PROGRESS SOFTWARE CORP /MA (PRGS) Q3 2025 10-Q Quarterly Report
Filed: Sep 29, 2025Period ending Aug 31, 2025
Information Technology
Services-Prepackaged SoftwareSEC EDGAR PROGRESS SOFTWARE CORP /MA (PRGS) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Sep 29, 2025 for the fiscal period ending Aug 31, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
PROGRESS SOFTWARE CORP /MA Q3 2025 10-Q Analysis
Risk Factors
- • New litigation risk from May 28, 2023 MOVEit Vulnerability, including ongoing MDL with partial claim dismissals and pending court reconsideration motion
- • Updated legal expense risk from MOVEit Vulnerability, costs partially offset by insurance coverage as per Note 12 on Cyber Related Matters
- • Regulatory risk from government inquiries into MOVEit breach, no prosecutions or enforcement actions so far
- • Operational risk in data security from MOVEit product breach impacting customer data and incurring remediation expenses
- • Financial risk from revolving credit facility usage tied to potential 2026 Notes settlements or repayments
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