MARKETS / NASDAQ / PRGS

NASDAQ · SERVICES-PREPACKAGED SOFTWARE · LARGE CAP

Progress Software Corp. PRGS

18 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$977.8M

▲ 29.8% YoY

Net income

$73.1M

▲ 6.9% YoY

Free cash flow

$229.5M

▲ 11.2% YoY

In brief

What this company does

Progress Software Corporation provides software products that enable customers to develop, deploy and manage AI-powered applications and digital experiences. It operates in North America, Latin America, Europe, the Middle East and Africa, and Asia and Australia, through local subsidiaries as well as independent distributors. It operates as a single operating segment, with its Chief Executive Officer serving as its chief operating decision maker. As of November 30, 2025, it had 2,801 employees worldwide, including 932 in sales and marketing, 523 in customer support and services, 1,048 in product development and 298 in administration. Its MOVEit product is managed file transfer software for managing and controlling the movement of sensitive files, providing the ability to secure them both at-rest and in-transit, and meeting compliance requirements. Its OpenEdge product is an application development platform for running business-critical applications that need high-performance, high availability and flexible deployment options for extensibility, scalability, security and performance. Nearly half of its worldwide revenue is realized through relationships with indirect channel partners, principally independent software vendors, original equipment manufacturers, distributors and value-added resellers. It acquired Ipswitch in April 2019, Chef Software in October 2020, Kemp Technologies in November 2021, MarkLogic in February 2023, ShareFile in October 2024 and Nuclia in June 2025.

Written from the business description in PROGRESS SOFTWARE CORP /MA's annual report to the U.S. Securities and Exchange Commission, filed 20 January 2026. Every sentence was checked against that document before publication.

Growth

USD 977.8M

Revenue, FY2025 · full 18-year series below

Revenue $M Net income $M

FY2025 · Revenue 977.8 · Net income 73.1

Compound annual growth

Revenue

+17.5%

+17.2%

+10.0%

+7.1%

Net income

−8.4%

−1.7%

+2.8%

EPS, diluted

−8.3%

−1.2%

+5.6%

Returned to shareholders

−0.7%

+3.3%

+12.4%

+8.9%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +17.2% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

7 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 15.7% · Net 7.5%

ROE

FY2025 · ROE 15.9%

Gross margin80.8%

Operating margin15.7%

Net margin7.5%

Return on assets2.9%

EBITDAUSD 159.5M

Each USD of equity produced 16 cents of profit this year.

Cash & shareholders

USD 105.9M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 229.5

Net buybacks $M Dividends $M

FY2025 · Dividends 0.8 · Net buybacks 105.2

Dividends paidUSD 786,000.00

Net buybacksUSD 105.2M

Share of profit144.9%

Consecutive raises—

USD 786,000.00 in dividends and USD 105.2M in buybacks — 145% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 2.5B

EquityUSD 478.3M

CashUSD 94.8M

Gross debtUSD 1.4B

Net debtUSD 1.3B

Current ratio0.49×

Net debt stands at 273% of equity.

The 18-year record

18 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue $B	1.0	0.8	0.7	0.6	0.5	0.4	0.4	0.4	0.4	0.4	0.4	0.3	0.3	0.3	0.3	0.4	0.5	0.5
Operating income $B	0.2	0.1	0.1	0.1	0.1	0.1	0.0	0.1	0.1	−0.0	0.0	0.1	0.1	0.1	0.1	0.1	0.1	0.1
EBITDA $B	0.2	0.1	0.1	0.1	0.1	0.1	0.0	0.1	0.1	−0.0	0.0	0.1	0.1	0.1	0.1	0.1	0.1	0.1
Income tax $B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net income $B	0.1	0.1	0.1	0.1	0.1	0.1	0.0	0.0	0.0	−0.1	−0.0	0.0	0.1	0.0	0.1	0.0	0.0	0.0
Free cash flow $B	0.2	0.2	0.2	0.2	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.0	0.1	0.1	0.1	0.1	0.1
EPS, diluted $	1.66	1.54	1.57	2.15	1.76	1.76	0.58	1.08	0.60	−1.13	−0.17	0.96	1.35	0.74	0.88	0.73	0.53	0.72
Dividend / sh $	0.00	0.53	0.70	0.70	0.70	0.67	0.63	0.57	0.52	0.12	0.00	0.00	·	·	·	·	·	·
Payout %	1	46	45	33	40	38	105	52	83	−0	−0	·	·	·	·	·	·	·
ROE %	15.9	15.2	16.4	23.4	20.7	23.6	8.1	13.6	6.9	−11.5	−1.7	9.4	13.0	7.5	9.1	7.7	6.3	9.6
Shares out B	0.04	0.04	0.04	0.04	0.04	0.04	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.06	0.06	0.07	0.06	0.06

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 88 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 7 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityServices-Prepackaged Software

Listed onNASDAQ

Incorporated inDelaware

Fiscal year endsNovember 30

Data on record since2008