2024 Q2 Form 10-Q Financial Statement

#000101385724000085 Filed on April 24, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $351.2M $330.1M
YoY Change 17.73% 1.44%
Cost Of Revenue $96.95M $94.66M
YoY Change 0.84% -3.35%
Gross Profit $254.2M $235.5M
YoY Change 25.77% 3.49%
Gross Profit Margin 72.39% 71.33%
Selling, General & Admin $165.2M $151.2M
YoY Change 8.51% -12.54%
% of Gross Profit 64.98% 64.22%
Research & Development $75.43M $72.11M
YoY Change 2.02% -4.33%
% of Gross Profit 29.67% 30.62%
Depreciation & Amortization $4.558M $4.254M
YoY Change -5.61% -9.95%
% of Gross Profit 1.79% 1.81%
Operating Expenses $241.2M $255.9M
YoY Change 0.0% 2.47%
Operating Profit $12.97M -$20.41M
YoY Change -133.14% -8.08%
Interest Expense $5.566M $1.752M
YoY Change -315.65% -8.65%
% of Operating Profit 42.93%
Other Income/Expense, Net $0.00 $1.684M
YoY Change -100.0% -74.42%
Pretax Income $15.26M -$15.16M
YoY Change -137.94% -2.34%
Income Tax $8.642M -$3.038M
% Of Pretax Income 56.65%
Net Earnings $6.613M -$12.12M
YoY Change -114.13% -41.64%
Net Earnings / Revenue 1.88% -3.67%
Basic Earnings Per Share $0.08 -$0.14
Diluted Earnings Per Share $0.07 -$0.14
COMMON SHARES
Basic Shares Outstanding 85.03M shares 83.91M shares
Diluted Shares Outstanding 88.50M shares 84.27M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $665.1M $618.9M
YoY Change 112.61% 91.1%
Cash & Equivalents $258.3M $291.9M
Short-Term Investments $406.8M $327.0M
Other Short-Term Assets $76.32M $78.19M
YoY Change 76.29% 5.69%
Inventory
Prepaid Expenses
Receivables $165.7M $192.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.072B $1.060B
YoY Change 45.31% 33.16%
LONG-TERM ASSETS
Property, Plant & Equipment $42.19M $44.86M
YoY Change -65.57% -19.58%
Goodwill $81.41M $81.47M
YoY Change -0.22% 0.04%
Intangibles
YoY Change
Long-Term Investments $21.05M $20.95M
YoY Change 57.28% 28.78%
Other Assets $302.2M $297.9M
YoY Change 122.66% -8.34%
Total Long-Term Assets $464.9M $452.1M
YoY Change 2.19% -6.99%
TOTAL ASSETS
Total Short-Term Assets $1.072B $1.060B
Total Long-Term Assets $464.9M $452.1M
Total Assets $1.537B $1.512B
YoY Change 28.86% 17.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.68M $6.353M
YoY Change 97.7% -49.44%
Accrued Expenses $44.88M $80.64M
YoY Change -67.68% 77.5%
Deferred Revenue $352.6M $382.8M
YoY Change 13.26% 11.73%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $500.6M $500.0M
YoY Change
Total Short-Term Liabilities $1.017B $1.044B
YoY Change 120.46% 119.86%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $14.36M $13.62M
YoY Change -83.64% -7.01%
Total Long-Term Liabilities $14.36M $13.62M
YoY Change -97.55% -7.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.017B $1.044B
Total Long-Term Liabilities $14.36M $13.62M
Total Liabilities $1.101B $1.122B
YoY Change 5.17% -0.51%
SHAREHOLDERS EQUITY
Retained Earnings -$14.22M -$20.83M
YoY Change -90.13% -78.59%
Common Stock $473.9M $433.1M
YoY Change 52.45% 58.45%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $435.4M $390.2M
YoY Change
Total Liabilities & Shareholders Equity $1.537B $1.512B
YoY Change 28.86% 17.93%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $6.613M -$12.12M
YoY Change -114.13% -41.64%
Depreciation, Depletion And Amortization $4.558M $4.254M
YoY Change -5.61% -9.95%
Cash From Operating Activities $40.10M $180.1M
YoY Change -12.15% 164.5%
INVESTING ACTIVITIES
Capital Expenditures $1.253M $604.0K
YoY Change -48.77% -94.74%
Acquisitions
YoY Change
Other Investing Activities -$76.05M -$131.8M
YoY Change -331.59% 4404.27%
Cash From Investing Activities -$77.30M -$132.4M
YoY Change -354.35% 818.61%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.604M $17.90M
YoY Change -107.99% -160.94%
NET CHANGE
Cash From Operating Activities 40.10M $180.1M
Cash From Investing Activities -77.30M -$132.4M
Cash From Financing Activities 4.604M $17.90M
Net Change In Cash -32.60M $62.84M
YoY Change -276.97% 150.33%
FREE CASH FLOW
Cash From Operating Activities $40.10M $180.1M
Capital Expenditures $1.253M $604.0K
Free Cash Flow $38.84M $179.5M
YoY Change -10.08% 217.1%

Facts In Submission

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CY2023Q4 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest Before Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss
193431000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
233000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
228000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
193436000 usd
CY2024Q1 us-gaap Debt Securities Available For Sale Term
DebtSecuritiesAvailableForSaleTerm
P0Y6M
CY2024Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
191987000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
300173000 usd
CY2024Q1 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
170458000 usd
CY2023Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
237379000 usd
CY2024Q1 pega Unbilled Receivables Non Current
UnbilledReceivablesNonCurrent
72814000 usd
CY2023Q4 pega Unbilled Receivables Non Current
UnbilledReceivablesNonCurrent
85402000 usd
CY2024Q1 pega Accounts Receivable And Unbilled Receivable
AccountsReceivableAndUnbilledReceivable
435259000 usd
CY2023Q4 pega Accounts Receivable And Unbilled Receivable
AccountsReceivableAndUnbilledReceivable
622954000 usd
CY2024Q1 pega Unbilled Receivables Not Billable At Balance Sheet Date Amount Expected To Be Collected Within Year One Or Less
UnbilledReceivablesNotBillableAtBalanceSheetDateAmountExpectedToBeCollectedWithinYearOneOrLess
170458000 usd
CY2024Q1 pega Unbilled Receivables Not Billable At Balance Sheet Date Expected Percentage To Be Collected Within One Year
UnbilledReceivablesNotBillableAtBalanceSheetDateExpectedPercentageToBeCollectedWithinOneYear
0.70
CY2024Q1 pega Unbilled Receivables Not Billable At Balance Sheet Date Amount Expected To Be Collected Within Year One And Two
UnbilledReceivablesNotBillableAtBalanceSheetDateAmountExpectedToBeCollectedWithinYearOneAndTwo
54111000 usd
CY2024Q1 pega Unbilled Receivables Not Billable At Balance Sheet Date Expected Percentage To Be Collected Within Year One And Two
UnbilledReceivablesNotBillableAtBalanceSheetDateExpectedPercentageToBeCollectedWithinYearOneAndTwo
0.22
CY2024Q1 pega Unbilled Receivables Not Billable At Balance Sheet Date Amount Expected To Be Collected Within Year Two And Five
UnbilledReceivablesNotBillableAtBalanceSheetDateAmountExpectedToBeCollectedWithinYearTwoAndFive
18703000 usd
CY2024Q1 pega Unbilled Receivables Not Billable At Balance Sheet Date Expected Percentage To Be Collected Within Year Two And Five
UnbilledReceivablesNotBillableAtBalanceSheetDateExpectedPercentageToBeCollectedWithinYearTwoAndFive
0.08
CY2024Q1 pega Unbilled Receivables Current And Non Current
UnbilledReceivablesCurrentAndNonCurrent
243272000 usd
CY2024Q1 pega Unbilled Receivables Current And Non Current Percentage
UnbilledReceivablesCurrentAndNonCurrentPercentage
1
CY2024Q1 pega Unbilled Receivables Not Billable Contract Date Remainder Of Fiscal Year
UnbilledReceivablesNotBillableContractDateRemainderOfFiscalYear
19018000 usd
CY2024Q1 pega Percentage Of Unbilled Receivables Not Billable Amount Expected To Be Collected In Remainder Of Fiscal Year
PercentageOfUnbilledReceivablesNotBillableAmountExpectedToBeCollectedInRemainderOfFiscalYear
0.08
CY2024Q1 pega Unbilled Receivables Not Billable Contract Date Year One
UnbilledReceivablesNotBillableContractDateYearOne
144525000 usd
CY2024Q1 pega Percentage Of Unbilled Receivables Not Billable Contract Date Year One
PercentageOfUnbilledReceivablesNotBillableContractDateYearOne
0.59
CY2024Q1 pega Unbilled Receivables Not Billable Contract Date Year Two
UnbilledReceivablesNotBillableContractDateYearTwo
38025000 usd
CY2024Q1 pega Percentage Of Unbilled Receivables Not Billable Contract Date Year Two
PercentageOfUnbilledReceivablesNotBillableContractDateYearTwo
0.16
CY2024Q1 pega Unbilled Receivables Not Billable Contract Date Year Three
UnbilledReceivablesNotBillableContractDateYearThree
35988000 usd
CY2024Q1 pega Percentage Of Unbilled Receivables Not Billable Contract Date Year Three
PercentageOfUnbilledReceivablesNotBillableContractDateYearThree
0.15
CY2024Q1 pega Unbilled Receivables Not Billable Contract Date Year Four And Prior
UnbilledReceivablesNotBillableContractDateYearFourAndPrior
5716000 usd
CY2024Q1 pega Percentage Of Unbilled Receivables Not Billable Contract Date Year Four And Prior
PercentageOfUnbilledReceivablesNotBillableContractDateYearFourAndPrior
0.02
CY2024Q1 pega Unbilled Revenue Total
UnbilledRevenueTotal
243272000 usd
CY2024Q1 pega Total Percentage Of Unbilled Revenue
TotalPercentageOfUnbilledRevenue
1
CY2024Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
10853000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
16238000 usd
CY2024Q1 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
20909000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
20635000 usd
CY2024Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
31762000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
36873000 usd
CY2024Q1 us-gaap Deferred Credits And Other Liabilities Current
DeferredCreditsAndOtherLiabilitiesCurrent
382765000 usd
CY2023Q4 us-gaap Deferred Credits And Other Liabilities Current
DeferredCreditsAndOtherLiabilitiesCurrent
377845000 usd
CY2024Q1 us-gaap Deferred Credits And Other Liabilities Noncurrent
DeferredCreditsAndOtherLiabilitiesNoncurrent
1784000 usd
CY2023Q4 us-gaap Deferred Credits And Other Liabilities Noncurrent
DeferredCreditsAndOtherLiabilitiesNoncurrent
2478000 usd
CY2024Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
384549000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
380323000 usd
CY2024Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
168300000 usd
CY2024Q1 us-gaap Deferred Costs
DeferredCosts
102855000 usd
CY2023Q4 us-gaap Deferred Costs
DeferredCosts
114119000 usd
CY2024Q1 us-gaap Amortization Of Deferred Sales Commissions
AmortizationOfDeferredSalesCommissions
17282000 usd
CY2023Q1 us-gaap Amortization Of Deferred Sales Commissions
AmortizationOfDeferredSalesCommissions
14277000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
81611000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
81399000 usd
CY2024Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-144000 usd
CY2023Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
35000 usd
CY2024Q1 us-gaap Goodwill
Goodwill
81467000 usd
CY2023Q1 us-gaap Goodwill
Goodwill
81434000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
136577000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
130552000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
6025000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
136616000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
129614000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
7002000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
2208000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
2616000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
874000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
327000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
6025000 usd
CY2024Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
964000 usd
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1049000 usd
CY2024Q1 us-gaap Income Tax Receivable
IncomeTaxReceivable
9058000 usd
CY2023Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
4804000 usd
CY2024Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
10853000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
16238000 usd
CY2024Q1 us-gaap Insurance Settlements Receivable Current
InsuranceSettlementsReceivableCurrent
8305000 usd
CY2023Q4 us-gaap Insurance Settlements Receivable Current
InsuranceSettlementsReceivableCurrent
1954000 usd
CY2024Q1 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
4192000 usd
CY2023Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
0 usd
CY2024Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
775000 usd
CY2023Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
0 usd
CY2024Q1 pega Other Current Assets
OtherCurrentAssets
45010000 usd
CY2023Q1 pega Other Current Assets
OtherCurrentAssets
45141000 usd
CY2024Q1 us-gaap Other Assets Current
OtherAssetsCurrent
78193000 usd
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
68137000 usd
CY2024Q1 us-gaap Deferred Costs
DeferredCosts
102855000 usd
CY2023Q4 us-gaap Deferred Costs
DeferredCosts
114119000 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
61512000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
64198000 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
44856000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
47279000 usd
CY2024Q1 pega Venture Investments
VentureInvestments
20946000 usd
CY2023Q4 pega Venture Investments
VentureInvestments
19450000 usd
CY2024Q1 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
20909000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
20635000 usd
CY2024Q1 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
6025000 usd
CY2023Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
7002000 usd
CY2024Q1 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
0 usd
CY2023Q4 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
893000 usd
CY2024Q1 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
3666000 usd
CY2023Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
3678000 usd
CY2024Q1 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
2990000 usd
CY2023Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
2925000 usd
CY2024Q1 pega Other Long Term Assets
OtherLongTermAssets
34101000 usd
CY2023Q4 pega Other Long Term Assets
OtherLongTermAssets
34517000 usd
CY2024Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
297860000 usd
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
314696000 usd
CY2024Q1 us-gaap Litigation Reserve Current
LitigationReserveCurrent
35000000 usd
CY2023Q4 us-gaap Litigation Reserve Current
LitigationReserveCurrent
0 usd
CY2024Q1 pega Accrued Cloud Hosting Current
AccruedCloudHostingCurrent
12736000 usd
CY2023Q4 pega Accrued Cloud Hosting Current
AccruedCloudHostingCurrent
1358000 usd
CY2024Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
13352000 usd
CY2023Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
10419000 usd
CY2024Q1 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
3888000 usd
CY2023Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
2557000 usd
CY2024Q1 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
6676000 usd
CY2023Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
15428000 usd
CY2024Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
4466000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
4486000 usd
CY2024Q1 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
4524000 usd
CY2023Q4 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
5693000 usd
CY2024Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
80642000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
39941000 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
14184000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
15000000 usd
CY2024Q1 us-gaap Dividends Payable Current
DividendsPayableCurrent
2550000 usd
CY2023Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
2515000 usd
CY2024Q1 pega Other Current Liabilities
OtherCurrentLiabilities
2362000 usd
CY2023Q4 pega Other Current Liabilities
OtherCurrentLiabilities
3828000 usd
CY2024Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
19096000 usd
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
21343000 usd
CY2024Q1 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
1784000 usd
CY2023Q4 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
2478000 usd
CY2024Q1 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
2175000 usd
CY2023Q4 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
859000 usd
CY2024Q1 pega Other Long Term Liabilities
OtherLongTermLiabilities
9659000 usd
CY2023Q4 pega Other Long Term Liabilities
OtherLongTermLiabilities
10233000 usd
CY2024Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
13618000 usd
CY2023Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
13570000 usd
CY2024Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
4262000 usd
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
5766000 usd
CY2024Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
543000 usd
CY2023Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
781000 usd
CY2024Q1 us-gaap Variable Lease Cost
VariableLeaseCost
1609000 usd
CY2023Q1 us-gaap Variable Lease Cost
VariableLeaseCost
1975000 usd
CY2024Q1 us-gaap Lease Cost
LeaseCost
6414000 usd
CY2023Q1 us-gaap Lease Cost
LeaseCost
8522000 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
61512000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
64198000 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
14184000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
15000000 usd
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
63645000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
66901000 usd
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y8M12D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y9M18D
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.040
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.040
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
12700000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
16024000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
11246000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
10066000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
9334000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
8500000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
21647000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
89517000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
11688000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
77829000 usd
CY2024Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
5069000 usd
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
5038000 usd
CY2024Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1095000 usd
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
721000 usd
CY2024Q1 us-gaap Debt Instrument Redemption Price Percentage
DebtInstrumentRedemptionPricePercentage
1
CY2020Q1 us-gaap Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
4400000 shares
CY2023 us-gaap Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
700000 shares
CY2023 us-gaap Proceeds From Derivative Instrument Financing Activities
ProceedsFromDerivativeInstrumentFinancingActivities
300000 usd
CY2024Q1 pega Debt Conversion Converted Instrument Shares If Fully Exercised
DebtConversionConvertedInstrumentSharesIfFullyExercised
3700000 shares
CY2020Q1 us-gaap Derivative Cap Price
DerivativeCapPrice
196.44
CY2024Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
27300000 usd
CY2023Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
27300000 usd
CY2024Q1 us-gaap Line Of Credit Facility Fair Value Of Amount Outstanding
LineOfCreditFacilityFairValueOfAmountOutstanding
0 usd
CY2023Q4 us-gaap Line Of Credit Facility Fair Value Of Amount Outstanding
LineOfCreditFacilityFairValueOfAmountOutstanding
0 usd
CY2024Q1 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
327044000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
193436000 usd
CY2024Q1 us-gaap Derivative Assets
DerivativeAssets
4192000 usd
CY2023Q4 us-gaap Derivative Assets
DerivativeAssets
893000 usd
CY2024Q1 us-gaap Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
481700000 usd
CY2023Q4 us-gaap Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
466500000 usd
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
330147000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
325472000 usd
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
330147000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
325472000 usd
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
330147000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
325472000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
758954000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.53
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
370004000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.26
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
187435000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.13
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
108349000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.08
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1424742000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
1
CY2023Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
706758000 usd
CY2023Q1 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.54
CY2023Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
317620000 usd
CY2023Q1 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.24
CY2023Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
169449000 usd
CY2023Q1 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.13
CY2023Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
114257000 usd
CY2023Q1 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.09
CY2023Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1308084000 usd
CY2023Q1 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
1
CY2024Q1 us-gaap Share Based Compensation
ShareBasedCompensation
34781000 usd
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
42557000 usd
CY2024Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
311000 usd
CY2023Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
672000 usd
CY2024Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
184100000 usd
CY2024Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y9M18D
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3038000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5249000 usd
CY2024Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.20
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.34
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-12124000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-20774000 usd
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
84266000 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
82604000 shares
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.14
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.25
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-12124000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-20774000 usd
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
84266000 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
82604000 shares
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.14
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.25
CY2024Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3171000 shares
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1348000 shares
CY2024Q1 pega Debt Conversion Converted Instrument Shares If Fully Exercised
DebtConversionConvertedInstrumentSharesIfFullyExercised
3700000 shares
CY2024Q1 pega Debt Conversion Converted Instrument Shares Outstanding
DebtConversionConvertedInstrumentSharesOutstanding
3700000 shares
CY2024Q1 us-gaap Derivative Cap Price
DerivativeCapPrice
196.44
CY2024Q1 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
32400000 usd
CY2024Q1 us-gaap Litigation Reserve Current
LitigationReserveCurrent
35000000 usd
CY2024Q1 us-gaap Estimated Insurance Recoveries
EstimatedInsuranceRecoveries
2600000 usd
CY2023Q4 us-gaap Litigation Reserve Current
LitigationReserveCurrent
0 usd
CY2024Q1 us-gaap Litigation Settlement Amount Awarded To Other Party
LitigationSettlementAmountAwardedToOtherParty
35000000 usd
CY2024Q1 us-gaap Litigation Reserve Current
LitigationReserveCurrent
35000000 usd
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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0001013857-24-000085.txt Edgar Link pending
0001013857-24-000085-xbrl.zip Edgar Link pending
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report.css Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable
pega-20240331_lab.xml Edgar Link unprocessable