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Progress Software PRGS Accounts Receivable, Credit Loss Expense (Reversal)

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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$1.78B-4.8%
Enterprise value$2.56B-10.3%
P/E19.9×-20.2×
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:ProvisionForDoubtfulAccounts.

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)Six Months Ended / May 31, 2026Six Months Ended / May 31, 2025
Stock-based compensation38,98331,424
Non-cash lease expense4,7615,878
Deferred income taxes(895)(6,131)
Credit losses and other sales allowances7,0951,991
Changes in operating assets and liabilities:
Accounts receivable46,05723,635
Other assets6,4773,656
Accounts payable and accrued liabilities(32,587)(38,869)

Item 1. Financial Statements (Unaudited)

FAQ

What is Progress Software's accounts receivable, credit loss expense (reversal)?
Progress Software (PRGS) reported accounts receivable, credit loss expense (reversal) of $4.51M in Q1 2026.
How has Progress Software's accounts receivable, credit loss expense (reversal) changed year-over-year?
Progress Software's accounts receivable, credit loss expense (reversal) increased by 574.7% year-over-year, from $668K to $4.51M.
What is the long-term trend for Progress Software's accounts receivable, credit loss expense (reversal)?
Over 2 years (2022 to 2025), Progress Software's accounts receivable, credit loss expense (reversal) has grown at a 141.6% compound annual growth rate (CAGR), from $774K to $4.52M.

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