PEGA — what changed in the latest 10-Q
A section-by-section comparison of PEGA's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-10-20 vs the prior 10-Q · 2026-07-21
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +13 | −9 | ~21 | 38 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 6 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Other information | Text added/removed | +2 | −1 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-10-20
(in millions, except percentages)September 30, 2025September 30, 2026
Note: Constant currency ACV is calculated by applying the September 30, 2025 foreign exchange rates to current period shown.
•Litigation settlement: Cost to settle litigation arising from proceedings outside the ordinary course of business. See "Note 16. Commitments and Contingencies" in Item 1 of this Quarterly Report for further information.
(in millions, except percentages)September 30, 2025September 30, 2026
Note: Constant currency Backlog is calculated by applying the September 30, 2025 foreign exchange rates to current period shown.
Text removed vs the prior filing · source: 10-Q · 2026-07-21
Note: Constant currency ACV is calculated by applying the June 30, 2025 foreign exchange rates to current period shown.
Note: Constant currency Backlog is calculated by applying the June 30, 2025 foreign exchange rates to current period shown.
•The increases in selling and marketing in the three and six months ended June 30, 2026 were primarily due to increases in compensation and benefits of $12.6 million and $23.2 million, respectively, attributable to higher headcount as we continue to expand our prospective and current client engageme…
•The increase in research and development in the three months ended June 30, 2026 was primarily due to an increase in outside professional services of $2.1 million and an increase in cloud hosting expenses of $1.5 million. The increase in research and development in the six months ended June 30, 202…
•The increases in restructuring in the three and six months ended June 30, 2026 were primarily due to cash severance and related costs incurred in connection with workforce reductions intended to better align roles to an AI-first delivery model. For additional information, see "Note 10. Restructurin…
Other information
Text added vs the prior filing · source: 10-Q · 2026-10-20
On September 9, 2026, Leon Trefler, our Chief of Clients and Markets, modified the Rule 10b5-1 trading arrangement that he previously entered into on March 16, 2026. As modified, the Rule 10b5-1 trading arrangement provides for the sale of 26,000 shares of our common stock and will terminate on Dece…
On October 16, 2026, we entered into an amendment to our $100 million senior secured revolving credit agreement with PNC Bank, National Association to, among other changes, increase the borrowing capacity to $200 million and extend the expiration date to October 16, 2031. For additional information,…
Text removed vs the prior filing · source: 10-Q · 2026-07-21
On June 15, 2026, the Dianne Ledingham Family Legacy Trust U/A DTD 3/12/2025 entered into a Rule 10b5-1 trading arrangement that provides for the sale of 24,000 shares of our common stock. The arrangement will terminate on August 2, 2027, subject to early termination for certain specified events set…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice