Progress Software
Financials
Estimates*
USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
---|---|---|---|---|---|---|---|
Revenues | 442m | 531m | 602m | 694m | 730m | 752m | 778m |
% growth | 7 % | 20 % | 13 % | 15 % | 5 % | 3 % | 3 % |
EBITDA | 162m | 198m | 198m | 235m | 250m | 260m | 263m |
% EBITDA margin | 37 % | 37 % | 33 % | 34 % | 34 % | 35 % | 34 % |
Profit | 79.7m | 78.4m | 95.1m | 70.2m | 89.0m | 108m | 122m |
% profit margin | 18 % | 15 % | 16 % | 10 % | 12 % | 14 % | 16 % |
EV / revenue | 4.7x | 4.8x | 4.4x | 4.2x | 4.2x | 3.8x | 3.4x |
EV / EBITDA | 12.9x | 12.8x | 13.4x | 12.5x | 12.1x | 10.9x | 9.9x |
R&D budget | 88.6m | 103m | 115m | 132m | - | - | - |
R&D % of revenue | 20 % | 19 % | 19 % | 19 % | - | - | - |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | Early VC | ||
N/A | N/A | IPO | |
N/A | - | ||
* | N/A | $400m | Post IPO Convertible |
* | $900m | Post IPO Debt | |
Total Funding | - |
Recent News about Progress Software
EditProgress is a technology company that specializes in providing comprehensive solutions for network and security visibility, data transfer automation, and IT infrastructure management. The company serves a wide range of clients, including enterprises, federal government agencies, and public sector organizations. Operating in the IT and software market, Progress offers a suite of products designed to enhance network observability, secure data transfers, and streamline infrastructure management. Key products include Flowmon for network and security analysis, MOVEit for secure data transfers, and WhatsUp Gold for IT infrastructure monitoring. Progress generates revenue through the sale of software licenses, subscriptions, and professional services. The business model focuses on delivering scalable and flexible solutions that meet the evolving needs of its clients.
Keywords: Network Security, Data Transfer, IT Infrastructure, Observability, Automation, Compliance, Federal Solutions, Analytics, Cloud Monitoring, Enterprise Growth.