Flash FinanceUS
Market closed S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · Progress Software (PRGS)

Progress Q1 revenue rose 29% to $238 million; GAAP EPS fell 53% to $0.24

Mixed Impact 4 of 5 earnings Written later

Progress reported fiscal first-quarter 2025 revenue of $238 million, up 29% year over year, and raised its fiscal 2025 GAAP and non-GAAP earnings per share guidance on March 31, 2025. GAAP diluted earnings per share fell 53% to $0.24 from $0.51, while non-GAAP diluted EPS rose 5% to $1.31. Revenue guidance was unchanged at $958 million to $970 million, so the higher EPS outlook rests on profit measures rather than sales growth.

Key points

  • Q1 revenue of $238 million rose 29% from $184.7 million; Annualized Recurring Revenue of $836 million rose 48% on a constant currency basis.
  • GAAP net income was $10.9 million versus $22.6 million a year earlier; non-GAAP diluted EPS was $1.31 versus $1.25.
  • Fiscal 2025 GAAP diluted EPS guidance was raised to $1.19 to $1.35 from $1.08 to $1.23; non-GAAP EPS guidance was raised to $5.25 to $5.37 from $5.00 to $5.12.

The filing

CompanyProgress Software (PRGS)
Form8-K, current report
Filed with the SECMar 31, 2025, 4:08 PM ET
Accession number0000876167-25-000051

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:54 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 31, 2025.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.