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The latest update is out from Progress Software ( (PRGS) ).
On January 20, 2026, Progress Software reported that revenue for its fiscal fourth quarter ended November 30, 2025, rose 18% year over year to $253 million, with annualized recurring revenue reaching $852 million, up 2% on a constant-currency basis, while GAAP operating margin improved to 15% and diluted EPS jumped to $0.59 from $0.03, underscoring strong profitability gains. For the full fiscal year 2025, revenue grew 30% to $978 million and GAAP diluted EPS increased 8% to $1.66, supported by the completed integration of the ShareFile acquisition, robust performance across the product set, and AI-driven customer projects; the company also generated $235 million in operating cash flow and strengthened shareholder returns with a $200 million increase in its share repurchase authorization in September 2025, positioning it for continued ARR growth and a solid start to fiscal 2026.
The most recent analyst rating on (PRGS) stock is a Buy with a $54.00 price target. To see the full list of analyst forecasts on Progress Software stock, see the PRGS Stock Forecast page.
Spark’s Take on PRGS Stock
According to Spark, TipRanks’ AI Analyst, PRGS is a Outperform.
Progress Software’s overall stock score is driven by strong earnings call performance and solid financial growth, particularly in ARR and AI integration. However, mixed technical indicators and high valuation metrics slightly offset these strengths. The company must address profitability challenges and improve cash conversion to enhance its financial health further.
To see Spark’s full report on PRGS stock, click here.
More about Progress Software
Progress Software, based in Burlington, Mass., is a provider of AI-powered digital experience and infrastructure software, focusing on tools that help businesses of all sizes modernize and manage applications and data. The company’s portfolio, bolstered by acquisitions such as ShareFile, targets enterprise customers whose growing AI projects are increasingly driving demand for Progress’s products.
Average Trading Volume: 540,679
Technical Sentiment Signal: Sell
Current Market Cap: $1.72B
Find detailed analytics on PRGS stock on TipRanks’ Stock Analysis page.