The earnings call reflects a strong performance for Progress Software with significant revenue and ARR growth, successful integration of ShareFile, and strategic acquisition of Nuclia to enhance AI capabilities. Despite a minor setback in free cash flow, the company's overall financial health and outlook remain robust.

Company Guidance -

Q3 2025

During Progress Software's Second Quarter 2025 Earnings Call, the company reported a total revenue of $237 million, marking a 36% increase from the previous year. The annual recurring revenue (ARR) grew by 46% year-over-year, reaching $838 million, with a net retention rate of 100%. The operating margin was reported at 40%, and earnings per share exceeded expectations, highlighting effective cost management. Additionally, the company paid down $40 million on its revolving credit line, contributing to an improved balance sheet. Looking ahead, Progress Software raised its guidance for the remainder of the fiscal year, anticipating continued business strength and solid expense control.

Strong Revenue and ARR Growth

Total revenue for the second quarter was $237 million, up 36% over last year. Annual Recurring Revenue (ARR) grew 46% year-over-year to $838 million, with net retention at 100%.

Successful ShareFile Integration

ShareFile integration is ahead of schedule, with most operational synergies completed. ShareFile contributed to strong renewals and expansions, and has been integrated with Microsoft 365, enhancing productivity.

Improved Operating Margin and Earnings

Operating margin was 40%, with earnings per share exceeding guidance at $1.40. Strong cost management and solid top line performance were key drivers.

Nuclia Acquisition

Acquired Nuclia for $20 million to enhance AI capabilities. This acquisition is expected to integrate AI features across Progress's product portfolio.

Increased Full Year Guidance

Full year 2025 revenue guidance increased by $4 million to $962-$974 million. Earnings per share guidance increased to $5.28-$5.40.

Progress Software (PRGS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

PRGS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 30, 2025	2025 (Q3)	1.30 / -	1.26	―	―	―
Jun 30, 2025	2025 (Q2)	1.30 / 1.40	1.09	28.44% (+0.31)
Mar 31, 2025	2025 (Q1)	1.06 / 1.31	1.25	4.80% (+0.06)
Jan 21, 2025	2024 (Q4)	1.22 / 1.33	1.02	30.39% (+0.31)
Sep 24, 2024	2024 (Q3)	1.14 / 1.26	1.08	16.67% (+0.18)
Jun 25, 2024	2024 (Q2)	0.95 / 1.09	1.06	2.83% (+0.03)
Mar 26, 2024	2024 (Q1)	1.14 / 1.25	1.19	5.04% (+0.06)
Jan 16, 2024	2023 (Q4)	0.91 / 1.02	1.12	-8.93% (-0.10)
Sep 26, 2023	2023 (Q3)	1.00 / 1.08	1	8.00% (+0.08)
Jun 29, 2023	2023 (Q2)	0.90 / 1.06	1.04	1.92% (+0.02)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

PRGS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jun 30, 2025	$63.84	$55.52	-13.03%
Mar 31, 2025	$51.51	$57.76	+12.13%
Jan 21, 2025	$63.52	$57.26	-9.86%
Sep 24, 2024	$57.15	$63.92	+11.85%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Progress Software Corp. (PRGS) report earnings?

Progress Software Corp. (PRGS) is schdueled to report earning on Sep 30, 2025, After Close (Confirmed).

What is Progress Software Corp. (PRGS) earnings time?

Progress Software Corp. (PRGS) earnings time is at Sep 30, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is PRGS EPS forecast?

PRGS EPS forecast for the fiscal quarter 2025 (Q3) is 1.3.

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