{"schema_version":"secwatch.filing_event.v1","accession":"0000876167-26-000050","form_type":"8-K","ticker":"PRGS","cik":"0000876167","company_name":"PROGRESS SOFTWARE CORP /MA","filed_at":"2026-03-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.882359+00:00","generated_at":"2026-05-15T08:29:54.948532+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Progress Software Q1 revenue $248M (+4%), non-GAAP EPS $1.60 (+22%) beat","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000876167-26-000050","json":"https://secwatch.observer/filing/0000876167-26-000050.json","markdown":"https://secwatch.observer/filing/0000876167-26-000050.md","text":"https://secwatch.observer/filing/0000876167-26-000050.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/876167/000087616726000050/0000876167-26-000050-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/876167/000087616726000050/prgs-20260330.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T08:29:54.948532+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0cec574cbaad3e5b8dc927ced86b1aab064b3b8e","claim":"PROGRESS SOFTWARE CORP /MA reported its fiscal first quarter ended February 28, 2026 results: revenue $247,799, net income $22,813, EPS $0.53.","evidence_excerpt":"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 %","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/876167/000087616726000050/0000876167-26-000050-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"its fiscal first quarter ended February 28, 2026"},{"label":"Revenue","value":"$247,799"},{"label":"Net income","value":"$22,813"},{"label":"EPS","value":"$0.53"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}