logo
Twitter
Discord
Email
logo
Progress Software Corporation

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
$1.81B
P/E (TTM)
37.2
84.7
Dividend Yield
--
52W High
$70.56
52W Low
$40.29
52W Range
6%
6.3
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Strong • 6.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$249.80M+39.80%
4-Quarter Trend

EPS

$0.45-31.82%
4-Quarter Trend

FCF

$72.39M+27.91%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Revenue Growth Post-Acquisition Revenue $725.17M (9 months), up 35% reported, primarily reflecting revenue contribution from ShareFile acquisition.
Gross Profit Improvement Gross Profit $584.11M (9 months), up 31%, partially offset by higher hosting costs post-acquisition.
SaaS Revenue Skyrockets SaaS revenue $213.03M (9 months), showing 1,108% growth due to ShareFile integration into operations.
Cash Position Update Cash balance $99.01M as of August 31, 2025, following $110.0M repayment on revolving credit facility.

Risk Factors

Net Income Declines Nine-month Net Income $47.39M, down 30% due to increased interest expense and operating costs.
Spike in Interest Costs Interest expense $54.30M (9 months), up 157%, driven by debt drawn for ShareFile acquisition funding.
MOVEit Litigation Exposure MOVEit vulnerability litigation remains early stage; management cannot estimate potential loss contingency range.
Slower Collections Noted Days Sales Outstanding increased to 55 days from 45 days due to timing of billings and collections.

Outlook

Capital Allocation Strategy Board suspended dividends to prioritize capital for debt repayment and future strategic M&A activities.
ARR Growth Driven ARR reached $849.0M, showing 47% growth, primarily driven by ShareFile acquisition integration success.
Post-Acquisition Expenses Expect increased amortization and interest expense recognition continuing from recent ShareFile and Nuclia deals.
Sufficient Liquidity Forecast Existing cash balances and credit facility sufficient to cover foreseeable cash requirements for next twelve months.

Peer Comparison

Revenue (TTM)

ePlus inc.PLUS
$2.26B
+6.4%
Teradata CorporationTDC
$1.65B
-8.2%
Kingsoft Cloud Holdings LimitedKC
$1.17B
+20.3%

Gross Margin (Latest Quarter)

DoubleVerify Holdings, Inc.DV
82.5%
+6.3 pp
Dave Inc.DAVE
82.2%
-8.5 pp
Progress Software CorporationPRGS
81.0%
-2.8 pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
KC$2.82B-9.8-36.6%22.7%
DAVE$2.77B18.865.8%0.1%
TDC$2.59B21.768.8%32.5%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
+5.1%
Steady Growth
4Q Net Income CAGR
+156.7%
Profitability Improved
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Aug 31, 2025|Filed: Sep 29, 2025|
    Revenue: $249.80M+39.8%
    |
    EPS: $0.45-31.8%
    Miss
  • Form 10-Q - Q2 2025

    Period End: May 31, 2025|Filed: Jun 30, 2025|
    Revenue: $237.36M+35.6%
    |
    EPS: $0.40+8.1%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Feb 28, 2025|Filed: Mar 31, 2025|
    Revenue: $238.02M+28.9%
    |
    EPS: $0.25-51.9%
    Miss
  • Form 10-K - FY 2024

    Period End: Nov 30, 2024|Filed: Jan 21, 2025|
    Revenue: $753.41M+8.5%
    |
    EPS: $1.58-2.5%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Aug 31, 2024|Filed: Oct 8, 2024|
    Revenue: $178.69M+2.1%
    |
    EPS: $0.66+50.0%
    Miss
  • Form 10-Q - Q2 2024

    Period End: May 31, 2024|Filed: Jul 8, 2024|
    Revenue: $175.08M-1.8%
    |
    EPS: $0.37+32.1%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Feb 29, 2024|Filed: Apr 8, 2024|
    Revenue: $184.69M+12.5%
    |
    EPS: $0.52-5.5%
    Miss
  • Form 10-K - FY 2023

    Period End: Nov 30, 2023|Filed: Jan 26, 2024|
    Revenue: $694.44M+15.4%
    |
    EPS: $1.62-26.0%
    Beat