---
schema_version: "secwatch.filing_event.v1"
accession: "0001392972-24-000120"
form_type: "8-K"
ticker: null
cik: "0001392972"
company_name: "PROS Holdings, Inc."
filed_at: "2024-10-29T23:59:59+00:00"
generated_at: "2026-05-30T09:00:17.108002+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# PROS beats Q3 guidance; CEO Andres Reiner to retire upon successor appointment

## Summary
- Subscription revenue $67.1M (+12% YoY); total revenue $82.7M (+7% YoY); GAAP net income $0.2M vs loss $13.9M.
- Non-GAAP EPS $0.14 vs $0.09; adjusted EBITDA $9.3M vs $5.6M; all metrics exceeded guidance.
- Q4 2024 guidance: total revenue $84.1-$85.1M, non-GAAP EPS $0.12-$0.14; FY free cash flow guidance raised to $21-$24M.
- CEO Andres Reiner to retire upon naming successor; will serve as advisor for 12 months post-transition.
- Subscription gross margin improved >190bps to 78% GAAP/80% non-GAAP; added top-tier customers.

## SEC filing metadata
- accession: 0001392972-24-000120
- form_type: 8-K
- cik: 0001392972
- company_name: PROS Holdings, Inc.
- filed_at: 2024-10-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1392972/000139297224000120/0001392972-24-000120-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1392972/000139297224000120/pro-20241025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001392972-24-000120
- JSON: https://secwatch.observer/filing/0001392972-24-000120.json
- Plain text: https://secwatch.observer/filing/0001392972-24-000120.txt

## Key facts
- Executive change
  Andres Reiner departed as President and Chief Executive Officer at PROS Holdings, Inc..
  - Action: retire
  - Role: President and Chief Executive Officer
  source text: On October 25, 2024, the Company's President and Chief Executive Officer, Andres Reiner, notified the Company's Board of Directors (the "Board") that he intends to retire from his position, effective upon his successor’s appointment as the Company’s Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1392972/000139297224000120/0001392972-24-000120-index.htm

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