Pegasystems Inc.

Filing receipts

“Operating expenses (Dollars in thousands) Three Months Ended March 31, Change 2026 2025 Selling and marketing $ 155,603 $ 138,069 $ 17,534 13 % % of Revenue 36 % 29 % Research and development $ 82,047 $ 74,286 $ 7,761 10 % % of Revenue 19 % 16 % General and administrative $ 48,573 $ 33,828 $ 14,745 44 % % of Revenue 11 % 7 % Restructuring $ (153) $ 11 $ (164) * % of Revenue — % — % * Not meaningful • The increase in selling and marketing in the three months ended March 31, 2026 was primarily due to increase in compensation and benefits of $10.7 million attributable to increases in headcount and equity compensation.”

“Other income and expenses (Dollars in thousands) Three Months Ended March 31, Change 2026 2025 Foreign currency transaction gain (loss) $ 1,850 $ (5,325) $ 7,175 * Interest income 2,954 5,335 (2,381) (45) % Interest expense (44) (1,027) 983 96 % (Loss) on capped call transactions — (223) 223 100 % Other (loss) income, net (2,204) 561 (2,765) * $ 2,556 $ (679) $ 3,235 * * Not meaningful • The changes in foreign currency transaction gain (loss) in the three months ended March 31, 2026 were primarily due to fluctuations in foreign currency exchange rates associated with foreign currency-denominated receivables and intercompany balances held by our subsidiary in the United Kingdom.”

“The decrease in interest expense in the three months ended March 31, 2026 were primarily due to the repayment of the Notes at maturity on March 3, 2025.”