Progress Software Quick Ratio (PRGS) starting from the third quarter 2026 to third quarter 2025, Financial Strength Trends, Rankings, Financial Ratios - CSIMarket
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Progress Software Corp  (NASDAQ: PRGS)
    Sector • Technology    Industry • Software & Programming
   Industry • Software & Programming
   Sector • Technology

Progress Software's Quick Ratio

PRGS's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


Progress Software's Cash & cash equivalent grew by 10.37 % in the Q3 2026 sequentially, while Current Liabilities decreased, this led to improvement in Progress Software's Quick Ratio to 0.27, Quick Ratio remained below Progress Software Corp average.

Within Software & Programming industry 151 other companies have achieved higher Quick Ratio than Progress Software in third quarter 2026. While Quick Ratio total ranking in the third quarter 2026 has deteriorated compared to the prior quarter from 3030 to 3140.

Explain Quick Ratio?
How much Cash & cash equivalents PRGS´s has?
What are PRGS´s Current Liabilities?



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PRGS Quick Ratio (Aug 31 2026)
Q3		 (May 31 2026)
Q2 		(Feb 28 2026)
Q1 		(Nov 30 2025)
Q4 		(Aug 31 2025)
Q3
Y / Y Current Liabilities Change -46.14 %
Y / Y Cash & cash equivalent Change 14.79 %
Quick Ratio MRQ 0.27
PRGS's Total Ranking # 3140
Seq. Current Liabilities Change -0.34 %
Seq. Cash & cash equivalent Change 10.37 %



Quick Ratio third quarter 2026 Company Ranking
Within: No.
Software & Programming Industry # 152
Technology Sector # 492
Overall Market # 3140


Quick Ratio Statistics
High Average Low
3.37 0.8 0
(Aug 31 2011)   (Aug 31 2022)




Financial Statements
Progress Software's Current Liabilities $ 415 Millions Visit PRGS's Balance sheet
Progress Software's Cash & cash equivalent $ 114 Millions Visit PRGS's Balance sheet
Source of PRGS's Sales Visit PRGS's Sales by Geography


Cumulative Progress Software's Quick Ratio

PRGS's Quick Ratio for the trailling 12 Months

PRGS Quick Ratio

 (Aug 31 2026)
12 Months		 (May 31 2026)
12 Months 		(Feb 28 2026)
12 Months 		(Nov 30 2025)
12 Months 		(Aug 31 2025)
12 Months
Y / Y Current Liabilities TTM Growth 1 %
Y / Y Cash & cash equivalent TTM Growth -4.21 %
Quick Ratio TTM 0.17
Total Ranking TTM # 4100
Seq. Current Liabilities TTM Growth -12.76 %
Seq. Cash & cash equivalent TTM Growth 3.57 %

Quick ratio ranking by company, industry and sector >> Back to PRGS Financial Strength Comparisons >> Go to Compare PRGS Quick Ratio to its Competitors

On the trailing twelve months basis PRGS Cash & cash equivalent increased by 14.79 % in Q3 2026 year on year, while Current Liabilities decreased to $415 millions, this led to increase in in Progress Software's Quick Ratio to 0.17, Quick Ratio remained below PRGS average.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Software & Programming industry 179 other companies have achieved higher Quick Ratio than Progress Software. While Quick Ratio overall ranking has improved so far to 4100, from total ranking during the twelve months ending second quarter 2026 at 4107.

Explain Quick Ratio?
How much Cash & cash equivalents PRGS´s has?
What are PRGS´s Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Software & Programming Industry # 180
Technology Sector # 622
Within the Market # 4100


trailing twelve months Quick Ratio Statistics
High Average Low
1.51 0.78 0.1
(Nov 30 2014)   (May 31 2023)




Companies with similar Quick Ratio in the quarter ending Aug 31 2026, within Software & Programming Industry Quick RatioAug 31 2026 MRQ Cash & cash equivalentAug 31 2026 MRQ Current Liabilities
Audioeye Inc  0.72 $ 9.327  Millions$ 12.999  Millions
Tyler Technologies Inc   0.71 $ 880.166  Millions$ 1,247.583  Millions
Cadence Design Systems Inc   0.65 $ 1,615.450  Millions$ 2,466.479  Millions
Rapid7 Inc   0.65 $ 731.567  Millions$ 1,128.933  Millions
Amplitude Inc   0.64 $ 140.516  Millions$ 219.558  Millions
Tenable Holdings Inc   0.64 $ 495.261  Millions$ 778.916  Millions
Procore Technologies Inc   0.62 $ 613.869  Millions$ 983.346  Millions
Cxapp Inc   0.58 $ 8.986  Millions$ 15.506  Millions
Xperi Inc   0.58 $ 87.026  Millions$ 150.884  Millions
Take two Interactive Software Inc   0.56 $ 1,673.600  Millions$ 2,974.000  Millions
Teradata Corporation  0.56 $ 432.000  Millions$ 777.000  Millions
Smith Micro Software Inc   0.55 $ 2.369  Millions$ 4.306  Millions
N able Inc   0.55 $ 92.480  Millions$ 168.974  Millions
Inspired Entertainment Inc   0.51 $ 35.300  Millions$ 69.800  Millions
Datadog Inc   0.50 $ 881.230  Millions$ 1,776.337  Millions
Workiva Inc  0.48 $ 333.770  Millions$ 688.828  Millions
Adobe Inc   0.47 $ 5,640.000  Millions$ 11,888.000  Millions
Paylocity Holding Corporation  0.45 $ 1,396.547  Millions$ 3,095.517  Millions
Q2 Holdings Inc   0.44 $ 122.991  Millions$ 278.976  Millions
Intellinetics Inc   0.44 $ 2.851  Millions$ 6.519  Millions
Sprout Social Inc   0.43 $ 103.733  Millions$ 238.649  Millions
Dirtt Environmental Solutions Ltd  0.43 $ 19.259  Millions$ 44.635  Millions
Intapp Inc   0.42 $ 147.694  Millions$ 349.575  Millions
Octave Intelligence Plc  0.42 $ 296.993  Millions$ 706.485  Millions
Manhattan Associates Inc   0.42 $ 199.449  Millions$ 480.095  Millions
Vertex Inc   0.37 $ 217.797  Millions$ 593.458  Millions
Upland Software Inc   0.36 $ 28.913  Millions$ 79.222  Millions
Atlassian Corporation  0.36 $ 1,120.504  Millions$ 3,128.634  Millions
Upay Inc   0.35 $ 0.117  Millions$ 0.339  Millions
Aci Worldwide Inc   0.29 $ 218.780  Millions$ 761.089  Millions

Date modified: 2026-10-05T11:03:42+00:00



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