Short answer
PROGRESS SOFTWARE CORP /MA (PRGS) filed its Q2 2026 10-Q quarterly report on Jun 30, 2026 for the quarter ended May 31, 2026. Quarterly revenue was $253M (up 6.8% year over year) with net income of $21M.
Q2 2026 key financials · XBRL
- Revenue
- $253M
- +6.8% YoY · +2.3% QoQ
- Net income
- $21M
- +23.7% YoY · −7.6% QoQ
- Operating margin
- 17.8%
- Gross margin
- 82.3%
- EPS (diluted)
- $0.50
- +28.2% YoY · −5.7% QoQ
Source: XBRL data from the PROGRESS SOFTWARE CORP /MA (PRGS) Q2 2026 10-Q on SEC EDGAR. USD.
PROGRESS SOFTWARE CORP /MA Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Q2 revenue $253.5M vs $237.4M, up 7% YoY
- Software licenses $69.0M vs $50.8M, up 36%; strongest product offerings DataDirect, Chef, MarkLogic
- Maintenance $101.2M vs $103.5M, down 2%; professional services $10.3M vs $11.0M, down 6%
- Operating cost ratios: sales and marketing 21% vs 21%; product development 19% vs 20%; G&A 13% vs 11%
- Cash $103.0M vs $94.8M; operating cash flow $177.5M, $55.1M share repurchases, $110.0M debt repayment
- Outlook: liquidity sufficient through at least next twelve months; capital-market volatility and MOVEit litigation headwinds
Risk Factors
- No Risk Factors section provided; supplied text covers repurchases, insider trading arrangements, exhibits, and signatures
- Share-repurchase authorization risk: $147.5 million remaining as of May 31, 2026
- Capital-allocation exposure: 1,225,254 shares repurchased at an average $28.29 during the quarter
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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