• Pegasystems average ebit margin for 2023 was -4.34%, a 58.47% decline from 2022.
• Pegasystems average ebit margin for 2022 was -10.45%, a 39.15% decline from 2021.
• Pegasystems average ebit margin for 2021 was -7.51%, a 43.87% increase from 2020.

Ebit margin can be defined as earnings before interest and taxes as a portion of total revenues