Progress Historical Income Statement

PRGS Stock

USD 68.41 0.85 1.26%

Historical analysis of Progress Software income statement accounts such as Other Operating Expenses of 304.2 M, Operating Income of 133.5 M, EBIT of 72.8 M or Ebitda of 92.4 M can show how well Progress Software performed in making a profits. Evaluating Progress Software income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Progress Software's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining Progress Software latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Progress Software is a good buy for the upcoming year.

Net Income Gross Profit

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Progress Software. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

For more information on how to buy Progress Stock please use our How to Invest in Progress Software guide.

About Progress Income Statement Analysis

Progress Software Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Progress Software shareholders. The income statement also shows Progress investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Progress Software Income Statement Chart

At this time, Progress Software's Selling General Administrative is comparatively stable compared to the past year. Research Development is likely to gain to about 159.9 M in 2024, whereas EBIT is likely to drop slightly above 72.8 M in 2024.

Total Revenue Gross Profit Other Operating Expenses Ebitda Reconciled Depreciation

Total Revenue

Total revenue comprises all receipts Progress Software generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Progress Software minus its cost of goods sold. It is profit before Progress Software operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Progress Software. It is also known as Progress Software overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Most accounts from Progress Software's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Progress Software current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Progress Software. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

For more information on how to buy Progress Stock please use our How to Invest in Progress Software guide.At this time, Progress Software's Selling General Administrative is comparatively stable compared to the past year. Research Development is likely to gain to about 159.9 M in 2024, whereas EBIT is likely to drop slightly above 72.8 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	15.8M	30.8M	35.4M	37.2M
Depreciation And Amortization	81.7M	103.1M	118.6M	124.6M

Interest Expense Depreciation And Amortization

Progress Software income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Research Development	Selling And Marketing Expenses	Net Income From Continuing Ops	Non Recurring	Non Operating Income Net Other	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Extraordinary Items
Depreciation And Amortization		0.96	0.89	0.88	0.66	0.69	0.02	0.2	0.9	0.62	0.48	0.11	0.6	-0.18	0.61	0.9	0.29	0.53	-0.39	0.33	-0.42	0.17	-0.95	0.82	-0.68
Interest Expense	0.96		0.92	0.9	0.67	0.69	0.13	0.21	0.96	0.62	0.38	-0.05	0.53	-0.28	0.54	0.93	0.19	0.44	-0.36	0.25	-0.58	0.1	-0.97	0.84	-0.73
Total Revenue	0.89	0.92		1.0	0.82	0.71	0.35	0.42	0.95	0.8	0.45	-0.14	0.54	0.03	0.24	0.98	-0.09	0.35	-0.36	-0.02	-0.47	-0.01	-0.87	0.76	-0.67
Gross Profit	0.88	0.9	1.0		0.82	0.72	0.36	0.45	0.93	0.81	0.48	-0.13	0.57	0.08	0.2	0.97	-0.13	0.35	-0.37	-0.07	-0.45	-0.02	-0.85	0.74	-0.65
Other Operating Expenses	0.66	0.67	0.82	0.82		0.57	0.55	0.61	0.74	0.99	0.49	-0.23	0.4	0.08	-0.02	0.8	0.0	0.29	-0.28	-0.12	-0.42	0.0	-0.69	0.77	-0.18
Operating Income	0.69	0.69	0.71	0.72	0.57		0.2	0.39	0.63	0.56	0.84	0.28	0.9	-0.06	0.22	0.65	-0.2	0.82	-0.79	-0.12	-0.47	-0.04	-0.7	0.56	-0.41
Ebit	0.02	0.13	0.35	0.36	0.55	0.2		0.88	0.27	0.56	0.12	-0.7	-0.03	0.24	-0.55	0.34	-0.42	-0.13	0.25	-0.59	-0.19	-0.6	-0.11	0.18	0.13
Ebitda	0.2	0.21	0.42	0.45	0.61	0.39	0.88		0.31	0.64	0.35	-0.49	0.19	0.29	-0.38	0.41	-0.31	0.12	0.1	-0.46	-0.09	-0.68	-0.22	0.19	0.12
Cost Of Revenue	0.9	0.96	0.95	0.93	0.74	0.63	0.27	0.31		0.68	0.31	-0.18	0.42	-0.18	0.4	0.98	0.07	0.3	-0.29	0.19	-0.54	0.01	-0.89	0.81	-0.73
Total Operating Expenses	0.62	0.62	0.8	0.81	0.99	0.56	0.56	0.64	0.68		0.5	-0.23	0.41	0.17	-0.1	0.76	-0.08	0.27	-0.28	-0.19	-0.37	-0.03	-0.63	0.7	-0.15
Income Before Tax	0.48	0.38	0.45	0.48	0.49	0.84	0.12	0.35	0.31	0.5		0.56	0.92	0.23	0.07	0.35	-0.14	0.9	-0.77	-0.19	-0.08	0.06	-0.44	0.4	-0.05
Total Other Income Expense Net	0.11	-0.05	-0.14	-0.13	-0.23	0.28	-0.7	-0.49	-0.18	-0.23	0.56		0.57	0.12	0.35	-0.22	0.16	0.66	-0.65	0.29	0.33	0.46	0.0	-0.05	-0.01
Net Income	0.6	0.53	0.54	0.57	0.4	0.9	-0.03	0.19	0.42	0.41	0.92	0.57		0.07	0.27	0.43	-0.14	0.9	-0.82	-0.07	-0.21	0.13	-0.56	0.43	-0.32
Income Tax Expense	-0.18	-0.28	0.03	0.08	0.08	-0.06	0.24	0.29	-0.18	0.17	0.23	0.12	0.07		-0.56	-0.07	-0.52	-0.14	0.04	-0.52	0.7	-0.16	0.31	-0.32	0.11
Selling General Administrative	0.61	0.54	0.24	0.2	-0.02	0.22	-0.55	-0.38	0.4	-0.1	0.07	0.35	0.27	-0.56		0.29	0.77	0.42	-0.2	0.84	-0.2	0.39	-0.58	0.51	-0.44
Research Development	0.9	0.93	0.98	0.97	0.8	0.65	0.34	0.41	0.98	0.76	0.35	-0.22	0.43	-0.07	0.29		-0.02	0.28	-0.27	0.07	-0.52	-0.05	-0.87	0.76	-0.68
Selling And Marketing Expenses	0.29	0.19	-0.09	-0.13	0.0	-0.2	-0.42	-0.31	0.07	-0.08	-0.14	0.16	-0.14	-0.52	0.77	-0.02		0.14	0.17	0.79	-0.04	0.44	-0.3	0.44	0.08
Net Income From Continuing Ops	0.53	0.44	0.35	0.35	0.29	0.82	-0.13	0.12	0.3	0.27	0.9	0.66	0.9	-0.14	0.42	0.28	0.14		-0.77	0.12	-0.19	0.15	-0.51	0.45	-0.13
Non Recurring	-0.39	-0.36	-0.36	-0.37	-0.28	-0.79	0.25	0.1	-0.29	-0.28	-0.77	-0.65	-0.82	0.04	-0.2	-0.27	0.17	-0.77		-0.02	0.29	-0.31	0.39	-0.32	0.21
Non Operating Income Net Other	0.33	0.25	-0.02	-0.07	-0.12	-0.12	-0.59	-0.46	0.19	-0.19	-0.19	0.29	-0.07	-0.52	0.84	0.07	0.79	0.12	-0.02		0.01	0.37	-0.27	0.3	-0.22
Tax Provision	-0.42	-0.58	-0.47	-0.45	-0.42	-0.47	-0.19	-0.09	-0.54	-0.37	-0.08	0.33	-0.21	0.7	-0.2	-0.52	-0.04	-0.19	0.29	0.01		-0.09	0.58	-0.56	0.31
Interest Income	0.17	0.1	-0.01	-0.02	0.0	-0.04	-0.6	-0.68	0.01	-0.03	0.06	0.46	0.13	-0.16	0.39	-0.05	0.44	0.15	-0.31	0.37	-0.09		-0.14	0.35	-0.12
Net Interest Income	-0.95	-0.97	-0.87	-0.85	-0.69	-0.7	-0.11	-0.22	-0.89	-0.63	-0.44	0.0	-0.56	0.31	-0.58	-0.87	-0.3	-0.51	0.39	-0.27	0.58	-0.14		-0.87	0.58
Reconciled Depreciation	0.82	0.84	0.76	0.74	0.77	0.56	0.18	0.19	0.81	0.7	0.4	-0.05	0.43	-0.32	0.51	0.76	0.44	0.45	-0.32	0.3	-0.56	0.35	-0.87		-0.41
Extraordinary Items	-0.68	-0.73	-0.67	-0.65	-0.18	-0.41	0.13	0.12	-0.73	-0.15	-0.05	-0.01	-0.32	0.11	-0.44	-0.68	0.08	-0.13	0.21	-0.22	0.31	-0.12	0.58	-0.41

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Progress Software Account Relationship Matchups

Progress Software income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	42.7M	63.4M	81.7M	103.1M	118.6M	124.6M
Interest Expense	10.2M	20.0M	15.8M	30.8M	35.4M	37.2M
Total Revenue	442.2M	531.3M	602.0M	694.4M	798.6M	838.5M
Gross Profit	380.0M	452.9M	507.5M	567.9M	653.0M	685.7M
Other Operating Expenses	324.9M	404.8M	475.2M	498.2M	572.9M	304.2M
Operating Income	107.7M	116.1M	132.1M	110.5M	127.1M	133.5M
Ebit	106.8M	115.6M	133.0M	110.5M	127.1M	72.8M
Ebitda	149.5M	178.9M	214.8M	110.5M	127.1M	92.4M
Cost Of Revenue	62.1M	78.4M	94.5M	126.6M	145.6M	152.8M
Total Operating Expenses	262.8M	326.4M	380.7M	371.6M	427.4M	238.9M
Income Before Tax	96.6M	95.5M	117.3M	79.7M	91.6M	49.7M
Total Other Income Expense Net	(11.1M)	(20.6M)	(14.9M)	(30.9M)	(27.8M)	(26.4M)
Net Income	79.7M	78.4M	95.1M	70.2M	80.7M	84.8M
Income Tax Expense	16.9M	17.1M	22.2M	9.5M	10.9M	15.9M
Selling General Administrative	54.0M	65.1M	77.9M	83.2M	74.8M	86.9M
Research Development	88.6M	103.3M	114.6M	132.4M	152.3M	159.9M
Net Income Applicable To Common Shares	26.4M	79.7M	78.4M	95.1M	109.3M	114.8M
Selling And Marketing Expenses	100.1M	125.9M	140.8M	156.1M	140.5M	102.5M
Net Income From Continuing Ops	79.7M	78.4M	95.1M	70.2M	80.7M	48.3M
Tax Provision	16.9M	17.1M	22.2M	9.5M	8.5M	13.6M
Interest Income	1.5M	777K	1.4M	2.5M	2.9M	1.6M
Net Interest Income	(8.7M)	(19.3M)	(14.4M)	(28.2M)	(25.4M)	(24.1M)
Reconciled Depreciation	34.8M	61.2M	76.8M	103.1M	118.6M	66.0M

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Progress Historical Income Statement

About Progress Income Statement Analysis

Progress Software Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Progress Software income statement Correlations

Progress Software Account Relationship Matchups

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Progress Software income statement Accounts

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Gross Profit	+ 1.0	Total Revenue
Total Operating Expenses	+ 0.99	Other Operating Expenses
Research Development	+ 0.98	Total Revenue
Research Development	+ 0.98	Cost Of Revenue
Research Development	+ 0.97	Gross Profit
Interest Expense	+ 0.96	Depreciation And Amortization

Net Interest Income	- 0.97	Interest Expense
Net Interest Income	- 0.95	Depreciation And Amortization
Net Interest Income	- 0.89	Cost Of Revenue
Reconciled Depreciation	- 0.87	Net Interest Income
Net Interest Income	- 0.87	Research Development
Net Interest Income	- 0.87	Total Revenue