Prog Holdings Inc Financials
This page shows Prog Holdings Inc (PRG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
A low-capex, cash-heavy earnings model became clearer in FY2025 as liquidity improved despite nearly flat sales.
With revenue essentially flat, free cash flow rebounded to$325M in FY2025 from$130M in FY2024 even though capex stayed minimal. That gap matters because operating cash flow reached$335M while net income was only$147M , and FY2024 earnings had been lifted by a tax benefit rather than stronger operations.
The balance sheet got roomier in FY2025: cash climbed to
The core operating margin stayed in a tight band between
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Prog Holdings Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Prog Holdings Inc has an operating margin of 8.6%, meaning the company retains $9 of operating profit per $100 of revenue. This strong profitability earns a score of 69/100, reflecting efficient cost management and pricing power. This is up from 8.1% the prior year.
Prog Holdings Inc's revenue grew a modest 0.4% year-over-year to $2.4B. This slow but positive growth earns a score of 37/100.
Prog Holdings Inc has a moderate D/E ratio of 0.80. This balance of debt and equity financing earns a leverage score of 42/100.
Prog Holdings Inc converts 13.5% of revenue into free cash flow ($324.9M). This strong cash generation earns a score of 67/100.
Prog Holdings Inc passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Prog Holdings Inc generates $2.28 in operating cash flow ($335.0M OCF vs $146.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Prog Holdings Inc earns $4.2 in operating income for every $1 of interest expense ($206.8M vs $49.3M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Prog Holdings Inc generated $2.4B in revenue in fiscal year 2025. This represents an increase of 0.4% from the prior year.
Prog Holdings Inc's EBITDA was $230.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 4.4% from the prior year.
Prog Holdings Inc reported $146.8M in net income in fiscal year 2025. This represents a decrease of 25.6% from the prior year.
Prog Holdings Inc earned $3.59 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 20.8% from the prior year.
Cash & Balance Sheet
Prog Holdings Inc generated $324.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 149.5% from the prior year.
Prog Holdings Inc held $308.8M in cash against $594.9M in long-term debt as of fiscal year 2025.
Prog Holdings Inc paid $0.52 per share in dividends in fiscal year 2025. This represents an increase of 8.3% from the prior year.
Prog Holdings Inc had 40M shares outstanding in fiscal year 2025. This represents a decrease of 3.0% from the prior year.
Margins & Returns
Prog Holdings Inc's operating margin was 8.6% in fiscal year 2025, reflecting core business profitability. This is up 0.5 percentage points from the prior year.
Prog Holdings Inc's net profit margin was 6.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2.1 percentage points from the prior year.
Prog Holdings Inc's ROE was 19.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 10.7 percentage points from the prior year.
Capital Allocation
Prog Holdings Inc spent $51.8M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 62.7% from the prior year.
Prog Holdings Inc invested $10.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 20.8% from the prior year.
PRG Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $742.7M+37.3% | $541.0M-9.1% | $595.1M-1.6% | $604.7M-9.5% | $668.4M+19.6% | $558.9M-7.8% | $606.1M+2.4% | $592.2M |
| Cost of Revenue | $62.5M | N/A | N/A | N/A | $0 | N/A | N/A | N/A |
| Gross Profit | $680.2M | N/A | N/A | N/A | $668.4M | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $132.2M+34.4% | $98.4M+3.3% | $95.3M+2.7% | $92.8M+0.7% | $92.1M+26.8% | $72.7M-19.0% | $89.7M+3.7% | $86.5M |
| Operating Income | $65.3M+80.5% | $36.2M-32.4% | $53.5M-11.8% | $60.7M+7.8% | $56.3M+12.7% | $50.0M+1.6% | $49.2M-11.6% | $55.7M |
| Interest Expense | $18.4M+24.6% | $14.8M+19.1% | $12.4M+1.9% | $12.2M+22.0% | $10.0M+1.5% | $9.8M-1.7% | $10.0M-0.1% | $10.0M |
| Income Tax | $11.3M+4.2% | $10.9M-13.1% | $12.5M-11.1% | $14.1M+11.3% | $12.7M+179.5% | -$15.9M+62.2% | -$42.1M-389.2% | $14.6M |
| Net Income | $36.1M-10.9% | $40.5M+22.2% | $33.1M-13.9% | $38.5M+10.8% | $34.7M-39.7% | $57.5M-31.5% | $84.0M+148.6% | $33.8M |
| EPS (Diluted) | $0.89 | N/A | $0.82-13.7% | $0.95+14.5% | $0.83 | N/A | $1.94+151.9% | $0.77 |
PRG Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.0B+26.8% | $1.6B+4.1% | $1.5B+6.3% | $1.5B-1.0% | $1.5B-2.9% | $1.5B+4.7% | $1.4B-1.0% | $1.5B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $69.4M-77.5% | $308.8M+5.5% | $292.6M+31.8% | $222.0M+4.1% | $213.3M+134.6% | $90.9M-59.0% | $221.7M-11.4% | $250.1M |
| Inventory | $2.6M | $0 | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $387.6M+422.2% | $74.2M+16.5% | $63.7M+5.3% | $60.5M-9.1% | $66.6M-17.0% | $80.2M+19.3% | $67.2M+9.4% | $61.5M |
| Goodwill | $406.7M+37.4% | $296.1M0.0% | $296.1M0.0% | $296.1M0.0% | $296.1M0.0% | $296.1M0.0% | $296.1M0.0% | $296.1M |
| Total Liabilities | $1.3B+46.8% | $864.0M+2.5% | $843.0M+7.3% | $785.9M-3.6% | $815.5M-5.6% | $863.5M+5.9% | $815.5M-7.2% | $878.9M |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $936.1M+57.4% | $594.9M | N/A | N/A | N/A | $643.6M | N/A | N/A |
| Total Equity | $774.4M+3.7% | $746.4M+6.1% | $703.6M+5.2% | $668.7M+2.2% | $654.4M+0.6% | $650.3M+3.1% | $630.8M+8.4% | $581.9M |
| Retained Earnings | $1.6B+1.9% | $1.6B+2.3% | $1.6B+1.8% | $1.5B+2.2% | $1.5B+2.0% | $1.5B+3.7% | $1.4B+5.9% | $1.3B |
PRG Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $171.7M+412.7% | -$54.9M-149.9% | $110.0M+57.5% | $69.9M-66.7% | $209.9M+348.5% | -$84.5M-365.0% | $31.9M-42.4% | $55.4M |
| Capital Expenditures | $3.1M+21.4% | $2.6M-27.0% | $3.6M+83.7% | $1.9M-1.4% | $2.0M-13.9% | $2.3M+11.8% | $2.0M+7.1% | $1.9M |
| Free Cash Flow | $168.6M+393.2% | -$57.5M-154.0% | $106.5M+56.7% | $68.0M-67.3% | $208.0M+339.7% | -$86.8M-390.7% | $29.8M-44.2% | $53.5M |
| Investing Cash Flow | -$385.9M-609.8% | $75.7M+321.0% | -$34.3M-11.6% | -$30.7M-650.2% | -$4.1M+90.6% | -$43.5M-144.1% | -$17.8M-25.3% | -$14.2M |
| Financing Cash Flow | -$15.1M-226.8% | -$4.6M+11.3% | -$5.2M+82.9% | -$30.5M+65.5% | -$88.2M-4648.3% | $1.9M+104.6% | -$42.5M+3.2% | -$43.9M |
| Dividends Paid | $5.6M+9.1% | $5.1M-0.8% | $5.2M+0.1% | $5.2M-1.7% | $5.3M+5.9% | $5.0M-2.1% | $5.1M-0.9% | $5.1M |
| Share Buybacks | $0 | $0 | $0-100.0% | $25.7M-1.8% | $26.1M-35.5% | $40.5M+9.3% | $37.0M+0.7% | $36.7M |
PRG Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 91.6% | N/A | N/A | N/A | 100.0% | N/A | N/A | N/A |
| Operating Margin | 8.8%+2.1pp | 6.7%-2.3pp | 9.0%-1.1pp | 10.0%+1.6pp | 8.4%-0.5pp | 8.9%+0.8pp | 8.1%-1.3pp | 9.4% |
| Net Margin | 4.9%-2.6pp | 7.5%+1.9pp | 5.6%-0.8pp | 6.4%+1.2pp | 5.2%-5.1pp | 10.3%-3.6pp | 13.9%+8.2pp | 5.7% |
| Return on Equity | 4.7%-0.8pp | 5.4%+0.7pp | 4.7%-1.0pp | 5.8%+0.5pp | 5.3%-3.5pp | 8.8%-4.5pp | 13.3%+7.5pp | 5.8% |
| Return on Assets | 1.8%-0.7pp | 2.5%+0.4pp | 2.1%-0.5pp | 2.6%+0.3pp | 2.4%-1.4pp | 3.8%-2.0pp | 5.8%+3.5pp | 2.3% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 1.21+0.4 | 0.80-0.4 | 1.20+0.0 | 1.18-0.1 | 1.25+0.3 | 0.99-0.3 | 1.29-0.2 | 1.51 |
| FCF Margin | 22.7%+33.3pp | -10.6%-28.5pp | 17.9%+6.7pp | 11.2%-19.9pp | 31.1%+46.6pp | -15.5%-20.4pp | 4.9%-4.1pp | 9.0% |
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Frequently Asked Questions
What is Prog Holdings Inc's annual revenue?
Prog Holdings Inc (PRG) reported $2.4B in total revenue for fiscal year 2025. This represents a 0.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Prog Holdings Inc's revenue growing?
Prog Holdings Inc (PRG) revenue grew by 0.4% year-over-year, from $2.4B to $2.4B in fiscal year 2025.
Is Prog Holdings Inc profitable?
Yes, Prog Holdings Inc (PRG) reported a net income of $146.8M in fiscal year 2025, with a net profit margin of 6.1%.
What is Prog Holdings Inc's EBITDA?
Prog Holdings Inc (PRG) had EBITDA of $230.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Prog Holdings Inc have?
As of fiscal year 2025, Prog Holdings Inc (PRG) had $308.8M in cash and equivalents against $594.9M in long-term debt.
What is Prog Holdings Inc's operating margin?
Prog Holdings Inc (PRG) had an operating margin of 8.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Prog Holdings Inc's net profit margin?
Prog Holdings Inc (PRG) had a net profit margin of 6.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Prog Holdings Inc pay dividends?
Yes, Prog Holdings Inc (PRG) paid $0.52 per share in dividends during fiscal year 2025.
What is Prog Holdings Inc's return on equity (ROE)?
Prog Holdings Inc (PRG) has a return on equity of 19.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Prog Holdings Inc's free cash flow?
Prog Holdings Inc (PRG) generated $324.9M in free cash flow during fiscal year 2025. This represents a 149.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Prog Holdings Inc's operating cash flow?
Prog Holdings Inc (PRG) generated $335.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Prog Holdings Inc's total assets?
Prog Holdings Inc (PRG) had $1.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Prog Holdings Inc's capital expenditures?
Prog Holdings Inc (PRG) invested $10.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Prog Holdings Inc's debt-to-equity ratio?
Prog Holdings Inc (PRG) had a debt-to-equity ratio of 0.80 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Prog Holdings Inc's return on assets (ROA)?
Prog Holdings Inc (PRG) had a return on assets of 9.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Prog Holdings Inc's Piotroski F-Score?
Prog Holdings Inc (PRG) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Prog Holdings Inc's earnings high quality?
Prog Holdings Inc (PRG) has an earnings quality ratio of 2.28x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Prog Holdings Inc cover its interest payments?
Prog Holdings Inc (PRG) has an interest coverage ratio of 4.2x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Prog Holdings Inc?
Prog Holdings Inc (PRG) scores 36 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.