secwatch.observer — SEC 8-K summary
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Issuer:     PROGRESS SOFTWARE CORP /MA (PRGS)
CIK:        0000876167
Form:       8-K
Filed at:   2025-09-29T23:59:59+00:00
Accession:  0000876167-25-000142
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/876167/000087616725000142/0000876167-25-000142-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/876167/000087616725000142/prgs-20250929.htm
  HTML page:      https://secwatch.observer/filing/0000876167-25-000142

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