Progress Software PRGS
Infrastructure Software Enterprise Software Security DevOps/Dev Tools Cybersecurity Mature SaaS

Progress Software trades at 2.3x EV/NTM revenue on a $2.28B enterprise value. Revenue grew -1.5% year over year to $246.0M in the quarter ending August 2026, an annual run rate of $984.0M. Progress Software reports a 82.7% gross margin.

ARR ($M)
Net Dollar Retention
--
ARR Growth
--
EV / NTM Revenue
2.3x
Payback Period
EV / Run Rate
2.3x
Price & Key Metrics
Price Performance
Company Details
Share Price: 39.33
Last Filing Date: 2026-08-31
Fiscal Year End: 11-30
Last Filing: Form
Founding Year: 1981
IPO Year: 1991
% of 52 wk High: 85%
Description
Progress Software Corporation is a provider of cloud-based security solutions to large- and mid-sized organizations in a wide range of industries. Its product includes OpenEdge; Chef; Developer Tools; Kemp LoadMaster; MOVEit; DataDirect; WhatsUp Gold; Sitefinity; Flowmon and Corticon. The company derives revenue from perpetual licenses to its products, but some products also use term licensing models. Its cloud-based offerings use a subscription-based model. A majority of the firm's revenue is generated in the United States and also has a presence in Canada, the Middle East, and Africa (EMEA), Latin America, and Asia Pacific.
Reporting Notes
Categories
Infrastructure Software Enterprise Software Security DevOps/Dev Tools Cybersecurity Mature SaaS
Valuation
Market Cap: 1,607.582
Enterprise Value: 2,283.929
EV / Revenue Run Rate: 2.3x
EV / NTM Revenue: 2.3x
EV / 2026 Revenue Estimates: 2.3x
EV / 2027 Revenue Estimates: --
EV / 2028 Revenue Estimates: --
Key Business Metrics
Net Dollar Retention: --
Customers: --
ARR: --
ARR Growth %: --
ARR/Customer ($K): --
ARR/Employee ($K): --
Revenue
Revenue Run Rate: 984
ARR: --
2026 Revenue Estimates: 995
2027 Revenue Estimates: --
2028 Revenue Estimates: --
LTM Revenue: 999
Last Year Run Rate: 999
Growth
Revenue Growth: -2%
ARR Growth: --
Growth Persistence: --
2026 Revenue Growth Estimates: 2%
2027 Revenue Growth Estimates: --
2028 Revenue Growth Estimates: --
Financials
Quarterly
Calendar Year
Frequently Asked Questions

How fast is Progress Software growing?

Progress Software grew revenue -1.5% year over year, reaching $246.0M in the quarter ending August 2026.

What multiple does Progress Software trade at?

Progress Software trades at 2.3x EV/NTM revenue and 2.3x EV/run-rate, on an enterprise value of $2.28B.

Is Progress Software profitable?

For Progress Software, operating income was $46.6M last quarter and LTM free cash flow margin is 31.9%.

What sector is Progress Software in?

Public Comps classifies Progress Software under Infrastructure Software, Enterprise Software, Security, DevOps/Dev Tools, Cybersecurity, and Mature SaaS.

Where does Public Comps get Progress Software's data?

Figures come from Progress Software's own SEC filings, normalised into a consistent quarterly format and refreshed after each earnings release.