PRGS
Progress Software Corp /ma Information Technology Services-Prepackaged Software Russell 3000
$45.13Close
$1.9BMarket cap
$25.09 – $46.4552-week range
Late-decemberNext report · estimated
Highlights
Strengths
- Near its high 3% below its 52-week high
- Volume drying up last 10 days 28% under the 50-day average
- Earnings growing EPS +24% year on year
Cautions
- Trend not confirmed 6 of 8 conditions · 150-day under the 200-day, 200-day not rising
- Financial distress Altman Z″ in the distress zone
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
3%
1wk
down 2.8%
price change
1mo
up 12.9%
price change
12-month return
up 8%
market up 11% ·
its own down 5%
F-score
5 / 9
Mixed
Altman Z″
-0.25
Elevated risk
P/E
26.1×
price / earnings
PEG
3.33
P/E / EPS growth
P/B
4.0×
price / book
Earnings yield
up 5.4%
EBIT / enterprise value
Cheaper than
68%
of the market · cheap
Revenue growth
up 30%
year on year
EPS growth
up 24%
latest quarter · -5 pts
Sales growth
down 2%
latest quarter · -8 pts
ROE
up 16%
return on equity
Free cash margin
up 23%
$229.5M FCF
D/E
2.18
long-term debt / equity
Net debt / EBITDA
5.9×
Interest cover
—EBIT / interest
Piotroski tests
- profitability slipped from last year
- short-term liquidity weakened
- gross margin narrowed
- assets working less efficiently
- profitable on its assets
- generating cash from operations
- profits backed by cash
- reduced long-term debt
- no new shares issued
Repair signals
- Long-term debt down 32% ($1.5B → $1.0B)
Trade setup
ATR%
3.7%
$1.66 a day · 2×ATR $41.81
RS
75 / 99
vs the universe
Trend
6 / 8
150-day under the 200-day, 200-day not rising
Relative volume
0.5×
vs 50-day average
Up/down volume
1.10
50 sessions
Implied move
—
no scheduled report
Trend template · 6 of 8
- 150-day average above the 200-day: fails
- 200-day average rising for a month: fails
Screen verdict
Did not qualify for any screen.
Warning signs
- Bankruptcy model reads distressed The Altman score sits inside the range historically associated with financial distress. It is used here only to exclude, never to rank, and it is a statistical band rather than a prediction about this company.
- Heavily indebted Net debt is 5.9 times EBITDA — roughly 6 years of earnings before interest, tax and depreciation to repay borrowings in full.
- Gross margin narrowing Gross margin fell from 82.7% to 80.8%. The company is keeping less of each dollar of sales than it did a year ago.
Last reported
Sep 30, 2026
Results reaction
Sep 30, 2026-7% vs market2 sessions after results
Financials
- Gross 81%
- Net 7%
- Free cash 23%
- Cash
- Long-term debt
| FY2020Nov 30, 2020 | FY2021Nov 30, 2021 | FY2022Nov 30, 2022 | FY2023Nov 30, 2023 | FY2024Nov 30, 2024 | FY2025Nov 30, 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $442.1M | $531.3M | $602.0M | $694.4M | $753.4M | $977.8M |
| Gross margin | 86% | 85% | 84% | 82% | 83% | 81% |
| Operating income | $107.7M | $116.1M | $132.1M | $110.5M | $124.0M | $153.3M |
| Net income | $79.7M | $78.4M | $95.1M | $70.2M | $68.4M | $73.1M |
| Net margin | 18% | 15% | 16% | 10% | 9% | 7% |
| Earnings per share | $1.76 | $1.76 | $2.15 | $1.57 | $1.54 | $1.66 |
| Free cash flow | $138.3M | $173.9M | $186.1M | $168.3M | $206.3M | $229.5M |
| Free cash margin | 31% | 33% | 31% | 24% | 27% | 23% |
| Cash | $98.0M | $155.4M | $256.3M | $127.0M | $118.1M | $94.8M |
| Long-term debt | $364.3M | $534.5M | $611.8M | $710.9M | $1.5B | $1.0B |
| Shareholders' equity | $346.0M | $412.5M | $398.5M | $459.7M | $438.8M | $478.3M |
| Shares outstanding | 44.24m | 44.15m | 43.26m | 43.80m | 43.36m | 42.34m |
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Sep 30, 2026 | Quarterly ↗ | Aug 31, 2026 | 30d |
| Jun 30, 2026 | Quarterly ↗ | May 31, 2026 | 30d |
| Mar 31, 2026 | Quarterly ↗ | Feb 28, 2026 | 31d |
| Jan 20, 2026 | Annual ↗ | Nov 30, 2025 | 51d |
| Sep 29, 2025 | Quarterly ↗ | Aug 31, 2025 | 29d |
| Jun 30, 2025 | Quarterly ↗ | May 31, 2025 | 30d |
| Mar 31, 2025 | Quarterly ↗ | Feb 28, 2025 | 31d |
| Jan 21, 2025 | Annual ↗ | Nov 30, 2024 | 52d |
| Oct 8, 2024 | Quarterly ↗ | Aug 31, 2024 | 38d |
| Jul 8, 2024 | Quarterly ↗ | May 31, 2024 | 38d |
| Apr 8, 2024 | Quarterly ↗ | Feb 29, 2024 | 39d |
| Jan 26, 2024 | Annual ↗ | Nov 30, 2023 | 57d |
Current reports
| Filed | Disclosed |
|---|---|
| Sep 30, 2026 | Results · Regulation FD ↗ |
| Sep 22, 2026 | Acquisition or disposal · Regulation FD ↗ |
| Jul 22, 2026 | Material agreement · Results · Regulation FD ↗ |
| Jun 30, 2026 | Results · Regulation FD ↗ |
| May 11, 2026 | Shareholder vote ↗ |
| Mar 30, 2026 | Results · Regulation FD ↗ |
| Jan 20, 2026 | Results · Regulation FD ↗ |
| Sep 29, 2025 | Results · Regulation FD ↗ |
| Jul 22, 2025 | Material agreement · Agreement ended · New obligation · Regulation FD ↗ |
| Jun 30, 2025 | Results · Regulation FD ↗ |
| May 9, 2025 | Shareholder vote ↗ |
| Mar 31, 2025 | Results · Regulation FD ↗ |