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Progress Software: Quarterly Financial Report May 2025

30 Jun 2025

Description

This Quarterly Financial Report for Progress Software Corporation, filed as a Form 10-Q with the SEC, provides a detailed overview of the company's financial performance for the period ending May 31, 2025. It includes unaudited condensed consolidated financial statements, such as balance sheets, income statements, and cash flow statements, along with notes to these statements that clarify accounting policies and significant estimates. The report also features Management’s Discussion and Analysis of Financial Condition and Results of Operations, offering insights into revenue trends, expenses, and the impact of the ShareFile acquisition and the MOVEit Vulnerability. Furthermore, it covers aspects like debt obligations, share repurchase programs, dividends, and risk factors, ensuring transparency for investors.

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