Progress Software Corp PRGS
New risk paragraphs, branching off last year
Each branch is a paragraph in Risk Factors with nothing like it in the 10-K filed Jan 21, 2025. A box jumps to the paragraph as filed, below.
Paragraphs with nothing like them in last year's 10-K
6 paragraphs in Risk Factors of the 10-K filed Jan 20, 2026 with nothing like them in the 10-K filed Jan 21, 2025. Quoted exactly. Paragraphs that were only edited are under 10-K change.
We may not be successful in our artificial intelligence initiatives, which could adversely affect our business, reputation, or financial results. We have made, and expect to continue to make, investments to integrate AI into our products and update our products to enable our customers to use AI for insights, digital experiences, and applications, as well as to use AI to enhance our own engineering and business operations. Such integration and use of AI may become more important in our product offerings and operations over time. Our AI efforts may not be successful and our competitors or other third parties may incorporate AI into their offerings more successfully and efficiently than we do and achieve greater and faster adoption, which could impair our ability to compete effectively and adversely affect our business and financial results. In addition, given the rapidly developing nature of AI, we may fail to adequately adopt and adapt to technological advancements, which may have a negative impact on our product development capabilities and adversely affect our business and financial results.
•longer payment cycles and credit and collectability risk on our accounts receivables;
•varying regulatory and legal requirements, including international trade and labor laws;
•management of our international operations, including increased administrative and compliance expenses, geographical distance, and language and cultural differences;
•the increasing prominence of new technologies, including AI, in the markets in which we compete;
Any of these events, as well as other circumstances discussed in these Risk Factors, may cause the price of our common stock to fluctuate. In addition, the stock market in general, and the market prices of publicly-traded technology companies in particular, have experienced significant volatility that often has been unrelated to the operating performance of affected companies. These broad stock market fluctuations may adversely affect the market price of our common stock, regardless of our operating performance.
Paragraphs in the 10-Q filed Sep 30, 2026 that were not in the one before
New in the latest 10-Q
4 paragraphs in the 10-Q filed Sep 30, 2026 with nothing like them in the 10-Q filed Jun 30, 2026 (at least half the words must differ; new numbers alone do not count). Quoted exactly, grouped by the item heading above them. This is text that changed, not a judgement of how serious it is.
Financial statements and notes
Nine Months Ended (in thousands) August 31, 2026 August 31, 2025 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── Operating activities: Net income $ 66,662 $ 47,388 Adjustments to reconcile net income to net cash flows provided by operating activities: Depreciation and amortization of property and equipment 4,567 4,753 Amortization of acquired intangibles and other 104,572 111,081 Amortization of debt discount and issuance costs 3,961 3,064 Stock-based compensation 55,062 47,394 Non-cash lease expense 7,082 8,749 Deferred income taxes (6,454) (12,884) Credit losses and other sales allowances 9,991 3,510 Changes in operating assets and liabilities: Accounts receivable 55,074 9,129 Other assets 16,265 4,575 Accounts payable and accrued liabilities (19,691) (15,016) Lease liabilities (8,159) (9,533) Income taxes payable (4,152) 1,131 Deferred revenue (19,306) (30,952) Net cash flows provided by operating activities 265,474 172,389 Investing activities: Purchases of property and equipment (6,264) (2,840) Payments for acquisitions, net of cash acquired — (20,653) Net cash flows used in investing activities (6,264) (23,493) Financing activities: Proceeds from equity plans 10,673 16,040 Payments for taxes related to net share settlements of equity awards (6,629) (10,101) Repurchases of common stock (71,962) (65,108) Dividend equivalent payments to stockholders (368) (654) Repurchases of convertible senior notes (360,000) — Proceeds from revolving line of credit 360,000 — Repayment of revolving line of credit (170,000) (110,000) Payment of credit facility debt issuance costs — (5,961) Net cash flows used in financing activities (238,286) (175,784) Effect of exchange rate changes on cash and cash equivalents (2,078) 7,819 Net increase (decrease) in cash and cash equivalents 18,846 (19,069) Cash and cash equivalents, beginning of period 94,807 118,077 Cash and cash equivalents, end of period $ 113,653 $ 99,008
Read in the 10-Q
On July 22, 2026, we entered into an agreement to acquire substantially all of the assets and assume certain liabilities of Domo, Inc. ("Domo"), including its AI and data products platform, for approximately $ 400 million. The closing of the acquisition occurred on September 22, 2026, and was funded with borrowings under our existing revolving credit facility.
Read in the 10-Q
The Company is in the process of finalizing the accounting for this transaction and will provide the preliminary purchase price allocation, subject to measurement period adjustments, in the Company's Form 10-K for the fiscal year ending November 30, 2026.
Read in the 10-Q
Sales and marketing expenses decreased in the third quarter of fiscal year 2026 primarily due to decreased variable compensation expenses during the period. Sales and marketing expenses increased in the first nine months of fiscal year 2026 primarily due to increased personnel-related costs and higher marketing and sales events costs.
Read in the 10-Q
The 10-Q's risk factors against the 10-K
Item 1A of the 10-Q filed Sep 30, 2026 against Item 1A of the 10-K filed Jan 20, 2026.
A 10-Q repeats only the risks that changed, so a 10-K paragraph that is missing from it is not counted as removed.
Added is a paragraph with nothing like it in the 10-K, Reworded a sentence that is in both with several words changed,
Quiet changes a sentence in both where one to four words changed and one is a hedge or a modal
(cut words struck through, new words highlighted).
Text on the page, not a score; each links to the filing at sec.gov.
1 paragraph in the 10-Q's Item 1A, and none of them adds, rewords or quietly edits a paragraph of the 10-K's.
Phrases used for the first time
Two-word phrases in Risk Factors of the 10-K filed Jan 20, 2026 that are in none of the 1 earlier 10-Ks stored, back to Jan 21, 2025
Where each one is used
- stock market: Our international operations expose us to additional risks, and changes in global economic and political conditions could adversely affect our international operations, our revenue, and our net income. Approximately 36% of our total fiscal 2025 revenue was generated from sales outside North America. Political...
Used at least twice, small words left out. Counted, not picked: a phrase can be new because the company renamed something.
What was taken out
5 paragraphs of last year's Risk Factors with nothing like them now. The longest are quoted.
Sources
Item 1A of each 10-K and 10-Q on EDGAR, quoted exactly. Each paragraph links to the filing at sec.gov.
Also
10-K change: what was reworded or cut, section by section.
Work with it
Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/PRGS/export.csv") into a cell.