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Progress Software Corporation

NASDAQ•PRGS
CEO: Mr. Yogesh K. Gupta
Sector: Technology
Industry: Software - Application
Listing Date: 1991-07-30
Progress Software Corporation develops, deploys, and manages business applications in the United States and internationally. The company offers OpenEdge, an application development platform for running business-critical applications; Chef, a DevOps/DevSecOps automation software; Developer Tools that consists of software development tooling collection, including .NET and JavaScript UI components for web, desktop and mobile applications, reporting and report management tools, and automated testing and mocking tools; Kemp LoadMaster, an application delivery and security product offering cloud-native, and virtual and hardware load balancers; and Sitefinity, a digital experience platform foundation delivering intelligent and ROI-driving tools for marketers. It also provides MOVEit, a managed file transfer software for managing and controlling the movement of sensitive files and securing them both at-rest and in-transit; DataDirect, a secure data connectivity tools for Relational, NoSQL, Big Data and SaaS data sources; WhatsUp Gold, a network infrastructure monitoring software providing complete visibility of all network devices, servers, virtual machines, and cloud and wireless environments to find and fix network problems; Flowmon, a network security and visibility product with automated response across hybrid cloud ecosystems; Corticon, a decision automation platform to transform user experiences by streamlining and automating complex business rules; MarkLogic, a data agility platform to connect data and metadata; and Semaphore, a Semantic AI platform. The company offers project management, implementation, custom software development, programming, and other services, as well as web-enable applications; and training services. It sells its products to end users, independent software vendors, original equipment manufacturers, system integrators, value added resellers, and distributors. The company was founded in 1981 and is headquartered in Burlington, Massachusetts.
Contact Information
15 Wayside Road, Suite 400, Burlington, MA, 01803, United States
781-280-4000
www.progress.com
Market Cap
$1.69B
P/E (TTM)
23.2
62.2
Dividend Yield
--
52W High
$65.50
52W Low
$34.57
52W Range
16%
Rank21Top 7.6%
6.0
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Strong • 6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$252.67M+17.54%
4-Quarter Trend

EPS

$0.60+2164.15%
4-Quarter Trend

FCF

$59.94M+257.34%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Total Revenue Jumps 30% Total revenue reached $977.8M, reporting 30% growth, primarily driven by ShareFile acquisition completed in late 2024.
Operating Income Rises Sharply Income from operations increased to $153.3M, reflecting strong 23.6% growth compared to prior year results.
SaaS Revenue Explodes SaaS revenue saw massive 546% increase, reflecting successful integration of acquired ShareFile product offerings into recurring revenue base.
Strong Operating Cash Flow Cash generated from operations totaled $235.2M, marking an 11.2% increase year-over-year for the fiscal period.

Risk Factors

Dependency on Key Products Results heavily dependent on OpenEdge and ShareFile product sets; decline in market acceptance materially affects financial condition.
AI Initiative Success Uncertain Failure in integrating AI initiatives or competitors achieving faster adoption could adversely affect business reputation and financial results.
MOVEit Vulnerability Exposure Ongoing class action lawsuits and governmental inquiries related to the MOVEit Vulnerability may result in material financial liability.
Rapid Technology Evolution Failure to develop or acquire new products quickly to leverage AI and meet evolving customer requirements could harm business.

Outlook

Prioritize Accretive M&A Capital allocation policy emphasizes accretive M&A to expand business and drive significant stockholder returns moving forward.
Share Repurchases Continue Intend to continue repurchasing shares to offset dilution; $202.2M remains authorized under current repurchase plan.
Sufficient Liquidity Expected Current cash balances and Credit Facility capacity expected to finance operations and foreseeable cash requirements through next twelve months.
Implementing New Accounting Implementing ASU 2023-07 regarding segment reporting with retrospective application in 2025 annual financial statements.

Peer Comparison

Revenue (TTM)

PLUS stock ticker logoPLUS
$2.36B
+12.6%
TDC stock ticker logoTDC
$1.66B
-5.0%
KC stock ticker logoKC
$1.25B
+25.1%

Gross Margin (Latest Quarter)

ADEA stock ticker logoADEA
92.2%
-0.4pp
DV stock ticker logoDV
82.5%
-0.4pp
NTCT stock ticker logoNTCT
81.6%
+2.1pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
KC$3.31B-23.5-16.4%34.1%
DAVE$2.93B15.073.9%15.4%
TDC$2.65B20.066.4%31.5%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
2.0%
Moderate Growth
4Q Net Income CAGR
33.0%
Profitability Improved
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:Mar 30, 2026
|
EPS:$1.57
|
Revenue:$246.40M
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement
LTM
No Data