SEC filing · 10-Q

Progress Software Corp: Quarterly report

Progress Software reported a 2% revenue decline in the third quarter of fiscal 2026 but achieved revenue growth and stronger operating cash flow over the nine-month period.

Filed September 30, 2026 · period ended August 31, 2026

Mixed for the company

What the numbers say

Revenue fell 1.5% to $246M versus the same quarter last year (2.9% down on the previous quarter); operating margin widened from 17.6% to 18.9%; diluted EPS $0.55 versus $0.44; cash rose by $10.7M to $113.7M while debt fell by $59.5M; diluted share count down 5.1% (buybacks).

Compared with the same period a year earlier, from the figures Progress Software Corp reported to the SEC.

What happened

Third-quarter revenue decreased by (2)% to $246,005 thousand primarily due to the timing of multiyear subscription renewals.

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Summary generated automatically from the filing text and checked against it: every number above is printed in the document. It describes the filing and is not investment advice. Read the original before relying on it.