Progress Software Corporation logo

Progress Software Corporation

PRGS

NASDAQTechnologySoftware - Infrastructure

Previous close

$44.36

+$1.15 · +2.66%

Aug 21, 4:00 PM ET

Pre-market

$44.36

$0.00 · 0.00%

Aug 24, 7:53 AM ET

PRGS company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

95

Deep Value

Momentum

47

Neutral

Sentiment

53

Mixed

Risk resilience

48

Elevated Risk

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Company profile

Company website

Progress Software Corporation (PRGS) specializes in providing technology solutions that enable businesses to create, launch, and oversee their software applications. The company's extensive product suite includes: OpenEdge, a powerful development platform used to construct secure, multi-language applications that can be deployed across diverse platforms, devices, and cloud infrastructures. A comprehensive set of developer tools offering user interface (UI) components for building web, mobile, desktop, chat, and augmented/virtual reality (AR/VR) applications, alongside automated testing and reporting utilities. Sitefinity, which serves as a unified platform for managing web content and performing in-depth customer analytics. Corticon, a business rules management system designed to infuse applications with decision automation, efficient change processes, and valuable insights. DataDirect Connect, ensuring seamless data connectivity between applications running on various platforms through industry-standard interfaces. MOVEit, a solution facilitating secure collaboration and the automated transfer of vital business information. Chef, an infrastructure automation platform that aids in the building, deployment, management, and security of applications across multi-cloud, hybrid, and on-premises environments. WhatsUp Gold, a dedicated tool for network monitoring. Kemp LoadMaster, offering crucial load balancing solutions. Kemp Flowmon, providing network performance monitoring and diagnostic capabilities by gathering and analyzing network telemetry data from multiple sources. Beyond its software offerings, Progress also delivers a range of services such as project management, implementation support, custom development, programming, web application enablement, and specialized training. The company markets its products to a broad customer base, including direct end-users, independent software vendors (ISVs), original equipment manufacturers (OEMs), and system integrators. Progress Software operates globally, with a presence across the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific region. Founded in 1981, its corporate headquarters are located in Burlington, Massachusetts.

Industry
Software - Infrastructure
Sector
Technology
Headquarters
US
CEO
Yogesh K. Gupta
Listed since
Jul 30, 1991
Employees
2,801

Market position

Day range

Current $44.36

52-week range

Current $44.36

Open
$43.095
Previous close
$43.21
Volume
439.97K
0.61× average
Average volume
726.29K
Average daily volume
Market cap
1.82B USD
Beta
0.81
Market reference 1
50-day average
$38.1552
+16.26% above average
200-day average
$36.8741
+20.30% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
2.56B USD
P/E (TTM)
21.22×
P/B (TTM)
3.68×
P/S (TTM)
1.81×
EV / EBITDA
16.13×
Earnings yield
4.05%
Free cash flow yield
12.72%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
79.24%
Operating margin
17.79%
Net margin
8.87%
Return on equity
15.29%
Return on assets
2.98%
Return on invested capital
8.29%

Financial health

Debt / equity
2.62×
Current ratio
0.49×
Altman Z-score
1.28
Piotroski F-score
8 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends93%62%31%-0%Gross margin, FY2021: 85.23%Gross margin, FY2022: 84.30%Gross margin, FY2023: 81.77%Gross margin, FY2024: 82.68%Gross margin, FY2025: 80.82%Operating margin, FY2021: 21.85%Operating margin, FY2022: 21.95%Operating margin, FY2023: 15.92%Operating margin, FY2024: 16.46%Operating margin, FY2025: 15.68%Net margin, FY2021: 14.76%Net margin, FY2022: 15.79%Net margin, FY2023: 10.11%Net margin, FY2024: 9.08%Net margin, FY2025: 7.48%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 85.23%. Gross margin FY2022 84.30%. Gross margin FY2023 81.77%. Gross margin FY2024 82.68%. Gross margin FY2025 80.82%. Operating margin FY2021 21.85%. Operating margin FY2022 21.95%. Operating margin FY2023 15.92%. Operating margin FY2024 16.46%. Operating margin FY2025 15.68%. Net margin FY2021 14.76%. Net margin FY2022 15.79%. Net margin FY2023 10.11%. Net margin FY2024 9.08%. Net margin FY2025 7.48%.

Income trends

Revenue

977.83M USD+29.79%

Operating income

153.29M USD+23.62%

Net income

73.13M USD+6.86%
Income trends across reported periods1.07B USD705.01M USD341.26M USD−22.5M USDRevenue, FY2021: 531.31M USDRevenue, FY2022: 602.01M USDRevenue, FY2023: 694.44M USDRevenue, FY2024: 753.41M USDRevenue, FY2025: 977.83M USDOperating income, FY2021: 116.1M USDOperating income, FY2022: 132.13M USDOperating income, FY2023: 110.52M USDOperating income, FY2024: 124M USDOperating income, FY2025: 153.29M USDNet income, FY2021: 78.42M USDNet income, FY2022: 95.07M USDNet income, FY2023: 70.2M USDNet income, FY2024: 68.44M USDNet income, FY2025: 73.13M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 531.31M USD. Revenue FY2022 602.01M USD. Revenue FY2023 694.44M USD. Revenue FY2024 753.41M USD. Revenue FY2025 977.83M USD. Operating income FY2021 116.1M USD. Operating income FY2022 132.13M USD. Operating income FY2023 110.52M USD. Operating income FY2024 124M USD. Operating income FY2025 153.29M USD. Net income FY2021 78.42M USD. Net income FY2022 95.07M USD. Net income FY2023 70.2M USD. Net income FY2024 68.44M USD. Net income FY2025 73.13M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue977.83M USD753.41M USD694.44M USD602.01M USD531.31M USD
Cost of goods sold187.58M USD130.48M USD126.58M USD94.5M USD78.45M USD
Gross profit790.25M USD622.93M USD567.86M USD507.52M USD452.86M USD
Research and development192.27M USD146.34M USD132.4M USD114.57M USD103.34M USD
Selling, general, and administrative319.23M USD254.09M USD239.23M USD218.64M USD191.02M USD
Operating expenses636.96M USD498.92M USD457.34M USD375.39M USD336.76M USD
Interest income1.76M USD4.73M USD2.54M USD1.41M USD777K USD
Interest expense70.85M USD32.01M USD30.78M USD15.79M USD20.05M USD
Depreciation and amortization6.23M USD103.04M USD103.15M USD74.73M USD52.98M USD
Operating income153.29M USD124M USD110.52M USD132.13M USD116.1M USD
Net income73.13M USD68.44M USD70.2M USD95.07M USD78.42M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
100%
11 beats, 0 misses, 0 met estimates
Average EPS surprise
+11.77%
11 comparable reports
Latest EPS result
1.62
Estimate 1.49 · Beat by 8.72%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.681.451.231Q1 '25BeatQ1 '25BeatQ2 '25BeatQ3 '25BeatQ1 '26BeatQ1 '26BeatQ2 '26BeatQ3 '26Estimate
Q1 2025, reported Jan 21, 2025: actual 1.33, estimate 1.21, surprise +9.92%, Beat. Q1 2025, reported Mar 31, 2025: actual 1.31, estimate 1.06, surprise +23.58%, Beat. Q2 2025, reported Jun 30, 2025: actual 1.4, estimate 1.3, surprise +7.69%, Beat. Q3 2025, reported Sep 29, 2025: actual 1.5, estimate 1.3, surprise +15.38%, Beat. Q1 2026, reported Jan 20, 2026: actual 1.51, estimate 1.31, surprise +15.27%, Beat. Q1 2026, reported Mar 30, 2026: actual 1.6, estimate 1.57, surprise +1.91%, Beat. Q2 2026, reported Jun 30, 2026: actual 1.62, estimate 1.49, surprise +8.72%, Beat. Q3 2026, reported Sep 28, 2026: actual —, estimate 1.49, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates263.05M243.64M224.24M204.84MQ1 '25MissQ1 '25BeatQ2 '25MissQ3 '25BeatQ1 '26MissQ1 '26BeatQ2 '26MissQ3 '26Estimate
Q1 2025, reported Jan 21, 2025: actual 214.96M USD, estimate 235.84M USD, surprise -8.85%, Miss. Q1 2025, reported Mar 31, 2025: actual 238.02M USD, estimate 235.63M USD, surprise +1.01%, Beat. Q2 2025, reported Jun 30, 2025: actual 237.36M USD, estimate 239.98M USD, surprise -1.09%, Miss. Q3 2025, reported Sep 29, 2025: actual 249.8M USD, estimate 240.11M USD, surprise +4.03%, Beat. Q1 2026, reported Jan 20, 2026: actual 252.67M USD, estimate 252.93M USD, surprise -0.10%, Miss. Q1 2026, reported Mar 30, 2026: actual 247.8M USD, estimate 246.41M USD, surprise +0.56%, Beat. Q2 2026, reported Jun 30, 2026: actual 237.36M USD, estimate 242.74M USD, surprise -2.22%, Miss. Q3 2026, reported Sep 28, 2026: actual —, estimate 246.72M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$52.50

18.35% upside
Past 12 months12-month forecastHigh $55.00Average $52.50Low $50.00

Rating distribution

13 ratings
Strong buy00%
Buy754%
Hold538%
Sell18%
Strong sell00%

PRGS peers

ETFs holding PRGS

Funds reporting this stock among their holdings, ordered by reported position size.

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