---
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"
generated_at: "2026-05-15T08:29:54.948532+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000876167-26-000050
- JSON: https://secwatch.observer/filing/0000876167-26-000050.json
- Plain text: https://secwatch.observer/filing/0000876167-26-000050.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/876167/000087616726000050/0000876167-26-000050-index.htm

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