---
schema_version: "secwatch.filing_event.v1"
accession: "0000876167-25-000009"
form_type: "8-K"
ticker: "PRGS"
cik: "0000876167"
company_name: "PROGRESS SOFTWARE CORP /MA"
filed_at: "2025-01-21T23:59:59+00:00"
generated_at: "2026-05-27T22:46:40.720604+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Progress reports Q4 revenue $215M (+21% YoY), ARR up 46%; suspends dividend, guides FY25 rev $958-970M

## Summary
- Q4 GAAP diluted EPS $0.03 (-91% YoY) on ShareFile acquisition costs; non-GAAP EPS $1.33 (+30%).
- ARR of $842M (+46% YoY); NRR above 100% for FY2024.
- ShareFile acquisition completed Oct 31; quarterly dividend suspended to direct capital to debt repayment.
- FY2025 guidance: revenue $958-970M, non-GAAP EPS $5.00-$5.12, operating margin 37-38%.
- FY2024 cash from ops $211M (+22% YoY); adjusted free cash flow $212M.

## SEC filing metadata
- accession: 0000876167-25-000009
- form_type: 8-K
- ticker: PRGS
- cik: 0000876167
- company_name: PROGRESS SOFTWARE CORP /MA
- filed_at: 2025-01-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/876167/000087616725000009/0000876167-25-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/876167/000087616725000009/prgs-20250121.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000876167-25-000009
- JSON: https://secwatch.observer/filing/0000876167-25-000009.json
- Plain text: https://secwatch.observer/filing/0000876167-25-000009.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.