Pricing Log in Create free account
Friday 6 November 2026 Export PEGA’s income statement to Excel — free account

Pegasystems Inc.

PEGA Technology Software Application

Pegasystems Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.7 billion, up 16.6% from fiscal 2024.

Revenue
+3.15%
EPS
−64.0%
Free cash flow
−97.0%

Quarter to September 2026, against a year earlier

33.60 0.76 −2.21%
Market cap
$5.6B
P/E
19.3×
Fwd P/E
31.6×
Dividend yield
0.36%
F-score
8/9
Altman Z
9.42
Beneish M
−2.78
Dividend safety
70/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 18.66
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 3 2 3 5 1 3 1 — 3 5 3 1
Insider Ownership 45.83%

Capital & Financial Ratios $m

Size
Market Cap 5,620.00
Revenue ttm 1,748.37
Net income ttm 294.76
Free cash flow ttm 442.24
Net debt Q (309.71)
Valuation
P/E 19.31
Forward P/E 31.60
Price / sales 3.15
Forward P/S Powerpack
Price / FCF 12.44
Price / book 10.02 (above 6: high)
Financial health
Current ratio Q 1.04
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q 232.20
Growth
Revenue growth Q +3.15% (above 0%: growing)
Operating income growth Q +2.71% (above 0%: growing)
EPS, this year −1.19% (below 0%: weak)
EPS, next year A +14.39%
Revenue, next year A +2.36%
EPS, past 5 yrs —
EPS, next 5 yrs A +8.07%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.5×, against a ten-year median of 4.7×; over the ten years it ranged from 2.3× in 2016 to 10.6× in 2020.
P/E against its own 10 years 8.53%
10-year low 10-year high
P/S against its own 10 years 22.19%
10-year low 10-year high
P/B against its own 10 years 33.74%
10-year low 10-year high
EV/Sales against its own 10 years 26.18%
10-year low 10-year high
EV/FCF against its own 10 years 4.85%
10-year low 10-year high

Dividends raised 2 years running

Yield
0.36%
Annual rate
0.12
Payout ratio
7.45%
Growth, 2018–26
+9.05%/yr
  1. 0.06 ’18
  2. 0.06 ’19 +0
  3. 0.06 ’20 +0
  4. 0.06 ’21 +0
  5. 0.06 ’22 +0
  6. 0.06 ’23 +0
  7. 0.05 ’24 −25
  8. 0.09 ’25 +100
  9. 0.12 ’26 +33
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 423 740 426 310
Receivables 538 479 431 281
Inventory — — — —
Other 68 115 121 113
1,029 1,334 978 704
2023 2024 2025 Q'26
Payables 11 6 13 58
ST’ Debt — 467 — —
Other 21 19 22 23
577 1,086 738 679

Compound Annual Growth %

10y 5y 3y
Sales 9.84% 11.40% 9.83%
Cash Flow 22.24% 0.00% 182.81%
Earnings 26.90% 0.00% 0.00%
Book Value 9.32% 7.75% 81.89%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.45 Actual 0.35

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.72 0.76 Beat by 0.04
Q1 FY26 0.76 0.46 Miss by 0.30
Q2 FY26 0.43 0.35 Miss by 0.08
Q3 FY26 0.45 0.35 Miss by 0.10
Q4 FY26 0.89 — Reports 9 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.18 0.08 0.08 — —
’25 0.46 0.17 0.24 1.27 2.13
’24 (0.07) 0.04 (0.08) 0.63 0.56
’23 (0.12) (0.28) (0.04) 0.81 0.37
’22 0.00 (1.75) (0.57) 0.21 (2.11)
’21 (0.04) 0.22 (0.34) (0.23) (0.38)
’20 (0.16) (0.13) (0.12) 0.03 (0.38)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 430 421 393 — —
’25 476 385 381 504 1,746
’24 330 351 325 491 1,497
’23 325 298 335 474 1,433
’22 376 274 271 396 1,318
’21 313 326 256 316 1,212
’20 266 227 226 299 1,018
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 212 86 6 — —
’25 204 86 56 158 505
’24 180 40 30 95 346
’23 68 46 24 80 218
’22 15 (20) (8) 36 22
’21 22 (2) (25) 44 39
’20 (18) (3) (5) 26 (1)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 207 82 2 — —
’25 202 84 52 152 491
’24 180 39 27 92 338
’23 57 43 24 77 201
’22 8 (25) (19) 23 (13)
’21 20 (5) (28) 41 29
’20 (31) (9) (8) 22 (26)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 762 888 892 911 1,018 1,212 1,318 1,433 1,497 1,746 1,748 +9.6% 1,787 1,900 2,033 +5.2%
Gross margin, % 68.61 68.52 66.15 65.98 69.44 72.24 72.03 73.58 73.91 75.86 75.86 +7.3 pt
EBT 55 86 (12) (135) (125) (132) (162) 95 143 281 181 +19.8%
EBT margin, % 7.26 9.71 (1.29) (14.80) (12.27) (10.89) (12.28) 6.66 9.53 16.07 10.35 +8.8 pt
Net income 45 99 11 (90) (61) (63) (346) 68 99 393 295 +27.2%
Per share, $
Per share, $ Revenue 4.99 5.74 5.67 5.76 6.33 7.44 8.04 8.61 8.78 10.22 10.68 +8.3%
Earnings 0.29 0.64 0.07 (0.57) (0.38) (0.38) (2.11) 0.41 0.58 2.30 1.74 +25.6%
Cash flow 0.26 1.02 0.66 (0.27) 0.00 0.24 0.14 1.31 2.03 2.96 2.83 +31.0%
Capex (0.12) (0.09) (0.08) (0.07) (0.16) (0.06) (0.22) (0.10) (0.05) (0.08) (0.13) (4.2%)
Free cash flow 0.14 0.93 0.59 (0.33) (0.16) 0.18 (0.08) 1.21 1.98 2.87 2.70 +40.3%
Book value 2.20 4.24 3.96 3.41 3.37 2.56 0.80 2.13 3.43 4.61 3.35 +8.6%
Shares, m 153 155 157 158 161 163 164 166 171 171 167 +1.3%
Valuation, ×
Valuation, × P/E 63.83 37.72 341.71 0.00 0.00 0.00 0.00 57.88 81.04 25.91 19.31 60.8
P/S 3.61 4.18 4.22 6.91 10.52 7.51 2.15 2.72 5.31 5.84 3.15 5.3
P/B 8.18 5.67 6.05 11.68 19.75 21.87 21.68 11.02 13.57 12.95 10.02 13.2
EV/Sales 3.43 3.93 3.98 6.91 10.59 7.70 2.39 2.79 5.46 6.15 3.52 5.3
EV/FCF 125.79 26.94 45.11 (119.34) (415.61) 325.71 (241.39) 19.85 24.17 21.89 13.93 (18.7)
Cash, $m
Cash, $m Operating cash flow 40 158 104 (42) (1) 39 22 218 346 505 463 +32.6%
Capex (19) (14) (12) (11) (25) (10) (35) (17) (8) (15) (20) (3.0%)
Free cash flow 21 144 92 (53) (26) 29 (13) 201 338 491 442 +42.1%
Balance, $m
Balance, $m Working capital 138 353 279 128 517 355 308 452 248 241 25 +6.4%
Net debt (134) (224) (207) 1 72 235 311 76 (273) (426) (310) +13.7%
Shareholders’ equity 336 656 622 539 542 416 131 354 585 787 549 +9.9%
Returns, %
Returns, % ROA 7.02 11.82 1.06 (9.19) (4.74) (3.94) (23.42) 4.73 6.05 23.14 22.47 +16.1 pt
ROIC 15.66 13.48 (2.57) (15.62) (14.60) (9.09) (15.46) 11.77 24.74 45.48 45.18 +29.8 pt
ROE 13.67 19.87 1.66 (15.58) (11.35) (13.16) (126.37) 27.98 21.12 57.32 51.45 +43.7 pt
People
People Employees 3,908 4,237 4,650 5,155 5,776 6,133 6,145 5,406 5,443 5,598 — +4.1%
Revenue/emp, $m 0.20 0.21 0.19 0.18 0.18 0.20 0.21 0.27 0.28 0.31 — +5.4%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Pegasystems Inc. vs peers in Software Application (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CVLT CommVault Systems, Inc. $6.7B 81.0× 62.1× +13.11% (above 0%: growing) +113.79% (above 0%: growing) −3.69% (below 0%: shrinking) 81.15% 9.72% Compare
RNG Ringcentral, Inc. $6.6B 9.5× 10.0× +5.85% (above 0%: growing) +3,442.11% (above 0%: growing) +21.03% (above 0%: growing) 73.12% 7.97% Compare
KVYO Klaviyo, Inc. $6.1B 1,120× — (loss-making) +24.55% (above 0%: growing) n/m −14.79% (below 0%: shrinking) 74.22% (1.16%) Compare
NIQ NIQ Global Intelligence plc $6.0B — (loss-making) — (loss-making) +8.01% (above 0%: growing) n/m +199.46% (above 0%: growing) 55.52% 5.81% Compare
NICE Nice $5.8B 13.8× 15.7× +7.65% (above 0%: growing) −53.16% (below 0%: shrinking) +141.20% (above 0%: growing) 64.04% 13.29% Compare
OCTV Octave Intelligence plc $5.8B — — — — — — — Compare
PEGA Pegasystems Inc. $5.6B 19.3× 31.6× +3.15% (above 0%: growing) −64.00% (below 0%: shrinking) −96.98% (below 0%: shrinking) 73.60% 3.78%
BRZE Braze, Inc. $5.2B — (loss-making) — (loss-making) +26.16% (above 0%: growing) n/m +515.45% (above 0%: growing) 66.83% (7.98%) Compare
WK Workiva Inc. $4.6B 75.7× 68.3× +17.31% (above 0%: growing) +600.00% (above 0%: growing) +49.24% (above 0%: growing) 81.10% 6.78% Compare
Median of peers $5.9B 75.7× 38.9× +13.11% +356.90% +49.24% 73.12% 6.78%

All 230 Software Application stocks →

Pay and ownership Proxy statement filed 24 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 8.33m 21.54m 90.49
2024 7.68m 26.29m 70.48
2023 5.55m 9.28m 36.90
2022 7.45m (8.42m) 25.79
2021 7.52m 4.00m 83.99

Ownership

Directors and executive officers, together 48.40%
Alan Trefler 46.60%
BlackRock, Inc. 5.00%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Pegasystems Inc. (PEGA) Latest News

5 Nov

Impact 3 · · Business Wire

28 Oct

Impact 4 · · Zacks
Impact 3 · · Trefis

26 Oct

Impact 3 · · Zacks

22 Oct

Impact 4 · · Business Wire

21 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · The Motley Fool
Impact 4 · · The Motley Fool
Impact 4 · · The Motley Fool transcript
Impact 4 · · MarketBeat
Impact 4 · · Moby earnings
Impact 3 · · StockStory

20 Oct

Impact 4 · · Business Wire
Impact 3 · · Zacks
Impact 3 · · Investing.com
Impact 3 · · Zacks
Impact 3 · · Associated Press

19 Oct

Impact 3 · · StockStory

15 Oct

Impact 3 · · StockStory
Impact 3 · · Zacks

13 Oct

Impact 3 · · Business Wire

4 Oct

Impact 3 · · Simply Wall St.

30 Sep

Impact 4 · · Business Wire
Impact 3 · · Insider Monkey

25 Sep

Impact 3 · · StockStory

24 Sep

Impact 3 ·

21 Sep

Impact 4 · · Business Wire
Impact 3 ·

28 Aug

Impact 3 ·
Impact 3 ·

PEGA metrics, ten years each

stockrow.com/PEGA · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com