Progress Software (PRGS)
Nasdaq Market Closed
Progress Software Corporation is an enterprise software company that provides tools for building, deploying, connecting, securing, and managing business applications. The company trades under the symbol PRGS and serves organizations across North America, Latin America, Europe, the Middle East, Africa, and Asia Pacific, with the United States contributing the largest share of revenue.
Progress is best known for a broad portfolio of infrastructure and application-development products used by developers, IT teams, and enterprises. Its offerings include OpenEdge for business application development, DataDirect for data connectivity, Chef for DevOps automation, MOVEit and Automate MFT for managed file transfer, WhatsUp Gold and Flowmon for network monitoring and security, Kemp LoadMaster for application delivery, and Sitefinity for digital experience management. The company also offers products such as MarkLogic, Semaphore, Corticon, ShareFile, and Developer Tools, giving it exposure to data management, content, decision automation, collaboration, and application modernization.
A key feature of Progress is its focus on practical enterprise software rather than a single consumer-facing platform. Many of its products are embedded in mission-critical workflows, where customers value reliability, compliance, secure data movement, and long-term support. This can create recurring revenue opportunities through maintenance, subscriptions, and renewals.
Progress also positions its portfolio for the age of AI-enabled applications. Products such as Progress Agentic RAG reflect demand for tools that help organizations use enterprise data in generative AI and retrieval-augmented workflows. For investors, PRGS represents a mature software business with a diversified product base, global distribution, and exposure to enterprise priorities including automation, cybersecurity, data connectivity, and AI-ready application development.
Last updated
- Market Cap
- 1.43B
- P/E
- 16.86
- P/FCF
- 5.56
- P/S
- 1.45
- Enterprise Value
- 2.66B
- Sector
- Industrials
- Industry
- Prepackaged Software
- Address
- 15 WAYSIDE ROAD, SUITE 400, BURLINGTON, MA, 01803
Progress Agentic RAG Named 2026 AI Excellence Award Winner for Advancing Retrieval-Augmented Generation
Progress Software Makes Its Debut in Digital Experience Platform Evaluation by Independent Research Firm
Progress Software Brings Agentic AI to its Latest Telerik and Kendo UI Release, Transforming How Modern Business Apps Are Built
Carlsmed, Inc. Appoints Jennifer Kamocsay as Chief Legal Officer and Secretary
Progress Software Unveils Breakthrough SaaS RAG Platform Designed to Make Trustworthy and Verifiable Generative AI Accessible Across Organizations of all Sizes
Progress Software Announces Amended Credit Facility
New Progress Semaphore Release Unleashes AI to Drive Smarter Enterprise Knowledge Management
Progress Software Unveils Powerful New ShareFile Features for Accountants to Automate Administrative Tasks and Deliver a Great Client Experience
Application Gateway Market Size to Surpass USD 5.62 Billion by 2032, Owing to Rising Demand for AI-Powered Cybersecurity Solutions and Cloud Integration | SNS Insider
Progress MOVEit Recognized in G2’s Best IT Infrastructure Products List for Third Consecutive Year
Progress to Report First Quarter 2025 Financial Results on March 31, 2025
Progress Appoints Ed Keisling to the Role of Chief AI Officer
Progress Recognized by Gartner® in the 2025 Magic Quadrant™ for Digital Experience Platforms for Fourth Consecutive Year
AI Governance, Power Consumption and Agentic AI: Strategic Insights from the AI Executive Briefing (5th Edition)
Launch of Progress Data Cloud Creates Platform to Accelerate AI Strategies and Digital Transformation
Progress Once Again Honored as a Top Place to Work and Socially Responsible Organization by Prestigious Publications Including The Boston Globe and Newsweek
Progress ShareFile Selected as the Latest Addition to the American Institute of CPAs (AICPA) Member Discount Program, Offering Benefits for AICPA Members
Progress and emt Distribution Celebrate 10th Anniversary of Successful Partnership
Company News for Jun 27, 2024
Progress Software (PRGS) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
- Market Cap
Market cap is the total value of a company's shares, calculated by multiplying the stock price by the number of shares outstanding.
- 1.43B
- Enterprise Value
Enterprise value is the total value of a company, including its market cap, debt, and cash.
- 2.66B
- P/E
P/E ratio compares a company's share price to its earnings per share.
- 16.86
- P/B
P/B ratio compares a company's share price to its book value per share.
- 2.87
- P/S
P/S ratio compares a company's share price to its revenue per share.
- 1.45
- EV / EBITDA
EV/EBITDA measures a company's value compared to its earnings before interest, taxes, depreciation, and amortization.
- 8.13
- EV / Sales
EV/Sales measures a company's value compared to its total revenue.
- 2.69
- EPS
- 2.02
- Dividend Yield
Dividend yield shows how much a company pays in dividends each year compared to its share price.
- 0.04%
- P/FCF
Price-to-free-cash-flow ratio compares a company's share price to the cash it generates after expenses and investments.
- 5.56
- P/CF
P/CF ratio compares a company's share price to the cash flow it generates from its operations.
- 5.41
- Free Cash Flow
Free cash flow is the cash a company has left after covering operating costs and capital expenses.
- 257.75M
- ROE
ROE measures how effectively a company uses shareholders' equity to generate profit.
- 17.04%
- ROA
ROA measures how effectively a company uses its assets to generate profit.
- 3.55%
- Debt / Equity
Debt-to-equity ratio compares a company's total debt to its shareholders' equity.
- 2.69
- Current Ratio
Current ratio measures a company's ability to pay short-term debts using its short-term assets.
- 0.47
- Quick Ratio
Quick ratio measures a company's ability to pay short-term debts using cash and other easily available assets.
- 0.47
- Cash
Cash ratio measures a company's ability to cover short-term debts using only cash and cash equivalents.
- 0.14
- Avg Volume
Average volume shows the average number of shares traded over the last 30 trading days, helping indicate liquidity.
- 704.12K
- Fundamentals Snapshot Price
Fundamentals snapshot price is the stock price used when calculating the company's financial ratios and metrics.
- 34.05
Income Statement
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Revenue | 247.8M | 252.67M | 249.8M | 237.36M | 238.02M |
| Gross profit | 203.94M | 206.14M | 202.26M | 190.07M | 191.78M |
| Operating income | 46.47M | 38.37M | 43.87M | 38.62M | 32.43M |
| EBITDA | 83.85M | 78.68M | 84.68M | 79.94M | 80.15M |
| Net income | 22.81M | 25.75M | 19.41M | 17.03M | 10.95M |
| Basic EPS | 0.54 | 0.6 | 0.45 | 0.4 | 0.25 |
| Diluted EPS | 0.53 | 0.59 | 0.44 | 0.39 | 0.24 |
Balance Sheet
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Total assets | 2.39B | 2.46B | 2.42B | 2.41B | 2.46B |
| Total liabilities | 1.9B | 1.98B | 1.94B | 1.96B | 2.03B |
| Total equity | 498.8M | 478.35M | 477.68M | 452.7M | 431.85M |
| Cash & equivalents | 113.17M | 94.81M | 99.01M | 102.01M | 124.16M |
| Current assets | 370.14M | 399.97M | 335.55M | 325.65M | 340.68M |
| Current liabilities | 788.12M | 809.73M | 769.81M | 750.27M | 428.54M |
Cash Flow
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Operating cash flow | 98.63M | 62.8M | 73.45M | 30M | 68.95M |
| Investing cash flow | -2.71M | -3.43M | -20.51M | -495K | -2.49M |
| Financing cash flow | -78.88M | -62.59M | -57.68M | -59.23M | -58.87M |
| Change in cash | 18.36M | -4.2M | -3M | -22.16M | 6.08M |
| Kind | Filing | Date | Link |
|---|---|---|---|
| edgar index | 4 — PROGRESS SOFTWARE CORP /MA | View Filing | |
| edgar index | 4 — PROGRESS SOFTWARE CORP /MA | View Filing | |
| edgar index | 144 — PROGRESS SOFTWARE CORP /MA | View Filing | |
| form 4 | Form 4 — FOLGER ANTHONY | View Filing | |
| form 4 | Form 4 — FOLGER ANTHONY | View Filing | |
| edgar index | 144 — PROGRESS SOFTWARE CORP /MA | View Filing | |
| form 4 | Form 4 — WANG YUFAN STEPHANIE | View Filing | |
| form 4 | Form 4 — WANG YUFAN STEPHANIE | View Filing | |
| edgar index | 8-K — PROGRESS SOFTWARE CORP /MA | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | SCHEDULE 13G — PROGRESS SOFTWARE CORP /MA | View Filing | |
| edgar index | 144 — PROGRESS SOFTWARE CORP /MA | View Filing | |
| edgar index | 4 — PROGRESS SOFTWARE CORP /MA | View Filing | |
| edgar index | 4 — PROGRESS SOFTWARE CORP /MA | View Filing | |
| edgar index | 4 — PROGRESS SOFTWARE CORP /MA | View Filing | |
| edgar index | 4 — PROGRESS SOFTWARE CORP /MA | View Filing | |
| edgar index | 4 — PROGRESS SOFTWARE CORP /MA | View Filing | |
| edgar index | 4 — PROGRESS SOFTWARE CORP /MA | View Filing | |
| edgar index | 4 — PROGRESS SOFTWARE CORP /MA | View Filing | |
| form 4 | Form 4 — WANG YUFAN STEPHANIE | View Filing | |
| form 4 | Form 4 — WANG YUFAN STEPHANIE | View Filing | |
| form 4 | Form 4 — WANG YUFAN STEPHANIE | View Filing | |
| form 4 | Form 4 — WANG YUFAN STEPHANIE | View Filing | |
| form 4 | Form 4 — WANG YUFAN STEPHANIE | View Filing | |
| form 4 | Form 4 — WANG YUFAN STEPHANIE | View Filing | |
| form 4 | Form 4 — WANG YUFAN STEPHANIE | View Filing | |
| form 4 | Form 4 — WANG YUFAN STEPHANIE | View Filing | |
| form 4 | Form 4 — WANG YUFAN STEPHANIE | View Filing | |
| form 4 | Form 4 — LoCoco Domenic | View Filing | |
| form 4 | Form 4 — LoCoco Domenic | View Filing | |
| form 4 | Form 4 — LoCoco Domenic | View Filing | |
| form 4 | Form 4 — LoCoco Domenic | View Filing | |
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| form 4 | Form 4 — LoCoco Domenic | View Filing | |
| form 4 | Form 4 — LoCoco Domenic | View Filing | |
| form 4 | Form 4 — LoCoco Domenic | View Filing | |
| form 4 | Form 4 — Subramanian Sundar | View Filing | |
| form 4 | Form 4 — Subramanian Sundar | View Filing | |
| form 4 | Form 4 — Subramanian Sundar | View Filing | |
| form 4 | Form 4 — Subramanian Sundar | View Filing | |
| form 4 | Form 4 — Subramanian Sundar | View Filing | |
| form 4 | Form 4 — Subramanian Sundar | View Filing | |
| form 4 | Form 4 — Subramanian Sundar | View Filing | |
| form 4 | Form 4 — Subramanian Sundar | View Filing | |
| form 4 | Form 4 — Subramanian Sundar | View Filing | |
| form 4 | Form 4 — Jarrett Loren | View Filing | |
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| form 4 | Form 4 — Jarrett Loren | View Filing | |
| form 4 | Form 4 — Jarrett Loren | View Filing | |
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| form 4 | Form 4 — Gupta Yogesh K | View Filing | |
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| form 4 | Form 4 — Gupta Yogesh K | View Filing | |
| form 4 | Form 4 — Gupta Yogesh K | View Filing | |
| form 4 | Form 4 — Gupta Yogesh K | View Filing | |
| form 4 | Form 4 — Gupta Yogesh K | View Filing | |
| form 4 | Form 4 — Gupta Yogesh K | View Filing | |
| form 4 | Form 4 — Gupta Yogesh K | View Filing | |
| form 4 | Form 4 — FOLGER ANTHONY | View Filing | |
| form 4 | Form 4 — FOLGER ANTHONY | View Filing | |
| form 4 | Form 4 — FOLGER ANTHONY | View Filing | |
| form 4 | Form 4 — FOLGER ANTHONY | View Filing | |
| form 4 | Form 4 — FOLGER ANTHONY | View Filing | |
| form 4 | Form 4 — FOLGER ANTHONY | View Filing | |
| form 4 | Form 4 — FOLGER ANTHONY | View Filing | |
| form 4 | Form 4 — FOLGER ANTHONY | View Filing | |
| form 4 | Form 4 — FOLGER ANTHONY | View Filing | |
| form 4 | Form 4 — Ainsworth John | View Filing | |
| form 4 | Form 4 — Ainsworth John | View Filing |