Progress Software Corporation

PRGSNASDAQTechnology● Active

$31.23

$-0.13(-0.41%)

Market Cap$1.3B

P/E Ratio—

52W High$65.5

52W Low$23.82

Avg Volume922K

Open$30.95

Beta0.83

Free Cash Flow Financials Revenue

Progress Software Corporation (PRGS) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

PRGS · free cash flow · updated Jun 8, 2026

Core FCF metrics

PRGS · FCF · TTM · margin & CAGR

Free cash flow was $229.5M for FY2025 (fiscal year ending 2025-11-30), up 11.2% year-over-year The FCF margin was 23.5%. Five-year CAGR stands at +10.7%.

FY2025 Free Cash Flow$229.5M▲ +11.2% YoY

Trailing 12M (TTM)$257.7Mtrailing 4 quarters sum

FCF Margin23.5%$229.5M ÷ revenue

3-Year CAGR+7.2%FY2022 → FY2025

5-Year CAGR+10.7%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

PRGS · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$235.2M(6M)$229.5M▲ +11.2%23.5%

FY2024$211.5M(5M)$206.3M▲ +22.5%27.4%

FY2023$173.9M(6M)$168.3M▼ 9.5%24.2%

FY2022$192.2M(6M)$186.1M▲ +7.0%30.9%

FY2021$178.5M(5M)$173.9M▲ +25.7%32.7%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

PRGS · P/FCF · FCF yield · FCF per share

Progress Software Corporation (PRGS) trades at a FCF yield of 19.61% and a price-to-free-cash-flow ratio of 5.2x. FCF per share stands at $5.99, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

19.61%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$5.99

TTM FCF ÷ Shares Outstanding

Price / FCF

x5.2

Share Price ÷ FCF per Share

EV / FCF (TTM)

x8.0

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-11-30

Cash flow statement summary

PRGS · cash flow statement · operating / investing / financing

For FY2025, Progress Software Corporation generated $235.2M in operating cash flow and spent 6M in capital expenditures, yielding $229.5M in free cash flow.

Operating Activities

+$235.2M

Cash from core business operations

2025-11-30

Investing Activities

−$26.9M

CapEx, acquisitions & investments

2025-11-30

Financing Activities

−$238.4M

Buybacks, dividends & debt

2025-11-30

FCF FormulaOperating CF ($235.2M) − |CapEx| (6M) = FCF ($229.5M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

PRGS vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Progress Software CorporationYOU

PRGS

$229.5M+11.2%23.5%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Progress Software Corporation (PRGS) reported free cash flow of $229.5M for FY2025 (fiscal year ending 2025-11-30), up 11.2% year-over-year. The FCF margin was 23.5%.

Based on available data, Progress Software Corporation has maintained positive free cash flow for at least 14 fiscal year(s). FCF peaked at $229.5M in FY2025. The 5-year CAGR stands at +10.7%.

Progress Software Corporation's FCF yield is 19.61% and price-to-FCF ratio is 5.2x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

PRGS free cash flow · 8 questions

Progress Software Corporation free cash flow was $229.5M for FY2025, up 11.2% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $257.7M.

PRGS free cash flowPRGS FCFPRGS FCF 2025PRGS free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Progress Software Corporation · Progress Software Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026