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
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
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.
Earnings Calendar
Next Earnings
Estimated Q3 Release
Sep 30
Est. EPS
Adjusted consensus estimate
$1.54
Analyst Consensus
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%