Progress Software Corporation (PRGS)

Nasdaq: PRGS · Services-Prepackaged Software · Burlington, MA · filing with the SEC since 1995

Grade6.3

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Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts in thousands. The fiscal year ends in November.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Nov 30, 2025	Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021	Nov 30, 2020	Nov 30, 2019	Nov 30, 2018	Nov 30, 2017	Nov 30, 2016
Report filed	Jan 20, 2026	Jan 21, 2025	Jan 26, 2024	Jan 27, 2023	Jan 27, 2022	Jan 27, 2021	Jan 27, 2020	Jan 28, 2019	Jan 26, 2018	Jan 30, 2017
Revenue	977,831	753,409	694,439	602,013	531,313	442,150	413,298	378,981^r	389,154^r	405,341
Cost of revenue	187,581	130,482	126,577	94,496	78,449	62,114	75,241	66,973	69,159	65,712
Gross profit	790,250	622,927	567,862	507,517	452,864	380,036	338,057	312,008^r	319,995^r	339,629
Sales and marketing	211,013	164,570	156,076	140,760	125,890	100,113	101,701	93,036	101,051^r	121,501
General and administrative	108,215	89,518	83,157	77,876	65,128	54,004	53,360	49,050	45,739	46,532
Total operating expenses	636,960	498,924	457,339	375,386	336,762	272,308	297,973	244,194	262,505^r	369,338
Total costs and expenses	·	·	·	·	·	·	·	102,541	108,471	125,878
Operating income	153,290	124,003	110,523	132,131	116,102	107,728	40,084	67,814^r	57,490^r	-29,709
Interest expense	70,850	32,012	30,780	15,790	20,045	10,170	9,913	5,149	4,631	4,178
Other income (expense), net	1,759	4,734	2,538	1,414	777	1,495	1,143	1,220	921	839
Total non-operating income (expense)	-71,662	-29,739	-30,866	-14,876	-20,568	-11,093	-11,589	-7,018	-5,027	-5,571
Income before income taxes	81,628	94,264	79,657	117,255	95,534	96,635	28,495	60,796^r	52,463^r	-35,280
Income tax expense	8,495	25,826	9,460	22,186	17,114	16,913	2,095	11,126^r	23,442^r	20,446
Income from continuing operations	73,133	68,438	70,197	95,069	78,420	79,722	·	·	·	·
Net income	73,133	68,438	70,197	95,069	78,420	79,722	26,400	49,670^r	29,021^r	-55,726
Net income to common shareholders	·	·	70,197	95,069	78,420	79,722	·	·	·	·
Earnings per share, basic	1.70	1.58	1.62	2.19	1.79	1.78	0.59	1.09^r	0.60^r	-1.13
Earnings per share, diluted	1.66	1.54	1.57	2.15	1.76	1.76	0.58	1.08^r	0.60^r	-1.13
Weighted average shares, basic	42,996	43,268	43,456	43,475	43,916	44,886	44,791	45,561	48,129	49,481
Weighted average shares, diluted	44,019	44,427	44,658	44,247	44,620	45,321	45,340	46,135	48,516	49,481

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it sold

us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
us-gaap:Revenues

Cost of revenue what it cost to make or buy what it sold

us-gaap:CostOfRevenue
us-gaap:CostOfGoodsAndServicesSold

Gross profit revenue less the cost of what it soldus-gaap:GrossProfit

Sales and marketing the cost of finding and serving customersus-gaap:SellingAndMarketingExpense

General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense

Total operating expenses the running costs togetherus-gaap:OperatingExpenses

Total costs and expenses every operating cost, the cost of revenue includedus-gaap:OperatingCostsAndExpenses

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing cost

us-gaap:InterestExpenseNonoperating
us-gaap:InterestExpense

Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense

Total non-operating income (expense) everything outside the business, togetherus-gaap:NonoperatingIncomeExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Income from continuing operations profit from the businesses it keepsus-gaap:IncomeLossFromContinuingOperations

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton PRGS · research, not advice