Short answer
PROGRESS SOFTWARE CORP /MA (PRGS) filed its Q3 2026 10-Q quarterly report on Sep 30, 2026 for the quarter ended Aug 31, 2026. Quarterly revenue was $246M (down 1.5% year over year) with net income of $23M.
Q3 2026 key financials · XBRL
- Revenue
- $246M
- −1.5% YoY · −2.9% QoQ
- Net income
- $23M
- +17.3% YoY · +8.1% QoQ
- Operating margin
- 18.9%
- Gross margin
- 82.7%
- EPS (diluted)
- $0.55
- +25.0% YoY · +10.0% QoQ
Source: XBRL data from the PROGRESS SOFTWARE CORP /MA (PRGS) Q3 2026 10-Q on SEC EDGAR. USD.
PROGRESS SOFTWARE CORP /MA Q3 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Q3 revenue $246.0M, down 2% YoY from $249.8M, primarily due to multiyear subscription renewal timing
- SaaS revenue $72.6M, up from $71.5M; maintenance $100.0M, down 5% from $104.8M
- Effective tax rate 23% vs 26% YoY; total other expense 7% of revenue in both periods
- Cash $113.7M vs $94.8M at fiscal 2025-end; operating cash flow $265.5M through nine months
- $16.9M share repurchases and $170.0M revolving-credit paydown in Q3; Domo acquisition expected at approximately $400M
- Outlook: liquidity sufficient through next twelve months; capital-market volatility and MOVEit litigation remain headwinds
Risk Factors
- No material changes disclosed from the 2025 Annual Report
- Rapidly changing operating environment creating uncontrollable business uncertainty
- Prior-year risk factors remain relevant to business, financial condition, and future results
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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