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Progress Software Corp balance sheet

At the end of fiscal 2025, Progress Software Corp had total assets of $2.46bn and shareholders' equity of $478m. It held $94.8m in cash against $1.40bn of debt: net debt of $1.31bn.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Nov 20092010Nov 20102011Nov 20112012Nov 20122013Nov 20132014Nov 20142015Nov 20152016Nov 20162017Nov 20172018Nov 20182019Nov 20192020Nov 20202021Nov 20212022Nov 20222023Nov 20232024Nov 20242025Nov 2025LTMAug 2026
Cash and equivalents1762871613021992632121331331051549815525612711895114
Receivables9911911171676866666160738410098126164196119
Inventory———————————045————
Total current assets358484408527338376323336263232285239338426331369400330
Goodwill2182372562262242333702783153154334926716718321,2921,3091,310
Total assets7999378648856827038777557196448811,0421,3641,4111,6032,5272,4582,303
Accounts payable121371010121113911111010912141610
Deferred revenue (current)1411391461049693125129133123157166205228236332325312
Total current liabilities227238226240165153200204208186241263323318352455810415
Short-term debt0000—09156611182661303590
Long-term debt10———01351201161102843645356127111,5261,0411,233
Total debt1100001441351241182973846276287311,5401,4001,233
Shareholders' equity558690625638514543522443404324330346412399460439478530
Net debt (negative = net cash)−175−286−161−302−199−263−682−10121432864723726041,4221,3061,119
Shares outstanding61m67m62m60m52m51m51m49m47m45m45m44m44m43m44m43m42m41m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Progress Software Corp's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Progress Software Corp.