Inferra AI / Company / PRGS
Progress Software Corp /Ma
PRGS · Information Technology
Last earnings Sep 30, 2026
Key results
Revenuequarter
$250 million
Third Quarter 2025 Highlights Revenue of $250 million increased 40% year-over-year on an actual currency basis and 38% on a constant currency basis.
SEC original ↗Progress Software Corp /Ma — Earnings release (8-K exhibit)EX-99Sep 29, 2025
Annualized Recurring revenuequarter
$849 million
Annualized Recurring Revenue ( ARR ) of $849 million increased 47% year-over-year on a constant currency basis.
SEC original ↗Progress Software Corp /Ma — Earnings release (8-K exhibit)EX-99Sep 29, 2025
Operating marginquarter
18%
Operating margin was 18% and non-GAAP operating margin was 40%.
SEC original ↗Progress Software Corp /Ma — Earnings release (8-K exhibit)EX-99Sep 29, 2025
EPSquarter
$0.44
Diluted earnings per share was $0.44 compared to $0.65 in the same quarter last year, a decrease of 32%.
SEC original ↗Progress Software Corp /Ma — Earnings release (8-K exhibit)EX-99Sep 29, 2025
Non-GAAP EPSquarter
$1.50
Non-GAAP diluted earnings per share was $1.50 compared to $1.26 in the same quarter last year, an increase of 19%.
SEC original ↗Progress Software Corp /Ma — Earnings release (8-K exhibit)EX-99Sep 29, 2025
EPSfull-year
$0.03
GAAP and non-GAAP diluted earnings per share for fiscal year 2025 is approximately $0.03.
SEC original ↗Progress Software Corp /Ma — Earnings release (8-K exhibit)EX-99Sep 29, 2025
GAAP and non-GAAP diluted earnings per share for fiscal Q4 2025 is approximately $0.01.
SEC original ↗Progress Software Corp /Ma — Earnings release (8-K exhibit)EX-99Sep 29, 2025
Summary Highlights Q3 2025 Revenues of $250M vs.
SEC original ↗Progress Software Corp /Ma — Presentation / slide deck (8-K exhibit)EX-99Sep 29, 2025
AI analysis
Q3 2025 · reported Sep 29, 2025
Based on: Earnings release + Q3 2025 deck + parent 8-K + 10-Q — transcript not held
The quarter in charts
Diluted EPS — GAAP
Per diluted share, as stated
EX-99 · Sep 29, 2025 EPS values as stated in the release.
Guidance ladder — revenue
Delivered vs the company's guided range
EX-99 · Sep 29, 2025 Guide as stated by the company; range and midpoint computed from the stated figure.
Headline figures
| Metric | Q3 2025 | Prior qtr | Year ago |
|---|---|---|---|
| Revenue | $250 million | — | — |
| Annualized Recurring revenue | $849 million | — | — |
| Operating margin | 18% | — | — |
| EPS | $0.44 | — | $0.65 |
| Non-GAAP EPS | $1.50 | — | $1.26 |
Guidance · company-stated
Direction: Raised
“htm EX-99.1 Document Exhibit 99.1 P R E S S A N N O U N C E M E N T Progress Software Announces Third Quarter 2025 Financial Results Annualized Recurring Revenue ( ARR ) of $849 million Grew 47% year-over-year Revenue of $250 million Grew 40% year-over-year Raises Full Year Guidance for Revenue, Earnings Per Share, and Cash Flow BURLINGTON, Mass.”
“We re well positioned to close out FY25 and our positive outlook is reflected in our increased guidance.”
Classified from the release's primary full-year outlook statement.
Margin
Capital allocation
On September 23, 2025, our Board of Directors increased our share repurchase authorization by $200.0 million to $242.2 million.
What changed vs last quarter
- Guide midpoint vs latest-quarter revenue +239.6% computed from stated figures
Event summary
Diluted earnings per share was $0.44 compared to $0.65 in the same quarter last year, a decrease of 32%
Based on: Earnings release + Q3 2025 deck + parent 8-K + 10-Q — transcript not held
Guidance & outlook
Direction: Raised
Revenue: “htm EX-99.1 Document Exhibit 99.1 P R E S S A N N O U N C E M E N T Progress Software Announces Third Quarter 2025 Financial Results Annualized Recurring Revenue ( ARR ) of $849 million Grew 47% year-over-year Revenue of $250 million Grew 40% year-over-year Raises Full Year Guidance for Revenue, Earnings Per Share, and Cash Flow BURLINGTON, Mass.”
Revenue — Raised (“Raises”)
“htm EX-99.1 Document Exhibit 99.1 P R E S S A N N O U N C E M E N T Progress Software Announces Third Quarter 2025 Financial Results Annualized Recurring Revenue ( ARR ) of $849 million Grew 47% year-over-year Revenue of $250 million Grew 40% year-over-year Raises Full Year Guidance for Revenue, Earnings Per Share, and Cash Flow BURLINGTON, Mass.”
Company outlook — Raised (“increased”)
“We re well positioned to close out FY25 and our positive outlook is reflected in our increased guidance.”
Classified from the release's primary full-year outlook statement.
Capital allocation
On September 23, 2025, our Board of Directors increased our share repurchase authorization by $200.0 million to $242.2 million.
SEC original ↗Progress Software Corp /Ma — Earnings release (8-K exhibit)EX-99Sep 29, 2025
On the balance sheet, we continued to pay down debt aggressively and repurchased another $15 million of shares, while increasing liquidity with a new $1.5 billion revolving credit facility.
SEC original ↗Progress Software Corp /Ma — Earnings release (8-K exhibit)EX-99Sep 29, 2025
Unlevered FCF is AFCF plus tax-effected interest expense on outstanding debt.
SEC original ↗Progress Software Corp /Ma — Earnings release (8-K exhibit)EX-99Sep 29, 2025
Repurchase shares to offset dilution from our equity programs.
SEC original ↗Progress Software Corp /Ma — Presentation / slide deck (8-K exhibit)EX-99Sep 29, 2025
Management has flexibility to increase, reduce, or suspend repurchases depending on market conditions and other considerations including size and timing of proposed M&A.
SEC original ↗Progress Software Corp /Ma — Presentation / slide deck (8-K exhibit)EX-99Sep 29, 2025
$15M of shares repurchased in Q3 25; $65M YTD Use our significant free cash flow to pay down debt and reload for the next acquisition.
SEC original ↗Progress Software Corp /Ma — Presentation / slide deck (8-K exhibit)EX-99Sep 29, 2025
Strategy & priorities
We use ARR to understand customer trends and the overall health of our business, helping us to formulate strategic business decisions.
SEC original ↗Progress Software Corp /Ma — Earnings release (8-K exhibit)EX-99Sep 29, 2025
Current Period ARR includes any expansion and is net of contraction or attrition over the last 12 months but excludes ARR from new customers in the current period.
SEC original ↗Progress Software Corp /Ma — Earnings release (8-K exhibit)EX-99Sep 29, 2025
Forward-looking statements in this presentation include, but are not limited to, statements regarding Progress s strategy; future revenue growth, operating margin and cost savings; future acquisitions; and other statements regarding the future operation, direction, prospects and success of Progress s business.
SEC original ↗Progress Software Corp /Ma — Presentation / slide deck (8-K exhibit)EX-99Sep 29, 2025
Total Growth Strategy: Driving ARR Growth ARR CAGR of 20% Q3 2020 Q3 2025 All periods reported in constant currency, using current year budgeted exchange rates 8© 2025 Progress Software Corporation and/or its subsidiaries or affiliates.
SEC original ↗Progress Software Corp /Ma — Presentation / slide deck (8-K exhibit)EX-99Sep 29, 2025
Total Growth Strategy: Driving Revenue Growth Revenue CAGR of 15% 2021 2025(E)* * Represents the mid-point of our FY 25 guidance range 9© 2025 Progress Software Corporation and/or its subsidiaries or affiliates.
SEC original ↗Progress Software Corp /Ma — Presentation / slide deck (8-K exhibit)EX-99Sep 29, 2025
Risks & headwinds
For further information regarding risks and uncertainties associated with Progress' business, please refer to our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended November 30, 2024.
SEC original ↗Progress Software Corp /Ma — Earnings release (8-K exhibit)EX-99Sep 29, 2025
For further information regarding risks and uncertainties associated with Progress' business, please refer to Progress' filings with the U.
SEC original ↗Progress Software Corp /Ma — Presentation / slide deck (8-K exhibit)EX-99Sep 29, 2025
Legal Proceedings 29 Item 1A.
SEC original ↗Progress Software Corp /Ma — 10-Q Quarterly report10-QSep 30, 2026
As a result of the MOVEit Vulnerability, we are party to certain class action lawsuits filed by individuals who claim to have been impacted by the exfiltration of data from the environments of our MOVEit Transfer customers, which have been centralized in multi-district litigation in the District of Massachusetts (the "MDL").
SEC original ↗Progress Software Corp /Ma — 10-Q Quarterly report10-QSep 30, 2026
Furthermore, with respect to the MDL, alleged damages have not been specified, there is uncertainty as to the likelihood of a class or classes being certified or the ultimate size of any class if certified, and there are significant factual and legal issues to be resolved.
SEC original ↗Progress Software Corp /Ma — 10-Q Quarterly report10-QSep 30, 2026
Earnings deck slides
0 decks with slide viewProgress Software Corp /Ma — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Progress Software Corp /Ma — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Progress Software Corp /Ma — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Progress Software Corp /Ma — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Progress Software Corp /Ma — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Progress Software Corp /Ma — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Progress Software Corp /Ma — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Progress Software Corp /Ma — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Progress Software Corp /Ma — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Progress Software Corp /Ma — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Progress Software Corp /Ma — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
32 documents- Q2 2026
- 8-KPRGS
Sep 30, 2026
- 10-QPRGS
- 8-KPRGS
Sep 22, 2026
- 8-KPRGS
Jul 22, 2026
- EX-99PRGS
- Q1 2026
- 8-KPRGS
Jun 30, 2026
- 10-QPRGS
- 8-KPRGS
May 11, 2026
- Q4 2025
- 10-QPRGS
- 8-KPRGS
Mar 30, 2026
- 8-KPRGS
Jan 20, 2026
- 10-KPRGS
Jan 20, 2026
- Q2 2025
- 8-K/APRGS
- 8-KPRGS
Sep 29, 2025
- 10-QPRGS
- 8-KPRGS
Jul 22, 2025
- Q1 2025
- 8-KPRGS
Jun 30, 2025
- 10-QPRGS
- 8-KPRGS
- Q4 2024
- 8-KPRGS
Mar 31, 2025
- 10-QPRGS
- 8-K/APRGS
- 8-KPRGS
Jan 21, 2025
- 10-KPRGS
Jan 21, 2025
- 8-K/APRGS
- Q3 2024
- 8-KPRGS
Oct 31, 2024
- 10-QPRGS
- Q2 2024
- 8-KPRGS
Sep 24, 2024
- 8-KPRGS
- EX-99PRGS
- 8-KPRGS
- 10-QPRGS
Earnings releases
11 documentsPresentations
11 documents
Transcripts
0 documentsNo transcripts for Progress Software Corp /Ma are held in this edition of the library.
See also the earnings calendar for every tracked company’s next earnings date.