PROS Holdings, Inc.
22.99-0.05 (-0.22%)
Oct 29, 4:00:02 PM EDT · NYSE · PRO · USD
Key Stats
Market Cap
1.11BP/E (TTM)
-Basic EPS (TTM)
-0.28Dividend Yield
0%Recent Filings
8-K
PROS unveils post-buyout split
PROS Holdings announced post-acquisition plans on October 1, 2025, after Thoma Bravo's September 22 buyout at $23.25 per share, a 41.7% premium to the prior close. Thoma Bravo will operate PROS' travel segment independently to fuel AI-driven growth in airlines, while merging the B2B unit with portfolio firm Conga for enhanced revenue lifecycle tools. Deal closes in Q4 2025, pending approvals. Risks loom if merger stalls.
10-Q
Q2 FY2025 results
PROS Holdings posted solid Q2 momentum, with total revenue climbing 8% year-over-year to $88.7 million, driven by 12% subscription growth to $73.3 million, while services dipped 2%. Gross margins edged up to 67% from 65%, thanks to cloud efficiencies, but operating losses held steady at $7.6 million amid higher selling and R&D spends. The net loss narrowed sharply to $1.8 million from $7.4 million, boosted by a $4.2 million gain on debt extinguishment from exchanging $186.9 million of 2027 notes for new 2030 notes at 2.5% rate maturing July 1, 2030. Diluted EPS swung to $(0.10) from $(0.16), reflecting the exchange's dilutive impact on 51.5 million shares. Cash swelled to $179.0 million, with operating cash flow at $4.4 million YTD; free cash flow not disclosed in the 10-Q. Yet competition in AI pricing tools remains fierce.
8-K
PROS lifts 2025 guidance
PROS Holdings reported Q2 2025 results, boosting subscription revenue 12% year-over-year to $73.3 million while expanding non-GAAP subscription gross margin to 80%. The company raised its full-year outlook, projecting subscription revenue of $295.5–$297.5 million and adjusted EBITDA of $42–$44 million, signaling robust AI-driven demand. New wins like Air Greenland and expansions with American Airlines fuel growth. Yet risks from macroeconomic uncertainty loom.
8-K
PROS issues $235M convertible notes
PROS Holdings issued $235 million of 2.50% convertible senior notes due 2030 on June 24, 2025, netting $48.8 million in cash after $27.9 million spent on capped calls to curb dilution. Lenders waived a prior notification default and consented to the issuance, amending the credit agreement to cap senior notes debt at $314.9 million. This extends maturities while preserving liquidity. Yet risks linger in conversion triggers.
8-K
PROS extends debt maturity
PROS Holdings swapped $186.9 million of its 2027 convertible notes for $185 million of new 2030 notes at 2.50% interest, extending maturities while paying accrued interest in cash. It also agreed to sell $50 million more of the 2030 notes, closing around June 24, to fund $27.9 million in capped calls that curb dilution on conversions. Hedge unwinds may sway stock prices short-term. Yet Q2 2025 guidance holds firm.
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