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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.
What growth is priced into PRGS stock?
At today's market cap of $1.34B, Progress Software Corporation is priced for free-cash-flow growth of about -9.7% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $229.49M from the FY ending 2025-11-30). For comparison, free cash flow actually grew 10.7%/yr over the last five fiscal years and revenue 17.2%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself 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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Progress Software Corporation financial history by metric
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.
How much debt does Progress Software Corporation have?
As of fiscal year 2025, PRGS carried roughly $1.40B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Progress Software Corporation's gross margin?
PRGS's gross margin was 80.8% in fiscal 2025 — gross profit of $790.25M on revenue of $977.83M.
What is Progress Software Corporation's market cap?
Progress Software Corporation (PRGS) has a market capitalization of about $1.34B, based on the latest data in our nightly-refreshed cache.
When does Progress Software Corporation's fiscal year end?
PRGS's fiscal year ends in November. Its most recent annual filing covers the fiscal year ending 2025-11-30.
What growth is priced into PRGS stock?
At today's market cap of $1.34B, Progress Software Corporation is priced for free-cash-flow growth of about -9.7% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $229.49M from the FY ending 2025-11-30). For comparison, free cash flow actually grew 10.7%/yr over the last five fiscal years and revenue 17.2%/yr, computed from its SEC filings.
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.