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Progress Software PRGS Amortization of acquired technology

Amortization of acquired technology at other companies

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$42.88M-9.0%

Other financials

Income statement

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Revenue$253.5M+6.8%
Gross profit$208.6M+9.7%
Operating income$45.2M+17.1%
Net income$21.1M+23.7%
EPS (diluted)$0.50+28.2%

Balance sheet

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Cash & equivalents$103.0M+1.0%
Total debt$884.6M-15.7%
Total equity$506.1M+11.8%
Total assets$2.3B-2.8%

Cash flow

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Operating cash flow$78.8M+163%
CapEx$1.9M+277%
Free cash flow$77.0M+161%

Valuation

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Market cap$1.76B-5.8%
Enterprise value$2.54B-10.9%
P/E19.7×-20.0×
P/S1.8×-0.4×

Profitability

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Gross margin81.8%+0.1pp
Operating margin17.3%+2.0pp
Net margin8.6%+1.6pp
FCF margin24.3%+4.6pp

Returns & leverage

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Return on equity18.3%+5.6pp
Debt / equity1.7×-0.6×
Current ratio0.8×+0.4×

Where this comes from

Reported directly by Progress Software in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSoldAmortization.

The source filing: Progress Software’s 10-Q, filed June 30, 2026.

Filed
Jun 30, 2026, 4:10 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000876167-26-000078
(in thousands, except per share data)Three Months Ended / May 31, 2026Three Months Ended / May 31, 2025Six Months Ended / May 31, 2026Six Months Ended / May 31, 2025
Costs of revenue:
Cost of software licenses3,6752,9876,6885,912
Cost of maintenance, SaaS, and professional services32,25933,76464,35966,648
Amortization of acquired intangibles8,93810,53717,68920,959
Total costs of revenue44,87247,28888,73693,519
Gross profit208,593190,067412,528381,851
Operating expenses:
Sales and marketing54,34149,677106,338100,973

Item 1. Financial Statements (Unaudited)

FAQ

What is Progress Software's amortization of acquired technology?
Progress Software (PRGS) reported amortization of acquired technology of $8.94M in Q1 2026.
How has Progress Software's amortization of acquired technology changed year-over-year?
Progress Software's amortization of acquired technology decreased by 15.2% year-over-year, from $10.54M to $8.94M.
What is the long-term trend for Progress Software's amortization of acquired technology?
Over 4 years (2021 to 2025), Progress Software's amortization of acquired technology has grown at a 28.9% compound annual growth rate (CAGR), from $14.94M to $41.23M.
What does amortization of acquired technology mean?
This represents the non-cash expense related to the systematic allocation of the cost of acquired technology assets over their estimated useful lives. It reflects the consumption of value from intellectual property obtained through business combinations that is directly attributable to the delivery of products and services. Investors monitor this to understand the impact of past acquisitions on current cost of revenue and gross margin profiles.

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