Slide 1: Q2 2026 Supplemental Information Progress Financial Results
June 30, 2026 Q2 2026 Supplemental Information Progress Financial Results
Slide 2: Forward Looking Statements
2© 2026 Progress Software Corporation and/or its subsidiaries or aff iliates. All rights reserved. Forward Looking Statements This presentation contains statements that are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of th
Slide 3: Conference Call Details
3© 2026 Progress Software Corporation and/or its subsidiaries or aff iliates. All rights reserved. Conference Call Details Please note: Webcast is listen-only. What: When: Time: Register for the Live Call: Access the Webcast: Progress Fiscal Q2 ’26 Financial Results Tuesday, June 30, 2026 5:00 p.m.
Slide 4: Summary Highlights Q2 2026
4© 2026 Progress Software Corporation and/or its subsidiaries or aff iliates. All rights reserved. Summary Highlights Q2 2026 All f igures are non-GAAP. Definitions of non-GAAP financial measures (including ARR and NRR) are found in Important Information Regarding Non-GAAP Financial Information. • R
Slide 5: Annualized Recurring Revenue Trend (Pro Forma)
5© 2026 Progress Software Corporation and/or its subsidiaries or aff iliates. All rights reserved. Annualized Recurring Revenue Trend (Pro Forma) All periods reported in constant currency, using current year budgeted exchange rates ARR growth of 2% year-over-year ShareFile included in all periods Co
Slide 6: Total Growth Strategy
6© 2026 Progress Software Corporation and/or its subsidiaries or aff iliates. All rights reserved. Total Growth Strategy Invest & Innovate Invest in our products and incorporate the latest technologies and capabilities to sustain relevance well into the future. Acquire & Integrate Disciplined M&A: p
Slide 7: Total Growth Strategy: Driving ARR Growth
7© 2026 Progress Software Corporation and/or its subsidiaries or aff iliates. All rights reserved. Total Growth Strategy: Driving ARR Growth All periods reported in constant currency, using current year budgeted exchange rates Excludes ARR values from acquisitions prior to purchase date ARR CAGR of
Slide 8: Total Growth Strategy: Driving Revenue Growth
8© 2026 Progress Software Corporation and/or its subsidiaries or aff iliates. All rights reserved. Total Growth Strategy: Driving Revenue Growth Revenue CAGR of 13% 2022 – 2026(E)* * Represents the mid-point of our FY’26 guidance range
Slide 9: Total Growth Strategy: Growing Profitability
9© 2026 Progress Software Corporation and/or its subsidiaries or aff iliates. All rights reserved. Total Growth Strategy: Growing Profitability Operating Income CAGR of 13% 2022 – 2026(E)* Best-in-class non-GAAP operating margins consistently above 35% * Represents the mid-point of our FY’26 guidanc
Slide 10: Total Growth Strategy: Growing Unlevered Free Cash Flow
10© 2026 Progress Software Corporation and/or its subsidiaries or aff iliates. All rights reserved. Total Growth Strategy: Growing Unlevered Free Cash Flow Unlevered FCF CAGR of 13% 2022 – 2026(E)* * Represents the mid-point of our FY’26 guidance range
Slide 11: Capital Allocation Strategy
11© 2025 Progress Software Corporation and/or its subsidiaries or aff iliates. All rights reserved.6 Capital Allocation Strategy PRIMARY FOCUS Continue to prioritize accretive M&A opportunities that meet our disciplined criteria to create the strongest returns. Repurchase shares to offset dilution f
Slide 12: Well Defined M&A Framework
12© 2026 Progress Software Corporation and/or its subsidiaries or aff iliates. All rights reserved. Well Defined M&A Framework ▪ Cast a wide net across infrastructure software for AI-resilient businesses ▪ Tight alignment increases synergy potential ▪ ~10-25% of current Progress revenues ▪ Can be fi
Slide 13: Summary Q2 2026 Financial Results
13© 2026 Progress Software Corporation and/or its subsidiaries or aff iliates. All rights reserved. Summary Q2 2026 Financial Results Q2 2026 Results Prior Q2 2026 Outlook (provided on March 30, 2026) Revenue $253M $240M - $246M GAAP earnings per share (Diluted) $0.50 $0.35 - $0.41 Non-GAAP earnings
Slide 14: Business Outlook (as of June 30, 2026)
14© 2026 Progress Software Corporation and/or its subsidiaries or aff iliates. All rights reserved. Business Outlook (as of June 30, 2026) Q3 2026 Current Outlook FY 2026 Prior Outlook (provided on March 30, 2026) FY 2026 Updated Outlook Revenue $244M - $250M $988M - $1,000M $990M - $1,002M GAAP EPS
Slide 15: Outstanding Debt and Potential Impact on Share Count
15© 2026 Progress Software Corporation and/or its subsidiaries or aff iliates. All rights reserved. Outstanding Debt and Potential Impact on Share Count Approximately $5.0M of additional interest expense in FY 2026 for amortization of debt issuance costs Convertible Balance: $450M Interest Rate: 3.5
Slide 16: Supplemental Financial Information
Supplemental Financial Information
Slide 17: Supplemental Revenue Information (Unaudited)
17© 2026 Progress Software Corporation and/or its subsidiaries or aff iliates. All rights reserved. Supplemental Revenue Information (Unaudited) Quarterly Revenue by Region and by Type (GAAP) (in thousands) Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Revenue by Type License 58,445 50,795 63,437
Slide 18: Non-GAAP supplemental information
18© 2026 Progress Software Corporation and/or its subsidiaries or aff iliates. All rights reserved. Progress furnishes certain non-GAAP supplemental information to our financial results. We use such non-GAAP financial measures to evaluate our period-over-period operating performance because our mana
Slide 19: Important Information Regarding Non-GAAP Financial Information
19© 2026 Progress Software Corporation and/or its subsidiaries or aff iliates. All rights reserved. Important Information Regarding Non-GAAP Financial Information • Provision for income taxes - We adjust our income tax provision by excluding the tax impact of the non-GAAP adjustments discussed above
Slide 20: Important Information Regarding Non-GAAP Financial Information (ARR continued)
20© 2026 Progress Software Corporation and/or its subsidiaries or aff iliates. All rights reserved. Important Information Regarding Non-GAAP Financial Information • ARR continued - ARR is not defined in GAAP and is not derived from a GAAP measure. Rather, ARR generally aligns to billings (as opposed
Slide 21: Dv Progress’
Dv Progress’