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Side-by-side financial comparison of Claritev Corp (CTEV) and PEGASYSTEMS INC (PEGA). Click either name above to swap in a different company.
PEGASYSTEMS INC is the larger business by last-quarter revenue ($430.0M vs $246.6M, roughly 1.7× Claritev Corp). PEGASYSTEMS INC runs the higher net margin — 7.6% vs -32.7%, a 40.3% gap on every dollar of revenue. On growth, Claritev Corp posted the faster year-over-year revenue change (6.2% vs -9.6%). PEGASYSTEMS INC produced more free cash flow last quarter ($206.5M vs $36.4M). Over the past eight quarters, PEGASYSTEMS INC's revenue compounded faster (10.7% CAGR vs 2.5%).
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
CTEV vs PEGA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $246.6M | $430.0M |
| Net Profit | $-80.6M | $32.8M |
| Gross Margin | — | 75.2% |
| Operating Margin | -3.1% | 8.6% |
| Net Margin | -32.7% | 7.6% |
| Revenue YoY | 6.2% | -9.6% |
| Net Profit YoY | 41.6% | — |
| EPS (diluted) | $-4.88 | $0.18 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $430.0M | ||
| Q4 25 | $246.6M | $504.3M | ||
| Q3 25 | $246.0M | $381.4M | ||
| Q2 25 | $241.6M | $384.5M | ||
| Q1 25 | $231.3M | $475.6M | ||
| Q4 24 | $232.1M | $490.8M | ||
| Q3 24 | $230.5M | $325.1M | ||
| Q2 24 | $233.5M | $351.2M |
| Q1 26 | — | $32.8M | ||
| Q4 25 | $-80.6M | $234.6M | ||
| Q3 25 | $-69.8M | $43.4M | ||
| Q2 25 | $-62.6M | $30.1M | ||
| Q1 25 | $-71.3M | $85.4M | ||
| Q4 24 | $-138.0M | $119.1M | ||
| Q3 24 | $-391.4M | $-14.4M | ||
| Q2 24 | $-576.7M | $6.6M |
| Q1 26 | — | 75.2% | ||
| Q4 25 | — | 79.5% | ||
| Q3 25 | — | 72.2% | ||
| Q2 25 | — | 71.5% | ||
| Q1 25 | — | 78.5% | ||
| Q4 24 | — | 79.1% | ||
| Q3 24 | — | 70.2% | ||
| Q2 24 | — | 72.4% |
| Q1 26 | — | 8.6% | ||
| Q4 25 | -3.1% | 20.7% | ||
| Q3 25 | 4.1% | 3.8% | ||
| Q2 25 | 6.9% | 4.5% | ||
| Q1 25 | 4.2% | 26.7% | ||
| Q4 24 | -17.8% | 29.1% | ||
| Q3 24 | -146.7% | -3.6% | ||
| Q2 24 | -224.4% | 3.7% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | -32.7% | 46.5% | ||
| Q3 25 | -28.4% | 11.4% | ||
| Q2 25 | -25.9% | 7.8% | ||
| Q1 25 | -30.8% | 18.0% | ||
| Q4 24 | -59.4% | 24.3% | ||
| Q3 24 | -169.8% | -4.4% | ||
| Q2 24 | -247.0% | 1.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $-4.88 | $0.81 | ||
| Q3 25 | $-4.23 | $0.24 | ||
| Q2 25 | $-3.81 | $0.17 | ||
| Q1 25 | $-4.38 | $0.91 | ||
| Q4 24 | $-8.49 | $1.35 | ||
| Q3 24 | $-24.25 | $-0.17 | ||
| Q2 24 | $-35.78 | $0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $16.8M | $270.0M |
| Total DebtLower is stronger | $4.6B | — |
| Stockholders' EquityBook value | $-173.9M | $705.9M |
| Total Assets | $4.9B | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $270.0M | ||
| Q4 25 | $16.8M | $425.8M | ||
| Q3 25 | $39.2M | $351.4M | ||
| Q2 25 | $56.4M | $411.6M | ||
| Q1 25 | $23.1M | $371.7M | ||
| Q4 24 | $16.8M | $740.0M | ||
| Q3 24 | $86.6M | $703.0M | ||
| Q2 24 | $48.8M | $665.1M |
| Q1 26 | — | — | ||
| Q4 25 | $4.6B | — | ||
| Q3 25 | $4.5B | — | ||
| Q2 25 | $4.5B | — | ||
| Q1 25 | $4.5B | — | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.5B | — | ||
| Q2 24 | $4.5B | — |
| Q1 26 | — | $705.9M | ||
| Q4 25 | $-173.9M | $787.4M | ||
| Q3 25 | $-101.8M | $596.8M | ||
| Q2 25 | $-39.9M | $624.5M | ||
| Q1 25 | $14.8M | $611.3M | ||
| Q4 24 | $84.0M | $585.5M | ||
| Q3 24 | $207.6M | $473.0M | ||
| Q2 24 | $603.4M | $435.4M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $4.9B | $1.6B | ||
| Q3 25 | $5.0B | $1.3B | ||
| Q2 25 | $5.1B | $1.3B | ||
| Q1 25 | $5.1B | $1.3B | ||
| Q4 24 | $5.2B | $1.8B | ||
| Q3 24 | $5.3B | $1.6B | ||
| Q2 24 | $5.7B | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 304.87× | — | ||
| Q4 24 | 53.67× | — | ||
| Q3 24 | 21.73× | — | ||
| Q2 24 | 7.48× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $66.3M | — |
| Free Cash FlowOCF − Capex | $36.4M | $206.5M |
| FCF MarginFCF / Revenue | 14.8% | 48.0% |
| Capex IntensityCapex / Revenue | 12.1% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-12.3M | $494.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $66.3M | $158.4M | ||
| Q3 25 | $19.9M | $56.3M | ||
| Q2 25 | $61.2M | $86.3M | ||
| Q1 25 | $-30.1M | $204.2M | ||
| Q4 24 | $-33.4M | $95.2M | ||
| Q3 24 | $72.8M | $30.5M | ||
| Q2 24 | $18.5M | $40.1M |
| Q1 26 | — | $206.5M | ||
| Q4 25 | $36.4M | $152.4M | ||
| Q3 25 | $-16.3M | $51.8M | ||
| Q2 25 | $36.6M | $84.1M | ||
| Q1 25 | $-68.9M | $202.3M | ||
| Q4 24 | $-63.8M | $92.4M | ||
| Q3 24 | $41.1M | $27.4M | ||
| Q2 24 | $-7.0M | $38.8M |
| Q1 26 | — | 48.0% | ||
| Q4 25 | 14.8% | 30.2% | ||
| Q3 25 | -6.6% | 13.6% | ||
| Q2 25 | 15.2% | 21.9% | ||
| Q1 25 | -29.8% | 42.5% | ||
| Q4 24 | -27.5% | 18.8% | ||
| Q3 24 | 17.8% | 8.4% | ||
| Q2 24 | -3.0% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | 12.1% | 1.2% | ||
| Q3 25 | 14.7% | 1.2% | ||
| Q2 25 | 10.2% | 0.6% | ||
| Q1 25 | 16.8% | 0.4% | ||
| Q4 24 | 13.1% | 0.6% | ||
| Q3 24 | 13.8% | 0.9% | ||
| Q2 24 | 10.9% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.68× | ||
| Q3 25 | — | 1.30× | ||
| Q2 25 | — | 2.87× | ||
| Q1 25 | — | 2.39× | ||
| Q4 24 | — | 0.80× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 6.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CTEV
Segment breakdown not available.
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
