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Progress Software PRGS Maintenance, SaaS, and professional services — Cost of revenue

Other product segments

Software licenses
$3.68M+23.0%

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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$1.76B-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:CostOfGoodsAndServicesSold.

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
Total revenue253,465237,355501,264475,370
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:

Item 1. Financial Statements (Unaudited)

FAQ

What is Progress Software's maintenance, saas, and professional services — cost of revenue?
Progress Software (PRGS) reported maintenance, saas, and professional services — cost of revenue of $32.26M in Q1 2026.
How has Progress Software's maintenance, saas, and professional services — cost of revenue changed year-over-year?
Progress Software's maintenance, saas, and professional services — cost of revenue decreased by 4.5% year-over-year, from $33.76M to $32.26M.
What is the long-term trend for Progress Software's maintenance, saas, and professional services — cost of revenue?
Over 4 years (2021 to 2025), Progress Software's maintenance, saas, and professional services — cost of revenue has grown at a 23.1% compound annual growth rate (CAGR), from $58.24M to $133.75M.
What does maintenance, saas, and professional services — cost of revenue mean?
This metric captures the direct costs associated with delivering maintenance, SaaS, and professional services, including hosting infrastructure, support personnel, and service delivery overhead. Monitoring this figure is essential for assessing the direct profitability and scalability of the company's service-oriented business lines. It provides insight into the efficiency of service delivery models as the company scales its cloud and subscription offerings.

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