PEGAMEDIUM SIGNALFINANCIAL10-K

PEGA delivered solid revenue growth of 16% while substantially improving its balance sheet through reduced liabilities and stronger cash generation.

The company demonstrated operational leverage with operating cash flow growing meaningfully faster than revenue, suggesting improved efficiency in converting sales to cash. The significant reduction in current liabilities alongside higher stockholders' equity indicates a strengthening financial position that should provide more strategic flexibility.

Comparing 2026-02-10 vs 2025-02-12View on EDGAR →
FINANCIAL ANALYSIS

PEGA showed balanced growth with revenue expanding 16% to $683M and gross profit rising 20% to $1.3B, indicating improving margins. The balance sheet strengthened considerably as current liabilities declined 32% and total liabilities dropped 29%, while stockholders' equity grew 35%. Operating cash flow grew substantially to $505M, though this was partially offset by lower cash reserves and higher capital expenditures, reflecting increased investment in the business.

FINANCIAL STATEMENT CHANGES
Capital Expenditure
Cash Flow
+88.1%
$7.7M→$14.5M

Capital expenditure jumped 88.1% — major investment cycle underway; assess returns on deployment.

Operating Cash Flow
Cash Flow
+46.1%
$345.9M→$505.2M

Operating cash flow surged 46.1% — exceptional cash generation, highest quality earnings signal.

Cash & Equivalents
Balance Sheet
-37%
$337.1M→$212.4M

Cash declined 37% — significant cash burn or deployment; verify adequacy of remaining liquidity runway.

Stockholders Equity
Balance Sheet
+34.5%
$585.5M→$787.4M

Equity base grew 34.5% — retained earnings accumulation or equity issuance strengthening the balance sheet.

Current Liabilities
Balance Sheet
-32.1%
$1.1B→$737.8M

Current liabilities reduced — improved short-term financial position and working capital health.

Total Liabilities
Balance Sheet
-28.6%
$1.2B→$844.5M

Liabilities reduced 28.6% — deleveraging improves balance sheet strength and financial flexibility.

Current Assets
Balance Sheet
-26.6%
$1.3B→$978.3M

Current assets declined 26.6% — monitor working capital adequacy and short-term liquidity.

Gross Profit
P&L
+19.7%
$1.1B→$1.3B

Gross profit expanding — improving pricing power or product mix shift toward higher-margin offerings.

Revenue
P&L
+15.7%
$590.0M→$682.7M

Revenue growing 15.7% — solid top-line momentum, watch margins for quality of growth.

Accounts Receivable
Balance Sheet
-13.3%
$305.5M→$264.7M

Receivables declined — improved collection efficiency or conservative revenue recognition.

LANGUAGE CHANGES
NEW — 2026-02-10
PRIOR — 2025-02-12
ADDED
There were 169,043,716 shares of the Registrant s common stock, $0.01 par value per share, outstanding on January 30, 2026.
Management s Discussion and Analysis of Financial Condition and Results of Operations, along with other reports that we have filed with the Securities and Exchange Commission ( SEC ), external documents, and oral presentations, contains or incorporates forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including our plans for growing our business, the sufficiency of our capital, our position and estimates relating to tax, and legal proceedings.
and associated legal proceedings; and management of our growth.
Recently, we introduced Pega Customer Engagement Blueprint , a new GenAI powered collaboration tool that helps brands easily visualize customer journeys and quickly ideate and refine strategies for better engagement.
It leverages our powerful AI framework so users can collaborate online, map their vision from data models to brand strategy, and create a comprehensive roadmap for customer-centric programs that drive results.
+7 more — sign up free →
REMOVED
There were 85,898,878 shares of the Registrant s common stock, $0.01 par value per share, outstanding on January 31, 2025.
Management s Discussion and Analysis of Financial Condition and Results of Operations, along with other reports that we have filed with the Securities and Exchange Commission ( SEC ), external documents, and oral presentations, contains or incorporates forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
To grow our business, we intend to: Increase market share by developing and delivering a platform for enterprise AI decisioning and workflow automation for buyers in marketing, sales, service, operations, and IT that can work together seamlessly with maximum competitive differentiation; Deepen and expand our relationships with existing clients; Establish relationships with new clients; and Continue to scale our marketing efforts to support how today s buyers discover, evaluate, and choose products and services.
Pega s automation goes beyond traditional Business Process Management ( BPM ) to unify technologies such as Robotic Process Automation ( RPA ) and AI and enable organization-wide digital transformation.
5 We deliver our solution through our Center-out Business Architecture , enabling clients to transcend channels and internal data silos to achieve quick wins and long-term transformation.
+7 more — sign up free →
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