PEGAPEGASYSTEMS INC
Services-Computer Processing & Data Preparation
- Revenue
- $1.7B
- 17% YoY
- Operating margin
- 15.1%
- 82% YoY
- EBITDA
- $277M
- 96% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear128% of net incomeCash flow under 80% of net income
- Dilutive SBCClear9% of revenueOver 10% of revenue
- Payouts exceed cash flowFired102% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear6% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.2B | $1.3B | $1.4B | $1.5B | $1.7B | 17% |
| Operating income | −$95M | −$109M | $81M | $124M | $263M | 112% |
| Net income | −$63M | −$346M | $68M | $99M | $393M | 297% |
| Operating cash flow | $39M | $22M | $218M | $346M | $505M | 46% |
| Capex | $10M | $35M | $17M | $8M | $15M | 88% |
| Stock-based comp | $116M | $122M | $143M | $143M | $155M | 8.8% |
| Buybacks | $53M | $26M | $0 | $68M | $500M | 634% |
| Dividends | $10M | $10M | $10M | $10M | $15M | 51% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $2M · 6
- Net
- −$2M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $8M | $22M | 90 | 155 |
| FY2024 | $8M | $26M | 70 | 147 |
| FY2023 | $6M | $9M | 37 | 118 |
| FY2022 | $7M | −$8M | 26 | 74 |
| FY2021 | $8M | $4M | 84 | 115 |