Progress Software (PRGS) Free Cash Flow (2009 - 2026)
Progress Software (PRGS) recorded Free Cash Flow of $76.97 million in fiscal Q2 2026 (quarter ended May 31, 2026), up 160.9% from $29.5 million a year earlier but down 19.8% from the prior quarter.
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Analysis
Progress Software (PRGS) Free Cash Flow (2009 - 2026) Analysis & Trends
On a TTM basis, Progress Software's Free Cash Flow came in at $305.22 million as of May 31, 2026, up 79.0% year-over-year; for FY2025 (ended Nov 30, 2025), it came in at $229.49 million, up 11.2% from FY2024.
- Annual Free Cash Flow has a five-year compound annual growth rate of 10.7% (FY2020 to FY2025).
- Across earlier fiscal years, Free Cash Flow came in at $206.29 million in FY2024 (+22.5%), $168.35 million in FY2023 (-9.5%), $186.07 million in FY2022 (+7.0%) and $173.88 million in FY2021 (+25.7%).
- Quarterly Free Cash Flow has ranged from $16.77 million in fiscal Q4 2024 to $95.92 million in fiscal Q1 2026 over the past five years.
- On a year-over-year basis, Free Cash Flow has increased for four consecutive quarters, with growth averaging 51.5% over the last eight quarters.
- Peak year-over-year performance for Free Cash Flow in the last five years was growth of 257.3% in fiscal Q4 2025, against a decline of 53.0% in fiscal Q2 2025 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $95.92 million (Q1 2026), $59.94 million (Q4 2025) and $72.39 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 323.81 Bn | 308.88 Bn | 2.30 Bn | 1.25 Bn |
| 2 | CrowdStrike Holdings | 271.09 Bn | 251.53 Bn | 1.10 Bn | 405.86 Mn |
| 3 | Fortinet | 131.14 Bn | 117.07 Bn | 1.64 Bn | 965.60 Mn |
| 4 | Snowflake | 119.71 Bn | 107.03 Bn | 1.04 Bn | 83.80 Mn |
| 5 | Datadog | 98.30 Bn | 79.94 Bn | 881.34 Mn | 305.98 Mn |
| 6 | Okta | 34.95 Bn | 25.05 Bn | 641.00 Mn | 233.00 Mn |
| 7 | Axon Enterprise | 34.32 Bn | 28.85 Bn | 546.45 Mn | -972,000.00 |
| 8 | Zscaler | 32.52 Bn | 18.64 Bn | - | - |
| 9 | Baidu | 29.56 Bn | -44.07 Bn | 1.47 Mn | 2.18 Bn |
| 10 | Progress Software | 1.64 Bn | 1.21 Bn | 203.54 Mn | 86.32 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 86.32 Mn |
| May 31, 2026 | 76.97 Mn |
| Feb 28, 2026 | 95.92 Mn |
| Nov 30, 2025 | 59.94 Mn |
| Aug 31, 2025 | 72.39 Mn |
| May 31, 2025 | 29.50 Mn |
| Feb 28, 2025 | 67.66 Mn |
| Nov 30, 2024 | 16.77 Mn |
| Aug 31, 2024 | 56.59 Mn |
| May 31, 2024 | 62.73 Mn |
| Feb 29, 2024 | 70.20 Mn |
| Nov 30, 2023 | 30.77 Mn |
| Aug 31, 2023 | 44.83 Mn |
| May 31, 2023 | 46.37 Mn |
| Feb 28, 2023 | 46.38 Mn |
| Nov 30, 2022 | 37.13 Mn |
| Aug 31, 2022 | 38.56 Mn |
| May 31, 2022 | 67.11 Mn |
| Feb 28, 2022 | 43.26 Mn |
| Nov 30, 2021 | 42.02 Mn |
API Access
Progress Software Free Cash Flow 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=free-cash-flow&ticker=PRGS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=PRGS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();