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.
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.
PROG Holdings (NYSE:PRG), a fintech holding company, has announced a quarterly cash dividend of $0.13 per share of common stock. The dividend will be payable on September 4, 2025, to shareholders of record as of August 19, 2025.
PROG Holdings operates through several subsidiaries including Progressive Leasing (lease-to-own solutions), Vive Financial (revolving credit products), Four Technologies (Buy Now, Pay Later platform), and Build (personal credit building products). The company focuses on providing transparent payment options and inclusive consumer financial products.
PROG Holdings (NYSE:PRG), a fintech holding company, has scheduled to release its second quarter 2025 financial results on Wednesday, July 23, 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 (lease-to-own solutions), Vive Financial (revolving credit products), Four Technologies (Buy Now, Pay Later platform), and Build (personal credit building products). The company specializes in providing transparent payment options and inclusive consumer financial products.
Breach Inlet Capital, a top 10 shareholder with ~2% ownership in PROG Holdings (NYSE: PRG), has issued an open letter urging the company to launch a strategic review process, citing significant value destruction under current leadership. The letter highlights that PRG's share price has fallen ~55% since its 2020 spin-off from Aaron's, underperforming peers by ~105%.
The investor criticizes PRG's declining performance, with Progressive's EBITDA projected to be ~30% below 2020 levels, while competitor Acima has grown ~25%. The letter also points out excessive executive compensation despite poor performance, with CEO and CFO compensation increasing 86% while EBITDA dropped 30% from 2021 to 2024.
Breach Inlet Capital suggests two potential scenarios for value creation: a complete company sale that could yield $45-$65 per share (60-130% upside), or selling Four Technologies, repurchasing shares, and transforming Progressive, potentially worth $45-$80 per share (60-180% upside).
PROG Holdings (NYSE: PRG), a fintech holding company, has announced a quarterly cash dividend of $0.13 per share of common stock. The dividend will be payable on June 3, 2025, to shareholders of record as of the close of business on May 20, 2025.
PROG Holdings operates through several subsidiaries including Progressive Leasing (e-commerce and point-of-sale lease-to-own solutions), Vive Financial (second-look revolving credit), Four Technologies (Buy Now, Pay Later platform), and Build (personal credit building products).
PROG Holdings (NYSE:PRG), a fintech holding company, has announced it will release its first quarter 2025 financial results on Wednesday, April 23, 2025, before the market opens. 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 (second-look revolving credit), Four Technologies (Buy Now, Pay Later platform), and Build (personal credit building products). The company is headquartered in Salt Lake City, UT.