Earnings summaries and quarterly performance for PROGRESS SOFTWARE CORP /MA.
Executive leadership at PROGRESS SOFTWARE CORP /MA.
YG
Yogesh Gupta
Detailed
President and Chief Executive Officer
CEO
AF
Anthony Folger
Detailed
Executive Vice President, Chief Financial Officer
IP
Ian Pitt
Detailed
Executive Vice President, Chief Information Officer
JA
John Ainsworth
Detailed
Executive Vice President and General Manager, Application and Data Platform
LJ
Loren Jarrett
Detailed
Executive Vice President and General Manager, Digital Experience
SW
Stephanie Wang
Detailed
Executive Vice President, Chief Legal Officer, Corporate Secretary and Chief Compliance Officer
SS
Sundar Subramanian
Detailed
Executive Vice President and General Manager, Infrastructure Management
Board of directors at PROGRESS SOFTWARE CORP /MA.
Research analysts who have asked questions during PROGRESS SOFTWARE CORP /MA earnings calls.
John DiFucci
Guggenheim Securities
6 questions for PRGS
Also covers: AKAM, ARM, CHKP +11 more
Nolan Jenevein
Oppenheimer & Co. Inc.
6 questions for PRGS
Fatima Boolani
Citi
5 questions for PRGS
Also covers: AKAM, AVPT, CHKP +16 more
LS
Lucky Schreiner
D.A. Davidson & Co.
4 questions for PRGS
Also covers: ASAN, BOX, DOMO
BY
Bo Yin
Jefferies
2 questions for PRGS
Also covers: SNOW
LV
Lawrence Vensko
Guggenheim Securities
2 questions for PRGS
Also covers: AKAM
PB
Pinjalim Bora
JPMorgan Chase & Co.
2 questions for PRGS
Also covers: ASAN, BL, BOX +17 more
IK
Ittai Kidron
Oppenheimer & Company
1 question for PRGS
Also covers: BASE, BLZE, CFLT +13 more
LS
Lawrence Spence-Golan
Guggenheim Securities
1 question for PRGS
Recent press releases and 8-K filings for PRGS.
Progress Software Announces Strong Q4 and Full Year 2025 Results, Provides FY 2026 Guidance
PRGS
Earnings
Guidance Update
M&A
- Progress Software reported record annual revenue of $978 million for fiscal year 2025, a 30% year-over-year increase, and earnings per share of $5.72, up 16% from fiscal year 2024. For Q4 2025, revenue was $253 million, up 18% year-over-year, with earnings of $1.51.
- The company's Annual Recurring Revenue (ARR) grew 2% year-over-year to $852 million, representing over 87% of total revenue, and maintained a 100% net retention rate. Adjusted free cash flow for FY 2025 was $247 million, a 16% increase over the prior year.
- For fiscal year 2026, Progress expects revenue between $986 million and $1 billion (1-2% growth), adjusted free cash flow between $260 million and $274 million, and earnings per share between $5.82 and $5.96.
- Progress plans to repay $250 million of debt in fiscal 2026, aiming to reduce its net leverage ratio to approximately 2.7 times by year-end. The company also completed the integration of ShareFile and invested significantly in AI product innovations.
Jan 20, 2026, 10:00 PM
Progress Software Reports Strong FY 2025 Results and Issues FY 2026 Guidance
PRGS
Earnings
Guidance Update
M&A
- Progress Software reported strong fiscal year 2025 results, with annual revenue of $978 million (up 30% year-over-year) and earnings per share of $5.72 (up 16%). For Q4 2025, revenue was $253 million (up 18% year-over-year) and EPS was $1.51, exceeding guidance.
- The company's Annual Recurring Revenue (ARR) reached $852 million in Q4 2025, growing approximately 2% pro forma year-over-year, and maintained a net retention rate of 100%.
- For fiscal year 2026, Progress Software provided guidance of revenue between $986 million and $1 billion (1%-2% growth), earnings per share between $5.82 and $5.96, an operating margin of 39%, and adjusted free cash flow between $260 million and $274 million.
- Strategic highlights include the successful integration of ShareFile and Nuclia , plans to repay $250 million in debt in FY 2026 , and $105 million in share repurchases during fiscal year 2025.
Jan 20, 2026, 10:00 PM
Progress Software Reports Strong Q4 and FY 2025 Results, Issues FY 2026 Guidance
PRGS
Earnings
Guidance Update
Share Buyback
- Progress Software reported Q4 2025 revenue of $253 million, up 18% year-over-year, and FY 2025 revenue of $978 million, a 30% increase from FY 2024, with earnings per share of $5.72 for the full year.
- Annual Recurring Revenue (ARR) closed Q4 at $852 million, showing approximately 2% pro forma year-over-year growth, and the net retention rate remained strong at 100%.
- For fiscal year 2026, the company expects revenue between $986 million and $1 billion, adjusted free cash flow between $260-$274 million, and earnings per share between $5.82-$5.96.
- Progress completed the integration of ShareFile and Nuclia, and made significant investments in AI product innovations.
- The company plans to repay $250 million of debt in FY 2026, aiming for a net leverage ratio of approximately 2.7 times by year-end, and repurchased $105 million in stock for FY 2025.
Jan 20, 2026, 10:00 PM
Progress Software Reports Strong FY 2025 Results and Provides FY 2026 Guidance
PRGS
Earnings
Guidance Update
M&A
- Progress Software achieved its strongest year to date in fiscal year 2025, with annual revenue of $978 million, marking a 30% increase year-over-year, and earnings per share of $5.72, up 16% from fiscal year 2024.
- For the fourth quarter of 2025, revenue reached $253 million, an 18% year-over-year increase, and earnings per share were $1.51, surpassing the high end of guidance. The company's Annual Recurring Revenue (ARR) stood at $852 million at the end of Q4, reflecting approximately 2% pro forma year-over-year growth, with a 100% net retention rate.
- The company provided a positive outlook for fiscal year 2026, forecasting revenue between $986 million and $1 billion and earnings per share between $5.82 and $5.96.
- Key strategic accomplishments in fiscal year 2025 included the successful integration of ShareFile and Nuclia, alongside substantial investments and innovations in AI-driven products.
- Progress plans to aggressively repay $250 million of debt in fiscal 2026, aiming to improve its net leverage ratio to approximately 2.7 times by year-end, and will roll $360 million in 2026 convertible notes into its revolving credit facility.
Jan 20, 2026, 10:00 PM
Progress Software Reports Strong FY 2025 Results, Provides FY 2026 Guidance
PRGS
Earnings
Guidance Update
M&A
- Progress Software reported annual revenue of $978 million, an increase of 30% year-over-year, and earnings per share of $5.72, up 16% for fiscal year 2025. For Q4 2025, revenue was $253 million and EPS was $1.51.
- The company provided fiscal year 2026 guidance, projecting revenue between $986 million and $1 billion (representing 1-2% growth), EPS between $5.82 and $5.96, and adjusted free cash flow between $260 million and $274 million.
- Progress completed the integration of ShareFile and Nuclia, which contributed to a 100% net retention rate and 2% year-over-year ARR growth to $852 million.
- The company plans to repay $250 million in debt during fiscal 2026, aiming to reduce the net leverage ratio to approximately 2.7x by year-end, and authorized $20 million in share repurchases for FY 2026.
Jan 20, 2026, 10:00 PM
Progress Software Reports Strong Q4 and Full Year 2025 Results, Issues 2026 Guidance
PRGS
Earnings
Guidance Update
Share Buyback
- Progress Software (PRGS) reported Q4 2025 revenue of $253 million, an 18% increase year-over-year, with non-GAAP diluted earnings per share of $1.51.
- Annualized Recurring Revenue (ARR) for Q4 2025 reached $852 million, representing a 2% year-over-year growth, and the Net Retention Rate (NRR) was 100%.
- For the full fiscal year 2025, the company achieved total revenue of $978 million and non-GAAP diluted earnings per share of $5.72.
- Progress Software provided guidance for fiscal year 2026, projecting revenue between $986 million and $1 billion, and non-GAAP diluted earnings per share between $5.82 and $5.96.
- The Board of Directors increased the share repurchase authorization by $200.0 million to $242.2 million on September 23, 2025, with $40 million of shares repurchased in Q4 2025 and $105 million in FY 2025.
Jan 20, 2026, 9:07 PM
Progress Federal Solutions Achieves 'Awardable' Status for DoD Marketplace
PRGS
New Projects/Investments
Revenue Acceleration/Inflection
- Progress Federal Solutions, a wholly owned subsidiary of Progress Software (Nasdaq: PRGS), has achieved "Awardable" status for its Progress Data Platform through the U.S. Department of Defense's (DoD) Tradewinds Solutions Marketplace.
- This designation allows DoD customers to rapidly procure and deploy the Progress Data Platform, which unifies database, search, and semantic AI capabilities in a single solution.
- The Tradewinds Solutions Marketplace is the DoD’s premier offering designed to accelerate the procurement and adoption of Artificial Intelligence (AI)/Machine Learning (ML), data, and analytics capabilities.
- The Progress Data Platform is relied on by defense and civilian agencies to integrate, manage, and operationalize complex data, offering government-grade security and the ability to apply semantic AI.
Oct 29, 2025, 1:00 PM
Progress Software Reports Strong Q3 2025 Results and Raises Full-Year Guidance
PRGS
Earnings
Guidance Update
Share Buyback
- Progress Software reported strong Q3 2025 financial results, with revenues of $250 million and earnings per share of $1.50, both exceeding previous guidance.
- Annualized Recurring Revenue (ARR) reached $849 million, representing 47% year-over-year growth, with a net retention rate of 100%.
- The company raised its full-year 2025 guidance, now expecting revenue between $975 million and $981 million and earnings per share between $5.50 and $5.56.
- Progress Software continued its capital allocation strategy by repaying $40 million in debt during Q3, bringing the year-to-date total to $110 million, and repurchased $15 million of shares. The board also authorized an additional $200 million for share repurchases, increasing the total available to $242 million.
- The successful integration of ShareFile and the ongoing infusion of AI capabilities across its product portfolio are key drivers for customer demand and business growth.
Sep 29, 2025, 9:00 PM
Progress Software Announces Strong Q3 2025 Results and Raises Full-Year Guidance
PRGS
Earnings
Guidance Update
Share Buyback
- Progress Software reported Q3 2025 revenue of $250 million, an increase of 40% year-over-year, and non-GAAP diluted earnings per share of $1.50, up 19% from the prior year.
- Annualized Recurring Revenue (ARR) reached $849 million, growing 47% year-over-year on a constant currency basis, with a net retention rate of 100%.
- The company raised its full-year 2025 guidance for non-GAAP revenue to a range of $975 million to $981 million and non-GAAP diluted earnings per share to $5.50 to $5.56.
- Progress Software's Board of Directors increased the share repurchase authorization by $200.0 million to $242.2 million on September 23, 2025, and the company repurchased $15 million of shares in Q3 2025.
Sep 29, 2025, 8:04 PM
Progress Software Announces Third Quarter 2025 Financial Results and Raises Full Year Guidance
PRGS
Earnings
Guidance Update
Share Buyback
- Progress Software reported third quarter 2025 revenue of $250 million, an increase of 40% year-over-year, and Annualized Recurring Revenue (ARR) of $849 million, which grew 47% year-over-year on a constant currency basis.
- Non-GAAP diluted earnings per share for the third quarter ended August 31, 2025, was $1.50, an increase of 19% compared to the same quarter last year.
- The company raised its full year 2025 guidance for revenue, earnings per share, and cash flow, with updated non-GAAP diluted EPS guidance now set between $5.50 - $5.56.
- On September 23, 2025, the Board of Directors increased the share repurchase authorization by $200.0 million to $242.2 million.
Sep 29, 2025, 8:02 PM
Quarterly earnings call transcripts for PROGRESS SOFTWARE CORP /MA.
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