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Side-by-side financial comparison of PEGASYSTEMS INC (PEGA) and XPLR Infrastructure, LP (XIFR). Click either name above to swap in a different company.
PEGASYSTEMS INC is the larger business by last-quarter revenue ($430.0M vs $249.0M, roughly 1.7× XPLR Infrastructure, LP). XPLR Infrastructure, LP runs the higher net margin — 11.2% vs 7.6%, a 3.6% gap on every dollar of revenue. On growth, PEGASYSTEMS INC posted the faster year-over-year revenue change (-9.6% vs -15.3%). PEGASYSTEMS INC produced more free cash flow last quarter ($206.5M vs $-88.0M). Over the past eight quarters, PEGASYSTEMS INC's revenue compounded faster (10.7% CAGR vs -1.6%).
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.
XPLR Infrastructure is a publicly traded subsidiary of NextEra Energy, is a Juno Beach, Florida-based renewable energy company.
PEGA vs XIFR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $430.0M | $249.0M |
| Net Profit | $32.8M | $28.0M |
| Gross Margin | 75.2% | — |
| Operating Margin | 8.6% | -19.3% |
| Net Margin | 7.6% | 11.2% |
| Revenue YoY | -9.6% | -15.3% |
| Net Profit YoY | — | 124.3% |
| 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 | $504.3M | $249.0M | ||
| Q3 25 | $381.4M | $315.0M | ||
| Q2 25 | $384.5M | $342.0M | ||
| Q1 25 | $475.6M | $282.0M | ||
| Q4 24 | $490.8M | $294.0M | ||
| Q3 24 | $325.1M | $319.0M | ||
| Q2 24 | $351.2M | $360.0M |
| Q1 26 | $32.8M | — | ||
| Q4 25 | $234.6M | $28.0M | ||
| Q3 25 | $43.4M | $-37.0M | ||
| Q2 25 | $30.1M | $79.0M | ||
| Q1 25 | $85.4M | $-98.0M | ||
| Q4 24 | $119.1M | $-115.0M | ||
| Q3 24 | $-14.4M | $-40.0M | ||
| Q2 24 | $6.6M | $62.0M |
| 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 | 20.7% | -19.3% | ||
| Q3 25 | 3.8% | 1.6% | ||
| Q2 25 | 4.5% | 26.3% | ||
| Q1 25 | 26.7% | -82.6% | ||
| Q4 24 | 29.1% | -188.1% | ||
| Q3 24 | -3.6% | 15.4% | ||
| Q2 24 | 3.7% | 18.3% |
| Q1 26 | 7.6% | — | ||
| Q4 25 | 46.5% | 11.2% | ||
| Q3 25 | 11.4% | -11.7% | ||
| Q2 25 | 7.8% | 23.1% | ||
| Q1 25 | 18.0% | -34.8% | ||
| Q4 24 | 24.3% | -39.1% | ||
| Q3 24 | -4.4% | -12.5% | ||
| Q2 24 | 1.9% | 17.2% |
| Q1 26 | $0.18 | — | ||
| Q4 25 | $0.81 | — | ||
| Q3 25 | $0.24 | $-0.40 | ||
| Q2 25 | $0.17 | $0.84 | ||
| Q1 25 | $0.91 | $-1.05 | ||
| Q4 24 | $1.35 | — | ||
| Q3 24 | $-0.17 | $-0.43 | ||
| Q2 24 | $0.07 | $0.66 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $270.0M | $960.0M |
| Total DebtLower is stronger | — | $6.2B |
| Stockholders' EquityBook value | $705.9M | $10.9B |
| Total Assets | $1.6B | $19.6B |
| Debt / EquityLower = less leverage | — | 0.57× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $270.0M | — | ||
| Q4 25 | $425.8M | $960.0M | ||
| Q3 25 | $351.4M | $711.0M | ||
| Q2 25 | $411.6M | $880.0M | ||
| Q1 25 | $371.7M | $1.5B | ||
| Q4 24 | $740.0M | $283.0M | ||
| Q3 24 | $703.0M | $290.0M | ||
| Q2 24 | $665.1M | $281.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $6.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $5.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $705.9M | — | ||
| Q4 25 | $787.4M | $10.9B | ||
| Q3 25 | $596.8M | $11.0B | ||
| Q2 25 | $624.5M | $11.3B | ||
| Q1 25 | $611.3M | $12.6B | ||
| Q4 24 | $585.5M | $12.9B | ||
| Q3 24 | $473.0M | $13.6B | ||
| Q2 24 | $435.4M | $13.9B |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $19.6B | ||
| Q3 25 | $1.3B | $19.1B | ||
| Q2 25 | $1.3B | $20.5B | ||
| Q1 25 | $1.3B | $21.4B | ||
| Q4 24 | $1.8B | $20.3B | ||
| Q3 24 | $1.6B | $20.9B | ||
| Q2 24 | $1.5B | $21.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.57× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.41× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $186.0M |
| Free Cash FlowOCF − Capex | $206.5M | $-88.0M |
| FCF MarginFCF / Revenue | 48.0% | -35.3% |
| Capex IntensityCapex / Revenue | — | 110.0% |
| Cash ConversionOCF / Net Profit | — | 6.64× |
| TTM Free Cash FlowTrailing 4 quarters | $494.9M | $-219.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $158.4M | $186.0M | ||
| Q3 25 | $56.3M | $231.0M | ||
| Q2 25 | $86.3M | $232.0M | ||
| Q1 25 | $204.2M | $90.0M | ||
| Q4 24 | $95.2M | $283.0M | ||
| Q3 24 | $30.5M | $208.0M | ||
| Q2 24 | $40.1M | $231.0M |
| Q1 26 | $206.5M | — | ||
| Q4 25 | $152.4M | $-88.0M | ||
| Q3 25 | $51.8M | $-283.0M | ||
| Q2 25 | $84.1M | $151.0M | ||
| Q1 25 | $202.3M | $1.0M | ||
| Q4 24 | $92.4M | $231.0M | ||
| Q3 24 | $27.4M | $152.0M | ||
| Q2 24 | $38.8M | $162.0M |
| Q1 26 | 48.0% | — | ||
| Q4 25 | 30.2% | -35.3% | ||
| Q3 25 | 13.6% | -89.8% | ||
| Q2 25 | 21.9% | 44.2% | ||
| Q1 25 | 42.5% | 0.4% | ||
| Q4 24 | 18.8% | 78.6% | ||
| Q3 24 | 8.4% | 47.6% | ||
| Q2 24 | 11.1% | 45.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 110.0% | ||
| Q3 25 | 1.2% | 163.2% | ||
| Q2 25 | 0.6% | 23.7% | ||
| Q1 25 | 0.4% | 31.6% | ||
| Q4 24 | 0.6% | 17.7% | ||
| Q3 24 | 0.9% | 17.6% | ||
| Q2 24 | 0.4% | 19.2% |
| Q1 26 | — | — | ||
| Q4 25 | 0.68× | 6.64× | ||
| Q3 25 | 1.30× | — | ||
| Q2 25 | 2.87× | 2.94× | ||
| Q1 25 | 2.39× | — | ||
| Q4 24 | 0.80× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 6.06× | 3.73× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
XIFR
| Renewable Energy Sales | $238.0M | 96% |
| Related Party | $8.0M | 3% |
