Pegasystems Inc income statement
In fiscal 2025, Pegasystems Inc reported revenue of $1.75bn, up 16.6% on the year before, operating income of $263m (a 15.1% margin) and net income of $393m, or $2.13 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 264 | 337 | 417 | 462 | 509 | 590 | 683 | 762 | 888 | 892 | 911 | 1,018 | 1,212 | 1,318 | 1,433 | 1,497 | 1,746 | 1,748 |
| Cost of revenue | 91 | 129 | 165 | 157 | 157 | 185 | 213 | 239 | 280 | 302 | 310 | 311 | 336 | 369 | 378 | 391 | 421 | 422 |
| Gross profit | 173 | 208 | 252 | 304 | 352 | 405 | 469 | 523 | 609 | 590 | 601 | 707 | 875 | 949 | 1,054 | 1,107 | 1,324 | 1,326 |
| Research and development | 39 | 55 | 65 | 77 | 80 | 109 | 126 | 146 | 163 | 182 | 205 | 237 | 261 | 294 | 296 | 298 | 313 | 321 |
| Selling and marketing | 74 | 116 | 147 | 167 | 181 | 207 | 241 | 278 | 301 | 373 | 474 | 546 | 626 | 625 | 559 | 535 | 579 | 618 |
| General and administrative | 18 | 25 | 28 | 29 | 30 | 37 | 37 | 46 | 52 | 52 | 57 | 67 | 84 | 118 | 97 | 113 | 149 | 172 |
| Operating income | 42 | −3 | 10 | 31 | 58 | 52 | 65 | 51 | 93 | −17 | −135 | −144 | −95 | −109 | 81 | 124 | 263 | 173 |
| Interest expense | — | — | — | — | — | — | — | — | — | 0 | 0 | 19 | 8 | 8 | 7 | 7 | 1 | 0 |
| Income before tax | 47 | −6 | 11 | 31 | 56 | 48 | 61 | 55 | 86 | −12 | −135 | −125 | −132 | −162 | 95 | 143 | 281 | 181 |
| Income tax | 15 | −0 | 1 | 9 | 18 | 15 | 24 | 10 | −12 | −22 | −44 | −64 | −69 | 184 | 28 | 43 | −113 | −114 |
| Net income | 32 | −6 | 10 | 22 | 38 | 33 | 36 | 45 | 99 | 11 | −90 | −61 | −63 | −346 | 68 | 99 | 393 | 295 |
| Diluted EPS | $0.21 | −$0.04 | $0.07 | $0.14 | $0.24 | $0.21 | $0.23 | $0.28 | $0.59 | $0.07 | −$0.57 | −$0.38 | −$0.39 | −$2.11 | $0.37 | $0.55 | $2.13 | $1.68 |
| Diluted shares (average) | 152m | 148m | 158m | 155m | 156m | 157m | 158m | 159m | 166m | 166m | 158m | 161m | 163m | 164m | 170m | 179m | 185m | 176m |
| EBITDA | 45 | 9 | 28 | 50 | 78 | 75 | 88 | 75 | 118 | 8 | −113 | −122 | −66 | −91 | 100 | 141 | 277 | 187 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 491 | 476 | 385 | 381 | 504 | 430 | 421 | 393 |
| Cost of revenue | 102 | 102 | 110 | 106 | 103 | 107 | 108 | 104 |
| Gross profit | 388 | 373 | 275 | 275 | 401 | 323 | 313 | 290 |
| Research and development | 76 | 74 | 79 | 79 | 81 | 82 | 84 | 74 |
| Selling and marketing | 140 | 138 | 147 | 140 | 153 | 156 | 165 | 144 |
| General and administrative | 28 | 34 | 32 | 42 | 41 | 49 | 44 | 39 |
| Operating income | 143 | 127 | 17 | 14 | 104 | 37 | 17 | 15 |
| Interest expense | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income before tax | 154 | 126 | 25 | 24 | 105 | 40 | 19 | 18 |
| Income tax | 35 | 41 | −5 | −19 | −130 | 7 | 5 | 4 |
| Net income | 119 | 85 | 30 | 43 | 235 | 33 | 13 | 14 |
| Diluted EPS | $0.67 | $0.46 | $0.17 | $0.24 | $1.27 | $0.18 | $0.08 | $0.08 |
| EBITDA | 147 | 130 | 20 | 18 | 109 | 40 | 20 | 18 |
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