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Side-by-side financial comparison of loanDepot, Inc. (LDI) 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 $310.3M, roughly 1.4× loanDepot, Inc.). PEGASYSTEMS INC runs the higher net margin — 7.6% vs -7.2%, a 14.9% gap on every dollar of revenue. On growth, loanDepot, Inc. posted the faster year-over-year revenue change (20.5% vs -9.6%). PEGASYSTEMS INC produced more free cash flow last quarter ($206.5M vs $-648.0M). Over the past eight quarters, loanDepot, Inc.'s revenue compounded faster (18.0% CAGR vs 10.7%).
LoanDepot, sometimes stylized as loanDepot, is an Irvine, California-based nonbank holding company which sells mortgage and non-mortgage lending products.
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.
LDI vs PEGA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $310.3M | $430.0M |
| Net Profit | $-22.5M | $32.8M |
| Gross Margin | — | 75.2% |
| Operating Margin | -10.3% | 8.6% |
| Net Margin | -7.2% | 7.6% |
| Revenue YoY | 20.5% | -9.6% |
| Net Profit YoY | 32.4% | — |
| EPS (diluted) | — | $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 | $310.3M | $504.3M | ||
| Q3 25 | $323.3M | $381.4M | ||
| Q2 25 | $282.5M | $384.5M | ||
| Q1 25 | $273.6M | $475.6M | ||
| Q4 24 | $257.5M | $490.8M | ||
| Q3 24 | $314.6M | $325.1M | ||
| Q2 24 | $265.4M | $351.2M |
| Q1 26 | — | $32.8M | ||
| Q4 25 | $-22.5M | $234.6M | ||
| Q3 25 | $-4.9M | $43.4M | ||
| Q2 25 | $-13.4M | $30.1M | ||
| Q1 25 | $-21.9M | $85.4M | ||
| Q4 24 | $-33.2M | $119.1M | ||
| Q3 24 | $1.4M | $-14.4M | ||
| Q2 24 | $-32.2M | $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 | -10.3% | 20.7% | ||
| Q3 25 | -3.2% | 3.8% | ||
| Q2 25 | -11.4% | 4.5% | ||
| Q1 25 | -16.8% | 26.7% | ||
| Q4 24 | -32.7% | 29.1% | ||
| Q3 24 | 1.1% | -3.6% | ||
| Q2 24 | -29.1% | 3.7% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | -7.2% | 46.5% | ||
| Q3 25 | -1.5% | 11.4% | ||
| Q2 25 | -4.7% | 7.8% | ||
| Q1 25 | -8.0% | 18.0% | ||
| Q4 24 | -12.9% | 24.3% | ||
| Q3 24 | 0.4% | -4.4% | ||
| Q2 24 | -12.1% | 1.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | — | $0.81 | ||
| Q3 25 | — | $0.24 | ||
| Q2 25 | — | $0.17 | ||
| Q1 25 | — | $0.91 | ||
| Q4 24 | — | $1.35 | ||
| Q3 24 | $0.01 | $-0.17 | ||
| Q2 24 | $-0.18 | $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 | $337.2M | $270.0M |
| Total DebtLower is stronger | $2.1B | — |
| Stockholders' EquityBook value | $386.0M | $705.9M |
| Total Assets | $6.9B | $1.6B |
| Debt / EquityLower = less leverage | 5.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $270.0M | ||
| Q4 25 | $337.2M | $425.8M | ||
| Q3 25 | $459.2M | $351.4M | ||
| Q2 25 | $408.6M | $411.6M | ||
| Q1 25 | $371.5M | $371.7M | ||
| Q4 24 | $421.6M | $740.0M | ||
| Q3 24 | $483.0M | $703.0M | ||
| Q2 24 | $533.2M | $665.1M |
| Q1 26 | — | — | ||
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $2.0B | — |
| Q1 26 | — | $705.9M | ||
| Q4 25 | $386.0M | $787.4M | ||
| Q3 25 | $433.3M | $596.8M | ||
| Q2 25 | $439.1M | $624.5M | ||
| Q1 25 | $469.3M | $611.3M | ||
| Q4 24 | $506.6M | $585.5M | ||
| Q3 24 | $592.0M | $473.0M | ||
| Q2 24 | $578.9M | $435.4M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $6.9B | $1.6B | ||
| Q3 25 | $6.2B | $1.3B | ||
| Q2 25 | $6.2B | $1.3B | ||
| Q1 25 | $6.4B | $1.3B | ||
| Q4 24 | $6.3B | $1.8B | ||
| Q3 24 | $6.4B | $1.6B | ||
| Q2 24 | $5.9B | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | 5.44× | — | ||
| Q3 25 | 4.83× | — | ||
| Q2 25 | 4.70× | — | ||
| Q1 25 | 4.30× | — | ||
| Q4 24 | 4.00× | — | ||
| Q3 24 | 3.31× | — | ||
| Q2 24 | 3.41× | — |
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 | $-638.7M | — |
| Free Cash FlowOCF − Capex | $-648.0M | $206.5M |
| FCF MarginFCF / Revenue | -208.9% | 48.0% |
| Capex IntensityCapex / Revenue | 3.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-734.6M | $494.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-638.7M | $158.4M | ||
| Q3 25 | $43.4M | $56.3M | ||
| Q2 25 | $67.6M | $86.3M | ||
| Q1 25 | $-179.9M | $204.2M | ||
| Q4 24 | $47.7M | $95.2M | ||
| Q3 24 | $-349.2M | $30.5M | ||
| Q2 24 | $-278.3M | $40.1M |
| Q1 26 | — | $206.5M | ||
| Q4 25 | $-648.0M | $152.4M | ||
| Q3 25 | $38.7M | $51.8M | ||
| Q2 25 | $61.4M | $84.1M | ||
| Q1 25 | $-186.7M | $202.3M | ||
| Q4 24 | $40.8M | $92.4M | ||
| Q3 24 | $-356.4M | $27.4M | ||
| Q2 24 | $-285.7M | $38.8M |
| Q1 26 | — | 48.0% | ||
| Q4 25 | -208.9% | 30.2% | ||
| Q3 25 | 12.0% | 13.6% | ||
| Q2 25 | 21.7% | 21.9% | ||
| Q1 25 | -68.2% | 42.5% | ||
| Q4 24 | 15.8% | 18.8% | ||
| Q3 24 | -113.3% | 8.4% | ||
| Q2 24 | -107.7% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 1.2% | ||
| Q3 25 | 1.5% | 1.2% | ||
| Q2 25 | 2.2% | 0.6% | ||
| Q1 25 | 2.5% | 0.4% | ||
| Q4 24 | 2.7% | 0.6% | ||
| Q3 24 | 2.3% | 0.9% | ||
| Q2 24 | 2.8% | 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 | -255.05× | — | ||
| Q2 24 | — | 6.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LDI
Segment breakdown not available.
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
