Progress Software Corporation (PRGS) Financials
All currency values in $ millions unless otherwise noted
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| Income Statement | TTM | NOV 2025 | NOV 2024 | NOV 2023 | NOV 2022 | NOV 2021 |
|---|---|---|---|---|---|---|
| Revenues | ||||||
| Revenue | $1,000 | $978 | $753 | $694 | $602 | $531 |
| Cost of Revenue | $178 | $188 | $130 | $127 | $94 | $78 |
| Gross Profit | $822 | $790 | $623 | $568 | $508 | $453 |
| Operating Expenses | ||||||
| Selling & Marketing | $215 | $211 | $165 | $156 | $141 | $126 |
| General & Administrative | $114 | $108 | $90 | $83 | $78 | $65 |
| Provision for Doubtful Accounts | $11 | $5 | $1 | $0 | $1 | -$0 |
| Total Operating Expenses | $646 | $637 | $499 | $457 | $375 | $337 |
| Operating Income | $177 | $153 | $124 | $111 | $132 | $116 |
| Non-Operating | ||||||
| Net Interest Expense | -$65 | -$71 | -$32 | -$31 | -$16 | -$20 |
| Other Non-Operating Income (Expense) | -$1 | -$1 | $2 | -$0 | $1 | -$1 |
| EBT (Earnings Before Tax) | $111 | $82 | $94 | $80 | $117 | $96 |
| Income Tax Expense | $19 | $8 | $26 | $9 | $22 | $17 |
| Earnings from Continuing Ops | $92 | $73 | $68 | $70 | $95 | $78 |
| Net Income | ||||||
| Net Income | $92 | $73 | $68 | $70 | $95 | $78 |
| Per Share Data | ||||||
| Revenue Per Share | $24.11 | $22.21 | $16.96 | $15.55 | $13.61 | $11.91 |
| EPS (Basic) | $2.19 | $1.70 | $1.58 | $1.62 | $2.19 | $1.79 |
| EPS (Diluted) | $2.17 | $1.66 | $1.54 | $1.57 | $2.15 | $1.76 |
| Weighted Avg Shares (Basic) | 41.1M | 43.0M | 43.3M | 43.5M | 43.5M | 43.9M |
| Weighted Avg Shares (Diluted) | 41.5M | 44.0M | 44.4M | 44.7M | 44.2M | 44.6M |
| Shares Outstanding | 41.5M | 44.0M | 44.4M | 44.7M | 44.2M | 44.6M |
| Dividends Per Share | $0.01 | $0.02 | $0.53 | $0.70 | $0.70 | $0.70 |
Progress Software (PRGS) financials: revenue, profit and margins
Progress Software (PRGS) generated about $1000 million in revenue and $92 million in net income (a 9.2% net margin) over the trailing twelve months, growing at roughly 17.2% a year. Figures are from SEC filings; this is analysis, not investment advice.
Frequently asked
What is Progress Software's (PRGS) revenue?+
Progress Software generated about $1000 million in revenue over the trailing twelve months. Revenue has grown at roughly 17.2% a year over the past five years. Revenue is the top line, before any costs; what matters for value is how much of it survives to free cash flow. The full income statement, balance sheet and cash-flow statement are on this tab.
Is Progress Software profitable?+
Yes, Progress Software reported about $92 million in net income over the trailing twelve months, a net profit margin of roughly 9.2%. Net income is the bottom line after all costs, interest and taxes. Compare it to free cash flow on this tab, since reported profit and actual cash generated can diverge.
What are Progress Software's profit margins?+
Progress Software runs a gross margin of about 82.2%, an operating margin of about 17.7%, a net margin of about 9.2%. Margins show how much of each sales dollar a company keeps at each stage. Stable or rising margins usually signal pricing power and cost discipline; falling margins are worth investigating. See the multi-year trend on this tab.
How fast is Progress Software growing?+
Progress Software's revenue has compounded at roughly 17.2% a year over the past five years. Growth only creates value when it is profitable and cash-generative, so read this rate alongside PRGS's margins and free cash flow. This is analysis from SEC filings, not investment advice.
SourceFinancial statements computed from the 10-Q filed 28 Sept 2026, covering the period ending 31 Aug 2026, as reported to the SEC. Data last refreshed 14 Oct 2026. How this is calculated.
Fiscal year ends Nov.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.