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    Progress Software Corporation (PRGS)

    Official site

    TECHNOLOGY • SOFTWARE - INFRASTRUCTURE • NASDAQ

    $43.50
    -1.09 (-2.44%)

    Market Cap: $1.82B

    Last updated: Nov 06, 2026 at 4:15 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    98%(39/40)
    Avg Surprise
    +11.99%
    Streak
    25 Q

    Upcoming Estimates

    Period ending Nov 30, 2026
    EPS Consensus$1.62
    Range$1.61 - $1.65
    4 analysts
    Revenue Consensus
    $311M
    Range$308M - $314M
    5 analysts
    Period ending Feb 28, 2027
    EPS Consensus$1.56
    Range$1.46 - $1.67
    5 analysts
    EPS Revisions
    1
    0
    7d
    2
    2
    30d
    EPS Estimate DriftChange to current
    90d ago$1.54+1.6%
    60d ago$1.54+1.5%
    30d ago$1.54+1.5%
    7d ago$1.70-7.8%
    Current$1.56
    Revenue Consensus
    $315M
    Range$306M - $322M
    5 analysts
    Last 12 of 40 reported quarters and 2 upcoming estimates
    PeriodReportedEst.RangeSurpriseB/MAnalystsRevisionsYoY
    Feb 27EST
    		-$1.56$1.46 - $1.67--5
    2
    2
    30d
    		-
    Nov 26EST
    		-$1.62$1.61 - $1.65--4--
    Aug 26
    Reported Sep 30
    		$1.38$1.16$1.09 - $1.19+18.97%Beat4
    5
    0
    30d
    		-8.0%
    May 26
    Reported Jun 30
    		$1.22$1.15$1.13 - $1.16+6.09%Beat6
    6
    0
    30d
    		-12.9%
    Feb 26
    Reported Mar 30
    		$1.60$1.57$1.56 - $1.59+1.91%Beat6
    6
    0
    30d
    		+22.1%
    Nov 25
    Reported Jan 20
    		$1.51$1.31$1.29 - $1.33+15.27%Beat6
    1
    3
    30d
    		+13.5%
    Aug 25
    Reported Sep 29
    		$1.50$1.30$1.28 - $1.31+15.38%Beat6
    0
    1
    30d
    		+19.0%
    May 25
    Reported Jun 30
    		$1.40$1.30$1.27 - $1.32+7.69%Beat7
    0
    1
    30d
    		+28.4%
    Feb 25
    Reported Mar 31
    		$1.31$1.06$1.02 - $1.13+23.58%Beat7
    0
    6
    30d
    		+4.8%
    Nov 24
    Reported Jan 21
    		$1.33$1.21$1.19 - $1.24+9.47%Beat7
    0
    1
    30d
    		+30.4%
    Aug 24
    Reported Sep 24
    		$1.26$1.14$1.12 - $1.15+10.53%Beat6
    No revisions (30d)
    		+16.7%
    May 24
    Reported Jun 25
    		$1.09$0.95$0.94 - $0.96+14.74%Beat7
    No revisions (30d)
    		+2.8%
    Feb 24
    Reported Mar 26
    		$1.25$1.14$1.11 - $1.15+9.65%Beat6
    No revisions (30d)
    		+5.0%
    Nov 23
    Reported Jan 16
    		$1.02$0.91$0.88 - $0.93+12.09%Beat6
    No revisions (30d)
    		-8.9%

    Dividends

    Last ex-dividend: Aug 30, 2024

    Dividend Metrics

    Forward Yield0.00%
    Forward Annual Dividend$0.00
    Payout Ratio0.00%
    FrequencyQuarterly

    Key Metrics

    Valuation
    P/E Ratio7.62EV/EBITDA8.88x
    Price/FCF5.60xFCF Yield17.87%
    Profitability
    Profit Margin9.24%Operating Margin22.00%
    ROE18.30%ROIC8.30%
    Financial Health
    Debt/Equity2.33xInterest Coverage2.72x
    Current Ratio0.80xQuick Ratio0.80x
    Trading Statistics
    Beta0.86Avg Volume482.94K
    52-Week High$47.2552-Week Low$23.82

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$44.80
    SMA 20$43.42
    SMA 50$41.86
    SMA 200$36.79
    EMA 10$44.28
    EMA 20$43.50
    EMA 50$42.07
    EMA 200$39.94

    MACD

    Line: 1.04Signal: 1.13Hist: -0.09

    ADX

    ADX: 22.5+DI: 28.4-DI: 23.9

    Aroon & PSAR

    Aroon Up64.0
    Aroon DownN/A
    PSAR$46.42

    Bollinger Bands

    Upper Band$48.30
    Lower Band$38.54
    %B Position2247%(Upper)
    Band Width0.51

    RSI (14-Day)

    Neutral
    52.4

    Momentum Oscillators

    Stoch %K55.6
    Stoch %D64.9
    Williams %R-70.6
    ROC (10d)-6.4%
    Momentum-2.95
    CCI (20d)15.8
    MFI (14d)53.6

    Volatility Measures

    ATR (14d)$1.64(3.8%)
    StdDev (20d)2.44
    Hist Vol37.0%(Moderate)

    Volume Flow

    VWAP$43.82
    OBV14.2M
    AD Line-11.8M
    CMF (20d)0.104

    Volume Metrics

    Avg Vol (20d)464.8K
    Vol Ratio1.0x
    VWMA (20d)$43.18

    Pivot Points

    R3$47.08
    R2$46.44
    R1$45.51
    Pivot Point$44.87
    S1$43.94
    S2$43.30
    S3$42.37

    Advanced Oscillators

    TSI19.53
    Ultimate Osc48.1
    KST124.38

    Financial Data

    QuarterAug 2026May 2026Feb 2026Nov 2025Aug 2025May 2025Feb 2025Nov 2024Aug 2024May 2024Feb 2024Nov 2023
    Total 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
    Operating Expenses$156.99M$163.39M$157.47M$167.77M$158.38M$151.45M$159.36M$156.92M$109.27M$115.86M$116.87M$120.77M
    R&D$46.05M$48.84M$50.47M$49.89M$49.43M$46.57M$46.38M$41.20M$34.72M$35.44M$34.99M$34.01M
    SG&A$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 Income$0$0$0$0$0$0$0$0$0$0$0$0
    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
    Income Before Tax$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 Expense$6.76M$7.77M$7.48M$-3,489,000$6.79M$2.83M$2.36M$11.10M$5.82M$3.94M$4.97M$-1,163,000
    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
    EBITDA$83.89M$82.94M$83.00M$77.46M$84.06M$77.57M$70.94M$51.53M$64.15M$54.66M$62.49M$49.92M
    EBIT$46.44M$44.75M$45.54M$38.80M$43.94M$38.00M$31.73M$23.15M$41.04M$27.14M$34.95M$22.06M
    * Some calculated fields are derived from available data when not provided by source

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    Government Contracts

    Gov Obligations (TTM)
    -$12976
    Gov Obligations / Revenue
    0.0%
    Obligations YoY
    N/A
    Active Awards
    6
    New Awards (TTM)
    3
    Avg Remaining Term
    6.9 mo

    Top agency: Department of State at 100.0% of trailing twelve month obligations across 1 agencies

    Recent Awards

    Award IDAgencyObligatedStart
    19AQMM26P0329Department of StateDepartment of State$1299Mar 2, 2026
    15DDHQ26P00000153Department of JusticeDrug Enforcement Administration$0Feb 12, 2026
    H9224025PE043Department of DefenseU.S. Special Operations Command$0Sep 29, 2025

    Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Jul 31, 2026.

    PRGS Valuation and Fair Value

    P/E
    7.6x
    Forward P/E
    6.5x
    EV/EBITDA
    8.9x
    P/FCF
    5.6x
    PEG
    1.3x
    P/B
    3.4x
    See GNG's fair value

    PRGS Profitability: Margins, ROIC and FCF

    Gross margin
    82.2%
    Operating margin
    22.0%
    Net margin
    9.2%
    ROIC
    8.3%
    ROE
    18.3%
    FCF yield
    17.9%

    PRGS Competitors

    CompanyTicker
    Formula Systems 1985 Ltd ADRFORTY
    Himax Technologies IncHIMX
    C3.ai, Inc.AI
    Semrush Holdings IncSEMR
    SolarEdge Technologies IncSEDG
    Ultra Clean Holdings IncUCTT
    Concentrix CorporationCNXC
    Jamf HoldingJAMF

    Sector: Technology

    PRGS Analyst Ratings

    Consensus
    Buy
    Analysts
    5
    Strong Buy
    0
    Buy
    4
    Hold
    1
    Sell
    0
    Strong Sell
    0

    PRGS Bull Case vs Bear Case

    Bull case

    • PRGS beat EPS estimates in 100.0% of its last 8 reported quarters.
    • 80.0% of PRGS's analyst ratings are Buy or Strong Buy.

    Bear case

    • PRGS's quarterly revenue changed -1.5% year over year.
    • PRGS has a debt-to-equity ratio of 2.3x.

    PRGS Earnings: Beat Rate and Next Report

    Beat rate
    8 of 8 quarters (100.0%)
    Average surprise
    12.3%
    EPS estimate (fiscal period ending Nov 30, 2026)
    $1.62

    PRGS Dividend

    Forward yield
    0.0%
    Payout ratio
    0.0%

    PRGS Earnings Date

    PRGS reports Jan 18, 2027, after the close. The date is estimated.

    PRGS Earnings Call

    The latest PRGS earnings call transcript on file is labeled 2026Q3.

    Read the 2026Q3 transcript

    PRGS ETF Holders

    GNG tracks 14 ETFs that hold PRGS. The largest weights:

    1. State Street SPDR S&P Software & Services ETF (XSW), 0.77% of the fund
    2. VictoryShares Small Cap Free Cash Flow ETF (SFLO), 0.51% of the fund
    3. Fidelity Enhanced Small Cap Core ETF (FESM), 0.31% of the fund
    4. iShares Core S&P Small-Cap ETF (IJR), 0.11% of the fund
    5. iShares Expanded Tech-Software Sector ETF (IGV), 0.06% of the fund
    Open the ETF Stock Exposure tool for PRGS

    See insider activity

    Frequently Asked Questions About PRGS

    When does PRGS report earnings?

    Progress Software Corporation (PRGS) is expected to report earnings on Jan 18, 2027.

    Does PRGS pay dividends?

    Progress Software Corporation (PRGS) has a dividend payment track record. See the PRGS dividend history page for its current payment status, TTM yield, and recorded payments.

    What is PRGS's P/E ratio?

    Progress Software Corporation has a price-to-earnings (P/E) ratio of 7.62.

    What is PRGS's market cap?

    Progress Software Corporation (PRGS) has a market capitalization of $1.82B with a current stock price of $43.50.

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