Progress Software Corporation
Progress Software Corporation provides software products that develops, deploys, and manages artificial intelligence (AI) powered applications and digital experiences in the United States and internationally. The company offers Agentic RAG, a next-generation Agentic Rag-as-a-Service platform; Automate MFT, a cloud-native Software-as-a-Service (SaaS) platform for automated and secure file transfer… Read more
Progress Software Corporation (PRGS) - Net Assets
Latest net assets as of November 2025: $478.35 Million USD
Based on the latest financial reports, Progress Software Corporation (PRGS) has net assets worth $478.35 Million USD as of November 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.46 Billion) and total liabilities ($1.98 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $478.35 Million |
| % of Total Assets | 19.46% |
| Annual Growth Rate | 12.03% |
| 5-Year Change | 15.97% |
| 10-Year Change | 17.64% |
| Growth Volatility | 37.07 |
Progress Software Corporation - Net Assets Trend (1989–2025)
This chart illustrates how Progress Software Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Progress Software Corporation (1989–2025)
The table below shows the annual net assets of Progress Software Corporation from 1989 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-11-30 | $478.35 Million | +9.02% |
| 2024-11-30 | $438.79 Million | -4.55% |
| 2023-11-30 | $459.71 Million | +15.36% |
| 2022-11-30 | $398.50 Million | -3.39% |
| 2021-11-30 | $412.49 Million | +19.21% |
| 2020-11-30 | $346.01 Million | +4.76% |
| 2019-11-30 | $330.28 Million | +6.51% |
| 2018-11-30 | $310.08 Million | -17.55% |
| 2017-11-30 | $376.08 Million | -7.51% |
| 2016-11-30 | $406.63 Million | -22.17% |
| 2015-11-30 | $522.46 Million | -3.83% |
| 2014-11-30 | $543.25 Million | +5.76% |
| 2013-11-30 | $513.65 Million | -19.54% |
| 2012-11-30 | $638.40 Million | +2.59% |
| 2011-11-30 | $622.30 Million | -9.59% |
| 2010-11-30 | $688.33 Million | +23.92% |
| 2009-11-30 | $555.45 Million | +15.37% |
| 2008-11-30 | $481.45 Million | -7.03% |
| 2007-11-30 | $517.87 Million | +16.49% |
| 2006-11-30 | $444.56 Million | +16.48% |
| 2005-11-30 | $381.66 Million | +42.96% |
| 2004-11-30 | $266.98 Million | +20.24% |
| 2003-11-30 | $222.04 Million | +28.37% |
| 2002-11-30 | $172.96 Million | -6.60% |
| 2001-11-30 | $185.18 Million | +11.01% |
| 2000-11-30 | $166.81 Million | +17.23% |
| 1999-11-30 | $142.30 Million | +38.29% |
| 1998-11-30 | $102.90 Million | +6.41% |
| 1997-11-30 | $96.70 Million | -15.18% |
| 1996-11-30 | $114.00 Million | -0.09% |
| 1995-11-30 | $114.10 Million | +28.93% |
| 1994-11-30 | $88.50 Million | +26.61% |
| 1993-11-30 | $69.90 Million | +31.39% |
| 1992-11-30 | $53.20 Million | +35.03% |
| 1991-11-30 | $39.40 Million | +205.43% |
| 1990-11-30 | $12.90 Million | +61.25% |
| 1989-11-30 | $8.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Progress Software Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 3759.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (November 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $127.37 Million | 26.63% |
| Common Stock | $423.00K | 0.09% |
| Other Comprehensive Income | $-33.14 Million | -6.93% |
| Other Components | $383.70 Million | 80.21% |
| Total Equity | $478.35 Million | 100.00% |
Progress Software Corporation Competitors by Market Cap
The table below lists competitors of Progress Software Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CTS Corporation
NYSE:CTS
|
$1.33 Billion |
|
Zhende Medical Co Ltd
SHG:603301
|
$1.33 Billion |
|
Burkhalter Holding AG
SW:BRKN
|
$1.33 Billion |
|
Lucid Group Inc
NASDAQ:LCID
|
$1.33 Billion |
|
Zotye Automobile Co Ltd
SHE:000980
|
$1.33 Billion |
|
Everdisplay Optronics Shanghai Co Ltd
SHG:688538
|
$1.33 Billion |
|
Wolverine World Wide Inc
NYSE:WWW
|
$1.33 Billion |
|
JetBlue Airways Corp
NASDAQ:JBLU
|
$1.33 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Progress Software Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 438,788,000 to 478,349,000, a change of 39,561,000 (9.0%).
- Net income of 73,133,000 contributed positively to equity growth.
- Dividend payments of 786,000 reduced retained earnings.
- Share repurchases of 105,156,000 reduced equity.
- New share issuances of 18,968,000 increased equity.
- Other comprehensive income increased equity by 3,066,000.
- Other factors increased equity by 50,336,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $73.13 Million | +15.29% |
| Dividends Paid | $786.00K | -0.16% |
| Share Repurchases | $105.16 Million | -21.98% |
| Share Issuances | $18.97 Million | +3.97% |
| Other Comprehensive Income | $3.07 Million | +0.64% |
| Other Changes | $50.34 Million | +10.52% |
| Total Change | $- | 9.02% |
Book Value vs Market Value Analysis
This analysis compares Progress Software Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.95x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 165.31x to 2.95x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1989-11-30 | $0.19 | $32.06 | x |
| 1990-11-30 | $0.29 | $32.06 | x |
| 1991-11-30 | $0.78 | $32.06 | x |
| 1992-11-30 | $0.96 | $32.06 | x |
| 1993-11-30 | $1.23 | $32.06 | x |
| 1994-11-30 | $1.52 | $32.06 | x |
| 1995-11-30 | $1.86 | $32.06 | x |
| 1996-11-30 | $1.90 | $32.06 | x |
| 1997-11-30 | $1.77 | $32.06 | x |
| 1998-11-30 | $1.78 | $32.06 | x |
| 1999-11-30 | $2.42 | $32.06 | x |
| 2000-11-30 | $2.81 | $32.06 | x |
| 2001-11-30 | $3.21 | $32.06 | x |
| 2002-11-30 | $3.02 | $32.06 | x |
| 2003-11-30 | $3.55 | $32.06 | x |
| 2004-11-30 | $4.21 | $32.06 | x |
| 2005-11-30 | $6.14 | $32.06 | x |
| 2006-11-30 | $6.85 | $32.06 | x |
| 2007-11-30 | $7.86 | $32.06 | x |
| 2008-11-30 | $7.52 | $32.06 | x |
| 2009-11-30 | $9.02 | $32.06 | x |
| 2010-11-30 | $10.40 | $32.06 | x |
| 2011-11-30 | $9.21 | $32.06 | x |
| 2012-11-30 | $10.02 | $32.06 | x |
| 2013-11-30 | $9.28 | $32.06 | x |
| 2014-11-30 | $10.56 | $32.06 | x |
| 2015-11-30 | $10.37 | $32.06 | x |
| 2016-11-30 | $8.22 | $32.06 | x |
| 2017-11-30 | $7.75 | $32.06 | x |
| 2018-11-30 | $6.72 | $32.06 | x |
| 2019-11-30 | $7.28 | $32.06 | x |
| 2020-11-30 | $7.63 | $32.06 | x |
| 2021-11-30 | $9.24 | $32.06 | x |
| 2022-11-30 | $9.01 | $32.06 | x |
| 2023-11-30 | $10.29 | $32.06 | x |
| 2024-11-30 | $9.88 | $32.06 | x |
| 2025-11-30 | $10.87 | $32.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Progress Software Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 15.29%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.48%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 5.14x
- Recent ROE (15.29%) is above the historical average (13.01%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | 27.50% | 8.66% | 1.49x | 2.14x | $1.40 Million |
| 1990 | 29.46% | 9.48% | 1.44x | 2.16x | $2.51 Million |
| 1991 | 15.48% | 10.46% | 0.97x | 1.53x | $2.16 Million |
| 1992 | 18.05% | 11.28% | 1.05x | 1.53x | $4.28 Million |
| 1993 | 18.45% | 11.56% | 1.04x | 1.54x | $5.91 Million |
| 1994 | 16.27% | 10.34% | 1.03x | 1.52x | $5.55 Million |
| 1995 | 14.71% | 9.27% | 1.03x | 1.55x | $5.35 Million |
| 1996 | 4.83% | 3.11% | 1.02x | 1.52x | $-5.88 Million |
| 1997 | -1.66% | -0.85% | 1.10x | 1.78x | $-11.24 Million |
| 1998 | 22.20% | 9.50% | 1.16x | 2.01x | $12.53 Million |
| 1999 | 24.60% | 12.23% | 1.11x | 1.80x | $20.77 Million |
| 2000 | 20.17% | 12.40% | 0.97x | 1.67x | $16.97 Million |
| 2001 | 9.53% | 6.73% | 0.88x | 1.62x | $-874.60K |
| 2002 | 11.90% | 7.54% | 0.94x | 1.68x | $3.29 Million |
| 2003 | 12.19% | 8.76% | 0.84x | 1.66x | $4.87 Million |
| 2004 | 12.02% | 8.85% | 0.81x | 1.67x | $5.40 Million |
| 2005 | 12.82% | 12.07% | 0.72x | 1.49x | $10.77 Million |
| 2006 | 6.61% | 6.58% | 0.67x | 1.51x | $-15.06 Million |
| 2007 | 8.16% | 8.57% | 0.65x | 1.47x | $-9.51 Million |
| 2008 | 9.62% | 8.98% | 0.69x | 1.56x | $-1.85 Million |
| 2009 | 5.90% | 6.63% | 0.62x | 1.44x | $-22.79 Million |
| 2010 | 7.06% | 9.18% | 0.56x | 1.36x | $-20.26 Million |
| 2011 | 9.44% | 11.01% | 0.62x | 1.39x | $-3.47 Million |
| 2012 | 7.43% | 14.15% | 0.38x | 1.39x | $-16.40 Million |
| 2013 | 14.58% | 22.43% | 0.49x | 1.33x | $23.54 Million |
| 2014 | 9.10% | 14.87% | 0.47x | 1.29x | $-4.87 Million |
| 2015 | -1.68% | -2.33% | 0.43x | 1.68x | $-61.05 Million |
| 2016 | -13.70% | -13.75% | 0.54x | 1.86x | $-96.39 Million |
| 2017 | 9.95% | 9.41% | 0.55x | 1.91x | $-191.40K |
| 2018 | 20.48% | 15.99% | 0.62x | 2.07x | $32.48 Million |
| 2019 | 7.99% | 6.39% | 0.47x | 2.67x | $-6.63 Million |
| 2020 | 23.04% | 18.03% | 0.42x | 3.01x | $45.12 Million |
| 2021 | 19.01% | 14.76% | 0.39x | 3.31x | $37.17 Million |
| 2022 | 23.86% | 15.79% | 0.43x | 3.54x | $55.22 Million |
| 2023 | 15.27% | 10.11% | 0.43x | 3.49x | $24.23 Million |
| 2024 | 15.60% | 9.08% | 0.30x | 5.76x | $24.56 Million |
| 2025 | 15.29% | 7.48% | 0.40x | 5.14x | $25.30 Million |
Industry Comparison
This section compares Progress Software Corporation's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $57,400,889
- Average return on equity (ROE) among peers: -399.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Progress Software Corporation (PRGS) | $478.35 Million | 27.50% | 4.14x | $1.33 Billion |
| Automatic Bank Services Limited (ABANF) | $131.86 Million | 11.02% | 0.13x | $269.02 Million |
| ACI Worldwide Inc (ACIW) | $1.20 Million | -2791.67% | 47.83x | $3.94 Billion |
| Adyen N.V (ADYYF) | $245.83 Million | 13.67% | 2.34x | $34.24 Billion |
| Aeva Technologies, Inc. Common Stock (AEVA) | $228.44 Million | -65.37% | 0.13x | $390.34 Million |
| Aeva Technologies, Inc. Warrants (AEVAW) | $99.35 Million | -153.25% | 0.48x | $3.74 Million |
| Affluence Corporation (AFFU) | $-3.56 Million | 0.00% | 0.00x | $3.98K |
| Axe Compute Inc. (AGPU) | $2.64 Million | -979.47% | 3.94x | $2.57 Million |
| C3 Ai Inc (AI) | $-165.43 Million | 0.00% | 0.00x | $1.13 Billion |
| iLearningEngines, Inc. (AILE) | $22.26 Million | -19.80% | 1.11x | $17.39 Million |
| PowerFleet, Inc. (AIOT) | $11.41 Million | -12.13% | 0.13x | $364.77 Million |