Is Progress Software (PRGS) overvalued or fairly valued?

MarketChacha shows Progress Software's valuation in context — a trailing P/E of about 20.4, a forward P/E of about 6.1, a price-to-book of about 3.1 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Progress Software's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (2.93×) from reported figures — education, not a rating.

What is Progress Software's revenue?

Progress Software reported revenue of $977.8M for FY2025, with net profit of $73.1M, per official filings.

What is the share price of Progress Software (PRGS)?

Progress Software last traded at $37.90 (-4.0% on the day), as of 7/22/2026 — a delayed quote shown for education, not investment advice.

Progress Software

PRGS · NYSE · Technology · United States

$37.90-4.0%

Delayed · as reported by Yahoo Finance · as of Jul 22, 2026, 7:25 PM

Snapshot

TickerPRGS

ExchangeNYSE

SectorTechnology

IndustrySoftware - Infrastructure

CountryUnited States

Employees2,801

HeadquartersBurlington, United States

Market cap$1.6B

P/E (TTM)20.4

P/B3.1

Volume230.09K

Websitewww.progress.com

Filings tracked5

About Progress Software

Progress Software Corporation provides software products that develops, deploys, and manages artificial intelligence (AI) powered applications and digital experiences in the United States and internationally. The company offers Agentic RAG, a next-generation Agentic Rag-as-a-Service platform; Automate MFT, a cloud-native Software-as-a-Service (SaaS) platform for automated and secure file transfers; Chef, a DevOps/DevSecOps automation software; Corticon, a decision automation platform; DataDirect, a secure data connectivity tools for Relational, NoSQL, Big Data, and SaaS data sources; Developer Tools, such as software development tooling collection, including NET and JavaScript UI components for web, desktop and mobile applications, AI-prompt components, reporting and report management tools, and automated testing and mocking tools; Flowmon, a AI-powered network security and visibility product with automated response across hybrid cloud ecosystems; and Kemp LoadMaster, an application delivery and security product for cloud-native, and virtual and hardware load balancers. It also provides MarkLogic, a data agility platform to connect data and metadata; MOVEit, a managed file transfer software; OpenEdge, an application development platform; Semaphore, a Semantic AI platform; ShareFile, an SaaS-native AI-powered document centric collaboration platform; Sitefinity, a digital experience platform foundation; and WhatsUp Gold, a network infrastructure monitoring software to find and fix network problems. The company offers project management, implementation, custom software development, programming, and other services, as well as web-enable applications, and training services. It sells its products to end users, independent software vendors, original equipment manufacturers, system integrators, value added resellers, and distributors. The company was founded in 1981 and is headquartered in Burlington, Massachusetts.

Profile as reported by Yahoo Finance.

Who owns it

Insiders2.3%
Institutions97.7%
Public & other0.0%

422 institutional holders

As reported by Yahoo Finance.

Top holders

Blackrock Inc.17.00%
Vanguard Portfolio Management LLC8.36%
Vanguard Capital Management LLC4.70%
State Street Corporation4.29%
Boston Trust Walden Corporation4.19%
Dimensional Fund Advisors LP3.01%
Arrowstreet Capital, Limited Partnership2.98%
Geode Capital Management, LLC2.65%

Largest institutional holders, as reported by Yahoo Finance (as of 3/31/2026).

Forensic scorecard

Margin has compressed by about 2.6 points over the period — profitability is trending down.

Cash conversion2.93×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend10.1% → 7.5%

Margin has compressed by about 2.6 points over the period — profitability is trending down.

Return on equity15.3%

Latest ROE of 15.3% — capital is generating a healthy return.

Growth qualityrev 19% · PAT 2%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $249.7M · EPS 1.43

Est. earnings growth -5.4%

Next fiscal year

Rev $1.0B · EPS 6.24

Est. earnings growth +1.8%

Analyst consensus estimates — not the company's own guidance. As reported by Yahoo Finance.

$23.8252-wk range$51.28

Delayed · as reported by Yahoo Finance

New to these terms?

P/E ROE ROCE Margins Market cap

Browse the Learn hub →

Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Market cap

$1.6B

Day change

-4.0%

P/E (TTM)

20.4

Fwd P/E

6.1

P/B

3.1

Beta

0.82

Revenue (FY2025)

$977.8M

Net margin

7.5%

ROE

15.3%

Revenue CAGR (2y)

+18.7%

Profit CAGR (2y)

+2.1%

EPS (FY2025)

1.66

Net profit (FY2025)

$73.1M

Market figures: Delayed · as reported by Yahoo Finance. Financials as reported in company filings.

Ask MarketChacha about PRGS

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$977.8M	$73.1M	1.66	7.5%	15.3%
FY2024	$753.4M	$68.4M	1.54	9.1%	15.6%
FY2023	$694.4M	$70.2M	1.57	10.1%	15.3%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$253.5M	$21.1M	0.50	8.3%
2026Q1	$247.8M	$22.8M	0.53	9.2%
2025Q3	$249.8M	$19.4M	0.44	7.8%
2025Q2	$237.4M	$17.0M	0.39	7.2%
2025Q1	$238.0M	$10.9M	0.24	4.6%
2024Q3	$178.7M	$28.5M	0.65	15.9%
2024Q2	$175.1M	$16.2M	0.37	9.2%
2024Q1	$184.7M	$22.6M	0.51	12.3%
2023Q3	$175.0M	$19.1M	0.42	10.9%
2023Q2	$178.3M	$12.1M	0.27	6.8%
2023Q1	$164.2M	$23.7M	0.53	14.4%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Results of operations, Reg FD disclosure, Exhibits
SEC6/30/2026material
10-Q filing
SEC6/30/2026
8-K — Shareholder vote results
SEC5/11/2026material
10-Q filing
SEC3/31/2026
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC3/30/2026material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed · as reported by yahoo finance) are delayed and shown for reference only. Verify with the linked sources before acting.