Progress Software Corporation (PRGS) Balance Sheet
PRGS balance sheet, FY2025
November 30, 2025 · U.S. dollars$2.46B assets = $1.98B liabilities + $478.3M equity
Both columns are drawn to the same scale: what PRGS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
PRGS financial health
Descriptive bands, not a rating. Fiscal FY2025.
PRGS balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $754.8MFY2016 | $2.46BFY2025 | +14.0%/yr | |
| Total liabilities | $348.2MFY2016 | $1.98BFY2025 | +21.3%/yr | |
| Shareholders’ equity | $406.6MFY2016 | $478.3MFY2025 | +1.8%/yr | |
| Cash & short-term investments | $249.8MFY2016 | $94.8MFY2025 | −10.2%/yr | |
| Total debt | $135.0MFY2016 | $851.0MFY2025 | +22.7%/yr | |
| Net cash (debt) | $114.8MFY2016 | −$756.2MFY2025 | −$870.9M | |
| Working capital | $132.3MFY2016 | −$409.8MFY2025 | −$542.1M | |
| Book value per share | $8.22FY2016 | $10.87FY2025 | +3.2%/yr | |
| Current ratio | 1.65FY2016 | 0.49FY2025 | −1.16 | |
| Debt / equity | 0.33FY2016 | 1.78FY2025 | +1.45 | |
| Shares outstanding | 49.5MFY2016 | 44.0MFY2025 | −1.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
PRGS assets
PRGS liabilities and equity
PRGS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
PRGS balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $94.8M | $118.1M | $127.0M | $256.3M | $157.4M | $106.0M | $173.7M | $139.5M | $183.6M | $249.8M |
| Cash & equivalents | $94.8M | $118.1M | $127.0M | $256.3M | $155.4M | $98.0M | $154.3M | $105.1M | $133.5M | $207.0M |
| Short-term investments | — | — | — | $256.3M | $2.0M | $8.0M | $19.4M | $34.4M | $50.1M | $42.7M |
| Receivables | $242.4M | $198.2M | $155.8M | $127.0M | $125.6M | $109.0M | $83.7M | $61.1M | $61.2M | $65.7M |
| Inventory | $0 | $0 | $0 | $5.0M | $15.3M | $0 | $0 | $5.8M | $0 | $1 |
| Other current assets | $62.8M | $52.5M | $48.0M | $37.7M | $39.5M | $24.0M | $27.3M | $22.4M | $18.6M | $20.6M |
| Total current assets | $400.0M | $368.8M | $330.8M | $426.1M | $337.8M | $238.9M | $284.7M | $228.8M | $263.4M | $336.1M |
| Property, plant & equipment (net) | $39.5M | $44.6M | $33.9M | $32.5M | $39.6M | $60.5M | $29.8M | $30.7M | $42.3M | $50.1M |
| Goodwill & intangible assets | $1.89B | $2.02B | $1.19B | $888.4M | $958.3M | $704.5M | $532.2M | $373.9M | $409.9M | $358.9M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $125.1M | $97.8M | $51.7M | $64.5M | $27.8M | $37.9M | $34.6M | $7.2M | $3.1M | $9.8M |
| Total assets | $2.46B | $2.53B | $1.60B | $1.41B | $1.36B | $1.04B | $881.3M | $640.6M | $718.7M | $754.8M |
| Liabilities | ||||||||||
| Accounts payable | $15.9M | $13.9M | $12.4M | $9.3M | $9.7M | $10.0M | $10.6M | $10.6M | $9.0M | $13.0M |
| Short-term debt | $8.5M | $9.2M | $23.2M | $13.7M | $33.7M | $25.3M | $10.7M | $5.8M | $5.8M | $15.0M |
| Deferred revenue | $324.8M | $332.1M | $236.1M | $227.7M | $205.0M | $166.4M | $157.5M | $133.2M | $132.5M | $129.0M |
| Total current liabilities | $809.7M | $455.1M | $352.1M | $318.0M | $322.9M | $262.5M | $240.9M | $196.0M | $208.0M | $203.7M |
| Long-term debt | $1.04B | $1.53B | $710.9M | $611.8M | $534.5M | $364.3M | $284.0M | $110.3M | $116.1M | $120.0M |
| Lease obligations | $29.6M | $35.5M | $23.1M | $22.5M | $31.1M | $34.0M | — | — | — | — |
| Other long-term liabilities | $128.4M | $106.8M | $80.1M | $83.1M | $93.6M | $69.0M | $26.1M | $24.2M | $18.5M | $24.5M |
| Total liabilities | $1.98B | $2.09B | $1.14B | $1.01B | $951.0M | $695.8M | $551.0M | $330.5M | $342.6M | $348.2M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $423,000 | $434,000 | $438,000 | $433,000 | $441,000 | $442,000 | $450,000 | $267.1M | $249.8M | $239.5M |
| Retained earnings (deficit) | $127.4M | $120.4M | $120.9M | $101.7M | $90.3M | $72.5M | $64.3M | $43.0M | $126.2M | $167.1M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$33.1M | −$36.2M | −$32.2M | −$35.2M | −$32.4M | −$32.8M | −$30.0M | −$28.2M | −$19.0M | −$28.6M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $478.3M | $438.8M | $459.7M | $398.5M | $412.5M | $346.0M | $330.3M | $310.1M | $376.1M | $406.6M |
| Key figures | ||||||||||
| Total debt | $851.0M | $1.56B | $747.1M | $640.6M | $591.4M | $416.5M | $294.7M | $116.1M | $121.9M | $135.0M |
| Net cash (debt) | −$756.2M | −$1.44B | −$620.1M | −$384.3M | −$434.0M | −$310.5M | −$121.0M | $23.4M | $61.7M | $114.8M |
| Working capital | −$409.8M | −$86.3M | −$21.3M | $108.0M | $14.9M | −$23.6M | $43.8M | $32.8M | $55.4M | $132.3M |
| Tangible book value | −$1.41B | −$1.58B | −$726.7M | −$489.9M | −$545.8M | −$358.5M | −$201.9M | −$63.8M | −$33.9M | $47.7M |
| Book value per share | $10.87 | $9.88 | $10.29 | $9.01 | $9.24 | $7.63 | $7.28 | $6.72 | $7.75 | $8.22 |
| Shares outstanding | 44.0M | 44.4M | 44.7M | 44.2M | 44.6M | 45.3M | 45.3M | 46.1M | 48.5M | 49.5M |
| Current ratio | 0.49 | 0.81 | 0.94 | 1.34 | 1.05 | 0.91 | 1.18 | 1.17 | 1.27 | 1.65 |
| Quick ratio | 0.42 | 0.69 | 0.80 | 1.21 | 0.88 | 0.82 | 1.07 | 1.02 | 1.18 | 1.55 |
| Debt / equity | 1.78 | 3.56 | 1.63 | 1.61 | 1.43 | 1.20 | 0.89 | 0.37 | 0.32 | 0.33 |
| Equity / assets | 19.5% | 17.4% | 28.7% | 28.2% | 30.3% | 33.2% | 37.5% | 48.4% | 52.3% | 53.9% |
| Aug '26 | May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $113.7M | $103.0M | $113.2M | $94.8M | $99.0M | $102.0M | $124.2M | $118.1M | $232.7M | $190.4M | $133.2M | $127.0M |
| Cash & equivalents | $113.7M | $103.0M | $113.2M | $94.8M | $99.0M | $102.0M | $124.2M | $118.1M | $232.7M | $190.4M | $133.2M | $127.0M |
| Short-term investments | — | — | — | — | — | — | — | — | $75.8M | — | $5.3M | — |
| Receivables | $169.0M | $176.5M | $188.4M | $242.4M | $187.4M | $174.3M | $161.8M | $198.2M | $122.8M | $115.5M | $118.0M | $155.8M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$34.6M | $0 | $1 | $0 |
| Other current assets | $47.4M | $57.0M | $68.6M | $62.8M | $49.2M | $49.4M | $54.7M | $52.5M | $67.6M | $37.1M | $46.0M | $48.0M |
| Total current assets | $330.0M | $336.5M | $370.1M | $400.0M | $335.5M | $325.7M | $340.7M | $368.8M | $388.6M | $343.0M | $297.3M | $330.8M |
| Property, plant & equipment (net) | $45.0M | $46.5M | $45.5M | $39.5M | $40.9M | $39.8M | $41.5M | $44.6M | $25.4M | $27.3M | $29.4M | $33.9M |
| Goodwill & intangible assets | $1.79B | $1.82B | $1.86B | $1.89B | $1.93B | $1.94B | $1.98B | $2.02B | $1.12B | $1.14B | $1.16B | $1.19B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $138.4M | $138.3M | $120.3M | $125.1M | $116.7M | $103.7M | $100.0M | $97.8M | $88.4M | $78.6M | $60.3M | $51.7M |
| Total assets | $2.30B | $2.35B | $2.39B | $2.46B | $2.42B | $2.41B | $2.46B | $2.53B | $1.62B | $1.59B | $1.55B | $1.60B |
| Liabilities | ||||||||||||
| Accounts payable | $10.2M | $11.2M | $13.9M | $15.9M | $12.8M | $9.0M | $14.8M | $13.9M | $10.8M | $8.6M | $9.9M | $12.4M |
| Short-term debt | $7.8M | $8.1M | $17.6M | $8.5M | $367.4M | $366.3M | $9.0M | $9.2M | $8.9M | $9.4M | $9.8M | $23.2M |
| Deferred revenue | $311.9M | $324.5M | $330.8M | $324.8M | $298.7M | $308.4M | $328.8M | $332.1M | $218.0M | $226.6M | $232.6M | $236.1M |
| Total current liabilities | $414.6M | $416.0M | $788.1M | $809.7M | $769.8M | $750.3M | $428.5M | $455.1M | $314.9M | $307.2M | $312.2M | $352.1M |
| Long-term debt | $0 | $1.29B | $981.7M | $1.04B | $1.06B | $1.10B | $1.50B | $1.53B | $795.3M | $794.3M | $691.3M | $710.9M |
| Lease obligations | — | $34.6M | $34.1M | $29.6M | $31.5M | $30.8M | $33.2M | $35.5M | $17.5M | $19.4M | $21.0M | $23.1M |
| Other long-term liabilities | $1.36B | $131.4M | $126.2M | $128.4M | $113.5M | $110.4M | $104.8M | $106.8M | $84.1M | $83.2M | $82.6M | $80.1M |
| Total liabilities | $1.77B | $1.84B | $1.90B | $1.98B | $1.94B | $1.96B | $2.03B | $2.09B | $1.19B | $1.18B | $1.09B | $1.14B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $410,000 | $413,000 | $421,000 | $423,000 | $429,000 | $431,000 | $430,000 | $434,000 | $429,000 | $431,000 | $437,000 | $438,000 |
| Retained earnings (deficit) | $133.4M | $124.4M | $133.0M | $127.4M | $138.1M | $123.3M | $116.0M | $120.4M | $119.2M | $105.6M | $123.4M | $120.9M |
| Accumulated other comprehensive income | −$35.5M | −$34.4M | −$32.7M | −$33.1M | −$32.4M | −$33.1M | −$37.6M | −$36.2M | −$32.7M | −$34.7M | −$34.4M | −$32.2M |
| Total shareholders' equity | $530.0M | $506.1M | $498.8M | $478.3M | $477.7M | $452.7M | $431.8M | $438.8M | $425.6M | $401.7M | $461.7M | $459.7M |
| Key figures | ||||||||||||
| Total debt | $1.27B | $1.33B | $869.6M | $851.0M | $1.45B | $1.49B | $1.53B | $1.56B | $812.8M | $813.7M | $712.3M | $747.1M |
| Net cash (debt) | −$1.15B | −$1.22B | −$756.5M | −$756.2M | −$1.35B | −$1.39B | −$1.41B | −$1.44B | −$580.0M | −$623.3M | −$579.1M | −$620.1M |
| Working capital | −$84.6M | −$79.5M | −$418.0M | −$409.8M | −$434.3M | −$424.6M | −$87.9M | −$86.3M | $73.6M | $35.8M | −$15.0M | −$21.3M |
| Tangible book value | −$1.26B | −$1.32B | −$1.36B | −$1.41B | −$1.45B | −$1.49B | −$1.55B | −$1.58B | −$691.8M | −$735.8M | −$699.1M | −$726.7M |
| Book value per share | $12.78 | $11.90 | $11.67 | $10.87 | $10.93 | $10.25 | $9.62 | $9.71 | $9.74 | $9.14 | $10.30 | $10.25 |
| Shares outstanding | 41.5M | 42.5M | 42.7M | 44.0M | 43.7M | 44.2M | 44.9M | 45.2M | 43.7M | 44.0M | 44.8M | 44.8M |
| Current ratio | 0.80 | 0.81 | 0.47 | 0.49 | 0.44 | 0.43 | 0.79 | 0.81 | 1.23 | 1.12 | 0.95 | 0.94 |
| Quick ratio | 0.68 | 0.67 | 0.38 | 0.42 | 0.37 | 0.37 | 0.67 | 0.69 | 1.13 | 1.00 | 0.80 | 0.80 |
| Debt / equity | 2.39 | 2.62 | 1.74 | 1.78 | 3.04 | 3.29 | 3.54 | 3.56 | 1.91 | 2.03 | 1.54 | 1.63 |
| Equity / assets | 23.0% | 21.6% | 20.8% | 19.5% | 19.7% | 18.8% | 17.5% | 17.4% | 26.3% | 25.3% | 29.8% | 28.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed January 20, 2026); data from EODHD.
PRGS financial position
At the end of fiscal 2025 (November 30, 2025), Progress Software had total assets of $2.5 billion (down 2.7% from a year earlier), total liabilities of $2.0 billion and shareholders' equity of $478.3 million. It held $94.8 million in cash and short-term investments against $851.0 million of debt, net debt of $756.2 million. Its current ratio was 0.49. In the latest quarter (ended August 31, 2026) total assets were $2.3 billion and equity $530.0 million.
Related: PRGS income statement, PRGS cash flow statement, PRGS key metrics. See the PRGS stock overview for the latest quote and news.
PRGS balance sheet FAQ
What are Progress Software's total assets?
Progress Software reported total assets of $2.5 billion at the end of fiscal 2025 (November 30, 2025), compared with $2.5 billion a year earlier.
How much debt does Progress Software have?
Progress Software had $851.0 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.78.
How much cash does Progress Software have?
Progress Software held $94.8 million in cash and short-term investments at the end of fiscal 2025; with $851.0 million of debt that is net debt of $756.2 million.
What is Progress Software's book value?
Progress Software's shareholders' equity (book value) was $478.3 million at the end of fiscal 2025, or $10.87 per share.
What is Progress Software's current ratio?
Progress Software had current assets of $400.0 million and current liabilities of $809.7 million, a current ratio of 0.49 (current liabilities exceed current assets).
How much goodwill does Progress Software have?
Progress Software carried $1.9 billion of goodwill and intangible assets, 77.0% of total assets, at the end of fiscal 2025.