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

Progress Software trades at 2.6x EV/NTM revenue on a $2.58B enterprise value. Revenue grew 6.8% year over year to $253.5M in the quarter ending May 2026, an annual run rate of $1.01B. Progress Software reports a 82.3% gross margin and 26.7-month CAC payback.

ARR ($M)
Net Dollar Retention
--
ARR Growth
--
EV / NTM Revenue
2.6x
Payback Period
26.7
EV / Run Rate
2.5x
Price & Key Metrics
Price Performance
Company Details
Share Price: 44.76
Last Filing Date: 2026-05-31
Fiscal Year End: 11-30
Last Filing: Form
Founding Year: 1981
IPO Year: 1991
% of 52 wk High: 95%
Description
Progress Software Corporation is a provider of cloud-based security solutions to large- and mid-sized organizations in a wide range of industries. Its product includes OpenEdge; Chef; Developer Tools; Kemp LoadMaster; MOVEit; DataDirect; WhatsUp Gold; Sitefinity; Flowmon and Corticon. The company derives revenue from perpetual licenses to its products, but some products also use term licensing models. Its cloud-based offerings use a subscription-based model. A majority of the firm's revenue is generated in the United States and also has a presence in Canada, the Middle East, and Africa (EMEA), Latin America, and Asia Pacific.
Reporting Notes
Categories
Infrastructure Software Enterprise Software Security DevOps/Dev Tools Cybersecurity Mature SaaS
Valuation
Market Cap: 1,835.739
Enterprise Value: 2,582.761
EV / Revenue Run Rate: 2.5x
EV / NTM Revenue: 2.6x
EV / 2026 Revenue Estimates: 2.6x
EV / 2027 Revenue Estimates: --
EV / 2028 Revenue Estimates: --
Key Business Metrics
Net Dollar Retention: --
Customers: --
ARR: --
ARR Growth %: --
ARR/Customer ($K): --
ARR/Employee ($K): --
Revenue
Revenue Run Rate: 1,013
ARR: --
2026 Revenue Estimates: 995
2027 Revenue Estimates: --
2028 Revenue Estimates: --
LTM Revenue: 1,003
Last Year Run Rate: 949
Growth
Revenue Growth: 7%
ARR Growth: --
Growth Persistence: 19%
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 6.8% year over year, reaching $253.5M in the quarter ending May 2026.

What multiple does Progress Software trade at?

Progress Software trades at 2.6x EV/NTM revenue and 2.5x EV/run-rate, on an enterprise value of $2.58B.

Is Progress Software profitable?

For Progress Software, operating income was $45.2M last quarter and LTM free cash flow margin is 30.4%.

How long does it take Progress Software to pay back CAC?

Progress Software recovers customer acquisition cost in about 26.7 months.

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.