Revenue
$977.83M
Fiscal year ended 2025-11-30Operating income
$153.29M
Fiscal year ended 2025-11-30Free cash flow
$229.48M
Fiscal year ended 2025-11-30PROGRESS SOFTWARE CORP /MA (PRGS) reported revenue of $977.83M and net income of $73.13M for the fiscal year ended 2025-11-30. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from PROGRESS SOFTWARE CORP /MA’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Services-Prepackaged Software.
Income
| Metric | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 | 2018-11-30 | 2017-11-30 | 2016-11-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Operating income | $153.29M | $124.00M | $110.52M | $132.13M | $116.10M | $107.73M | $40.08M | $67.81M | $57.49M | -$29.71M |
| Net income | $73.13M | $68.44M | $70.20M | $95.07M | $78.42M | $79.72M | $26.40M | $49.67M | $29.02M | -$55.73M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 44.02M | shares 44.43M | shares 44.66M | shares 44.25M | shares 44.62M | shares 45.32M | shares 45.34M | shares 46.14M | shares 48.52M | shares 49.48M |
| Pretax income | $81.63M | $94.26M | $79.66M | $117.26M | $95.53M | $96.64M | $28.50M | $60.80M | $52.46M | -$35.28M |
| Income tax expense | $8.50M | $25.83M | $9.46M | $22.19M | $17.11M | $16.91M | $2.10M | $11.13M | $23.44M | $20.45M |
| Diluted EPS | $1.66 | $1.54 | $1.57 | $2.15 | $1.76 | $1.76 | $0.58 | $1.08 | $0.60 | $-1.13 |
| Selling, general & administrative | $319.23M | $254.09M | $239.23M | $218.64M | $191.02M | $154.12M | $155.06M | $142.09M | $146.79M | $168.03M |
| General & administrative | $108.22M | $89.52M | $83.16M | $77.88M | $65.13M | $54.00M | $53.36M | $49.05M | $45.74M | $46.53M |
| Selling & marketing | $211.01M | $164.57M | $156.08M | $140.76M | $125.89M | $100.11M | $101.70M | $93.04M | $101.05M | $121.50M |
Balance
| Metric | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 | 2018-11-30 | 2017-11-30 | 2016-11-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $94.81M | $118.08M | $126.96M | $256.28M | $155.41M | $97.99M | $154.26M | $105.13M | $133.46M | $133.46M |
| Total assets | $2.46B | $2.53B | $1.60B | $1.41B | $1.36B | $1.04B | $881.27M | $644.15M | $718.72M | $754.83M |
| Current assets | $399.96M | $368.81M | $330.79M | $426.05M | $337.81M | $238.94M | $284.66M | $231.50M | $263.41M | $336.05M |
| Total liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Current liabilities | $809.73M | $455.14M | $352.12M | $318.00M | $322.93M | $262.54M | $240.88M | $186.03M | $208.02M | $203.74M |
| Total equity incl. NCI | $478.35M | $438.79M | $459.72M | $398.50M | $412.49M | $346.01M | $330.28M | $324.00M | $404.38M | $442.73M |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | Unavailable | Unavailable | Unavailable | $5.04M | $3.55M | $0 | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | $195.78M | $163.58M | $125.82M | $97.83M | $99.82M | $84.04M | $72.82M | $59.72M | $61.21M | $65.68M |
| Goodwill | $1.31B | $1.29B | $832.10M | $671.04M | $671.15M | $491.73M | $432.82M | $314.99M | $315.04M | $278.07M |
| Long-term debt | $1.04B | $1.53B | $710.88M | $611.84M | $534.53M | $364.26M | $284.00M | $110.27M | $116.09M | $120.00M |
| Accounts payable | $15.93M | $13.91M | $12.37M | $9.28M | $9.68M | $9.98M | $10.60M | $10.59M | $9.00M | $12.99M |
Cash flow
| Metric | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 | 2018-11-30 | 2017-11-30 | 2016-11-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Net change in cash | -$23.27M | -$8.88M | -$129.32M | $100.87M | $57.42M | -$56.27M | $49.13M | -$28.34M | -$73.57M | -$5.34M |
| Stock-based compensation | $64.77M | $46.76M | $40.53M | $37.09M | $29.72M | $23.48M | $23.31M | $20.57M | $14.15M | $22.54M |
| Common dividends paid | $786.00K | $31.46M | $31.55M | $31.06M | $31.56M | $29.90M | $27.76M | $25.79M | $24.13M | $0 |
| Common share repurchases | $105.16M | $86.78M | $33.96M | $77.04M | $35.00M | $60.00M | $25.00M | $120.00M | $73.94M | $79.19M |
| Depreciation & amortization | $6.20M | $6.40M | $6.30M | $5.00M | $5.50M | $6.10M | $7.60M | $6.90M | $7.50M | $8.50M |
Derived
| Metric | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 | 2018-11-30 | 2017-11-30 | 2016-11-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $229.48M | $206.29M | $168.35M | $186.07M | $173.88M | $138.33M | $124.49M | $114.10M | $102.31M | $97.06M |
| 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% |
| FCF margin | 23.5% | 27.4% | 24.2% | 30.9% | 32.7% | 31.3% | 30.1% | 30.1% | 26.3% | 23.9% |
| SBC / revenue | 6.6% | 6.2% | 5.8% | 6.2% | 5.6% | 5.3% | 5.6% | 5.4% | 3.6% | 5.6% |
| Current ratio | 0.49x | 0.81x | 0.94x | 1.34x | 1.05x | 0.91x | 1.18x | 1.24x | 1.27x | 1.65x |
| Revenue YoY growth | 29.8% | 8.5% | 15.4% | 13.3% | 20.2% | 7.0% | 9.1% | -2.6% | -4.0% | Unavailable |
| Net margin | 7.5% | 9.1% | 10.1% | 15.8% | 14.8% | 18.0% | 6.4% | 13.1% | 7.5% | -13.7% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | 0.6% | 0.7% | 0.8% | 1.0% | 0.9% | 1.5% | 1.0% | 1.9% | 0.9% | 1.4% |
| Long-term debt / equity | 2.18x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 10.4% | 27.4% | 11.9% | 18.9% | 17.9% | 17.5% | 7.4% | 18.3% | 44.7% | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open PRGS in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-06-30View SEC filing
10-Q · Filed 2026-03-31View SEC filing
10-K · Filed 2026-01-20View SEC filing
10-Q · Filed 2025-09-29View SEC filing
10-Q · Filed 2025-06-30View SEC filing
10-Q · Filed 2025-03-31View SEC filing
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.