Progress Software/$PRGS

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About Progress Software

Progress Software Corporation provides software operate in one operating segment: software products for the development, deployment, and management of responsible, AI-powered applications and digital experiences. Following are products: Chef, Corticon, Data Direct, Developer Tools, Flowmon, Kemp LoadMaster, MarkLogic, MOVEit, OpenEdge, Semaphore, ShareFile, Sitefinity, WhatsUp Gold. Geographical regions include United States, Canada, EMEA, Latin America, and Asia Pacific.

Ticker

$PRGS

Sector

Software & Cloud Services
Primary listing

Employees

2,815

PRGS Metrics

BasicAdvanced
$2B
35.60
$1.30
0.67
$0.18
1.51%

What the Analysts think about PRGS

Analyst ratings (Buy, Hold, Sell) for Progress Software stock.

Bulls say / Bears say

Annualized Recurring Revenue grew 46% year-over-year to $838 million in Q2 2025, highlighting a solid subscription business model and predictable revenue streams (Reuters)
Management raised full-year 2025 guidance for revenue to $962-974 million and non-GAAP EPS to $5.28-5.40, indicating confidence in ongoing growth momentum (Reuters)
The successful integration of ShareFile, with major operational synergies achieved ahead of schedule, strengthens Progress’s move toward higher-margin SaaS offerings and enhances its digital experience portfolio (Reuters)
Software license revenue declined 6% year-over-year to $50.8 million in Q2 2025, reflecting weakening demand for legacy on-premise products (SEC)
ARR rose by only $2 million quarter-over-quarter in Q2 2025—its smallest sequential increase in over a year—signaling potential deceleration in organic recurring revenue growth (Investopedia)
Progress shares were down more than 10% year-to-date through early July 2025 despite topping earnings estimates, suggesting investor skepticism over growth sustainability (Investopedia)
Data summarised monthly by Lightyear AI. Last updated on 1 Sept 2025.

PRGS Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

PRGS Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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