For the twelve months ended Aug 31, 2026, Progress Software Corporation reported $999.93M of revenue and $92.41M of net income.
PRGS revenue was $246.00M in fiscal Q3 2026 (ended Aug 31, 2026), down 1.5% from a year earlier and down 2.9% from the prior quarter. For the full fiscal 2025 it was $977.83M, up 29.8% from fiscal 2024. Compound annual growth was +17.2% over 5 years and +10.0% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.
PRGS net income was $22.78M in fiscal Q3 2026 (ended Aug 31, 2026), up 17.3% from a year earlier and up 8.1% from the prior quarter. For the full fiscal 2025 it was $73.13M, up 6.9% from fiscal 2024. Compound annual growth was -1.7% over 5 years. It rose in 4 of the last 8 fiscal years.
PRGS diluted EPS was $0.55 in fiscal Q3 2026 (ended Aug 31, 2026), up 25.0% from a year earlier and up 10.0% from the prior quarter. For the full fiscal 2025 it was $1.66, up 7.8% from fiscal 2024. Compound annual growth was -1.2% over 5 years.
PRGS free cash flow was $86.32M in fiscal Q3 2026 (ended Aug 31, 2026), up 19.2% from a year earlier and up 12.1% from the prior quarter. For the full fiscal 2025 it was $229.49M, up 11.2% from fiscal 2024. Compound annual growth was +10.7% over 5 years and +9.0% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.
| Line item | Nov 30, 2025 | Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | Nov 30, 2019 | Nov 30, 2018 | Nov 30, 2017 | Nov 30, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $977.83M | $753.41M | $694.44M | $602.01M | $531.31M | $442.15M | $413.30M | $378.98M | $389.15M | $405.34M |
| Cost of revenue | $187.58M | $130.48M | $126.58M | $94.50M | $78.45M | $62.11M | $75.24M | $66.97M | $69.16M | $65.71M |
| Gross profit | $790.25M | $622.93M | $567.86M | $507.52M | $452.86M | $380.04M | $338.06M | $312.01M | $320.00M | $339.63M |
| Selling, general and admin | $108.22M | $89.52M | $83.16M | $77.88M | $65.13M | $54.00M | $53.36M | $49.05M | $45.74M | $46.53M |
| Operating income | $153.29M | $124.00M | $110.52M | $132.13M | $116.10M | $107.73M | $40.08M | $67.81M | $57.49M | -$29.71M |
| Interest expense | $70.85M | $32.01M | $30.78M | $15.79M | $20.05M | $10.17M | $9.91M | $5.15M | $4.63M | $4.18M |
| Pre-tax income | $81.63M | $94.26M | $79.66M | $117.25M | $95.53M | $96.64M | $28.50M | $60.80M | $52.46M | -$35.28M |
| Income tax | $8.49M | $25.83M | $9.46M | $22.19M | $17.11M | $16.91M | $2.10M | $11.13M | $23.44M | $20.45M |
| Net income | $73.13M | $68.44M | $70.20M | $95.07M | $78.42M | $79.72M | $26.40M | $49.67M | $29.02M | -$55.73M |
| EPS, basic | $1.70 | $1.58 | $1.62 | $2.19 | $1.79 | $1.78 | $0.59 | $1.09 | $0.60 | -$1.13 |
| EPS, diluted | $1.66 | $1.54 | $1.57 | $2.15 | $1.76 | $1.76 | $0.58 | $1.08 | $0.60 | -$1.13 |
| Diluted shares | 44.0M | 44.4M | 44.7M | 44.2M | 44.6M | 45.3M | 45.3M | 46.1M | 48.5M | 49.5M |
| Line item | Nov 30, 2025 | Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | Nov 30, 2019 | Nov 30, 2018 | Nov 30, 2017 | Nov 30, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $94.81M | $118.08M | $126.96M | $256.28M | $155.41M | $97.99M | $154.26M | $105.13M | $133.46M | $207.04M |
| Short-term investments | - | - | - | $0 | $1.97M | $8.01M | $19.43M | $34.39M | $50.15M | $42.72M |
| Receivables | $195.78M | $163.57M | $125.83M | $97.83M | $99.81M | $84.04M | $72.82M | $59.72M | $61.21M | $65.68M |
| Inventory | - | - | - | $5.04M | $3.55M | $0 | - | - | - | - |
| Current assets | $399.96M | $368.81M | $330.79M | $426.05M | $337.81M | $238.94M | $284.67M | $231.50M | $263.41M | $336.05M |
| Goodwill | $1.31B | $1.29B | $832.10M | $671.04M | $671.15M | $491.73M | $432.82M | $314.99M | $315.04M | $278.07M |
| Total assets | $2.46B | $2.53B | $1.60B | $1.41B | $1.36B | $1.04B | $881.27M | $644.15M | $718.72M | $754.83M |
| Current liabilities | $809.73M | $455.14M | $352.12M | $318.00M | $322.93M | $262.54M | $240.88M | $186.03M | $208.02M | $203.74M |
| Short-term debt | $359.16M | $0 | $13.11M | $6.23M | $25.77M | $18.24M | $10.72M | $5.82M | $5.82M | $15.00M |
| Long-term debt | $1.04B | $1.53B | $710.88M | $611.85M | $534.53M | $364.26M | $284.00M | $110.27M | $116.09M | $120.00M |
| Total debt | $1.40B | $1.53B | $723.99M | $618.08M | $560.29M | $382.50M | $294.72M | $116.09M | $121.91M | $135.00M |
| Shareholders' equity | $478.35M | $438.79M | $459.71M | $398.50M | $412.49M | $346.01M | $330.28M | $324.00M | $404.38M | $442.73M |
| Line item | Nov 30, 2025 | Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | Nov 30, 2019 | Nov 30, 2018 | Nov 30, 2017 | Nov 30, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $235.19M | $211.49M | $173.92M | $192.16M | $178.53M | $144.85M | $128.48M | $121.35M | $105.69M | $102.84M |
| Capital expenditures | $5.70M | $5.21M | $5.57M | $6.09M | $4.65M | $6.52M | $4.00M | $7.25M | $3.38M | $5.79M |
| Free cash flow | $229.49M | $206.29M | $168.35M | $186.07M | $173.88M | $138.33M | $124.49M | $114.10M | $102.31M | $97.06M |
| Investing cash flow | -$26.92M | -$857.91M | -$360.38M | $21.99M | -$250.34M | -$207.29M | -$208.38M | $7.59M | -$87.79M | -$21.00M |
| Financing cash flow | -$238.37M | $640.82M | $51.19M | -$101.42M | $132.11M | $3.08M | $130.29M | -$146.77M | -$103.31M | -$82.19M |
| Dividends paid | $786.0K | $31.46M | $31.55M | $31.06M | $31.56M | $29.90M | $27.76M | $25.79M | $24.13M | $0 |
| Share repurchases | $105.16M | $86.78M | $33.96M | $77.04M | $35.00M | $60.00M | $25.00M | $120.00M | $73.94M | $79.19M |
| Stock-based compensation | $64.77M | $46.76M | $40.53M | $37.09M | $29.72M | $23.48M | $23.31M | $20.57M | $14.15M | $22.54M |
| Depreciation and amortization | $6.20M | $6.40M | $6.30M | $5.00M | $5.50M | $6.10M | $7.60M | $6.90M | $7.50M | $8.50M |
| Line item | Nov 30, 2025 | Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | Nov 30, 2019 | Nov 30, 2018 | Nov 30, 2017 | Nov 30, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 29.8% | 8.5% | 15.4% | 13.3% | 20.2% | 7.0% | 9.1% | -2.6% | -4.0% | 7.4% |
| Net income growth, YoY | 6.9% | -2.5% | -26.2% | 21.2% | -1.6% | 202.0% | -46.8% | 71.2% | - | - |
| EPS growth, YoY | 7.8% | -1.9% | -27.0% | 22.2% | 0.0% | 203.4% | -46.3% | 80.0% | - | - |
| Gross margin | 80.8% | 82.7% | 81.8% | 84.3% | 85.2% | 86.0% | 81.8% | 82.3% | 82.2% | 83.8% |
| Operating margin | 15.7% | 16.5% | 15.9% | 21.9% | 21.9% | 24.4% | 9.7% | 17.9% | 14.8% | -7.3% |
| Net margin | 7.5% | 9.1% | 10.1% | 15.8% | 14.8% | 18.0% | 6.4% | 13.1% | 7.5% | -13.7% |
| Free cash flow margin | 23.5% | 27.4% | 24.2% | 30.9% | 32.7% | 31.3% | 30.1% | 30.1% | 26.3% | 23.9% |
| Return on equity | 15.3% | 15.6% | 15.3% | 23.9% | 19.0% | 23.0% | 8.0% | 15.3% | 7.2% | -12.6% |
| Return on assets | 3.0% | 2.7% | 4.4% | 6.7% | 5.8% | 7.7% | 3.0% | 7.7% | 4.0% | -7.4% |
| Current ratio | 0.49 | 0.81 | 0.94 | 1.34 | 1.05 | 0.91 | 1.18 | 1.24 | 1.27 | 1.65 |
| Debt to equity | 2.93 | 3.48 | 1.57 | 1.55 | 1.36 | 1.11 | 0.89 | 0.36 | 0.30 | 0.30 |
| Line item | Aug 31, 2026 | May 31, 2026 | Feb 28, 2026 | Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $246.00M | $253.47M | $247.80M | $252.67M | $249.79M | $237.35M | $238.01M | $214.96M | $178.69M | $175.08M | $184.69M | $176.97M |
| Cost of revenue | $42.47M | $44.87M | $43.86M | $46.53M | $47.54M | $47.29M | $46.23M | $36.54M | $29.06M | $32.07M | $32.81M | $33.66M |
| Gross profit | $203.54M | $208.59M | $203.94M | $206.14M | $202.26M | $190.07M | $191.78M | $178.42M | $149.62M | $143.01M | $151.88M | $143.31M |
| Selling, general and admin | $26.78M | $32.24M | $26.50M | $28.65M | $28.31M | $25.64M | $25.62M | $25.69M | $20.50M | $21.98M | $21.34M | $22.11M |
| Operating income | $46.55M | $45.20M | $46.47M | $38.37M | $43.87M | $38.62M | $32.43M | $21.50M | $40.35M | $27.15M | $35.01M | $22.54M |
| Interest expense | $16.91M | $15.91M | $15.25M | $16.55M | $17.74M | $18.14M | $18.43M | $10.90M | $6.76M | $7.01M | $7.34M | $7.89M |
| Pre-tax income | $29.53M | $28.84M | $30.29M | $22.26M | $26.21M | $19.86M | $13.30M | $12.25M | $34.28M | $20.13M | $27.61M | $14.17M |
| Income tax | $6.76M | $7.77M | $7.48M | -$3.49M | $6.79M | $2.83M | $2.36M | $11.10M | $5.82M | $3.94M | $4.97M | -$1.16M |
| Net income | $22.78M | $21.07M | $22.81M | $25.75M | $19.41M | $17.03M | $10.95M | $1.15M | $28.46M | $16.19M | $22.64M | $15.34M |
| EPS, basic | $0.55 | $0.50 | $0.54 | $0.60 | $0.45 | $0.40 | $0.25 | $0.03 | $0.66 | $0.37 | $0.52 | $0.35 |
| EPS, diluted | $0.55 | $0.50 | $0.53 | $0.59 | $0.44 | $0.39 | $0.24 | $0.01 | $0.65 | $0.37 | $0.51 | $0.35 |
| Diluted shares | 41.5M | 42.3M | 42.7M | - | 43.7M | 44.2M | 44.9M | - | 43.7M | 44.0M | 44.8M | - |
| Line item | Aug 31, 2026 | May 31, 2026 | Feb 28, 2026 | Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $113.65M | $102.98M | $113.17M | $94.81M | $99.01M | $102.01M | $124.16M | $118.08M | $232.71M | $190.42M | $133.22M | $126.96M |
| Receivables | $118.81M | $125.21M | $147.61M | $195.78M | $151.43M | $140.12M | $126.37M | $163.57M | $87.68M | $82.35M | $88.81M | $125.83M |
| Current assets | $330.00M | $336.50M | $370.14M | $399.96M | $335.55M | $325.65M | $340.68M | $368.81M | $388.56M | $342.98M | $297.26M | $330.79M |
| Goodwill | $1.31B | $1.31B | $1.31B | $1.31B | $1.31B | $1.29B | $1.29B | $1.29B | $832.75M | $832.78M | $832.81M | $832.10M |
| Total assets | $2.30B | $2.35B | $2.39B | $2.46B | $2.42B | $2.41B | $2.46B | $2.53B | $1.62B | $1.59B | $1.55B | $1.60B |
| Current liabilities | $414.63M | $416.04M | $788.12M | $809.73M | $769.81M | $750.27M | $428.54M | $455.14M | $314.91M | $307.22M | $312.21M | $352.12M |
| Short-term debt | $0 | $0 | $359.72M | $359.16M | - | - | - | $0 | $0 | $0 | $0 | $13.11M |
| Long-term debt | $1.23B | $1.29B | $981.66M | $1.04B | $1.06B | $1.10B | - | $1.53B | - | - | - | $710.88M |
| Total debt | $1.23B | $1.29B | $1.34B | $1.40B | $1.06B | $1.10B | $1.51B | $1.53B | - | - | - | $723.99M |
| Shareholders' equity | $529.98M | $506.08M | $498.80M | $478.35M | $477.68M | $452.70M | $431.85M | $438.79M | $425.61M | $401.67M | $461.74M | $459.71M |
| Line item | Aug 31, 2026 | May 31, 2026 | Feb 28, 2026 | Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $88.01M | $78.84M | $98.63M | $62.80M | $73.45M | $30.00M | $68.95M | $19.65M | $57.66M | $63.68M | $70.50M | $33.16M |
| Capital expenditures | $1.70M | $1.86M | $2.71M | $2.86M | $1.05M | $495.0K | $1.29M | $2.88M | $1.06M | $955.0K | $309.0K | $2.39M |
| Free cash flow | $86.32M | $76.97M | $95.92M | $59.94M | $72.39M | $29.50M | $67.66M | $16.77M | $56.59M | $62.73M | $70.19M | $30.77M |
| Investing cash flow | -$1.70M | -$1.86M | -$2.71M | -$3.43M | -$20.51M | -$495.0K | -$2.48M | -$855.58M | -$1.06M | -$955.0K | -$309.0K | -$2.39M |
| Financing cash flow | -$74.27M | -$85.14M | -$78.88M | -$62.59M | -$57.68M | -$59.23M | -$58.87M | $726.10M | -$17.48M | -$5.38M | -$62.41M | -$42.26M |
| Dividends paid | $5.0K | $159.0K | $204.0K | $132.0K | $0 | $295.0K | $359.0K | $7.65M | $7.69M | $7.95M | $8.17M | $7.88M |
| Share repurchases | $16.87M | $34.69M | $20.40M | $40.05M | $15.00M | $20.00M | $30.11M | $0 | $14.33M | $49.95M | $22.50M | $3.96M |
| Stock-based compensation | $16.08M | $20.51M | $18.47M | $17.37M | $15.97M | $16.74M | $14.68M | $11.74M | $10.56M | $11.99M | $12.46M | $10.42M |
| Line item | Aug 31, 2026 | May 31, 2026 | Feb 28, 2026 | Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -1.5% | 6.8% | 4.1% | 17.5% | 39.8% | 35.6% | 28.9% | 21.5% | 2.1% | -1.8% | 12.5% | 12.6% |
| Net income growth, YoY | 17.3% | 23.7% | 108.4% | 2144.6% | -31.8% | 5.2% | -51.6% | -92.5% | 49.0% | 33.9% | -4.4% | -35.3% |
| EPS growth, YoY | 25.0% | 28.2% | 120.8% | - | -32.3% | 5.4% | -52.9% | - | 54.8% | 37.0% | -3.8% | -34.0% |
| Gross margin | 82.7% | 82.3% | 82.3% | 81.6% | 81.0% | 80.1% | 80.6% | 83.0% | 83.7% | 81.7% | 82.2% | 81.0% |
| Operating margin | 18.9% | 17.8% | 18.8% | 15.2% | 17.6% | 16.3% | 13.6% | 10.0% | 22.6% | 15.5% | 19.0% | 12.7% |
| Net margin | 9.3% | 8.3% | 9.2% | 10.2% | 7.8% | 7.2% | 4.6% | 0.5% | 15.9% | 9.2% | 12.3% | 8.7% |
| Free cash flow margin | 35.1% | 30.4% | 38.7% | 23.7% | 29.0% | 12.4% | 28.4% | 7.8% | 31.7% | 35.8% | 38.0% | 17.4% |
| Current ratio | 0.80 | 0.81 | 0.47 | 0.49 | 0.44 | 0.43 | 0.79 | 0.81 | 1.23 | 1.12 | 0.95 | 0.94 |
| Debt to equity | 2.33 | 2.55 | 2.69 | 2.93 | 2.22 | 2.43 | 3.50 | 3.48 | - | - | - | 1.57 |
Source: XBRL data Progress Software Corporation files with the SEC, latest filing dated Sep 30, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
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