← BackPROGRESS SOFTWARE CORP /MA · SoftwarePRGS
Low riskNext report: Around Jan 19, 2027 (est.)
The short versionA profitable company with steady sales. Institutions are adding.
Going well
- Profitable
- Sales up 30% last year
- Brings in more cash than it spends
Money moves
- Insiders sold $261K in the last 30 days, all through pre-planned sales
- Institutions added 5.4% to their holdings in the quarter ending June 2026 (172 bought, 138 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$46.30-0.3% that day
- Company value
- $1.9B
- Share price times all shares
- Price vs profit (P/E)
- 21.3x
- You pay about $21 for each $1 of yearly profit
- Price vs sales
- 1.9x
- Company value is 1.9 times a year of sales
- Cash vs value
- 6%
- Cash as a share of company value
- Debt vs value
- 74%
- Debt as a share of company value
From PRGS's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Aug '26$246.0M-1.5% vs a year earlier
Nov '23Tap a barAug '26
Last 12 months: $999.9M, up 6.4% from the 12 months before. Over 5 years, sales grew about 17% a year.
Business quality
The checklist Warren Buffett-style investors use. Annual numbers for 2025.- PassReturn on equity 15%+Earns a lot on the money owners have in the business.15.9%
- MissDebt under half of equityNot relying on borrowed money.2.93x equity
- MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.7.5%
- MissProfitable every yearSteady profits, not one good year.9 of 10 years
- PassFree cash flow positiveBrings in more cash than it spends to run and grow.$229.5M
- PassShare count not growingNot diluting owners. Falling means buybacks.-0.5% in 3 years
- PassGross margin 40%+Pricing power: sells for well above what it costs to make.80.8%
- Revenue
- $977.8M
- +29.8% vs prior year
- 5-year growth
- +17.2%/yr
- revenue, per year
- Total debt
- $1.4B
- 2.93x equity
- Current ratio
- 0.49x
- short-term assets / bills due
From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Aug 31, 2026- Revenue
- $246.0M
- -1.5% YoY
- EPS
- $0.55
- vs $0.44
- Op. margin
- 18.9%
- +1.3 pts
- Gross margin
- 82.7%
- +1.7 pts
- Free cash flow
- $86.3M
- Share count
- -5.1%
- vs a year ago
Insider rating
Last 90 days
46Mixed
- Pre-planned sales of $261K (weaker signal)
50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.
Weekly insider trend13 weeks agoBoughtSoldThis week
Filing buzz
Last 7 days vs normal
40/ 100
- This week
- 1
- Normal week
- 1.4
- vs normal
- 0.7x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+5.4%Institutions added 5.4% to their holdings. 172 bought, 138 sold.
Shares held by institutions46.4M
Sep '24Jun '26
Share count growthYearly rate, last 3 years
-2.1%Cash runwayAt last year's cash burn
Cash flow positiveDebt to equityLatest balance sheet: debt compared with what owners have
2.3x · $1.2B debtShares outstandingLatest reported
41MNext reportAround Jan 19, 2027 (est.)Estimated from the same quarter last year
- Results filedSep 30
- Results filedJul 22
- Results filedJun 30
- Results filedMar 30
- Results filedJan 20
Insider trades
Open-market buys and sells, last 90 days Bought$00 insiders
Sold$261K3 insiders, 3 pre-planned
| Insider | Trade | Shares | Avg price | Value | Owns after | Date |
|---|
Loren JarrettEVP/GM Digital Experience | Sell | 2K | $43.47 | $91K | 11K | |
- -16.2% of their holdings
- Pre-planned sale (10b5-1)
- Filed 1 day after
|
Anthony FolgerChief Financial Officer | Sell | 3K | $40.36 | $124K | 50K | |
- -5.8% of their holdings
- $40.09 to $40.69 across 2 trades
- Pre-planned sale (10b5-1)
- Filed 4 days after
|
Yufan Stephanie WangChief Legal Officer | Sell | 1K | $37.00 | $46K | 3K | |
- -26.3% of their holdings
- Pre-planned sale (10b5-1)
- Filed 2 days after
|
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.
Latest filings
Straight from SEC EDGAR
SoldLoren JarrettEVP/GM Digital Experience
2,086 shares at $43.47 · $91K
- -16% of holdings
- Now owns 10,815 shares
- Pre-planned sale (10b5-1)
- Filed 1 day after trade
SoldAnthony FolgerChief Financial Officer
3,067 shares at $40.36 avg ($40.09 to $40.69) · $124K
- -6% of holdings
- Now owns 49,984 shares
- Pre-planned sale (10b5-1)
- 2 transactions
- Filed 4 days after trade
SoldYufan Stephanie WangChief Legal Officer
1,245 shares at $37.00 · $46K
- -26% of holdings
- Now owns 3,487 shares
- Pre-planned sale (10b5-1)
- Filed 2 days after trade
Option exerciseJohn AinsworthEVP/GM App & Data Platform
5,099 shares
- +9% of holdings
- Now owns 61,946 shares
- 3 transactions
- Filed 4 days after trade
- Also: Shares withheld for taxes
Option exerciseAnthony FolgerChief Financial Officer
10,191 shares
- +23% of holdings
- Now owns 55,126 shares
- 3 transactions
- Filed 4 days after trade
- Also: Shares withheld for taxes
Option exerciseYogesh K GuptaChief Executive Officer, Director
27,243 shares
- +10% of holdings
- Now owns 306,445 shares
- 3 transactions
- Filed 4 days after trade
- Also: Shares withheld for taxes