---
schema_version: "secwatch.filing_event.v1"
accession: "0000876167-25-000051"
form_type: "8-K"
ticker: "PRGS"
cik: "0000876167"
company_name: "PROGRESS SOFTWARE CORP /MA"
filed_at: "2025-03-31T23:59:59+00:00"
generated_at: "2026-05-24T02:43:47.766820+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Progress Q1 revenue up 29% YoY to $238M, ARR jumps 48% to $836M, GAAP EPS down 53%

## Summary
- Revenue $238M (+29% YoY); ARR $836M (+48% YoY) driven by ShareFile acquisition.
- GAAP operating margin 14% (down from 19%); non-GAAP operating margin 39% (down from 42%).
- GAAP diluted EPS $0.24 (down 53%); non-GAAP diluted EPS $1.31 (up 5%).
- Cash from operations $68.9M; adjusted free cash flow $73.2M; ShareFile integration on track.
- Net retention rate above 100%; data platform and infrastructure management products performed well.

## SEC filing metadata
- accession: 0000876167-25-000051
- form_type: 8-K
- ticker: PRGS
- cik: 0000876167
- company_name: PROGRESS SOFTWARE CORP /MA
- filed_at: 2025-03-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/876167/000087616725000051/0000876167-25-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/876167/000087616725000051/prgs-20250331.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000876167-25-000051
- JSON: https://secwatch.observer/filing/0000876167-25-000051.json
- Plain text: https://secwatch.observer/filing/0000876167-25-000051.txt

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