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Progress Software PRGS Shares (Diluted)

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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:WeightedAverageNumberOfDilutedSharesOutstanding.

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
Provision for income taxes7,7672,83515,2465,191
Net income$21,073$17,029$43,886$27,975
Earnings per share:
Basic$0.50$0.40$1.04$0.65
Diluted$0.50$0.39$1.03$0.63
Weighted average shares outstanding:
Basic41,90143,05342,02843,154
Diluted42,31044,15642,51944,522

Item 1. Financial Statements (Unaudited)

FAQ

What is Progress Software's shares (diluted)?
Progress Software (PRGS) reported shares (diluted) of 42.3M in Q1 2026.
How has Progress Software's shares (diluted) changed year-over-year?
Progress Software's shares (diluted) decreased by 4.2% year-over-year, from 44.2M to 42.3M.
What is the long-term trend for Progress Software's shares (diluted)?
Over 4 years (2021 to 2025), Progress Software's shares (diluted) has grown at a -0.2% compound annual growth rate (CAGR), from 178.2M to 176.8M.
What does shares (diluted) mean?
The weighted-average shares outstanding plus all potentially dilutive shares from stock options, RSUs, convertible securities, and warrants, using the treasury stock method.

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