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v3.25.1

REVENUE (Tables) | 3 Months Ended
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Mar. 31, 2025
Revenue from Contract with Customer [Abstract] |
Schedule of Geographic Revenue | Revenues by geography are determined based on client location:
| Three Months Ended March 31, |  |
(Dollars in thousands) | 2025 |  | 2024 |  |  |  |
U.S. | $ | 269,192 |  | 56 | % |  | $ | 180,983 |  | 54 | % |  |  |  |  |  |
Other Americas | 33,741 |  | 7 | % |  | 21,786 |  | 7 | % |  |  |  |  |  |
United Kingdom (“U.K.”) | 40,742 |  | 9 | % |  | 32,117 |  | 10 | % |  |  |  |  |  |
Europe (excluding U.K.), Middle East, and Africa | 74,056 |  | 16 | % |  | 61,847 |  | 19 | % |  |  |  |  |  |
Asia-Pacific | 57,902 |  | 12 | % |  | 33,414 |  | 10 | % |  |  |  |  |  |
| $ | 475,633 |  | 100 | % |  | $ | 330,147 |  | 100 | % |  |  |  |  |  |
Schedule of Revenue Streams | Revenue streams
| Three Months Ended March 31, |  |
(in thousands) | 2025 |  | 2024 |  |  |  |
Pega Cloud | $ | 151,123 |  |  | $ | 130,902 |  |  |  |  |
Maintenance | 76,368 |  |  | 81,001 |  |  |  |  |
Consulting | 60,421 |  |  | 54,047 |  |  |  |  |
Revenue recognized over time | 287,912 |  |  | 265,950 |  |  |  |  |
Subscription license | 186,555 |  |  | 63,338 |  |  |  |  |
Perpetual license | 1,166 |  |  | 859 |  |  |  |  |
Revenue recognized at a point in time | 187,721 |  |  | 64,197 |  |  |  |  |
Total revenue | $ | 475,633 |  |  | $ | 330,147 |  |  |  |  |
| Three Months Ended March 31, |  |
(in thousands) | 2025 |  | 2024 |  |  |  |
Pega Cloud | $ | 151,123 |  |  | $ | 130,902 |  |  |  |  |
Maintenance | 76,368 |  |  | 81,001 |  |  |  |  |
Subscription services | 227,491 |  |  | 211,903 |  |  |  |  |
Subscription license | 186,555 |  |  | 63,338 |  |  |  |  |
Subscription | 414,046 |  |  | 275,241 |  |  |  |  |
Consulting | 60,421 |  |  | 54,047 |  |  |  |  |
Perpetual license | 1,166 |  |  | 859 |  |  |  |  |
Total revenue | $ | 475,633 |  |  | $ | 330,147 |  |  |  |  |
Schedule of Remaining Performance Obligations | Expected future revenue from existing non-cancellable contracts: As of March 31, 2025:
(Dollars in thousands) | Subscription services |  | Subscription license |  | Perpetual license |  | Consulting |  | Total
Pega Cloud |  | Maintenance |  |  |  |
1 year or less | $ | 572,341 |  |  | $ | 229,180 |  |  | $ | 33,202 |  |  | $ | 317 |  |  | $ | 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 |  |  | $ | 44,866 |  |  | $ | 317 |  |  | $ | 47,807 |  |  | $ | 1,728,499 |  | 100 | %
As of March 31, 2024:
(Dollars in thousands) | Subscription services |  | Subscription license |  | Perpetual license |  | Consulting |  | Total
Pega Cloud |  | Maintenance |  |  |  |
1 year or less | $ | 461,928 |  |  | $ | 225,598 |  |  | $ | 33,985 |  |  | $ | 2,727 |  |  | $ | 34,716 |  |  | $ | 758,954 |  | 53 | %
1-2 years | 292,787 |  |  | 65,605 |  |  | 10,008 |  |  | — |  |  | 1,604 |  |  | 370,004 |  | 26 | %
2-3 years | 149,797 |  |  | 32,307 |  |  | 2,903 |  |  | — |  |  | 2,428 |  |  | 187,435 |  | 13 | %
Greater than 3 years | 86,601 |  |  | 21,650 |  |  | 98 |  |  | — |  |  | — |  |  | 108,349 |  | 8 | %
| $ | 991,113 |  |  | $ | 345,160 |  |  | $ | 46,994 |  |  | $ | 2,727 |  |  | $ | 38,748 |  |  | $ | 1,424,742 |  | 100 | %
Schedule of Revenue by Major Customers by Reporting Segments | Clients accounting for 10% or more of the Company’s revenue:
| Three Months Ended March 31, |  |
(Dollars in thousands) | 2025 |  | 2024 |  |  |  |
Total revenue | $ | 475,633 |  |  | $ | 330,147 |  |  |  |  |
Client B | 15 | % |  | * |  |  |  |
*Client accounted for less than 10% of total revenues.

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- 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
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- 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
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- Definition Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer. + References No definition available. + Details
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