v3.26.1
REVENUE
6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
REVENUE
NOTE 12. REVENUE
Geographic revenue
Revenues by geography are determined based on client location:
Three Months Ended
June 30,
Six Months Ended
June 30,
(Dollars in thousands)
2026202520262025
U.S.$196,292 47 %$208,116 54 %$415,547 49 %$477,308 56 %
Other Americas27,148 %19,632 %66,407 %53,373 %
United Kingdom (“U.K.”)65,400 16 %40,634 11 %116,910 14 %81,376 %
Europe (excluding U.K.), Middle East, and Africa 73,292 17 %64,420 17 %147,131 17 %138,476 16 %
Asia-Pacific58,584 14 %51,710 13 %104,694 12 %109,612 13 %
$420,716 100 %$384,512 100 %$850,689 100 %$860,145 100 %
Revenue streams
Three Months Ended
June 30,
Six Months Ended
June 30,
(in thousands)
2026202520262025
Pega Cloud$213,934 $166,743 $418,965 $317,866 
Maintenance74,528 79,271 149,845 155,639 
Consulting50,226 57,824 104,999 118,245 
Revenue recognized over time338,688 303,838 673,809 591,750 
Subscription license82,028 80,674 176,880 268,395 
Revenue recognized at a point in time82,028 80,674 176,880 268,395 
Total revenue$420,716 $384,512 $850,689 $860,145 
Three Months Ended
June 30,
Six Months Ended
June 30,
(in thousands)2026202520262025
Pega Cloud$213,934 $166,743 $418,965 $317,866 
Maintenance74,528 79,271 149,845 155,639 
Subscription services288,462 246,014 568,810 473,505 
Subscription license82,028 80,674 176,880 268,395 
Subscription370,490 326,688 745,690 741,900 
Consulting50,226 57,824 104,999 118,245 
Total revenue$420,716 $384,512 $850,689 $860,145 
Remaining performance obligations ("Backlog")
Expected future revenue from existing non-cancellable contracts:
As of June 30, 2026:
(Dollars in thousands)Subscription servicesSubscription licenseConsultingTotal
Pega CloudMaintenance
1 year or less
$704,447 $198,492 $42,537 $47,220 $992,696 49 %
1-2 years
393,855 82,004 1,546 3,747 481,152 24 %
2-3 years
222,052 50,070 7,583 899 280,604 14 %
Greater than 3 years
241,679 20,480 958 1,062 264,179 13 %
$1,562,033 $351,046 $52,624 $52,928 $2,018,631 100 %
As of June 30, 2025:
(Dollars in thousands)Subscription servicesSubscription licenseConsultingTotal
Pega CloudMaintenance
1 year or less
$603,683 $220,954 $62,222 $39,798 $926,657 51 %
1-2 years
334,586 79,345 4,262 2,846 421,039 23 %
2-3 years
172,513 49,587 746 252 223,098 12 %
Greater than 3 years
210,416 46,843 7,220 56 264,535 14 %
$1,321,198 $396,729 $74,450 $42,952 $1,835,329 100 %