PROG Holdings, Inc. PRG

Technology SIC 7359 - Services-Equipment Rental & Leasing, NEC NAICS Real Estate and Rental and Leasing › Rental and Leasing Services derived NYSE

Unless otherwise indicated or unless the context otherwise requires, all references in this Annual Report on Form 10-K to the "Company," "we," "us," "our" and similar expressions are references to PROG Holdings, Inc. ("PROG Holdings") and its consolidated subsidiaries.

PROG Holdings is a financial technology holding company that provides transparent and competitive payment options to consumers. PROG Holdings' operating segments include Progressive Leasing, an in-store, app-based, and e-commerce point-of-sale lease-to-own solutions provider, and Four Technologies, Inc. ("Four"), a modern, cloud-native mobile app which offers Buy Now, Pay Later ("BNPL") payment options to consumers through the Four platform. PROG Holdings also owns MoneyApp, a mobile application that offers customers interest-free cash advances. Many of our customers fall within the near-prime or subprime Fair Isaac and Company ("FICO") score categories and may have difficulty purchasing big-ticket and other durable goods they desire. The unified financial technologies ecosystem we continue to build, which we have expanded through our recent acquisition of Purchasing Power (as described below) provides these underserved customers with alternatives to traditional financing options.

Last close 30.27 2026-10-23
Market cap $1.21B 2026-06-30 share count
52-week range 25.80 - 47.73

Valuation FY2025 figures against the last close

P/S0.5x
P/E8.4x
P/FCF3.7x
EV/EBITDA6.5x
Dividend yield1.7%
Diluted EPS3.59

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue $2.41B$2.40B$2.34B$2.60B$2.68B$2.48B$2.16B$2.04B—
SG&A $378.6M$339.1M$340.6M$366.3M—————
Total operating expenses $2.21B$2.20B$2.12B$2.41B$2.34B$2.21B$357.8M$537.1M—
Operating income $206.8M$194.7M$218.7M$185.6M$333.5M$271.8M$27.6M$156.8M—
Interest expense $49.3M$39.5M$39.5M$39.1M$5.3M$187.0K$0$0—
Pre-tax income $174.5M$163.4M$189.3M$148.2M$328.2M$271.6M$27.6M$156.8M—
Income tax $50.2M$33.9M$55.4M$49.5M$84.6M$37.9M$52.2M$31.5M—
Net income $146.8M$197.2M$138.8M$98.7M$243.6M-$61.5M$31.5M$196.2M—
EPS, basic 3.664.633.021.903.69-0.910.472.84—
EPS, diluted 3.594.532.981.903.67-0.900.472.78—
Shares, diluted (wtd. avg.) 40.9M43.5M46.5M52.1M66.4M68.0M67.3M70.6M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash and equivalents $308.8M$90.9M$155.4M$131.9M$170.2M$36.6M$57.8M$15.3M$51.0M
Property, plant and equipment $19.5M$20.0M$24.1M——$26.7M$30.4M——
Goodwill $296.1M$296.1M$296.1M$296.1M$306.2M$288.8M$288.8M——
Other intangibles $57.8M$73.8M$91.7M$114.4M$137.3M$154.4M$176.6M——
Total assets $1.61B$1.51B$1.49B$1.49B$1.62B$1.32B$3.30B——
Long-term debt $594.9M$643.6M$592.3M$591.0M$589.7M$50.0M———
Total liabilities $864.0M$863.5M$899.9M$921.4M$942.4M$331.3M$1.56B——
Retained earnings $1.59B$1.47B$1.29B$1.15B$1.06B$1.24B$2.03B——
Total equity $746.4M$650.3M$591.3M$570.5M$679.4M$986.1M$1.74B$1.76B$1.73B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating cash flow $335.0M$138.5M$204.2M$242.5M$246.0M$456.0M$317.2M$356.5M—
Depreciation and amortisation $24.0M$26.3M$31.3M$33.9M$11.0M$9.7M$9.1M$7.1M—
Stock-based compensation $28.8M$29.2M$24.9M$17.5M$21.3M-$2.6M$26.5M$28.2M—
Capital expenditure $10.0M$8.3M$9.6M$9.7M$9.6M$64.3M$93.0M$78.8M—
Investing cash flow $6.6M-$79.2M-$38.8M-$53.5M-$82.2M-$114.5M-$106.3M-$263.1M—
Financing cash flow -$128.5M-$119.1M-$141.9M-$227.2M-$30.3M-$362.6M-$168.6M-$129.0M—
Dividends paid $20.8M$20.4M$0$0$0$13.8M$9.4M$6.2M—
Buybacks $51.8M$138.7M$139.6M$223.6M$142.4M$0$69.3M$168.7M—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001808834-26-000012.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B 0 1B 2B 3B Revenue, FY2018: 2B Net income, FY2018: 196.2M Revenue, FY2019: 2.2B Net income, FY2019: 31.5M Revenue, FY2020: 2.5B Net income, FY2020: -61.5M Revenue, FY2021: 2.7B Net income, FY2021: 243.6M Revenue, FY2022: 2.6B Net income, FY2022: 98.7M Revenue, FY2023: 2.3B Net income, FY2023: 138.8M Revenue, FY2024: 2.4B Net income, FY2024: 197.2M Revenue, FY2025: 2.4B Net income, FY2025: 146.8M FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $2.04B $2.16B $2.48B $2.68B $2.60B $2.34B $2.40B $2.41B
Gross profit — — — — — — — — —
Net income — $196.2M $31.5M -$61.5M $243.6M $98.7M $138.8M $197.2M $146.8M

Recent filings and events

  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event Item 8.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event Item 8.01
  • Results announced Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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