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. reports developments as a fintech holding company focused on payment options and consumer financial products. Its operating businesses include Progressive Leasing for e-commerce, app-based and in-store point-of-sale lease-to-own solutions; Four Technologies for Buy Now, Pay Later payment options; MoneyApp for interest-free cash advances; and Purchasing Power for employee purchase programs using payroll deduction or allotments.
Recurring news covers financial results, outlook updates, gross merchandise volume trends, dividends, balance-sheet actions, subsidiary financing activity, consumer research, product-ecosystem strategy and governance changes. Company updates also describe the integration and performance of Purchasing Power following its completed acquisition and the broader shift from a leasing-centered model toward a multi-product consumer access platform.
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.
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 March 25, 2025, to shareholders of record as of March 13, 2025.
The company, headquartered in Salt Lake City, operates through multiple subsidiaries including Progressive Leasing, a provider of lease-to-own solutions; Vive Financial, offering second-look revolving credit products; Four Technologies, providing Buy Now, Pay Later options; and Build, offering personal credit building products.
PROG Holdings (NYSE:PRG) reported strong Q4 2024 results with consolidated revenues of $623.3 million, up 8.0% year-over-year. Net earnings reached $57.5 million with diluted EPS of $1.34 and non-GAAP diluted EPS of $0.80. Progressive Leasing achieved GMV of $597.5 million, marking 9.1% growth year-over-year.
The company ended Q4 with $95.7 million in cash and $650.0 million in gross debt. During the quarter, PROG repurchased $40.5 million of stock at an average price of $47.03 per share and paid a $0.12 per share dividend.
For 2025, PROG projects total revenues between $2.515-2.590 billion, net earnings of $115.5-133.5 million, and adjusted EBITDA of $260-280 million. The outlook assumes a challenging operating environment with soft consumer durable goods demand.