Progress Software Corporation (PRGS) SEC Filings & Earnings Calls

Revenue decline of 2% YoY may indicate headwinds in license or services revenue.

“Revenue of $246 million decreased 2% year-over-year” · word for word

Integration risk from Domo acquisition.

“Acquisition of Domo ' s AI and Data Platform Business Closed” · word for word

MOVEit Vulnerability Litigation

“During the three and nine months ended August 31, 2026, we incurred net costs of approximately $3.5 million and $6.1 million, respectively, related to the MOVEit Vulnerability.” · word for word

High Leverage

“Total debt $1,232,635.” · word for word

Integration Risk from Domo Acquisition

“On July 22, 2026, we entered into an agreement to acquire substantially all of the assets and assume certain liabilities of Domo, Inc., including its AI and data products platform, for approximately $400 million.”

Integration risk; acquisition funded with debt increasing leverage; potential for customer or employee attrition.

“Uncertainties as to the effects of disruption from the acquisition of Domo making it more difficult to maintain relationships with employees, licensees, other business partners or governmental entities.” · word for word

Integration risk and regulatory approval risk for the acquisition.

“Transaction subject to regulatory approvals and customary closing conditions.”

MOVEit litigation and insurance exhaustion

“As of May 31, 2026, we have approximately $1.1 million of remaining cybersecurity insurance coverage under the applicable policy.” · word for word

High leverage from convertible notes and revolver

“Total debt $1,292,147k; interest expense $15,911k in Q2.”

Net retention rate at 100% indicates limited expansion within existing customer base.

“our net retention rate was 100%.” · word for word

Currency translation risk with expected positive impact of $8.8M on FY revenue and $0.11 on EPS.

“expected positive currency translation impact on our ... Fiscal year 2026 business outlook ... approximately $8.8 million on revenue ... $0.11 on EPS.” · word for word

MOVEit Litigation and Regulatory Exposure

“We are party to certain class action lawsuits...the MDL remains in a relatively early stage and is not expected to conclude within the next twelve months.” · word for word

High Leverage and Debt Maturity

“Total debt $1,341,387 thousand as of February 28, 2026, including $360M convertible notes due 2026 and $450M due 2030.”

Cybersecurity Insurance Exhaustion

“As of February 28, 2026, we have approximately $3.5 million of remaining cybersecurity insurance coverage under the applicable policy.” · word for word

Maintenance, SaaS, and professional services revenue flat YoY suggests potential deceleration in recurring revenue growth.

“Maintenance, SaaS, and professional services $180,218 thousand flat year-over-year.”

Equity Dilution from Share Requests

“Requesting 2,000,000 additional shares for 2008 Plan and 900,000 for ESPP, which could lead to dilution of approximately 4.75% and 2.1% respectively.”

M&A Integration Risk

“A key element of our corporate strategy includes the acquisition of businesses...M&A experience enhances understanding of the complexities, issues, and risks involved with any such acquisitions and their integration.” · word for word

MOVEit vulnerability litigation risk

“As a result of the MOVEit Vulnerability, we are party to certain class action lawsuits... the MDL has also consolidated the insurance subrogation complaint” · word for word

Revenue concentration risk

“OpenEdge product set, as well as SaaS revenue attributable to our ShareFile product set, which in fiscal year 2025 together accounted for slightly more than half of our aggregate revenue on a consolidated basis.” · word for word

AI integration risk

“Our AI efforts may not be successful and our competitors or other third parties may incorporate AI into their offerings more successfully and efficiently than we do” · word for word

Foreign exchange risk

“Approximately 36% of our total fiscal 2025 revenue was generated from sales outside North America.” · word for word

Days sales outstanding increased to 73 days from 67 days

“Days sales outstanding was 73 days compared to 67 days in Q4 2024.” · word for word

Currency translation impact on guidance

“Expected positive currency translation impact of approximately $6.7 million on revenue.”