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Progress Software PRGS Q3 2026 earnings

Reported September 30, 2026 · After market close

Revenue$246.0MMiss by $1.3M
EPS$1.69Beat by $0.17
Revenue estimate$247.3M
EPS estimate$1.52

Next report

Date not yet announced

Financials

Q3 2026

Income statement

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Revenue$246.0M-1.5%
Gross profit$203.5M+0.6%
Operating income$46.6M+6.1%
Net income$22.8M+17.3%
EPS (diluted)$0.55+25.0%

Balance sheet

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Cash & equivalents$113.7M+14.8%
Total debt$822.4M-18.6%
Total equity$530.0M+10.9%
Total assets$2.3B-4.9%

Cash flow

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Operating cash flow$88.0M+19.8%
CapEx$1.7M+60.7%
Free cash flow$86.3M+19.2%

Valuation & ratios

Valuation

as of 09/30/26
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Market cap$1.62B-14.2%
Enterprise value$2.33B-16.8%
P/E17.5×-21.3×
P/S1.6×-0.4×

Profitability

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Gross margin82.2%+1.1pp
Operating margin17.7%+3.1pp
Net margin9.2%+4.1pp
FCF margin31.9%+12.1pp

Returns & leverage

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Return on equity18.3%+7.6pp
Debt / equity1.6×-0.6×
Current ratio0.8×+0.4×

Segments

By geography

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North America$159.4M-2.5%
EMEA$69.0M+1.0%
Asia Pacific$11.2M-5.4%
Latin America$6.5M+3.8%

By product

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Maintenance$100.0M-4.6%
SaaS$72.6M+1.6%
Software licenses$63.6M+0.2%
Professional services$9.8M-1.9%

By segment

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Reportable Segment$246.0M-1.5%

FAQ

When did Progress Software report Q3 2026 earnings?
Progress Software (PRGS) reported Q3 2026 earnings on September 30, 2026 after market close.
What were Progress Software's Q3 2026 revenue and EPS?
Progress Software reported revenue of $246.0M and eps of $1.69 for Q3 2026.
Did Progress Software beat estimates in Q3 2026?
Revenue missed the consensus estimate of $247.3M by $1.3M. EPS beat the consensus estimate of $1.52 by $0.17.
How did Progress Software's Q3 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 1.5% from $249.8M a year earlier and eps grew 12.7% from $1.50.
Where can I find Progress Software's Q3 2026 SEC filings?
You can read the 8-K earnings release (0000876167-26-000110) and the 10-Q periodic report (0000876167-26-000111) directly on SEC EDGAR. The filing index links above go to sec.gov.