PROGRESS SOFTWARE CORP /MA(PRGS)— Stock Profile, AI Score & Financials
Technology · Nasdaq · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated .
PROGRESS SOFTWARE CORP /MA (PRGS) stock profile, AI quality score, and SEC EDGAR financial data, a Technology sector company. 13F Pro's AI-powered ranking engine scores PRGS at 66.2/100 on a 32-signal composite quality model, placing it at rank #439 of 2,960 stocks — the top 25% of the AI-ranked universe. PRGS scores in the top quartile across free cash flow (84.4), earnings quality (84.1), revenue growth (78.1). Areas of concern include institutional flow (28.3), which score below median versus the broader universe. Shareholder dilution risk is elevated at 21.2/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), PROGRESS SOFTWARE CORP /MA reports quarterly revenue of $253.5M, net income of $21.1M, an operating margin of 17.8%. Top institutional holders of PRGS by reported 13-F value include BlackRock, LINDEN ADVISORS, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. PRGS trades on the Nasdaq exchange and files with the SEC under CIK 876167. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate PRGS daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for PROGRESS SOFTWARE CORP /MA directly from SEC EDGAR.
AI Quality Score
66.2/100
AI Rank
#439
Revenue
$253.5M
Net Income
$21.1M
Free Cash Flow
$77.0M
Operating Margin
17.8%
PRGS key financials by period
PROGRESS SOFTWARE CORP /MA reported revenue, net income and margins by fiscal period, from SEC filings.
Period
Form
Revenue
Net income
Operating margin
FY 2025
10-K
$977.8M
$73.1M
15.7%
FY 2024
10-K
$753.4M
$68.4M
16.5%
FY 2023
10-K
$694.4M
$70.2M
15.9%
FY 2022
10-K
$602.0M
$95.1M
21.9%
FY 2021
10-K
$531.3M
$78.4M
21.9%
FY 2020
10-K
$442.1M
$79.7M
24.4%
Institutions holding PRGS
Institutional investors reporting a position in PROGRESS SOFTWARE CORP /MA on SEC Form 13F.
AI-extracted from the 10-Q filed 2026-06-30 — Q2 FY2026 (quarter ended May 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Software licenses revenue jumped 36% YoY to $69.0M, lifting total revenue to $253.5M (+7% YoY) even as maintenance/SaaS/services stayed roughly flat and operating income rose to $45.2M.
Biggest Revenue Drivers
Maintenance, SaaS, and professional services$184.5M-1% YoY
Maintenance and SaaS were essentially unchanged; professional services declined across multiple product offerings
Software licenses$69.0M+36% YoY
Increases in DataDirect, Chef, and MarkLogic product offerings
Biggest Revenue Drivers
Total revenue: $253.5M+7% YoY
Maintenance, SaaS, and professional services$184.5M-1% YoY
Maintenance and SaaS were essentially unchanged; professional services declined across multiple product offerings
Within Maintenance, SaaS, and professional services
Maintenance$101.2M-2% YoY
SaaS$73.0M+1% YoY
Professional services$10.3M-6% YoY
Software licenses$69.0M+36% YoY
Increases in DataDirect, Chef, and MarkLogic product offerings
Largest Expense Items
Sales and marketing$54.3M+9% YoY
Increased personnel-related costs, partially offset by lower marketing and sales events costs
Product development$48.8M+5% YoY
Increased personnel-related costs
General and administrative$32.2M+26% YoY
Higher stock-based compensation expense and additional receivables reserves, partially offset by lower contractors and outside services costs
Margins: Gross profit rose to $208.6M as license cost growth (+23%, higher royalties) was offset by lower maintenance/SaaS/services costs; operating income grew to $45.2M from $38.6M, though G&A and effective tax rate (27% vs 14%) rose sharply YoY.
Watch Items from the Filing
MOVEit Vulnerability MDL litigation remains unresolved; 23 of 33 bellwether claims dismissed but no loss contingency recorded and damages unspecified, with fact discovery closing September 29, 2026.
Effective tax rate rose to 27% from 14% YoY due to jurisdictional earnings mix and a $0.8M discrete tax expense versus a $1.1M discrete benefit last year.
ARR grew only 2% YoY to $868M, decelerating well below the 7% total revenue growth rate, even as net retention held in the 99-100% range.
Company redeemed $360M of 2026 convertible notes by drawing on its revolving credit facility (now $850M outstanding) at a higher interest rate than the retired notes.
No single customer, partner, or country outside the U.S. accounted for more than 10% of total revenue in the quarter.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
