Welcome to our dedicated page for Prog Holdings news (Ticker: PRG), a resource for investors and traders seeking the latest updates and insights on Prog Holdings stock.
PROG Holdings, Inc. (NYSE: PRG) is a fintech holding company headquartered in Salt Lake City, Utah, that focuses on transparent and competitive payment options and inclusive consumer financial products. News about PRG often centers on developments at its key subsidiaries, including Progressive Leasing, Four Technologies, Build, and, more recently, Purchasing Power.
Investors following PRG news can expect regular updates on quarterly financial results, where the company reports consolidated revenues, net earnings, adjusted EBITDA, and performance metrics for Progressive Leasing and Four Technologies. These releases frequently discuss lease portfolio performance, write-off ranges, and the contribution of BNPL and other products to the overall business.
Another important category of news involves strategic transactions and portfolio changes. PROG Holdings has announced the sale of the Vive Financial credit card receivables portfolio to Atlanticus Holdings Corporation, describing this as a step to improve capital efficiency while maintaining access to second-look credit solutions through a partner. The company has also reported on its agreement to acquire, and subsequent closing of the acquisition of, Purchasing Power, a voluntary employee benefit program that enables employees to purchase brand-name products and services through automatic payroll deductions or allotments.
PRG news items also cover capital allocation decisions, such as quarterly cash dividends declared by the Board of Directors, share repurchase activity, and updates on cash and debt levels. In addition, the company issues announcements about Investor Day events, conference calls, and webcasts that provide more detail on its strategic vision, key growth drivers, and long-term objectives.
For investors and analysts, the PRG news feed offers a centralized view of earnings releases, acquisition and divestiture announcements, dividend declarations, and other material events that shape the company’s fintech-oriented ecosystem.
Purchasing Power Funding 2026-A (PRG) is a $225.00 million consumer installment receivable ABS transaction with an initial securitization value of approximately $256.1 million. KBRA assigned preliminary ratings to five note classes backed by payroll-deducted retail installment sales contracts originated by Purchasing Power.
Key structural features include credit enhancement from 52.98% (Class A) to 13.03% (Class E), a non-declining reserve account, overcollateralization, and excess discount. Operative agreements and legal opinions will be reviewed prior to closing.
Summary not available.
PROG Holdings (NYSE: PRG) completed its acquisition of Purchasing Power on January 2, 2026 for $420 million in cash under terms announced December 1, 2025.
Purchasing Power is a voluntary employee benefit platform integrated with payroll that provides access to brand-name products through automatic payroll deductions for more than 7 million employees and counts over 360 employer partnerships. The business becomes a wholly owned subsidiary and PROG said it will leverage shared technology and operations to expand offerings, deepen engagement, and support long-term growth. The purchase was funded with a combination of cash on hand and debt financing.
PROG Holdings (NYSE: PRG) will host an Investor Day in New York City on March 10, 2026 starting at 8:30 AM ET. CEO Steve Michaels, CFO Brian Garner, and senior leaders will present the company’s strategic vision, key growth drivers, capital allocation priorities, and longer-term financial objectives.
The event includes a management breakfast, two Q&A sessions, limited in-person capacity with advanced registration for institutional investors and analysts, a live webcast, supporting materials, and an archived replay available at investor.progholdings.com.
PROG Holdings (NYSE:PRG) agreed to acquire Purchasing Power for $420 million in cash, with the deal expected to close in early 2026 subject to regulatory approvals and customary conditions. Purchasing Power serves more than 7 million employees via payroll-deduction programs, partners with >360 employers including 48 Fortune 500 companies, and offers access to >70,000 products through a proprietary payments infrastructure that connects to payroll systems.
The acquisition adds a scalable customer-acquisition channel, expands employer and broker relationships, and is expected to drive revenue synergies, cost efficiencies, improved decisioning and accelerated product development. At closing, Purchasing Power will have approximately $330 million of non-recourse securitization and warehouse funding that will remain in place.
PROG Holdings (NYSE:PRG) declared a quarterly cash dividend of $0.13 per share, payable on December 2, 2025 to shareholders of record at the close of business on November 18, 2025.
The company is the fintech holding company for Progressive Leasing, Four Technologies, and Build, providing lease-to-own, BNPL, and credit-building products. Investor contact information was provided for John A. Baugh, VP Investor Relations.
PROG Holdings (NYSE:PRG) reported third quarter 2025 results with consolidated revenues of $595.1 million and net earnings of $33.1 million. Adjusted EBITDA was $67.0 million (11.3% of revenues). Diluted EPS was $0.82 and non-GAAP diluted EPS was $0.90 (up 16.9% year-over-year). Progressive Leasing GMV totaled $410.9 million (down 10.0%), while Four Technologies grew GMV 162.8%. Cash was $292.6 million with gross debt of $600.0 million and $309.6 million remaining buyback capacity. The company revised full-year 2025 guidance: total revenues of $2.41B–$2.435B and non-GAAP diluted EPS of $3.35–$3.45. Vive operations are excluded from continuing operations due to a portfolio sale.
PROG Holdings (NYSE:PRG) announced sale of its Vive Financial credit card receivables portfolio to Atlanticus Holdings (NASDAQ:ATLC) on October 22, 2025. Under the agreement, PROG received approximately $150 million in cash while Atlanticus acquired about $165 million of receivables. The company said the transaction is intended to improve capital efficiency and profitability while preserving access to second-look credit solutions for near- and below-prime consumers.
Vive Financial will cease loan servicing after closing and a transition services agreement will govern the handoff; PROG said it will disclose transaction financial impact on its third quarter earnings call.
PROG Holdings (NYSE:PRG), a fintech holding company, has scheduled to release its Q3 2025 financial results on October 22, 2025, before market open. The company will host a live webcast at 8:30 A.M. ET on the same day to discuss the quarterly results.
PROG Holdings operates through several subsidiaries including Progressive Leasing (e-commerce and point-of-sale lease-to-own solutions), Vive Financial (revolving credit products), Four Technologies (Buy Now, Pay Later platform), and Build (personal credit building products).
PROG Holdings (NYSE:PRG) reported strong Q2 2025 financial results with consolidated revenues of $604.7 million, up 2.1% year-over-year. The company achieved net earnings of $38.5 million and Adjusted EBITDA of $73.5 million.
Key highlights include diluted EPS of $0.95 and non-GAAP diluted EPS of $1.02, up 10.9% from 2024. Progressive Leasing's GMV was $413.9 million, while Four Technologies showed impressive GMV growth of 166.5%. The company ended Q2 with $222.0 million in cash and updated its 2025 outlook, raising the low end of revenue and earnings guidance.
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