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Progress Software PRGS Total Cost of Revenue

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Segments

By product

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Software licenses$3.68M+23.0%

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:CostOfRevenue.

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
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
Operating expenses:
Sales and marketing54,34149,677106,338100,973
Product development48,84046,57099,31492,945

Item 1. Financial Statements (Unaudited)

FAQ

What is Progress Software's total cost of revenue?
Progress Software (PRGS) reported total cost of revenue of $44.87M in Q1 2026.
How has Progress Software's total cost of revenue changed year-over-year?
Progress Software's total cost of revenue decreased by 5.1% year-over-year, from $47.29M to $44.87M.
What is the long-term trend for Progress Software's total cost of revenue?
Over 4 years (2021 to 2025), Progress Software's total cost of revenue has grown at a 24.4% compound annual growth rate (CAGR), from $78.45M to $187.58M.
What does total cost of revenue mean?
The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.

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