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Progress Software PRGS Q3 2025 earnings

Reported September 29, 2025 · After market close

Revenue$249.8MBeat by $9.7M
EPS$1.50Beat by $0.20
Revenue estimate$240.1M
EPS estimate$1.30

Next report

Date not yet announced

Financials

Q3 2025

Income statement

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Revenue$249.8M+39.8%
Gross profit$202.3M+35.2%
Operating income$43.9M+8.7%
Net income$19.4M-31.8%
EPS (diluted)$0.44-32.3%

Balance sheet

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Cash & equivalents$99.0M-57.5%
Total debt$1.0B+5,682%
Total equity$477.7M+12.2%
Total assets$2.4B+49.5%

Cash flow

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Operating cash flow$73.4M+27.4%
CapEx$1.1M-0.8%
Free cash flow$72.4M+27.9%

Valuation & ratios

Valuation

as of 08/31/25
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Market cap$2B-20.6%
Enterprise value$2.91B+26.5%
P/E41.1×+10.7×
P/S2.1×-1.4×

Profitability

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Gross margin81.1%-1.1pp
Operating margin14.5%-3.0pp
Net margin5.2%-6.4pp
FCF margin19.8%-11.0pp

Returns & leverage

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Return on equity10.7%-8.2pp
Debt / equity2.1×+2.1×
Current ratio0.4×-0.8×

Segments

By geography

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North America$163.4M+56.6%
EMEA$68.3M+19.8%
Asia Pacific$11.8M-0.8%
Latin America$6.2M+16.0%

By product

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Maintenance$104.8M+1.7%
SaaS$71.5M+1,076%
Software licenses$63.4M+9.7%
Professional services$10.0M-14.3%

By segment

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Reportable Segment$249.8M+32.6%

FAQ

When did Progress Software report Q3 2025 earnings?
Progress Software (PRGS) reported Q3 2025 earnings on September 29, 2025 after market close.
What were Progress Software's Q3 2025 revenue and EPS?
Progress Software reported revenue of $249.8M and eps of $1.50 for Q3 2025.
Did Progress Software beat estimates in Q3 2025?
Revenue beat the consensus estimate of $240.1M by $9.7M. EPS beat the consensus estimate of $1.30 by $0.20.
How did Progress Software's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 39.8% from $178.7M a year earlier and eps grew 19.0% from $1.26.
Where can I find Progress Software's Q3 2025 SEC filings?
You can read the 8-K earnings release (0000876167-25-000142) and the 10-Q periodic report (0000876167-25-000143) directly on SEC EDGAR. The filing index links above go to sec.gov.