Company / Interest Expense
Progress Software Corporation Interest Expense History
FY2016-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Interest Expense
$30.8M
FY2023
5-year range
$15.8M / $30.8M
FY2019-FY2023
Trend
+94.9%
vs FY2022
Sector context
#37 of 78
Information Technology
What the data says
At $31M, Progress Software Corporation's interest expense ranks #42 of 78 in the Information Technology sector. Increased from $20M to $31M over the past 2 years.
Based on SEC 10-K filings.
$31M in FY2023 with a 5-year CAGR of +43.0%.
Increased from $20M to $31M over the past 2 years.
Information Technology sector context is included.
Interest Expense over time
Growth rates
- 3-Year CAGR
- +44.6%
- 5-Year CAGR
- +43.0%
- 10-Year CAGR
- -
Sector benchmark
#42 of 78 in Information TechnologyTop 53% of 78This company $30.8M Sector average $135.1M
▼
-77.2% below sector average
Key checks
Key Insights
- 5-year CAGR of +43.0%, indicating consistent growth.
- In FY2023, interest expense increased 94.9% year-over-year.
- Ranks #37 out of 78 companies in the Information Technology sector.
- Lowest interest expense in the period was in FY2016.
Company context
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.
Annual data
| Year | Interest ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | - | - |
| FY2023 | $30.8M | +94.9% |
| FY2022 | $15.8M | -21.2% |
| FY2021 | $20.0M | +97.1% |
| FY2020 | $10.2M | +2.6% |
| FY2019 | $9.9M | +92.5% |
| FY2018 | $5.1M | +11.2% |
| FY2017 | $4.6M | +10.8% |
| FY2016 | $4.2M | +10.3% |
As of FY2023 · SEC 10-K · Updated Mar 28, 2026