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Progress Software PRGS Q2 2025 earnings

Reported June 30, 2025 · After market close

Revenue$237.4MMiss by $2.6M
EPS$1.40Beat by $0.10
Revenue estimate$240.0M
EPS estimate$1.30

Next report

Date not yet announced

Financials

Q2 2025

Income statement

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Revenue$237.4M+35.6%
Gross profit$190.1M+32.9%
Operating income$38.6M+42.2%
Net income$17.0M+5.2%
EPS (diluted)$0.39+5.4%

Balance sheet

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Cash & equivalents$102.0M-46.4%
Total debt$1.0B+5,302%
Total equity$452.7M+12.7%
Total assets$2.4B+52.1%

Cash flow

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Operating cash flow$30.0M-52.9%
CapEx$495.0K-48.2%
Free cash flow$29.5M-53.0%

Valuation & ratios

Valuation

as of 05/31/25
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Market cap$2.66B+19.9%
Enterprise value$3.61B+76.2%
P/E46.2×+15.9×
P/S3.1×-0.1×

Profitability

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Gross margin81.7%+0.2pp
Operating margin15.3%-0.7pp
Net margin6.6%-3.7pp
FCF margin19.6%-9.7pp

Returns & leverage

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Return on equity13.5%-4.4pp
Debt / equity2.3×+2.3×
Current ratio0.4×-0.7×

Segments

By geography

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North America$147.3M+43.2%
EMEA$73.0M+26.9%
Asia Pacific$12.1M+20.9%
Latin America$4.9M+5.5%

By product

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Maintenance$103.5M+1.0%
SaaS$72.1M+1,104%
Software licenses$50.8M-5.9%
Professional services$11.0M-13.0%

By segment

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Reportable Segment$237.4M+26.0%

FAQ

When did Progress Software report Q2 2025 earnings?
Progress Software (PRGS) reported Q2 2025 earnings on June 30, 2025 after market close.
What were Progress Software's Q2 2025 revenue and EPS?
Progress Software reported revenue of $237.4M and eps of $1.40 for Q2 2025.
Did Progress Software beat estimates in Q2 2025?
Revenue missed the consensus estimate of $240.0M by $2.6M. EPS beat the consensus estimate of $1.30 by $0.10.
How did Progress Software's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 35.6% from $175.1M a year earlier and eps grew 28.4% from $1.09.
Where can I find Progress Software's Q2 2025 SEC filings?
You can read the 8-K earnings release (0000876167-25-000084) and the 10-Q periodic report (0000876167-25-000085) directly on SEC EDGAR. The filing index links above go to sec.gov.