PRGS
Progress Software Corporation
NASDAQ: PRGS · TECHNOLOGY · SOFTWARE - INFRASTRUCTURE
$27.26
-1.84% today
Updated 2026-04-29
Market cap
$1.17B
P/E ratio
14.24
P/S ratio
1.18x
EPS (TTM)
$1.95
Dividend yield
—
52W range
$24 – $66
Volume
1.2M
Progress Software Corporation (PRGS) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $447.06M | $493.50M | $515.56M | $494.14M | $529.12M | $533.60M | $335.20M | $334.00M | $332.53M | $377.55M | $405.34M | $397.57M | $397.17M | $413.30M | $442.15M | $531.31M | $602.01M | $694.44M | $753.41M | $977.83M |
| Revenue growth (YoY) | — | +10.4% | +4.5% | -4.2% | +7.1% | +0.8% | -37.2% | -0.4% | -0.4% | +13.5% | +7.4% | -1.9% | -0.1% | +4.1% | +7.0% | +20.2% | +13.3% | +15.4% | +8.5% | +29.8% |
| Cost of revenue | $76.79M | $86.76M | $91.89M | $93.20M | $41.15M | $36.78M | $36.31M | $34.98M | $34.26M | $63.74M | $65.71M | $69.16M | $66.97M | $75.24M | $62.11M | $78.45M | $94.50M | $126.58M | $130.48M | $187.58M |
| Gross profit | $370.28M | $406.74M | $423.67M | $400.94M | $310.46M | $296.83M | $281.30M | $299.01M | $298.27M | $313.81M | $339.63M | $320.00M | $312.01M | $338.06M | $380.04M | $452.86M | $507.52M | $567.86M | $622.93M | $790.25M |
| Gross margin | 82.8% | 82.4% | 82.2% | 81.1% | 58.7% | 55.6% | 83.9% | 89.5% | 89.7% | 83.1% | 83.8% | 80.5% | 78.6% | 81.8% | 86.0% | 85.2% | 84.3% | 81.8% | 82.7% | 80.8% |
| R&D | $77.27M | $80.34M | $87.79M | $93.26M | $90.64M | $80.72M | $53.02M | $57.34M | $58.97M | $86.92M | $88.59M | $76.99M | $79.74M | $88.57M | $88.60M | $103.34M | $114.57M | $132.40M | $146.34M | $192.26M |
| SG&A | $242.86M | $253.71M | $258.03M | $59.61M | $51.80M | $62.10M | $62.05M | $55.99M | $48.29M | $57.29M | $46.53M | $47.76M | $50.52M | $53.36M | $54.00M | $65.13M | $77.88M | $83.16M | $89.52M | $108.22M |
| Operating income | $40.94M | $57.22M | $64.38M | $51.13M | $91.48M | $108.71M | $67.79M | $63.74M | $80.74M | $14.75M | $-29.71M | $57.49M | $67.81M | $40.08M | $107.73M | $116.10M | $132.13M | $110.52M | $124.00M | $153.29M |
| Operating margin | 9.2% | 11.6% | 12.5% | 10.3% | 17.3% | 20.4% | 20.2% | 19.1% | 24.3% | 3.9% | -7.3% | 14.5% | 17.1% | 9.7% | 24.4% | 21.9% | 21.9% | 15.9% | 16.5% | 15.7% |
| EBITDA | $67.57M | $84.28M | $101.54M | $97.19M | $155.60M | $147.63M | $106.17M | $77.86M | $93.67M | $57.82M | $8.22M | $99.99M | $110.45M | $95.09M | $141.57M | $168.56M | $207.78M | $110.52M | $229.32M | $159.52M |
| EBITDA margin | 15.1% | 17.1% | 19.7% | 19.7% | 29.4% | 27.7% | 31.7% | 23.3% | 28.2% | 15.3% | 2.0% | 25.2% | 27.8% | 23.0% | 32.0% | 31.7% | 34.5% | 15.9% | 30.4% | 16.3% |
| EBIT | $42.79M | $57.22M | $71.43M | $56.79M | $114.19M | $112.55M | $75.21M | $63.43M | $78.38M | $16.14M | $-31.10M | $57.09M | $65.94M | $38.41M | $106.81M | $115.58M | $133.04M | $110.52M | $126.28M | $153.29M |
| Interest expense | $4.64M | $7.83M | $9.63M | $2.70M | $3.13M | $2.00M | $2.57M | $1.20M | $489000.00 | $3.79M | $4.18M | $4.63M | $5.15M | $9.91M | $10.17M | $20.05M | $15.79M | $30.78M | $32.01M | $70.85M |
| Income tax | $16.18M | $22.77M | $27.71M | $18.43M | $22.86M | $28.94M | $17.44M | $23.01M | $28.35M | $21.16M | $20.45M | $28.17M | $15.49M | $2.10M | $16.91M | $17.11M | $22.19M | $9.46M | $25.83M | $8.49M |
| Effective tax rate | 35.5% | 35.0% | 37.4% | 36.0% | 32.0% | 33.0% | 26.9% | 23.5% | 36.4% | 171.2% | -58.0% | 43.0% | 19.6% | 7.4% | 17.5% | 17.9% | 18.9% | 11.9% | 27.4% | 10.4% |
| Net income | $29.40M | $42.28M | $46.30M | $32.76M | $48.57M | $58.76M | $47.44M | $74.91M | $49.46M | $-8.80M | $-55.73M | $37.42M | $63.49M | $26.40M | $79.72M | $78.42M | $95.07M | $70.20M | $68.44M | $73.13M |
| Net income growth (YoY) | — | +43.8% | +9.5% | -29.2% | +48.3% | +21.0% | -19.3% | +57.9% | -34.0% | -117.8% | -533.2% | +167.1% | +69.7% | -58.4% | +202.0% | -1.6% | +21.2% | -26.2% | -2.5% | +6.9% |
| Profit margin | 6.6% | 8.6% | 9.0% | 6.6% | 9.2% | 11.0% | 14.2% | 22.4% | 14.9% | -2.3% | -13.7% | 9.4% | 16.0% | 6.4% | 18.0% | 14.8% | 15.8% | 10.1% | 9.1% | 7.5% |