---
schema_version: "secwatch.filing_event.v1"
accession: "0000876167-25-000084"
form_type: "8-K"
ticker: "PRGS"
cik: "0000876167"
company_name: "PROGRESS SOFTWARE CORP /MA"
filed_at: "2025-06-30T23:59:59+00:00"
generated_at: "2026-05-18T15:13:12.116885+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Progress Software Q2: ARR $838M (+46%), revenue $237M (+36%), raises FY guidance

## Summary
- ARR of $838M grew 46% YoY; revenue $237M up 36% YoY (35% constant currency).
- GAAP EPS $0.39; non-GAAP EPS $1.40 (+28% YoY); non-GAAP operating margin 40% (+200 bps).
- Net retention rate 100%; cash from operations $30M; adjusted free cash flow $37M.
- Raised full-year guidance for revenue, operating margin, EPS and cash flow.
- Acquired Agentic RAG AI company; no financial terms disclosed; integration of ShareFile on track.

## SEC filing metadata
- accession: 0000876167-25-000084
- form_type: 8-K
- ticker: PRGS
- cik: 0000876167
- company_name: PROGRESS SOFTWARE CORP /MA
- filed_at: 2025-06-30T23:59:59+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/876167/000087616725000084/0000876167-25-000084-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/876167/000087616725000084/prgs-20250630.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000876167-25-000084
- JSON: https://secwatch.observer/filing/0000876167-25-000084.json
- Plain text: https://secwatch.observer/filing/0000876167-25-000084.txt

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