XML 50 R36.htm IDEA: XBRL DOCUMENT
v3.24.3

REVENUE (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Geographic Revenue | Geographic revenue
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(Dollars in thousands) | 2024 |  | 2023 |  | 2024 |  | 2023
U.S. | $ | 156,135 |  | 48 | % |  | $ | 154,741 |  | 47 | % |  | $ | 526,332 |  | 53 | % |  | $ | 489,645 |  | 51 | %
Other Americas | 28,836 |  | 9 | % |  | 23,497 |  | 7 | % |  | 71,936 |  | 7 | % |  | 58,013 |  | 6 | %
United Kingdom (“U.K.”) | 37,593 |  | 12 | % |  | 41,622 |  | 12 | % |  | 108,338 |  | 11 | % |  | 112,751 |  | 12 | %
Europe (excluding U.K.), Middle East, and Africa | 60,048 |  | 18 | % |  | 67,880 |  | 20 | % |  | 175,255 |  | 17 | % |  | 173,551 |  | 18 | %
Asia-Pacific | 42,438 |  | 13 | % |  | 46,903 |  | 14 | % |  | 124,489 |  | 12 | % |  | 124,423 |  | 13 | %
| $ | 325,050 |  | 100 | % |  | $ | 334,643 |  | 100 | % |  | $ | 1,006,350 |  | 100 | % |  | $ | 958,383 |  | 100 | %
Schedule of Revenue Streams | Revenue streams
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands) | 2024 |  | 2023 |  | 2024 |  | 2023
Subscription license | $ | 45,420 |  |  | $ | 74,342 |  |  | $ | 193,405 |  |  | $ | 200,066 |
Perpetual license | 456 |  |  | 2,747 |  |  | 1,351 |  |  | 4,729 |
Revenue recognized at a point in time | 45,876 |  |  | 77,089 |  |  | 194,756 |  |  | 204,795 |
Maintenance | 80,702 |  |  | 83,538 |  |  | 242,047 |  |  | 245,210 |
Pega Cloud | 144,108 |  |  | 118,040 |  |  | 409,096 |  |  | 340,982 |
Consulting | 54,364 |  |  | 55,976 |  |  | 160,451 |  |  | 167,396 |
Revenue recognized over time | 279,174 |  |  | 257,554 |  |  | 811,594 |  |  | 753,588 |
Total revenue | $ | 325,050 |  |  | $ | 334,643 |  |  | $ | 1,006,350 |  |  | $ | 958,383 |
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands) | 2024 |  | 2023 |  | 2024 |  | 2023
Pega Cloud | $ | 144,108 |  |  | $ | 118,040 |  |  | $ | 409,096 |  |  | $ | 340,982 |
Maintenance | 80,702 |  |  | 83,538 |  |  | 242,047 |  |  | 245,210 |
Subscription services | 224,810 |  |  | 201,578 |  |  | 651,143 |  |  | 586,192 |
Subscription license | 45,420 |  |  | 74,342 |  |  | 193,405 |  |  | 200,066 |
Subscription | 270,230 |  |  | 275,920 |  |  | 844,548 |  |  | 786,258 |
Consulting | 54,364 |  |  | 55,976 |  |  | 160,451 |  |  | 167,396 |
Perpetual license | 456 |  |  | 2,747 |  |  | 1,351 |  |  | 4,729 |
| $ | 325,050 |  |  | $ | 334,643 |  |  | $ | 1,006,350 |  |  | $ | 958,383 |
Schedule of Remaining Performance Obligations | Expected future revenue from existing non-cancellable contracts: As of September 30, 2024:
(Dollars in thousands) | Subscription services |  | Subscription license |  | Perpetual license |  | Consulting |  | Total
Pega Cloud |  | Maintenance |  |  |  |
1 year or less | $ | 495,637 |  |  | $ | 188,905 |  |  | $ | 38,175 |  |  | $ | 2,252 |  |  | $ | 54,203 |  |  | $ | 779,172 |  | 53 | %
1-2 years | 310,020 |  |  | 63,701 |  |  | 9,686 |  |  | 317 |  |  | 3,062 |  |  | 386,786 |  | 26 | %
2-3 years | 146,877 |  |  | 26,436 |  |  | 3,046 |  |  | — |  |  | 2,008 |  |  | 178,367 |  | 12 | %
Greater than 3 years | 112,002 |  |  | 18,854 |  |  | 102 |  |  | — |  |  | — |  |  | 130,958 |  | 9 | %
| $ | 1,064,536 |  |  | $ | 297,896 |  |  | $ | 51,009 |  |  | $ | 2,569 |  |  | $ | 59,273 |  |  | $ | 1,475,283 |  | 100 | %
As of September 30, 2023:
(Dollars in thousands) | Subscription services |  | Subscription license |  | Perpetual license |  | Consulting |  | Total
Pega Cloud |  | Maintenance |  |  |  |
1 year or less | $ | 391,324 |  |  | $ | 202,610 |  |  | $ | 48,427 |  |  | $ | 4,567 |  |  | $ | 39,335 |  |  | $ | 686,263 |  | 54 | %
1-2 years | 239,787 |  |  | 58,610 |  |  | 4,356 |  |  | 2,696 |  |  | 3,662 |  |  | 309,111 |  | 24 | %
2-3 years | 121,778 |  |  | 28,585 |  |  | 8,518 |  |  | — |  |  | 1,100 |  |  | 159,981 |  | 13 | %
Greater than 3 years | 89,870 |  |  | 17,478 |  |  | 2,664 |  |  | — |  |  | — |  |  | 110,012 |  | 9 | %
| $ | 842,759 |  |  | $ | 307,283 |  |  | $ | 63,965 |  |  | $ | 7,263 |  |  | $ | 44,097 |  |  | $ | 1,265,367 |  | 100 | %

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(1) -SubTopic 10 -Topic 606 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 + Details
Name: | us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration