Short answer
PROGRESS SOFTWARE CORP /MA (PRGS) filed its Q1 2026 10-Q quarterly report on Mar 31, 2026 for the quarter ended Feb 28, 2026. Quarterly revenue was $248M (up 4.1% year over year) with net income of $23M.
Q1 2026 key financials · XBRL
- Revenue
- $248M
- +4.1% YoY
- Net income
- $23M
- +108.4% YoY
- Operating margin
- 18.8%
- Gross margin
- 82.3%
- EPS (diluted)
- $0.53
- +120.8% YoY
Source: XBRL data from the PROGRESS SOFTWARE CORP /MA (PRGS) Q1 2026 10-Q on SEC EDGAR. USD.
PROGRESS SOFTWARE CORP /MA Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $247.8M, up 4% YoY from $238.0M; constant-currency growth 2%
- Software licenses best performer at $67.6M, up 16% YoY; professional services weakest at $9.4M, down 11%
- Effective tax rate 25% vs 18% YoY; maintenance, SaaS, and services cost margin 82% vs 82%
- Cash $113.2M vs $94.8M; operating cash flow $98.6M vs $68.9M
- Debt repayments $60.0M and share repurchases $20.4M; liquidity sufficient through at least next twelve months
Risk Factors
- No risk-factors section provided; supplied text covers repurchases, insider trading arrangements, exhibits, and signatures
- Share-repurchase authorization reduced to $182.2 million remaining after 465,991 shares repurchased
- Executive Rule 10b5-1 arrangements cover up to 92,934 shares through February 2027
- No specific regulatory, legal, operational, competitive, liquidity, debt, currency, or concentration risks disclosed in provided text
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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