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Side-by-side financial comparison of PEGASYSTEMS INC (PEGA) and Slide Insurance Holdings, Inc. (SLDE). Click either name above to swap in a different company.

PEGASYSTEMS INC is the larger business by last-quarter revenue ($430.0M vs $389.3M, roughly 1.1× Slide Insurance Holdings, Inc.). Slide Insurance Holdings, Inc. runs the higher net margin — 35.8% vs 7.6%, a 28.2% gap on every dollar of revenue. On growth, Slide Insurance Holdings, Inc. posted the faster year-over-year revenue change (38.2% vs -9.6%).

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.

United Property & Casualty Insurance Company, Inc. is an American property and casualty insurance company with headquarters in Florida. It writes commercial, residential, homeowners’, and flood insurance policies in several coastal states.

PEGA vs SLDE — Head-to-Head

Bigger by revenue
PEGA
PEGA
1.1× larger
PEGA
$430.0M
$389.3M
SLDE
Growing faster (revenue YoY)
SLDE
SLDE
+47.8% gap
SLDE
38.2%
-9.6%
PEGA
Higher net margin
SLDE
SLDE
28.2% more per $
SLDE
35.8%
7.6%
PEGA

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
PEGA
PEGA
SLDE
SLDE
Revenue
$430.0M
$389.3M
Net Profit
$32.8M
$139.5M
Gross Margin
75.2%
Operating Margin
8.6%
Net Margin
7.6%
35.8%
Revenue YoY
-9.6%
38.2%
Net Profit YoY
50.8%
EPS (diluted)
$0.18
$1.02

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.

Revenue
PEGA
PEGA
SLDE
SLDE
Q1 26
$430.0M
$389.3M
Q4 25
$504.3M
$347.0M
Q3 25
$381.4M
$265.7M
Q2 25
$384.5M
$261.6M
Q1 25
$475.6M
Q4 24
$490.8M
Q3 24
$325.1M
Q2 24
$351.2M
Net Profit
PEGA
PEGA
SLDE
SLDE
Q1 26
$32.8M
$139.5M
Q4 25
$234.6M
$170.4M
Q3 25
$43.4M
$111.0M
Q2 25
$30.1M
$70.1M
Q1 25
$85.4M
Q4 24
$119.1M
Q3 24
$-14.4M
Q2 24
$6.6M
Gross Margin
PEGA
PEGA
SLDE
SLDE
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%
Operating Margin
PEGA
PEGA
SLDE
SLDE
Q1 26
8.6%
Q4 25
20.7%
Q3 25
3.8%
55.3%
Q2 25
4.5%
36.8%
Q1 25
26.7%
Q4 24
29.1%
Q3 24
-3.6%
Q2 24
3.7%
Net Margin
PEGA
PEGA
SLDE
SLDE
Q1 26
7.6%
35.8%
Q4 25
46.5%
49.1%
Q3 25
11.4%
41.8%
Q2 25
7.8%
26.8%
Q1 25
18.0%
Q4 24
24.3%
Q3 24
-4.4%
Q2 24
1.9%
EPS (diluted)
PEGA
PEGA
SLDE
SLDE
Q1 26
$0.18
$1.02
Q4 25
$0.81
$1.23
Q3 25
$0.24
$0.79
Q2 25
$0.17
$0.56
Q1 25
$0.91
Q4 24
$1.35
Q3 24
$-0.17
Q2 24
$0.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PEGA
PEGA
SLDE
SLDE
Cash + ST InvestmentsLiquidity on hand
$270.0M
$1.2B
Total DebtLower is stronger
Stockholders' EquityBook value
$705.9M
$1.1B
Total Assets
$1.6B
$2.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PEGA
PEGA
SLDE
SLDE
Q1 26
$270.0M
$1.2B
Q4 25
$425.8M
$1.2B
Q3 25
$351.4M
$861.6M
Q2 25
$411.6M
$936.2M
Q1 25
$371.7M
Q4 24
$740.0M
Q3 24
$703.0M
Q2 24
$665.1M
Total Debt
PEGA
PEGA
SLDE
SLDE
Q1 26
Q4 25
Q3 25
$35.0M
Q2 25
$36.3M
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
PEGA
PEGA
SLDE
SLDE
Q1 26
$705.9M
$1.1B
Q4 25
$787.4M
$1.1B
Q3 25
$596.8M
$964.2M
Q2 25
$624.5M
$868.1M
Q1 25
$611.3M
Q4 24
$585.5M
Q3 24
$473.0M
Q2 24
$435.4M
Total Assets
PEGA
PEGA
SLDE
SLDE
Q1 26
$1.6B
$2.9B
Q4 25
$1.6B
$2.9B
Q3 25
$1.3B
$2.7B
Q2 25
$1.3B
$2.8B
Q1 25
$1.3B
Q4 24
$1.8B
Q3 24
$1.6B
Q2 24
$1.5B
Debt / Equity
PEGA
PEGA
SLDE
SLDE
Q1 26
Q4 25
Q3 25
0.04×
Q2 25
0.04×
Q1 25
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PEGA
PEGA
SLDE
SLDE
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$206.5M
FCF MarginFCF / Revenue
48.0%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$494.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PEGA
PEGA
SLDE
SLDE
Q1 26
Q4 25
$158.4M
Q3 25
$56.3M
$25.3M
Q2 25
$86.3M
$350.4M
Q1 25
$204.2M
Q4 24
$95.2M
Q3 24
$30.5M
Q2 24
$40.1M
Free Cash Flow
PEGA
PEGA
SLDE
SLDE
Q1 26
$206.5M
Q4 25
$152.4M
Q3 25
$51.8M
$24.5M
Q2 25
$84.1M
$348.9M
Q1 25
$202.3M
Q4 24
$92.4M
Q3 24
$27.4M
Q2 24
$38.8M
FCF Margin
PEGA
PEGA
SLDE
SLDE
Q1 26
48.0%
Q4 25
30.2%
Q3 25
13.6%
9.2%
Q2 25
21.9%
133.4%
Q1 25
42.5%
Q4 24
18.8%
Q3 24
8.4%
Q2 24
11.1%
Capex Intensity
PEGA
PEGA
SLDE
SLDE
Q1 26
Q4 25
1.2%
Q3 25
1.2%
0.3%
Q2 25
0.6%
0.6%
Q1 25
0.4%
Q4 24
0.6%
Q3 24
0.9%
Q2 24
0.4%
Cash Conversion
PEGA
PEGA
SLDE
SLDE
Q1 26
Q4 25
0.68×
Q3 25
1.30×
0.23×
Q2 25
2.87×
5.00×
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

PEGA
PEGA

Pega Cloud$205.0M48%
Subscription license$94.9M22%
Maintenance$75.3M18%
Consulting$54.8M13%

SLDE
SLDE

Segment breakdown not available.

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