Progress Software (PRGS) Research & Development (2009 - 2026)
Progress Software (PRGS) reported Research & Development of $48.84 million for fiscal Q2 2026 (quarter ended May 31, 2026), up 4.9% from $46.57 million a year earlier but down 3.2% from the prior quarter.
Progress Software (PRGS) Research & Development (2009 - 2026) Analysis & Trends
Over the twelve months ended May 31, 2026, Progress Software's Research & Development came in at $198.63 million, up 17.6% year-over-year; for FY2025 (ended Nov 30, 2025), it was $192.27 million, up 31.4% from FY2024.
- Research & Development has increased for five consecutive fiscal years, with a five-year compound annual growth rate of 16.8% (FY2020 to FY2025).
- By fiscal year, Research & Development came in at $146.34 million in FY2024 (+10.5%), $132.4 million in FY2023 (+15.6%), $114.57 million in FY2022 (+10.9%) and $103.34 million in FY2021 (+16.6%).
- Five-year quarterly Research & Development spans a low of $25.62 million in fiscal Q3 2021 and a high of $50.47 million in fiscal Q1 2026.
- Year over year, Research & Development has now increased in each of the last 23 quarters, with growth averaging 20.9% over the last eight quarters.
- The year-over-year growth in Research & Development has ranged between 1.8% (fiscal Q2 2024) and 42.4% (fiscal Q3 2025) over the last five years.
- Per Business Quant data, the three fiscal quarters before Q2 2026 came in at $50.47 million (Q1 2026), $49.89 million (Q4 2025) and $49.43 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 319.55 Bn | 304.63 Bn | 2.30 Bn | 779.00 Mn |
| 2 | CrowdStrike Holdings | 265.46 Bn | 245.90 Bn | 1.10 Bn | 444.20 Mn |
| 3 | Fortinet | 129.36 Bn | 115.29 Bn | 1.64 Bn | 225.00 Mn |
| 4 | Snowflake | 115.65 Bn | 102.97 Bn | 1.04 Bn | 567.48 Mn |
| 5 | Datadog | 96.45 Bn | 78.09 Bn | 881.34 Mn | 477.97 Mn |
| 6 | Axon Enterprise | 34.50 Bn | 29.03 Bn | 546.45 Mn | 208.69 Mn |
| 7 | Okta | 33.79 Bn | 23.89 Bn | 641.00 Mn | 163.00 Mn |
| 8 | Zscaler | 32.51 Bn | 18.63 Bn | - | - |
| 9 | Baidu | 29.59 Bn | -44.04 Bn | 1.47 Mn | 679.00 Mn |
| 10 | Progress Software | 1.63 Bn | 1.22 Bn | 208.59 Mn | 48.84 Mn |
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 48.84 Mn |
| Feb 28, 2026 | 50.47 Mn |
| Nov 30, 2025 | 49.89 Mn |
| Aug 31, 2025 | 49.43 Mn |
| May 31, 2025 | 46.57 Mn |
| Feb 28, 2025 | 46.38 Mn |
| Nov 30, 2024 | 41.20 Mn |
| Aug 31, 2024 | 34.72 Mn |
| May 31, 2024 | 35.44 Mn |
| Feb 29, 2024 | 34.99 Mn |
| Nov 30, 2023 | 34.01 Mn |
| Aug 31, 2023 | 33.14 Mn |
| May 31, 2023 | 34.82 Mn |
| Feb 28, 2023 | 30.44 Mn |
| Nov 30, 2022 | 28.60 Mn |
| Aug 31, 2022 | 28.65 Mn |
| May 31, 2022 | 28.64 Mn |
| Feb 28, 2022 | 28.67 Mn |
| Nov 30, 2021 | 26.76 Mn |
| Aug 31, 2021 | 25.62 Mn |
Progress Software Research & Development 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=research-and-development&ticker=PRGS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=PRGS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();