Progress Software Corporation (PRGS) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 253.47M | 247.8M | 252.67M | 249.79M | 237.35M | 238.01M | 214.96M | 178.69M | 175.08M | 184.69M | 176.97M | 174.99M | 178.25M | 164.23M | 157.13M | 151.22M | 148.75M | 144.92M | 140.13M | 147.42M |
| Revenue Growth % | 6.79% | 4.11% | 17.54% | 39.8% | 35.57% | 28.88% | 21.47% | 2.11% | -1.78% | 12.46% | 12.63% | 15.72% | 19.84% | 13.32% | 12.13% | 2.58% | 21.44% | 19.49% | 14.5% | 34.38% |
| Cost of Goods Sold | 44.87M | 69.48M | 46.53M | 47.54M | 47.29M | 46.23M | 36.54M | 29.06M | 32.07M | 32.81M | 33.66M | 32.92M | 33.78M | 26.22M | 23.53M | 23.8M | 23.96M | 23.21M | 21.08M | 20.07M |
| COGS % of Revenue | 17.7% | 28.04% | 18.41% | 19.03% | 19.92% | 19.42% | 17% | 16.27% | 18.32% | 17.76% | 19.02% | 18.81% | 18.95% | 15.96% | 14.98% | 15.74% | 16.11% | 16.02% | 15.04% | 13.61% |
| Gross Profit | 208.59M | 178.32M | 206.14M | 202.26M | 190.07M | 191.78M | 178.42M | 149.62M | 143.01M | 151.88M | 143.31M | 142.07M | 144.47M | 138.01M | 133.6M | 127.42M | 124.79M | 121.71M | 119.05M | 127.35M |
| Gross Margin % | 82.3% | 71.96% | 81.59% | 80.97% | 80.08% | 80.58% | 83% | 83.73% | 81.68% | 82.24% | 80.98% | 81.19% | 81.05% | 84.04% | 85.02% | 84.26% | 83.89% | 83.98% | 84.96% | 86.39% |
| Gross Profit Growth % | 9.75% | -7.02% | 15.53% | 35.18% | 32.91% | 26.28% | 24.5% | 5.31% | -1.02% | 10.05% | 7.27% | 11.5% | 15.77% | 13.39% | 12.22% | 0.06% | 20.95% | 17.83% | 14.3% | 34.11% |
| Operating Expenses | 161.58M | 128.97M | 167.77M | 158.38M | 151.45M | 159.36M | 156.92M | 109.27M | 115.86M | 116.87M | 120.77M | 112.7M | 121.45M | 102.42M | 103.15M | 95.4M | 84.56M | 92.28M | 98.69M | 81.3M |
| OpEx % of Revenue | 63.75% | 52.05% | 66.4% | 63.41% | 63.81% | 66.95% | 73% | 61.15% | 66.18% | 63.28% | 68.24% | 64.4% | 68.13% | 62.37% | 65.65% | 63.09% | 56.84% | 63.67% | 70.43% | 55.15% |
| Selling, General & Admin | 86.58M | 78.5M | 86.84M | 80.16M | 75.31M | 76.92M | 76.12M | 57.64M | 59.87M | 60.45M | 65.67M | 59.4M | 61.62M | 52.54M | 61.53M | 54.74M | 51.91M | 50.46M | 56.22M | 46.19M |
| SG&A % of Revenue | 34.16% | 31.68% | 34.37% | 32.09% | 31.73% | 32.32% | 35.41% | 32.26% | 34.2% | 32.73% | 37.11% | 33.95% | 34.57% | 31.99% | 39.16% | 36.2% | 34.9% | 34.82% | 40.12% | 31.33% |
| Research & Development | 48.84M | 50.47M | 49.89M | 49.43M | 46.57M | 46.38M | 41.2M | 34.72M | 35.44M | 34.99M | 34.01M | 33.14M | 34.82M | 30.44M | 28.6M | 28.65M | 28.64M | 28.67M | 26.76M | 25.62M |
| R&D % of Revenue | 19.27% | 20.37% | 19.74% | 19.79% | 19.62% | 19.48% | 19.17% | 19.43% | 20.24% | 18.94% | 19.22% | 18.94% | 19.53% | 18.53% | 18.2% | 18.95% | 19.26% | 19.79% | 19.1% | 17.38% |
| Other Operating Expenses | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 47.01M | 49.34M | 38.37M | 43.87M | 38.62M | 32.43M | 21.5M | 40.35M | 27.15M | 35.01M | 22.54M | 29.37M | 23.03M | 35.59M | 30.44M | 32.02M | 40.23M | 29.43M | 20.36M | 46.05M |
| Operating Margin % | 18.55% | 19.91% | 15.19% | 17.56% | 16.27% | 13.62% | 10% | 22.58% | 15.51% | 18.95% | 12.73% | 16.78% | 12.92% | 21.67% | 19.37% | 21.18% | 27.05% | 20.31% | 14.53% | 31.24% |
| Operating Income Growth % | 21.73% | 52.17% | 78.48% | 8.74% | 42.24% | -7.37% | -4.6% | 37.38% | 17.9% | -1.64% | -25.97% | -8.28% | -42.77% | 20.92% | 49.54% | -30.46% | 80.57% | 7.35% | 9.96% | 38.72% |
| EBITDA | 62.92M | 85.21M | 74.26M | 82.96M | 77.17M | 70.63M | 48.9M | 62.45M | 53.69M | 62M | 49.87M | 56.71M | 49.89M | 57.2M | 48.95M | 50.7M | 59.09M | 48.13M | 35.21M | 59.17M |
| EBITDA Margin % | 24.82% | 34.39% | 29.39% | 33.21% | 32.51% | 29.67% | 22.75% | 34.95% | 30.67% | 33.57% | 28.18% | 32.41% | 27.99% | 34.83% | 31.15% | 33.53% | 39.72% | 33.21% | 25.13% | 40.14% |
| EBITDA Growth % | -18.46% | 20.65% | 51.86% | 32.84% | 43.73% | 13.91% | -1.94% | 10.12% | 7.62% | 8.4% | 1.89% | 11.85% | -15.57% | 18.85% | 39.02% | -14.31% | 66.77% | 22.52% | 15.22% | 45.48% |
| D&A (Non-Cash Add-back) | 15.91M | 35.86M | 35.89M | 39.09M | 38.55M | 38.2M | 27.4M | 22.1M | 26.54M | 27M | 27.34M | 27.34M | 26.86M | 21.61M | 18.5M | 18.68M | 18.85M | 18.69M | 14.85M | 13.13M |
| EBIT | 31.24M | 45.54M | 39.61M | 43.94M | 38M | 31.73M | 23.15M | 41.04M | 27.14M | 34.95M | 22.06M | 29.48M | 23.12M | 35.77M | 31.2M | 31.69M | 40.5M | 29.66M | 20.62M | 46.02M |
| Net Interest Income | -15.68M | -14.93M | -15.83M | -17.48M | -17.84M | -17.94M | -9.61M | -4.87M | -6.08M | -6.72M | -7.24M | -7.74M | -7.92M | -5.33M | -4M | -3.76M | -3.5M | -3.11M | -5.87M | -6.41M |
| Interest Income | 233K | 317K | 718K | 260K | 294K | 487K | 1.29M | 1.9M | 928K | 624K | 643K | 788K | 592K | 515K | 423K | 247K | 155K | 589K | 555K | 99K |
| Interest Expense | 15.91M | 15.25M | 16.55M | 17.74M | 18.14M | 18.43M | 10.9M | 6.76M | 7.01M | 7.34M | 7.89M | 8.53M | 8.51M | 5.85M | 4.42M | 4.01M | 3.66M | 3.7M | 6.42M | 6.51M |
| Other Income/Expense | -18.17M | -19.05M | -16.12M | -17.67M | -18.75M | -19.12M | -9.25M | -6.07M | -7.02M | -7.4M | -8.37M | -8.42M | -8.42M | -5.66M | -3.67M | -4.34M | -3.39M | -3.48M | -6.16M | -6.54M |
| Pretax Income | 28.84M | 30.29M | 22.26M | 26.21M | 19.86M | 13.3M | 12.25M | 34.28M | 20.13M | 27.61M | 14.17M | 20.95M | 14.61M | 29.92M | 26.78M | 27.68M | 36.84M | 25.95M | 14.2M | 39.51M |
| Pretax Margin % | 11.38% | 12.22% | 8.81% | 10.49% | 8.37% | 5.59% | 5.7% | 19.18% | 11.5% | 14.95% | 8.01% | 11.97% | 8.2% | 18.22% | 17.04% | 18.31% | 24.77% | 17.91% | 10.13% | 26.8% |
| Income Tax | 7.77M | 7.48M | -3.49M | 6.79M | 2.83M | 2.36M | 11.1M | 5.82M | 3.94M | 4.97M | -1.16M | 1.85M | 2.52M | 6.25M | 3.07M | 5.88M | 7.74M | 5.5M | -727K | 8.53M |
| Effective Tax Rate % | 26.93% | 24.69% | -15.68% | 25.92% | 14.27% | 17.71% | 90.64% | 16.96% | 19.57% | 18% | -8.21% | 8.85% | 17.24% | 20.89% | 11.46% | 21.26% | 20.99% | 21.19% | -5.12% | 21.59% |
| Net Income | 21.07M | 22.81M | 25.75M | 19.41M | 17.03M | 10.95M | 1.15M | 28.46M | 16.19M | 22.64M | 15.34M | 19.1M | 12.09M | 23.67M | 23.71M | 21.8M | 29.11M | 20.45M | 14.93M | 30.98M |
| Net Margin % | 8.31% | 9.21% | 10.19% | 7.77% | 7.17% | 4.6% | 0.53% | 15.93% | 9.25% | 12.26% | 8.67% | 10.91% | 6.78% | 14.42% | 15.09% | 14.41% | 19.57% | 14.11% | 10.65% | 21.01% |
| Net Income Growth % | 23.75% | 108.41% | 2144.55% | -31.8% | 5.2% | -51.65% | -92.52% | 49.04% | 33.9% | -4.37% | -35.32% | -12.38% | -58.47% | 15.74% | 58.84% | -29.63% | 114.72% | 7.87% | -15.49% | 29.19% |
| Net Income (Continuing) | 21.07M | 22.81M | 25.75M | 19.41M | 17.03M | 10.95M | 1.15M | 28.46M | 16.19M | 22.64M | 15.34M | 19.1M | 12.09M | 23.67M | 23.71M | 21.8M | 29.11M | 20.45M | 14.93M | 30.98M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.50 | 0.53 | 0.59 | 0.44 | 0.39 | 0.24 | 0.03 | 0.65 | 0.37 | 0.51 | 0.34 | 0.42 | 0.27 | 0.53 | 0.54 | 0.50 | 0.66 | 0.46 | 0.33 | 0.70 |
| EPS Growth % | 28.21% | 120.83% | 2222.83% | -32.31% | 5.41% | -52.94% | -92.53% | 54.76% | 37.04% | -3.77% | -37.04% | -16% | -59.09% | 15.22% | 63.64% | -28.57% | 120% | 9.52% | -15.38% | 32.08% |
| EPS (Basic) | 0.50 | 0.54 | 0.60 | 0.45 | 0.40 | 0.25 | 0.03 | 0.66 | 0.37 | 0.52 | 0.35 | 0.44 | 0.28 | 0.55 | 0.55 | 0.50 | 0.67 | 0.46 | 0.34 | 0.71 |
| Diluted Shares Outstanding | 42.52M | 42.73M | 44.02M | 43.72M | 44.16M | 44.89M | 45.21M | 43.71M | 43.96M | 44.83M | 44.83M | 44.98M | 44.47M | 44.35M | 44.09M | 43.94M | 44.25M | 44.71M | 44.85M | 44.5M |
| Basic Shares Outstanding | 42.03M | 42.16M | 43M | 42.99M | 43.05M | 43.26M | 43.27M | 42.87M | 43.21M | 43.8M | 43.73M | 43.45M | 43.34M | 43.3M | 43.13M | 43.21M | 43.58M | 43.98M | 43.97M | 43.76M |
| Dividend Payout Ratio | 0.75% | 0.89% | 0.51% | - | 1.73% | 3.28% | 666.61% | 27.02% | 49.12% | 36.09% | 51.42% | 40.83% | 64.91% | 33.89% | 32.53% | 35.68% | 26.76% | 38.06% | 54.86% | 25.04% |