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Progress Software PRGS Reportable Segment — Product development
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Where this comes from
Reported directly by Progress Software in its filing.
Tagged under the XBRL concept prgs:ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCostAdjusted.
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, 2026 | Three Months Ended / May 31, 2025 | Six Months Ended / May 31, 2026 | Six Months Ended / May 31, 2025 |
|---|---|---|---|---|
| Revenue | $253,465 | $237,355 | $501,264 | $475,370 |
| Costs of revenue (1) | 34,426 | 35,191 | 67,921 | 69,805 |
| Sales and marketing (2) | 50,282 | 46,014 | 98,196 | 94,278 |
| Product development (2) | 42,993 | 41,586 | 87,872 | 83,551 |
| General and administrative (2) | 23,141 | 19,103 | 42,467 | 38,680 |
| Stock-based compensation | 20,509 | 16,741 | 38,983 | 31,424 |
| Amortization of intangibles | 35,105 | 36,600 | 69,473 | 72,830 |
| Other segment items, net (3) | 25,936 | 25,091 | 52,466 | 56,827 |
Item 1. Financial Statements (Unaudited)
FAQ
- What is Progress Software's reportable segment — product development?
- Progress Software (PRGS) reported reportable segment — product development of $42.99M in Q1 2026.
- How has Progress Software's reportable segment — product development changed year-over-year?
- Progress Software's reportable segment — product development increased by 3.4% year-over-year, from $41.59M to $42.99M.
- What does reportable segment — product development mean?
- Captures the costs associated with research, design, and engineering efforts to enhance existing software products or develop new technological solutions. This investment is vital for maintaining the segment's competitive advantage and long-term innovation pipeline. It reflects the company's strategic commitment to product evolution and technical leadership.
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