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PRGS · NasdaqGS

Progress Software Corporation

Software - Infrastructure · United States

USD 37.560.9% daily changeQuote 2026-10-06 · USD
Market cap (USD)
US$1.54B
Trailing P/E
17.31x
Forward P/E
5.23x
Quarterly revenue growth
-1.5%
Trailing net margin
9.2%
Indicated dividend yield
—

Snapshot 2026-10-06 · Latest financial period 2026-08-31 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.

Company background

Progress Software Corporation provides software products that develops, deploys, and manages artificial intelligence (AI) powered applications and digital experiences in the United States and internationally. The company offers Agentic RAG, a next-generation Agentic Rag-as-a-Service platform; Automate MFT, a cloud-native Software-as-a-Service (SaaS) platform for automated and secure file transfers; Chef, a DevOps/DevSecOps automation software; Corticon, a decision automation platform; DataDirect, a secure data connectivity tools for Relational, NoSQL, Big Data, and SaaS data sources; Developer Tools, such as software development tooling collection, including NET and JavaScript UI components for web, desktop and mobile applications, AI-prompt components, reporting and report management tools, and automated testing and mocking tools; Flowmon, a AI-powered network security and visibility product with automated response across hybrid cloud ecosystems; and Kemp LoadMaster, an application delivery and security product for cloud-native, and virtual and hardware load balancers. It also provides MarkLogic, a data agility platform to connect data and metadata; MOVEit, a managed file transfer software; OpenEdge, an application development platform; Semaphore, a Semantic AI platform; ShareFile, an SaaS-native AI-powered document centric collaboration platform; Sitefinity, a digital experience platform foundation; and WhatsUp Gold, a network infrastructure monitoring software to find and fix network problems. The company offers project management, implementation, custom software development, programming, and other services, as well as web-enable applications, and training services. It sells its products to end users, independent software vendors, original equipment manufacturers, system integrators, value added resellers, and distributors. The company was founded in 1981 and is headquartered in Burlington, Massachusetts.

Company website

Q2 FY2026

Go beyond the headline.

PRGS Stock: 5x Earnings After A Beat-And-Raise - Q2 FY2026

Published 2026-07-01

Comparable businesses

PRGS peer comparison

Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.

Comparison stocks

No suitable peers with fresh, comparable size data are available. We have not substituted unrelated companies.

Market metrics · missing or inapplicable values shown as —
MetricPRGSProgress Software CorporationSnapshot 2026-10-06Financial period: 2026-08-31
Market capMarket value, converted to USDUS$1.54B
Forward P/EProvider forward earnings estimate5.23x
EV / EBITDAEnterprise value / trailing EBITDA7.89x
Revenue growthLatest quarter vs prior-year quarter-1.5%
Operating marginLatest reported quarter22.0%
Free cash flow yieldTrailing cash flow / market cap20.9%
Net debt / EBITDANet debt / trailing EBITDA3.40x
Debt / equityTotal debt / positive book equity2.39x
Trailing P/ETrailing twelve-month earnings17.31x
Price / bookPrice / positive book equity per share3.32x
EV / salesEnterprise value / trailing revenue2.67x
Earnings growthLatest quarter vs prior-year quarter25.0%
Gross marginTrailing twelve months85.8%
Net marginTrailing twelve months9.2%
Return on equityProvider trailing return; positive equity only18.3%
Free cash flow marginTrailing free cash flow / revenue32.1%
Dividend yieldIndicated annual dividend / price—
Earnings payoutProvider trailing dividend payout0.0%
Current ratioCurrent assets / current liabilities0.80x
BetaProvider historical market sensitivity0.89

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Comparison methodology & limitations

Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.

Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.

Reported performance

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Adjusted closing price

Price history

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Earnings-multiple scenario

Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.

Starting assumptions, when available, use provider forward estimates as of 2026-10-06. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.

THE RESEARCH RECORD

Research history for PRGS

All available reporting periods
Q2 FY20262026-07-01

Reported figures

Verify material figures against company filings. Market data and AI-assisted analysis may contain errors.