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PROGRESS SOFTWARE CORP（PRGS）与Upstart Holdings, Inc.（UPST）财务数据对比。点击上方公司名可切换其他公司
Upstart Holdings, Inc.的季度营收约是PROGRESS SOFTWARE CORP的1.2倍（$308.2M vs $252.7M），PROGRESS SOFTWARE CORP净利率更高（10.2% vs -2.2%，领先12.3%），Upstart Holdings, Inc.同比增速更快（44.4% vs 17.5%），过去两年Upstart Holdings, Inc.的营收复合增速更高（55.4% vs 17.0%）
Progress Software是全球领先的企业级软件服务商，主营应用开发平台、数据连接工具、数字体验解决方案等产品，服务覆盖金融、医疗、制造、零售等多行业的全球企业客户，助力客户搭建高性能可扩展的业务应用，提升运营效率。
Upstart是一家AI信贷平台服务商，与银行及信用合作社合作，将教育背景、就业情况等非传统指标纳入信用评估模型，更精准地预测借款人的信用状况，为用户提供消费贷款服务，助力金融机构提升信贷效率、扩大服务覆盖范围。
PRGS vs UPST — 直观对比
营收规模更大
UPST
是对方的1.2倍
$252.7M
营收增速更快
UPST
高出26.9%
17.5%
净利率更高
PRGS
高出12.3%
-2.2%
两年增速更快
UPST
近两年复合增速
17.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $252.7M | $308.2M |
| 净利润 | $25.7M | $-6.6M |
| 毛利率 | 81.6% | — |
| 营业利润率 | 15.2% | -2.4% |
| 净利率 | 10.2% | -2.2% |
| 营收同比 | 17.5% | 44.4% |
| 净利润同比 | 2144.6% | -171.6% |
| 每股收益（稀释后） | $0.59 | $-0.07 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收PRGSUPST
| Q1 26 | — | $308.2M | ||
| Q4 25 | $252.7M | $296.1M | ||
| Q3 25 | $249.8M | $277.1M | ||
| Q2 25 | $237.4M | $257.3M | ||
| Q1 25 | $238.0M | $213.4M | ||
| Q4 24 | $215.0M | $219.0M | ||
| Q3 24 | $178.7M | $162.1M | ||
| Q2 24 | $175.1M | $127.6M |
净利润PRGSUPST
| Q1 26 | — | $-6.6M | ||
| Q4 25 | $25.7M | $18.6M | ||
| Q3 25 | $19.4M | $31.8M | ||
| Q2 25 | $17.0M | $5.6M | ||
| Q1 25 | $10.9M | $-2.4M | ||
| Q4 24 | $1.1M | $-2.8M | ||
| Q3 24 | $28.5M | $-6.8M | ||
| Q2 24 | $16.2M | $-54.5M |
毛利率PRGSUPST
| Q1 26 | — | — | ||
| 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% | — |
营业利润率PRGSUPST
| Q1 26 | — | -2.4% | ||
| Q4 25 | 15.2% | 6.4% | ||
| Q3 25 | 17.6% | 8.5% | ||
| Q2 25 | 16.3% | 1.8% | ||
| Q1 25 | 13.6% | -2.1% | ||
| Q4 24 | 10.0% | -2.2% | ||
| Q3 24 | 22.6% | -27.8% | ||
| Q2 24 | 15.5% | -43.5% |
净利率PRGSUPST
| Q1 26 | — | -2.2% | ||
| Q4 25 | 10.2% | 6.3% | ||
| Q3 25 | 7.8% | 11.5% | ||
| Q2 25 | 7.2% | 2.2% | ||
| Q1 25 | 4.6% | -1.1% | ||
| Q4 24 | 0.5% | -1.3% | ||
| Q3 24 | 15.9% | -4.2% | ||
| Q2 24 | 9.2% | -42.7% |
每股收益（稀释后）PRGSUPST
| Q1 26 | — | $-0.07 | ||
| Q4 25 | $0.59 | $0.20 | ||
| Q3 25 | $0.44 | $0.23 | ||
| Q2 25 | $0.39 | $0.05 | ||
| Q1 25 | $0.24 | $-0.03 | ||
| Q4 24 | $0.01 | $-0.01 | ||
| Q3 24 | $0.65 | $-0.07 | ||
| Q2 24 | $0.37 | $-0.62 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $94.8M | $472.9M |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $478.3M | $733.2M |
| 总资产 | $2.5B | $3.0B |
| 负债/权益比越低杠杆越低 | 2.93× | — |
8季度趋势，按日历期对齐
现金及短期投资PRGSUPST
| Q1 26 | — | $472.9M | ||
| Q4 25 | $94.8M | $652.4M | ||
| Q3 25 | $99.0M | $489.8M | ||
| Q2 25 | $102.0M | $395.9M | ||
| Q1 25 | $124.2M | $599.8M | ||
| Q4 24 | $118.1M | $788.4M | ||
| Q3 24 | $232.7M | — | ||
| Q2 24 | $190.4M | — |
总债务PRGSUPST
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益PRGSUPST
| Q1 26 | — | $733.2M | ||
| Q4 25 | $478.3M | $798.8M | ||
| Q3 25 | $477.7M | $743.7M | ||
| Q2 25 | $452.7M | $722.0M | ||
| Q1 25 | $431.8M | $676.6M | ||
| Q4 24 | $438.8M | $633.2M | ||
| Q3 24 | $425.6M | $595.5M | ||
| Q2 24 | $401.7M | $594.7M |
总资产PRGSUPST
| Q1 26 | — | $3.0B | ||
| Q4 25 | $2.5B | $3.0B | ||
| Q3 25 | $2.4B | $2.9B | ||
| Q2 25 | $2.4B | $2.5B | ||
| Q1 25 | $2.5B | $2.3B | ||
| Q4 24 | $2.5B | $2.4B | ||
| Q3 24 | $1.6B | $1.8B | ||
| Q2 24 | $1.6B | $1.8B |
负债/权益比PRGSUPST
| Q1 26 | — | — | ||
| Q4 25 | 2.93× | — | ||
| Q3 25 | 2.97× | — | ||
| Q2 25 | 3.22× | — | ||
| Q1 25 | 3.50× | — | ||
| Q4 24 | 3.48× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $62.8M | $-133.3M |
| 自由现金流经营现金流 - 资本支出 | $59.9M | — |
| 自由现金流率自由现金流/营收 | 23.7% | — |
| 资本支出强度资本支出/营收 | 1.1% | — |
| 现金转化率经营现金流/净利润 | 2.44× | — |
| 过去12个月自由现金流最近4个季度 | $229.5M | — |
8季度趋势，按日历期对齐
经营现金流PRGSUPST
| Q1 26 | — | $-133.3M | ||
| Q4 25 | $62.8M | $108.6M | ||
| Q3 25 | $73.4M | $-122.6M | ||
| Q2 25 | $30.0M | $-120.2M | ||
| Q1 25 | $68.9M | $-13.5M | ||
| Q4 24 | $19.7M | $-110.9M | ||
| Q3 24 | $57.7M | $179.3M | ||
| Q2 24 | $63.7M | $65.3M |
自由现金流PRGSUPST
| Q1 26 | — | — | ||
| Q4 25 | $59.9M | $108.4M | ||
| Q3 25 | $72.4M | $-122.7M | ||
| Q2 25 | $29.5M | $-120.3M | ||
| Q1 25 | $67.7M | — | ||
| Q4 24 | $16.8M | — | ||
| Q3 24 | $56.6M | $179.2M | ||
| Q2 24 | $62.7M | $65.3M |
自由现金流率PRGSUPST
| Q1 26 | — | — | ||
| Q4 25 | 23.7% | 36.6% | ||
| Q3 25 | 29.0% | -44.3% | ||
| Q2 25 | 12.4% | -46.7% | ||
| Q1 25 | 28.4% | — | ||
| Q4 24 | 7.8% | — | ||
| Q3 24 | 31.7% | 110.5% | ||
| Q2 24 | 35.8% | 51.1% |
资本支出强度PRGSUPST
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 0.1% | ||
| Q3 25 | 0.4% | 0.0% | ||
| Q2 25 | 0.2% | 0.0% | ||
| Q1 25 | 0.5% | 0.0% | ||
| Q4 24 | 1.3% | 0.0% | ||
| Q3 24 | 0.6% | 0.1% | ||
| Q2 24 | 0.5% | 0.0% |
现金转化率PRGSUPST
| Q1 26 | — | — | ||
| Q4 25 | 2.44× | 5.82× | ||
| Q3 25 | 3.78× | -3.86× | ||
| Q2 25 | 1.76× | -21.43× | ||
| Q1 25 | 6.30× | — | ||
| Q4 24 | 17.13× | — | ||
| Q3 24 | 2.03× | — | ||
| Q2 24 | 3.93× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
PRGS
| Maintenanceand Services | $187.5M | 74% |
| Share File Acquisition | $67.5M | 27% |
UPST
| Platform and referral fees, net | $224.6M | 73% |
| Servicing and other fees, net | $52.4M | 17% |
| Other | $31.2M | 10% |
