{
  "url": "https://struct.news/briefs/progress-software-sold-less-but-cash-flow-surged-on-collections",
  "title": "Progress Software sold less, but cash flow surged on collections",
  "summary": "Operating cash flow rose 54% to $265.5 million across nine months even as revenue fell 1.5%, leaving renewal timing and collections to explain the gap.",
  "published_at": "2026-09-30T20:14:34.165110+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "Progress Software Corporation",
    "ticker": "PRGS",
    "cik": "876167",
    "sector": "Technology",
    "industry": "Software - Infrastructure"
  },
  "source_filing": {
    "form": "10-Q",
    "filed": "2026-09-30",
    "accession": "0000876167-26-000111",
    "url": "https://www.sec.gov/Archives/edgar/data/876167/000087616726000111/prgs-20260831.htm"
  },
  "comparison_filing": {
    "form": "10-Q",
    "filed": "2025-09-29",
    "url": "https://www.sec.gov/Archives/edgar/data/876167/000087616725000143/prgs-20250831.htm"
  },
  "reported_figures": [
    {
      "group": "The filing in three numbers",
      "label": "Revenue",
      "value": 977831000,
      "display": "$977.8M",
      "unit": "usd",
      "period": "2025-11-30",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-Q",
        "accession": "0000876167-26-000111",
        "filing_date": "2026-09-30"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Revenue YoY",
      "value": 29.787539039220402,
      "display": "+29.8%",
      "unit": "percent",
      "period": "2025-11-30",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0000876167-26-000111",
        "filing_date": "2026-09-30"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Operating margin",
      "value": 15.676533061439041,
      "display": "+15.7%",
      "unit": "percent",
      "period": "2025-11-30",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0000876167-26-000111",
        "filing_date": "2026-09-30"
      }
    }
  ],
  "watch_next": [
    {
      "type": "interest_rates",
      "statement": "Interest expense declined as the company carried a lower average revolving-credit balance and paid a lower average rate.",
      "importance": "medium",
      "evidence": "Total other expense, net, decreased in the third quarter and first nine months of fiscal year 2026 due to a lower weighted average balance and interest rate on our revolving line of credit as compared to the same periods last year.",
      "source_date": "2026-09-30"
    },
    {
      "type": "labor_costs",
      "statement": "Product development expense decreased in the latest three-month comparison because of lower headcount-related costs.",
      "importance": "medium",
      "evidence": "Product development expenses decreased in the third quarter of fiscal year 2026 primarily due to decreased headcount related costs.",
      "source_date": "2026-09-30"
    }
  ],
  "related_tickers": [
    "PRGS"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}