Progress Software (PRGS)
Provides software for application development, digital experiences, infrastructure, and secure collaboration.
$43.60
Pre-market+0.28 (+0.65%)
At close$43.32(−4.20%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Aug 2023 | Q4 FY23Nov 2023 | Q1 FY24Feb 2024 | Q2 FY24May 2024 | Q3 FY24Aug 2024 | Q4 FY24Nov 2024 | Q1 FY25Feb 2025 | Q2 FY25May 2025 | Q3 FY25Aug 2025 | Q4 FY25Nov 2025 | Q1 FY26Feb 2026 | Q2 FY26May 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 175 | 177 | 185 | 175 | 179 | 215 | 238 | 237 | 250 | 253 | 248 | 253 |
| Cost of revenue | 33 | 34 | 33 | 32 | 29 | 37 | 46 | 47 | 48 | 47 | 69 | 45 |
| Gross profit | 142 | 143 | 152 | 143 | 150 | 178 | 192 | 190 | 202 | 206 | 178 | 209 |
| 113 | 121 | 117 | 116 | 109 | 157 | 159 | 151 | 158 | 168 | 129 | 162 | |
| Research & development | 33 | 34 | 35 | 35 | 35 | 41 | 46 | 47 | 49 | 50 | 50 | 49 |
| 59 | 66 | 60 | 60 | 58 | 76 | 77 | 75 | 80 | 87 | 79 | 87 | |
| Selling & marketing | 37 | 7 | 6 | 5 | 37 | 50 | 51 | 8 | 52 | 100 | 52 | 54 |
| General & administrative | 23 | 59 | 54 | 55 | 21 | 26 | 26 | 67 | 28 | −13 | 27 | 32 |
| Other expenses | 20 | 21 | 21 | 21 | 17 | 40 | 36 | 30 | 29 | 31 | 0 | 26 |
| Operating income | 29 | 23 | 35 | 27 | 40 | 22 | 32 | 39 | 44 | 38 | 49 | 47 |
| −8 | −8 | −7 | −7 | −6 | −9 | −19 | −19 | −18 | −16 | −19 | −18 | |
| Interest income | 1 | 1 | 1 | 1 | 2 | 1 | 0 | 0 | 0 | 1 | 0 | 0 |
| Interest expense | 9 | 8 | 7 | 7 | 7 | 11 | 18 | 18 | 18 | 17 | 15 | 16 |
| Other non-operating income | 0 | 0 | 0 | 0 | −1 | −2 | 1 | 1 | 0 | −1 | 4 | 16 |
| Income before tax | 21 | 14 | 28 | 20 | 34 | 12 | 13 | 20 | 26 | 22 | 30 | 29 |
| Income tax expense | 2 | −1 | 5 | 4 | 6 | 11 | 2 | 3 | 7 | −3 | 7 | 8 |
| Net income from continuing operations | 19 | 15 | 23 | 16 | 28 | 1 | 11 | 17 | 19 | 26 | 23 | 21 |
| Net income | 19 | 15 | 23 | 16 | 28 | 1 | 11 | 17 | 19 | 26 | 23 | 21 |
| EPS, basic | $0.44 | $0.35 | $0.52 | $0.37 | $0.66 | $0.03 | $0.25 | $0.40 | $0.45 | $0.60 | $0.54 | $0.50 |
| EPS, diluted | $0.42 | $0.34 | $0.51 | $0.37 | $0.65 | $0.03 | $0.24 | $0.39 | $0.44 | $0.59 | $0.53 | $0.50 |
| Weighted average shares, basic | 43 | 44 | 44 | 43 | 43 | 43 | 43 | 43 | 43 | 43 | 42 | 42 |
| Weighted average shares, diluted | 45 | 45 | 45 | 44 | 44 | 45 | 45 | 44 | 44 | 44 | 43 | 43 |
| EBITDA | 57 | 49 | 62 | 54 | 63 | 51 | 70 | 77 | 83 | 76 | 81 | 47 |
| Depreciation & amortization | 27 | 27 | 27 | 27 | 22 | 27 | 38 | 39 | 39 | 36 | 36 | 16 |
| EBIT | 29 | 22 | 35 | 27 | 41 | 23 | 32 | 38 | 44 | 40 | 46 | 31 |
