Progress Software Corporation (PRGS)

Nasdaq Information Technology Systems Software S&P SmallCap 600

$43.50

-1.09 (-2.44%)

Close of Nov 06, 2026 · end-of-day data

Source: Progress Software Corporation's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$405.34M	$389.15M	$378.98M	$413.30M	$442.15M	$531.31M	$602.01M	$694.44M	$753.41M	$977.83M
Cost of revenue	$65.71M	$69.16M	$66.97M	$75.24M	$62.11M	$78.45M	$94.50M	$126.58M	$130.48M	$187.58M
Gross profit	$339.63M	$320.00M	$312.01M	$338.06M	$380.04M	$452.86M	$507.52M	$567.86M	$622.93M	$790.25M
Operating income	-$29.71M	$57.49M	$67.81M	$40.08M	$107.73M	$116.10M	$132.13M	$110.52M	$124.00M	$153.29M
Interest expense	$4.18M	$4.63M	$5.15M	$9.91M	$10.17M	$20.05M	$15.79M	$30.78M	$32.01M	$70.85M
Pre-tax income	-$35.28M	$52.46M	$60.80M	$28.50M	$96.64M	$95.53M	$117.25M	$79.66M	$94.26M	$81.63M
Income tax	$20.45M	$23.44M	$11.13M	$2.10M	$16.91M	$17.11M	$22.19M	$9.46M	$25.83M	$8.49M
Net income	-$55.73M	$29.02M	$49.67M	$26.40M	$79.72M	$78.42M	$95.07M	$70.20M	$68.44M	$73.13M
EBITDA	-$21.21M	$64.99M	$74.71M	$47.68M	$113.83M	$121.60M	$137.13M	$116.82M	$130.40M	$159.49M
EPS (basic)	$-1.13	$0.60	$1.09	$0.59	$1.78	$1.79	$2.19	$1.62	$1.58	$1.70
EPS (diluted)	$-1.13	$0.60	$1.08	$0.58	$1.76	$1.76	$2.15	$1.57	$1.54	$1.66
Diluted shares	49.48M	48.52M	46.13M	45.34M	45.32M	44.62M	44.25M	44.66M	44.43M	44.02M
Gross margin	83.8%	82.2%	82.3%	81.8%	86.0%	85.2%	84.3%	81.8%	82.7%	80.8%
Operating margin	-7.3%	14.8%	17.9%	9.7%	24.4%	21.9%	21.9%	15.9%	16.5%	15.7%
Net margin	-13.7%	7.5%	13.1%	6.4%	18.0%	14.8%	15.8%	10.1%	9.1%	7.5%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$133.46M	$133.46M	$105.13M	$154.26M	$97.99M	$155.41M	$256.28M	$126.96M	$118.08M	$94.81M
Short-term investments	$42.72M	$50.15M	$34.39M	$19.43M	$8.01M	$1.97M	$0	—	—	—
Receivables	$65.68M	$61.21M	$59.72M	$72.82M	$84.04M	$99.81M	$97.83M	$125.83M	$163.57M	$195.78M
Inventory	—	—	—	—	$0	$3.55M	$5.04M	—	—	—
Total current assets	$336.05M	$263.41M	$231.50M	$284.67M	$238.94M	$337.81M	$426.05M	$330.79M	$368.81M	$399.96M
Goodwill	$278.07M	$315.04M	$314.99M	$432.82M	$491.73M	$671.15M	$671.04M	$832.10M	$1.29B	$1.31B
Total assets	$754.83M	$718.72M	$644.15M	$881.27M	$1.04B	$1.36B	$1.41B	$1.60B	$2.53B	$2.46B
Total current liabilities	$203.74M	$208.02M	$186.03M	$240.88M	$262.54M	$322.93M	$318.00M	$352.12M	$455.14M	$809.73M
Short-term debt	$15.00M	$5.82M	$5.82M	$10.72M	$18.24M	$25.77M	$6.23M	$13.11M	$0	$359.16M
Long-term debt	$120.00M	$116.09M	$110.27M	$284.00M	$364.26M	$534.53M	$611.85M	$710.88M	$1.53B	$1.04B
Total debt	$135.00M	$121.91M	$116.09M	$294.72M	$382.50M	$560.29M	$618.08M	$723.99M	$1.53B	$1.40B
Total liabilities	$312.10M	$314.34M	$320.15M	$550.99M	$695.77M	$951.05M	$1.01B	$1.14B	$2.09B	$1.98B
Shareholders' equity	$442.73M	$404.38M	$324.00M	$330.28M	$346.01M	$412.49M	$398.50M	$459.71M	$438.79M	$478.35M

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$102.84M	$105.69M	$121.35M	$128.48M	$144.85M	$178.53M	$192.16M	$173.92M	$211.49M	$235.19M
Capital expenditures	$5.79M	$3.38M	$7.25M	$4.00M	$6.52M	$4.65M	$6.09M	$5.57M	$5.21M	$5.70M
Free cash flow	$97.06M	$102.31M	$114.10M	$124.49M	$138.33M	$173.88M	$186.07M	$168.35M	$206.29M	$229.49M
Investing cash flow	-$21.00M	-$87.79M	$7.59M	-$208.38M	-$207.29M	-$250.34M	$21.99M	-$360.38M	-$857.91M	-$26.92M
Financing cash flow	-$82.19M	-$103.31M	-$146.77M	$130.29M	$3.08M	$132.11M	-$101.42M	$51.19M	$640.82M	-$238.37M
Dividends paid	$0	$24.13M	$25.79M	$27.76M	$29.90M	$31.56M	$31.06M	$31.55M	$31.46M	$786.00K
Share buybacks	$79.19M	$73.94M	$120.00M	$25.00M	$60.00M	$35.00M	$77.04M	$33.96M	$86.78M	$105.16M
Stock-based compensation	$22.54M	$14.15M	$20.57M	$23.31M	$23.48M	$29.72M	$37.09M	$40.53M	$46.76M	$64.77M
Depreciation & amortization	$8.50M	$7.50M	$6.90M	$7.60M	$6.10M	$5.50M	$5.00M	$6.30M	$6.40M	$6.20M

Income statement

quarters · USD

Quarter ended	Nov 2023	Feb 2024	May 2024	Aug 2024	Nov 2024	Feb 2025	May 2025	Aug 2025	Nov 2025	Feb 2026	May 2026	Aug 2026
Revenue	$176.97M	$184.69M	$175.08M	$178.69M	$214.96M	$238.01M	$237.35M	$249.79M	$252.67M	$247.80M	$253.47M	$246.00M
Cost of revenue	$33.66M	$32.81M	$32.07M	$29.06M	$36.54M	$46.23M	$47.29M	$47.54M	$46.53M	$43.86M	$44.87M	$42.47M
Gross profit	$143.31M	$151.88M	$143.01M	$149.62M	$178.42M	$191.78M	$190.07M	$202.26M	$206.14M	$203.94M	$208.59M	$203.54M
Operating income	$22.54M	$35.01M	$27.15M	$40.35M	$21.50M	$32.43M	$38.62M	$43.87M	$38.37M	$46.47M	$45.20M	$46.55M
Interest expense	$7.89M	$7.34M	$7.01M	$6.76M	$10.90M	$18.43M	$18.14M	$17.74M	$16.55M	$15.25M	$15.91M	$16.91M
Pre-tax income	$14.17M	$27.61M	$20.13M	$34.28M	$12.25M	$13.30M	$19.86M	$26.21M	$22.26M	$30.29M	$28.84M	$29.53M
Income tax	-$1.16M	$4.97M	$3.94M	$5.82M	$11.10M	$2.36M	$2.83M	$6.79M	-$3.49M	$7.48M	$7.77M	$6.76M
Net income	$15.34M	$22.64M	$16.19M	$28.46M	$1.15M	$10.95M	$17.03M	$19.41M	$25.75M	$22.81M	$21.07M	$22.78M
EBITDA	$24.19M	$36.59M	$28.73M	$41.98M	$23.12M	$34.05M	$40.21M	$45.41M	$39.85M	$47.96M	$46.96M	$47.86M
EPS (basic)	$0.35	$0.52	$0.37	$0.66	$0.03	$0.25	$0.40	$0.45	$0.60	$0.54	$0.50	$0.55
EPS (diluted)	$0.34	$0.51	$0.37	$0.65	$0.02	$0.24	$0.39	$0.44	$0.59	$0.53	$0.50	$0.55
Diluted shares	115.00K	44.83M	43.96M	43.71M	260.00K	44.89M	44.16M	43.72M	-234.00K	42.73M	42.31M	41.48M
Gross margin	81.0%	82.2%	81.7%	83.7%	83.0%	80.6%	80.1%	81.0%	81.6%	82.3%	82.3%	82.7%
Operating margin	12.7%	19.0%	15.5%	22.6%	10.0%	13.6%	16.3%	17.6%	15.2%	18.8%	17.8%	18.9%
Net margin	8.7%	12.3%	9.2%	15.9%	0.5%	4.6%	7.2%	7.8%	10.2%	9.2%	8.3%	9.3%

Balance sheet

quarters · USD

Quarter ended	Nov 2023	Feb 2024	May 2024	Aug 2024	Nov 2024	Feb 2025	May 2025	Aug 2025	Nov 2025	Feb 2026	May 2026	Aug 2026
Cash & equivalents	$126.96M	$133.22M	$190.42M	$232.71M	$118.08M	$124.16M	$102.01M	$99.01M	$94.81M	$113.17M	$102.98M	$113.65M
Receivables	$125.83M	$88.81M	$82.35M	$87.68M	$163.57M	$126.37M	$140.12M	$151.43M	$195.78M	$147.61M	$125.21M	$118.81M
Total current assets	$330.79M	$297.26M	$342.98M	$388.56M	$368.81M	$340.68M	$325.65M	$335.55M	$399.96M	$370.14M	$336.50M	$330.00M
Goodwill	$832.10M	$832.81M	$832.78M	$832.75M	$1.29B	$1.29B	$1.29B	$1.31B	$1.31B	$1.31B	$1.31B	$1.31B
Total assets	$1.60B	$1.55B	$1.59B	$1.62B	$2.53B	$2.46B	$2.41B	$2.42B	$2.46B	$2.39B	$2.35B	$2.30B
Total current liabilities	$352.12M	$312.21M	$307.22M	$314.91M	$455.14M	$428.54M	$750.27M	$769.81M	$809.73M	$788.12M	$416.04M	$414.63M
Short-term debt	$13.11M	$0	$0	$0	$0	—	—	—	$359.16M	$359.72M	$0	$0
Long-term debt	$710.88M	—	—	—	$1.53B	$1.51B	$1.10B	$1.06B	$1.04B	$981.66M	$1.29B	$1.23B
Total debt	$723.99M	$0	$0	$0	$1.53B	$1.51B	$1.10B	$1.06B	$1.40B	$1.34B	$1.29B	$1.23B
Total liabilities	$1.14B	$1.09B	$1.18B	$1.19B	$2.09B	$2.03B	$1.96B	$1.94B	$1.98B	$1.90B	$1.84B	$1.77B
Shareholders' equity	$459.71M	$461.74M	$401.67M	$425.61M	$438.79M	$431.85M	$452.70M	$477.68M	$478.35M	$498.80M	$506.08M	$529.98M

Cash flow

quarters · USD

Quarter ended	Nov 2023	Feb 2024	May 2024	Aug 2024	Nov 2024	Feb 2025	May 2025	Aug 2025	Nov 2025	Feb 2026	May 2026	Aug 2026
Operating cash flow	$33.16M	$70.50M	$63.68M	$57.66M	$19.65M	$68.95M	$30.00M	$73.45M	$62.80M	$98.63M	$78.84M	$88.01M
Capital expenditures	$2.39M	$309.00K	$955.00K	$1.06M	$2.88M	$1.29M	$495.00K	$1.05M	$2.86M	$2.71M	$1.86M	$1.70M
Free cash flow	$30.77M	$70.19M	$62.73M	$56.59M	$16.77M	$67.66M	$29.50M	$72.39M	$59.94M	$95.92M	$76.97M	$86.32M
Investing cash flow	-$2.39M	-$309.00K	-$955.00K	-$1.06M	-$855.58M	-$2.48M	-$495.00K	-$20.51M	-$3.43M	-$2.71M	-$1.86M	-$1.70M
Financing cash flow	-$42.26M	-$62.41M	-$5.38M	-$17.48M	$726.10M	-$58.87M	-$59.23M	-$57.68M	-$62.59M	-$78.88M	-$85.14M	-$74.27M
Dividends paid	$7.88M	$8.17M	$7.95M	$7.69M	$7.65M	$359.00K	$295.00K	$0	$132.00K	$204.00K	$159.00K	$5.00K
Share buybacks	$3.96M	$22.50M	$49.95M	$14.33M	$0	$30.11M	$20.00M	$15.00M	$40.05M	$20.40M	$34.69M	$16.87M
Stock-based compensation	$10.42M	$12.46M	$11.99M	$10.56M	$11.74M	$14.68M	$16.74M	$15.97M	$17.37M	$18.47M	$20.51M	$16.08M
Depreciation & amortization	$1.66M	$1.59M	$1.58M	$1.64M	$1.62M	$1.62M	$1.60M	$1.54M	$1.48M	$1.50M	$1.76M	$1.31M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.