Progressive financials
$209.47+1.93%
Close Sep 28, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $87.67B | $75.37B | $62.11B | $49.61B | $47.70B | $42.66B | $39.02B | $31.98B | $26.84B | $23.44B |
| Gross profit | $27.62B | $20.93B | $11.79B | $7.57B | $10.36B | $14.26B | $10.53B | $7.68B | $5.91B | $4.70B |
| Gross margin | 31.5% | 27.8% | 19.0% | 15.3% | 21.7% | 33.4% | 27.0% | 24.0% | 22.0% | 20.0% |
| Operating income | $14.50B | $10.99B | $5.17B | $1.17B | $4.43B | $7.39B | $5.35B | $3.33B | $2.29B | $1.61B |
| Net income | $11.31B | $8.46B | $3.87B | $695.0M | $3.32B | $5.68B | $3.94B | $2.59B | $1.59B | $1.03B |
| Net margin | 12.9% | 11.2% | 6.2% | 1.4% | 7.0% | 13.3% | 10.1% | 8.1% | 5.9% | 4.4% |
| Diluted EPS | $19.23 | $14.40 | $6.58 | $1.18 | $5.66 | $9.66 | $6.72 | $4.42 | $2.72 | $1.76 |
| EBITDA | $14.69B | $11.25B | $5.50B | $1.67B | $4.90B | $7.82B | $5.69B | $3.63B | $2.61B | $1.89B |
| Operating cash flow | $17.55B | $15.12B | $10.64B | $6.85B | $7.76B | $6.91B | $6.26B | $6.28B | $3.76B | $2.73B |
| Free cash flow | $17.20B | $14.83B | $10.39B | $6.56B | $7.52B | $6.68B | $5.90B | $6.02B | $3.60B | $2.52B |
| Diluted shares | 588.1M | 587.7M | 587.5M | 587.1M | 587.1M | 587.6M | 587.2M | 586.7M | 585.7M | 585.0M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $125.0M | $143.0M | $85.0M | $203.5M | $187.1M | $76.5M |
| Short-term investments | $13.0M | $11.0M | $15.0M | $17.4M | $15.0M | $0.00 |
| Total debt | $6.90B | $6.89B | $6.89B | $6.39B | $4.90B | $5.40B |
| Total assets | $123.04B | $105.75B | $88.69B | $75.47B | $71.13B | $64.10B |
| Total liabilities | $92.72B | $80.15B | $68.41B | $59.57B | $52.90B | $47.06B |
| Shareholders' equity | $30.32B | $25.59B | $20.28B | $15.89B | $18.23B | $17.04B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology