---
schema_version: "secwatch.filing_event.v1"
accession: "0000876167-25-000053"
form_type: "8-K/A"
ticker: "PRGS"
cik: "0000876167"
company_name: "PROGRESS SOFTWARE CORP /MA"
filed_at: "2025-03-31T23:59:59+00:00"
generated_at: "2026-05-24T02:43:41.052295+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Progress Software updates pro forma financials for ShareFile acquisition, showing reduced EPS

## Summary
- Pro forma FY2024 revenue $978.8M, net income $35.7M, diluted EPS $0.80.
- Acquisition closed Oct 31, 2024 for $852.7M cash, funded by $730M credit facility.
- Pro forma adjustments: $60.8M additional amortization on intangibles (7-yr life).
- $44.7M incremental interest expense at 6.7% borrowing rate.
- Historical Progress net income was $68.4M ($1.54 diluted EPS) before acquisition.

## SEC filing metadata
- accession: 0000876167-25-000053
- form_type: 8-K/A
- ticker: PRGS
- cik: 0000876167
- company_name: PROGRESS SOFTWARE CORP /MA
- filed_at: 2025-03-31T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/876167/000087616725000053/0000876167-25-000053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/876167/000087616725000053/prgs-20241031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000876167-25-000053
- JSON: https://secwatch.observer/filing/0000876167-25-000053.json
- Plain text: https://secwatch.observer/filing/0000876167-25-000053.txt

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