PROG Holdings, Inc.

Listed Company

PRGCIK 0001808834NYSELarge AcceleratedServices-Equipment Rental & Leasing, NecGeorgiaFY ends Dec 31

Period

FY 2025

Revenue

$2.41B

Net Income

$146.79M

Total Assets

$1.61B

Equity

$746.42M

Shares Out

40.07M

Op. Cash Flow

$334.96M

PRG$46.40+60.72% · past yearDBEQ Basic

Daily closing prices

Business

PROG Holdings is a financial-technology holding company providing alternative payment and leasing solutions to near-prime and subprime consumers. The company operates Progressive Leasing, which offers lease-to-own solutions for furniture, appliances, electronics, and other merchandise through a large network of retail partner locations and e-commerce sites, and Four, a buy-now-pay-later mobile app offering short-term interest-free installments. The company also owns MoneyApp, which provides interest-free cash advances, and recently acquired Purchasing Power, an employee benefit program for payroll-deductible purchases. Progressive Leasing is the dominant operating division and operates across 45 states, Washington D.C., and Puerto Rico.

Summary from 10-K filed 2026-02-18

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	2,409	2,399	2,339	2,598	2,678
Depreciation of Lease Merchandise	1,590	1,621	1,576	1,758	1,820
Provision for Lease Merchandise Write-offs	173	178	155	194	127
Operating Expenses	446	405	389	450	397
Costs and Expenses	2,209	2,204	2,121	2,412	2,344
Gain on sale of receivables	7	0	0	—	—
OPERATING PROFIT	207	195	219	186	334
Interest Expense, Net	−32	−31	−29	−37	—
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAX EXPENSE (BENEFIT)	175	163	189	148	328
Income Tax Expense (Benefit)	50	−34	55	50	85
NET EARNINGS FROM CONTINUING OPERATIONS	124	197	134	99	244
EARNINGS (LOSS) FROM DISCONTINUED OPERATIONS, NET OF INCOME TAX	22	−62,000	5	0	0
NET EARNINGS	147	197	139	99	244
Continuing Operations (in dollars per share)	3.1	4.63	2.91	1.9	3.69
Discontinued Operations (in dollars per share)	0.56	0	0.11	0	0
TOTAL BASIC EARNINGS PER SHARE (in dollars per share)	3.66	4.63	3.02	1.9	3.69
Continuing Operations (in dollars per share)	3.04	4.53	2.88	1.9	3.67
Discontinued Operations (in dollars per share)	0.55	0	0.11	0	0
TOTAL DILUTED EARNINGS PER SHARE (in dollars per share)	3.59	4.53	2.98	1.9	3.67
Basic ( in shares)	40	43	46	52	66
Diluted (in shares)	41	44	47	52	66

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and Cash Equivalents	309	91	155	132	170
Accounts Receivable (net of allowances of $68,806 in 2025 and $71,607 in 2024)	74	80	68	65	66
Lease Merchandise (net of accumulated depreciation and allowances of $407,104 in 2025 and $440,831 in 2024)	609	680	633	648	714
Loans Receivable (net of allowances and unamortized fees of $18,246 in 2025 and $10,264 in 2024)	91	39	127	131	119
Property and Equipment, Net	20	20	24	—	—
Operating Lease Right-of-Use Assets	3	4	9	12	17
Goodwill	296	296	296	296	306
Other Intangibles, Net	58	74	92	114	137
Income Tax Receivable	48	11	33	19	14
Deferred Income Tax Assets	20	9	3	3	3
Prepaid Expenses and Other Assets	71	73	51	48	48
Assets of Discontinued Operations	14	136	—	—	—
Total Assets	1,610	1,514	1,491	1,492	1,622
Accounts Payable and Accrued Expenses	96	90	151	135	136
Deferred Income Tax Liabilities	121	74	105	137	146
Customer Deposits and Advance Payments	37	41	36	37	45
Operating Lease Liabilities	7	11	16	21	25
Debt, Net	595	644	592	591	590
Liabilities of Discontinued Operations	7	4	—	—	—
Total Liabilities	864	863	900	921	942
Commitments and Contingencies (Note 10)	—	—	—	—	—
Common Stock, Par Value $0.50 Per Share: Authorized: 225,000,000 Shares at December 31, 2025 and 2024; Shares Issued: 82,078,654 at December 31, 2025 and 2024	41	41	41	41	41
Additional Paid-in Capital	364	359	352	339	332
Retained Earnings	1,595	1,469	1,293	1,154	1,056
Total Stockholders' Equity before Treasury Stock	1,999	1,869	1,687	1,534	1,429
Common Stock: 42,502,844 Shares at December 31, 2025 and 41,262,901 at December 31, 2024	−1,253	−1,219	−1,095	−964	−749
Total Shareholders' Equity	746	650	591	570	679
Total Liabilities & Shareholders' Equity	1,610	1,514	1,491	1,492	1,622

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Other Depreciation and Amortization	24	27	32	34	33
Provisions for Accounts Receivable and Loan Losses	408	387	345	417	242
Stock-Based Compensation	29	29	25	18	21
Deferred Income Taxes	51	−56	−32	−9	16
Gain on Sale of Receivables	−44	0	0	—	—
Impairment of Assets	3	6	0	10	0
Income Tax Benefit from Reversal of Uncertain Tax Position	0	−51	0	0	—
Non-Cash Lease Expense	−3	−4	−3	−2	—
Other Changes, Net	−2	−3	−6	−7	−8
Additions to Lease Merchandise	−1,697	−1,850	−1,721	−1,889	−2,054
Book Value of Lease Merchandise Sold or Disposed	178	183	159	197	131
Accounts Receivable	−324	−343	−308	−375	−230
Prepaid Expenses and Other Assets	9	−25	−2	68,000	−8
Income Tax Receivable and Payable	−40	25	−14	−6	−30
Accounts Payable and Accrued Expenses	8	−8	15	2	71
Customer Deposits and Advance Payments	−4	5	−1	−8	−1
Cash Provided by Operating Activities	335	139	204	242	246
Investments in Loans Receivable	−920	−459	−215	−204	−182
Proceeds from Loans Receivable	785	388	185	160	132
Proceeds from Sale of Loans Receivable	152	0	0	—	—
Outflows on Purchases of Property and Equipment	−10	−8	−10	−10	−10
Proceeds from Sale of Property and Equipment	0	131,000	48,000	27,000	78,000
Other Proceeds	0	41,000	365,000	6,000	—
Cash Provided by (Used in) Investing Activities	7	−79	−39	−54	−82
Borrowings (Payments) on Revolving Facility	−50	50	0	0	−50
Acquisition of Treasury Stock	−52	−139	−140	−224	−142
Dividends Paid	−21	−20	0	0	0
Issuance of Stock Under Stock Option and Employee Purchase Plans	2	2	1	1	5
Cash Paid for Shares Withheld for Employee Taxes	−7	−10	−4	−3	−5
Debt Issuance Costs	−84,000	−3	−29,000	−2	−591,000
Cash Used in Financing Activities	−128	−119	−142	−227	−30
Increase (Decrease) in Cash and Cash Equivalents	213	−60	24	−38	134
Interest	37	37	37	36	1
Income Taxes	46	50	100	62	54

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro

Frequently asked questions

What is PROG Holdings, Inc.'s CIK number?

PROG Holdings, Inc.'s SEC CIK number is 0001808834 (1808834). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find PROG Holdings, Inc.'s SEC filings?

All of PROG Holdings, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did PROG Holdings, Inc. last report earnings?

PROG Holdings, Inc. (PRG) most recently filed an earnings 8-K with the SEC on Apr 29, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001808834-26-000065). This is PROG Holdings, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is PROG Holdings, Inc.'s most recent earnings 8-K?

PROG Holdings, Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 29, 2026 under accession 0001808834-26-000065. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View PROG Holdings, Inc.'s latest earnings 8-K →
Look up any company's CIK number →