Credit and interest ratesmixed · 6 filings
“Borrowings under our revolving credit facility are recorded at carrying value, which approximates fair value due to the frequent nature of such borrowings and repayments.”10-Q · Sep 30, 2026 ↗
Progress Software Corporation
PRGS
Market read
No connected market move is active around Progress Software Corporation.
No new filing conclusion is available. 0 of 0 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.
P/E23.8xlatest annual facts
Revenue YoY+29.8%2025-11-30
Operating margin15.7%-0.8 pts YoY
Company+1.2% todayVolume comparison unavailable
Market groupNo active group readNo durable group available
Disclosed network0 of 0 confirmingRelationship data unavailable
What would change this read
Watch this read- Interest expense declined as the company carried a lower average revolving-credit balance and paid a lower average rate.
- Product development expense decreased in the latest three-month comparison because of lower headcount-related costs.
Invalidation: The isolated read changes if PRGS's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 0 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- Interest expense declined as the company carried a lower average revolving-credit balance and paid a lower average rate.
- Product development expense decreased in the latest three-month comparison because of lower headcount-related costs.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations335
Usable filing statements123
Verified relationships1
Evidence supporting the case
- Latest annual revenue changed +29.8% year over year.
- Operating cash flow covered net income at 3.22x in the latest annual period.
- Credit and interest rates has repeated favorable evidence across 6 filings.
Evidence challenging the case
- Net margin changed -1.6 percentage points in the latest annual period.
Questions before a position
- P/E is 98% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Oct 2, 2026
36.996m+18.3%12m-11.8%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-11-30$531.3M+20.2%$1.76-1.5%
2022-11-30$602.0M+13.3%$2.15-0.8%
2023-11-30$694.4M+15.4%$1.57+0.9%
2024-11-30$753.4M+8.5%$1.54-0.5%
2025-11-30$977.8M+29.8%$1.66-0.9%
What management says matters
Persistent and emerging business drivers
Foreign exchangepositive · 4 filings
“Total revenue increased in the first nine months of fiscal year 2026 due to increases in license sales as well as a positive impact from foreign currency exchange, while maintenance, SaaS, and professional services were essentially unchanged from prior period…”10-Q · Sep 30, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 1.7× · EV/sales 2.6×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
36.99+1.2% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 2 Oct, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for PRGS. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for PRGS. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind PRGS
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
PRGS is currently a Follower in the organic co-movement group Unknown Theme. This group is discovered from market behaviour rather than assigned from an industry taxonomy. No verified filing-linked names are available yet.
This group is retained as the last observed read for PRGS; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.