PRGS Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03

Price $36.90

Market Cap (MRQ) $1.51B

P/E (TTM) 17.0

EPS (TTM) $2.17

Revenue (TTM) $1000M

Div Yield 0.05%

ROE (TTM) 18.3%

Debt/Equity (MRQ) 2.3

52W Range $24–$47

PRGS Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

04

range

bars

Bar granularity adapts to the selected period — hover the chart to see open/high/low/close for a bar.

Stock splits 4

Ex-date	Split	Type
Jan. 31, 2011	3-for-2	Forward
Jan. 24, 2000	2-for-1	Forward
July 14, 1998	3-for-2	Forward
Nov. 28, 1995	2-for-1	Forward

10-Year Performance Revenue, net income, margins and EPS trends

06

Revenue$978M

2016-11-30 → 2025-11-30

EPS$1.66

2016-11-30 → 2025-11-30

Free Cash Flow$229M

2018-11-30 → 2025-11-30

Net margin9.2%

2018-11-30 → 2025-11-30

Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric	PRGS	5Y avg	Peer Median	Verdict
P/E (TTM)	17.05Y avg ≈31.2	≈31.2	21.3	Fair value
P/S (TTM)	1.55Y avg ≈3.2	≈3.2	2.1	Undervalued
P/B (MRQ)	2.95Y avg ≈5.3	≈5.3	5.4	Undervalued
EV / EBITDA	17.75Y avg ≈21.4	≈21.4	18.4	Fair value
Price / FCF (TTM)	4.75Y avg ≈12.1	≈12.1	·	·
Price / Cash Flow (TTM)	4.65Y avg ≈11.8	≈11.8	13.4	Undervalued
EV / Revenue	2.95Y avg ≈3.9	≈3.9	·	·
EV / FCF	12.35Y avg ≈14.8	≈14.8	·	·
Price / Tangible Book (MRQ)	29.9	·	·	·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric	PRGS	5Y avg	Peer Median	Verdict
Gross Margin (TTM)	82.2%5Y avg ≈82.4%	≈82.4%	73.6%	Top tier
Operating Margin (TTM)	17.7%5Y avg ≈17.5%	≈17.5%	11.8%	Top tier
EBITDA Margin	16.3%5Y avg ≈18.3%	≈18.3%	11.8%	Top tier
Pretax Margin (TTM)	11.1%5Y avg ≈13.0%	≈13.0%	11.7%	In line
Net Profit Margin (TTM)	9.2%5Y avg ≈10.6%	≈10.6%	10.2%	In line
ROA (TTM)	3.9%5Y avg ≈4.4%	≈4.4%	5.2%	Below avg
ROE (TTM)	18.3%5Y avg ≈18.0%	≈18.0%	22.8%	Weak
ROIC	7.3%5Y avg ≈11.6%	≈11.6%	16.6%	Weak

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric	PRGS	5Y avg	Peer Median	Verdict
Debt / Equity (MRQ)	2.35Y avg ≈1.5	≈1.5	0.5	High debt
Current Ratio (MRQ)	0.85Y avg ≈0.9	≈0.9	1.3	Low liquidity
Quick Ratio	0.45Y avg ≈0.7	≈0.7	0.9	Low liquidity
Long-Term Debt / Equity (MRQ)	2.35Y avg ≈1.8	≈1.8	0.3	High debt

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric	PRGS	5Y avg	Peer Median	Verdict
Revenue YoY	29.8%5Y avg ≈17.4%	≈17.4%	·	·
Revenue CAGR 3Y	17.5%5Y avg ≈15.4%	≈15.4%	·	·
Revenue CAGR 5Y	17.2%	·	·	·
EPS YoY	7.8%5Y avg ≈0.21%	≈0.21%	·	·
Net Income YoY	6.9%5Y avg ≈-0.44%	≈-0.44%	·	·
EPS CAGR 3Y	-8.3%5Y avg ≈-5.5%	≈-5.5%	·	·
EPS CAGR 5Y	-1.2%	·	·	·
Net Income CAGR 3Y	-8.4%5Y avg ≈-5.7%	≈-5.7%	·	·
Net Income CAGR 5Y	-1.7%	·	·	·

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric	PRGS	5Y avg	Peer Median	Verdict
EPS (Diluted)	$1.665Y avg ≈$1.74	≈$1.74	·	·
Revenue / Share	$22.215Y avg ≈$17.08	≈$17.08	·	·
Cash Flow / Share	$5.345Y avg ≈$4.59	≈$4.59	·	·
Cash / Share	$2.245Y avg ≈$3.45	≈$3.45	·	·

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric	PRGS	5Y avg	Peer Median	Verdict
Asset Turnover	0.45Y avg ≈0.4	≈0.4	0.5	Weak
Receivables Turnover	5.45Y avg ≈5.7	≈5.7	4.4	Top tier
Revenue / Employee	≈$349.1K	·	·	·

value · ≈ 5Y avg · industry median · verdict relative to median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

13

Dividend Yield0.05%

Payout Ratio1.1%

Annualized Payout≈$0.70Paid quarterly

Ex-date	Amount	Currency	Yield
Aug 30, 2024	$0.18	USD	≈1.2%
Jun 3, 2024	$0.18	USD	≈1.4%
Feb 29, 2024	$0.18	USD	≈1.3%
Nov 30, 2023	$0.18	USD	≈1.3%
Aug 31, 2023	$0.18	USD	≈1.2%
May 31, 2023	$0.18	USD	≈1.2%
Feb 28, 2023	$0.18	USD	≈1.2%
Nov 30, 2022	$0.18	USD	≈1.3%
Aug 31, 2022	$0.18	USD	≈1.5%
May 31, 2022	$0.18	USD	≈1.4%
Feb 28, 2022	$0.18	USD	≈1.6%
Nov 30, 2021	$0.18	USD	≈1.4%
Aug 31, 2021	$0.18	USD	≈1.5%
May 28, 2021	$0.18	USD	≈1.5%
Feb 26, 2021	$0.18	USD	≈1.6%
Nov 30, 2020	$0.18	USD	≈1.7%
Aug 31, 2020	$0.17	USD	≈1.7%
May 29, 2020	$0.17	USD	≈1.6%
Feb 28, 2020	$0.17	USD	≈1.7%
Nov 29, 2019	$0.17	USD	≈1.5%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14

Avg Surprise 9.9%

Period	Report	EPS Actual	EPS Est	Surprise
Sept. 30, 2026	Sep 29, 2026	$1.69	$1.55	9.4%
June 30, 2026	Jun 30, 2026	$1.62	$1.52	6.6%
March 31, 2026		$1.60	$1.60	0.03%
Dec. 31, 2025		$1.51	$1.34	12.8%
Sept. 30, 2025		$1.50	$1.32	13.4%
June 30, 2025		$1.40	$1.33	5.4%
March 31, 2025		$1.31	$1.08	21.5%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15

Income Statement 16

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	$978M	$753M	$694M	$602M	$531M	$442M	$413M	$379M	$389M	$405M	$378M	$333M
Cost of Revenue	$188M	$130M	$127M	$94M	$78M	$62M	$75M	$67M	$69M	$66M	$64M	$34M
Gross Profit	$790M	$623M	$568M	$508M	$453M	$380M	$338M	$312M	$320M	$340M	$314M	$298M
SG&A Expense	$108M	$90M	$83M	$78M	$65M	$54M	$53M	$49M	$46M	$47M	$57M	$48M
Operating Expenses	$637M	$499M	$457M	$375M	$337M	$272M	$298M	$244M	$263M	$369M	$299M	$218M
Operating Income	$153M	$124M	$111M	$132M	$116M	$108M	$40M	$68M	$57M	$-30M	$15M	$81M
Interest Expense	·	·	$31M	$16M	$20M	$10M	$10M	$5M	$5M	$4M	$4M	$572.0K
Other Non-op	$2M	$5M	$3M	$1M	$777.0K	$1M	$1M	$1M	$921.0K	$839.0K	$1M	$83.0K
Pretax Income	$82M	$94M	$80M	$117M	$96M	$97M	$28M	$61M	$52M	$-35M	$12M	$78M
Income Tax	$8M	$26M	$9M	$22M	$17M	$17M	$2M	$11M	$23M	$20M	$21M	$28M
Net Income	$73M	$68M	$70M	$95M	$78M	$80M	$26M	$50M	$29M	$-56M	$-9M	$49M
EPS (Basic)	$1.70	$1.58	$1.62	$2.19	$1.79	$1.78	$0.59	$1.09	$0.60	$-1.13	$-0.17	$0.97
EPS (Diluted)	$1.66	$1.54	$1.57	$2.15	$1.76	$1.76	$0.58	$1.08	$0.60	$-1.13	$-0.17	$0.96
Shares (Basic)	42,996,000	43,268,000	43,456,000	43,475,000	43,916,000	44,886,000	44,791,000	45,561,000	48,129,000	49,481,000	50,391,000	50,840,000
Shares (Diluted)	44,019,000	44,427,000	44,658,000	44,247,000	44,620,000	45,321,000	45,340,000	46,135,000	48,516,000	49,481,000	50,391,000	51,466,000
EBITDA	$159M	$130M	$117M	$137M	·	·	·	$93M	·	·	·	$91M

Balance Sheet 27

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Cash & Equivalents	$95M	$118M	$127M	$256M	$155M	$98M	$154M	$105M	$133M	$133M	$212M	$263M
Short-term Investments	·	·	·	$0	$2M	$8M	$19M	$34M	$50M	$43M	$29M	$20M
Receivables	$196M	$164M	$126M	$98M	$100M	$84M	$73M	$60M	$61M	$66M	$66M	$68M
Inventory	·	·	·	$5M	$4M	$0	·	·	·	·	·	·
Other Current Assets	$63M	$52M	$48M	$43M	$40M	$24M	$27M	$25M	$19M	$21M	$16M	$24M
Current Assets	$400M	$369M	$331M	$426M	$338M	$239M	$285M	$232M	$263M	$336M	$323M	$376M
PP&E (Net)	$14M	$14M	$15M	$15M	$14M	$30M	$30M	$31M	$42M	$50M	$54M	$59M
PP&E (Gross)	$61M	$58M	$60M	$55M	$58M	$87M	$89M	$88M	$111M	$111M	$110M	$115M
Accum. Depreciation	$47M	$45M	$45M	$40M	$43M	$57M	$59M	$58M	$69M	$61M	$55M	$55M
Goodwill	$1.31B	$1.29B	$832M	$671M	$671M	$492M	$433M	$315M	$315M	$278M	$370M	$233M
Intangibles	$584M	$724M	$354M	$217M	$287M	$213M	$99M	$59M	$95M	$81M	$114M	$21M
Other Non-current Assets	$18M	$13M	$8M	$13M	$9M	$6M	$4M	$5M	$2M	$3M	$4M	$2M
Total Assets	$2.46B	$2.53B	$1.60B	$1.41B	$1.36B	$1.04B	$881M	$644M	$719M	$755M	$877M	$703M
Accounts Payable	$16M	$14M	$12M	$9M	$10M	$10M	$11M	$11M	$9M	$13M	$11M	$12M
Current Liabilities	$810M	$455M	$352M	$318M	$323M	$263M	$241M	$186M	$208M	$204M	$200M	$153M
Capital Leases	$21M	$26M	$13M	$15M	$23M	$27M	$0	·	·	·	·	·
Deferred Tax	$1M	$2M	$4M	$5M	$14M	$0	$3.0K	$6M	$3M	$4M	$7M	$0
Other Non-current Liabilities	$6M	$6M	$5M	$9M	$9M	$15M	$6M	$5M	$6M	$12M	$4M	$3M
Long-term Debt	$1.40B	$1.53B	$724M	$618M	$560M	$384M	$297M	$118M	$124M	$135M	$144M	$0
Total Debt	$1.40B	$0	$724M	$618M	·	·	·	$116M	·	·	·	·
Common Stock	$423.0K	$434.0K	$438.0K	$433.0K	$441.0K	$442.0K	$450.0K	$451.0K	$473.0K	$485.0K	$506.0K	$507.0K
Paid-in Capital	$384M	$354M	$371M	$332M	$354M	$306M	$296M	$267M	$249M	$239M	$227M	$209M
Retained Earnings	$127M	$120M	$121M	$102M	$90M	$73M	$64M	$85M	$145M	$196M	$319M	$347M
AOCI	$-33M	$-36M	$-32M	$-35M	$-32M	$-33M	$-30M	$-28M	$-19M	$-29M	$-25M	$-14M
Stockholders' Equity	$478M	$439M	$460M	$399M	$412M	$346M	$330M	$324M	$404M	$443M	$522M	$543M
Liabilities + Equity	$2.46B	$2.53B	$1.60B	$1.41B	$1.36B	$1.04B	$881M	$644M	$719M	$755M	$877M	$703M
Shares Outstanding	42,335,700	43,361,000	43,796,000	43,257,000	44,146,000	44,241,000	45,037,000	45,115,000	47,281,000	48,537,000	50,580,000	50,677,000

Cash Flow 19

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
D&A	$6M	$6M	$6M	$5M	$6M	$6M	$8M	$7M	$8M	$8M	$9M	$10M
Stock-based Comp	$65M	$47M	$41M	$37M	$30M	$23M	$23M	$21M	$14M	$23M	$24M	$25M
Deferred Tax	$-23M	$-8M	$-29M	$-8M	$-908.0K	$-3M	$-15M	$-2M	$-4M	$1M	$-2M	$15M
Amort. of Intangibles	$146M	$94M	$97M	$69M	$47M	$28M	$48M	$36M	$33M	$28M	$30M	$4M
Restructuring	$13M	$10M	$8M	$879.0K	$6M	$6M	$6M	$2M	$22M	$2M	$13M	$2M
Other Non-cash	$115M	$98M	$86M	$63M	·	·	·	$28M	·	·	·	$9M
Operating Cash Flow	$235M	$211M	$174M	$192M	$179M	$145M	$128M	$121M	$106M	$103M	$105M	$108M
CapEx	$6M	$5M	$6M	$6M	$5M	$7M	$4M	$7M	$3M	$6M	$7M	$8M
Investing Cash Flow	$-27M	$-858M	$-360M	$22M	$-250M	$-207M	$-208M	$8M	$-88M	$-21M	$-260M	$5M
Debt Issued	$0	$730M	$195M	$7M	$0	$98M	$185M	$0	$0	$0	$150M	$0
Net Debt Issued	$0	$469M	$188M	$602.0K	·	·	·	$-6M	·	·	·	$0
Stock Repurchased	$105M	$87M	$34M	$77M	$35M	$60M	$25M	$120M	$74M	$79M	$33M	$53M
Net Stock Activity	$-105M	$-87M	$-34M	$-77M	·	·	·	$-120M	·	·	·	$-53M
Dividends Paid	$786.0K	$31M	$32M	$31M	$32M	$30M	$28M	$26M	$24M	$0	$0	·
Financing Cash Flow	$-238M	$641M	$51M	$-101M	$132M	$3M	$130M	$-147M	$-103M	$-82M	$118M	$-42M
Net Change in Cash	$-23M	$-9M	$-129M	$101M	$57M	$-56M	$49M	$-28M	$-74M	$-5M	$-51M	$64M
Taxes Paid	$34M	$32M	$40M	$29M	$26M	$16M	$16M	$25M	$26M	$22M	$17M	$7M
Free Cash Flow	$229M	$206M	$168M	$186M	·	·	·	$114M	·	·	·	$100M
Levered FCF	·	·	$141M	$173M	·	·	·	$110M	·	·	·	·

Profitability 8

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Gross Margin	80.8%	82.7%	81.8%	84.3%	·	·	·	83.1%	·	·	·	89.7%
Operating Margin	15.7%	16.5%	15.9%	21.9%	·	·	·	21.6%	·	·	·	24.3%
Net Margin	7.5%	9.1%	10.1%	15.8%	·	·	·	16.0%	·	·	·	14.9%
Pretax Margin	8.3%	12.5%	11.5%	19.5%	·	·	·	19.9%	·	·	·	23.4%
EBITDA Margin	16.3%	17.3%	16.8%	22.8%	·	·	·	23.4%	·	·	·	27.2%
ROA	2.9%	3.3%	4.7%	6.9%	·	·	·	9.3%	·	·	·	7.1%
ROE	15.7%	15.8%	15.5%	24.8%	·	·	·	19.6%	·	·	·	9.4%
ROIC	7.3%	20.5%	8.2%	10.5%	·	·	·	16.2%	·	·	·	9.4%

Liquidity & Solvency 5

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Current Ratio	0.5	0.8	0.9	1.3	·	·	·	1.2	·	·	·	2.5
Quick Ratio	0.4	0.6	0.7	1.1	·	·	·	1.0	·	·	·	2.3
Debt / Equity	2.9	0.0	1.6	1.6	·	·	·	0.4	·	·	·	·
LT Debt / Equity	2.2	·	1.5	1.5	·	·	·	0.4	·	·	·	·
Interest Coverage	·	·	3.6	8.4	·	·	·	16.7	·	·	·	·

Efficiency 3

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Asset Turnover	0.4	0.4	0.5	0.4	·	·	·	0.6	·	·	·	0.5
Inventory Turnover	·	·	·	22.0	·	·	·	·	·	·	·	·
Receivables Turnover	5.4	5.2	6.2	6.1	·	·	·	6.6	·	·	·	4.9

Per Share 7

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Book Value / Share	$11.30	$10.12	$10.50	$9.21	·	·	·	$6.87	·	·	·	$10.72
Revenue / Share	$22.21	$16.96	$15.55	$13.61	·	·	·	$8.61	·	·	·	$6.46
Cash Flow / Share	$5.34	$4.76	$3.89	$4.34	·	·	·	$2.63	·	·	·	$2.09
Cash / Share	$2.24	$2.72	$2.90	$5.92	·	·	·	$2.33	·	·	·	$5.19
Dividend / Share	$0.00	$0.53	$0.70	$0.70	$0.70	$0.67	$0.63	$0.57	$0.52	$0.12	$0.00	$0.00
Dividend Paid / Share	·	·	·	·	$0.12	·	·	·	·	·	·	·
EPS (TTM)	$1.66	$1.54	$1.57	$2.15	$1.76	$1.76	$0.58	$1.08	$0.60	$-1.13	$-0.17	$0.96

Growth Rates 10

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue YoY	29.8%	8.5%	15.3%	13.3%	20.2%	·	·	·	·	·	·	·
Revenue CAGR 3Y	17.5%	12.3%	16.2%	·	·	·	·	·	·	·	·	·
Revenue CAGR 5Y	17.2%	·	·	·	·	·	·	·	·	·	·	·
EPS YoY	7.8%	-1.9%	-27.0%	22.2%	0.00%	·	·	·	·	·	·	·
EPS CAGR 3Y	-8.3%	-4.3%	-3.7%	·	·	·	·	·	·	·	·	·
EPS CAGR 5Y	-1.2%	·	·	·	·	·	·	·	·	·	·	·
Net Income YoY	6.9%	-2.5%	-26.2%	21.2%	-1.6%	·	·	·	·	·	·	·
Net Income CAGR 3Y	-8.4%	-4.4%	-4.2%	·	·	·	·	·	·	·	·	·
Net Income CAGR 5Y	-1.7%	·	·	·	·	·	·	·	·	·	·	·
Dividends Paid CAGR 5Y	-51.7%	·	·	·	·	·	·	·	·	·	·	·

Valuation (TTM) 16

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue TTM	$978M	$753M	$694M	$602M	$531M	$442M	$413M	$379M	$389M	$405M	$378M	$333M
Net Income TTM	$73M	$68M	$70M	$95M	$78M	$80M	$26M	$50M	$29M	$-56M	$-9M	$49M
Market Cap	$1.75B	$2.97B	$2.36B	$2.31B	·	·	·	$1.59B	·	·	·	$1.31B
Enterprise Value	$3.06B	$2.85B	$2.96B	$2.67B	·	·	·	$1.56B	·	·	·	·
P/E	24.9	44.4	34.3	24.8	27.5	22.8	72.4	32.6	68.9	-26.2	-141.1	26.9
P/S	1.8	3.9	3.4	3.8	·	·	·	4.2	·	·	·	3.9
P/B	3.7	6.8	5.1	5.8	·	·	·	5.1	·	·	·	2.4
P / Cash Flow	7.5	14.0	13.6	12.0	·	·	·	13.1	·	·	·	12.1
P / FCF	7.6	14.4	14.0	12.4	·	·	·	13.9	·	·	·	13.1
EV / EBITDA	19.2	21.8	25.3	19.5	·	·	·	16.8	·	·	·	·
EV / FCF	13.3	13.8	17.6	14.3	·	·	·	13.7	·	·	·	·
EV / Revenue	3.1	3.8	4.3	4.4	·	·	·	4.1	·	·	·	·
Dividend Yield	0.04%	1.1%	1.3%	1.4%	·	·	·	1.6%	·	·	·	·
Earnings Yield	4.0%	2.2%	2.9%	4.0%	3.6%	4.4%	1.4%	3.1%	1.5%	-3.8%	-0.71%	3.7%
Payout Ratio	1.1%	46.0%	45.0%	32.7%	·	·	·	40.6%	·	·	·	·
Annual Payout	$786.0K	$31M	$32M	$31M	$32M	$30M	$28M	$26M	$24M	$0	$0	·

Income Statement 16

Metric	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Revenue	$246M	$253M	$248M	$253M	$250M	$237M	$238M	$215M	$179M	$175M	$185M	$177M	$175M	$178M	$164M	$157M
Cost of Revenue	$42M	$45M	$44M	$47M	$48M	$47M	$46M	$37M	$29M	$32M	$33M	$34M	$33M	$34M	$26M	$24M
Gross Profit	$204M	$209M	$204M	$206M	$202M	$190M	$192M	$178M	$150M	$143M	$152M	$143M	$142M	$144M	$138M	$134M
SG&A Expense	$27M	$32M	$27M	$29M	$28M	$26M	$26M	$26M	$21M	$22M	$21M	$22M	$21M	$21M	$19M	$22M
Operating Expenses	$157M	$163M	$157M	$168M	$158M	$151M	$159M	$157M	$109M	$116M	$117M	$121M	$113M	$121M	$102M	$103M
Operating Income	$47M	$45M	$46M	$38M	$44M	$39M	$32M	$22M	$40M	$27M	$35M	$23M	$29M	$23M	$36M	$30M
Interest Expense	·	·	·	·	·	·	·	·	·	·	$7M	·	$9M	$9M	$6M	·
Other Non-op	$757.0K	$233.0K	$317.0K	$718.0K	$260.0K	$294.0K	$487.0K	$1M	$2M	$928.0K	$624.0K	$643.0K	$788.0K	$592.0K	$515.0K	$423.0K
Pretax Income	$30M	$29M	$30M	$22M	$26M	$20M	$13M	$12M	$34M	$20M	$28M	$14M	$21M	$15M	$30M	$27M
Income Tax	$7M	$8M	$7M	$-3M	$7M	$3M	$2M	$11M	$6M	$4M	$5M	$-1M	$2M	$3M	$6M	$3M
Net Income	$23M	$21M	$23M	$26M	$19M	$17M	$11M	$1M	$28M	$16M	$23M	$15M	$19M	$12M	$24M	$24M
EPS (Basic)	$0.55	$0.50	$0.54	$0.60	$0.45	$0.40	$0.25	$0.03	$0.66	$0.37	$0.52	$0.35	$0.44	$0.28	$0.55	$0.55
EPS (Diluted)	$0.55	$0.50	$0.53	$0.59	$0.44	$0.39	$0.24	$0.01	$0.65	$0.37	$0.51	$0.35	$0.42	$0.27	$0.53	$0.53
Shares (Basic)	41,061,000	41,901,000	42,155,000	·	42,988,000	43,053,000	43,256,000	·	42,872,000	43,213,000	43,802,000	·	43,452,000	43,343,000	43,300,000	·
Shares (Diluted)	41,478,000	42,310,000	42,729,000	·	43,717,000	44,156,000	44,887,000	·	43,711,000	43,964,000	44,826,000	·	44,981,000	44,470,000	44,353,000	·
EBITDA	$47M	$45M	$46M	·	$44M	$39M	$32M	·	$40M	$27M	$35M	·	$29M	$23M	$36M	·

Balance Sheet 26

Metric	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Cash & Equivalents	$114M	$103M	$113M	$95M	$99M	$102M	$124M	$118M	$233M	$190M	$133M	·	$138M	$126M	$108M	·
Short-term Investments	·	·	·	·	·	·	·	·	·	·	·	·	·	·	$15M	·
Receivables	$119M	$125M	$148M	$196M	$151M	$140M	$126M	$164M	$88M	$82M	$89M	·	$100M	$87M	$93M	·
Other Current Assets	$47M	$57M	$69M	$63M	$49M	$49M	$55M	$52M	$33M	$37M	$46M	·	$33M	$35M	$43M	·
Current Assets	$330M	$337M	$370M	$400M	$336M	$326M	$341M	$369M	$389M	$343M	$297M	·	$303M	$281M	$293M	·
PP&E (Net)	$15M	$15M	$15M	$14M	$13M	$12M	$13M	$14M	$13M	$13M	$14M	·	$16M	$15M	$15M	·
PP&E (Gross)	·	·	·	$61M	·	·	·	$58M	·	·	·	·	·	·	·	·
Accum. Depreciation	·	·	·	$47M	·	·	·	$45M	·	·	·	·	·	·	·	·
Goodwill	$1.31B	$1.31B	$1.31B	$1.31B	$1.31B	$1.29B	$1.29B	$1.29B	$833M	$833M	$833M	$832M	$826M	$826M	$812M	$671M
Intangibles	$479M	$515M	$550M	$584M	$619M	$651M	$686M	$724M	$285M	$305M	$328M	·	$379M	$405M	$441M	·
Other Non-current Assets	$15M	$16M	$17M	$18M	$17M	$12M	$12M	$13M	$13M	$14M	$7M	·	$8M	$9M	$12M	·
Total Assets	$2.30B	$2.35B	$2.39B	$2.46B	$2.42B	$2.41B	$2.46B	$2.53B	$1.62B	$1.59B	$1.55B	·	$1.60B	$1.60B	$1.64B	·
Accounts Payable	$10M	$11M	$14M	$16M	$13M	$9M	$15M	$14M	$11M	$9M	$10M	·	$9M	$7M	$10M	·
Current Liabilities	$415M	$416M	$788M	$810M	$770M	$750M	$429M	$455M	$315M	$307M	$312M	·	$325M	$323M	$337M	·
Capital Leases	$25M	$26M	$25M	$21M	$23M	$23M	$24M	$26M	$9M	$10M	$11M	·	$15M	$18M	$17M	·
Deferred Tax	$1M	$1M	$1M	$1M	$3M	$2M	$2M	$2M	$4M	$4M	$4M	·	$4M	$5M	$6M	·
Other Non-current Liabilities	$5M	$5M	$6M	$6M	$6M	$5M	$7M	$6M	$4M	$5M	$4M	·	$5M	$5M	$9M	·
Long-term Debt	$1.23B	$1.29B	$1.34B	$1.40B	$1.42B	$1.46B	$1.51B	$1.53B	·	·	·	·	$755M	$786M	$812M	·
Total Debt	$1.23B	$1.29B	$1.34B	·	$1.06B	$1.10B	·	·	$0	$0	$0	·	$755M	$786M	$812M	·
Common Stock	$410.0K	$413.0K	$421.0K	$423.0K	$429.0K	$431.0K	$430.0K	$434.0K	$429.0K	$431.0K	$437.0K	·	$438.0K	$436.0K	$433.0K	·
Paid-in Capital	$432M	$416M	$398M	$384M	$372M	$362M	$353M	$354M	$339M	$330M	$372M	·	$361M	$347M	$338M	·
Retained Earnings	$133M	$124M	$133M	$127M	$138M	$123M	$116M	$120M	$119M	$106M	$123M	·	$115M	$104M	$108M	·
AOCI	$-36M	$-34M	$-33M	$-33M	$-32M	$-33M	$-38M	$-36M	$-33M	$-35M	$-34M	·	$-32M	$-33M	$-34M	·
Stockholders' Equity	$530M	$506M	$499M	$478M	$478M	$453M	$432M	$439M	$426M	$402M	$462M	$460M	$445M	$419M	$413M	$399M
Liabilities + Equity	$2.30B	$2.35B	$2.39B	$2.46B	$2.42B	$2.41B	$2.46B	$2.53B	$1.62B	$1.59B	$1.55B	·	$1.60B	$1.60B	$1.64B	·
Shares Outstanding	40,952,367	41,311,679	42,074,590	42,335,700	42,905,397	43,100,936	43,021,707	43,360,695	42,899,041	43,062,914	43,689,037	43,796,000	43,565,346	43,357,557	43,307,145	43,257,000

Cash Flow 16

Metric	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Stock-based Comp	$16M	$21M	$18M	$17M	$16M	$17M	$15M	$12M	$11M	$12M	$12M	$10M	$10M	$10M	$10M	$11M
Amort. of Intangibles	$35M	$35M	$34M	$36M	$37M	$37M	$36M	$26M	$20M	$24M	$25M	$26M	$26M	$26M	$20M	$17M
Restructuring	$146.0K	$1M	$706.0K	$4M	$907.0K	$1M	$7M	$7M	$308.0K	$651.0K	$2M	$2M	$843.0K	$4M	$1M	$95.0K
Operating Cash Flow	$88M	$79M	$99M	$63M	$73M	$30M	$69M	$20M	$58M	$64M	$71M	$33M	$46M	$48M	$47M	$40M
CapEx	$2M	$2M	$3M	$3M	$1M	$495.0K	$1M	$3M	$1M	$955.0K	$309.0K	$2M	$1M	$2M	$385.0K	$3M
Investing Cash Flow	$-2M	$-2M	$-3M	$-3M	$-21M	$-495.0K	$-2M	$-856M	$-1M	$-955.0K	$-309.0K	$-2M	$-366.0K	$13M	$-371M	$-2M
Debt Issued	·	·	·	·	·	·	·	$730M	$0	$0	$0	$0	$0	$0	$195M	$1.0K
Net Debt Issued	·	·	·	·	·	·	$0	·	·	·	$-3M	·	·	·	$193M	·
Stock Repurchased	$17M	$35M	$20M	$40M	$15M	$20M	$30M	$0	$14M	$50M	$22M	$4M	$0	$15M	$15M	$2M
Net Stock Activity	·	·	$-20M	·	·	·	$-30M	·	·	·	$-22M	·	·	·	$-15M	·
Dividends Paid	$5.0K	$159.0K	$204.0K	$132.0K	$0	$295.0K	$359.0K	$8M	$8M	$8M	$8M	$8M	$8M	$8M	$8M	$8M
Financing Cash Flow	$-74M	$-85M	$-79M	$-63M	$-58M	$-59M	$-59M	$726M	$-17M	$-5M	$-62M	$-42M	$-36M	$-46M	$175M	$-8M
Net Change in Cash	$11M	$-10M	$18M	$-4M	$-3M	$-22M	$6M	$-115M	$42M	$57M	$6M	$-11M	$12M	$18M	$-148M	$32M
Taxes Paid	$6M	$7M	$4M	$21M	$7M	$4M	$3M	$17M	$10M	$3M	$3M	$25M	$9M	$2M	$4M	$20M
Free Cash Flow	·	·	$96M	·	·	·	$68M	·	·	·	$70M	·	·	·	$46M	·
Levered FCF	·	·	·	·	·	·	·	·	·	·	$64M	·	·	·	$42M	·

Profitability 8

Metric	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Gross Margin	82.7%	82.3%	82.3%	·	81.0%	80.1%	80.6%	·	83.7%	81.7%	82.2%	·	81.2%	81.0%	84.0%	·
Operating Margin	18.9%	17.8%	18.8%	·	17.6%	16.3%	13.6%	·	22.6%	15.5%	18.9%	·	16.8%	12.9%	21.7%	·
Net Margin	9.3%	8.3%	9.2%	·	7.8%	7.2%	4.6%	·	15.9%	9.2%	12.3%	·	10.9%	6.8%	14.4%	·
Pretax Margin	12.0%	11.4%	12.2%	·	10.5%	8.4%	5.6%	·	19.2%	11.5%	14.9%	·	12.0%	8.2%	18.2%	·
EBITDA Margin	18.9%	17.8%	18.8%	·	17.6%	16.3%	13.6%	·	22.6%	15.5%	18.9%	·	16.8%	12.9%	21.7%	·
ROA	0.96%	0.89%	0.94%	·	0.96%	0.85%	0.55%	·	1.8%	1.0%	1.4%	·	1.3%	0.82%	1.6%	·
ROE	4.5%	4.4%	4.9%	·	4.3%	4.0%	2.5%	·	6.5%	4.0%	5.2%	·	4.7%	3.1%	6.1%	·
ROIC	2.0%	1.8%	1.9%	·	2.1%	2.1%	6.2%	·	7.9%	5.4%	6.2%	·	2.2%	1.6%	2.3%	·

Liquidity & Solvency 5

Metric	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Current Ratio	0.8	0.8	0.5	·	0.4	0.4	0.8	·	1.2	1.1	1.0	·	0.9	0.9	0.9	·
Quick Ratio	0.6	0.5	0.3	·	0.3	0.3	0.6	·	1.0	0.9	0.7	·	0.7	0.7	0.6	·
Debt / Equity	2.3	2.6	2.7	·	2.2	2.4	·	·	0.0	0.0	0.0	·	1.7	1.9	2.0	·
LT Debt / Equity	2.3	2.6	2.0	·	2.2	2.4	·	·	·	·	·	·	1.7	1.9	1.9	·
Interest Coverage	·	·	·	·	·	·	·	·	·	·	4.8	·	3.4	2.7	6.1	·

Efficiency 2

Metric	Trend	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Asset Turnover		0.1	0.1	0.1	·	0.1	0.1	0.1	·	0.1	0.1	0.1	·	0.1	0.1	0.1	·
Receivables Turnover		1.8	1.9	1.8	·	2.1	2.1	2.2	·	1.9	2.1	2.0	·	1.9	2.3	1.8	·

Per Share 6

Metric	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Book Value / Share	$12.94	$12.25	$11.86	·	$11.13	$10.50	$10.04	·	$9.92	$9.33	$10.57	·	$10.22	$9.66	$9.55	·
Revenue / Share	$5.93	$5.99	$5.80	·	$5.71	$5.38	$5.30	·	$4.09	$3.98	$4.12	·	$3.89	$4.01	$3.70	·
Cash Flow / Share	·	·	$2.31	·	·	·	$1.54	·	·	·	$1.57	·	·	·	$1.05	·
Cash / Share	$2.78	$2.49	$2.69	·	$2.31	$2.37	$2.89	·	$5.42	$4.42	$3.05	·	$3.17	$2.90	$2.49	·
Dividend / Share	·	·	·	$0.00	$0.00	$0.00	$0.00	$0.01	$0.17	$0.17	$0.17	$0.17	$0.17	$0.17	$0.17	$0.17
EPS (TTM)	$2.17	$2.06	$1.95	·	$1.08	$1.29	$1.27	·	$1.88	$1.65	$1.55	·	$1.75	$1.83	$2.22	·

Valuation (TTM) 13

Metric	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Revenue TTM	$1000M	$1.00B	$988M	·	$940M	$869M	$807M	·	$715M	$712M	$715M	·	$675M	$651M	$621M	·
Net Income TTM	$92M	$89M	$85M	·	$49M	$58M	$57M	·	$83M	$73M	$69M	·	$79M	$81M	$98M	·
Market Cap	$1.89B	$1.36B	$1.76B	·	$1.98B	$2.65B	$2.35B	·	$2.49B	$2.18B	$2.33B	·	$2.65B	$2.60B	$2.49B	·
Enterprise Value	$3.01B	$2.55B	$2.99B	·	$2.94B	$3.65B	·	·	$2.26B	$1.99B	$2.20B	·	$3.27B	$3.26B	$3.18B	·
P/E	21.3	15.9	21.5	·	42.8	47.7	43.0	·	30.9	30.7	34.4	·	34.8	32.8	25.9	·
P/S	1.9	1.4	1.8	·	2.1	3.1	2.9	·	3.5	3.1	3.3	·	3.9	4.0	4.0	·
P/B	3.6	2.7	3.5	·	4.2	5.9	5.4	·	5.9	5.4	5.0	·	6.0	6.2	6.0	·
P / Cash Flow	·	·	17.9	·	·	·	34.1	·	·	·	33.1	·	·	·	53.2	·
EV / Revenue	3.0	2.5	3.0	·	3.1	4.2	·	·	3.2	2.8	3.1	·	4.8	5.0	5.1	·
Dividend Yield	0.03%	0.04%	0.04%	·	0.42%	0.60%	1.0%	·	1.3%	1.5%	1.4%	·	1.2%	1.2%	1.3%	·
Earnings Yield	4.7%	6.3%	4.7%	·	2.3%	2.1%	2.3%	·	3.2%	3.3%	2.9%	·	2.9%	3.0%	3.9%	·
Payout Ratio	·	·	0.89%	·	·	·	3.3%	·	·	·	36.1%	·	·	·	33.9%	·
Annual Payout	$500.0K	$495.0K	$631.0K	·	$8M	$16M	$24M	·	$32M	$32M	$32M	·	$31M	$31M	$31M	·

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16

Metric	2025-11-30	2024-11-30	2023-11-30	2022-11-30	2021-11-30
Revenue	$978M	$753M	$694M	$602M	$531M
Gross Margin %	80.8%	82.7%	81.8%	84.3%	·
Operating Margin %	15.7%	16.5%	15.9%	21.9%	·
Net Income	$73M	$68M	$70M	$95M	$78M
Diluted EPS	$1.66	$1.54	$1.57	$2.15	$1.76

Metric	2025-11-30	2024-11-30	2023-11-30	2022-11-30	2021-11-30
Debt / Equity	2.9	0.0	1.6	1.6	·
Current Ratio	0.5	0.8	0.9	1.3	·
Quick Ratio	0.4	0.6	0.7	1.1	·

Metric	2025-11-30	2024-11-30	2023-11-30	2022-11-30	2021-11-30
Free Cash Flow	$229M	$206M	$168M	$186M	·

Institutional owners (13F) 334 filers · $1.8B total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 334

Value held $1.8B

New positions 64

Exited positions 51

Institutional activity — Q2 2026 vs prior quarter

New positions	Exited positions	Increased	Decreased	Net shares change
64 (+2 vs prior Q)	51 (-12 vs prior Q)	112 (+12 vs prior Q)	87 (-21 vs prior Q)	+2.0M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution	Value	Shares	% of tracked 13F	Type
BlackRock, Inc.	$254,218,349	7,570,529	14.41%	Shares
VANGUARD GROUP INC	$244,318,976	5,687,127	13.85%	Shares
VANGUARD PORTFOLIO MANAGEMENT LLC	$129,171,985	3,846,694	7.32%	Shares
STATE STREET CORP	$65,880,774	1,961,723	3.73%	Shares
VANGUARD CAPITAL MANAGEMENT LLC	$63,796,459	1,899,835	3.62%	Shares
VICTORY CAPITAL MANAGEMENT INC	$56,745,734	1,689,867	3.22%	Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	$42,811,478	1,274,910	2.43%	Shares
GOLDMAN SACHS GROUP INC	$42,260,511	1,258,502	2.40%	Shares
MANUFACTURERS LIFE INSURANCE COMPANY, THE	$40,780,022	1,214,414	2.31%	Shares
GEODE CAPITAL MANAGEMENT, LLC	$39,341,527	1,171,371	2.23%	Shares
DIMENSIONAL FUND ADVISORS LP	$36,147,961	1,076,430	2.05%	Shares
AQR CAPITAL MANAGEMENT LLC	$35,001,943	1,042,345	1.98%	Shares
Heron Bay Capital Management	$34,010,886	1,012,832	1.93%	Shares
NOMURA ASSET MANAGEMENT INTERNATIONAL INC.	$29,571,000	880,608	1.68%	Shares
SYSTEMATIC FINANCIAL MANAGEMENT LP	$28,930,237	861,531	1.64%	Shares
AMERICAN CENTURY COMPANIES INC	$27,962,032	832,699	1.59%	Shares
FULLER & THALER ASSET MANAGEMENT, INC.	$26,698,379	795,068	1.51%	Shares
KENNEDY CAPITAL MANAGEMENT LLC	$24,912,163	741,875	1.41%	Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$22,905,019	682,103	1.30%	Shares
RICE HALL JAMES & ASSOCIATES, LLC	$19,149,364	570,261	1.09%	Shares
BARCLAYS PLC	$19,122,198	569,452	1.08%	Shares
FMR LLC	$18,897,267	562,754	1.07%	Shares
BANK OF AMERICA CORP /DE/	$18,501,135	550,957	1.05%	Shares
SEGALL BRYANT & HAMILL, LLC	$18,333,236	545,957	1.04%	Shares
MORGAN STANLEY	$17,871,295	532,200	1.01%	Shares
Invenomic Capital Management LP	$17,167,439	511,240	0.97%	Shares
OAKTOP CAPITAL MANAGEMENT II, L.P.	$17,079,057	508,608	0.97%	Shares
NORTHERN TRUST CORP	$16,495,201	491,221	0.94%	Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$14,429,292	429,699	0.82%	Shares
Glenmede Investment Management, LP	$12,974,812	295,352	0.74%	Shares
GLENMEDE TRUST CO NA	$12,377,353	368,593	0.70%	Shares
WELLS FARGO & COMPANY/MN	$11,245,921	334,899	0.64%	Shares
Dana Investment Advisors, Inc.	$11,197,486	333,457	0.63%	Shares
VANGUARD FIDUCIARY TRUST CO	$9,672,618	288,047	0.55%	Shares
Invesco Ltd.	$9,482,724	282,392	0.54%	Shares
Bank of New York Mellon Corp	$9,224,121	274,691	0.52%	Shares
UBS Group AG	$7,823,602	232,984	0.44%	Shares
NOMURA HOLDINGS INC	$7,402,442	220,442	0.42%	Shares
PRINCIPAL FINANCIAL GROUP INC	$6,857,842	204,224	0.39%	Shares
DEUTSCHE BANK AG\	$6,856,465	204,183	0.39%	Shares
Qube Research & Technologies Ltd	$6,632,856	197,524	0.38%	Shares
Public Sector Pension Investment Board	$6,357,298	189,318	0.36%	Shares
BANK OF MONTREAL /CAN/	$6,258,875	186,387	0.35%	Shares
Edgestream Partners, L.P.	$6,008,772	178,939	0.34%	Shares
PARADIGM CAPITAL MANAGEMENT INC/NY	$5,392,948	160,600	0.31%	Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$5,265,344	156,800	0.30%	Call option
Hillsdale Investment Management Inc.	$5,176,357	154,150	0.29%	Shares
Nuveen, LLC	$5,170,401	153,973	0.29%	Shares
BANK OF NOVA SCOTIA	$4,877,764	145,258	0.28%	Shares
Corient Private Wealth LP	$4,349,483	129,526	0.25%	Shares

Show all 334 institutional owners →

Activists & 5%+ owners 6 positions

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer	Filed	Stake	Status	Purpose	Filing
Praesidium Investment Management Company, LLC, Kevin Oram, Peter Uddo ×11 filings	March 7, 2018	·	Initial filing	·	SEC
STARBOARD VALUE AND OPPORTUNITY MASTER FUND LTD, STARBOARD VALUE AND OPPORTUNITY S LLC, STARBOARD VALUE LP, STARBOARD VALUE GP LLC, STARBOARD PRINCIPAL CO LP, STARBOARD PRINCIPAL CO GP LLC, JEFFREY C. SMITH, MARK MITCHELL, PETER A. FELD ×10 filings	March 1, 2013	·	Initial filing	·	SEC
Praesidium Investment Management Company, LLC (2), Kevin Oram (2), Peter Uddo (2)	March 14, 2012	·	Initial filing	·	SEC
Progress Software Corporation, Noble Acquisition Corp. ×3 filings	Feb. 1, 2006	·	Initial filing	·	SEC
Undisclosed reporting person	Oct. 6, 2004	·	Initial filing	M&A / sale	SEC
Undisclosed reporting person	Oct. 28, 2002	·	Initial filing	M&A / sale	SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 67 insiders · 41 officers · 15 directors

19

Insider	Role	Last activity	Shares owned	Sells 12m	Net 12m
Yogesh K Gupta	Chief Executive Officer	April 1, 2026 M	286,198	0	$0
REIDY RICHARD	President and CEO.	Oct. 27, 2011 M	96,243	0	$0
Joseph Wright Alsop	CEO and Director	Feb. 5, 2009 M	429,923	0	$0
Anthony Folger	Chief Financial Officer	Aug. 14, 2026 S	47,381	5	$-459,948
Paul A Jalbert	Chief Financial Officer	Jan. 29, 2020 M	21,198	0	$0
Charles F Wagner JR	EVP Finance & Admin and CFO	Oct. 14, 2011 A	81,175	0	$0
Norman R Robertson	SVP, Finance and CFO	Oct. 1, 2010 F	13,006	0	$0
Gregory J Oconnor	President, Sonic Software Corp	Sept. 1, 2006 F	17,249	0	$0
Lorne Cooper	President, PeerDirect Corp	May 24, 2004 A	2,457	0	$0
Jerry Rulli	Former Chief Operating Officer	March 3, 2017 M	29,227	0	$0
Loren Jarrett	EVP/GM Digital Experience	July 29, 2026 S	10,269	2	$-488,778
Sundar Subramanian	EVP/GM Infrastructure Mgmt	July 1, 2026 M	18,370	5	$-1,337,091
Yufan Stephanie Wang	Chief Legal Officer	May 18, 2026 S	2,544	2	$-144,852
Domenic Lococo	Chief Accounting Officer	April 1, 2026 M	9,857	0	$0
John Ainsworth	EVP/GM App & Data Platform	April 1, 2026 M	58,124	0	$0
Ian Pitt	Chief Information Officer	Oct. 6, 2025 S	7,368	1	$-18,896
Kathryn Kulikoski	Chief People Officer	July 1, 2024 M	4,142	0	$0
Jeremy Segal	EVP, Corporate Development	Feb. 1, 2023 M	636	0	$0
Jennifer Ortiz	EVP, Corporate Marketing	Jan. 19, 2023 A	5,640	0	$0
Stephen H Faberman	Chief Legal Officer	April 1, 2022 M	113,998	0	$0
Gary Quinn	EVP, Enterprise App Exper.	April 1, 2022 M	18,429	0	$0
Anthony Murphy	Chief Information Officer	April 1, 2021 M	6,623	0	$0
Dmitri Tcherevik	Chief Technology Officer	Oct. 7, 2019 M	13,858	0	$0
Dimitre Taslakov	Chief Talent Officer	Oct. 1, 2019 M	34,318	0	$0
Faris Sweis	Senior Vice President	April 1, 2019 M	44,959	0	$0
Michael Benedict	Chief Product Officer	Oct. 1, 2016 M	39,942	0	$0
Matt Robinson	Chief Technology Officer	April 1, 2016 M	5,877	0	$0
David A Benson	EVP and CIO	Oct. 30, 2015 M	47,601	0	$0
Karen T. Padir	Pres, Business Line Executive	Oct. 16, 2015 M	46,863	0	$0
Antonio J. Aquilina	SVP, Strategy & Corp. Dev.	Oct. 9, 2015 M	42,359	0	$0
John Goodson	SVP, CPO & CTO	April 24, 2015 M	72,213	0	$0
Joseph Andrews	SVP, Human Resources	Oct. 6, 2014 M	61,155	0	$0
Andrew Zupsic	SVP, Global Field Operations	Sept. 1, 2014 M	96,721	0	$0
Jennifer E. Smith	SVP & CMO	April 1, 2014 M	19,864	0	$0
John Bates	EVP & CTO	Oct. 1, 2012 F	35,101	0	$0
Chris Andersen	VP, Corp. Controller and CAO	May 28, 2012 A	19,964	0	$0
Gary G Conway	EVP, Chief Marketing Officer	Oct. 1, 2011 F	22,951	0	$0
David H Benton JR	VP and Corporate Controller	July 21, 2011 M	40,431	0	$0
Robert Levy	EVP, Chief Product Officer	Oct. 4, 2010 S	26,667	0	$0
David G Ireland	Executive Vice President	Feb. 16, 2010 M	11,741	0	$0
John Page Goodson	VP & General Mgr. DataDirect	Oct. 15, 2009 A	8,338	0	$0
Samskriti King	Director	July 2, 2026 A	51,116	0	$0
Angela Tucci	Director	July 2, 2026 A	51,116	0	$0
Rainer Gawlick	Director	July 2, 2026 A	61,401	0	$0
Charles Francis Kane	Director	July 2, 2026 A	76,291	0	$0
Vivian M Vitale	Director	July 2, 2026 A	36,224	0	$0
David Krall	Director	July 2, 2026 A	105,947	0	$0
Paul T Dacier	Director	July 2, 2026 A	58,691	0	$0
John R Egan	Director	July 2, 2026 A	57,174	0	$0
Michael Mark	Director	April 19, 2018 M	199,915	0	$0
Roger J Heinen JR	Director	May 12, 2009 A	13,221	0	$0
Amram Rasiel	Director	Sept. 20, 2006 A	541,000	0	$0
Larry Harris	Director	Jan. 7, 2005 S	0	0	$0
Philip M Pead	·	March 31, 2017 A	437,799	0	$0
Kurt Abkemeier	·	March 24, 2017 D	15,630	0	$0
Chris E Perkins	·	Sept. 28, 2016 D	116,636	0	$0
Barry N Bycoff	·	Aug. 24, 2016 D	42,680	0	$0
Ram Gupta	·	June 10, 2016 S	15,608	0	$0
Melissa H Cruz	·	April 1, 2013 F	108,752	0	$0
Jay Bhatt	·	Oct. 1, 2012 F	133,347	0	$0
Craig Newfield	·	Oct. 1, 2012 F	28,306	0	$0
Christopher Larsen	·	Nov. 2, 2011 S	39,778	0	$0
James Freedman	·	May 17, 2011 M	13,929	0	$0
Jeffrey Stamen	·	Oct. 15, 2009 A	14,927	0	$0
Gordon Alan Van Huizen	·	Oct. 15, 2008 A	1,000	0	$0
Scott A Mcgregor	·	April 24, 2008 A	21,800	0	$0
Peter Sliwkowski	·	Nov. 15, 2005 A	1,276	0	$0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 62 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund	Weight	Units	As of	Source
CAFG · Pacer Funds Trust	0.63%	4,710 NS	July 31, 2026	N-PORT
PSCT · Invesco Exchange-Traded Fund Trust …	0.62%	90,690 SH	Oct. 2, 2026	Daily
SCOW · Pacer Funds Trust	0.58%	244 NS	July 31, 2026	N-PORT
QQQS · Invesco Exchange-Traded Fund Trust …	0.41%	2,582 SH	Oct. 2, 2026	Daily
FYC · First Trust Exchange-Traded AlphaDE…	0.33%	104,529 NS	July 31, 2026	N-PORT
CALF · Pacer Funds Trust	0.31%	281,055 NS	July 31, 2026	N-PORT
HAPS · Harbor ETF Trust	0.28%	11,889 NS	July 31, 2026	N-PORT
VFVA · VANGUARD WELLINGTON FUND	0.19%	46,799 SH	Aug. 19, 2026	Daily
JPSE · J.P. Morgan Exchange-Traded Fund Tr…	0.17%	24,629 NS	July 31, 2026	N-PORT
EBIT · Harbor ETF Trust	0.17%	489 NS	July 31, 2026	N-PORT
PRFZ · Invesco Exchange-Traded Fund Trust	0.14%	101,543 SH	Oct. 2, 2026	Daily
NUSC · Nushares ETF Trust	0.13%	41,014 NS	July 31, 2026	N-PORT
QVMS · Invesco Exchange-Traded Fund Trust …	0.11%	7,199 SH	Oct. 2, 2026	Daily
VIOG · VANGUARD ADMIRAL FUNDS	0.11%	34,055 SH	Aug. 19, 2026	Daily
ROSC · Lattice Strategies Trust	0.11%	1,616 NS	July 31, 2026	N-PORT
SMDX · Tidal Trust III	0.11%	3,409 NS	July 31, 2026	N-PORT
ESML · iShares Trust	0.09%	64,389 SH	Sept. 11, 2026	Daily
VIOO · VANGUARD ADMIRAL FUNDS	0.08%	147,276 SH	Aug. 19, 2026	Daily
FSMD · FIDELITY COVINGTON TRUST	0.08%	48,626 NS	July 31, 2026	N-PORT
FYX · First Trust Exchange-Traded AlphaDE…	0.08%	25,979 NS	July 31, 2026	N-PORT
FAD · First Trust Exchange-Traded AlphaDE…	0.07%	9,468 NS	July 31, 2026	N-PORT
BBSC · J.P. Morgan Exchange-Traded Fund Tr…	0.06%	10,954 NS	July 31, 2026	N-PORT
VTWV · VANGUARD SCOTTSDALE FUNDS	0.06%	22,975 SH	Aug. 19, 2026	Daily
IGV · iShares Trust	0.06%	192,404 SH	Sept. 11, 2026	Daily
RWJ · Invesco Exchange-Traded Fund Trust …	0.06%	31,220 SH	Oct. 2, 2026	Daily
IWM · iShares Trust	0.06%	1,082,116 SH	Sept. 11, 2026	Daily
RSSL · Global X Funds	0.06%	20,189 NS	July 31, 2026	N-PORT
VIOV · VANGUARD ADMIRAL FUNDS	0.05%	28,570 SH	Aug. 19, 2026	Daily
IWO · iShares Trust	0.04%	148,759 SH	Sept. 11, 2026	Daily
VFMF · VANGUARD WELLINGTON FUND	0.04%	7,611 SH	Aug. 19, 2026	Daily
VTWO · VANGUARD SCOTTSDALE FUNDS	0.04%	243,292 SH	Aug. 19, 2026	Daily
DFAS · Dimensional ETF Trust	0.03%	116,939 NS	July 31, 2026	N-PORT
VBR · VANGUARD INDEX FUNDS	0.03%	611,417 SH	Aug. 19, 2026	Daily
VTWG · VANGUARD SCOTTSDALE FUNDS	0.03%	16,986 SH	Aug. 19, 2026	Daily
FTEC · FIDELITY COVINGTON TRUST	0.03%	137,464 NS	July 31, 2026	N-PORT
VXF · VANGUARD INDEX FUNDS	0.02%	482,483 SH	Aug. 19, 2026	Daily
VB · VANGUARD INDEX FUNDS	0.02%	967,426 SH	Aug. 19, 2026	Daily
TILT · FlexShares Trust	0.02%	10,744 NS	July 31, 2026	N-PORT
VGT · VANGUARD WORLD FUND	0.02%	1,080,564 SH	Aug. 19, 2026	Daily
DFAT · Dimensional ETF Trust	0.02%	63,911 NS	July 31, 2026	N-PORT
WSML · iShares Trust	0.02%	2,757 SH	Sept. 11, 2026	Daily
TECB · iShares Trust	0.01%	1,573 SH	Sept. 10, 2026	Daily
OMFS · Invesco Exchange-Traded Self-Indexe…	0.01%	603 SH	Oct. 2, 2026	Daily
IGM · iShares Trust	0.01%	19,612 SH	Sept. 11, 2026	Daily
DFAC · Dimensional ETF Trust	0.00%	46,914 NS	July 31, 2026	N-PORT
ITOT · iShares Trust	0.00%	58,199 SH	Sept. 11, 2026	Daily
IWV · iShares Trust	0.00%	12,070 SH	Sept. 10, 2026	Daily
DFUS · Dimensional ETF Trust	0.00%	8,693 NS	July 31, 2026	N-PORT
DXUV · Dimensional ETF Trust	0.00%	236 NS	July 31, 2026	N-PORT
VTI · VANGUARD INDEX FUNDS	0.00%	1,335,479 SH	Aug. 19, 2026	Daily
VT · VANGUARD INTERNATIONAL EQUITY INDEX…	0.00%	37,976 SH	Aug. 19, 2026	Daily
VTHR · VANGUARD SCOTTSDALE FUNDS	0.00%	3,360 SH	Aug. 19, 2026	Daily
ESGV · VANGUARD WORLD FUND	0.00%	9,413 SH	Aug. 19, 2026	Daily
IJR · iShares Trust	·	2,568,433 SH	Sept. 10, 2026	Daily
IJT · iShares Trust	·	271,221 SH	Sept. 9, 2026	Daily
IJS · iShares Trust	·	120,705 SH	Sept. 8, 2026	Daily
IWN · iShares Trust	·	246,906 SH	Sept. 11, 2026	Daily
XJR · iShares Trust	·	5,819 SH	Aug. 31, 2026	Daily
ISCB · iShares Trust	·	1,784 SH	Sept. 11, 2026	Daily
ISCV · iShares Trust	·	8,933 SH	Sept. 11, 2026	Daily
SMLF · iShares Trust	·	95,453 SH	Sept. 11, 2026	Daily
SMMV · iShares Trust	·	3,795 SH	Sept. 1, 2026	Daily

PRGS Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21

rating · 12 analysts STRONG BUY

Median target $53.00 +43.6%

7 58.3% Strong Buy

4 33.3% Buy

1 8.3% Hold

0 0.0% Sell

0 0.0% Strong Sell

12-Month Price Target

5 analysts · 2026-10-01

Mean target $56.20 +52.3%

← Below all targets Current price $36.90

Low$40.00 Mean$56.20 High$83.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker	Market Cap	P/E	Rev YoY	Net Margin	ROE	Gross Margin
PRGS	$1.75B	24.9	29.8%	7.5%	15.7%	80.8%
ADEA	$1.88B	17.4	17.9%	25.1%	25.3%	·
TDC	$2.82B	22.5	-5.0%	7.8%	64.0%	59.4%
APPN	$2.62B	1771.0	17.8%	0.17%	-2.5%	72.5%
ATEN	$1.26B	31.0	11.0%	14.5%	20.3%	79.3%
AIP	$686M	-18.9	22.3%	-49.2%	313.6%	90.2%
RPD	·	42.2	1.9%	·	·	·
NABL	·	-74.8	9.3%	-3.7%	·	76.9%
OSPN	$480M	6.8	0.00%	30.0%	28.3%	73.8%
XPER	$275M	-4.8	-9.2%	-12.6%	-13.5%	·
MSFT	$2.77T	20.8	17.8%	40.3%	34.0%	67.9%

Trading Signals Recent buy/sell signals with entry price and risk/reward ratio

25

BOUNCE_UP Stopped out Oct 30

risk 1 reward 1.50

entry $42.49 R:R 1.50

No open signal right now — no card is filled, and that's honest.

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

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PRGS Progress Software Corporation - Common Stock