PROGRESS SOFTWARE CORP /MA

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $405.3m $397.6m $397.2m $413.3m $442.1m $531.3m $602.0m $694.4m $753.4m $977.8m
Cost of Revenue $65.7m $69.2m $67.0m $75.2m $62.1m $78.4m $94.5m $126.6m $130.5m $187.6m
Gross Profit $339.6m $328.4m $330.2m $338.1m $380.0m $452.9m $507.5m $567.9m $622.9m $790.2m
Operating Costs and Expenses $125.9m $108.5m $102.5m
Operating Expenses $369.3m $257.8m $244.2m $298.0m $272.3m $336.8m $375.4m $457.3m $498.9m $637.0m
Operating Income (Loss) ($29.7m) $70.6m $86.0m $40.1m $107.7m $116.1m $132.1m $110.5m $124.0m $153.3m
Additional Financial Items
Amortization of Intangible Assets $28.2m $33.1m $36.0m $48.1m $27.9m $46.9m $68.9m $96.6m $94.5m $145.5m
Foreign Currency Transaction Gain (Loss), before Tax ($2.2m) ($1.3m) ($3.1m) ($2.8m) ($2.4m) ($1.3m) ($500k) ($2.6m) ($2.5m) ($2.6m)
Goodwill, Impairment Loss $92.0m $0 $0 $0 $0 $0 $0 $0 $0
Income (Loss) from Continuing Operations before Income Taxes, Domestic $78.5m $77.4m $75.7m ($11.8m) $83.3m $80.5m $103.9m $70.7m $73.7m $59.9m
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest ($35.3m) $65.6m $79.0m $28.5m $96.6m $95.5m $117.3m $79.7m $94.3m $81.6m
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent ($55.7m) $37.4m $63.5m $26.4m $79.7m $78.4m $95.1m $70.2m $68.4m $73.1m
Net Income (Loss) Attributable to Parent ($55.7m) $37.4m $63.5m $26.4m $79.7m $78.4m $95.1m $70.2m $68.4m $73.1m
Net Income (Loss) Available to Common Stockholders, Basic ($55.7m) $37.4m $63.5m $26.4m $79.7m $78.4m $95.1m $70.2m $68.4m $73.1m
Earnings Per Share, Basic ($1.13) $0.78 $1.39 $0.59 $1.78 $1.79 $2.19 $1.62 $1.58 $1.70
Earnings Per Share, Diluted ($1.13) $0.77 $1.38 $0.58 $1.76 $1.76 $2.15 $1.57 $1.54 $1.66
Common Stock, Dividends, Per Share, Declared $0.12 $0.52 $0.57 $0.63 $0.67 $0.70 $0.70 $0.70 $0.53 $0.00
Weighted Average Number of Shares Outstanding, Basic 49.5m 48.1m 45.6m 44.8m 44.9m 43.9m 43.5m 43.5m 43.3m 43.0m
Weighted Average Number of Shares Outstanding, Diluted 49.5m 48.5m 46.1m 45.3m 45.3m 44.6m 44.2m 44.7m 44.4m 44.0m
Other income (expense):
Selling and Marketing Expense $121.5m $96.3m $93.0m $101.7m $100.1m $125.9m $140.8m $156.1m $164.6m $211.0m
General and Administrative Expense $46.5m $45.7m $49.0m $53.4m $54.0m $65.1m $77.9m $83.2m $89.5m $108.2m
Other Nonoperating Income (Expense) $839k $921k $1.2m $1.1m $1.5m $777k $1.4m $2.5m $4.7m $1.8m
Interest Expense (non-operating) $32.0m $70.8m
Business Combination, Acquisition Related Costs $1.2m $1.5m $258k $1.7m $3.6m $4.1m $4.6m $4.7m $17.1m $5.3m
Current Income Tax Expense (Benefit) $19.1m $27.7m $13.5m $17.0m $19.5m $18.0m $29.8m $38.1m $33.6m $31.9m
Interest Expense $4.2m $4.6m $5.1m $9.9m $10.2m $20.0m $15.8m $30.8m $32.0m $70.8m
Interest Expense, Debt $10.5m $5.7m $5.7m
Operating Lease, Expense $9.6m $9.3m $8.7m
Restructuring Costs $1.7m $22.2m $2.3m $6.3m $5.9m $6.3m $900k $8.4m
Income Tax Expense (Benefit) $20.4m $28.2m $15.5m $2.1m $16.9m $17.1m $22.2m $9.5m $25.8m $8.5m
Nonoperating Income (Expense) ($5.6m) ($5.0m) ($7.0m) ($11.6m) ($11.1m) ($20.6m) ($14.9m) ($30.9m) ($29.7m) ($71.7m)