secwatch.observer — SEC 8-K summary
======================================

Issuer:     PROGRESS SOFTWARE CORP /MA (PRGS)
CIK:        0000876167
Form:       8-K
Filed at:   2026-09-30T20:07:19+00:00
Accession:  0000876167-26-000110
Event type: earnings
Sentiment:  neutral
Materiality: 0.62
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Progress Software Q3 revenue $246M, down 2% YoY; non-GAAP EPS $1.69, up 13%; Domo AI deal closed
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/876167/000087616726000110/0000876167-26-000110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/876167/000087616726000110/prgs-20260930.htm
  HTML page:      https://secwatch.observer/filing/0000876167-26-000110

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