PRGS
TechnologyProgress Software Corporation · Software - Application · $1B
What is Progress Software Corporation?
Progress Software Corporation builds and manages enterprise software tools used by businesses worldwide to develop applications, automate workflows, and secure data transfers. The company has operated from Burlington, Massachusetts since its founding in 1991.
Progress Software generates revenue by licensing its portfolio of developer tools, infrastructure automation software, and data connectivity solutions to enterprises. Customers pay for platforms that handle everything from application development and network monitoring to secure file transfer and load balancing — often under multi-year subscription arrangements.
Progress Software was founded in 1991 and is headquartered in Burlington, US.
- OpenEdge application development platform
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- Chef infrastructure automation
- WhatsUp Gold network monitoring
Is PRGS a Good Stock to Buy?
UQS Score rates PRGS as Below Average overall.
Valuation stands out as the brightest spot in the profile, rated Attractive — meaning the stock may be priced modestly relative to its fundamentals. Quality comes in at a Neutral level, suggesting the business is operationally stable even if not exceptional.
Moat, Growth, and Risk all carry Weak ratings, pointing to limited competitive differentiation, sluggish expansion prospects, and meaningful balance-sheet or operational risks.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does PRGS pay dividends?
Yes — Progress Software Corporation pays a dividend.
Progress Software pays a regular dividend, which is relatively uncommon among small-cap software companies. This signals management's confidence in generating steady cash flow, though investors should weigh the payout against the company's Weak Growth and Risk ratings before relying on it as a primary income source.
When does PRGS report earnings?
Progress Software reports earnings on a quarterly cadence, typical for US-listed equities.
The company's Neutral Quality rating suggests results have been broadly stable, without dramatic swings in profitability. However, Weak Growth signals that top-line expansion has been limited, which may weigh on investor sentiment around each reporting cycle.
For the most recent quarter's results, visit Progress Software's investor relations page directly.
PRGS Price History
-29.5% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Progress Software Corporation?
Based on Progress Software Corporation's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
Frequently Asked Questions
What does Progress Software do?
Progress Software develops enterprise software covering application development, secure file transfer, infrastructure automation, and network monitoring. Its products serve businesses that need reliable, multi-platform tools to build and manage critical workflows.
Does PRGS pay dividends?
Yes, Progress Software pays a regular dividend. This is notable for a small-cap software company and reflects a degree of cash-flow stability, though the Weak Risk rating means investors should review the sustainability of the payout carefully.
When does PRGS report earnings?
Progress Software follows a standard quarterly earnings cadence. For confirmed dates and the latest results, check the investor relations section of the company's official website.
Is PRGS a good stock to buy?
UQS Score rates PRGS as Below Average. The Attractive Valuation rating is a positive signal, but Weak scores across Moat, Growth, and Risk temper the overall picture. The complete pillar breakdown is available to Pro members on UQS Score.
Is PRGS overvalued?
Based on the UQS Valuation pillar, PRGS is rated Attractive, suggesting the stock is not obviously overpriced relative to its fundamentals. That said, valuation alone does not determine investment quality — see the full analysis on UQS Score.
What is PRGS's market cap bracket?
Progress Software is classified as a small-cap company. Small-cap stocks can offer growth potential but often carry higher volatility and liquidity risk compared to large- or mega-cap peers.
Is PRGS a long-term quality indicator?
As a long-term quality indicator, PRGS scores Below Average on the UQS composite. The Weak Moat and Growth ratings suggest limited durable competitive advantages and modest expansion prospects — factors that matter most over a multi-year holding horizon.
What sector does PRGS belong to?
Progress Software operates in the Technology sector, specifically within enterprise software. It competes for IT budgets alongside a wide range of application development, automation, and infrastructure management vendors.
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Pro Analysis
PRGS — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 44.5 | 50.9 | 35.0 | 37.7 | 5.5 | 97.9 | -0.1 |
| May 19, 2026 | 44.6 | 50.9 | 35.0 | 37.7 | 5.5 | 98.2 | 0.0 |
| May 14, 2026 | 44.6 | 50.9 | 35.0 | 37.7 | 5.5 | 98.4 | +4.6 |
| May 10, 2026 | 40.0 | 11.6 | 35.0 | 37.7 | 38.8 | 100.0 | -4.4 |
| May 9, 2026 | 44.4 | 50.9 | 35.0 | 37.7 | 5.5 | 97.4 | +4.4 |
| May 8, 2026 | 40.0 | 11.6 | 35.0 | 37.7 | 38.8 | 100.0 | -4.1 |
| Apr 26, 2026 | 44.1 | 50.7 | 35.0 | 37.7 | 6.3 | 94.6 | 0.0 |
| Apr 19, 2026 | 44.1 | 50.7 | 35.0 | 37.7 | 6.3 | 94.9 | 0.0 |
| Apr 18, 2026 | 44.1 | 50.7 | 35.0 | 37.7 | 6.3 | 94.8 | -0.8 |
| Apr 9, 2026 | 44.9 | 50.7 | 35.0 | 37.7 | 6.3 | 100.0 | -0.2 |
PRGS — Pillar Breakdown
Quality
— 50.9/100 (25%)Progress Software Corporation has average quality metrics, with room for improvement in margins or capital efficiency.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 37.7/100 (20%)Progress Software Corporation shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 5.5/100 (15%)Progress Software Corporation presents elevated risk with concerns around leverage or financial stability.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 97.9/100 (15%)Progress Software Corporation appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 35/100 (25%)Progress Software Corporation possesses some competitive advantages but faces meaningful competition. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for PRGS.
Score Composition
Financial Data
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How is the PRGS UQS Score Calculated?
The UQS (Unified Quality Score) for Progress Software Corporation is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Progress Software Corporation's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Progress Software Corporation is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.