Monitor the Q3 earnings call on September 30, 2026 for financial impact details, including revenue contribution from Domo, integration costs, and any leverage ratio changes from the credit facility draw. The $400M cash outlay will increase debt leverage in the near term.
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Executive Summary
Progress Software completed the acquisition of substantially all assets of Domo's AI and data platform business for $400 million in cash, funded through cash on hand and its existing revolving credit facility. The deal adds over 2,400 customers and strengthens Progress's AI infrastructure capabilities, but the $400 million cash outlay increases leverage and integration risk remains.
Key Facts
- Acquisition of Domo's AI and data platform business closed on September 22, 2026
- Purchase price of $400 million in cash, funded via cash on hand and existing revolving credit facility
- Adds over 2,400 business customers and global strategic partners including leading cloud data warehouse providers
- Domo's cloud-native AI and data platform will become part of Progress's existing data platform offerings
- Progress will provide additional financial impact details on Q3 earnings call on September 30, 2026
Financial Impact
$400 million cash acquisition, funded via cash on hand and revolving credit facility
Risk Factors
- Integration risk combining Domo's platform with existing Progress offerings
- Increased leverage from drawing on revolving credit facility to fund the acquisition
- Potential customer churn or disruption during transition period
- No financial guidance or pro forma metrics provided yet
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001552781-26-000497 |
| Document: e26389_ex99-1.htm | 0001552781-26-000497 |
| Document: 0001552781-26-000497-index-headers.html | 0001552781-26-000497 |
| Document: 0001552781-26-000497-index.html | 0001552781-26-000497 |
| Document: 0001552781-26-000497.txt | 0001552781-26-000497 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | Insider Cluster | $46.45 | awaiting T+5 | — | $46.31 (−0.30%) |
Sep 30, 2026 26d ago | 8-K | $36.58 $38.28 | ▲ +4.65% | ▲ +3.35% | $46.31 (+26.60%) |
Sep 30, 2026 26d ago | Press Release | $36.58 $38.28 | ▲ +4.65% | ▲ +3.35% | $46.31 (+26.60%) |
Sep 29, 2026 27d ago | Press Release | $39.44 $37.20 | ▼ −5.68% | ▼ −7.63% | $46.31 (+17.42%) |
Sep 22, 2026 4w ago | 8-K | $41.03 $39.97 | ▼ −2.58% | ▼ −1.91% | $46.31 (+12.87%) |
Sep 22, 2026 4w ago | Press Release | $41.03 $39.97 | ▼ −2.58% | ▼ −1.91% | $46.31 (+12.87%) |
Jun 30, 2026 16w ago | 8-K | $39.16 $39.21 | ▲ +0.13% | ▼ −0.13% | $46.31 (+18.26%) |
Jun 30, 2026 16w ago | Press Release | $39.16 $39.21 | ▲ +0.13% | ▼ −0.13% | $46.31 (+18.26%) |
Jun 11, 2026 19w ago | Institutional Cluster | $31.59 $30.08 | ▲ +4.78% | ▲ +5.21% | $46.31 (−46.60%) |
May 20, 2026 22w ago | Insider Cluster | $28.92 $32.83 | ▲ +13.52% | ▲ +11.67% | $46.31 (+60.13%) |
US Market Status
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