PRG Research | Milton Maxwell

PRG

PROG Holdings, Inc.

30.44

+0.67+2.25%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

No earnings call transcript available

Key Stats

Market Cap

1.20B

P/E (TTM)

7.73

Basic EPS (TTM)

3.94

Dividend Yield

0.02%

Recent Filings

8-K

12/2/25Dec 2, 2025

8-K

PROG declares $0.13 dividend

11/7/25Nov 7, 2025

PROG Holdings' board declared a quarterly cash dividend of $0.13 per share on November 6, 2025, payable December 2 to shareholders of record November 18. This steady payout underscores the fintech firm's commitment to returning capital amid its lease-to-own and buy-now-pay-later operations. Shareholders benefit directly. No changes from prior quarters were noted.

8-K

Vive portfolio sold for $150M

10/22/25Oct 22, 2025

PROG Holdings sold its Vive Financial credit card and retail loan portfolio, valued at $165 million, to Atlanticus for $150 million in cash on October 20, 2025, boosting capital efficiency while Vive shifts to discontinued operations. This move sharpens focus on core segments like Progressive Leasing, where Q3 GMV dipped 10% to $410.9 million amid soft demand, yet Adjusted EBITDA climbed 5.5% to $67.0 million. Four Technologies surged 162.8% in GMV. The sale unlocks flexibility for investments and shareholder returns.

10-Q

Q3 FY2025 results

10/22/25Oct 22, 2025

PROG Holdings posted Q3 revenues of $595.1M, down 1.8% y/y from $606.1M, as Progressive Leasing's lease revenues fell 4.5% y/y to $556.6M amid a 10% GMV drop tied to Big Lots' bankruptcy and tighter decisioning, yet offset by 63.3% y/y growth in loan interest to $38.5M from Vive and Four. Operating profit climbed 8.7% y/y to $53.5M, with depreciation easing 5.6% y/y to $378.5M (68.0% of lease revenues) and write-off provisions dropping 8.3% y/y to $41.0M (7.4% of lease revenues), while operating expenses rose 9.8% y/y on higher bank fees and loan provisions. Diluted EPS of $0.82 reconciles to net earnings of $33.1M over 40.5M shares, down from $1.94 y/y due to a prior tax benefit, but earnings before tax rose 9.1% y/y to $45.6M. Cash swelled to $292.6M with $389.9M operating cash flow (up from $223.0M y/y), no revolver draws, and $594.5M net debt mainly from $600M 6% Senior Notes due 2029; free cash flow hit $382.4M (derived). Post-quarter, Vive assets sold for ~$149M cash, eyeing a $30M pretax gain. Vive's unfunded commitments pose credit risk in a shaky economy.

8-K

PROG declares $0.13 dividend

8/7/25Aug 7, 2025

PROG Holdings declared a quarterly cash dividend of $0.13 per share on August 6, 2025, payable September 4 to shareholders of record August 19. This steady payout underscores the fintech firm's commitment to returning capital amid its lease-to-own and credit offerings. Dividend maintained. Investors should note the consistent yield supports ongoing operations.

About

PROG Holdings, Inc., a financial technology holding company, provides payment options to consumers in the United States. It operates through two segments: Progressive Leasing and Vive. The company owns Progressive Leasing, an in-store, app-based, and e-commerce point-of-sale lease-to-own solutions provider; and Vive Financial, an omnichannel provider of second-look revolving credit products. It also provides buy now pay later payment options through four interest-free installments; and Build, a credit building financial management tool. The company was formerly known as Aaron's Holdings Company, Inc. and changed its name to PROG Holdings, Inc. in December 2020. PROG Holdings, Inc. was founded in 1955 and is based in Draper, Utah.

CEO

Mr. Steven A. Michaels

IPO

11/4/1982

Website

https://progholdings.com

Employees

1,403

Sector

Industrials

Industry

Rental & Leasing Services