What is Progress Software's quick ratio?

Progress Software (PRGS) reported quick ratio of 0.5× in Q4 2025.

How has Progress Software's quick ratio changed year-over-year?

Progress Software's quick ratio decreased by 40.9% year-over-year, from 0.8× to 0.5×.

What is the long-term trend for Progress Software's quick ratio?

Over 5 years (2020 to 2025), Progress Software's quick ratio has grown at a -11.5% compound annual growth rate (CAGR), from 0.9× to 0.5×.

What does quick ratio mean?

Current assets excluding inventory, divided by current liabilities at the quarter end (the 'acid-test'). A stricter liquidity measure that excludes the least-liquid current asset.

Progress Software PRGS Quick ratio

Quick ratio at other companies

International Business MachinesIBM

0.8×-0.2×

MicrosoftMSFT

1.3×-0.1×

OracleORCL

1.3×+0.3×

Broadcom Inc.AVGO

2×+1.0×

EPAM SystemsEPAM

2.7×-0.4×

ROP

Roper Technologies, Inc.ROP

0.5×+0.1×

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-53.2%

Enterprise value$2.44B-32.9%

P/E14.8×-31.9×

P/S1.3×-1.8×

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

Calculated from Progress Software’s reported figures.

quick assets/total current liabilities=0.5×

Based on the most recent quarter.

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 quick ratio?: Progress Software (PRGS) reported quick ratio of 0.5× in Q4 2025.
How has Progress Software's quick ratio changed year-over-year?: Progress Software's quick ratio decreased by 40.9% year-over-year, from 0.8× to 0.5×.
What is the long-term trend for Progress Software's quick ratio?: Over 5 years (2020 to 2025), Progress Software's quick ratio has grown at a -11.5% compound annual growth rate (CAGR), from 0.9× to 0.5×.
What does quick ratio mean?: Current assets excluding inventory, divided by current liabilities at the quarter end (the 'acid-test'). A stricter liquidity measure that excludes the least-liquid current asset.