
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
Market Cap
$1.81B
P/E (TTM)
37.2
84.7
Dividend Yield
--
52W High
$70.56
52W Low
$40.29
52W Range
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)
PLUS$2.26B
TDC$1.65B
$1.17B
Gross Margin (Latest Quarter)
DV82.5%
82.2%
PRGS81.0%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| KC | $2.82B | -9.8 | -36.6% | 22.7% |
| DAVE | $2.77B | 18.8 | 65.8% | 0.1% |
| TDC | $2.59B | 21.7 | 68.8% | 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%MissForm 10-Q - Q2 2025
Period End: May 31, 2025|Filed: Jun 30, 2025|Revenue: $237.36M+35.6%|EPS: $0.40+8.1%MissForm 10-Q - Q1 2025
Period End: Feb 28, 2025|Filed: Mar 31, 2025|Revenue: $238.02M+28.9%|EPS: $0.25-51.9%MissForm 10-K - FY 2024
Period End: Nov 30, 2024|Filed: Jan 21, 2025|Revenue: $753.41M+8.5%|EPS: $1.58-2.5%BeatForm 10-Q - Q3 2024
Period End: Aug 31, 2024|Filed: Oct 8, 2024|Revenue: $178.69M+2.1%|EPS: $0.66+50.0%MissForm 10-Q - Q2 2024
Period End: May 31, 2024|Filed: Jul 8, 2024|Revenue: $175.08M-1.8%|EPS: $0.37+32.1%MissForm 10-Q - Q1 2024
Period End: Feb 29, 2024|Filed: Apr 8, 2024|Revenue: $184.69M+12.5%|EPS: $0.52-5.5%MissForm 10-K - FY 2023
Period End: Nov 30, 2023|Filed: Jan 26, 2024|Revenue: $694.44M+15.4%|EPS: $1.62-26.0%Beat