REVENUE

3 Months Ended

Mar. 31, 2026

Revenue from Contract with Customer [Abstract]

NOTE 13. REVENUE

Geographic revenue

Revenues by geography are determined based on client location:


	Three Months Ended March 31,
(Dollars in thousands)		2026			2025
U.S.			$	219,255	51	%	$	269,192	56	%
Other Americas			39,259		9	%	33,741		7	%
United Kingdom (“U.K.”)			51,510		12	%	40,742		9	%
Europe (excluding U.K.), Middle East, and Africa			73,839		17	%	74,056		16	%
Asia-Pacific			46,110		11	%	57,902		12	%
			$	429,973	100	%	$	475,633	100	%

Revenue streams


	Three Months Ended March 31,
(in thousands)		2026		2025
Pega Cloud		$	205,031	$	151,123
Maintenance		75,317		76,368
Consulting		54,773		60,421
Revenue recognized over time		335,121		287,912
Subscription license		94,852		187,721
Revenue recognized at a point in time		94,852		187,721
Total revenue		$	429,973	$	475,633


	Three Months Ended March 31,
(in thousands)		2026		2025
Pega Cloud		$	205,031	$	151,123
Maintenance		75,317		76,368
Subscription services		280,348		227,491
Subscription license		94,852		187,721
Subscription		375,200		415,212
Consulting		54,773		60,421
Total revenue		$	429,973	$	475,633

Remaining performance obligations ("Backlog")

Expected future revenue from existing non-cancellable contracts:

As of March 31, 2026:


(Dollars in thousands)	Subscription services				Subscription license		Consulting		Total
	Pega Cloud		Maintenance
1 year or less	$	709,105	$	212,262	$	64,878	$	42,884	$	1,029,129	51	%
1-2 years	384,966		77,207		1,402		3,758		467,333		23	%
2-3 years	213,496		53,806		11,150		1,378		279,830		14	%
Greater than 3 years	204,057		28,945		1,013		430		234,445		12	%
	$	1,511,624	$	372,220	$	78,443	$	48,450	$	2,010,737	100	%

As of March 31, 2025:


(Dollars in thousands)	Subscription services				Subscription license		Consulting		Total
	Pega Cloud		Maintenance
1 year or less	$	572,341	$	229,180	$	33,519	$	45,320	$	880,360	50	%
1-2 years	331,572		73,500		3,718		2,291		411,081		24	%
2-3 years	161,259		37,779		731		144		199,913		12	%
Greater than 3 years	185,939		43,939		7,215		52		237,145		14	%
	$	1,251,111	$	384,398	$	45,183	$	47,807	$	1,728,499	100	%

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-7

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-15

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

+ Details

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