Progress Software Corp's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the second quarter 2026 to a ratio of 6.47, this is below the company average, and notable indication of worsening business environment. Average receivable collection period, for the Progress Software in May 31 2026 quarter, has decreased to 56 days, compared to 59 days, in the Feb 28 2026 quarter.

If we take a look into Technology sector 253 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending May 31 2026 from 1942 to 2102.

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What is Progress Software Corp Selling?

What is Receivable Turnover Ratio?

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PRGS Receivables Turnover Ratio	(May 31 2026) II. Quarter	(Feb 28 2026) I. Quarter	(Nov 30 2025) IV. Quarter	(Aug 31 2025) III. Quarter	(May 31 2025) II. Quarter
Y / Y Receivable Change	-10.64 %	16.81 %	19.69 %	72.71 %	70.15 %
Y / Y Revenue Change	6.92 %	3.85 %	17.51 %	39.55 %	35.46 %
Receivable Turnover Ratio (TTM)	6.47	6.21	6.37	6.46	6.71
PRGS's Total Ranking	# 2102	# 1942	# 57	# 1749	# 36
Accounts Receivable average collection period days	56	59	57	56	54
Seq. Receivable Change	-15.18 %	-24.6 %	29.29 %	8.07 %	10.89 %
Seq. Revenue Change	2.64 %	-2.45 %	1.56 %	5.14 %	-0.3 %

Receivable Turnover Company Ranking
Within:	No.
Software & Programming Industry	# 83
Technology Sector	# 254
Overall Market	# 2102

Receivable Turnover Ratio Statistics
High	Average	Low
7.92	6.82	5.3
(Nov 30 2018)		(Aug 31 2014)

PRGS Company Profile • Back to PRGS Efficiency Comparisons • Compare PRGS Receivables Turnover Ratio to its Competitors

Financial Statements
Progress Software's Accounts Receivable	$ 125 Millions	Visit PRGS's Balance sheet
Progress Software's Sales TTM	$ 1,003 Millions	Visit PRGS's Income Statement
Sources of PRGS's Revenues		Visit PRGS's Sales by Geography

Other Accounts Receivable Turnover Ratios
Software & Programming Industry Accounts Receivable Turnover Trends and Statistics
Technology Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
PRGS's Receivable Turnover Ratio versus Software & Programming Industry, Technology Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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PRGS's Valuation Ratios	PRGS's Roe	PRGS's Financial Strength Ratios	PRGS's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending May 31 2026, within Technology Sector	Receivable Turnover Ratio	Revenues for 12 Months ending May 31 2026	Receivable at quarter ending May 31 2026
Applied Digital Corporation	21.10	$ 576.191 Millions	$ 27.310 Millions
Kwikclick Inc	18.70	$ 2.497 Millions	$ 0.134 Millions
Kustom Entertainment Inc	18.56	$ 16.590 Millions	$ 0.894 Millions
Trump Media and Technology Group Corp	18.21	$ 5.011 Millions	$ 0.275 Millions
Upay Inc	17.85	$ 0.802 Millions	$ 0.045 Millions
Sonos Inc	17.30	$ 1,489.160 Millions	$ 86.099 Millions
BioScience Health Innovations, Inc.	16.71	$ 4.491 Millions	$ 0.269 Millions
Scworx Corp	16.65	$ 44.145 Millions	$ 2.652 Millions
Banzai International Inc	16.26	$ 10.489 Millions	$ 0.645 Millions
Onfolio Holdings Inc	15.61	$ 8.134 Millions	$ 0.521 Millions
Tucows Inc	15.25	$ 393.999 Millions	$ 25.835 Millions
Consensus Cloud Solutions Inc	14.46	$ 353.858 Millions	$ 24.472 Millions
Kodiak Ai Inc	14.06	$ 9.126 Millions	$ 0.649 Millions
Intapp Inc	12.96	$ 577.013 Millions	$ 44.521 Millions
Q2 Holdings Inc	12.72	$ 846.808 Millions	$ 66.576 Millions
Blackbaud Inc	12.02	$ 1,148.853 Millions	$ 95.544 Millions
T1 Energy Inc	12.00	$ 985.856 Millions	$ 82.128 Millions
My Size Inc	11.97	$ 10.584 Millions	$ 0.884 Millions
Adobe Inc	11.83	$ 25,198.000 Millions	$ 2,130.500 Millions
Bnb Plus Corp	11.64	$ 2.394 Millions	$ 0.206 Millions
Ichor Holdings Ltd	11.49	$ 1,013.093 Millions	$ 88.158 Millions
Maxlinear Inc	11.42	$ 568.189 Millions	$ 49.737 Millions
Tuatara Capital Acquisition Corp	11.23	$ 21.354 Millions	$ 1.901 Millions
Bridgeline Digital Inc	10.88	$ 15.572 Millions	$ 1.432 Millions
Electronic Arts Inc	10.78	$ 7,846.000 Millions	$ 728.000 Millions
Mercury Systems Inc	10.72	$ 983.622 Millions	$ 91.751 Millions
N able Inc	10.62	$ 534.452 Millions	$ 50.334 Millions
Bk Technologies Corp	10.56	$ 90.142 Millions	$ 8.538 Millions
Mobileye Global inc	10.53	$ 2,016.000 Millions	$ 191.500 Millions
Clearsign Technologies Corporation	10.44	$ 5.451 Millions	$ 0.522 Millions

Date modified: 2026-07-06T19:36:58+00:00

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