Company overview
What does PROGRESS SOFTWARE CORP /MA do?
PROGRESS SOFTWARE CORP /MA (PRGS) is a U.S. SEC registrant. The Commission classifies the issuer under SIC 7372 (Services-Prepackaged Software).
What does PROGRESS SOFTWARE CORP /MA do?
PROGRESS SOFTWARE CORP /MA (PRGS) is a U.S. SEC registrant. The Commission classifies the issuer under SIC 7372 (Services-Prepackaged Software).
What industry is PROGRESS SOFTWARE CORP /MA in?
Technology · Services-Prepackaged Software
What was PROGRESS SOFTWARE CORP /MA's latest reported revenue?
$253.5M for Q2 2026, from 10-Q filed Jun 30, 2026.
What changed in the latest comparable period?
Revenue increased +6.8% ($237.4M to $253.5M; Q2 2025 vs Q2 2026).
Business model (from the public record)
Belvedere describes the business using the issuer’s SEC classification and the company description extracted from public filings. Segment mix, customer identity, and recurring-versus-transactional revenue are shown only when those facts are identified in the filing extract—not inferred.
Technology · Services-Prepackaged Software · United States
Financial profile
- Revenue
- $253.5M 10-Q · Q2 2026 · Filed Jun 30, 2026
- Revenue growth YoY
- +6.8% Belvedere calculation · 10-Q · Q2 2026 · Filed Jun 30, 2026
- Gross margin
- +82.3% Belvedere calculation · 10-Q · Q2 2026 · Filed Jun 30, 2026
- Operating margin
- +17.8% Belvedere calculation · 10-Q · Q2 2026 · Filed Jun 30, 2026
- Net income
- $21.1M 10-Q · Q2 2026 · Filed Jun 30, 2026
- Operating cash flow
- — Not identified in latest matched XBRL period
- Capex
- — Not identified in latest matched XBRL period
- Belvedere FCF
- — Not identified in latest matched XBRL period
- FCF margin
- — Not identified in latest matched XBRL period
- Cash
- $103M 10-Q · May 31, 2026 · Filed Jun 30, 2026
- Debt
- $1.3B Belvedere calculation · 10-Q · May 31, 2026 · Filed Jun 30, 2026
- Net debt
- $1.2B Belvedere calculation · 10-Q · May 31, 2026 · Filed Jun 30, 2026
- Shares
- 41,311,679 10-Q · May 31, 2026 · Filed Jun 30, 2026
Balance sheet snapshot
Cash $103M. Identified debt $1.3B. Net debt $1.2B. Missing debt tags are not treated as a zero-debt capital structure.
Financial information is derived from public filings and other identified sources. Belvedere calculations may differ from company-defined non-GAAP measures. See methodology and source notes. Valuation multiples are omitted because a licensed market-data provider is not configured.
Latest filings
What changed
Each line is an arithmetic comparison of sourced facts. It is not a thesis.
Research view
Belvedere has not published an initiation or update on PROGRESS SOFTWARE CORP /MA. Universe inclusion is not a rating, a forecast, or coverage in the sell-side sense.
Research Radar
| Kind | Change | Explanation | Source | Date |
|---|---|---|---|---|
| Revenue | +6.8% | Revenue increased +6.8% ($237.4M to $253.5M; Q2 2025 vs Q2 2026). | 10-Q · RevenueFromContractWithCustomerExcludingAssessedTax | Jun 30, 2026 |
| Revenue acceleration | +2.7 pp | Quarterly revenue YoY growth moved from +4.1% to +6.8% (+2.7 percentage points). | 10-Q · BelvedereRevenueGrowthYoY | Jun 30, 2026 |
| Margin change | $0.823 | Reported gross margin was +82.3% in the latest comparable period. | 10-Q · BelvedereGrossMargin | Jun 30, 2026 |
| Cash | $103.0M | Cash and cash equivalents were $103.0M as of the latest reported balance-sheet date. | 10-Q · CashAndCashEquivalentsAtCarryingValue | Jun 30, 2026 |
| Share count | $41.3M | Shares outstanding were 41,311,679 as of the latest reported date. | 10-Q · CommonStockSharesOutstanding | Jun 30, 2026 |
Rankings
- Revenue Growth Acceleration · rank 45 · 2.7 pp
- Belvedere Undercoverage Screen · rank 41 · 40
- Technology Companies by Revenue Growth · rank 36 · +6.8%
Industry context
PROGRESS SOFTWARE CORP /MA is mapped to Technology (Services-Prepackaged Software) from SIC metadata on the SEC submission. Mapping is a classification convenience, not a claim that every peer is economically comparable.
Belvedere Research Profile
This measures researchable information characteristics. It is not investment advice, a credit rating, or a buy/sell/hold recommendation.
Presence of core income-statement, cash-flow and balance-sheet concepts in SEC XBRL.
Comparable-period revenue history and operating-result availability.
Availability of margin, cash-flow and per-share concepts used in screening.
SEC periodic reports, current reports, proxy statement and website identified in submissions.
Distinct filing years in the current archive window plus comparable prior-period revenue.
Risks
Belvedere does not manufacture generic risk language. Material risks are those the issuer discloses in its periodic reports, particularly Item 1A of the latest Form 10-K.
A Form 10-K was not present in the current filing window.
Sources
- Source
- U.S. Securities and Exchange Commission
- Form
- 10-Q
- Period
- Q2 2026
- Filed
- Jun 30, 2026
- Accession
- 0000876167-26-000078
- Concept
- RevenueFromContractWithCustomerExcludingAssessedTax
- Source
- U.S. Securities and Exchange Commission
- Form
- 10-Q
- Period
- Q2 2026
- Filed
- Jun 30, 2026
- Accession
- 0000876167-26-000078
- Concept
- BelvedereRevenueGrowthYoY
(RevenueFromContractWithCustomerExcludingAssessedTax 2026-05-31 / RevenueFromContractWithCustomerExcludingAssessedTax 2025-05-31) - 1
View filing- Source
- U.S. Securities and Exchange Commission
- Form
- 10-Q
- Period
- May 31, 2026
- Filed
- Jun 30, 2026
- Accession
- 0000876167-26-000078
- Concept
- CashAndCashEquivalentsAtCarryingValue
Disclosure
Belvedere Research publishes informational analysis. Nothing on this site is investment advice, an offer, or a solicitation to buy or sell any security.
This page is a company intelligence / data profile. It is not a research report unless a dated note is attached above. Rankings appearing here are independent of any issuer compensation.
Frequently asked questions
- What does PROGRESS SOFTWARE CORP /MA do?
- PROGRESS SOFTWARE CORP /MA (PRGS) is a U.S. SEC registrant. The Commission classifies the issuer under SIC 7372 (Services-Prepackaged Software).
- What industry is PROGRESS SOFTWARE CORP /MA in?
- PROGRESS SOFTWARE CORP /MA is classified in Technology (Services-Prepackaged Software).
- When did PROGRESS SOFTWARE CORP /MA last file a periodic report?
- PROGRESS SOFTWARE CORP /MA last filed a 10-Q on Jun 30, 2026 (accession 0000876167-26-000078).
- What was PROGRESS SOFTWARE CORP /MA's latest revenue?
- $253.5M for Q2 2026, sourced from 10-Q filed Jun 30, 2026.
- Does Belvedere cover PROGRESS SOFTWARE CORP /MA?
- PROGRESS SOFTWARE CORP /MA is in the Belvedere universe. Presence in the universe is not the same as active initiation coverage.