Progress Software Q1 revenue $248M (+4%), non-GAAP EPS $1.60 (+22%) beat

PROGRESS SOFTWARE CORP /MA

2026-Q1 EPS reported $0.53 revenue$247,799,000

GAAP diluted EPS $0.53 vs $0.24 YoY, up 121% on revenue of $247.8M (+4% actual, +2% constant currency).
Non-GAAP diluted EPS $1.60 vs $1.31 YoY, up 22%; non-GAAP operating margin 41% (up 200 bps).
Annualized Recurring Revenue (ARR) $863M, up 2% constant currency; cash from operations $98.6M (+43%).
Adjusted free cash flow $98.8M (+35%); unlevered free cash flow $111M (+26%).
CEO cited continued momentum from 2025 into FY26 with strong margins, cash flow, and share buybacks.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PROGRESS SOFTWARE CORP /MA reported its fiscal first quarter ended February 28, 2026 results: revenue $247,799, net income $22,813, EPS $0.53.

Period: its fiscal first quarter ended February 28, 2026
Revenue: $247,799
Net income: $22,813
EPS: $0.53
Result: reported results

Exact text from the filing

Three Months Ended GAAP Non-GAAP (in thousands, except percentages and per share amounts) February 28, 2026 February 28, 2025 % Change February 28, 2026 February 28, 2025 % Change Revenue $ 247,799 $ 238,015 4 % $ 247,799 $ 238,015 4 % Income from operations $ 46,465 $ 32,426 43 % $ 102,185 $ 93,595 9 % Operating margin 19 % 14 % 500 bps 41 % 39 % 200 bps Net income $ 22,813 $ 10,946 108 % $ 68,300 $ 58,995 16 % Diluted earnings per share $ 0.53 $ 0.24 121 % $ 1.60 $ 1.31 22 %

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PROGRESS SOFTWARE CORP /MA filing history →

Source: SEC EDGAR

accession 0000876167-26-000050

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