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Progress Software Corp

PRGS

NASDAQ

Technology

$44.36

USD

+1.15 (+2.66%)

At close: Aug 21, 2026, 4:00 PM EDT

Market Cap $1.78B

Volume 439.4K

Price (USD)
Price (USD)

About Progress Software Corp

Progress Software Corp. engages in the provision of products that develop and deploy mission-critical business applications. The company is headquartered in Burlington, Massachusetts and currently employs 2,801 full-time employees. The firm provides software products that enable its customers to develop, deploy and manage responsible AI-powered applications and digital experiences. The company also offers retrieval-augmented generation (RAG) -as-a-service products. Its products include Sitefinity, Corticon, MOVEit, ShareFile, Podio, Kendo UI, Telerik, Kemp LoadMaster, Flowmon, WhatsUp Gold, Chef Infrastructure Management, Chef Desktop, Chef App Delivery, MarkLogic, Semaphore, OpenEdge, DataDirect Connectors, Hybrid Data Pipeline, and Automate MFT. MOVEit Transfer Software offers an on-premises Managed File Transfer (MFT) server, supporting compliance with internal governance requirements and regulations. WhatsUp Gold is an information technology (IT) infrastructure monitoring software providing visibility into network devices, servers, virtual machines, cloud, and wireless environments.

CEO

Mr. Yogesh Gupta

HQ

Burlington, MASSACHUSETTS, US

Founded

1991

Employees

2,801

Quantli Score

8.4

Outperform

Fin. Health

8.1

Profitability

7.6

Growth

9.0

Cash-Flow Q.

8.8

Key Metrics

7 metrics our research team weighs before forming a view on PRGS.

Based on Quantli research · SEC filings · as of Q2 2026

METRIC

VALUE

CHANGE

TREND (3Y)

Revenue Growth (TTM)

15.5%

-6.6 pp

Gross Margin (TTM)

81.8%

+0.1 pp

Operating Margin (TTM)

17.3%

+2.0 pp

Net Margin (TTM)

8.9%

+2.2 pp

ROE (TTM)

17.6%

+4.9 pp

EPS Growth (TTM)

58.5%

+79.2 pp

Free Cash Flow (TTM)

$305.22M

+79.0%

Financial Snapshot

Full Financials

Revenue

$1.00B

+15.5%

YoY

Gross Margin

82%

TTM

+0.1%

YoY

Net Income

$89.04M

+54.6%

YoY

Operating Cash Flow

$313.71M

+78.0%

YoY

Key Statistics

Open

$43.45

Previous Close

$43.21

Day Range

$42.60 - $44.68

52 Week Range

$23.82 - $47.37

Volume

439.4K

Average Volume (10 Days)

360.0K

Dividend Yield

0.03%

Valuation Measurement

Market Cap

$1.78B

P/E Ratio (TTM)

19.99

P/S Ratio (TTM)

1.77

Price / Book

3.52

Financial Highlights

Profit Margin

8.9%

Return on Assets

3.8%

Return on Equity

17.6%

Revenue (TTM)

$1.00B

Net Income (TTM)

$89.04M

Diluted EPS (TTM)

$2.06

Total Cash (MRQ)

$102.98M

Levered FCF (TTM)

$305.22M

Turn research into action

Knowing a stock is strong is the start. Knowing how to invest in it when you spot good research is good returns.

Swing Strategy

Buy support, sell on recovery.

Best for:

Risk-tolerant

Trend Following

Enter on trend. Cut losses fast.

Best for:

Active traders

Position Strategy

Ride market cycles. Patient hold.

Best for:

Patient investors

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Earnings Calendar

Next Earnings

Estimated Q3 Release

Sep 30

Est. EPS

Adjusted consensus estimate

$1.54

Analyst Consensus

Buy

Based on 3 analyst ratings

Avg Target: $57.67

(+30.0% upside)

High: $83.00 · Low: $40.00

Strong Buy

0%

Buy

100%

Hold

0%

Sell

0%

Strong Sell

0%

View full analyst ratings