Every 10-Q that Progress Software Corp (DE) (PRGS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow PRGS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PRGS filings page.
Progress Software reported stronger results for the quarter and six months ended May 31, 2026. Quarterly revenue rose to $253.5 million, up 7% year over year, driven mainly by a 36% increase in software license revenue to $69.0 million, while maintenance, SaaS, and services were roughly flat.
Net income for the quarter increased to $21.1 million from $17.0 million, with diluted EPS at $0.50. For the first six months, revenue reached $501.3 million and net income $43.9 million. Cash flow from operations was strong at $177.5 million, supporting $54.7 million of share repurchases.
The company redeemed its 2026 convertible notes in April using its revolving credit facility and cash, ending the period with $1.29 billion of total debt and $103.0 million of cash. Annualized recurring revenue was $868 million, up 2% year over year, while the net retention rate remained around 99–100%. Progress continues to incur legal and professional expenses related to the previously disclosed MOVEit vulnerability, partially offset by cybersecurity insurance recoveries.
Progress Software delivered stronger results for the quarter ended February 28, 2026. Total revenue rose to $247.8 million from $238.0 million, helped by 16% growth in software license revenue, particularly from its OpenEdge product and favorable currency movements.
Net income more than doubled to $22.8 million from $10.9 million, with diluted earnings per share increasing to $0.53 from $0.24. Operating cash flow improved to $98.6 million, supporting $60.0 million of revolver repayments and $20.0 million of share repurchases. Annualized recurring revenue reached $863.0 million, up 2% year-over-year, while the company continues to manage litigation and costs related to the MOVEit cyber vulnerability, partially offset by cybersecurity insurance coverage.
Progress Software completed the $875.0 million cash acquisition of ShareFile on October 31, 2024, funding the deal with $730.0 million of borrowings under its revolving credit facility and cash on hand. The Company preliminarily allocated $464.0 million to identifiable intangible assets and recorded $96.2 million of deferred revenue; ShareFile contributed $64.6 million and $194.1 million of revenue in the three and nine months ended August 31, 2025, respectively.
The Company had $620.0 million outstanding under its revolving credit facility as of August 31, 2025, with a reported interest rate of 6.32% and incurred $6.0 million of debt issuance costs in the quarter. Progress repurchased $65.1 million of stock in the first nine months of fiscal 2025 and on September 23, 2025 increased its repurchase authorization by $200.0 million to $242.2 million. The filing discloses ongoing costs and litigation related to the MOVEit Vulnerability, $15.0 million of cybersecurity insurance coverage originally (approximately $5.0 million remaining as of August 31, 2025), and that loss contingencies cannot yet be reasonably estimated.