Progress Software Corporation
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $977.8M | $753.4M | $694.4M | $602.0M | $531.3M | $442.2M | $413.3M | $379.0M |
| Cost of Revenue | $187.6M | $130.5M | $126.6M | $94.5M | $78.4M | $62.1M | $75.2M | $67.0M |
| Gross Profit | $790.3M | $622.9M | $567.9M | $507.5M | $452.9M | $380.0M | $338.1M | $312.0M |
| Gross Margin | 80.8% | 82.7% | 81.8% | 84.3% | 85.2% | 86.0% | 81.8% | 82.3% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $108.2M | $89.5M | $83.2M | $77.9M | $65.1M | $54.0M | $53.4M | $49.1M |
| Operating Income | $153.3M | $124.0M | $110.5M | $132.1M | $116.1M | $107.7M | $40.1M | $67.8M |
| Operating Margin | 15.7% | 16.5% | 15.9% | 21.9% | 21.9% | 24.4% | 9.7% | 17.9% |
| Interest Expense | — | — | $30.8M | $15.8M | $20.0M | $10.2M | $9.9M | $5.1M |
| Pretax Income | $81.6M | $94.3M | $79.7M | $117.3M | $95.5M | $96.6M | $28.5M | $60.8M |
| Income Tax Expense | $8.5M | $25.8M | $9.5M | $22.2M | $17.1M | $16.9M | $2.1M | $11.1M |
| Net Income | $73.1M | $68.4M | $70.2M | $95.1M | $78.4M | $79.7M | $26.4M | $49.7M |
| Net Margin | 7.5% | 9.1% | 10.1% | 15.8% | 14.8% | 18.0% | 6.4% | 13.1% |
| EPS (Basic) | $1.70 | $1.58 | $1.62 | $2.19 | $1.79 | $1.78 | $0.59 | $1.09 |
| EPS (Diluted) | $1.66 | $1.54 | $1.57 | $2.15 | $1.76 | $1.76 | $0.58 | $1.08 |
| Shares Outstanding (Basic) | 43.0M | 43.3M | 43.5M | 43.5M | 43.9M | 44.9M | 44.8M | 45.6M |
| Shares Outstanding (Diluted) | 44.0M | 44.4M | 44.7M | 44.2M | 44.6M | 45.3M | 45.3M | 46.1M |
| Dividends Per Share | $0.00 | $0.53 | $0.70 | $0.70 | $0.70 | $0.67 | $0.63 | $0.58 |