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Workiva vs Progress Software: WK and PRGS compared
Workiva is the larger company: $263M of revenue in its latest quarter (Q3 2026) against $246M for Progress Software (Q3 FY26). Workiva is growing faster (+17% against -2% a year earlier). Progress Software is more profitable, with an operating margin of 18.9% against 6.8%.
Where the money goes: WK and PRGS
Workiva (WK) · Q3 2026
Workiva, Q3 2026: revenue $263M (+17% year over year), operating margin 6.8%, net earnings $19.1M, operating cash flow $69.5M. The chart follows the revenue to costs, profit and cash.
Progress Software (PRGS) · Q3 FY26
Progress Software, Q3 FY26: revenue $246M (-2% year over year), operating margin 18.9%, net earnings $22.8M, operating cash flow $88.0M. The chart follows the revenue to costs, profit and cash.
| Workiva (WK) | Progress Software (PRGS) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 FY26 |
| Revenue | $263M | $246M |
| Revenue growth, Y/Y | +17% | -2% |
| Gross margin | 81.1% | 82.7% |
| Operating margin | 6.8% | 18.9% |
| Net earnings | $19.1M | $22.8M |
| Net margin | 7.3% | 9.3% |
| Operating cash flow | $69.5M | $88.0M |
| Free cash flow | $68.7M | $86.3M |
| Market value | $4.3B | $1.6B |
| P/E | 92.3× | 18.0× |
| Analysts’ mean target | $89.80 | $56.20 |
Where the revenue comes from
Workiva
- Subscription and support: $246M (94%)
- Professional services: $16.8M (6%)
Progress Software
- Maintenance, SaaS, and professional services: $182M (74%)
- Software licenses: $63.6M (26%)
Questions
Which is bigger, Workiva or Progress Software?
Workiva is the larger company: $263M of revenue in its latest quarter (Q3 2026) against $246M for Progress Software (Q3 FY26).
Is Workiva or Progress Software growing faster?
Workiva is growing faster (+17% against -2% a year earlier).
Which is more profitable, Workiva or Progress Software?
Progress Software is more profitable, with an operating margin of 18.9% against 6.8%.
More: Workiva earnings · how Workiva makes money · Progress Software earnings · how Progress Software makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Sep 30, 2026). Fiscal quarters can end on different dates. Not investment advice.