# PROGRESS SOFTWARE CORP /MA (PRGS) · Edgar & Edgarette company card

> Progress Software (PRGS) grew revenue 29.8% in FY2025 to $978 million, operating margin 15.7% against a 0.9% median for prepackaged software, equity 19.5% of assets, and its dividend per share fell in the latest year on record. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 876167 · fiscal year ended 2025-11-30 · 5 audited years read · [page](https://www.pops4.com/boards/company/PRGS) · [JSON](https://www.pops4.com/boards/company/PRGS.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $978M |
| Revenue growth, 1 year | 29.8% |
| Revenue growth per year | 16.5% |
| Operating margin | 15.7% (prior year 16.5%) |
| Net margin | 7.5% |
| Operating cash flow | $235M |
| Capital spending | $6M |
| Free cash flow | $229M |
| Cash | $95M |
| Long-term debt | $1.4B |
| Total assets | $2.5B |
| Total equity | $478M |
| Equity ÷ assets | 19.5% |
| Return on equity | 15.3% |
| Dividend per share | $0 |
| Dividend years rising | 0 |

## Readings, computed from those figures

- Altman Z: -0.25 (distress zone)
- Piotroski F: 7 of 9 (solid)
- Beneish M: -2.57 (below the −1.78 line)
- Health Harbor boat: New ship · no warning signs
- Cash Compass: Cash cow now · steady, with strong cash arriving today

## Edgarette's reading

Exposure: revenue $977.8M (FY2025), total debt $1.4B. Experience: revenue up 29.8% on the year, up 16.5% a year over 4 years; operating margin 15.7%, down from 16.5%. Soundness: equity 19.5% of assets, return on equity 15.3%, payout 1.1% of profit, the dividend per share fell in the latest year on record. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $1.0B and $1.4B next year (method v4.1: its own 4-year record of growth weighed at 50% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $948.3M to $1.5B. A statistical range, not company guidance. Against peers (140 filers, $50M+ revenue, services-prepackaged software): operating margin 15.7% against a 0.9% median; growth 29.8% against 13.0%.

Range logged 2026-09-24, receipt 52758ca59c44e4c7, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

No warning filings in the window.

## Recent filings

- 10-Q · filed 2026-09-30 · [filing](https://www.sec.gov/Archives/edgar/data/876167/000087616726000111/0000876167-26-000111-index.htm)
- 8-K · filed 2026-09-30 · 2.02 Results of Operations and Financial Condition; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/876167/000087616726000110/0000876167-26-000110-index.htm)
- 8-K · filed 2026-09-22 · 2.01 Completion of Acquisition or Disposition of Assets; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/876167/000155278126000497/0001552781-26-000497-index.htm)
- 8-K · filed 2026-07-22 · 1.01 Entry into a Material Definitive Agreement; 2.02 Results of Operations and Financial Condition; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/876167/000155278126000390/0001552781-26-000390-index.htm)
- 10-Q · filed 2026-06-30 · [filing](https://www.sec.gov/Archives/edgar/data/876167/000087616726000078/0000876167-26-000078-index.htm)
- 8-K · filed 2026-06-30 · 2.02 Results of Operations and Financial Condition; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/876167/000087616726000077/0000876167-26-000077-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000876167.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=876167

## Cite

POPS4, Edgar & Edgarette: PROGRESS SOFTWARE CORP /MA (PRGS) company card, from the company's own SEC filings, accessed 2026-11-07, https://www.pops4.com/boards/company/PRGS. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.