REVENUE (Tables)

3 Months Ended

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.