Welcome to our dedicated page for Progress Soft SEC filings (Ticker: PRGS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Progress Software Corp. filings document the financial reporting, governance and capital-structure disclosures of an operating software company. Recent Form 8-K reports furnish quarterly and annual results, Regulation FD supplemental data, non-GAAP reconciliations and amendments to presentation materials, including corrected SaaS revenue supplemental data.
Proxy and annual-meeting filings cover board elections, advisory executive-compensation votes, equity compensation plan share authorizations, employee stock purchase plan matters and auditor ratification. Material-event filings also disclose financing arrangements such as secured revolving credit facilities, along with the company’s securities-law status and related exhibit information.
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 reported solid fiscal Q2 2026 results, with revenue of $253.5 million, up 7% year-over-year, driven by broad-based demand and AI-powered offerings. GAAP operating margin improved to 18%, while non-GAAP operating margin remained high at 40%.
GAAP diluted EPS rose to $0.50 from $0.39, a 28% increase, and non-GAAP diluted EPS climbed to $1.62 from $1.40, up 16%. Annualized Recurring Revenue reached $868 million, growing 2% year-over-year, with a net retention rate of 100% and cash from operations of $78.8 million, more than doubling versus last year.
On this backdrop, Progress modestly raised its full-year 2026 outlook, now guiding revenue to $990–$1,002 million and non-GAAP EPS to $6.09–$6.21, alongside strong projected cash generation and a continued focus on debt reduction and disciplined M&A.
Progress Software Chief Financial Officer Anthony Folger sold 4,474 shares of common stock in open-market transactions pursuant to a preexisting Rule 10b5-1 trading plan adopted on February 4, 2026. The sales on May 19, 2026 were executed in multiple trades, at weighted average prices of $29.05 and $29.96 per share across disclosed price ranges. Following these transactions, Folger directly holds 48,802 shares of Progress Software common stock.
Progress Software’s Chief Legal Officer, Stephanie Yufan Wang, reported selling a total of 5,019 shares of common stock on May 18, 2026 in open-market transactions. The sales were executed in tranches at weighted average prices of $28.44 and $29.04 per share.
According to the disclosure, these transactions were carried out under a preexisting Rule 10b5-1 trading plan adopted on January 23, 2026, described as established prior to recent volatility in the company’s stock price and in compliance with applicable laws and regulations. Each tranche consisted of multiple trades within stated price ranges.
PRGS reported a Form 144 notice indicating planned sales of Restricted Stock Units and Performance Stock Units. The filing lists 4,474 Restricted Stock Units with a grant/vesting date of 04/01/2026 and 2,000 Performance Stock Units with a grant/vesting date of 02/01/2023. The filing date shown is 05/19/2026.
PRGS affiliate filed a Form 144 notifying the sale of common stock linked to equity awards. The notice lists 10/01/2025 restricted stock units totaling 2,475 and 02/01/2026 performance stock units totaling 2,544. The filing date on the form is 05/18/2026.
Progress Software Corporation reported the results of its annual stockholder meeting held on May 7, 2026. Stockholders elected all nine director nominees, each receiving more votes for than withheld, and broker non-votes were recorded where applicable.
Investors approved, on an advisory basis, the compensation of the named executive officers and backed increases in shares authorized for issuance under both the 2008 Stock Option and Incentive Plan and the 1991 Employee Stock Purchase Plan. Stockholders also ratified Deloitte & Touche LLP as the independent registered public accounting firm for fiscal 2026.
Progress Software Corp reported a Schedule 13G showing Vanguard Capital Management beneficially owned 5.35% of common stock, equal to 2,254,185 shares as of 03/31/2026. The filing states Vanguard has sole dispositive power over 2,254,185 shares and sole voting power over 325,545 shares. The filing was signed on 04/30/2026.
Vanguard Portfolio Management reports beneficial ownership of 3,497,598 shares of Progress Software Corp common stock, representing 8.31% of the class. The filing shows sole voting power for 66,883 shares and sole dispositive power for 3,497,598 shares. The filing is signed by Ashley Grim on 04/29/2026.
PRGS affiliate filed a Form 144 proposing the sale of 633 Restricted Stock Units on 04/01/2026. The notice lists the securities as Restricted Stock Units and cites an issuer-directed sale. The filing also records prior 10b5-1 sales of 898 common shares on 02/04/2026 with proceeds shown as $35,479.98.