---
schema_version: "secwatch.filing_event.v1"
accession: "0000876167-25-000142"
form_type: "8-K"
ticker: "PRGS"
cik: "0000876167"
company_name: "PROGRESS SOFTWARE CORP /MA"
filed_at: "2025-09-29T23:59:59+00:00"
generated_at: "2026-05-17T05:30:15.364714+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Progress Q3 revenue $250M (+40% YoY), ARR $849M (+47%), raises FY guidance

## Summary
- Revenue $249.8M (+40% YoY; +38% constant currency); ARR $849M (+47% constant currency).
- GAAP diluted EPS $0.44 (down 32% YoY); Non-GAAP diluted EPS $1.50 (up 19% YoY).
- GAAP operating margin 18% (down 500bps YoY); Non-GAAP operating margin 40% (down 100bps).
- Cash from operations $73.4M (+27% YoY); Adjusted free cash flow $74.4M (+29%).
- Full-year guidance raised for revenue, EPS, and cash flow; net retention remains strong at 100%.

## SEC filing metadata
- accession: 0000876167-25-000142
- form_type: 8-K
- ticker: PRGS
- cik: 0000876167
- company_name: PROGRESS SOFTWARE CORP /MA
- filed_at: 2025-09-29T23:59:59+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/876167/000087616725000142/0000876167-25-000142-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/876167/000087616725000142/prgs-20250929.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000876167-25-000142
- JSON: https://secwatch.observer/filing/0000876167-25-000142.json
- Plain text: https://secwatch.observer/filing/0000876167-25-000142.txt

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