PROGRESS SOFTWARE CORPPRGSEarnings & Financial Report
Progress Software Corporation develops and sells enterprise software products including application development platforms, data connectivity tools, and digital experience solutions. It serves global enterprise clients across finance, healthcare, manufacturing, retail and other sectors, helping organizations build scalable, high-performance business applications and streamline operational workflows.
Revenue
$215.0M
Gross Profit
$178.4M
Operating Profit
$21.5M
Net Profit
$1.1M
Gross Margin
83.0%
Operating Margin
10.0%
Net Margin
0.5%
YoY Growth
21.5%
EPS
$0.01
PROGRESS SOFTWARE CORP Q4 FY2024 Financial Summary
PROGRESS SOFTWARE CORP reported revenue of $215.0M (up 21.5% YoY) for Q4 FY2024, with a net profit of $1.1M (down 92.5% YoY) (0.5% margin). Cost of goods sold was $36.5M, operating expenses totaled $156.9M.
Key Financial Metrics
| Total Revenue | $215.0M |
|---|---|
| Net Profit | $1.1M |
| Gross Margin | 83.0% |
| Operating Margin | 10.0% |
| Report Period | Q4 FY2024 |
Revenue Breakdown
PROGRESS SOFTWARE CORP Q4 FY2024 revenue of $215.0M breaks down across 2 segments, led by Maintenanceand Services at $141.6M (65.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Maintenanceand Services | $141.6M | 65.9% |
| Software Licenses | $73.4M | 34.1% |
PROGRESS SOFTWARE CORP Revenue by Segment — Quarterly Trend
PROGRESS SOFTWARE CORP revenue by segment across the last 4 reported quarters, showing how each business line (such as Maintenanceand Services and Software Licenses) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Maintenanceand Services | $187.5M | $186.4M | $186.6M | $179.6M |
| Software Licenses | — | — | $50.8M | $58.4M |
PROGRESS SOFTWARE CORP Annual Revenue by Year
PROGRESS SOFTWARE CORP annual revenue history includes year-by-year totals (for example, 2025 revenue was $977.8M).
| Year | Annual Revenue |
|---|---|
| 2025 | $977.8M |
| 2024 | $753.4M |
| 2023 | $694.4M |
| 2022 | $602.0M |
PROGRESS SOFTWARE CORP Quarterly Revenue & Net Profit History
PROGRESS SOFTWARE CORP results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $252.7M | +17.5% | $25.7M | 10.2% |
| Q3 FY2025 | $249.8M | +39.8% | $19.4M | 7.8% |
| Q2 FY2025 | $237.4M | +35.6% | $17.0M | 7.2% |
| Q1 FY2025 | $238.0M | +28.9% | $10.9M | 4.6% |
| Q4 FY2024 | $215.0M | +21.5% | $1.1M | 0.5% |
| Q3 FY2024 | $178.7M | +2.1% | $28.5M | 15.9% |
| Q2 FY2024 | $175.1M | -1.8% | $16.2M | 9.2% |
| Q1 FY2024 | $184.7M | +12.5% | $22.6M | 12.3% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $184.7M | $175.1M | $178.7M | $215.0M | $238.0M | $237.4M | $249.8M | $252.7M |
| YoY Growth | 12.5% | -1.8% | 2.1% | 21.5% | 28.9% | 35.6% | 39.8% | 17.5% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.55B | $1.59B | $1.62B | $2.53B | $2.46B | $2.41B | $2.42B | $2.46B |
| Liabilities | $1.09B | $1.18B | $1.19B | $2.09B | $2.03B | $1.96B | $1.94B | $1.98B |
| Equity | $461.7M | $401.7M | $425.6M | $438.8M | $431.8M | $452.7M | $477.7M | $478.3M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $70.5M | $63.7M | $57.7M | $19.7M | $68.9M | $30.0M | $73.4M | $62.8M |