PRGSProgress Software Corporation
$46.43+3.5% 1Y
$46.43
$25.0952 weeks$46.43
Latest close: a new 52-week highOct 23, 2026what changed →
The financials
Progress Software Corporation by the numbers
Progress Software Corporation (PRGS) reported revenue of $246M in Q3 2026 (quarter ended Aug 31, 2026), down 1.5% from the same quarter a year earlier. That came with a gross margin of 83% and net income of $23M (9.3% of revenue). For the full year FY2025, revenue was $978M (+30% year on year) and net income $73M. Its largest product in Q2 2026 (quarter ended May 31, 2026) was Maintenance at $101M, 40% of the disclosed total, ahead of Software As A Service at 29%. The next results filing is expected around Jan 19, 2027, the same week as a year ago.
| Income statement | Q3 2026 | Q3 2025 | Change |
|---|---|---|---|
| Revenue | $246M | $250M | −1.5% |
| Gross profit | $204M | $202M | +0.6% |
| Operating income | $47M | $44M | +6.1% |
| Net income | $23M | $19M | +17% |
| Diluted EPS | $0.55 | $0.44 | +25% |
| Product | Revenue | Share |
|---|---|---|
| Maintenance | $101M | 40% |
| Software As A Service | $73M | 29% |
| Software Licenses | $69M | 27% |
| Service | $10M | 4.0% |
Business segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $253.5M (+2.3%)
Software Licenses grew +36% year on yearService -6.4% year on year
Segment Latestquarter on quarteryear on year
- Maintenance$101.2M$101.2Mquarter on quarter +0.88%year on year -2.2%+0.88%-2.2%
- Software As A Service$73.0M$73.0Mquarter on quarter +3.6%year on year +1.2%+3.6%+1.2%
- Software Licenses$69.0M$69.0Mquarter on quarter +2.1%year on year +36%+2.1%+36%
- Service$10.3M$10.3Mquarter on quarter +8.9%year on year -6.4%+8.9%-6.4%
Software, Infrastructure
Ranks #19 of 78 by RyuScore