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Side-by-side financial comparison of PROGRESS SOFTWARE CORP (PRGS) and RED ROBIN GOURMET BURGERS INC (RRGB). Click either name above to swap in a different company.

RED ROBIN GOURMET BURGERS INC is the larger business by last-quarter revenue ($283.7M vs $252.7M, roughly 1.1× PROGRESS SOFTWARE CORP). PROGRESS SOFTWARE CORP runs the higher net margin — 10.2% vs 1.4%, a 8.8% gap on every dollar of revenue. On growth, PROGRESS SOFTWARE CORP posted the faster year-over-year revenue change (17.5% vs -5.5%). PROGRESS SOFTWARE CORP produced more free cash flow last quarter ($59.9M vs $3.4M). Over the past eight quarters, PROGRESS SOFTWARE CORP's revenue compounded faster (17.0% CAGR vs -15.3%).

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.

Red Robin Gourmet Burgers Inc is a U.S.-headquartered casual dining restaurant chain that specializes in a broad range of gourmet burgers, plus appetizers, signature milkshakes, salads, sandwiches and other family-friendly menu items. It runs outlets across many U.S. states, providing both dine-in and takeout options for consumers with different dining needs.

PRGS vs RRGB — Head-to-Head

Bigger by revenue
RRGB
RRGB
1.1× larger
RRGB
$283.7M
$252.7M
PRGS
Growing faster (revenue YoY)
PRGS
PRGS
+23.0% gap
PRGS
17.5%
-5.5%
RRGB
Higher net margin
PRGS
PRGS
8.8% more per $
PRGS
10.2%
1.4%
RRGB
More free cash flow
PRGS
PRGS
$56.5M more FCF
PRGS
$59.9M
$3.4M
RRGB
Faster 2-yr revenue CAGR
PRGS
PRGS
Annualised
PRGS
17.0%
-15.3%
RRGB

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
PRGS
PRGS
RRGB
RRGB
Revenue
$252.7M
$283.7M
Net Profit
$25.7M
$4.0M
Gross Margin
81.6%
Operating Margin
15.2%
3.5%
Net Margin
10.2%
1.4%
Revenue YoY
17.5%
-5.5%
Net Profit YoY
2144.6%
142.1%
EPS (diluted)
$0.59
$0.21

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
PRGS
PRGS
RRGB
RRGB
Q4 25
$252.7M
Q3 25
$249.8M
$283.7M
Q2 25
$237.4M
$392.4M
Q1 25
$238.0M
Q4 24
$215.0M
Q3 24
$178.7M
$300.2M
Q2 24
$175.1M
$388.5M
Q1 24
$184.7M
Net Profit
PRGS
PRGS
RRGB
RRGB
Q4 25
$25.7M
Q3 25
$19.4M
$4.0M
Q2 25
$17.0M
$1.2M
Q1 25
$10.9M
Q4 24
$1.1M
Q3 24
$28.5M
$-9.5M
Q2 24
$16.2M
$-9.5M
Q1 24
$22.6M
Gross Margin
PRGS
PRGS
RRGB
RRGB
Q4 25
81.6%
Q3 25
81.0%
Q2 25
80.1%
Q1 25
80.6%
Q4 24
83.0%
Q3 24
83.7%
Q2 24
81.7%
Q1 24
82.2%
Operating Margin
PRGS
PRGS
RRGB
RRGB
Q4 25
15.2%
Q3 25
17.6%
3.5%
Q2 25
16.3%
2.3%
Q1 25
13.6%
Q4 24
10.0%
Q3 24
22.6%
-1.5%
Q2 24
15.5%
-0.5%
Q1 24
19.0%
Net Margin
PRGS
PRGS
RRGB
RRGB
Q4 25
10.2%
Q3 25
7.8%
1.4%
Q2 25
7.2%
0.3%
Q1 25
4.6%
Q4 24
0.5%
Q3 24
15.9%
-3.2%
Q2 24
9.2%
-2.4%
Q1 24
12.3%
EPS (diluted)
PRGS
PRGS
RRGB
RRGB
Q4 25
$0.59
Q3 25
$0.44
$0.21
Q2 25
$0.39
$0.07
Q1 25
$0.24
Q4 24
$0.01
Q3 24
$0.65
$-0.61
Q2 24
$0.37
$-0.61
Q1 24
$0.51

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PRGS
PRGS
RRGB
RRGB
Cash + ST InvestmentsLiquidity on hand
$94.8M
$24.4M
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$478.3M
$-78.6M
Total Assets
$2.5B
$586.9M
Debt / EquityLower = less leverage
2.93×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PRGS
PRGS
RRGB
RRGB
Q4 25
$94.8M
Q3 25
$99.0M
$24.4M
Q2 25
$102.0M
$24.1M
Q1 25
$124.2M
Q4 24
$118.1M
Q3 24
$232.7M
$23.1M
Q2 24
$190.4M
$30.6M
Q1 24
$133.2M
Total Debt
PRGS
PRGS
RRGB
RRGB
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
$1.5B
Q1 25
$1.5B
Q4 24
$1.5B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
PRGS
PRGS
RRGB
RRGB
Q4 25
$478.3M
Q3 25
$477.7M
$-78.6M
Q2 25
$452.7M
$-80.4M
Q1 25
$431.8M
Q4 24
$438.8M
Q3 24
$425.6M
$-36.5M
Q2 24
$401.7M
$-29.1M
Q1 24
$461.7M
Total Assets
PRGS
PRGS
RRGB
RRGB
Q4 25
$2.5B
Q3 25
$2.4B
$586.9M
Q2 25
$2.4B
$606.2M
Q1 25
$2.5B
Q4 24
$2.5B
Q3 24
$1.6B
$689.1M
Q2 24
$1.6B
$717.1M
Q1 24
$1.5B
Debt / Equity
PRGS
PRGS
RRGB
RRGB
Q4 25
2.93×
Q3 25
2.97×
Q2 25
3.22×
Q1 25
3.50×
Q4 24
3.48×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PRGS
PRGS
RRGB
RRGB
Operating Cash FlowLast quarter
$62.8M
$9.9M
Free Cash FlowOCF − Capex
$59.9M
$3.4M
FCF MarginFCF / Revenue
23.7%
1.2%
Capex IntensityCapex / Revenue
1.1%
2.3%
Cash ConversionOCF / Net Profit
2.44×
2.49×
TTM Free Cash FlowTrailing 4 quarters
$229.5M
$11.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PRGS
PRGS
RRGB
RRGB
Q4 25
$62.8M
Q3 25
$73.4M
$9.9M
Q2 25
$30.0M
$19.6M
Q1 25
$68.9M
Q4 24
$19.7M
Q3 24
$57.7M
$512.0K
Q2 24
$63.7M
$13.7M
Q1 24
$70.5M
Free Cash Flow
PRGS
PRGS
RRGB
RRGB
Q4 25
$59.9M
Q3 25
$72.4M
$3.4M
Q2 25
$29.5M
$7.6M
Q1 25
$67.7M
Q4 24
$16.8M
Q3 24
$56.6M
$-5.1M
Q2 24
$62.7M
$5.5M
Q1 24
$70.2M
FCF Margin
PRGS
PRGS
RRGB
RRGB
Q4 25
23.7%
Q3 25
29.0%
1.2%
Q2 25
12.4%
1.9%
Q1 25
28.4%
Q4 24
7.8%
Q3 24
31.7%
-1.7%
Q2 24
35.8%
1.4%
Q1 24
38.0%
Capex Intensity
PRGS
PRGS
RRGB
RRGB
Q4 25
1.1%
Q3 25
0.4%
2.3%
Q2 25
0.2%
3.1%
Q1 25
0.5%
Q4 24
1.3%
Q3 24
0.6%
1.9%
Q2 24
0.5%
2.1%
Q1 24
0.2%
Cash Conversion
PRGS
PRGS
RRGB
RRGB
Q4 25
2.44×
Q3 25
3.78×
2.49×
Q2 25
1.76×
15.67×
Q1 25
6.30×
Q4 24
17.13×
Q3 24
2.03×
Q2 24
3.93×
Q1 24
3.11×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PRGS
PRGS

Maintenanceand Services$187.5M74%
Share File Acquisition$67.5M27%

RRGB
RRGB

Food And Beverage$279.3M98%
Franchise$3.2M1%
Products And Services Gift Card$1.8M1%
Product And Service Gift Card And Other$1.2M0%

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