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Progress Software PRGS Professional services — Total Revenue

Other product segments

Maintenance
$101.22M-2.2%
SaaS
$73.01M+1.2%
Software licenses
$68.98M+35.8%

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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$1.71B-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: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)Three Months Ended / May 31, 2026Three Months Ended / May 31, 2025Six Months Ended / May 31, 2026Six Months Ended / May 31, 2025
Performance obligations transferred at a point in time:
Software licenses$68,979$50,795$136,560$109,240
Performance obligations transferred over time:
Maintenance101,222103,491201,561203,026
SaaS73,00572,105143,466141,515
Professional services10,25910,96419,67721,589
Total revenue$253,465$237,355$501,264$475,370

Item 1. Financial Statements (Unaudited)

FAQ

What is Progress Software's professional services — total revenue?
Progress Software (PRGS) reported professional services — total revenue of $10.26M in Q1 2026.
How has Progress Software's professional services — total revenue changed year-over-year?
Progress Software's professional services — total revenue decreased by 6.4% year-over-year, from $10.96M to $10.26M.
What is the long-term trend for Progress Software's professional services — total revenue?
Over 4 years (2021 to 2025), Progress Software's professional services — total revenue has grown at a -3.8% compound annual growth rate (CAGR), from $48.86M to $41.84M.
What does professional services — total revenue mean?
This metric represents the total revenue generated from professional services, including consulting, implementation, training, and custom development engagements provided to customers. It reflects the company's ability to monetize specialized expertise and support services that complement its core software product offerings. Monitoring this revenue stream helps investors assess the demand for value-added services and the overall depth of the company's customer engagement strategy.

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