Progress Software Corporation (PRGS) — Tangible Net Worth Ratio
Progress Software Corporation (PRGS) has a Tangible Net Worth Ratio of -22.1% as of November 2025. This metric is calculated by deducting intangible assets ($584.03 Million) from net assets ($478.35 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See PRGS working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Progress Software Corporation Tangible Net Worth Ratio (1989–2025)
This chart shows how Progress Software Corporation's Tangible Net Worth Ratio has changed across 37 annual periods from 1989 to 2025. As of November 2025, the ratio stands at -22.1%, reflecting net assets of $478.35 Million with intangible assets of $584.03 Million USD. See PRGS days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Progress Software Corporation (1989–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Progress Software Corporation from 1989 to 2025, covering 37 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see Progress Software Corporation (PRGS) total market value.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | -22.1% | $478.35 Million | $584.03 Million | $2.46 Billion | ▲ +42.8 pp |
| 2024 | -64.9% | $438.79 Million | $723.57 Million | $2.53 Billion | ▼ -87.8 pp |
| 2023 | 22.9% | $459.71 Million | $354.28 Million | $1.60 Billion | ▼ -22.5 pp |
| 2022 | 45.5% | $398.50 Million | $217.35 Million | $1.41 Billion | ▲ +15.1 pp |
| 2021 | 30.4% | $412.49 Million | $287.19 Million | $1.36 Billion | ▼ -8.1 pp |
| 2020 | 38.5% | $346.01 Million | $212.75 Million | $1.04 Billion | ▼ -31.4 pp |
| 2019 | 69.9% | $330.28 Million | $99.39 Million | $881.27 Million | ▼ -11.1 pp |
| 2018 | 81.0% | $310.08 Million | $58.92 Million | $640.61 Million | ▲ +6.2 pp |
| 2017 | 74.8% | $376.08 Million | $94.89 Million | $718.72 Million | ▼ -5.4 pp |
| 2016 | 80.1% | $406.63 Million | $80.83 Million | $754.83 Million | ▲ +2.0 pp |
| 2015 | 78.2% | $522.46 Million | $114.11 Million | $877.12 Million | ▼ -18.1 pp |
| 2014 | 96.2% | $543.25 Million | $20.58 Million | $703.06 Million | ▼ -1.9 pp |
| 2013 | 98.1% | $513.65 Million | $9.95 Million | $682.19 Million | ▼ -1.1 pp |
| 2012 | 99.2% | $638.40 Million | $5.12 Million | $884.98 Million | ▲ +9.5 pp |
| 2011 | 89.7% | $622.30 Million | $64.41 Million | $865.31 Million | ▲ +1.7 pp |
| 2010 | 87.9% | $688.33 Million | $83.21 Million | $936.82 Million | ▲ +3.5 pp |
| 2009 | 84.4% | $555.45 Million | $86.39 Million | $798.85 Million | ▲ +7.1 pp |
| 2008 | 77.4% | $481.45 Million | $108.87 Million | $752.37 Million | ▼ -11.0 pp |
| 2007 | 88.4% | $517.87 Million | $59.93 Million | $761.83 Million | ▲ +5.3 pp |
| 2006 | 83.1% | $444.56 Million | $75.07 Million | $670.24 Million | ▲ +17.7 pp |
| 2005 | 65.4% | $381.66 Million | $132.19 Million | $566.84 Million | ▼ -19.3 pp |
| 2004 | 84.7% | $266.98 Million | $40.83 Million | $446.81 Million | ▼ -5.6 pp |
| 2003 | 90.3% | $222.04 Million | $21.53 Million | $367.77 Million | ▼ -6.9 pp |
| 2002 | 97.2% | $172.96 Million | $4.90 Million | $290.17 Million | ▼ -2.8 pp |
| 2001 | 100.0% | $185.18 Million | $0.00 | $299.38 Million | ▲ +0.0 pp |
| 2000 | 100.0% | $166.81 Million | $0.00 | $278.81 Million | ▲ +0.0 pp |
| 1999 | 100.0% | $142.30 Million | $0.00 | $256.60 Million | ▲ +0.0 pp |
| 1998 | 100.0% | $102.90 Million | $0.00 | $206.70 Million | ▲ +0.0 pp |
| 1997 | 100.0% | $96.70 Million | $0.00 | $171.70 Million | ▲ +0.0 pp |
| 1996 | 100.0% | $114.00 Million | $0.00 | $173.20 Million | ▲ +0.0 pp |
| 1995 | 100.0% | $114.10 Million | $0.00 | $175.70 Million | ▲ +0.0 pp |
| 1994 | 100.0% | $88.50 Million | $0.00 | $134.60 Million | ▲ +0.0 pp |
| 1993 | 100.0% | $69.90 Million | $0.00 | $107.80 Million | ▲ +0.0 pp |
| 1992 | 100.0% | $53.20 Million | $0.00 | $81.40 Million | ▲ +0.3 pp |
| 1991 | 99.7% | $39.40 Million | $100.00K | $60.30 Million | ▲ +1.3 pp |
| 1990 | 98.4% | $12.90 Million | $200.00K | $27.80 Million | ▲ +3.4 pp |
| 1989 | 95.0% | $8.00 Million | $400.00K | $17.10 Million | — |