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Pegasystems PEGA Q2 2024 earnings

Reported July 24, 2024 · After market close

Revenue estimate$340.1M
EPS estimate$0.23

Next report

Jul 21, 2026 (In 1 week)
Revenue estimate$427.4M
EPS estimate$0.43

Financials

Q2 2024

Income statement

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Revenue$351.2M+17.7%
Gross profit$254.2M+25.8%
Operating income$13.0M+131%
Net income$6.6M+114%
EPS (diluted)$0.04+107%

Balance sheet

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Cash & equivalents$263.0M+39.3%
Total debt$85.5M-2.5%
Total equity$435.4M+199%
Total assets$1.5B+28.9%

Cash flow

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Operating cash flow$40.1M-12.2%
CapEx$1.3M-48.8%
Free cash flow$38.8M-10.1%

Valuation & ratios

Valuation

as of 06/30/24
See full
Market cap$5.1B+24.1%
Enterprise value$4.92B+22.9%
P/E39.3×
P/S3.4×+0.2×

Profitability

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Gross margin74.8%+4.2pp
Operating margin9.2%
Net margin8.7%
FCF margin21.4%

Returns & leverage

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Return on equity44.7%
Debt / equity0.2×-0.4×
Current ratio1.1×-0.5×

Segments

By product

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Subscription$299.1M+25.5%
Subscription services$214.4M+8.8%
Pega Cloud$134.1M+16.5%
Subscription license$84.6M+105%
Maintenance$80.3M-2.1%

By geography

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Europe (excluding U.K.), Middle East, and Africa$53.4M-1.8%
Asia-Pacific$48.6M+7.8%
Other Americas$21.3M+9.3%

By segment

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Reportable Segment$351.2M-2.0%

Versus estimates

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Questions, answered.

When did Pegasystems report Q2 2024 earnings?
Pegasystems (PEGA) reported Q2 2024 earnings on July 24, 2024 after market close.
What were Pegasystems's Q2 2024 revenue and EPS?
Pegasystems reported revenue of $351.2M and diluted EPS of $0.52 for Q2 2024.
Did Pegasystems beat estimates in Q2 2024?
Revenue beat the consensus estimate of $340.1M by $11.0M. EPS beat the consensus estimate of $0.23 by $0.29.
Where can I find Pegasystems's Q2 2024 SEC filings?
You can read the 10-Q periodic report (0001013857-24-000155) directly on SEC EDGAR. The filing index links above go to sec.gov.