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Pegasystems vs Applied Digital: PEGA and APLD compared
Pegasystems is the larger company: $393M of revenue in its latest quarter (Q3 2026) against $342M for Applied Digital (Q1 FY27). Applied Digital is growing faster (+322% against +3% a year earlier). Pegasystems is more profitable, with an operating margin of 3.8% against -18.2%.
Where the money goes: PEGA and APLD
Pegasystems (PEGA) · Q3 2026
Pegasystems, Q3 2026: revenue $393M (+3% year over year), operating margin 3.8%, net earnings $14.1M, operating cash flow $6.1M. The chart follows the revenue to costs, profit and cash.
Applied Digital (APLD) · Q1 FY27
Applied Digital, Q1 FY27: revenue $342M (+322% year over year), operating margin -18.2%, net loss $184M, operating cash flow $63.9M. The chart follows the revenue to costs, profit and cash.
| Pegasystems (PEGA) | Applied Digital (APLD) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q1 FY27 |
| Revenue | $393M | $342M |
| Revenue growth, Y/Y | +3% | +322% |
| Gross margin | 73.6% | — |
| Operating margin | 3.8% | -18.2% |
| Net earnings | $14.1M | −$184M |
| Net margin | 3.6% | -53.8% |
| Operating cash flow | $6.1M | $63.9M |
| Free cash flow | $1.6M | — |
| Market value | $5.5B | $4.5B |
| P/E | 20.2× | — |
| Analysts’ mean target | $41.00 | $60.94 |
Where the revenue comes from
Pegasystems
- Subscription: $347M (88%)
- Consulting: $46.2M (12%)
Questions
Which is bigger, Pegasystems or Applied Digital?
Pegasystems is the larger company: $393M of revenue in its latest quarter (Q3 2026) against $342M for Applied Digital (Q1 FY27).
Is Pegasystems or Applied Digital growing faster?
Applied Digital is growing faster (+322% against +3% a year earlier).
Which is more profitable, Pegasystems or Applied Digital?
Pegasystems is more profitable, with an operating margin of 3.8% against -18.2%.
More: Pegasystems earnings · how Pegasystems makes money · Applied Digital earnings · how Applied Digital makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 20, 2026; 10-Q filed Oct 7, 2026). Fiscal quarters can end on different dates. Not investment advice.