What is Progress Software's market cap?

Progress Software (PRGS) has a market capitalization of $1.7B and trades on NASDAQ.

What is Progress Software's revenue and profitability?

Progress Software generated $1.0B in trailing twelve-month revenue with net income of $89.0M, representing a net margin of 8.6%. Gross margin stands at 81.8%, with free cash flow of $305.2M. These figures are based on the Q2 2026 filing.

Who are Progress Software's competitors?

Progress Software's key competitors include IBM, Microsoft, Oracle, and others. These companies compete in similar markets and product categories.

What subsidiaries does Progress Software have?

Progress Software's subsidiaries include Ipswitch, Chef Software, Kemp Technologies, and others.

Where is Progress Software headquartered?

Progress Software is headquartered in United States of America and employs approximately 2,284 people. It has been publicly traded since 1991.

Progress Software

PRGS

Market cap

$1.65B-13.5%

Revenue$1.0B+15.5%

Net income$89.0M+54.6%

Free cash flow$305.2M+79.0%

EPS (diluted)$2.06+58.5%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q2 2026 report

June 30, 2026

Revenue$253.5MBeat by $10.7M EPS$0.50Miss by $0.99

Read the full report

Next report

Sep 28, 2026 (in 2 months)

Revenue estimate$246.7M

EPS estimate$1.49

Financials

Q2 2026

Income statement

See full

Revenue$253.5M+6.8%

Gross profit$208.6M+9.7%

Operating income$45.2M+17.1%

Net income$21.1M+23.7%

EPS (diluted)$0.50+28.2%

Balance sheet

See full

Cash & equivalents$103.0M+1.0%

Total debt$884.6M-15.7%

Total equity$506.1M+11.8%

Total assets$2.3B-2.8%

Cash flow

See full

Operating cash flow$78.8M+163%

CapEx$1.9M+277%

Free cash flow$77.0M+161%

Valuation & ratios

Valuation

See full

Market cap$1.65B-13.5%

Enterprise value$2.44B-20.5%

P/E18.6×—

P/S1.7×-0.7×

Profitability

See full

Gross margin81.8%+0.1pp

Operating margin17.3%+2.0pp

FCF margin24.3%+4.6pp

Returns & leverage

See full

Debt / equity1.7×-0.6×

Current ratio0.8×+0.4×

Segments

By geography

See full

North America$162.5M+10.3%

EMEA$70.6M-3.3%

Asia Pacific$14.5M+19.8%

Latin America$5.8M+19.3%

By product

See full

Maintenance$101.2M-2.2%

SaaS$73.0M+1.2%

Software licenses$69.0M+35.8%

Professional services$10.3M-6.4%

By segment

See full

Reportable Segment$253.5M+6.8%

Competitors

By market cap

Microsoft$3.35T-15.5%

Broadcom Inc.$1.85T+33.6%

Oracle$367.43B-48.5%

International Business Machines$208.91B-11.4%

ROP

Roper Technologies, Inc.$38.5B-34.9%

EPAM Systems$5.4B-39.4%

Insight Enterprises$3.9B+1.9%

Progress Software$1.7B-20.2%

By revenue growth

Broadcom Inc.+32.3%

Microsoft+17.8%

Oracle+17.3%

Progress Software+15.5%

EPAM Systems+14.2%

ROP

Roper Technologies, Inc.+10.9%

Insight Enterprises-1.8%

By net margin

Microsoft40.31%+4.2pp

Broadcom Inc.38.85%+16.2pp

ROP

Roper Technologies, Inc.30.24%+9.6pp

Oracle25.37%+3.7pp

International Business Machines15.61%—

Progress Software8.61%+2.2pp

EPAM Systems6.96%-1.5pp

Insight Enterprises2.17%-0.1pp

Profile

Progress Software provides a comprehensive suite of software products designed to help organizations develop, deploy, and manage high-performance, AI-powered business applications and digital experiences. The company focuses on driving predictable recurring revenue through a streamlined operating model and a total growth strategy centered on the accretive acquisition of infrastructure and developer tool businesses. Their value proposition lies in enabling enterprise agility and operational efficiency across hybrid cloud ecosystems.

Competitive position

Progress maintains a strong position by offering a broad portfolio of mission-critical infrastructure tools and leveraging a vast network of ISVs and OEMs that embed its technology into their own solutions.

GeographiesNorth America, EMEA, Asia Pacific, Latin America

Customer segmentsEnterprise, SME, Government, Developers

Business modelSubscription SaaS, Perpetual Licensing, Term Licensing, Maintenance and Support

SuppliersOpen source software contributors, Cloud infrastructure providers, Hardware manufacturers for load balancers

CustomersIndependent Software Vendors (ISVs), Original Equipment Manufacturers (OEMs), Systems Integrators, Value-Added Resellers (VARs), Direct Enterprise End-Users

CountryUnited States of America

Listed1991

Employees2.3K

CEOYogesh K. Gupta

SectorTechnology

IndustrySoftware - Application

Websiteprogress.com

FilingsSEC EDGAR

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Questions, answered.

What is Progress Software's market cap?: Progress Software (PRGS) has a market capitalization of $1.7B and trades on NASDAQ.
What is Progress Software's revenue and profitability?: Progress Software generated $1.0B in trailing twelve-month revenue with net income of $89.0M, representing a net margin of 8.6%. Gross margin stands at 81.8%, with free cash flow of $305.2M. These figures are based on the Q2 2026 filing.
Who are Progress Software's competitors?: Progress Software's key competitors include IBM, Microsoft, Oracle, and others. These companies compete in similar markets and product categories.
What subsidiaries does Progress Software have?: Progress Software's subsidiaries include Ipswitch, Chef Software, Kemp Technologies, and others.
Where is Progress Software headquartered?: Progress Software is headquartered in United States of America and employs approximately 2,284 people. It has been publicly traded since 1991.