-26-000025

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