PROGRESS SOFTWARE CORP /MA (PRGS) FY2025 10-K Annual Report
PROGRESS SOFTWARE CORP /MA (PRGS) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Jan 20, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
PROGRESS SOFTWARE CORP /MA FY2025 10-K Analysis
Business Overview
- • Core business: Software products enabling customers to develop, deploy, and manage responsible AI-powered applications and digital experiences globally
- • New emphasis on Progress Agentic RAG and Progress Semaphore as next-gen AI platforms for retrieval augmented generation (RAG) and semantic AI insights
- • Strategic growth driven by accretive acquisitions, including Nuclia in June 2025, expanding AI and data connectivity capabilities
- • Expanded global development footprint with primary offices in 11 locations across North America, Europe, and Asia
- • Share repurchases continue to offset equity dilution, emphasizing stockholder returns alongside M&A strategy
Management Discussion & Analysis
- • No revenue or YoY change figures disclosed; revenue forecasting described as uncertain and challenging due to pipeline variability
- • Profitability impacted by fixed costs and risks of revenue shortfalls; no specific operating margin or profit % figures provided
- • Segment performance not quantified; risks highlighted from M&A integration, market acceptance, and economic conditions without numeric data
- • $1.4 billion consolidated indebtedness as of Nov 30, 2025; $1.5 billion revolving credit facility secured for operations, acquisitions, share repurchases
- • Forward risks include revenue forecast uncertainty, goodwill impairment, tax liabilities, indebtedness refinancing, stock price volatility, and AI technology impact on market
Risk Factors
- • Financial risk from 2026 Notes repayment relying on Credit Facility capacity use for settlement or redemption
- • Operational vulnerability from MOVEit software vulnerability requiring recognition of probable loss contingencies
- • No significant litigation history but contingent liabilities recognized per Note 17 on cyber-related matters
- • Revenue recognition complexity due to variable pricing and multiple distinct performance obligations under GAAP
PROGRESS SOFTWARE CORP /MA FY2025 Key Financial MetricsXBRL
Revenue
$978M
▲ +29.8% YoY
Net Income
$73M
▲ +6.9% YoY
Gross Margin
80.8%
▼ -186bp YoY
Operating Margin
15.7%
▼ -78bp YoY
Net Margin
7.5%
▼ -160bp YoY
ROE
15.3%
▼ -31bp YoY
Total Assets
$2.5B
▼ -2.7% YoY
EPS (Diluted)
$1.66
▲ +7.8% YoY
Operating Cash Flow
$235M
▲ +11.2% YoY
Source: XBRL data from PROGRESS SOFTWARE CORP /MA FY2025 10-K filing on SEC EDGAR. All figures in USD.
Get deeper insights on PROGRESS SOFTWARE CORP /MA
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.