Pegasystems Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	393.44	99.19	67.81	-345.58	-63.04
Depreciation & Amortization	25.91	35.43	34.66	34.72	28.59
Other Amortization	68.57	62.27	59.46	53.47	41.39
Loss (Gain) From Sale of Investments	-23.36	-16.13	-14.14	-4.61	-0.09
Stock-Based Compensation	155.24	142.72	143.35	122.21	115.95
Other Operating Activities	-154	3.3	4.66	226.48	-24.15
Change in Accounts Receivable	19.19	79.03	-57.6	-51.16	-11.96
Change in Unearned Revenue	76.71	48.36	45.12	62.58	41.28
Change in Other Net Operating Assets	-56.47	-108.24	-65.53	-75.77	-88.85
Operating Cash Flow	505.23	345.93	217.79	22.34	39.12
Operating Cash Flow Growth	46.05%	58.84%	875.04%	-42.90%	-
Capital Expenditures	-14.5	-7.71	-16.78	-35.38	-10.46
Cash Acquisitions	-	-	-	-0.92	-4.99
Investment in Securities	211.75	-194.86	-33.97	49.38	87.95
Investing Cash Flow	197.25	-202.58	-50.75	13.08	72.5
Long-Term Debt Repaid	-467.86	-33.89	-88.99	-	-
Total Debt Repaid	-467.86	-33.89	-88.99	-	-
Net Debt Issued (Repaid)	-467.86	-33.89	-88.99	-	-
Issuance of Common Stock	165.89	87.36	18.57	9.17	10.55
Repurchase of Common Stock	-517.23	-73.49	-1.92	-46.33	-122.64
Common Dividends Paid	-15.42	-10.2	-9.96	-9.83	-9.76
Other Financing Activities	-	0.01	0.34	-	-
Financing Cash Flow	-834.63	-30.21	-81.96	-46.99	-121.84
Foreign Exchange Rate Adjustments	6.99	-4.43	2.7	-3.33	-1.71
Net Cash Flow	-125.17	108.7	87.77	-14.91	-11.93
Free Cash Flow	490.72	338.21	201	-13.04	28.66
Free Cash Flow Growth	45.09%	68.26%	-	-	-
Free Cash Flow Margin	28.11%	22.59%	14.03%	-0.99%	2.37%
Free Cash Flow Per Share	2.66	1.89	1.18	-0.08	0.18
Cash Interest Paid	1.75	3.81	4.13	4.5	4.5
Cash Income Tax Paid	21.63	82.32	11.66	7.65	-4.55
Levered Free Cash Flow	571.99	382.87	262.24	89.09	182.42
Unlevered Free Cash Flow	572.8	387.15	266.54	93.96	187.39
Change in Working Capital	39.43	19.16	-78.01	-64.35	-59.53

Source: S&P Global Market Intelligence. Standard template. Financial Sources.