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Progress Software PRGS Operating Income

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Other financials

Income statement

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Revenue$253.5M+6.8%
Gross profit$208.6M+9.7%
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$1.71B-10.4%
Enterprise value$2.5B-13.9%
P/E19.3×-19.5×
P/S1.7×-0.5×

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:OperatingIncomeLoss.

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
Restructuring expenses1,4801,0432,1868,072
Acquisition-related expenses(939)1,731(125)4,221
Total operating expenses163,391151,451320,861310,809
Income from operations45,20238,61691,66771,042
Other (expense) income:
Interest expense(15,911)(18,138)(31,157)(36,567)
Interest income and other, net233294550781
Foreign currency loss, net(684)(908)(1,928)(2,090)

Item 1. Financial Statements (Unaudited)

FAQ

What is Progress Software's operating income?
Progress Software (PRGS) reported operating income of $45.2M in Q1 2026.
How has Progress Software's operating income changed year-over-year?
Progress Software's operating income increased by 17.1% year-over-year, from $38.62M to $45.2M.
What is the long-term trend for Progress Software's operating income?
Over 4 years (2021 to 2025), Progress Software's operating income has grown at a 7.2% compound annual growth rate (CAGR), from $116.1M to $153.29M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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