PROGRESS SOFTWARE CORP /MA PRGS

Technology SIC 7372 - Services-Prepackaged Software NAICS Information › Publishing Industries › Software Publishers derived Nasdaq

Progress Software Corporation ("Progress," the "Company," "we," "us," or "our") provides software products that enable our customers to develop, deploy, and manage responsible AI-powered applications and digital experiences with agility and ease. We operate in North America, Latin America, Europe, the Middle East and Africa ("EMEA"), and Asia and Australia ("Asia Pacific"), through local subsidiaries as well as independent distributors.

A key element of our strategy is centered on the goal of building and maintaining leading products and tools organizations need to build, deploy, and manage modern, strategic business applications. We offer our products and tools to both new customers and partners, as well as our existing partner and customer ecosystems.

Last close 46.45 2026-10-23
Market cap $1.91B 2026-05-31 share count
52-week range 23.82 - 47.25

Valuation FY2025 figures against the last close

P/S1.9x
P/E28.0x
P/FCF8.3x
EV/EBITDA20.1x
Dividend yield0.0%
Diluted EPS1.66

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Emea
  • Asia Pacific
  • Canada
  • Latin America
Revenue by geography, 5 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 595.3M (60.9%) 61% United States Emea, FY2025: 280.9M (28.7%) 29% Emea Asia Pacific, FY2025: 51.5M (5.3%) 5% Canada, FY2025: 28.4M (2.9%) Latin America, FY2025: 21.7M (2.2%) FY2024 United States, FY2024: 421.9M (56.0%) 56% Emea, FY2024: 245.3M (32.6%) 33% Asia Pacific, FY2024: 40.8M (5.4%) 5% Canada, FY2024: 25.1M (3.3%) Latin America, FY2024: 20.3M (2.7%) FY2023 United States, FY2023: 380.7M (54.8%) 55% Emea, FY2023: 222.9M (32.1%) 32% Asia Pacific, FY2023: 38.8M (5.6%) 6% Canada, FY2023: 31M (4.5%) 4% Latin America, FY2023: 21.1M (3.0%)
Region FY2025FY2024FY2023
United States $595.3M $421.9M $380.7M
Emea $280.9M $245.3M $222.9M
Asia Pacific $51.5M $40.8M $38.8M
Canada $28.4M $25.1M $31.0M
Latin America $21.7M $20.3M $21.1M

As the company reported it, from the “Revenue Recognition - Schedule of Geographic Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $977.8M$753.4M$694.4M$602.0M$531.3M$442.1M$413.3M$379.0M$389.2M$405.3M
Cost of revenue $187.6M$130.5M$126.6M$94.5M$78.4M$62.1M$75.2M$67.0M$69.2M$65.7M
Gross profit $790.2M$622.9M$567.9M$507.5M$452.9M$380.0M$338.1M$312.0M$320.0M$339.6M
SG&A $108.2M$89.5M$83.2M$77.9M$65.1M$54.0M$53.4M$49.0M$45.7M$46.5M
Total operating expenses $637.0M$498.9M$457.3M$375.4M$336.8M$272.3M$298.0M$244.2M$262.5M$369.3M
Operating income $153.3M$124.0M$110.5M$132.1M$116.1M$107.7M$40.1M$67.8M$57.5M-$29.7M
Interest expense $70.8M$32.0M$30.8M$15.8M$20.0M$10.2M$9.9M$5.1M$4.6M$4.2M
Pre-tax income $81.6M$94.3M$79.7M$117.3M$95.5M$96.6M$28.5M$60.8M$52.5M-$35.3M
Income tax $8.5M$25.8M$9.5M$22.2M$17.1M$16.9M$2.1M$11.1M$23.4M$20.4M
Net income $73.1M$68.4M$70.2M$95.1M$78.4M$79.7M$26.4M$49.7M$29.0M-$55.7M
EPS, basic 1.701.581.622.191.791.780.591.090.60-1.13
EPS, diluted 1.661.541.572.151.761.760.581.080.60-1.13
Shares, diluted (wtd. avg.) 44.0M44.4M44.7M44.2M44.6M45.3M45.3M46.1M48.5M49.5M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $94.8M$118.1M$127.0M$256.3M$155.4M$98.0M$154.3M$105.1M$133.5M$207.0M
Short-term investments ———$0$2.0M$8.0M$19.4M$34.4M$50.1M$42.7M
Receivables $195.8M$163.6M$125.8M$97.8M$99.8M$84.0M$72.8M$59.7M$61.2M$65.7M
Inventory ———$5.0M$3.6M$0————
Total current assets $400.0M$368.8M$330.8M$426.1M$337.8M$238.9M$284.7M$231.5M$263.4M$336.1M
Property, plant and equipment $13.7M$13.7M$15.2M$14.9M$14.3M$29.8M$29.8M$30.7M$42.3M$50.1M
Goodwill $1.31B$1.29B$832.1M$671.0M$671.2M$491.7M$432.8M$315.0M$315.0M$278.1M
Other intangibles $584.0M$723.6M$354.3M$217.4M$287.2M$212.7M$99.4M$58.9M$94.9M$80.8M
Total assets $2.46B$2.53B$1.60B$1.41B$1.36B$1.04B$881.3M$644.1M$718.7M$754.8M
Accounts payable $15.9M$13.9M$12.4M$9.3M$9.7M$10.0M$10.6M$10.6M$9.0M$13.0M
Short-term debt $359.2M$0$13.1M$6.2M$25.8M$18.2M$10.7M$5.8M$5.8M$15.0M
Total current liabilities $809.7M$455.1M$352.1M$318.0M$322.9M$262.5M$240.9M$186.0M$208.0M$203.7M
Long-term debt $1.04B$1.53B$710.9M$611.8M$534.5M$364.3M$284.0M$110.3M$116.1M$120.0M
Retained earnings $127.4M$120.4M$120.9M$101.7M$90.3M$72.5M$64.3M$85.1M$145.2M$195.7M
Total equity $478.3M$438.8M$459.7M$398.5M$412.5M$346.0M$330.3M$324.0M$404.4M$442.7M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $235.2M$211.5M$173.9M$192.2M$178.5M$144.8M$128.5M$121.4M$105.7M$102.8M
Depreciation and amortisation $6.2M$6.4M$6.3M$5.0M$5.5M$6.1M$7.6M$6.9M$7.5M$8.5M
Stock-based compensation $64.8M$46.8M$40.5M$37.1M$29.7M$23.5M$23.3M$20.6M$14.2M$22.5M
Capital expenditure $5.7M$5.2M$5.6M$6.1M$4.7M$6.5M$4.0M$7.2M$3.4M$5.8M
Investing cash flow -$26.9M-$857.9M-$360.4M$22.0M-$250.3M-$207.3M-$208.4M$7.6M-$87.8M-$21.0M
Financing cash flow -$238.4M$640.8M$51.2M-$101.4M$132.1M$3.1M$130.3M-$146.8M-$103.3M-$82.2M
Dividends paid $786.0K$31.5M$31.6M$31.1M$31.6M$29.9M$27.8M$25.8M$24.1M$0
Buybacks $105.2M$86.8M$34.0M$77.0M$35.0M$60.0M$25.0M$120.0M$73.9M$79.2M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000876167-26-000008.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B Revenue, FY2016: 405.3M Gross profit, FY2016: 339.6M Net income, FY2016: -55.7M Revenue, FY2017: 389.2M Gross profit, FY2017: 320M Net income, FY2017: 29M Revenue, FY2018: 379M Gross profit, FY2018: 312M Net income, FY2018: 49.7M Revenue, FY2019: 413.3M Gross profit, FY2019: 338.1M Net income, FY2019: 26.4M Revenue, FY2020: 442.1M Gross profit, FY2020: 380M Net income, FY2020: 79.7M Revenue, FY2021: 531.3M Gross profit, FY2021: 452.9M Net income, FY2021: 78.4M Revenue, FY2022: 602M Gross profit, FY2022: 507.5M Net income, FY2022: 95.1M Revenue, FY2023: 694.4M Gross profit, FY2023: 567.9M Net income, FY2023: 70.2M Revenue, FY2024: 753.4M Gross profit, FY2024: 622.9M Net income, FY2024: 68.4M Revenue, FY2025: 977.8M Gross profit, FY2025: 790.2M Net income, FY2025: 73.1M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $405.3M $389.2M $379.0M $413.3M $442.1M $531.3M $602.0M $694.4M $753.4M $977.8M
Gross profit $339.6M $320.0M $312.0M $338.1M $380.0M $452.9M $507.5M $567.9M $622.9M $790.2M
Net income -$55.7M $29.0M $49.7M $26.4M $79.7M $78.4M $95.1M $70.2M $68.4M $73.1M

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 7372

TickerCompanyMarket capP/ERevenue growth
MSFT MICROSOFT CORP $3.89T 29.2x 17.8%
PLTR Palantir Technologies Inc. $472.16B 312.3x 56.2%
ORCL ORACLE CORP $363.40B 21.6x 17.3%
CRWD CrowdStrike Holdings, Inc. $263.73B — 21.7%
SHOP SHOPIFY INC. $218.48B 179.4x 30.1%
CRM Salesforce, Inc. $204.57B 31.9x 9.6%
NOW ServiceNow, Inc. $164.36B 95.2x 20.9%
NET Cloudflare, Inc. $115.42B — 29.8%