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Side-by-side financial comparison of Grand Canyon Education, Inc. (LOPE) 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 $308.1M, roughly 1.4× Grand Canyon Education, Inc.). Grand Canyon Education, Inc. runs the higher net margin — 28.1% vs 7.6%, a 20.5% gap on every dollar of revenue. On growth, Grand Canyon Education, Inc. posted the faster year-over-year revenue change (5.3% vs -9.6%). PEGASYSTEMS INC produced more free cash flow last quarter ($206.5M vs $122.9M). Over the past eight quarters, PEGASYSTEMS INC's revenue compounded faster (10.7% CAGR vs 5.9%).
Grand Canyon Education, Inc. (GCE) is an American for-profit corporation that provides services to universities, specializing in program development, online education, and operational support. Formerly affiliated with Grand Canyon University (GCU), a Christian university in Arizona, GCE became a separate publicly traded company in 2008.
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.
LOPE vs PEGA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $308.1M | $430.0M |
| Net Profit | $86.7M | $32.8M |
| Gross Margin | — | 75.2% |
| Operating Margin | 35.1% | 8.6% |
| Net Margin | 28.1% | 7.6% |
| Revenue YoY | 5.3% | -9.6% |
| Net Profit YoY | 5.9% | — |
| EPS (diluted) | $3.13 | $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 | $308.1M | $504.3M | ||
| Q3 25 | $261.1M | $381.4M | ||
| Q2 25 | $247.5M | $384.5M | ||
| Q1 25 | $289.3M | $475.6M | ||
| Q4 24 | $292.6M | $490.8M | ||
| Q3 24 | $238.3M | $325.1M | ||
| Q2 24 | $227.5M | $351.2M |
| Q1 26 | — | $32.8M | ||
| Q4 25 | $86.7M | $234.6M | ||
| Q3 25 | $16.3M | $43.4M | ||
| Q2 25 | $41.5M | $30.1M | ||
| Q1 25 | $71.6M | $85.4M | ||
| Q4 24 | $81.9M | $119.1M | ||
| Q3 24 | $41.5M | $-14.4M | ||
| Q2 24 | $34.9M | $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 | 35.1% | 20.7% | ||
| Q3 25 | 6.9% | 3.8% | ||
| Q2 25 | 20.9% | 4.5% | ||
| Q1 25 | 30.4% | 26.7% | ||
| Q4 24 | 34.2% | 29.1% | ||
| Q3 24 | 20.2% | -3.6% | ||
| Q2 24 | 18.8% | 3.7% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | 28.1% | 46.5% | ||
| Q3 25 | 6.2% | 11.4% | ||
| Q2 25 | 16.8% | 7.8% | ||
| Q1 25 | 24.8% | 18.0% | ||
| Q4 24 | 28.0% | 24.3% | ||
| Q3 24 | 17.4% | -4.4% | ||
| Q2 24 | 15.3% | 1.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $3.13 | $0.81 | ||
| Q3 25 | $0.58 | $0.24 | ||
| Q2 25 | $1.48 | $0.17 | ||
| Q1 25 | $2.52 | $0.91 | ||
| Q4 24 | $2.83 | $1.35 | ||
| Q3 24 | $1.42 | $-0.17 | ||
| Q2 24 | $1.19 | $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 | $111.8M | $270.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $746.9M | $705.9M |
| Total Assets | $992.3M | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $270.0M | ||
| Q4 25 | $111.8M | $425.8M | ||
| Q3 25 | $97.3M | $351.4M | ||
| Q2 25 | $192.3M | $411.6M | ||
| Q1 25 | $144.5M | $371.7M | ||
| Q4 24 | $324.6M | $740.0M | ||
| Q3 24 | $263.6M | $703.0M | ||
| Q2 24 | $241.3M | $665.1M |
| Q1 26 | — | $705.9M | ||
| Q4 25 | $746.9M | $787.4M | ||
| Q3 25 | $758.0M | $596.8M | ||
| Q2 25 | $778.0M | $624.5M | ||
| Q1 25 | $780.7M | $611.3M | ||
| Q4 24 | $783.9M | $585.5M | ||
| Q3 24 | $764.1M | $473.0M | ||
| Q2 24 | $759.2M | $435.4M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $992.3M | $1.6B | ||
| Q3 25 | $1.0B | $1.3B | ||
| Q2 25 | $1.0B | $1.3B | ||
| Q1 25 | $1.0B | $1.3B | ||
| Q4 24 | $1.0B | $1.8B | ||
| Q3 24 | $992.9M | $1.6B | ||
| Q2 24 | $992.7M | $1.5B |
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 | $130.5M | — |
| Free Cash FlowOCF − Capex | $122.9M | $206.5M |
| FCF MarginFCF / Revenue | 39.9% | 48.0% |
| Capex IntensityCapex / Revenue | 2.5% | — |
| Cash ConversionOCF / Net Profit | 1.50× | — |
| TTM Free Cash FlowTrailing 4 quarters | $238.6M | $494.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $130.5M | $158.4M | ||
| Q3 25 | $-48.6M | $56.3M | ||
| Q2 25 | $124.0M | $86.3M | ||
| Q1 25 | $67.6M | $204.2M | ||
| Q4 24 | $135.8M | $95.2M | ||
| Q3 24 | $-29.4M | $30.5M | ||
| Q2 24 | $98.6M | $40.1M |
| Q1 26 | — | $206.5M | ||
| Q4 25 | $122.9M | $152.4M | ||
| Q3 25 | $-58.3M | $51.8M | ||
| Q2 25 | $115.4M | $84.1M | ||
| Q1 25 | $58.7M | $202.3M | ||
| Q4 24 | $126.1M | $92.4M | ||
| Q3 24 | $-39.0M | $27.4M | ||
| Q2 24 | $89.6M | $38.8M |
| Q1 26 | — | 48.0% | ||
| Q4 25 | 39.9% | 30.2% | ||
| Q3 25 | -22.3% | 13.6% | ||
| Q2 25 | 46.6% | 21.9% | ||
| Q1 25 | 20.3% | 42.5% | ||
| Q4 24 | 43.1% | 18.8% | ||
| Q3 24 | -16.3% | 8.4% | ||
| Q2 24 | 39.4% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.5% | 1.2% | ||
| Q3 25 | 3.7% | 1.2% | ||
| Q2 25 | 3.5% | 0.6% | ||
| Q1 25 | 3.1% | 0.4% | ||
| Q4 24 | 3.3% | 0.6% | ||
| Q3 24 | 4.0% | 0.9% | ||
| Q2 24 | 3.9% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.50× | 0.68× | ||
| Q3 25 | -2.99× | 1.30× | ||
| Q2 25 | 2.98× | 2.87× | ||
| Q1 25 | 0.94× | 2.39× | ||
| Q4 24 | 1.66× | 0.80× | ||
| Q3 24 | -0.71× | — | ||
| Q2 24 | 2.83× | 6.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LOPE
Segment breakdown not available.
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
