Logotype for Progress Software Corporation

Progress Software (PRGS) investor relations material

Progress Software Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Progress Software Corporation
Q3 2025 earnings summary29 Sep, 2025

Executive summary

  • Q3 2025 delivered revenue of $250 million, up 40% year-over-year, with ARR at $849 million, a 47% increase, driven by strong AI-fueled demand and successful ShareFile integration.

  • Non-GAAP EPS was $1.50, up 19% year-over-year and above guidance; GAAP EPS was $0.44, down 32% due to higher costs and interest expense.

  • Operating margin reached 40% (non-GAAP) and 18% (GAAP); net retention rate held at 100%.

  • ShareFile contributed $260 million to ARR and $64.6 million in quarterly revenue, with integration completed ahead of schedule.

  • AI innovation and product enhancements drove customer retention and expansion, supporting robust execution.

Financial highlights

  • Q3 2025 revenue was $250 million, exceeding guidance; ARR reached $849 million, up 47% year-over-year.

  • Non-GAAP operating margin was 40%; GAAP operating margin was 18%.

  • Adjusted free cash flow was $74 million, up 29% year-over-year; unlevered free cash flow was $89 million, up 40%.

  • Net income for Q3 2025 was $19.4 million, down 32% year-over-year; non-GAAP net income was $65.7 million, up 19%.

  • Gross margin for Q3 2025 was 81%.

Outlook and guidance

  • Q4 2025 revenue expected at $250–$256 million; non-GAAP EPS forecasted at $1.29–$1.35.

  • Full-year 2025 revenue guidance raised to $975–$981 million; non-GAAP EPS to $5.50–$5.56.

  • FY25 adjusted free cash flow guidance increased to $228–$242 million; unlevered free cash flow to $285–$296 million.

  • Operating margin for FY25 expected at 38–39% (non-GAAP) and 15% (GAAP).

  • Guidance assumes $65 million in share repurchases and $160 million in debt repayment for the year.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Progress Software earnings date

Logotype for Progress Software Corporation
Q4 2025
LIVE
21 Jan, 2026
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Progress Software earnings date

Logotype for Progress Software Corporation
Q4 2025
LIVE
21 Jan, 2026

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Progress Software Corporation offers Progress OpenEdge, a data serving platform that provides an application development environment and run-time security; and Progress Corticon, a business rules management system to automate decision making. The company also provides Progress Rollbase, a cloud application development and delivery platform for developing applications without coding; and Progress DataDirect Connect that connects various applications with data sources. In addition, it offers Progress Control Tower, a monitoring solution for end-to-end transactions in the hybrid enterprise. Further, the company provides consulting services related to business process management, application modernization, and mobile solutions.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage