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Progress Software PRGS Software licenses — Cost of revenue

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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:CostOfGoodsAndServicesSold.

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
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
Total costs of revenue44,87247,28888,73693,519
Gross profit208,593190,067412,528381,851

Item 1. Financial Statements (Unaudited)

FAQ

What is Progress Software's software licenses — cost of revenue?
Progress Software (PRGS) reported software licenses — cost of revenue of $3.68M in Q1 2026.
How has Progress Software's software licenses — cost of revenue changed year-over-year?
Progress Software's software licenses — cost of revenue increased by 23.0% year-over-year, from $2.99M to $3.68M.
What is the long-term trend for Progress Software's software licenses — cost of revenue?
Over 4 years (2021 to 2025), Progress Software's software licenses — cost of revenue has grown at a 24.4% compound annual growth rate (CAGR), from $5.27M to $12.61M.
What does software licenses — cost of revenue mean?
This metric captures the direct costs associated with delivering and supporting the software licenses sold within a specific business segment. These costs typically include expenses related to product distribution, technical support, and the maintenance of the infrastructure required to fulfill license agreements. Monitoring this metric is essential for evaluating the direct profitability and cost-efficiency of the software licensing business model.

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