Progress Software Corporation Income Statement
PRGS / Information Technology|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
Progress Software Corporation reported $978M in revenue and $73M in net income for FY2025. Revenue has grown at a 8.0% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 0.62 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $977.8M | $753.4M | $694.4M | $602.0M | $531.3M | $442.1M | $413.3M | $379.0M | $397.6M | $405.3M | $377.6M | $332.5M | $334.0M | $317.6M | $333.6M |
| Cost of Revenue | $187.6M | $130.5M | $126.6M | $94.5M | $78.4M | $62.1M | $75.2M | $67.0M | $69.2M | $65.7M | $63.7M | $34.3M | $35.0M | $36.3M | $36.8M |
| Gross Profit | $790.3M | $622.9M | $567.9M | $507.5M | $452.9M | $380.0M | $338.1M | $312.0M | $320.0M | $339.6M | $313.8M | $298.3M | $299.0M | $281.3M | $296.8M |
| SG&A Expense | $108.2M | $89.5M | $83.2M | $77.9M | $65.1M | $54.0M | $53.4M | $49.0M | $45.7M | $46.5M | $57.3M | $48.3M | $56.0M | $62.0M | $61.8M |
| Operating Income | $153.3M | $124.0M | $110.5M | $132.1M | $116.1M | $107.7M | $40.1M | $67.8M | $57.5M | -$29.7M | $14.8M | $80.7M | $63.7M | $67.8M | $108.7M |
| Interest Expense | - | - | $30.8M | $15.8M | $20.0M | $10.2M | $9.9M | $5.1M | $4.6M | $4.2M | $3.8M | $572.0K | $645.0K | - | - |
| Income Tax | $8.5M | $25.8M | $9.5M | $22.2M | $17.1M | $16.9M | $2.1M | $11.1M | $23.4M | $20.4M | $21.2M | $28.3M | $23.0M | $23.0M | $36.8M |
| Net Income | $73.1M | $68.4M | $70.2M | $95.1M | $78.4M | $79.7M | $26.4M | $49.7M | $29.0M | -$55.7M | -$8.8M | $49.5M | $74.9M | $47.4M | $59.6M |
| EPS (Basic) | $1.62 | $2.19 | $1.79 | $1.78 | $0.59 | $1.09 | $0.60 | -$1.13 | -$0.17 | $0.97 | $1.37 | $0.75 | $0.91 | $0.75 | $0.54 |
| EPS (Diluted) | $1.57 | $2.15 | $1.76 | $1.76 | $0.58 | $1.08 | $0.60 | -$1.13 | -$0.17 | $0.96 | $1.35 | $0.74 | $0.88 | $0.73 | $0.53 |
| Shares Outstanding | 43.4M | 43.8M | 43.3M | 44.1M | 44.2M | 45.0M | 45.1M | 47.3M | 48.5M | 50.6M | 50.7M | 51.5M | 59.6M | 61.8M | 59.9M |
| Gross Margin | 80.8% | 82.7% | 81.8% | 84.3% | 85.2% | 86.0% | 81.8% | 82.3% | 80.5% | 83.8% | 83.1% | 89.7% | 89.5% | 88.6% | 89.0% |
| Operating Margin | 15.7% | 16.5% | 15.9% | 21.9% | 21.9% | 24.4% | 9.7% | 17.9% | 14.5% | -7.3% | 3.9% | 24.3% | 19.1% | 21.3% | 32.6% |
| Profit Margin | 7.5% | 9.1% | 10.1% | 15.8% | 14.8% | 18.0% | 6.4% | 13.1% | 7.3% | -13.8% | -2.3% | 14.9% | 22.4% | 14.9% | 17.9% |