Skip to content
Screener

Progress Software PRGS Q1 2025 earnings

Reported March 31, 2025 · After market close

Revenue$238.0MBeat by $2.4M
EPS$1.31Beat by $0.25
Revenue estimate$235.6M
EPS estimate$1.06

Next report

Date not yet announced

Financials

Q1 2025

Income statement

See full
Revenue$238.0M+28.9%
Gross profit$191.8M+26.3%
Operating income$32.4M-7.4%
Net income$10.9M-51.6%
EPS (diluted)$0.24-52.9%

Balance sheet

See full
Cash & equivalents$124.2M-6.8%
Total debt$733.2M+105%
Total equity$431.8M-6.5%
Total assets$2.5B+59.1%

Cash flow

See full
Operating cash flow$68.9M-2.2%
CapEx$1.3M+317%
Free cash flow$67.7M-3.6%

Valuation & ratios

Valuation

as of 02/28/25
See full
Market cap$2.37B+1.4%
Enterprise value$2.98B+16.3%
P/E41.8×+8.0×
P/S2.9×-0.3×

Profitability

See full
Gross margin82.2%+0.8pp
Operating margin15.1%-0.3pp
Net margin7%-2.6pp
FCF margin25.3%-1.6pp

Returns & leverage

See full
Return on equity12.7%-3.1pp
Debt / equity1.7×+0.9×
Current ratio0.8×-0.2×

Segments

By geography

See full
North America$154.6M+44.1%
EMEA$66.9M+6.1%
Asia Pacific$11.4M+17.9%
Latin America$5.1M+8.2%

By product

See full
Maintenance$99.5M-2.4%
SaaS$69.4M+1,146%
Software licenses$58.4M-8.8%
Professional services$10.6M-18.2%

By segment

See full
Reportable Segment$238.0M+26.4%

FAQ

When did Progress Software report Q1 2025 earnings?
Progress Software (PRGS) reported Q1 2025 earnings on March 31, 2025 after market close.
What were Progress Software's Q1 2025 revenue and EPS?
Progress Software reported revenue of $238.0M and eps of $1.31 for Q1 2025.
Did Progress Software beat estimates in Q1 2025?
Revenue beat the consensus estimate of $235.6M by $2.4M. EPS beat the consensus estimate of $1.06 by $0.25.
Where can I find Progress Software's Q1 2025 SEC filings?
You can read the 8-K/A earnings release (0000876167-25-000053) and the 10-Q periodic report (0000876167-25-000052) directly on SEC EDGAR. The filing index links above go to sec.gov.