Progress Software (PRGS) Debt Ratio (2009 - 2026)
Progress Software's Debt Ratio came in at 0.54 for fiscal Q3 2026 (quarter ended Aug 31, 2026), down 8.7% from 0.59 a year earlier and down 2.8% from the prior quarter.
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Analysis
Progress Software (PRGS) Debt Ratio (2009 - 2026) Analysis & Trends
For FY2025 (ended Nov 30, 2025), Progress Software's Debt Ratio was 0.57, down 5.7% from FY2024.
- Going back by fiscal year, Debt Ratio was 0.60 in FY2024 (+162.2%), 0.23 in FY2023 (+22.5%), 0.19 in FY2022 (-3.5%) and 0.19 in FY2021 (-46.9%).
- The fiscal Q3 2026 figure represents the lowest quarterly Debt Ratio since fiscal Q1 2025.
- Year-over-year, Debt Ratio increased in three of the last six quarters, with growth averaging 44.5%.
- The fastest year-over-year change in Debt Ratio over five years came in fiscal Q4 2024 (growth of 162.2%), and the weakest in fiscal Q1 2024 (a decline of 56.1%).
- Business Quant data shows PRGS's Debt Ratio at 0.55 (Q2 2026), 0.56 (Q1 2026) and 0.57 (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 255.42 Bn | 240.49 Bn | 2.30 Bn | - |
| 2 | CrowdStrike Holdings | 232.07 Bn | 212.47 Bn | 1.10 Bn | 0.06 |
| 3 | Fortinet | 125.35 Bn | 111.28 Bn | 1.64 Bn | 0.05 |
| 4 | Snowflake | 111.63 Bn | 98.94 Bn | 1.04 Bn | - |
| 5 | Datadog | 91.35 Bn | 72.99 Bn | 881.34 Mn | - |
| 6 | Zscaler | 34.43 Bn | 20.55 Bn | - | - |
| 7 | Okta | 33.87 Bn | 23.97 Bn | 641.00 Mn | - |
| 8 | Axon Enterprise | 31.65 Bn | 26.18 Bn | 546.45 Mn | 0.23 |
| 9 | MongoDB | 29.46 Bn | 19.93 Bn | 569.77 Mn | - |
| 10 | Progress Software | 1.78 Bn | 1.35 Bn | 203.54 Mn | 0.54 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 0.54 |
| May 31, 2026 | 0.55 |
| Feb 28, 2026 | 0.56 |
| Nov 30, 2025 | 0.57 |
| Aug 31, 2025 | 0.59 |
| May 31, 2025 | 0.60 |
| Feb 28, 2025 | 0.28 |
| Nov 30, 2024 | 0.60 |
| Feb 29, 2024 | 0.22 |
| Nov 30, 2023 | 0.23 |
| Aug 31, 2023 | 0.47 |
| May 31, 2023 | 0.49 |
| Feb 28, 2023 | 0.49 |
| Nov 30, 2022 | 0.19 |
| Aug 31, 2022 | 0.46 |
| May 31, 2022 | 0.46 |
| Feb 28, 2022 | 0.46 |
| Nov 30, 2021 | 0.19 |
| Aug 31, 2021 | 0.44 |
| May 31, 2021 | 0.46 |
API Access
Progress Software Debt Ratio 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=debt-ratio&ticker=PRGS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "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=debt-ratio&ticker=PRGS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();