REVENUE (Tables)
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6 Months Ended |
Jun. 30, 2026 |
| Revenue from Contract with Customer [Abstract] |
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| Schedule of Geographic Revenue |
Revenues by geography are determined based on client location: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | (Dollars in thousands) | 2026 | | 2025 | | 2026 | | 2025 | | U.S. | $ | 196,292 | | 47 | % | | $ | 208,116 | | 54 | % | | $ | 415,547 | | 49 | % | | $ | 477,308 | | 56 | % | | Other Americas | 27,148 | | 6 | % | | 19,632 | | 5 | % | | 66,407 | | 8 | % | | 53,373 | | 6 | % | | United Kingdom (“U.K.”) | 65,400 | | 16 | % | | 40,634 | | 11 | % | | 116,910 | | 14 | % | | 81,376 | | 9 | % | | Europe (excluding U.K.), Middle East, and Africa | 73,292 | | 17 | % | | 64,420 | | 17 | % | | 147,131 | | 17 | % | | 138,476 | | 16 | % | | Asia-Pacific | 58,584 | | 14 | % | | 51,710 | | 13 | % | | 104,694 | | 12 | % | | 109,612 | | 13 | % | | $ | 420,716 | | 100 | % | | $ | 384,512 | | 100 | % | | $ | 850,689 | | 100 | % | | $ | 860,145 | | 100 | % |
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| Schedule of Revenue Streams |
Revenue streams | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | (in thousands) | 2026 | | 2025 | | 2026 | | 2025 | | Pega Cloud | $ | 213,934 | | | $ | 166,743 | | | $ | 418,965 | | | $ | 317,866 | | | Maintenance | 74,528 | | | 79,271 | | | 149,845 | | | 155,639 | | | Consulting | 50,226 | | | 57,824 | | | 104,999 | | | 118,245 | | | Revenue recognized over time | 338,688 | | | 303,838 | | | 673,809 | | | 591,750 | | | Subscription license | 82,028 | | | 80,674 | | | 176,880 | | | 268,395 | | | Revenue recognized at a point in time | 82,028 | | | 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) | 2026 | | 2025 | | 2026 | | 2025 | | Pega Cloud | $ | 213,934 | | | $ | 166,743 | | | $ | 418,965 | | | $ | 317,866 | | | Maintenance | 74,528 | | | 79,271 | | | 149,845 | | | 155,639 | | | Subscription services | 288,462 | | | 246,014 | | | 568,810 | | | 473,505 | | | Subscription license | 82,028 | | | 80,674 | | | 176,880 | | | 268,395 | | | Subscription | 370,490 | | | 326,688 | | | 745,690 | | | 741,900 | | | Consulting | 50,226 | | | 57,824 | | | 104,999 | | | 118,245 | | | Total revenue | $ | 420,716 | | | $ | 384,512 | | | $ | 850,689 | | | $ | 860,145 | |
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| Schedule of Remaining Performance Obligations |
Expected future revenue from existing non-cancellable contracts: As of June 30, 2026: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in thousands) | Subscription services | | Subscription license | | Consulting | | Total | | Pega Cloud | | Maintenance | | | | 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 services | | Subscription license | | Consulting | | Total | | Pega Cloud | | Maintenance | | | | 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 | % |
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