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Nasdaq · Technology

PROGRESS SOFTWARE CORP /MA (PRGS)

As-reported financials and SEC filings for PROGRESS SOFTWARE CORP /MA. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About PROGRESS SOFTWARE CORP /MA

Progress Software Corporation provides software products that help customers develop, deploy, and manage AI-powered applications and digital experiences. Its product portfolio includes tools for application development, data connectivity, network security, file transfer, and digital experience management. The company serves businesses and government agencies worldwide through direct sales and indirect channels such as independent software vendors, original equipment manufacturers, and value-added resellers.

Snapshot

Revenue
$977.8M
Revenue growth (YoY)
29.8%
Net income
$73.1M
Diluted EPS
$1.66
Gross margin
80.8%
Operating margin
15.7%
Net margin
7.5%
FCF margin
23.5%
ROE
15.3%
net income / fiscal-year-end equity
P/E
21.7×
trailing when available, otherwise FY EPS
Market cap
$1.84B
Long-term debt / equity
2.18×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended November 30, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Progress Software Corp /ma

  • Revenue grew 29.8% to $978M in FY2025, faster than the 8.5% the year before.
  • Operating margin is 15.7% in FY2025, -6.2 pp against 21.9% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $253M, up 6.8% from Q2 FY2025.
  • Free cash flow was $229M in FY2025, 23.5% of revenue.
  • Net income rose 6.9% to $73M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Progress Software Corp /ma’s fundamentals sit among the 332 software companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin80.8%
86th percentile of 264
Operating margin15.7%
79th percentile of 303
Net margin7.5%
63rd percentile of 307
FCF margin23.5%
74th percentile of 285
Revenue growth (YoY)+29.8%
84th percentile of 325
ROE15.3%
73rd percentile of 285
P/E21.7×
42nd percentile of 169
Long-term debt / equity2.18×
87th percentile of 127
Short interest10.74d
96th percentile of 330

Progress Software Corp /ma’s long-term debt to equity of 2.18 ranks in the 87th percentile of the 127 software companies reporting it. Progress Software Corp /ma’s gross margin of 80.8% ranks in the 86th percentile of the 264 software companies reporting it.

No reported insider purchases (code P) in the last 90 days; 4 insider sales totaling $983,925. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 4 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
1
+4 quant / multi-strat
Initiated / added
1
0 new, 1 added
Reduced / exited
4
4 trimmed, 0 exited
Combined position
$40.4M
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ2 2026$35.0M1.0MAdded
Point72 Asset ManagementquantQ2 2026$3.8M113.3KReduced
Gotham Asset ManagementQ2 2026$1.1M31.5KReduced
Two Sigma InvestmentsquantQ2 2026$348,19110.4KReduced
Citadel AdvisorsquantQ2 2026$224,4826.7KReduced

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
4
$984K
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-14
filed 2026-08-18
FOLGER ANTHONYChief Financial OfficerSell2.0K$44.80$90K
2026-07-29
filed 2026-07-30
Jarrett LorenEVP/GM Digital ExperienceSell10.0K$41.63$415K
2026-07-29
filed 2026-07-30
Jarrett LorenEVP/GM Digital ExperienceSell1.8K$41.49$74K
2026-07-01
filed 2026-07-06
Subramanian SundarEVP/GM Infrastructure MgmtSell10.6K$38.27$406K
2026-05-19
filed 2026-05-20
FOLGER ANTHONYChief Financial OfficerSell4.1K$29.05$118K
2026-05-19
filed 2026-05-20
FOLGER ANTHONYChief Financial OfficerSell400$29.96$12K
2026-05-18
filed 2026-05-20
WANG YUFAN STEPHANIEChief Legal OfficerSell3.5K$29.04$102K
2026-05-18
filed 2026-05-20
WANG YUFAN STEPHANIEChief Legal OfficerSell1.5K$28.44$43K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
4.3M
settled 2026-08-14
Change vs prior
-6.5%
vs previous settlement
Days to cover
10.74
at avg daily volume
Avg daily volume
399.1K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-144.3M-6.5%10.74
2026-07-314.6M+8.8%7.57
2026-07-154.2M-5.0%4.41
2026-06-304.4M+15.7%3.92
2026-06-153.8M-9.2%6.33
2026-05-294.2M+0.2%7.05
2026-05-154.2M-1.9%7.47
2026-04-304.3M+9.0%4.05

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$977.8M$753.4M$694.4M$602.0M$531.3M
Gross profit$790.3M$622.9M$567.9M$507.5M$452.9M
Operating income$153.3M$124.0M$110.5M$132.1M$116.1M
Net income$73.1M$68.4M$70.2M$95.1M$78.4M
Diluted EPS$1.66$1.54$1.57$2.15$1.76

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$94.8M$118.1M$127.0M$256.3M$155.4M
Current assets$400.0M$368.8M$330.8M$426.1M$337.8M
Total assets$2.46B$2.53B$1.60B$1.41B$1.36B
Current liabilities$809.7M$455.1M$352.1M$318.0M$322.9M
Long-term debt$1.04B$1.53B$710.9M$611.8M$534.5M
Total liabilities$1.98B$2.09B$1.14B$1.01B$951.0M
Total equity$478.3M$438.8M$459.7M$398.5M$412.5M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$235.2M$211.5M$173.9M$192.2M$178.5M
Capital expenditure$5.7M$5.2M$5.6M$6.1M$4.7M
Free cash flow$229.5M$206.3M$168.3M$186.1M$173.9M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$253.5M6.8%$21.1M$0.50
Q1 FY2026$247.8M4.1%$22.8M$0.53
Q4 FY2025$252.7M17.5%$25.7M$0.59
Q3 FY2025$249.8M39.8%$19.4M$0.44
Q2 FY2025$237.4M35.6%$17.0M$0.39
Q1 FY2025$238.0M28.9%$10.9M$0.24
Q4 FY2024$215.0M21.5%$1.1M$0.03
Q3 FY2024$178.7M2.1%$28.5M$0.65

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorTechnology
SIC industryServices-Prepackaged Software
Latest annual periodFY2025 (ended November 30, 2025)
Latest reported quarterQ2 FY2026 (ended May 31, 2026)
Oldest indexed filing2014
SEC CIK876167

Selected SEC filings

10-K2026-01-20
View on EDGAR →
10-Q2026-06-30
View on EDGAR →
10-Q2026-03-31
View on EDGAR →
8-K2026-07-22
View on EDGAR →
8-K2026-06-30
View on EDGAR →
8-K2026-05-11
View on EDGAR →
8-K2026-03-30
View on EDGAR →

Largest software peers

All software stocksAll Technology companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.