
Progress Software Corporation
PRGSNASDAQTechnologySoftware - Infrastructure
Previous close
$44.36
+$1.15 · +2.66%
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
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 websiteProgress 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 / TTMValuation & 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.
Income trends
Revenue
Operating income
Net income
| Metric (USD) | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | 977.83M USD | 753.41M USD | 694.44M USD | 602.01M USD | 531.31M USD |
| Cost of goods sold | 187.58M USD | 130.48M USD | 126.58M USD | 94.5M USD | 78.45M USD |
| Gross profit | 790.25M USD | 622.93M USD | 567.86M USD | 507.52M USD | 452.86M USD |
| Research and development | 192.27M USD | 146.34M USD | 132.4M USD | 114.57M USD | 103.34M USD |
| Selling, general, and administrative | 319.23M USD | 254.09M USD | 239.23M USD | 218.64M USD | 191.02M USD |
| Operating expenses | 636.96M USD | 498.92M USD | 457.34M USD | 375.39M USD | 336.76M USD |
| Interest income | 1.76M USD | 4.73M USD | 2.54M USD | 1.41M USD | 777K USD |
| Interest expense | 70.85M USD | 32.01M USD | 30.78M USD | 15.79M USD | 20.05M USD |
| Depreciation and amortization | 6.23M USD | 103.04M USD | 103.15M USD | 74.73M USD | 52.98M USD |
| Operating income | 153.29M USD | 124M USD | 110.52M USD | 132.13M USD | 116.1M USD |
| Net income | 73.13M USD | 68.44M USD | 70.2M USD | 95.07M USD | 78.42M 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
Revenue: actual versus estimate
Recent quarterly results
Analyst ratings
Third-party consensus; not a GoAI recommendation.
Analyst price target
Average target
$52.50
18.35% upsideRating distribution
13 ratingsPRGS peers
ETFs holding PRGS
Funds reporting this stock among their holdings, ordered by reported position size.
iShares Core S&P Small-Cap ETFIJR109.81M0.10%111.19B USD0.06%$147.31+0.64%
Vanguard Morningstar Total Stock Market ETFVTI54.21M0.00%2.3T USD0.03%$378.24+0.44%
iShares Russell 2000 ETFIWM46.9M0.06%81.62B USD0.19%$299.96+0.77%
Vanguard Information Technology ETFVGT44.04M0.03%160.2B USD0.09%$118.42+0.05%
Vanguard Morningstar Small-Cap ETFVB39.33M0.02%183.4B USD0.03%$304.76+0.64%
Vanguard Morningstar Small-Cap Value ETFVBR24.93M0.04%68.3B USD0.05%$249.18+0.68%
Fidelity Enhanced Small Cap ETFFESM21.95M0.34%6.03B USD0.28%$47.94+0.80%
Vanguard Extended Market ETFVXF19.72M0.02%93.7B USD0.05%$245.53+0.82%
iShares Core S&P Small-Cap ETFIJR- Market value
- 109.81M
- Weight
- 0.10%
- AUM
- 111.19B USD
- Expense ratio
- 0.06%
- Price / 1D
- $147.31+0.64%
Vanguard Morningstar Total Stock Market ETFVTI- Market value
- 54.21M
- Weight
- 0.00%
- AUM
- 2.3T USD
- Expense ratio
- 0.03%
- Price / 1D
- $378.24+0.44%
iShares Russell 2000 ETFIWM- Market value
- 46.9M
- Weight
- 0.06%
- AUM
- 81.62B USD
- Expense ratio
- 0.19%
- Price / 1D
- $299.96+0.77%
Vanguard Information Technology ETFVGT- Market value
- 44.04M
- Weight
- 0.03%
- AUM
- 160.2B USD
- Expense ratio
- 0.09%
- Price / 1D
- $118.42+0.05%
Vanguard Morningstar Small-Cap ETFVB- Market value
- 39.33M
- Weight
- 0.02%
- AUM
- 183.4B USD
- Expense ratio
- 0.03%
- Price / 1D
- $304.76+0.64%
Vanguard Morningstar Small-Cap Value ETFVBR- Market value
- 24.93M
- Weight
- 0.04%
- AUM
- 68.3B USD
- Expense ratio
- 0.05%
- Price / 1D
- $249.18+0.68%
Fidelity Enhanced Small Cap ETFFESM- Market value
- 21.95M
- Weight
- 0.34%
- AUM
- 6.03B USD
- Expense ratio
- 0.28%
- Price / 1D
- $47.94+0.80%
Vanguard Extended Market ETFVXF- Market value
- 19.72M
- Weight
- 0.02%
- AUM
- 93.7B USD
- Expense ratio
- 0.05%
- Price / 1D
- $245.53+0.82%
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