Progress Software AS
Score · fiscal year 2023
69of 100
How to read this: the company is ahead of 78 % of companies in the Morning class Micro in the same sector in 2023. What does this mean?
Rank in the Morning class Micro: 2,292 of 10,539 · What are Morning company classes?
Place in the whole sector: 4,671 of 21,067 · Handel
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 48 and solidity 87 out of 100 among companies in the Morning class Micro in the same sector in 2023. Methodology
Against the sector
Progress Software AS is 19 points above the median for companies in the Morning class Micro in the same sector in 2023.
Median score 50 among 10,530 companies.
Against companies in the Morning class Micro in the same sector in 2023: operating margin 3.1% (median 2.6%) and equity ratio 77.1% (median 35.5%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 8 MNOK | 4 MNOK |
| Operating margin | 3.1% | 2.6% |
| Profit margin | 6.2% | 2.0% |
| Return on assets | 3.3% | 5.7% |
| Equity ratio | 77.1% | 35.5% |
| Debt-to-equity | 0.30 | 1.26 |
| Current ratio | 1.97 | 1.79 |
| Revenue growth | – | 6.5% |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 69, Progress Software AS does better than 78% of companies in the Morning class Micro in the same sector (10,539 companies) in 2023.
Score 2023–2025
- Progress Software AS
- Median: companies in the Morning class Micro in the same sector
What the numbers say
Progress Software AS had an operating margin of 3.1% and an equity ratio of 77.1% in 2023, and ranks 4,671 of 21,067 in Handel.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 3 MNOK and 12 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 4 MNOK |
| EV/EBIT | 8.0 | 3 MNOK |
| P/B | 1.0 | 12 MNOK |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.2% of the debt in 2023. The policy rate averaged 3.54 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 1.5%. Based on the 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 48 | weight 30% |
|---|---|---|
| Solidity | 87 | weight 25% |
| Liquidity | 55 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 93 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is Progress Software AS?
The operating margin was 3.1% in 2023, against a median of 2.6% among companies in the Morning class Micro in the same sector. Return on assets was 3.3%.
How solid is Progress Software AS?
The equity ratio was 77.1% in 2023 (median 35.5%). Debt-to-equity was 0.30 (median 1.26).
What is the liquidity of Progress Software AS like?
The current ratio was 1.97 in 2023 (median 1.79).
How does Progress Software AS compare in Handel?
Progress Software AS ranks 4,671 of 21,067 in Handel for 2023. Among companies in the Morning class Micro it is number 2,292 of 10,539.
From the Central Coordinating Register
- Org. no.
- 937174489
- Legal form
- AS
- Sector
- Handel (46.500)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 12 July 1985 41 years in operation
- Share capital
- 0.10 MNOK
- Business address
- c/o CSC (Norway) AS, Wergelandsveien 7, 0167 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- Website
- www.progress.no
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
Loading roles …
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 100% · private persons 0% · foreign 100%
- Group chain
- Ultimate owner: PROGRESS SOFTWARE CORPORATION
- PROGRESS SOFTWARE CORPORATION (USA) · 100.0%
Change 2007–2025: no material change in the owners.
Source: the Norwegian Tax Administration's shareholder register as of 2025. Figures may be older than today's ownership. Private persons are not shown by name.
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 28 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 69 | 37 | 56 | |
| Rank | 4,671 | 16,052 | 8,812 | |
| Operating margin | 3.1% | 3.4% | 3.5% | |
| Return on assets | 3.3% | 4.7% | 12.1% | |
| Equity ratio | 77.1% | 15.1% | 32.5% | |
| Current ratio | 1.97 | 0.59 | 1.48 | |
| Revenue growth | – | 30.4% | 146.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 8.3 MNOK | 10.8 MNOK | 26.5 MNOK |
| Operating profit | 0.3 MNOK | 0.4 MNOK | 0.9 MNOK |
| Profit before tax | 0.5 MNOK | 0.8 MNOK | 1.2 MNOK |
| Tax expense | – | – | – |
| Net profit | 0.4 MNOK | 0.6 MNOK | 1.0 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.1 MNOK |
| Total assets | 15.6 MNOK | 17.1 MNOK | 10.9 MNOK |
| Current assets | 7.0 MNOK | 8.5 MNOK | 10.9 MNOK |
| Equity | 12.0 MNOK | 2.6 MNOK | 3.5 MNOK |
| Retained earnings | 11.9 MNOK | 2.5 MNOK | 3.4 MNOK |
| Total liabilities | 3.6 MNOK | 14.5 MNOK | 7.4 MNOK |
| Current liabilities | 3.6 MNOK | 14.5 MNOK | 7.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 4917477.
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