Progress Software (PRGS) Cost of Revenue (2009 - 2026)
Progress Software (PRGS) posted Cost of Revenue of $44.9 million for Q2 2026, up 2.3% on a QoQ basis from $43.9 million in Q1 2026, and down 5.11% year-over-year from $47.3 million in Q2 2025.
Analysis
Progress Software (PRGS) Cost of Revenue (2009 - 2026) Analysis & Trends
Progress Software has reported Cost of Revenue for 18 years, with the latest figure at $44.9 million in Q2 2026.
- On a quarterly basis, Cost of Revenue fell 5.11% year-over-year to $44.9 million in Q2 2026; TTM through May 2026 was $182.8 million, a 14.88% increase from a year earlier, with the FY2025 full-year figure at $187.6 million, up 43.76% from the prior year.
- Cost of Revenue was $44.9 million for Q2 2026 at Progress Software, up from $43.9 million in the prior quarter.
- The five-year high for Cost of Revenue was $47.5 million in Q3 2025, with the low at $23.2 million in Q1 2022.
- Average Cost of Revenue over 5 years is $34.9 million, with a median of $33.3 million recorded in 2023.
- The sharpest annual moves came in 2024 and 2025: Cost of Revenue dropped 11.71% in 2024, then surged 63.56% in 2025.
- Over 5 years, Cost of Revenue stood at $23.5 million in 2022, then surged by 43.06% to $33.7 million in 2023, then rose by 8.54% to $36.5 million in 2024, then increased by 27.34% to $46.5 million in 2025, then dropped by 3.56% to $44.9 million in 2026.
- The last three Cost of Revenue figures came in at $44.9 million (Q2 2026), $43.9 million (Q1 2026), and $46.5 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Unity Software | 18.54 Bn | 16.19 Bn | 434.76 Mn | 111.71 Mn |
| 2 | JFrog | 10.58 Bn | 9.76 Bn | 127.62 Mn | 36.15 Mn |
| 3 | Gitlab | 7.91 Bn | 6.65 Bn | 240.62 Mn | 45.64 Mn |
| 4 | Aurora Mobile | 4.05 Bn | 4.02 Bn | 10.20 Mn | 4.72 Mn |
| 5 | Progress Software | 1.77 Bn | 1.67 Bn | 208.59 Mn | 44.87 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 44.87 Mn |
| Feb 28, 2026 | 43.86 Mn |
| Nov 30, 2025 | 46.53 Mn |
| Aug 31, 2025 | 47.54 Mn |
| May 31, 2025 | 47.29 Mn |
| Feb 28, 2025 | 46.23 Mn |
| Nov 30, 2024 | 36.54 Mn |
| Aug 31, 2024 | 29.06 Mn |
| May 31, 2024 | 32.07 Mn |
| Feb 29, 2024 | 32.81 Mn |
| Nov 30, 2023 | 33.66 Mn |
| Aug 31, 2023 | 32.92 Mn |
| May 31, 2023 | 33.78 Mn |
| Feb 28, 2023 | 26.22 Mn |
| Nov 30, 2022 | 23.53 Mn |
| Aug 31, 2022 | 23.80 Mn |
| May 31, 2022 | 23.96 Mn |
| Feb 28, 2022 | 23.21 Mn |
| Nov 30, 2021 | 21.08 Mn |
| Aug 31, 2021 | 20.07 Mn |