What is Progress Software's net debt?

Progress Software (PRGS) reported net debt of $1.18B in Q4 2025.

How has Progress Software's net debt changed year-over-year?

Progress Software's net debt increased by 93.8% year-over-year, from $609.07M to $1.18B.

What is the long-term trend for Progress Software's net debt?

Over 5 years (2020 to 2025), Progress Software's net debt has grown at a 31.5% compound annual growth rate (CAGR), from $318.49M to $1.25B.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Progress Software PRGS Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

Cabot CorporationCBT

1.1×-0.3×

Travel + LeisureTNL

6×+1.6×

UnifirstUNF

-0.2×-0.1×

HES

Hess MidstreamHESM

3.1×-0.1×

Dave, Inc.DAVE

-0.6×-1.0×

TDA

USA TODAY Co., Inc.TDAY

8.8×+4.2×

Other financials

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

See full

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

See full

Market cap$1.26B-53.2%

Enterprise value$2.44B-32.9%

P/E14.8×-31.9×

P/S1.3×-1.8×

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×

Where this comes from

Calculated from Progress Software’s reported figures.

$1.3Btotal debt−$113.2Mcash and equivalents=$1.18B

The official record: Progress Software’s 10-Q, filed March 31, 2026, on SEC EDGAR. View the filing →

Ask your AI about Progress Software's net debt.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Progress Software's net debt?: Progress Software (PRGS) reported net debt of $1.18B in Q4 2025.
How has Progress Software's net debt changed year-over-year?: Progress Software's net debt increased by 93.8% year-over-year, from $609.07M to $1.18B.
What is the long-term trend for Progress Software's net debt?: Over 5 years (2020 to 2025), Progress Software's net debt has grown at a 31.5% compound annual growth rate (CAGR), from $318.49M to $1.25B.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.