XML 17 R4.htm IDEA: XBRL DOCUMENT v3.21.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenue    
Total revenue $ 313,499 $ 265,591
Cost of revenue    
Total cost of revenue 82,447 79,528
Gross profit 231,052 186,063
Operating expenses    
Selling and marketing 148,739 136,024
Research and development 62,442 58,727
General and administrative 18,270 15,630
Total operating expenses 229,451 210,381
Income (loss) from operations 1,601 (24,318)
Foreign currency transaction (loss) (5,098) (5,947)
Interest income 153 607
Interest expense (1,880) (2,306)
(Loss) on capped call transactions (19,117) (18,592)
Other income, net 106 1,374
(Loss) before (benefit from) income taxes (24,235) (49,182)
(Benefit from) income taxes (17,618) (23,810)
Net (loss) $ (6,617) $ (25,372)
(Loss) per share    
Basic (in dollars per share) $ (0.08) $ (0.32)
Diluted (in dollars per share) $ (0.08) $ (0.32)
Weighted-average number of common shares outstanding    
Basic (in shares) 81,004 79,808
Diluted (in shares) 81,004 79,808
Software license    
Revenue    
Total revenue $ 116,961 $ 93,916
Cost of revenue    
Total cost of revenue 650 684
Maintenance    
Revenue    
Total revenue 75,561 73,695
Cost of revenue    
Total cost of revenue 5,786 5,576
Pega Cloud    
Revenue    
Total revenue 67,858 43,466
Cost of revenue    
Total cost of revenue 22,557 17,533
Consulting    
Revenue    
Total revenue 53,119 54,514
Cost of revenue    
Total cost of revenue $ 53,454 $ 55,735