secwatch.observer — SEC 8-K summary
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Issuer:     PROGRESS SOFTWARE CORP /MA (PRGS)
CIK:        0000876167
Form:       8-K
Filed at:   2026-03-30T23:59:59+00:00
Accession:  0000876167-26-000050
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/876167/000087616726000050/0000876167-26-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/876167/000087616726000050/prgs-20260330.htm
  HTML page:      https://secwatch.observer/filing/0000876167-26-000050

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