PRGS Stock - Progress Software Corporation
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $753.41M | $694.44M | $602.01M | $531.31M | $442.15M |
| Gross Profit | $622.93M | $567.86M | $507.52M | $452.86M | $380.04M |
| Gross Margin | 82.7% | 81.8% | 84.3% | 85.2% | 86.0% |
| Operating Income | $124.00M | $110.52M | $132.13M | $116.10M | $107.73M |
| Net Income | $68.44M | $70.20M | $95.07M | $78.42M | $79.72M |
| Net Margin | 9.1% | 10.1% | 15.8% | 14.8% | 18.0% |
| EPS | $1.58 | $1.62 | $2.19 | $1.79 | $1.78 |
Progress Software Corporation develops, deploys, and manages business applications. The company offers OpenEdge, a development software, which builds multi-language applications for secure deployment across various platforms and devices, as well as cloud; developer tools that consists of components for user interface development for Web, mobile, desktop, chat, and AR/VR apps, as well as automated application testing and reporting tools; Sitefinity, a web content management and customer analytics platform; Corticon, a business rules management system that provides applications with decision automation and change process, and decision-related insight capabilities. It also offers DataDirect Connect, which provides data connectivity using industry-standard interfaces to connect applications running on various platforms; MOVEit that offers secure collaboration and automated file transfers of critical business information; Chef, an infrastructure automation platform to build, deploy, manage, and secure applications in multi-cloud and hybrid environments, and on-premises; and WhatsUp Gold, a network monitoring solution. In addition, the company provides Kemp LoadMaster, a load balancing solutions; and Kemp Flowmon network performance monitoring and diagnostic solutions that collect and analyze network telemetry from various sources. Further, it provides project management, implementation, custom development, programming, and other services, as well as web-enable applications; and training services. The company sells its products to end users, independent software vendors, original equipment manufacturers, and system integrators. It has operations in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company was founded in 1981 and is headquartered in Burlington, Massachusetts.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 13th 2025 | Citigroup | Upgrade | Buy | $57 |
| March 28th 2024 | DA Davidson | Initiation | Buy | $65 |
| January 24th 2023 | Guggenheim | Resumed | Buy | $60 |
| September 9th 2022 | Jefferies | Initiation | Hold | $52 |
| August 12th 2022 | Guggenheim | Initiation | Buy | $60 |
Earnings History & Surprises
PRGSEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q1 2026 | Mar 30, 2026 | — | — | — | — |
Q1 2026 | Jan 20, 2026 | $1.31 | — | — | — |
Q3 2025 | Sep 29, 2025 | $1.30 | $1.50 | +15.4% | ✓ BEAT |
Q2 2025 | Jun 30, 2025 | $1.30 | $1.40 | +7.7% | ✓ BEAT |
Q1 2025 | Mar 31, 2025 | $1.06 | $1.31 | +23.6% | ✓ BEAT |
Q1 2025 | Jan 21, 2025 | $1.21 | $1.33 | +9.9% | ✓ BEAT |
Q3 2024 | Sep 24, 2024 | $1.14 | $1.26 | +10.5% | ✓ BEAT |
Q2 2024 | Jun 25, 2024 | $0.95 | $1.09 | +14.7% | ✓ BEAT |
Q1 2024 | Mar 26, 2024 | $1.14 | $1.25 | +9.6% | ✓ BEAT |
Q1 2024 | Jan 16, 2024 | $0.91 | $1.02 | +12.1% | ✓ BEAT |
Q3 2023 | Sep 26, 2023 | $1.00 | $1.08 | +8.0% | ✓ BEAT |
Q2 2023 | Jun 29, 2023 | $0.90 | $1.06 | +17.8% | ✓ BEAT |
Q1 2023 | Mar 28, 2023 | $1.04 | $1.19 | +14.4% | ✓ BEAT |
Q1 2023 | Jan 17, 2023 | $1.09 | $1.12 | +2.8% | ✓ BEAT |
Q3 2022 | Sep 27, 2022 | $0.97 | $1.00 | +3.1% | ✓ BEAT |
Q2 2022 | Jun 28, 2022 | $0.95 | $1.04 | +9.5% | ✓ BEAT |
Q1 2022 | Mar 29, 2022 | $0.85 | $0.97 | +14.1% | ✓ BEAT |
Q1 2022 | Jan 18, 2022 | $0.74 | $0.92 | +24.3% | ✓ BEAT |
Q3 2021 | Sep 23, 2021 | $0.83 | $1.18 | +42.2% | ✓ BEAT |
Q2 2021 | Jun 24, 2021 | $0.72 | $0.82 | +13.9% | ✓ BEAT |
Latest News
Progress Software's Agentic RAG Platform Now Available An AWS Marketplace For No-Code Generative AI
📈 PositiveProgress Software rises as Citi upgrades to Buy
📈 PositiveCitigroup Upgrades Progress Software to Buy, Maintains Price Target to $57
📈 PositivePRGS stock has given up its prior gain. Progress Software shares were trading higher after the company reported a Q3 earnings beat and raised FY25 guidance.
➖ NeutralProgress Software shares are trading higher after the company reported a Q3 earnings beat and raised FY25 guidance.
📈 PositiveProgress Software Raises FY2025 GAAP EPS Guidance from $1.27-$1.43 to $1.38-$1.45 vs $1.33 Est; Raises FY2025 Sales Guidance from $962.000M-$974.000M to $975.000M-$981.000M vs $967.236M Est
📈 PositiveProgress Software Raises FY2025 Adj EPS Guidance from $5.28-$5.40 to $5.50-$5.56 vs $5.33 Est; Raises FY2025 Sales Guidance from $962.000M-$974.000M to $975.000M-$981.000M vs $967.236M Est
📈 PositiveProgress Software Sees Q4 GAAP EPS $0.31-$0.37 vs $0.38 Est; Sees Sales $250.000M-$256.000M vs $251.758M Est
📉 NegativeProgress Software Sees Q4 Adj EPS $1.29-$1.35 vs $1.32 Est; Sees Sales $250.000M-$256.000M vs $251.758M Est
➖ NeutralProgress Software Q3 Adj. EPS $1.50 Beats $1.30 Estimate, Sales $249.795M Beat $240.112M Estimate
📈 PositiveFrequently Asked Questions about PRGS
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