Filing Flows › Progress Software (PRGS) › Q4 FY25
Progress Software (PRGS) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Jan 20, 2026
Progress Software (PRGS) reported revenue of $253M for the fourth quarter fiscal 2025 (Q4 FY25), +18% from a year earlier and +1% from the quarter before. Operating margin was 15.2%, net earnings $25.7M (10.2% of revenue).
Progress Software, Q4 FY25: revenue $253M (+18% year over year), operating margin 15.2%, net earnings $25.7M, operating cash flow $62.8M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $253M | +1% | +18% |
| Gross profit | $206M | +2% | +16% |
| Operating profit | $38.4M | -13% | +78% |
| Net earnings | $25.7M | +33% | 22× |
| Operating cash flow | $62.8M | -14% | +220% |
| Free cash flow | $59.9M | -17% | +257% |
What changed
Revenue was $252.7M in Q4 FY25, up 18% year over year and up 1% from the previous quarter. Maintenance, SaaS, and professional services was the largest line at 74% of revenue.
Gross margin was 81.6%, down 1.4 points from Q4 FY24. Operating profit was $38.4M, a 15.2% margin (up 5.2 points year over year). Of the extra revenue versus Q4 FY24, 45% reached operating profit, above the 10% margin then. Operating expenses grew 7% against revenue growth of 18%. The fastest-growing cost line was Sales & marketing (+15%). Net earnings were $25.7M, up 2145% year over year. The effective tax rate was -15.7%.
Operating cash flow was $62.8M (up 220% year over year), 244% of net earnings. Non-cash charges added back $37.0M of depreciation and amortization and $17.4M of share-based compensation. Working capital and other items used $17.3M. Capital expenditures of $2.9M left free cash flow of $59.9M.
Questions
What was Progress Software's revenue in the fourth quarter fiscal 2025?
Progress Software (PRGS) reported revenue of $253M for the fourth quarter fiscal 2025 (Q4 FY25), +18% from a year earlier and +1% from the quarter before.
Was Progress Software profitable in the fourth quarter fiscal 2025?
Operating profit was $38.4M (15.2% of revenue) and net earnings $25.7M.
Source: Progress Software 10-K on SEC EDGAR.