Progress Software (PRGS) Cost of Revenue (2009 - 2026)
Progress Software (PRGS) reported Cost of Revenue of $42.47 million for fiscal Q3 2026 (quarter ended Aug 31, 2026), down 10.7% from $47.54 million a year earlier and down 5.4% from the prior quarter.
Progress Software (PRGS) Cost of Revenue (2009 - 2026) Analysis & Trends
Over the twelve months ended Aug 31, 2026, Progress Software's Cost of Revenue came in at $177.73 million, up 0.1% year-over-year; for FY2025 (ended Nov 30, 2025), it came in at $187.58 million, up 43.8% from FY2024.
- Cost of Revenue has increased for five consecutive fiscal years, with a five-year compound annual growth rate of 24.7% (FY2020 to FY2025).
- By fiscal year, Cost of Revenue came in at $130.48 million in FY2024 (+3.1%), $126.58 million in FY2023 (+33.9%), $94.5 million in FY2022 (+20.5%) and $78.45 million in FY2021 (+26.3%).
- The fiscal Q3 2026 figure ranks as the lowest quarterly Cost of Revenue since fiscal Q4 2024.
- Year over year, Cost of Revenue has now declined in each of the last three quarters, with growth averaging 20.9% over the last eight quarters.
- The high point for year-over-year Cost of Revenue in five years was fiscal Q3 2025 (growth of 63.6%); the low point was fiscal Q3 2024 (a decline of 11.7%).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at $44.87 million (Q2 2026), $43.86 million (Q1 2026) and $46.53 million (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 328.64 Bn | 313.71 Bn | 2.30 Bn | 1.11 Bn |
| 2 | CrowdStrike Holdings | 276.50 Bn | 256.94 Bn | 1.10 Bn | 374.00 Mn |
| 3 | Fortinet | 132.74 Bn | 118.67 Bn | 1.64 Bn | 404.70 Mn |
| 4 | Snowflake | 120.19 Bn | 107.50 Bn | 1.04 Bn | 510.08 Mn |
| 5 | Datadog | 99.51 Bn | 81.15 Bn | 881.34 Mn | 240.11 Mn |
| 6 | Okta | 35.35 Bn | 25.44 Bn | 641.00 Mn | 164.00 Mn |
| 7 | Axon Enterprise | 33.58 Bn | 28.10 Bn | 546.45 Mn | 357.94 Mn |
| 8 | Zscaler | 32.06 Bn | 18.18 Bn | - | - |
| 9 | MongoDB | 28.84 Bn | 19.30 Bn | 569.77 Mn | 202.01 Mn |
| 10 | Progress Software | 1.51 Bn | 1.09 Bn | 203.54 Mn | 42.47 Mn |
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 42.47 Mn |
| 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 |
Progress Software Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=PRGS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "PRGS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=PRGS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();