Progress Software Competitors and Similar CompaniesClear all
Progress Software's competitors and similar companies include Splunk and Red Hat.
 Progress Software Progress Software is a provider of AI-powered digital experience and infrastructure software. |  Red Hat Red Hat (formerly known as Red Hat Software) is a company that provides enterprise open-source solutions. | ||
Founding Date | Founding Date 1981 | Founding Date 2003 | Founding Date 1993 |
Type | Type Public | Type Subsidiary | Type Subsidiary |
Tags | |||
Locations | Locations Raleigh, US HQ Buenos Aires, AR Brisbane, AU Canberra, AU Melbourne, AU Perth, AU Sydney, AU see more | ||
Employees | Employees 2,801 | Employees 8,8407% decrease | Employees 19,5851% decrease |
Financial | |||
Revenue (est.) | Revenue (est.) $977.8m (FY, 2025) | Revenue (est.) $3.7b (FY, 2023) | Revenue (est.) $5.6b (Y, 2021) |
Cost of goods | Cost of goods $187.6m (FY, 2025) | Cost of goods $816m (FY, 2023) | Cost of goods N/A |
Gross profit | Gross profit $790.3m (FY, 2025) | Gross profit $2.8b (FY, 2023) | Gross profit N/A |
Net income | Net income $73.1m (FY, 2025) | Net income ($277.9m) (FY, 2023) | Net income $732m (Y, 2021) |
Operating ⚠ | |||
Product Categories | Product Categories 13 (FY, 2024) | Product Categories N/A | Product Categories 6 (Feb, 2024) |
Products | Products N/A | Products 11 (Oct, 2025) | Products 33 (Feb, 2024) |
Funding | |||
Total funding raised | Total funding raised $ 14.1m | Total funding raised $ 2.4b | Total funding raised $ 203.3m |
For sources of this data, please see the company profile
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Splunk
HQ
San Jose, US
Splunk is a company that develops a unified security and observability platform.
View companyRed Hat
HQ
Raleigh, US
Red Hat (formerly known as Red Hat Software) is a company that provides enterprise open-source solutions.
View company