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AI brief of an SEC Form 8-K · Progress Software (PRGS)

Progress Software raises FY2025 guidance as Q3 revenue rises 40% to $250 million

Positive Impact 4 of 5 guidance Written later

Progress Software reported fiscal third-quarter 2025 revenue of $250 million, up 40% year over year, and raised its full-year 2025 guidance for revenue, earnings per share, and cash flow. GAAP diluted earnings per share fell 32% to $0.44, while non-GAAP diluted earnings per share rose 19% to $1.50, so shareholders will see both the higher guidance and a lower GAAP profit figure in the quarter.

Key points

  • Q3 revenue was $250 million, up 40% from $178.7 million a year earlier; ARR was $849 million, up 47% on a constant currency basis.
  • GAAP diluted EPS was $0.44 versus $0.65 a year earlier, a decrease of 32%; non-GAAP diluted EPS was $1.50 versus $1.26, an increase of 19%.
  • FY2025 revenue guidance was raised to $975 million to $981 million from $962 million to $974 million; GAAP diluted EPS guidance is $1.38 to $1.45, up from $1.27 to $1.43.
  • On September 23, 2025, the Board increased the share repurchase authorization by $200.0 million to $242.2 million.

The filing

CompanyProgress Software (PRGS)
Form8-K, current report
Filed with the SECSep 29, 2025, 4:04 PM ET
Accession number0000876167-25-000142

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 September 29, 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.