Pegasystems Inc. (PEGA) Income Statement
PEGA 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsPEGA revenue and net income
Where PEGA's revenue goes
2025Each bar shows an amount and its share of revenue. PEGA kept 22.5% of revenue as net income.
PEGA profit margins
PEGA growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +16.6% | +9.8% | +11.4% | +9.8% |
| Gross profit | +19.7% | +11.7% | +13.4% | +10.9% |
| Operating income | +112.4% | — | — | +15.1% |
| Net income | +296.7% | — | — | +26.9% |
| EPS (diluted) | −8.7% | +40.5% | — | +13.4% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PEGA quarterly EPS vs estimates
Pegasystems beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: October 20, 2026 (estimate $0.30).
PEGA income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.75B | $1.50B | $1.43B | $1.32B | $1.21B | $1.02B | $911.4M | $891.6M | $840.6M | $750.3M |
| Cost of revenue | $421.4M | $390.7M | $378.5M | $368.6M | $336.4M | $310.9M | $310.0M | $301.8M | $279.7M | $239.3M |
| Gross profit | $1.32B | $1.11B | $1.05B | $949.2M | $875.3M | $706.6M | $601.4M | $589.8M | $608.8M | $523.0M |
| Research & development | $312.7M | $298.1M | $295.5M | $294.3M | $260.6M | $237.0M | $205.2M | $181.7M | $162.9M | $145.5M |
| Sales, general & admin | $727.4M | $647.6M | $655.9M | $742.5M | $709.4M | $613.1M | $531.0M | $425.1M | $359.4M | $324.8M |
| Total operating expenses | $1.06B | $982.6M | $973.2M | $1.06B | $970.0M | $850.1M | $736.2M | $606.8M | $515.6M | $472.3M |
| Operating income | $263.1M | $123.9M | $81.0M | −$109.4M | −$94.7M | −$143.5M | −$134.9M | −$17.0M | $93.2M | $50.6M |
| Interest income | $13.6M | $25.8M | $9.3M | $1.6M | $704,000 | $1.2M | $1.8M | $2.7M | $731,000 | $776,000 |
| Interest expense | $1.3M | $6.8M | $6.9M | $7.8M | $8.0M | $19.4M | $19.1M | $0 | $0 | $0 |
| Income before taxes | $280.6M | $142.6M | $95.4M | −$161.8M | −$132.0M | −$124.9M | −$134.8M | −$11.5M | $37.1M | $35.2M |
| Income taxes | −$112.8M | $43.4M | $27.6M | $183.8M | −$68.9M | −$63.5M | −$44.4M | −$22.2M | $4.2M | $8.2M |
| Net income | $393.4M | $99.2M | $67.8M | −$345.6M | −$63.0M | −$61.4M | −$90.4M | $10.6M | $32.9M | $27.0M |
| EBITDA | $307.8M | $184.9M | $137.0M | −$119.3M | −$95.4M | −$84.2M | −$113.2M | $13.8M | $117.9M | $77.7M |
| EPS (diluted) | $2.11 | $2.31 | $2.12 | $0.76 | $0.09 | −$0.09 | −$0.22 | $0.37 | $0.58 | $0.51 |
| Gross margin | 75.9% | 73.9% | 73.6% | 72.0% | 72.2% | 69.4% | 66.0% | 66.2% | 72.4% | 69.7% |
| Operating margin | 15.1% | 8.3% | 5.7% | −8.3% | −7.8% | −14.1% | −14.8% | −1.9% | 11.1% | 6.8% |
| Net margin | 22.5% | 6.6% | 4.7% | −26.2% | −5.2% | −6.0% | −9.9% | 1.2% | 3.9% | 3.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $420.7M | $430.0M | $504.3M | $381.4M | $384.5M | $475.6M | $490.8M | $325.1M | $351.2M | $330.1M | $474.2M | $334.6M |
| Cost of revenue | $108.0M | $106.8M | $103.5M | $105.9M | $109.6M | $102.5M | $102.4M | $96.7M | $96.9M | $94.7M | $90.6M | $93.8M |
| Gross profit | $312.7M | $323.2M | $400.9M | $275.5M | $274.9M | $373.2M | $388.5M | $228.3M | $254.2M | $235.5M | $383.6M | $240.9M |
| Research & development | $84.2M | $82.0M | $80.9M | $78.8M | $78.8M | $74.3M | $76.4M | $74.2M | $75.4M | $72.1M | $71.2M | $75.0M |
| Sales, general & admin | $209.1M | $204.2M | $194.3M | $182.2M | $178.9M | $171.9M | $167.9M | $163.4M | $165.2M | $151.2M | $156.8M | $158.9M |
| Total operating expenses | $296.1M | $286.1M | $296.5M | $261.0M | $257.7M | $246.2M | $245.5M | $240.0M | $241.2M | $255.9M | $228.3M | $251.7M |
| Operating income | $16.6M | $37.1M | $104.4M | $14.5M | $17.3M | $127.0M | $143.0M | −$11.7M | $13.0M | −$20.4M | $155.3M | −$10.8M |
| Interest income | $2.5M | $3.0M | $2.4M | $2.7M | $3.2M | $5.3M | $6.9M | $6.8M | $6.8M | $5.3M | $3.4M | $2.5M |
| Interest expense | $133,000 | $44,000 | $113,000 | $144,000 | $1,000 | $1.0M | $1.8M | $1.6M | $1.7M | $1.8M | $1.6M | $1.5M |
| Income before taxes | $18.5M | $39.7M | $105.0M | $24.1M | $25.2M | $126.3M | $154.2M | −$11.6M | $15.3M | −$15.2M | $154.9M | −$3.7M |
| Income taxes | $5.2M | $6.9M | −$129.6M | −$19.3M | −$4.8M | $40.9M | $35.1M | $2.8M | $8.6M | −$3.0M | $12.2M | $3.5M |
| Net income | $13.3M | $32.8M | $234.6M | $43.4M | $30.1M | $85.4M | $119.1M | −$14.4M | $6.6M | −$12.1M | $142.7M | −$7.3M |
| EBITDA | $20.4M | $46.0M | $112.6M | $30.5M | $31.4M | $133.3M | $178.1M | −$5.5M | $25.8M | −$5.7M | $161.1M | $2.4M |
| EPS (diluted) | $0.18 | $0.46 | $0.76 | $0.30 | $0.28 | $0.77 | $1.61 | $0.20 | $0.26 | $0.24 | $1.77 | $0.22 |
| Gross margin | 74.3% | 75.2% | 79.5% | 72.2% | 71.5% | 78.5% | 79.1% | 70.2% | 72.4% | 71.3% | 80.9% | 72.0% |
| Operating margin | 4.0% | 8.6% | 20.7% | 3.8% | 4.5% | 26.7% | 29.1% | −3.6% | 3.7% | −6.2% | 32.7% | −3.2% |
| Net margin | 3.2% | 7.6% | 46.5% | 11.4% | 7.8% | 18.0% | 24.3% | −4.4% | 1.9% | −3.7% | 30.1% | −2.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PEGA's financial statements (latest annual report filed February 10, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PEGA financial results
In fiscal year 2025 (ended December 31, 2025), Pegasystems reported revenue of $1.7 billion, up 16.6% from the year before. It had net income of $393.4 million (up 296.7%), a net profit margin of 22.5%. Diluted earnings per share came to $2.11. Over five years revenue grew at an average rate of 11.4% a year.
See the PEGA stock overview for the latest quote and news, or the PEGA chart for price history and technical indicators.
PEGA income statement FAQ
What is Pegasystems's annual revenue?
Pegasystems reported total revenue of $1.7 billion for fiscal year 2025, which ended on December 31, 2025. That was up 16.6% from $1.5 billion the previous year.
Is Pegasystems profitable?
Yes. Pegasystems reported net income of $393.4 million in fiscal 2025, a net profit margin of 22.5%; its operating margin was 15.1%.
What is Pegasystems's gross margin?
Pegasystems's gross margin was 75.9% in fiscal 2025: for every $100 of revenue, Pegasystems kept $76 after the direct cost of its products and services.
How much does Pegasystems spend on research and development?
Pegasystems spent $312.7 million on research and development in fiscal 2025, 17.9% of revenue.
How fast is Pegasystems growing?
Revenue grew 11.4% a year on average over the last five fiscal years, from $1.0 billion to $1.7 billion.
What are Pegasystems's earnings per share?
Pegasystems earned $2.11 per diluted share in fiscal 2025, compared with $2.31 a year earlier.
When will Pegasystems report its next earnings?
Pegasystems is expected to report results for the quarter ending September 30, 2026 on October 20, 2026 after the market closes.
When does Pegasystems's fiscal year end?
Pegasystems's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 10, 2026.