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Progress Software PRGS Non-cash lease expense

Non-cash lease expense at other companies

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Central Garden & Pet CompanyCENT
$14.46M-2.7%
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BigBear.aiBBAI
$233K-37.0%
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Inhibrx Biosciences, Inc.INBX
$450.75K-5.0%
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$5.18M-4.3%
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Delek US HoldingsDK
$5.9M-9.2%
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Protagonist TherapeuticsPTGX
$439K-22.8%

Other financials

Income statement

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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

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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

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Operating cash flow$98.6M+43.0%
CapEx$2.7M+110%
Free cash flow$95.9M+41.8%

Valuation

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Market cap$1.26B-25.6%
Enterprise value$2.44B-1.2%
P/E14.8×-15.0×
P/S1.3×-0.8×

Profitability

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Gross margin81.2%-0.9pp
Operating margin16.9%+1.9pp
Net margin8.6%+1.6pp
FCF margin26.1%+0.8pp

Returns & leverage

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Return on equity18.3%+5.6pp
Debt / equity2.6×+0.9×
Current ratio0.5×-0.3×

Where this comes from

Reported directly by Progress Software in its filing.

Tagged under the XBRL concept prgs:NoncashLeaseExpense.

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

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Questions, answered.

What is Progress Software's non-cash lease expense?
Progress Software (PRGS) reported non-cash lease expense of $2.32M in Q4 2025.
How has Progress Software's non-cash lease expense changed year-over-year?
Progress Software's non-cash lease expense decreased by 32.6% year-over-year, from $3.44M to $2.32M.
What is the long-term trend for Progress Software's non-cash lease expense?
Over 4 years (2021 to 2025), Progress Software's non-cash lease expense has grown at a 0.5% compound annual growth rate (CAGR), from $10.95M to $11.18M.
What does non-cash lease expense mean?
This represents the non-cash portion of lease expenses recognized in the income statement, typically associated with the amortization of right-of-use assets under accounting standards like ASC 842. It is added back to net income in the cash flow statement because it does not involve an immediate cash outflow. Tracking this helps analysts distinguish between actual cash rent payments and accounting-driven lease expenses.