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Segments

By segment

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Reportable Segment$84.17M+6.8%

Other financials

Income statement

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Revenue$420.7M+9.4%
Gross profit$312.7M+13.7%
Operating income$16.6M-3.7%
Net income$13.3M-55.7%
EPS (diluted)$0.08-52.9%

Balance sheet

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Cash & equivalents$189.1M-8.3%
Total debt$72.0M-8.9%
Total equity$560.4M-10.3%
Total assets$1.4B+4.5%

Cash flow

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Operating cash flow$86.0M-0.3%
CapEx$4.2M+98.6%
Free cash flow$81.7M-2.9%

Valuation

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Market cap$5.21B-47.2%
Enterprise value$5.09B-47.7%
P/E16.1×-28.7×
P/S-2.9×

Profitability

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Gross margin75.6%+0.1pp
Operating margin9.9%-6.5pp
Net margin18.7%+5.5pp
FCF margin28.4%+4.1pp

Returns & leverage

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Return on equity54.7%+13.1pp
Debt / equity0.1×0.0×
Current ratio1.1×-0.4×

Where this comes from

Reported directly by Pegasystems in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The source filing: Pegasystems’s 10-Q, filed July 21, 2026.

Filed
Jul 21, 2026, 4:09 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001013857-26-000050
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Gross profit312,687274,938635,906648,121
Operating expenses
Selling and marketing165,408147,131321,011285,200
Research and development84,16878,784166,215153,070
General and administrative43,74031,78892,31365,616
Restructuring2,735(44)2,582(33)
Total operating expenses296,051257,659582,121503,853
Income from operations16,63617,27953,785144,268

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Pegasystems's R&D?
Pegasystems (PEGA) reported R&D of $84.17M in Q2 2026.
How has Pegasystems's R&D changed year-over-year?
Pegasystems's R&D increased by 6.8% year-over-year, from $78.78M to $84.17M.
What is the long-term trend for Pegasystems's R&D?
Over 4 years (2021 to 2025), Pegasystems's R&D has grown at a 4.7% compound annual growth rate (CAGR), from $260.63M to $312.68M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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