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Progress Software Corporation (PRGS)
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Progress Software Corporation Income Statement 2025-2007 | PRGS
Brief overview of income trends at Progress Software Corporation
The comparison covers a five-year financial horizon. According to figures from Progress Software Corporation, revenue changed from 442 million dollars to 978 million dollars over five years. The total change was +121.2%, with a CAGR of approximately 17.2%. The company expanded its sales base at a healthy rate.
The five-year change in gross profit reached +107.9%: from 380 million dollars to 790 million dollars. Cost of revenue developed less favorably than sales and pressured gross profitability. Gross margin moved from 86% to 80.8%. The business retained less gross profit from each unit of revenue.
EBITDA was $114 million at the beginning and $159 million at the end of the period (+40.1%). EBITDA underperformed the top-line trend. At the operating-margin level, the figure shifted from 25.7% to 16.3%. A lower EBITDA share weakens the quality of the result.
The net result moved from 79.7 million dollars to 73.1 million dollars, or −8.3%. Net earnings remained broadly steady over the period.
Market capitalization changed from $2 billion to $1.7 billion (−16.5%). The market became more cautious about the prospects of the business.
What the figures show
The current trajectory does not yet confirm a sustainable recovery. The positive side is supported by a larger revenue base. The most visible risks are weaker gross profitability, lower net income and pressure on operating profitability. Further direction will depend on top-line growth, operating profitability, and net income.
Annual Income Statement Progress Software Corporation
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
1.67 B | 2.76 B | 2.54 B | 2.28 B | 2.12 B | 2 B | 1.86 B | 1.6 B | 2.05 B | 1.58 B | 1.21 B | 1.39 B | 1.41 B | 1.3 B | 1.27 B | 1.35 B | 942 M | 1.23 B | - |
Shares |
43 M | 43.3 M | 43.5 M | 43.5 M | 43.9 M | 44.9 M | 44.8 M | 45.6 M | 48.1 M | 49.5 M | 50.4 M | 50.8 M | 54.5 M | 62.9 M | 65.7 M | 64 M | 60.2 M | 61.2 M | - |
Historical Prices |
38.9 | 63.8 | 58.5 | 52.4 | 48.3 | 44.6 | 40.4 | 33.9 | 40.1 | 29.6 | 22.3 | 25.1 | 24 | 19.5 | 17.9 | 21.1 | 15.7 | 20.1 | 21.9 |
Net Income |
73.1 M | 68.4 M | 70.2 M | 95.1 M | 78.4 M | 79.7 M | 26.4 M | 63.5 M | 37.4 M | -55.7 M | -8.8 M | 49.5 M | 74.9 M | 47.4 M | 58.8 M | 48.1 M | 32.8 M | 46.3 M | - |
Revenue |
978 M | 753 M | 694 M | 602 M | 531 M | 442 M | 413 M | 397 M | 398 M | 405 M | 378 M | 333 M | 334 M | 335 M | 534 M | - | - | - | - |
Cost of Revenue |
188 M | 130 M | 127 M | 94.5 M | 78.4 M | 62.1 M | 75.2 M | 67 M | 69.2 M | 65.7 M | 63.7 M | 34.3 M | 35 M | 43.6 M | 45.3 M | 41.2 M | 93.2 M | 91.9 M | - |
Gross Profit |
790 M | 623 M | 568 M | 508 M | 453 M | 380 M | 338 M | 330 M | 328 M | 340 M | 314 M | 298 M | 299 M | 292 M | 430 M | 310 M | 401 M | 424 M | - |
Operating Income |
153 M | 124 M | 111 M | 132 M | 116 M | 108 M | 40.1 M | 67.8 M | 57.5 M | -29.7 M | 14.8 M | 80.7 M | 63.7 M | 67.8 M | 109 M | 91.5 M | 51.1 M | 64.4 M | - |
Interest Expense |
1.76 M | 4.73 M | 30.8 M | 15.8 M | 20 M | 10.2 M | 9.91 M | 5.15 M | 4.63 M | 4.18 M | 3.79 M | 572 K | 645 K | 2.57 M | 2 M | 3.13 M | 2.7 M | 10.4 M | - |
EBITDA |
159 M | 130 M | 117 M | 137 M | 122 M | 114 M | 94.4 M | 107 M | 107 M | 83 M | 44.7 M | 89.5 M | 79.7 M | 58.7 M | 101 M | 102 M | 63 M | 75 M | - |
Operating Expenses |
637 M | 499 M | 457 M | 375 M | 337 M | 272 M | 266 M | 237 M | 234 M | 269 M | 282 M | 209 M | 220 M | 234 M | 337 M | 219 M | 350 M | 359 M | - |
General and Administrative Expenses |
108 M | 89.5 M | 83.2 M | 77.9 M | 65.1 M | 54 M | 53.4 M | 50.5 M | 47.8 M | 46.5 M | 57.3 M | 48.3 M | 56 M | 62.1 M | 62.1 M | 51.4 M | 59.6 M | 62.1 M | - |
All numbers in USD currency
Quarterly Income Statement Progress Software Corporation
| 2026-Q2 | 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q3 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
41.9 M | 42.2 M | 43 M | 43.1 M | 43.3 M | 43.4 M | 42.9 M | 43.2 M | 43.8 M | 43.8 M | 43.5 M | 43.3 M | 43.3 M | 43.3 M | 43.2 M | 43.6 M | 44 M | 44.1 M | 43.8 M | 43.8 M | 44.1 M | 44.2 M | 45 M | 44.9 M | 44.9 M | 45 M | 44.7 M | 44.6 M | 45 M | 45.1 M | 45.1 M | 45.5 M | 46.5 M | 47.3 M | 48.1 M | 48.2 M | 48.7 M | 48.5 M | 48.6 M | 49.9 M | 50.8 M | 50.6 M | 50.1 M | 50.3 M | 50.7 M | 50.7 M | 50.4 M | 51 M | 51.5 M | 51.5 M | 53.5 M | 54.9 M | 57.9 M | 59.6 M | 63.5 M | 63.1 M | 62.1 M | 61.8 M | 65.9 M | 66.9 M | 67 M | 43.2 M |
Net Income |
21.1 M | 22.8 M | 19.4 M | 17 M | 10.9 M | - | 28.5 M | 16.2 M | 22.6 M | - | 19.1 M | 12.1 M | 23.7 M | - | 21.8 M | 29.1 M | 20.5 M | - | 31 M | 13.6 M | 19 M | 17.7 M | 24 M | 17 M | 21.1 M | -4.74 M | 13.6 M | 8.18 M | 9.4 M | 8.64 M | 14.4 M | 12.9 M | 13.7 M | 16.4 M | 11.2 M | 10.3 M | -525 K | -73.8 M | 7.58 M | 7.28 M | 3.22 M | -9.47 M | -4.13 M | 5.77 M | -971 K | 14.5 M | 11.1 M | 12.8 M | 11.1 M | 15 M | 24.8 M | 3.91 M | 31.1 M | 36 M | 5.84 M | -1.91 M | 7.49 M | 12.2 M | 9.06 M | 17.9 M | 20.5 M | 9.24 M |
Revenue |
253 M | 248 M | 250 M | 237 M | 238 M | - | 179 M | 175 M | 185 M | - | 175 M | 178 M | 164 M | - | 151 M | 149 M | 145 M | - | 147 M | 122 M | 121 M | 122 M | 110 M | 100 M | 110 M | 117 M | 107 M | 100 M | 89.5 M | 98.1 M | 95.7 M | 96.1 M | 94 M | 116 M | 97.3 M | 93.2 M | 91 M | 118 M | 102 M | 96.1 M | 89.5 M | 113 M | 94.6 M | 88.8 M | 81.4 M | 97.9 M | 79.3 M | 80.8 M | 74.5 M | 91 M | 77.6 M | 81.7 M | 83.7 M | 86.6 M | 74.4 M | 74.1 M | 87.2 M | 93.5 M | 125 M | 135 M | 87.5 M | - |
Cost of Revenue |
44.9 M | 43.9 M | 47.5 M | 47.3 M | 46.2 M | - | 29.1 M | 32.1 M | 32.8 M | - | 32.9 M | 33.8 M | 26.2 M | - | 23.8 M | 24 M | 23.2 M | - | 20.1 M | 19.3 M | 18 M | - | 14.7 M | 14.3 M | 14.9 M | - | 20.8 M | 17.6 M | 16 M | - | 16.7 M | 16.6 M | 16.9 M | - | 18.1 M | 17.4 M | 15.8 M | - | 17.2 M | 16.2 M | 15.8 M | - | 15.1 M | 15.7 M | 17.6 M | - | 7.86 M | 7.38 M | 7.88 M | - | 8.52 M | 8.49 M | 9.88 M | - | 9.49 M | 8.61 M | 10.6 M | - | 24.8 M | 26.2 M | 24.1 M | 24.7 M |
Gross Profit |
209 M | 204 M | 202 M | 190 M | 192 M | - | 150 M | 143 M | 152 M | - | 142 M | 144 M | 138 M | - | 127 M | 125 M | 122 M | - | 127 M | 103 M | 103 M | 104 M | 95 M | 86.1 M | 94.8 M | 96.3 M | 85.9 M | 82.4 M | 73.5 M | 81.4 M | 75.9 M | 76.2 M | 78.5 M | 98.1 M | 79.2 M | 75.8 M | 75.2 M | 101 M | 84.8 M | 79.9 M | 73.7 M | 97.5 M | 79.5 M | 73.1 M | 63.8 M | 86.8 M | 71.4 M | 73.4 M | 66.7 M | 82.9 M | 69.1 M | 73.2 M | 73.9 M | 77 M | 64.9 M | 65.5 M | 73.9 M | 82.5 M | 77 M | 79.2 M | 76.7 M | 104 M |
Operating Income |
45.2 M | 46.5 M | 43.9 M | 38.6 M | 32.4 M | - | 40.3 M | 27.1 M | 35 M | - | 29.4 M | 23 M | 35.6 M | - | 32 M | 40.2 M | 29.4 M | - | 46 M | 22.3 M | 27.4 M | 18.5 M | 33.2 M | 25.3 M | 30.7 M | -6.03 M | 16 M | 14.7 M | 15.4 M | 11 M | 19.1 M | 18.6 M | 19.1 M | 28.8 M | 20.3 M | 20.3 M | 1.22 M | -62.4 M | 13.6 M | 12.3 M | 6.7 M | 20.1 M | 8.59 M | -2.74 M | -11.2 M | 27 M | 19.4 M | 20.3 M | 14 M | 23.9 M | 9.66 M | 14.4 M | 15.8 M | 18.7 M | 11.3 M | 12.8 M | 25 M | 28.4 M | 21.4 M | 27.6 M | 23.8 M | 16.5 M |
Interest Expense |
233 K | 317 K | 260 K | 294 K | 487 K | - | 1.9 M | 928 K | 624 K | - | 788 K | 8.51 M | 5.85 M | - | 4.01 M | 3.66 M | 3.7 M | - | 6.51 M | 4.6 M | 2.51 M | - | 2.3 M | 2.6 M | 2.79 M | - | 3.32 M | 2.21 M | 1.39 M | - | 1.34 M | 1.27 M | 1.16 M | - | 1.22 M | 1.15 M | 1.08 M | - | 1.17 M | 1.01 M | 1.06 M | - | 987 K | 947 K | 1.14 M | - | 122 K | 158 K | 150 K | - | 371 K | 244 K | 531 K | - | 1.02 M | 743 K | 592 K | - | 310 K | 714 K | 588 K | 615 K |
EBITDA |
48.5 M | 48 M | 81.1 M | 75.2 M | 34 M | - | 60.4 M | 50.8 M | 36.6 M | - | 55.1 M | 48.5 M | 37.3 M | - | 49.3 M | 57.7 M | 30.6 M | - | 50.2 M | 25 M | 28.7 M | 18.5 M | 37.9 M | 28.6 M | 32.4 M | -6.03 M | 21.5 M | 18.2 M | 17 M | 11 M | 24.3 M | 21.9 M | 20.8 M | 28.8 M | 26.1 M | 24.2 M | 3.2 M | -62.4 M | 20.1 M | 16.7 M | 8.94 M | 20.1 M | 15.8 M | 2.26 M | -8.59 M | 27 M | 26.8 M | 25.2 M | 16.4 M | 23.9 M | 18.1 M | 20 M | 18.2 M | 18.7 M | 18.3 M | 17.4 M | 27.4 M | 28.4 M | 28 M | 32 M | 26 M | 24.8 M |
Operating Expenses |
163 M | 157 M | 158 M | 151 M | 159 M | - | 109 M | 116 M | 117 M | - | 113 M | 121 M | 102 M | - | 95.4 M | 84.6 M | 92.3 M | - | 81.3 M | 80.9 M | 75.9 M | - | 61.8 M | 60.8 M | 64.1 M | - | 69.9 M | 67.6 M | 58.1 M | - | 56.8 M | 57.7 M | 59.4 M | - | 58.9 M | 55.6 M | 74 M | - | 71.2 M | 67.5 M | 67 M | - | 70.9 M | 75.8 M | 74.9 M | - | 52 M | 53.2 M | 52.7 M | - | 59.4 M | 58.8 M | 58.1 M | - | 53.6 M | 52.7 M | 57.3 M | - | 85.4 M | 81.3 M | 81.8 M | 87.6 M |
General and Administrative Expenses |
32.2 M | 26.5 M | 28.3 M | 25.6 M | 25.6 M | - | 20.5 M | 22 M | 21.3 M | - | 20.8 M | 21.5 M | 18.8 M | - | 20.1 M | 19.2 M | 17 M | - | 16.5 M | 16.5 M | 13.4 M | - | 13.5 M | 12.4 M | 12.7 M | - | 13.5 M | 12.7 M | 12.3 M | - | 12.2 M | 12.2 M | 11.3 M | - | 11.2 M | 11.6 M | 10.6 M | - | 11.4 M | 12.3 M | 12.4 M | - | 14.1 M | 13.7 M | 14.3 M | - | 12.2 M | 11.4 M | 11.7 M | - | 13.7 M | 14.1 M | 14.7 M | - | 14.4 M | 18 M | 15.4 M | - | 20.3 M | 13.7 M | 11.9 M | 11.9 M |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Progress Software Corporation (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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