earnings
confidence high
sentiment neutral
materiality 0.62
Progress Software Q3 revenue $246M, down 2% YoY; non-GAAP EPS $1.69, up 13%; Domo AI deal closed
PROGRESS SOFTWARE CORP /MA
2026-Q3 EPS
reported $1.58
vs consensus $1.55
▲ beat
(+2.2%)
- Revenue of $246.0M fell 2% year-over-year on both an actual and constant currency basis; ARR of $873M grew 1% YoY in constant currency.
- GAAP diluted EPS $0.55 vs $0.44 (+25%); non-GAAP diluted EPS $1.69 vs $1.50 (+13%). GAAP net income $22.8M, up 17%; non-GAAP $70.2M, up 7%.
- GAAP operating margin 19% (vs 18%); non-GAAP operating margin 43% (vs 40%), a 300 bps improvement. GAAP income from operations $46.6M, up 6%.
- Cash from operations $88.0M (+20% YoY); adjusted free cash flow $87.2M (+17%); unlevered free cash flow $100.7M (+14%).
- Acquisition of Domo's AI and Data Platform Business closed; CEO Yogesh Gupta said the deal strengthens Progress' ability to help customers accelerate AI-powered innovation.