Progress Software Corporation (PRGS) — Financial statements
Income statement, balance sheet, and cash flow for Progress Software Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 978↑29.8% | 753↑8.5% | 694↑15.4% | 602↑13.3% | 531 | |
| Cost of Revenue | 188↑43.8% | 130↑3.1% | 127↑33.9% | 94↑20.5% | 78 | |
| Gross Profit | 790↑26.9% | 623↑9.7% | 568↑11.9% | 508↑12.1% | 453 | |
| Operating Expenses | ||||||
| R&D Expenses | 192↑31.4% | 146↑10.5% | 132↑15.6% | 115↑10.9% | 103 | |
| General & Administrative Expenses | 108↑20.9% | 90↑7.6% | 83↑6.8% | 78↑19.6% | 65 | |
| Selling & Marketing Expenses | 211↑28.2% | 165↑5.4% | 156↑10.9% | 141↑11.8% | 126 | |
| SG&A Expenses | 319↑25.6% | 254↑6.2% | 239↑9.4% | 219↑14.5% | 191 | |
| Other Expenses | 125↑27.4% | 98↑14.9% | 86↑103.2% | 42↓0.5% | 42 | |
| Operating Expenses | 637↑27.7% | 499↑9.1% | 457↑21.8% | 375↑11.5% | 337 | |
| Total Costs & Expenses | 825↑31.0% | 629↑7.8% | 584↑24.3% | 470↑13.2% | 415 | |
| Operating Results | ||||||
| Operating Income | 153↑23.6% | 124↑12.2% | 111↓16.4% | 132↑13.8% | 116 | |
| Depreciation & Amortization | 6↓94.0% | 103↓0.1% | 103↑38.0% | 75↑41.0% | 53 | |
| EBITDA | 159↓30.8% | 229↑7.4% | 214↑2.8% | 208↑23.3% | 169 | |
| EBIT | 152↑20.7% | 126↑14.3% | 110↓17.0% | 133↑15.1% | 116 | |
| Interest & Other Income | ||||||
| Net Interest Income | -69↓153.3% | -27↑3.4% | -28↓96.5% | -14↑25.4% | -19 | |
| Interest Income | 2↓62.8% | 5↑86.5% | 3↑79.5% | 1↑82.0% | 0.78 | |
| Interest Expense | 71↑121.3% | 32↑4.0% | 31↑94.9% | 16↓21.2% | 20 | |
| Non-Operating Income | 0.81↑135.7% | -2↓2743.0% | 0.09↑109.4% | -0.91↓274.8% | 0.52 | |
| Other Income / Expenses | -72↓141.0% | -30↑3.7% | -31↓107.5% | -15↑27.7% | -21 | |
| Income Before Tax | 82↓13.4% | 94↑18.3% | 80↓32.1% | 117↑22.7% | 96 | |
| Income Tax Expense | 8↓67.1% | 26↑173.0% | 9↓57.4% | 22↑29.6% | 17 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 73↑6.9% | 68↓2.5% | 70↓26.2% | 95↑21.2% | 78 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 73↑6.9% | 68↓2.5% | 70↓26.2% | 95↑21.2% | 78 | |
| Bottom-Line Net Income | 73↑6.9% | 68↓2.5% | 70↓26.2% | 95↑21.2% | 78 | |
| EPS (Basic) | 1.70↑7.6% | 1.58↓2.5% | 1.62↓26.0% | 2.19↑22.3% | 1.79 | |
| EPS (Diluted) | 1.66↑7.8% | 1.54↓1.9% | 1.57↓27.0% | 2.15↑22.2% | 1.76 | |
| Weighted Average Shares | 43↓0.6% | 43↓0.4% | 43↓0.0% | 43↓1.0% | 44 | |
| Weighted Average Diluted Shares | 44↓0.9% | 44↓0.5% | 45↑0.9% | 44↓0.8% | 45 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.