Valuation, from the filing
| Public float | $2.60B | Market value of stock held by non-affiliates, as stated on the cover page for 2025-05-31 |
|---|---|---|
| Float per share | $61.86 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / net income | 35.6× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / revenue | 2.7× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 5.4× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-05-31, not today, and each multiple below it uses the figures for the fiscal year ending 2025-11-30 — the year that filing covered.
Valuation over time
35.6× earnings today, against a median of 34.4× across 9 years on record. In line with its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2025-05-31 | $2.60B | 35.6× | |
| 2024-05-31 | $2.15B | 31.4× | |
| 2023-05-31 | $2.56B | 36.5× | |
| 2022-05-31 | $2.07B | 21.8× | |
| 2021-05-31 | $1.93B | 24.6× | |
| 2020-05-31 | $1.79B | 22.4× | |
| 2019-05-31 | $1.81B | 68.6× | |
| 2018-05-31 | $1.71B | 34.4× | |
| 2017-05-31 | $1.38B | 47.6× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
How this compares in its industry
Percentile among the Services-Prepackaged Software filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
| Measure | Reported | Percentile | |
|---|---|---|---|
| Long-term debt / equity | 2.18x | 88th | |
| Revenue YoY growth | 29.8% | 85th | |
| Current ratio | 0.49x | 16th | |
| Operating margin | 15.7% | 84th | |
| Gross margin | 80.8% | 81th | |
| SBC / revenue | 6.6% | 26th | |
| FCF margin | 23.5% | 73th | |
| Net margin | 7.5% | 72th | |
| Effective tax rate | 10.4% | 29th | |
| CapEx / revenue | 0.6% | 34th |
PROGRESS SOFTWARE CORP /MA (PRGS) reported revenue of $999.94M and net income of $92.41M for the fiscal year ended 2026-08-31. This page shows 1 annual period 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 | 2026-08-31 |
|---|---|
| Revenue | $999.94M |
| Cost of revenue | $177.73M |
| Gross profit | $822.21M |
| Operating income | $176.59M |
| Net income | $92.41M |
| Research & development | Unavailable |
| Weighted-average diluted shares | Unavailable |
| Pretax income | $110.92M |
| Income tax expense | $18.51M |
| Diluted EPS | Unavailable |
| Selling, general & administrative | $329.16M |
| General & administrative | $114.17M |
| Selling & marketing | $214.99M |
Balance
| Metric | 2026-08-31 |
|---|---|
| Cash & equivalents | $113.65M |
| Total assets | $2.30B |
| Current assets | $330.00M |
| Total liabilities | Unavailable |
| Current liabilities | $414.63M |
| Total equity incl. NCI | $529.98M |
| Temporary (mezzanine) equity | Unavailable |
| Inventory | Unavailable |
| Accounts receivable | $118.81M |
| Goodwill | $1.31B |
| Long-term debt | $1.23B |
| Accounts payable | $10.16M |
Cash flow
| Metric | 2026-08-31 |
|---|---|
| Operating cash flow | $328.27M |
| Capital expenditures | $9.13M |
| Investing cash flow | -$9.69M |
| Financing cash flow | -$300.87M |
| Net change in cash | $14.64M |
| Stock-based compensation | $72.44M |
| Common dividends paid | $500.00K |
| Common share repurchases | $112.01M |
| Depreciation & amortization | Unavailable |
Derived
| Metric | 2026-08-31 |
|---|---|
| Free cash flow | $319.15M |
| Gross margin | 82.2% |
| Operating margin | 17.7% |
| FCF margin | 31.9% |
| SBC / revenue | 7.2% |
| Current ratio | 0.80x |
| Revenue YoY growth | 6.4% |
| Net margin | 9.2% |
| R&D / revenue | Unavailable |
| CapEx / revenue | 0.9% |
| Long-term debt / equity | 2.33x |
| Effective tax rate | 16.7% |
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
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.