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Progress Software Corp (PRGS)

Progress Software Corp brought in $1B of revenue over the twelve months to May 31, 2026, up 15.5% from a year earlier. Net income was $89M, a net margin of 8.9%. Operating cash flow minus capital spending left $229.5M of free cash flow in fiscal 2025. At May 31, 2026 it held $103M in cash against $1.3B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on June 30, 2026.

Revenue (last 12 months)
$1B
+15.5% year on year
Net margin
8.9%

What Progress Software Corp does

Progress Software Corp is registered with the SEC under industry code SIC 7372 (Services-Prepackaged Software). Its shares trade on NASDAQ under the ticker PRGS.

Revenue and profit by year

Revenue
FY18: $379M $379M FY18FY19: $413.3M $413.3M FY19FY20: $442.2M $442.2M FY20FY21: $531.3M $531.3M FY21FY22: $602M $602M FY22FY23: $694.4M $694.4M FY23FY24: $753.4M $753.4M FY24FY25: $977.8M $977.8M FY25
Net income
FY18: $49.7M $49.7M FY18FY19: $26.4M $26.4M FY19FY20: $79.7M $79.7M FY20FY21: $78.4M $78.4M FY21FY22: $95.1M $95.1M FY22FY23: $70.2M $70.2M FY23FY24: $68.4M $68.4M FY24FY25: $73.1M $73.1M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$977.8M$153.3M$73.1M$1.66$229.5M
2024$753.4M$124M$68.4M$1.54$206.3M
2023$694.4M$110.5M$70.2M$1.57$168.4M
2022$602M$132.1M$95.1M$2.15$186.1M
2021$531.3M$116.1M$78.4M$1.76$173.9M
2020$442.2M$107.7M$79.7M$1.76$138.3M

Latest SEC filings

What Progress Software Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. September 22, 2026
  2. July 31, 2026
  3. July 29, 2026
  4. July 22, 2026
  5. June 30, 2026
  6. June 30, 2026
    Quarterly report 10-Q · period to May 31, 2026
  7. June 30, 2026
  8. May 11, 2026
  9. April 30, 2026
  10. April 29, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on August 18, 2026. Insider transactions on SEC

All filings on SEC EDGAR

Questions about PRGS

What does Progress Software Corp do?

Progress Software Corp is registered with the SEC under industry code SIC 7372 (Services-Prepackaged Software). Its shares trade on NASDAQ under the ticker PRGS.

Is Progress Software Corp profitable?

Yes. Over the twelve months to May 31, 2026 it reported net income of $89M on revenue of $1B, a net margin of 8.9%.

How much revenue does Progress Software Corp make?

Over the twelve months to May 31, 2026 Progress Software Corp reported revenue of $1B. That is 15.5% more than a year earlier.

When did Progress Software Corp last report?

Its most recent periodic report is the quarterly report (10-Q) filed on June 30, 2026. It covers the period to May 31, 2026. Its newest filing of any kind is the acquisition or sale completed from September 22, 2026.

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Where the numbers come from

Financial figures are the values Progress Software Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.