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Progress Software Corporation provides software operate in one operating segment: software products for the development, deployment, and management of responsible, AI-powered applications and digital experiences. Following are products: Chef, Corticon, Data Direct, Developer Tools, Flowmon, Kemp LoadMaster, MarkLogic, MOVEit, OpenEdge, Semaphore, ShareFile, Sitefinity, WhatsUp Gold. Geographical regions include United States, Canada, EMEA, Latin America, and Asia Pacific.
2015
2.8K+
LTM Revenue $832M
LTM EBITDA $341M
$3.9B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Progress Software has a last 12-month revenue of $832M and a last 12-month EBITDA of $341M.
In the most recent fiscal year, Progress Software achieved revenue of $753M and an EBITDA of $229M.
Progress Software expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Progress Software valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $694M | $753M | XXX | XXX | XXX |
| Gross Profit | $508M | $568M | XXX | XXX | XXX |
| Gross Margin | 73% | 75% | XXX | XXX | XXX |
| EBITDA | $214M | $229M | XXX | XXX | XXX |
| EBITDA Margin | 31% | 30% | XXX | XXX | XXX |
| Net Profit | $95.1M | $70.2M | XXX | XXX | XXX |
| Net Margin | 14% | 9% | XXX | XXX | XXX |
| Net Debt | $362M | $597M | XXX | XXX | XXX |
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As of April 15, 2025, Progress Software's stock price is $57.
Progress Software has current market cap of $2.5B, and EV of $3.9B.
See Progress Software trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $3.9B | $2.5B | XXX | XXX | XXX | XXX | $5.06 |
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Sign UpAs of April 15, 2025, Progress Software has market cap of $2.5B and EV of $3.9B.
Progress Software's trades at 4.7x LTM EV/Revenue multiple, and 11.4x LTM EBITDA.
Analysts estimate Progress Software's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Progress Software and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $3.9B | XXX | XXX | XXX |
| EV/Revenue | 5.0x | XXX | XXX | XXX |
| EV/EBITDA | 16.0x | XXX | XXX | XXX |
| P/E | 29.9x | XXX | XXX | XXX |
| P/E/Growth | 0.4x | XXX | XXX | XXX |
| EV/FCF | 18.6x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpProgress Software's NTM/LTM revenue growth is 17%
Progress Software's revenue per employee for the last fiscal year averaged $0.3M, while opex per employee averaged $0.2M for the same period.
Over next 12 months, Progress Software's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Progress Software's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Progress Software and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 8% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 31% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 7% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 49% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.3M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.2M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 3% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 31% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 19% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 62% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| archTIS | XXX | XXX | XXX | XXX | XXX | XXX |
| FirstWave | XXX | XXX | XXX | XXX | XXX | XXX |
| Prophecy International | XXX | XXX | XXX | XXX | XXX | XXX |
| Qoria | XXX | XXX | XXX | XXX | XXX | XXX |
| Quick Heal | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Progress Software acquired XXX companies to date.
Last acquisition by Progress Software was XXXXXXXX, XXXXX XXXXX XXXXXX . Progress Software acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Progress Software founded? | Progress Software was founded in 2015. |
| Where is Progress Software headquartered? | Progress Software is headquartered in United States of America. |
| How many employees does Progress Software have? | As of today, Progress Software has 2.8K+ employees. |
| Who is the CEO of Progress Software? | Progress Software's CEO is Mr. Yogesh K. Gupta. |
| Is Progress Software publicy listed? | Yes, Progress Software is a public company listed on NAS. |
| What is the stock symbol of Progress Software? | Progress Software trades under PRGS ticker. |
| When did Progress Software go public? | Progress Software went public in 1991. |
| Who are competitors of Progress Software? | Similar companies to Progress Software include e.g. archTIS, FirstWave, Prophecy International, Qoria. |
| What is the current market cap of Progress Software? | Progress Software's current market cap is $2.5B |
| What is the current revenue of Progress Software? | Progress Software's last 12-month revenue is $832M. |
| What is the current EBITDA of Progress Software? | Progress Software's last 12-month EBITDA is $341M. |
| What is the current EV/Revenue multiple of Progress Software? | Current revenue multiple of Progress Software is 4.7x. |
| What is the current EV/EBITDA multiple of Progress Software? | Current EBITDA multiple of Progress Software is 11.4x. |
| What is the current revenue growth of Progress Software? | Progress Software revenue growth between 2023 and 2024 was 8%. |
| Is Progress Software profitable? | Yes, Progress Software is EBITDA-positive (as of the last 12 months). |
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