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PEGASYSTEMS INC（PEGA）与D-Wave Quantum Inc.（QBTS）财务数据对比。点击上方公司名可切换其他公司
PEGASYSTEMS INC的季度营收约是D-Wave Quantum Inc.的156.2倍（$430.0M vs $2.8M）。PEGASYSTEMS INC净利率更高（7.6% vs -1538.0%，领先1545.6%）。D-Wave Quantum Inc.同比增速更快（19.2% vs -9.6%）。PEGASYSTEMS INC自由现金流更多（$206.5M vs $-20.0M）。过去两年PEGASYSTEMS INC的营收复合增速更高（10.7% vs 5.7%）
Pegasystems Inc.（简称Pega）是1983年成立的全球软件企业，总部位于美国马萨诸塞州沃尔瑟姆，1996年于纳斯达克上市，股票代码PEGA。公司主打低代码平台，面向企业客户提供工作流自动化、生成式AI驱动决策等相关解决方案。
D-Wave量子公司是专注量子计算领域的科技企业，在美国加利福尼亚州帕洛阿尔托、加拿大不列颠哥伦比亚省本拿比均设有办公点。该公司自称是全球首家销售基于量子效应运行的计算机的企业，客户包括洛克希德·马丁、南加州大学、谷歌与NASA联合项目、洛斯阿拉莫斯国家实验室等。
PEGA vs QBTS — 直观对比
营收规模更大
PEGA
是对方的156.2倍
$2.8M
营收增速更快
QBTS
高出28.8%
-9.6%
净利率更高
PEGA
高出1545.6%
-1538.0%
自由现金流更多
PEGA
多$226.6M
$-20.0M
两年增速更快
PEGA
近两年复合增速
5.7%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $430.0M | $2.8M |
| 净利润 | $32.8M | $-42.3M |
| 毛利率 | 75.2% | 64.8% |
| 营业利润率 | 8.6% | -1266.0% |
| 净利率 | 7.6% | -1538.0% |
| 营收同比 | -9.6% | 19.2% |
| 净利润同比 | -61.6% | 50.8% |
| 每股收益（稀释后） | $0.18 | $-0.13 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收PEGAQBTS
| Q1 26 | $430.0M | — | ||
| Q4 25 | $504.3M | $2.8M | ||
| Q3 25 | $381.4M | $3.7M | ||
| Q2 25 | $384.5M | $3.1M | ||
| Q1 25 | $475.6M | $15.0M | ||
| Q4 24 | $490.8M | $2.3M | ||
| Q3 24 | $325.1M | $1.9M | ||
| Q2 24 | $351.2M | $2.2M |
净利润PEGAQBTS
| Q1 26 | $32.8M | — | ||
| Q4 25 | $234.6M | $-42.3M | ||
| Q3 25 | $43.4M | $-140.0M | ||
| Q2 25 | $30.1M | $-167.3M | ||
| Q1 25 | $85.4M | $-5.4M | ||
| Q4 24 | $119.1M | $-86.1M | ||
| Q3 24 | $-14.4M | $-22.7M | ||
| Q2 24 | $6.6M | $-17.8M |
毛利率PEGAQBTS
| Q1 26 | 75.2% | — | ||
| Q4 25 | 79.5% | 64.8% | ||
| Q3 25 | 72.2% | 71.4% | ||
| Q2 25 | 71.5% | 63.8% | ||
| Q1 25 | 78.5% | 92.5% | ||
| Q4 24 | 79.1% | 63.8% | ||
| Q3 24 | 70.2% | 55.8% | ||
| Q2 24 | 72.4% | 63.6% |
营业利润率PEGAQBTS
| Q1 26 | 8.6% | — | ||
| Q4 25 | 20.7% | -1266.0% | ||
| Q3 25 | 3.8% | -741.8% | ||
| Q2 25 | 4.5% | -856.3% | ||
| Q1 25 | 26.7% | -75.3% | ||
| Q4 24 | 29.1% | -876.2% | ||
| Q3 24 | -3.6% | -1103.5% | ||
| Q2 24 | 3.7% | -863.0% |
净利率PEGAQBTS
| Q1 26 | 7.6% | — | ||
| Q4 25 | 46.5% | -1538.0% | ||
| Q3 25 | 11.4% | -3743.9% | ||
| Q2 25 | 7.8% | -5406.4% | ||
| Q1 25 | 18.0% | -36.1% | ||
| Q4 24 | 24.3% | -3727.9% | ||
| Q3 24 | -4.4% | -1214.5% | ||
| Q2 24 | 1.9% | -814.4% |
每股收益（稀释后）PEGAQBTS
| Q1 26 | $0.18 | — | ||
| Q4 25 | $0.81 | $-0.13 | ||
| Q3 25 | $0.24 | $-0.41 | ||
| Q2 25 | $0.17 | $-0.55 | ||
| Q1 25 | $0.91 | $-0.02 | ||
| Q4 24 | $1.35 | $-0.43 | ||
| Q3 24 | $-0.17 | $-0.11 | ||
| Q2 24 | $0.07 | $-0.10 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $270.0M | $884.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $705.9M | $852.2M |
| 总资产 | $1.6B | $915.8M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资PEGAQBTS
| Q1 26 | $270.0M | — | ||
| Q4 25 | $425.8M | $884.5M | ||
| Q3 25 | $351.4M | $836.2M | ||
| Q2 25 | $411.6M | $819.3M | ||
| Q1 25 | $371.7M | $304.3M | ||
| Q4 24 | $740.0M | $178.0M | ||
| Q3 24 | $703.0M | — | ||
| Q2 24 | $665.1M | — |
股东权益PEGAQBTS
| Q1 26 | $705.9M | — | ||
| Q4 25 | $787.4M | $852.2M | ||
| Q3 25 | $596.8M | $670.6M | ||
| Q2 25 | $624.5M | $694.3M | ||
| Q1 25 | $611.3M | $207.4M | ||
| Q4 24 | $585.5M | $62.6M | ||
| Q3 24 | $473.0M | $-16.9M | ||
| Q2 24 | $435.4M | $-21.5M |
总资产PEGAQBTS
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $915.8M | ||
| Q3 25 | $1.3B | $865.8M | ||
| Q2 25 | $1.3B | $843.6M | ||
| Q1 25 | $1.3B | $325.6M | ||
| Q4 24 | $1.8B | $199.9M | ||
| Q3 24 | $1.6B | $49.6M | ||
| Q2 24 | $1.5B | $61.8M |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $-18.4M |
| 自由现金流经营现金流 - 资本支出 | $206.5M | $-20.0M |
| 自由现金流率自由现金流/营收 | 48.0% | -727.9% |
| 资本支出强度资本支出/营收 | — | 60.3% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $494.9M | $-75.8M |
8季度趋势，按日历期对齐
经营现金流PEGAQBTS
| Q1 26 | — | — | ||
| Q4 25 | $158.4M | $-18.4M | ||
| Q3 25 | $56.3M | $-19.0M | ||
| Q2 25 | $86.3M | $-15.3M | ||
| Q1 25 | $204.2M | $-19.3M | ||
| Q4 24 | $95.2M | $2.0M | ||
| Q3 24 | $30.5M | $-18.1M | ||
| Q2 24 | $40.1M | $-14.5M |
自由现金流PEGAQBTS
| Q1 26 | $206.5M | — | ||
| Q4 25 | $152.4M | $-20.0M | ||
| Q3 25 | $51.8M | $-20.1M | ||
| Q2 25 | $84.1M | $-16.0M | ||
| Q1 25 | $202.3M | $-19.7M | ||
| Q4 24 | $92.4M | $1.1M | ||
| Q3 24 | $27.4M | $-18.4M | ||
| Q2 24 | $38.8M | $-15.0M |
自由现金流率PEGAQBTS
| Q1 26 | 48.0% | — | ||
| Q4 25 | 30.2% | -727.9% | ||
| Q3 25 | 13.6% | -536.5% | ||
| Q2 25 | 21.9% | -518.1% | ||
| Q1 25 | 42.5% | -131.4% | ||
| Q4 24 | 18.8% | 46.2% | ||
| Q3 24 | 8.4% | -982.8% | ||
| Q2 24 | 11.1% | -687.7% |
资本支出强度PEGAQBTS
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 60.3% | ||
| Q3 25 | 1.2% | 27.2% | ||
| Q2 25 | 0.6% | 24.2% | ||
| Q1 25 | 0.4% | 2.9% | ||
| Q4 24 | 0.6% | 41.1% | ||
| Q3 24 | 0.9% | 16.4% | ||
| Q2 24 | 0.4% | 25.0% |
现金转化率PEGAQBTS
| 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× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
QBTS
暂无分部数据
