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Progress Software PRGS Maintenance, SaaS, and professional services — Total Revenue

Other product segments

Maintenance
$101.22M-2.2%
SaaS
$73.01M+1.2%
Software licenses
$68.98M+35.8%
Professional services
$10.26M-6.4%

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

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
Revenue:
Software licenses$68,979$50,795$136,560$109,240
Maintenance, SaaS, and professional services184,486186,560364,704366,130
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

Item 1. Financial Statements (Unaudited)

FAQ

What is Progress Software's maintenance, saas, and professional services — total revenue?
Progress Software (PRGS) reported maintenance, saas, and professional services — total revenue of $184.49M in Q1 2026.
How has Progress Software's maintenance, saas, and professional services — total revenue changed year-over-year?
Progress Software's maintenance, saas, and professional services — total revenue decreased by 1.1% year-over-year, from $186.56M to $184.49M.
What is the long-term trend for Progress Software's maintenance, saas, and professional services — total revenue?
Over 4 years (2021 to 2025), Progress Software's maintenance, saas, and professional services — total revenue has grown at a 18.5% compound annual growth rate (CAGR), from $374.72M to $739.94M.
What does maintenance, saas, and professional services — total revenue mean?
This metric represents the total revenue generated from recurring maintenance contracts, software-as-a-service (SaaS) subscriptions, and professional service engagements. It serves as a key indicator of the company's ability to monetize its installed base through ongoing support and cloud-based service delivery. Growth in this area reflects the successful transition toward a recurring revenue model and high customer retention.

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