Progress Software Corp
PRGS- Exchange
- Nasdaq
- Industry
- Services-Prepackaged Software
- SEC CIK
- 0000876167
In the last 90 days, Progress Software Corp insiders filed 0 open-market purchases and 4 sales; 292 institutions reported holding it in 13F filings for Q2 2026, worth $1.56B in total; no superinvestor holds it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 8, 2026, 11:47 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Nov 30, 2025 | Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 20, 2026 | Jan 21, 2025 | Jan 16, 2024 | Jan 17, 2023 | Jan 18, 2022 |
| Revenue | $977.8M | $753.4M | $694.4M | $602.0M | $531.3M |
| Cost of revenue | $187.6M | $130.5M | $126.6M | $94.5M | $78.4M |
| Gross profit | $790.3M | $622.9M | $567.9M | $507.5M | $452.9M |
| Operating expenses | $637.0M | $498.9M | $457.3M | $375.4M | $336.8M |
| Selling, general and administrative | $108.2M | $89.5M | $83.2M | $77.9M | $65.1M |
| Operating income | $153.3M | $124.0M | $110.5M | $132.1M | $116.1M |
| Interest expense | – | – | $30.8M | $15.8M | $20.0M |
| Income tax | $8.49M | $25.8M | $9.46M | $22.2M | $17.1M |
| Net income | $73.1M | $68.4M | $70.2M | $95.1M | $78.4M |
| EPS, basic | $1.70 | $1.58 | $1.62 | $2.19 | $1.79 |
| EPS, diluted | $1.66 | $1.54 | $1.57 | $2.15 | $1.76 |
| Weighted shares, basic | 43.0M | 43.3M | 43.5M | 43.5M | 43.9M |
| Weighted shares, diluted | 44.0M | 44.4M | 44.7M | 44.2M | 44.6M |
| Margins and growth | |||||
| Gross margin | 80.8% | 82.7% | 81.8% | 84.3% | 85.2% |
| Operating margin | 15.7% | 16.5% | 15.9% | 21.9% | 21.9% |
| Net margin | 7.5% | 9.1% | 10.1% | 15.8% | 14.8% |
| Revenue growth, year over year | +29.8% | +8.5% | +15.4% | +13.3% | +20.2% |
| Net income growth, year over year | +6.9% | −2.5% | −26.2% | +21.2% | −1.6% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Nov 30, 2025 | Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 20, 2026 | Jan 21, 2025 | Jan 16, 2024 | Jan 17, 2023 | Jan 18, 2022 |
| Cash and equivalents | $94.8M | $118.1M | $127.0M | $256.3M | $155.4M |
| Short-term investments | – | – | – | $0 | $1.97M |
| Accounts receivable | $195.8M | $163.6M | $125.8M | $97.8M | $99.8M |
| Inventory | – | – | – | $5.04M | $3.55M |
| Total current assets | $400.0M | $368.8M | $330.8M | $426.1M | $337.8M |
| Property, plant and equipment | $13.7M | $13.7M | $15.2M | $14.9M | $14.3M |
| Goodwill | $1.31B | $1.29B | $832.1M | $671.0M | $671.2M |
| Intangible assets | $584.0M | $723.6M | $354.3M | $217.4M | $287.2M |
| Total assets | $2.46B | $2.53B | $1.60B | $1.41B | $1.36B |
| Accounts payable | $15.9M | $13.9M | $12.4M | $9.28M | $9.68M |
| Short-term debt | $359.2M | $0 | $13.1M | $6.23M | $25.8M |
| Total current liabilities | $809.7M | $455.1M | $352.1M | $318.0M | $322.9M |
| Long-term debt | $1.04B | – | $710.9M | $611.8M | $534.5M |
| Shareholders' equity | $478.3M | $438.8M | $459.7M | $398.5M | $412.5M |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Nov 30, 2025 | Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 20, 2026 | Jan 21, 2025 | Jan 16, 2024 | Jan 17, 2023 | Jan 18, 2022 |
| Operating cash flow | $235.2M | $211.5M | $173.9M | $192.2M | $178.5M |
| Capital expenditures | $5.70M | $5.21M | $5.57M | $6.09M | $4.65M |
| Free cash flow | $229.5M | $206.3M | $168.3M | $186.1M | $173.9M |
| Depreciation and amortization | $6.20M | $6.40M | $6.30M | $5.00M | $5.50M |
| Stock-based compensation | $64.8M | $46.8M | $40.5M | $37.1M | $29.7M |
| Dividends paid | $786.0K | $31.5M | $31.6M | $31.1M | $31.6M |
| Share buybacks | $105.2M | $86.8M | $34.0M | $77.0M | $35.0M |
| Investing cash flow | -$26.9M | -$857.9M | -$360.4M | $22.0M | -$250.3M |
| Financing cash flow | -$238.4M | $640.8M | $51.2M | -$101.4M | $132.1M |
| Net change in cash | -$23.3M | -$8.88M | -$129.3M | $100.9M | $57.4M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 6.6% | 6.2% | 5.8% | 6.2% | 5.6% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Sep 28, 2026 | 40.9M | −4.7% | SEC |
| Jun 26, 2026 | 41.0M | −4.9% | SEC |
| Mar 26, 2026 | 42.1M | −2.2% | SEC |
| Jan 15, 2026 | 42.1M | −2.9% | SEC |
| Sep 25, 2025 | 42.9M | 0.0% | SEC |
| Jun 26, 2025 | 43.1M | +0.8% | SEC |
| Mar 27, 2025 | 43.0M | −0.4% | SEC |
| Jan 14, 2025 | 43.4M | −1.2% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.