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Progress Software PRGS Software licenses — Total Revenue

Other product segments

Maintenance
$101.22M-2.2%
SaaS
$73.01M+1.2%
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, 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
Revenue:
Software licenses$68,979$50,795$136,560$109,240
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

Item 1. Financial Statements (Unaudited)

FAQ

What is Progress Software's software licenses — total revenue?
Progress Software (PRGS) reported software licenses — total revenue of $68.98M in Q1 2026.
How has Progress Software's software licenses — total revenue changed year-over-year?
Progress Software's software licenses — total revenue increased by 35.8% year-over-year, from $50.8M to $68.98M.
What is the long-term trend for Progress Software's software licenses — total revenue?
Over 4 years (2021 to 2025), Progress Software's software licenses — total revenue has grown at a 11.0% compound annual growth rate (CAGR), from $156.59M to $237.89M.
What does software licenses — total revenue mean?
This metric represents the total gross revenue generated from the sale of perpetual software licenses within a specific business segment. It reflects the top-line performance of the company's core software products before the deduction of any direct costs. Tracking this figure helps investors assess the market demand and adoption rates for the company's licensed software offerings.

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