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Progress Software PRGS Reportable Segment — Product development

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Other financials

Income statement

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Revenue$247.8M+4.1%
Gross profit$203.9M+6.3%
Operating income$46.5M+43.3%
Net income$22.8M+108%
EPS (diluted)$0.53+121%

Balance sheet

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Cash & equivalents$113.2M-8.9%
Total debt$1.3B+76.4%
Total equity$498.8M+15.5%
Total assets$2.4B-2.7%

Cash flow

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Operating cash flow$98.6M+43.0%
CapEx$2.7M+110%
Free cash flow$95.9M+41.8%

Valuation

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Market cap$1.26B-25.6%
Enterprise value$2.44B-1.2%
P/E14.8×-15.0×
P/S1.3×-0.8×

Profitability

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Gross margin81.2%-0.9pp
Operating margin16.9%+1.9pp
Net margin8.6%+1.6pp
FCF margin26.1%+0.8pp

Returns & leverage

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Return on equity18.3%+5.6pp
Debt / equity2.6×+0.9×
Current ratio0.5×-0.3×

Where this comes from

Reported directly by Progress Software in its filing.

Tagged under the XBRL concept prgs:ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCostAdjusted.

The official record: Progress Software’s 10-Q, filed March 31, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Progress Software's reportable segment — product development?
Progress Software (PRGS) reported reportable segment — product development of $44.88M in Q4 2025.
How has Progress Software's reportable segment — product development changed year-over-year?
Progress Software's reportable segment — product development increased by 6.9% year-over-year, from $41.97M to $44.88M.
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.