secwatch.observer — SEC 8-K summary
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Issuer:     PROGRESS SOFTWARE CORP /MA (PRGS)
CIK:        0000876167
Form:       8-K
Filed at:   2025-06-30T23:59:59+00:00
Accession:  0000876167-25-000084
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/876167/000087616725000084/0000876167-25-000084-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/876167/000087616725000084/prgs-20250630.htm
  HTML page:      https://secwatch.observer/filing/0000876167-25-000084

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer