{"url_path":"/sec/pega/10-k/2026/item-15","section_key":"item-15","section_title":"Item 15 EXHIBITS AND FINANCIAL STATEMENT SCHEDULES","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-02-10","source_url":"https://www.sec.gov/Archives/edgar/data/1013857/0001013857-26-000017-index.html","accession_number":"0001013857-26-000017","cik":"0001013857","ticker":"PEGA","issuer_name":"PEGASYSTEMS INC","edgar_url":"https://www.sec.gov/Archives/edgar/data/1013857/0001013857-26-000017-index.html","primary_entity_key":"0001013857","primary_entity_name":"PEGASYSTEMS INC"},"word_count":785,"has_tables":true,"body_markdown":"ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES\n\n(a) The following are filed as part of this Annual Report:\n\n(1) Financial Statements\n\nThe following consolidated financial statements are included in Item 8:\n\nPage\n\nReport of Independent Registered Public Accounting Firm\n[35](#iad3cbe814d7245e7b3a44ecafc971363_121)\n\nConsolidated Balance Sheets as of December 31, 2025 and 2024\n\n[37](#iad3cbe814d7245e7b3a44ecafc971363_124)\n\nConsolidated Statements of Operations for the years ended December 31, 2025, 2024, and 2023\n\n[38](#iad3cbe814d7245e7b3a44ecafc971363_127)\n\nConsolidated Statements of Comprehensive Income for the years ended December 31, 2025, 2024, and 2023\n\n[39](#iad3cbe814d7245e7b3a44ecafc971363_130)\n\nConsolidated Statements of Stockholders’ Equity for the years ended December 31, 2025, 2024, and 2023\n\n[40](#iad3cbe814d7245e7b3a44ecafc971363_133)\n\nConsolidated Statements of Cash Flows for the years ended December 31, 2025, 2024, and 2023\n\n[41](#iad3cbe814d7245e7b3a44ecafc971363_136)\n\n69\n\n(b) Exhibits\n\nExhibit\nNo.DescriptionIncorporation by ReferenceFiled\nHerewith\n\nFormLocationFiling Date\n\n3.1\n[Restated Articles of Organization of the Registrant and Amendments thereto](https://www.sec.gov/Archives/edgar/data/1013857/000101385725000185/exhibit31-restatedarticles.htm)\n8-K3.16/18/25\n\n3.2\n[Amended and Restated](https://www.sec.gov/Archives/edgar/data/1013857/000119312520169542/d947582dex32.htm)[Bylaws](https://www.sec.gov/Archives/edgar/data/1013857/000119312520169542/d947582dex32.htm)[of Pegasystems Inc](https://www.sec.gov/Archives/edgar/data/1013857/000119312520169542/d947582dex32.htm)\n8-K3.26/15/20\n\n4.1\n[Specimen Certificate Representing the Common Stock](https://www.sec.gov/Archives/edgar/data/1013857/0000950146-96-000999.txt)\nS-14.16/19/96\n\n4.2\n\n[Description of Common Stock](q42025_ex-42.htm)\nX\n\n10.1\n[2004 Long-Term Incentive Plan (as amended and restated)](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001013857/000101385725000112/pega-20250425.htm#ifa00dae9fade485498a8f4c1128d649c_519)++\n\nDEF 14A\nAppendix A to 2025 Proxy Statement4/25/25\n\n10.2\n[Restricted Stock Unit Sub-Plan of the Registrant’s 2004 Long-Term Incentive Plan for French Participants](https://www.sec.gov/Archives/edgar/data/1013857/000119312516545062/d95365ddef14a.htm)++\nDEF 14AAppendix B to 2016 Proxy Statement4/18/16\n\n10.3\n[2006 Employee Stock Purchase Plan, as amended on June 20, 2023](https://www.sec.gov/Archives/edgar/data/1013857/000101385723000089/pega-20230428.htm#ica49cbac87024897b4c892b1675252ac_584)++\n\nDEF 14A\n\nAppendix B to 2023 Proxy Statement\n4/28/23\n\n10.4\n[Form of Global Stock Option Agreement](https://www.sec.gov/Archives/edgar/data/0001013857/000101385721000032/q42020_ex-105.htm)++\n10-K10.52/17/21\n\n10.5\n[Form of Global Restricted Stock Unit Agreement](https://www.sec.gov/Archives/edgar/data/0001013857/000101385721000032/q42020_ex-107.htm)++\n10-K10.72/17/21\n\n10.6\n[Form of Non-Employee Director Stock Option Agreement](https://www.sec.gov/Archives/edgar/data/1013857/000119312504180818/dex102.htm)++\n10-Q10.210/29/04\n\n10.7\n[Form of Director Indemnification Agreement](https://www.sec.gov/Archives/edgar/data/1013857/000129993305001650/exhibit1.htm)++\n8-K99.14/11/05\n\n10.8\n[Offer Letter between Pegasystems Inc. and Kenneth Stillwell dated June 1, 2016](https://www.sec.gov/Archives/edgar/data/1013857/000119312516621375/d204111dex991.htm)++\n\n8-K\n\n99.1\n6/14/16\n\n10.9\n[O](https://www.sec.gov/Archives/edgar/data/1013857/000101385723000075/q12023_ex-103.htm)[ffer Letter between Pegasystems Ltd. and John Higgins](https://www.sec.gov/Archives/edgar/data/1013857/000101385723000075/q12023_ex-103.htm)[executed December 13, 2020](https://www.sec.gov/Archives/edgar/data/1013857/000101385723000075/q12023_ex-103.htm)++\n\n10-Q\n\n10.3\n4/26/23\n\n10.10\n[Compensation Program for non-employee members of the Registrant’s Board of Directors++](https://www.sec.gov/Archives/edgar/data/1013857/000101385725000218/q32025_ex-101.htm)\n10-Q10.110/21/25\n\n10.11\n[2025 Section 16 Officers/](https://www.sec.gov/Archives/edgar/data/1013857/000101385725000016/ex9912025section16altcicpp.htm)[A](https://www.sec.gov/Archives/edgar/data/1013857/000101385725000016/ex9912025section16altcicpp.htm)[LT Member Corporate Incentive Compensation Plan](https://www.sec.gov/Archives/edgar/data/1013857/000101385725000016/ex9912025section16altcicpp.htm)++\n8-K99.12/7/25\n\n10.12\n[Credit Agreement dated as of November 5, 2019 with PNC Bank, National Association](https://www.sec.gov/Archives/edgar/data/1013857/000101385719000033/q32019ex-101.htm)\n10-Q10.111/7/19\n\n10.13\n[Amendment to Loan Documents, dated February 18, 2020, between Pegasystems Inc. and PNC Bank, National Association](https://www.sec.gov/Archives/edgar/data/1013857/000119312520046470/d894254dex103.htm)\n8-K10.32/24/20\n\n10.14\n[Amendment 2 to Loan Documents, dated July 22, 2020, between Pegasystems Inc. and PNC Bank, National Association](https://www.sec.gov/Archives/edgar/data/1013857/000101385720000023/q22020ex-102.htm)\n10-Q10.27/28/20\n\n10.15**\n\n[Amendment to Loan Documents, dated as of September 30, 2020, between Pegasystems Inc. and PNC Bank, National Association](https://www.sec.gov/Archives/edgar/data/1013857/000101385720000039/q32020ex103.htm)\n10-Q10.310/28/20\n\n10.16\n[Fourth Amendment to Loan Documents, dated as of March 31, 2022, between Pegasystems Inc. and PNC Bank, National Association](https://www.sec.gov/Archives/edgar/data/1013857/000101385722000089/q12021_ex-101.htm)\n10-Q10.13/31/22\n\n10.17\n[Fifth Amendment to Loan Documents, dated as of July 25, 2022, between Pegasystems Inc. and PNC Bank, National Association](https://www.sec.gov/Archives/edgar/data/1013857/000101385722000137/q22022_ex-101.htm)\n10-Q10.17/27/22\n\n10.18\n[Sixth Amendment to Loan Documents, dated as of March 31, 2023, between Pegasystems Inc. and PNC Bank, National Association](https://www.sec.gov/Archives/edgar/data/1013857/000101385723000075/q12023_ex-101.htm)\n\n10-Q\n\n10.1\n4/26/23\n\n10.19\n[Seventh Amendment to Loan Documents, dated as of April 23, 2024, between Pegasystems Inc. and PNC Bank, National Association](https://www.sec.gov/Archives/edgar/data/1013857/000101385724000085/q12024_ex101.htm)\n\n10-Q\n\n10.1\n4/24/24\n\n10.20\n[Eighth Amendment to Loan Documents, dated as of February 7, 2025 and effective as of February 4, 2025, between Pegasystems Inc. and PNC Bank, National Association](https://www.sec.gov/Archives/edgar/data/1013857/000101385725000024/q42024_ex-1023.htm)\n10-K10.232/12/25\n\n10.21\n[Fee Letter, dated as of March 31, 2023, for Senior Credit Facility](https://www.sec.gov/Archives/edgar/data/1013857/000101385723000075/q12023_ex-102.htm)\n\n10-Q\n\n10.2\n4/26/23\n\n10.22\n[Lease between Pegasystems Inc. and 275 Wyman LLC**](https://www.sec.gov/Archives/edgar/data/0001013857/000101385721000163/q22021_8kxwalthamxex101.htm)\n8-K10.17/9/21\n\n10.23\n\n[D](q42025_ex-1023.htm)[ividend](q42025_ex-1023.htm)[Waiver Agreement,](q42025_ex-1023.htm)[dated](q42025_ex-1023.htm)[as of February](q42025_ex-1023.htm)[6](q42025_ex-1023.htm)[, 2026](q42025_ex-1023.htm)\n\nX\n\n19.1\n\n[Pegasystems Inc. Insider Trading Policy](q42025_ex-191.htm)\n\nX\n\n21.1\n\n[Subsidiaries of the Registrant.](q42025_ex-211.htm)\nX\n\n23.1\n\n[Consent of Independent Registered Public Accounting Firm—Deloitte & Touche LLP.](q42025_ex-231.htm)\nX\n\n31.1\n\n[Certification pursuant to Exchange Act Rules 13a-14 and 15d-14 of the Chief Executive Officer.](q42025_ex-311.htm)\nX\n\n31.2\n\n[Certification pursuant to Exchange Act Rules 13a-14 and 15d-14 of the Chief Financial Officer.](q42025_ex-312.htm)\nX\n\n32\n\n[Certification pursuant to 18 U.S.C. Section 1350 of the Chief Executive Officer and the Chief Financial Officer.](q42025_ex-32.htm)\n+\n\n97.1\n\n[Pegasystems Inc. Compensation Recovery Policy](https://www.sec.gov/Archives/edgar/data/1013857/000101385724000012/q42023_ex-971.htm)\n\n10-K\n\n97.1\n2/14/24\n\n101.INSInline XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.X\n\n101.SCHInline XBRL Taxonomy Extension Schema Document.X\n\n101.CALInline XBRL Taxonomy Calculation Linkbase Document.X\n\n101.DEFInline XBRL Taxonomy Extension Definition Linkbase Document.X\n\n101.LABInline XBRL Taxonomy Label Linkbase Document.X\n\n101.PREInline XBRL Taxonomy Presentation Linkbase Document.X\n\n104Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)X\n\n+ Indicates that the exhibit is being furnished with this report and is not filed as a part of it.\n\n++ Management contracts and compensatory plans or arrangements required to be filed pursuant to Item 15(b) of Form 10-K.\n\n** Certain portions of this exhibit are considered confidential and have been omitted as allowed under SEC rules and regulations\n\n70\n\n(c) Financial Statement Schedules\n\nAll financial statement schedules are omitted because the required information is not present or not present in sufficient amounts to require submission of the schedule or because the information is reflected in the consolidated financial statements or notes thereto."}