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Progress Software PRGS Q1 2026 earnings

Reported March 30, 2026 · After market close

Revenue$247.8MBeat by $1.4M
EPS$1.60Beat by $0.03
Revenue estimate$246.4M
EPS estimate$1.57

Next report

Sep 28, 2026 (in 2 months)
Revenue estimate$246.7M
EPS estimate$1.49

Financials

Q1 2026

Income statement

See full
Revenue$247.8M+4.1%
Gross profit$203.9M+6.3%
Operating income$46.5M+43.3%
Net income$22.8M+108%
EPS (diluted)$0.53+121%

Balance sheet

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Cash & equivalents$113.2M-8.9%
Total debt$1.3B+76.4%
Total equity$498.8M+15.5%
Total assets$2.4B-2.7%

Cash flow

See full
Operating cash flow$98.6M+43.0%
CapEx$2.7M+110%
Free cash flow$95.9M+41.8%

Valuation & ratios

Valuation

as of 02/28/26
See full
Market cap$1.76B-25.6%
Enterprise value$2.94B-1.2%
P/E20.7×-21.0×
P/S1.8×-1.2×

Profitability

See full
Gross margin81.2%-0.9pp
Operating margin16.9%+1.9pp
Net margin8.6%+1.6pp
FCF margin26.1%+0.8pp

Returns & leverage

See full
Return on equity18.3%+5.6pp
Debt / equity2.6×+0.9×
Current ratio0.5×-0.3×

Segments

By geography

See full
North America$152.7M-1.3%
EMEA$78.4M+17.1%
Asia Pacific$11.2M-1.5%
Latin America$5.5M+9.4%

By product

See full
Maintenance$100.3M+0.8%
SaaS$70.5M+1.5%
Software licenses$67.6M+15.6%
Professional services$9.4M-11.4%

By segment

See full
Reportable Segment$247.8M+4.1%

Versus estimates

Revenue

Q2 2026$253.5MBeat by $10.7M
Q1 2026$247.8MBeat by $1.4M
Q3 2025$249.8MBeat by $9.7MQ2 2025$237.4MMiss by $2.6MQ1 2025$238.0MBeat by $2.4MQ3 2024$178.7MBeat by $2.5M

Diluted EPS

Q2 2026$0.50Miss by $0.99
Q1 2026$1.60Beat by $0.03
Q3 2025$1.50Beat by $0.20Q2 2025$1.40Beat by $0.10Q1 2025$1.31Beat by $0.25Q3 2024$1.26Beat by $0.12

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Questions, answered.

When did Progress Software report Q1 2026 earnings?
Progress Software (PRGS) reported Q1 2026 earnings on March 30, 2026 after market close.
What were Progress Software's Q1 2026 revenue and EPS?
Progress Software reported revenue of $247.8M and eps of $1.60 for Q1 2026.
Did Progress Software beat estimates in Q1 2026?
Revenue beat the consensus estimate of $246.4M by $1.4M. EPS beat the consensus estimate of $1.57 by $0.03.
How did Progress Software's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 4.1% from $238.0M a year earlier and eps grew 22.1% from $1.31.
Where can I find Progress Software's Q1 2026 SEC filings?
You can read the 8-K earnings release (0000876167-26-000050) and the 10-Q periodic report (0000876167-26-000051) directly on SEC EDGAR. The filing index links above go to sec.gov.