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Progress Software PRGS SaaS — Total Revenue

Other product segments

Maintenance
$101.22M-2.2%
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$1.71B-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 saas — total revenue?
Progress Software (PRGS) reported saas — total revenue of $73.01M in Q1 2026.
How has Progress Software's saas — total revenue changed year-over-year?
Progress Software's saas — total revenue increased by 1.2% year-over-year, from $72.11M to $73.01M.
What is the long-term trend for Progress Software's saas — total revenue?
Over 2 years (2023 to 2025), Progress Software's saas — total revenue has grown at a 273.0% compound annual growth rate (CAGR), from $20.69M to $287.93M.
What does saas — total revenue mean?
This metric represents the total revenue generated specifically from cloud-based, subscription-model software offerings within the company's portfolio. It captures the financial performance of the segment transitioning toward recurring revenue streams as opposed to traditional perpetual licensing models. Growth in this metric indicates successful adoption of the company's cloud-native strategy and the expansion of its recurring revenue base.

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