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Progress Software Corporation (PRGS)
Technology · Software - Infrastructure · NasdaqGS
Progress Software Corporation revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $405.34M | $397.57M | $378.98M | $413.30M | $442.15M | $531.31M | $610.62M | $698.15M | $753.41M | $977.83M |
| Gross profit | $339.63M | $320.00M | $312.01M | $338.06M | $380.04M | $452.86M | $507.52M | $567.86M | $622.93M | $790.25M |
| Net income | $-55.73M | $29.02M | $49.67M | $26.40M | $79.72M | $78.42M | $95.07M | $70.20M | $68.44M | $73.13M |
| Net margin | -13.7% | 7.3% | 13.1% | 6.4% | 18.0% | 14.8% | 15.6% | 10.1% | 9.1% | 7.5% |
Source: Progress Software Corporation SEC filings (10-K). 18 years of history available in the interactive view.
Explore 18 years of Progress Software Corporation financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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About Progress Software Corporation
Progress Software Corporation provides software products that develops, deploys, and manages artificial intelligence (AI) powered applications and digital experiences in the United States and internationally. The company offers Agentic RAG, a next-generation Agentic Rag-as-a-Service platform; Automate MFT, a cloud-native Software-as-a-Service (SaaS) platform for automated and secure file transfers; Chef, a DevOps/DevSecOps automation software; Corticon, a decision automation platform; DataDirect, a secure data connectivity tools for Relational, NoSQL, Big Data, and SaaS data sources; Developer Tools, such as software development tooling collection, including NET and JavaScript UI components for web, desktop and mobile applications, AI-prompt components, reporting and report management tools, and automated testing and mocking tools; Flowmon, a AI-powered network security and visibility product with automated response across hybrid cloud ecosystems; and Kemp LoadMaster, an application delivery and security product for cloud-native, and virtual and hardware load balancers. It also provides MarkLogic, a data agility platform to connect data and metadata; MOVEit, a managed file transfer software; OpenEdge, an application development platform; Semaphore, a Semantic AI platform; ShareFile, an SaaS-native AI-powered document centric collaboration platform; Sitefinity, a digital experience platform foundation; and WhatsUp Gold, a network infrastructure monitoring software to find and fix network problems. The company offers project management, implementation, custom software development, programming, and other services, as well as web-enable applications, and training services. It sells its products to end users, independent software vendors, original equipment manufacturers, system integrators, value added resellers, and distributors. The company was founded in 1981 and is headquartered in Burlington, Massachusetts.
Progress Software Corporation — frequently asked questions
What is Progress Software Corporation's revenue?
Progress Software Corporation (PRGS) reported revenue of $977.83M for fiscal year 2025, up 29.8% from the prior year, according to its SEC filings.
Is Progress Software Corporation profitable?
Yes. PRGS earned net income of $73.13M in fiscal 2025, a net margin of 7.5%.
What is PRGS's P/E ratio?
Progress Software Corporation trades at a price-to-earnings ratio of about 16.3 based on the latest data in our nightly-refreshed cache.
How fast is Progress Software Corporation growing?
PRGS's revenue grew at roughly 17.2% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
Where does this data come from?
All figures are computed from Progress Software Corporation's official SEC filings (10-K and 10-Q), covering 18 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.