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PRGS · Stock ProfileInfrastructure & Cloud

Progress Software Corporation (PRGS)

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Progress Software Corporation (PRGS) operates in Infrastructure & Cloud within our 130-company software coverage universe. PRGS's Golden Door Quality Rating, 4-pillar universe percentile ranks, and archived equity research are unlocked with Full Access. Ratings and research summaries stay free for everyone.

PRGSProgress Software Corporation· Published Oct 28, 2026 · Data as of Oct 28, 2026

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Progress Software Turns Nearly a Third of Revenue Into Owner Cash, but Its $1.23B of Debt Is Buying Growth That ARR Does Not Show

Twelve-month owner cash was $246.71M on $999.93M of revenue. ARR rose only 1.39% to $873M, maintenance fell 4.61% in Q3, and the revolver now funds both the 2026 note payoff and the Domo deal.

Infrastructure & Cloud

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Published Research Reports

Progress Software Corporation (PRGS)

Progress Software Turns Nearly a Third of Revenue Into Owner Cash, but Its $1.23B of Debt Is Buying Growth That ARR Does Not Show

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