Progress Software Corp (PRGS) Financial Statements
Industry: Prepackaged Software (Services)
In fiscal 2025, Progress Software reported revenue of $977.8M, up 29.8% from $753.4M the year before. Net income was $73.1M (a 7.5% net margin), or $1.66 per diluted share. Gross margin was 80.8% and operating margin was 15.7%. Operating activities generated $235.2M of cash, leaving $229.5M of free cash flow. At fiscal year end, Progress Software held $2.46B in total assets against $1.98B in total liabilities, including $94.8M of cash and equivalents.
Open the full interactive Progress Software financials → Quarterly statements, key ratios, valuation history and price charts.
Progress Software Key Stats
| Share Price | $39.41 |
|---|---|
| Market Cap | $1.63B |
| P/E Ratio | 23.7 |
| Dividend Yield | 0.03% |
| Revenue YoY Growth | +29.8% |
| 52-Week Range | $25.09 – $46.87 |
| Shares Outstanding | 41.1 million (basic, 2026 Q3) |
Progress Software Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $442.1M | $531.3M | $602.0M | $694.4M | $753.4M | $977.8M |
| Cost of Goods Sold | $121.5M | — | — | — | — | — |
| Gross Profit | $380.0M | $452.9M | $507.5M | $567.9M | $622.9M | $790.2M |
| Operating Income | $107.7M | $116.1M | $132.1M | $110.5M | $124.0M | $153.3M |
| Pre-Tax Income | $96.6M | $95.5M | $117.3M | $79.7M | $94.3M | $81.6M |
| Income Tax | $16.9M | $17.1M | $22.2M | $9.5M | $25.8M | $8.5M |
| Net Income | $79.7M | $78.4M | $95.1M | $70.2M | $68.4M | $73.1M |
| Diluted EPS | $1.76 | $1.76 | $2.15 | $1.57 | $1.54 | $1.66 |
Progress Software Quarterly Results
| 2025 Q4 | 2026 Q1 | 2026 Q2 | 2026 Q3 | |
|---|---|---|---|---|
| Revenue | $252.7M | $247.8M | $253.5M | $246.0M |
| Net Income | $25.7M | $22.8M | $21.1M | $22.8M |
| Diluted EPS | $0.58 | $0.53 | $0.50 | $0.55 |
Progress Software Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $98.0M | $155.4M | $256.3M | $127.0M | $118.1M | $94.8M |
| Current Assets | $238.9M | $337.8M | $426.1M | $330.8M | $368.8M | $400.0M |
| Total Assets | $1.04B | $1.36B | $1.41B | $1.60B | $2.53B | $2.46B |
| Current Liabilities | $262.5M | $322.9M | $318.0M | $352.1M | $455.1M | $809.7M |
| Total Long-Term Debt | $382.5M | $560.3M | $618.1M | $724.0M | $1.53B | $1.40B |
| Total Liabilities | $695.8M | $951.0M | $1.01B | $1.14B | $2.09B | $1.98B |
| Shareholders' Equity | $346.0M | $412.5M | $398.5M | $459.7M | $438.8M | $478.3M |
Progress Software Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $144.8M | $178.5M | $192.2M | $173.9M | $211.5M | $235.2M |
| Cash From Investing | -$207.3M | -$250.3M | $22.0M | -$360.4M | -$857.9M | -$26.9M |
| Cash From Financing | $3.1M | $132.1M | -$101.4M | $51.2M | $640.8M | -$238.4M |
| Free Cash Flow | $138.3M | $173.9M | $186.1M | $168.3M | $206.3M | $229.5M |
| Dividends Paid | $29.9M | $31.6M | $31.1M | $31.6M | $31.5M | $786,000 |
Figures from Progress Software's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Progress Software financials page for every line item.
Progress Software Company Profile
| Ticker | PRGS |
|---|---|
| Exchange | Nasdaq |
| Industry | Prepackaged Software (Services) |
| Headquarters | Burlington, Massachusetts |
| Incorporated in | Delaware |
| Fiscal Year End | November 30 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000876167 |
Frequently Asked Questions
What was Progress Software's revenue in fiscal 2025?
Progress Software (PRGS) reported revenue of $977.8M for fiscal 2025.
What is Progress Software's annual revenue history?
Progress Software's annual revenue by fiscal year: 2020: $442.1M; 2021: $531.3M; 2022: $602.0M; 2023: $694.4M; 2024: $753.4M; 2025: $977.8M.
What was Progress Software's net income in fiscal 2025?
Progress Software reported net income of $73.1M for fiscal 2025.
What was Progress Software's earnings per share (EPS) in fiscal 2025?
Progress Software's diluted EPS was $1.66 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Progress Software generate in fiscal 2025?
Progress Software generated $229.5M of free cash flow in fiscal 2025.
What was Progress Software's revenue last quarter?
In its most recent reported quarter (2026 Q3), Progress Software reported revenue of $246.0M.
How much debt does Progress Software have?
Progress Software reported $1.40B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Progress Software are outstanding?
Progress Software reported a weighted average of 41.1 million basic shares outstanding in 2026 Q3.
What is Progress Software's market cap?
Based on its latest closing price, Progress Software (PRGS) has a market capitalization of about $1.63B.
When does Progress Software's fiscal year end?
Progress Software's fiscal year end, as registered with the SEC, is November 30.
Where is Progress Software headquartered?
Progress Software lists its business address in Burlington, Massachusetts in its SEC filings.