Progress Software (PRGS) Research & Development (2009 - 2026)
Progress Software (PRGS) posted quarterly Research & Development of $54.3 million for Q2 2026, up 9.39% year-over-year from $49.7 million in Q2 2025, and up 7.66% quarter-over-quarter from $50.5 million in Q1 2026.
Progress Software (PRGS) Research & Development (2009 - 2026) Analysis & Trends
Progress Software's Research & Development history runs 18 years deep, the most recent figure standing at $54.3 million for Q2 2026.
- In Q2 2026, Research & Development rose 9.39% year-over-year to $54.3 million; the TTM figure through May 2026 stood at $214.9 million (up 23.2% YoY), while the FY2025 annual figure was $211.0 million, up 44.19% from the prior year.
- Research & Development for Q2 2026 stood at $54.3 million, up from $50.5 million in the prior quarter.
- The five-year high for Research & Development was $58.2 million in Q4 2025, with the low at $19.9 million in Q4 2023.
- The 5-year median for Research & Development is $37.5 million (2024), against an average of $39.4 million.
- The sharpest annual moves came in 2023 and 2024: Research & Development slumped 30.47% in 2023, then soared 107.16% in 2024.
- Progress Software's Research & Development stood at $28.6 million in 2022, then slumped by 30.47% to $19.9 million in 2023, then jumped by 107.16% to $41.2 million in 2024, then jumped by 41.24% to $58.2 million in 2025, then slipped by 6.61% to $54.3 million in 2026.
- Business Quant data shows PRGS's Research & Development at $54.3 million in Q2 2026, $50.5 million in Q1 2026, and $58.2 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 10.00 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 339.50 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 4.01 Bn |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 1.16 Bn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 669.10 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 276.12 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 396.38 Mn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 60.00 Mn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 664.96 Mn |
| 10 | Progress Software | 1.81 Bn | 1.70 Bn | 208.59 Mn | 54.34 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 54.34 Mn |
| Feb 28, 2026 | 50.47 Mn |
| Nov 30, 2025 | 58.19 Mn |
| Aug 31, 2025 | 51.85 Mn |
| May 31, 2025 | 49.68 Mn |
| Feb 28, 2025 | 46.38 Mn |
| Nov 30, 2024 | 41.20 Mn |
| Aug 31, 2024 | 37.14 Mn |
| May 31, 2024 | 37.89 Mn |
| Feb 29, 2024 | 39.11 Mn |
| Nov 30, 2023 | 19.89 Mn |
| Aug 31, 2023 | 33.14 Mn |
| May 31, 2023 | 34.82 Mn |
| Feb 28, 2023 | 33.75 Mn |
| Nov 30, 2022 | 28.60 Mn |
| Aug 31, 2022 | 34.60 Mn |
| May 31, 2022 | 28.64 Mn |
| Feb 28, 2022 | 28.67 Mn |
| Nov 30, 2021 | 37.42 Mn |
| Aug 31, 2021 | 29.74 Mn |