Every 8-K that Pegasystems Inc (PEGA) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow PEGA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PEGA filings page.
Pegasystems Inc. reported second-quarter 2026 results with total revenue of $420.7M, up 9% year over year. Subscription revenue contributed 88% of total, driven by Pega Cloud revenue of $213.9M, up 28%. However, GAAP net income declined to $13.3M from $30.1M, while non-GAAP net income rose to $59.5M, up 19%, reflecting higher adjustments including legal fees and stock-based compensation.
For the first half of 2026, revenue was $850.7M, slightly below 2025, but cash flow from operations reached $298.2M and free cash flow $288.3M, both modestly higher. Management highlighted “record first-half cash flow” and significant capital returned to shareholders, consistent with $349.0M of cash used in financing activities. Pega Cloud Annual Contract Value grew 22% to $926.3M, and total ACV increased 7%, while backlog rose 10% to $2.0B. The company noted that unprecedented changes in the AI market have caused clients to delay purchasing decisions, significantly slowing ACV growth in 2026 and potentially pressuring growth for the rest of the year.
Pegasystems Inc. held its 2026 Annual Meeting of Shareholders on June 16, 2026, where investors voted on directors, executive pay, and the auditor. All eight director nominees, including Alan Trefler and Sharon Rowlands, were reelected, each receiving over 137 million votes in favor.
Shareholders approved the company’s executive compensation in a non-binding advisory vote, with 148,608,236 votes for and 3,960,275 against. They also ratified Deloitte & Touche LLP as independent registered public accounting firm for the year ending December 31, 2026, with 157,745,439 votes for and 1,927,638 against.
Pegasystems Inc. furnished an investor presentation outlining its long-term growth, profitability, and capital return framework. The company highlights completion of its multi‑year transition to a subscription model and reports Rule of 40 performance improving from 14% in 2022 to 45% in 2025, combining ACV growth and free cash flow margin.
Free cash flow rose from $(53)M in 2019 to $491M in 2025, with guidance of about $575M for 2026 and a target of roughly $700M for 2028, supporting an eventual 35%–40%+ free cash flow margin in its long‑term model. Pega Cloud ACV growth accelerated year over year from 16% to 29% between Q1 2024 and Q1 2026, helping drive overall ACV expansion.
Non‑GAAP operating margin increased from 6% in 2022 to 28% in 2025, and the company targets an 80% non‑GAAP gross margin and lower sales and marketing and R&D expense ratios by 2027/2028. Pegasystems returned over $600M to shareholders from 2023–2025, about 60% of cumulative free cash flow, and aims to continue a mix of dividends, debt optimization, and opportunistic share repurchases.
Pegasystems Inc. reported softer results for Q1 2026, with total revenue of $429.973 million, down 10% from $475.633 million a year earlier. GAAP net income fell to $32.764 million from $85.422 million, and GAAP diluted EPS declined to $0.18 from $0.46.
Despite lower revenue and earnings, the company’s subscription engine remains strong. Total annual contract value (ACV) increased 12% year over year to $1.622 billion, led by Pega Cloud ACV growth of 29%. Cash flow from operations reached $212.251 million and free cash flow was $206.525 million, both above $200 million.
Pegasystems Inc. adopted a 2026 incentive compensation plan for its executive officers that runs from January 1 through December 31, 2026. The plan funds a bonus pool based on company performance against “Corporate Goals,” with financial goals weighted 75% and strategic goals 25%.
The funding percentage must reach at least 70% for any bonuses to be paid, and can exceed 100% if the board approves an enhanced incentive. Executives may elect to take 50% of their target bonus in RSUs, calculated using 85% of the stock’s closing price, granted in March 2026 and vesting in 2027 subject to plan funding, continued employment, and individual performance.
Pegasystems Inc. reported strong fourth-quarter and full-year 2025 results and expanded its share repurchase program. Annual contract value reached $1.61 billion, up 17% year over year, while total 2025 revenue grew 17% to $1.75 billion, driven mainly by subscription services.
GAAP net income for 2025 rose to $393 million from $99 million, with free cash flow up 45% to $491 million. The company extended its buyback program by one year to June 30, 2027 and increased authorization by $1 billion. For 2026, management guides to 15% ACV growth, revenue of $2.0 billion, GAAP diluted EPS of $1.87, non-GAAP EPS of $2.75, and operating cash flow of $595 million.
Pegasystems Inc. is restructuring its organization, primarily within its Consulting group, to better align roles and capacity with an AI-first delivery model and its 2026 priorities. The company expects this reorganization to include some role eliminations and broader changes to how teams are structured.
As a result of these actions, Pegasystems expects to record an estimated charge of approximately $13 million in the fourth quarter of 2025, mainly for cash severance and related benefits for terminated employees. Notifications to affected employees are underway, with communications expected to be substantially completed in the first quarter of 2026.
Pegasystems Inc. reports a legal development in its dispute with Appian Corp. On January 8, 2026, the Supreme Court of Virginia unanimously affirmed a July 30, 2024 decision by the Court of Appeals of Virginia that had reversed the prior judgment for Appian on the Virginia Uniform Trade Secrets Act (VUTSA) claims in the case Appian Corp. v. Pegasystems Inc. and Youyong Zou. The Supreme Court ordered the case to be sent back for a retrial consistent with its opinion.
On the same date, Pegasystems sent an internal email to employees regarding this lawsuit, which is included as Exhibit 99.1 to the report.
Pegasystems Inc. (PEGA) furnished an 8-K announcing it issued a press release with its third quarter 2025 financial results. The press release is included as Exhibit 99.1 and incorporated by reference. The company notes the Item 2.02 information and exhibits are not deemed “filed” under Section 18 of the Exchange Act. The filing also includes the Cover Page Inline XBRL as Exhibit 104.
Pegasystems (NASDAQ: PEGA) has completed its previously announced two-for-one forward stock split, effective June 20, 2025. The stock began trading on a post-split basis on June 23, 2025.
Key details of the corporate action include:
- Shareholders received one additional share for each share held as of the June 10, 2025 record date
- The company increased its authorized share count from 200 million to 400 million shares
- Shareholders approved the required Charter Amendment on June 17, 2025
- Proportionate adjustments were made to equity incentive plans, including:
- Number of shares issuable under equity plans
- Shares underlying outstanding equity awards
- Exercise prices of outstanding stock options
This corporate action represents a material modification to security holder rights but does not change shareholders' proportional ownership in the company.