Rohit Ghai
On January 16, 2025, the Board of Directors (the “Board”) of Pegasystems Inc. (the “Corporation”) appointed Rohit Ghai as a new member of the Board effective January 16, 2025.
Highest-materiality recent filing
Pega Q2 revenue up 9% to $420.7M; GAAP EPS $0.08, non-GAAP EPS $0.35; Pega Cloud ACV +22% YoY
Total ACV $1.62B, up 7% YoY (8% constant currency); Pega Cloud ACV +22% YoY.
Pegasystems shareholders reelect all eight directors, approve say-on-pay, ratify Deloitte
All eight director nominees reelected; highest vote count 150.4M for Rohit Ghai, lowest 137.6M for Richard Jones.
Pegasystems presents investor update highlighting long-term free cash flow momentum
Investor presentation on June 8, 2026, titled 'Blueprint long-term momentum in free cash flow'.
Pegasystems Q1 2026: Revenue down 10% to $430M; net income falls 62%
GAAP diluted EPS $0.18 vs $0.46 YoY; non-GAAP EPS $0.46 vs $0.76.
Pegasystems approves 2026 executive incentive plan with 70% threshold and RSU election option
Incentive plan funded based on 75% financial and 25% strategic goals; funding requires at least 70% achievement.
Pegasystems Q4 2025: ACV up 17%, EPS beat, $1B buyback expansion
ACV grew 17% YoY to $1.608B (14% constant currency); Pega Cloud ACV up 33%.
Pegasystems commits to restructuring, expects $13M Q4 2025 charge
Organizational changes primarily impact Consulting org, including role eliminations and reorganization.
Pegasystems wins Supreme Court of Virginia appeal; $2B verdict overturned, retrial ordered
Supreme Court of Virginia unanimously affirmed reversal of $2B trade secrets verdict against Pegasystems.
Pegasystems Q3 2025 revenue $381M (+17% YoY); GAAP net income $43.4M vs loss year ago
ACV grew 14% YoY to $1.56B; Pega Cloud ACV up 27% YoY.
Pegasystems Q2 revenue $384.5M (+9% YoY); ACV up 16%; GAAP EPS $0.17 vs $0.04
Total revenue $384.5M (+9% YoY); Pega Cloud revenue $166.7M (+24% YoY) driven by AI strategy.
Pegasystems effects 2-for-1 forward stock split; shares begin trading split-adjusted June 23
Record date for stock split was June 10, 2025; each share received one additional share.
Pegasystems shareholders approve 2-for-1 stock split; post-split trading expected June 23
Shareholders approved doubling authorized shares to 400M and 2-for-1 stock split.
Pegasystems provides investor presentation on June 2, 2025; no specific financial data disclosed
Presentation covers financial update by COO/CFO Ken Stillwell on June 2, 2025.
Pegasystems Q1 2025 revenue $475.6M (+44% YoY), GAAP EPS $0.91 vs -$0.14 loss
Non-GAAP net income $140.5M (EPS $1.53) vs $42.2M ($0.48) a year ago, up 233%.
Pegasystems approves 2025 executive compensation; CEO base $600k, target 100%
CEO Alan Trefler base salary $600k, target bonus 100% of base.
Pega repays $469.6M convertible notes at maturity; achieves Rule of 40 status
Repaid $469.6M in cash (principal + accrued interest) on 0.75% convertible notes due March 1, 2025.
Q4 revenue $490.8M (+3% YoY); full-year revenue $1.50B (+5%); net income GAAP $99.2M ($1.11 diluted EPS) vs $67.8M ($0.73) prior year.
Pegasystems Compensation Committee approves 2025 executive bonus plan
Plan funding based 75% on financial goals and 25% on strategic goals; threshold is 70% of target.
Pega appoints Rohit Ghai (RSA CEO) to board effective Jan 16, 2025
Rohit Ghai appointed to Pega board effective Jan 16, 2025; board expands from 7 to 8 members.
Pegasystems repurchases $34.4M of 2025 convertible notes at 98.5% of par
Repurchased $34.4M principal of 0.75% convertible notes due 2025 at $98.50 per $100, plus accrued interest.
Pegasystems Q3 ACV up 16% to $1.36B; Pega Cloud ACV surges 30%; revenue falls 3%
ACV reached $1,360M, +16% YoY; Pega Cloud ACV +30% YoY (26% constant currency).
SEC closes investigation of Pegasystems with no enforcement action
SEC Division of Enforcement concluded investigation commenced March 2023.
Virginia Appeals Court reverses $2B trade-secret verdict against Pegasystems
Court of Appeals of Virginia reversed judgment on Appian's VUTSA trade-secret claims and remanded for new trial.
Pegasystems Q2 revenue $351M (+18%), ACV up 13% CC, Pega Cloud backlog exceeds $1B
Annual contract value (ACV) of $1.305B, up 13% YoY in constant currency.
All seven director nominees elected; Alan Trefler received 67.8M for (99.0%), Larry Weber 47.9M for (69.9%) with 20.6M against.
Pegasystems conducts investor session on June 10, 2024; no material financial data disclosed
Company presented to investors on June 10, 2024, as part of an investor session.
Pega Q1 cash flow $180M, ACV up 9%, non-GAAP EPS $0.48
Cash flow from operations and free cash flow both reached $180M in Q1 2024.
Pegasystems sets 2024 executive salaries: CEO $600k, COO $550k, plus incentives
CEO Alan Trefler base salary $600,000 with 100% target bonus.
Pega Q4 2023: Revenue up 20% YoY, ACV grows 11%, record free cash flow over $200M
Q4 GAAP net income of $142.7M ($1.61 EPS) vs $34.6M ($0.41 EPS) in Q4 2022; non-GAAP EPS $1.77.
Compensation Committee approved 2024 Corporate Incentive Compensation Plan for executive officers on Feb 6, 2024.
Pegasystems Q3 rev $334.6M (+24%), GAAP loss narrows to $7.3M, ACV +12%, record free cash flow $124M
Record free cash flow of $124M through Q3 2023; operating cash flow $138M.
Pegasystems announces ~4% workforce reduction, expects $16M charge in Q3 2023
Reduction of approximately 4% of employees across various geographies announced August 30, 2023.
Pegasystems Q2 revenue up 9%, GAAP loss narrows 84%, record H1 cash flow, ACV +13%
Q2 total revenue $298.3M (+9% YoY); Pega Cloud revenue $115.1M (+23% YoY) and gross margin 73%.
Larry Weber re-elected with 49.9M for, 19.7M against, 4.8M non-votes.
Pegasystems files 8-K with investor presentation; no financial details available in filing
Investor presentation dated June 12, 2023, provided; content not included in the SEC filing.
Pegasystems repurchases $29M of convertible notes at 91.375% of par
Repurchased $29.0M principal amount of 0.75% convertible notes due 2025 at $91.375 per $100 par plus accrued interest.
Pegasystems repurchases $35.73M of 0.75% convertible notes due 2025 at discount
Repurchased $35.73M principal at $90.87 per $100, plus accrued interest.
Pegasystems Q1 revenue down 14%, GAAP loss widens; ACV grows 15%
Total revenue $325.5M, down 14% YoY; GAAP net loss $20.8M vs $0.4M loss in Q1 2022.
Pegasystems repurchases $33M of convertible notes at 9.75% discount
Repurchased $33.0M principal of 0.75% convertible notes due 2025 at $90.25 per $100 principal plus accrued interest.
Pegasystems boosts share reserve by 6M shares in LTIP amendment; discloses 2023 executive comp
Board approved amendment to 2004 LTIP, increasing shares available by 6,000,000, subject to shareholder approval.
Pegasystems Q4 GAAP profit $34.6M, revenue up 25% YoY; 2023 FCF guide $150M
Q4 GAAP net income $34.6M ($0.41 diluted EPS) vs loss of $37.2M year ago; non-GAAP net income $68.3M ($0.82).
Pegasystems highlights expert support in Appian trade secrets appeal
AIPLA and professors Samuelson and Gergen filed opinions criticizing trial court jury instructions in Appian v. Pegasystems.
Pegasystems approves 2023 executive incentive plan with RSU election option
Plan funded 75% by financial goals, 25% by strategic goals; threshold at 70% of target.
Pegasystems appeals $2B+ Appian trade secrets verdict, argues legal errors
Filed appeal brief with Virginia Court of Appeals challenging jury verdict and $2B+ damages.
Pegasystems cuts ~4% of workforce, expects $18.9M charge in Q4 2022
Workforce reduction of ~4% across all geographies, affecting go-to-market teams.
Pegasystems updates on Appian litigation; $2.1B damages award now in appeal
Pega says $2.1B damages award is not payable until appeal resolved; no impact on product or sales.
Pegasystems settles Massachusetts litigation with Appian; terms confidential
Entered confidential settlement with Appian and BPM.com, dismissing all claims and counterclaims in Massachusetts litigation with prejudice.
Pegasystems Q3 revenue up 6% to $270.7M; Pega Cloud ACV grows 39% constant currency
Total revenue $270.7M (+6% YoY); GAAP net loss $93.5M widened from $56.5M loss in Q3'21.
Pegasystems faces $2.06B judgment in Appian trade secrets case; files appeal
Virginia court entered final judgment of ~$2.06B plus attorney fees and costs, with 6% post-judgment interest.
Pegasystems Q2 revenue falls 16% YoY; GAAP net loss of $286M
Total revenue $274M (down 16% YoY); H1 revenue $651M (up 2% YoY)
On January 16, 2025, the Board of Directors (the “Board”) of Pegasystems Inc. (the “Corporation”) appointed Rohit Ghai as a new member of the Board effective January 16, 2025.
On February 14, 2022, Hayden Stafford, President of Global Client Engagement, informed Pegasystems Inc. (the “Company”) that he has accepted an executive role at a Pre-IPO technology company.
On February 16, 2022, the Company announced that it has appointed Leon Trefler as the Company’s Chief of Clients and Markets.
On December 20, 2021, Douglas Kra, Senior Vice President, Global Client Success, informed Pegasystems Inc. that he will be retiring from Pegasystems effective March 31, 2022.
Max materiality 0.95 · Median 0.62 · Most common event earnings