Progress Software Balance Sheet

Financials in millions USD. Fiscal year is December - November.

Millions USD. Fiscal year is Dec - Nov.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022	Nov '21 Nov 30, 2021
Cash & Equivalents	94.81	118.08	126.96	256.28	155.41
Short-Term Investments	-	-	-	-	1.97
Cash & Short-Term Investments	94.81	118.08	126.96	256.28	157.37
Cash Growth	-19.71%	-7.00%	-50.46%	62.85%	48.47%
Receivables	242.38	198.25	155.79	126.99	125.63
Inventory	-	-	-	-	3.55
Other Current Assets	62.78	52.49	48.04	42.78	51.25
Total Current Assets	399.97	368.81	330.79	426.05	337.81
Property, Plant & Equipment	39.54	44.64	33.94	32.5	39.6
Long-Term Investments	-	-	1.5	4.41	-
Goodwill	1,309	1,292	832.1	671.04	671.15
Other Intangible Assets	584.03	723.57	354.28	217.36	287.19
Long-Term Accounts Receivable	29.95	28.89	28.37	39.94	17.46
Long-Term Deferred Tax Assets	77.44	56.18	15.05	11.77	1.42
Long-Term Deferred Charges	10.4	6	-	-	-
Other Long-Term Assets	7.28	6.69	6.76	8.43	8.92
Total Assets	2,458	2,527	1,603	1,411	1,364
Accounts Payable	15.93	13.91	12.37	9.28	9.68
Accrued Expenses	101.4	99.89	70.36	59.23	64.63
Current Portion of Long-Term Debt	359.16	-	13.11	6.23	25.77
Current Portion of Leases	8.49	9.2	10.11	7.47	7.93
Current Unearned Revenue	324.75	332.14	236.09	227.67	205.02
Other Current Liabilities	-	-	10.08	8.12	9.91
Total Current Liabilities	809.73	455.15	352.12	318	322.93
Long-Term Debt	1,041	1,526	710.88	611.85	537.61
Long-Term Leases	21.08	26.26	13	15.04	23.13
Long-Term Unearned Revenue	100.33	72.27	58.95	54.77	47.36
Long-Term Deferred Tax Liabilities	1.16	2.28	3.57	4.63	14.16
Other Long-Term Liabilities	5.83	5.96	4.55	8.69	5.86
Total Liabilities	1,979	2,088	1,143	1,013	951.05
Common Stock	0.42	0.43	0.44	0.43	0.44
Additional Paid-In Capital	383.7	354.16	370.58	331.65	354.24
Retained Earnings	127.37	120.41	120.86	101.66	90.26
Comprehensive Income & Other	-33.14	-36.21	-32.16	-35.24	-32.44
Shareholders' Equity	478.35	438.79	459.72	398.5	412.49
Total Liabilities & Equity	2,458	2,527	1,603	1,411	1,364
Total Debt	1,430	1,562	747.11	640.59	594.43
Net Cash (Debt)	-1,335	-1,444	-620.15	-384.31	-437.06
Net Cash Per Share	-30.33	-32.49	-13.89	-8.69	-9.80
Filing Date Shares Outstanding	42.11	43.37	43.88	43.35	44.18
Total Common Shares Outstanding	42.34	43.36	43.8	43.26	44.15
Working Capital	-409.77	-86.33	-21.33	108.05	14.88
Book Value Per Share	11.30	10.12	10.50	9.21	9.34
Tangible Book Value	-1,415	-1,577	-726.66	-489.89	-545.85
Tangible Book Value Per Share	-33.42	-36.37	-16.59	-11.33	-12.36
Land	9.41	9.2	9.87	8.77	8.02
Machinery	51.23	48.9	50.23	46.25	49.31

Source: S&P Global Market Intelligence. Standard template. Financial Sources.