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25.76 USD
P/E
16.67
EPS
1.66
P/B
2.45
ROE
15.95
Beta
0.57
Target Price
62.17 USD
Progress Software Corporation logo

Progress Software Corporation

🧾 Earnings Recap – Q1 2026

Progress Software delivered solid Q1 2026 results with revenue of $248 million, reflecting a 4% year-over-year growth, while EPS surged 22% to $1.60, driven by strong cash flows and disciplined operational execution.

  • Annual recurring revenue (ARR) grew 2% in constant currency, with a net revenue retention (NRR) rate holding strong at 99%.
  • Adjusted free cash flow reached $99 million, underscoring the company's focus on collections amid a healthy balance sheet.
  • AI integration across the product suite is enhancing operational efficiency and customer value, positioning Progress as a leader in innovation.
  • Continued investment in M&A and product enhancements, particularly within ShareFile, highlights the company’s growth strategy.
  • Customers report substantial gains in efficiency and satisfaction by leveraging Progress’s AI-driven solutions across various sectors.
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1M 6M YTD 1Y 2Y 5Y Max
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Key Metrics
Earnings dateJune 29, 2026
P/E16.67
EPS1.66
Book Value11.30
Price to Book2.45
Debt/Equity298.93
% Insiders2.079%
Growth
Revenue Growth0.18%
Earnings Growth21.36%
Estimates
Forward P/E4.64
Forward EPS5.96
Target Mean Price62.17

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Progress Software Corporation Logo Progress Software Corporation Analysis (PRGS)

United States Information Technology Official Website Stock

Is Progress Software Corporation a good investment? Progress Software Corporation (PRGS) is currently trading at 25.76 USD. Market analysts have a consensus price target of 62.17 USD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 16.67. This valuation is generally in line with the broader market.

Earnings Schedule: Progress Software Corporation is expected to release its next earnings report on June 29, 2026. The market consensus estimate for Forward EPS is 5.96.

Investor FAQ

Does Progress Software Corporation pay a dividend?

No, it does not currently pay a dividend.

What asset class is Progress Software Corporation?

Progress Software Corporation is classified as a Stock. You can compare it against 3 other assets in the "Related Symbols" list on this page.

When is the next earnings date?

The next earnings date is projected to be June 29, 2026. The company currently has a trailing EPS of 1.66.

Company Profile

Progress Software Corporation provides software products that develops, deploys, and manages artificial intelligence (AI) powered applications and digital experiences in the United States and internationally. The company offers Agentic RAG, a next-generation Agentic Rag-as-a-Service platform; Automate MFT, a cloud-native Software-as-a-Service (SaaS) platform for automated and secure file transfers; Chef, a DevOps/DevSecOps automation software; Corticon, a decision automation platform; DataDirect, a secure data connectivity tools for Relational, NoSQL, Big Data, and SaaS data sources; Developer Tools, such as software development tooling collection, including NET and JavaScript UI components for web, desktop and mobile applications, AI-prompt components, reporting and report management tools, and automated testing and mocking tools; Flowmon, a AI-powered network security and visibility product with automated response across hybrid cloud ecosystems; and Kemp LoadMaster, an application delivery and security product for cloud-native, and virtual and hardware load balancers. It also provides MarkLogic, a data agility platform to connect data and metadata; MOVEit, a managed file transfer software; OpenEdge, an application development platform; Semaphore, a Semantic AI platform; ShareFile, an SaaS-native AI-powered document centric collaboration platform; Sitefinity, a digital experience platform foundation; and WhatsUp Gold, a network infrastructure monitoring software to find and fix network problems. The company offers project management, implementation, custom software development, programming, and other services, as well as web-enable applications, and training services. It sells its products to end users, independent software vendors, original equipment manufacturers, system integrators, value added resellers, and distributors. The company was founded in 1981 and is headquartered in Burlington, Massachusetts.

Exchange Ticker
BUE (Argentina) PGR.BA
NMS (United States) PRGS
FRA (Germany) PGR.F
Historical Dividends
Year Total Dividends
2024 0.52 USD
2023 0.70 USD
2022 0.70 USD
2021 0.70 USD
2020 0.67 USD
2019 0.63 USD
2018 0.58 USD
2017 0.52 USD
2016 0.13 USD

Yearly aggregated dividends

Dividends

Historical Split Corporate Actions

Split Date Split Ratio to 1
Jan. 24, 2000 2.000000
Jan. 31, 2011 1.500000
July 14, 1998 1.500000
Nov. 28, 1995 2.000000
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