Every 8-K that PROG Holdings, Inc. (PRG) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow PRG and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PRG filings page.
PROG Holdings, Inc., a fintech holding company for Progressive Leasing, Four Technologies, MoneyApp and Purchasing Power, announced that its Board of Directors declared a quarterly cash dividend of $0.14 per share on its common stock.
The dividend is scheduled to be paid on September 3, 2026 to shareholders of record at the close of business on August 18, 2026. The company provides a range of inclusive and transparent consumer payment options, including lease-to-own, Buy Now, Pay Later, short-term liquidity solutions and voluntary employee purchase programs.
PROG Holdings, Inc. reported second‑quarter 2026 revenue from continuing operations of $719.7 million, up 22.3% year over year, with consolidated gross merchandise volume of $902.0 million, up 60.1%. Net earnings from continuing operations were $37.4 million, while adjusted EBITDA reached $88.4 million (12.3% margin) and non‑GAAP diluted EPS rose to $1.19 from $1.00.
Progressive Leasing delivered modest GMV growth but lower revenue, while Four and Purchasing Power produced triple‑digit and double‑digit GMV gains, respectively. The company ended the quarter with a net leverage ratio of 1.7x, having reduced total debt by $304.9 million since acquiring Purchasing Power, repurchased $10.2 million of stock, and paid a $0.14 dividend. Management raised full‑year 2026 revenue, adjusted EBITDA, and non‑GAAP EPS outlooks and issued Q3 2026 guidance. Separately, director Douglas C. Curling passed away on July 25, 2026, and the Board size was reduced from ten to nine members.
PROG Holdings, Inc. reported several governance and capital return actions. The Board elected President and CEO Steven A. Michaels as Chairman, while former Chairman Ray M. Robinson became Lead Independent Director. To support long-term retention, the Board granted Mr. Michaels a one-time $5 million restricted stock unit award that vests ratably on the third, fourth and fifth anniversaries of the grant date.
The company also held its 2026 annual meeting, where shareholders elected all director nominees, approved a non-binding resolution on executive compensation, ratified Ernst & Young LLP as independent auditor for 2026, and approved an amendment to the Amended and Restated 2015 Equity and Incentive Plan. As of March 9, 2026, there were 40,058,369 common shares outstanding and entitled to vote, with 36,885,068 shares represented, or 92% of eligible shares.
In a separate action, the Board declared a quarterly cash dividend of $0.14 per share of common stock, payable on June 2, 2026 to shareholders of record as of May 19, 2026.
PROG Holdings reported strong Q1 2026 results and increased its full-year 2026 outlook. Revenue from continuing operations rose 11.1% to $742.7 million, while net earnings from continuing operations reached $36.2 million.
Adjusted EBITDA grew 29.2% to $90.3 million, lifting margin to 12.2% of revenues. Diluted EPS from continuing operations was $0.89, and non-GAAP diluted EPS climbed 37.8% to $1.24. Consolidated GMV rose 54.4% to $805.6 million, helped by the Purchasing Power acquisition and triple-digit growth at Four Technologies.
The company ended the quarter with $69.4 million of cash and $943.7 million of gross debt, and has reduced net recourse debt by $210 million since acquiring Purchasing Power, bringing its net leverage ratio to 2.0x. PROG now guides 2026 revenue to $3.0–$3.1 billion, adjusted EBITDA to $343–$370 million, and non-GAAP EPS to $4.40–$4.80, all higher than previous ranges.
PROG Holdings, Inc. filed an amended report to add full-year 2024 and interim 2025 financial statements for its newly acquired subsidiary P‑Squared, LLC (Purchasing Power) and related unaudited pro forma results for the combined company. These disclosures help show how Purchasing Power’s business fits into PROG’s financial profile.
For 2024, Purchasing Power generated about $543.9 million in total revenue, mainly from product sales, and recorded a net loss of roughly $15.2 million. At year-end 2024 it reported total assets of about $590.7 million, long‑term debt of roughly $497.8 million, and negative member’s equity. The notes state PROG’s subsidiary acquired Purchasing Power on January 2, 2026 for $420 million in cash, and subsequent events describe repayment of several Purchasing Power debt facilities and a new $225 million asset‑backed notes issuance in 2026.
PROG Holdings updated its 2026 outlook to reflect ASC 606 revenue recognition for its recently acquired Purchasing Power business. Travel and Service revenue there will be reported net of certain direct costs, cutting Purchasing Power’s 2026 revenue guidance by about $70 million at both ends of its range.
The company now expects total 2026 revenues from continuing operations of $2.95–$3.07 billion and Purchasing Power revenues of $610–$660 million, while still targeting low double‑digit Purchasing Power growth. Management reaffirmed that these changes are largely presentation‑driven and are not expected to materially affect gross margin, earnings before taxes, adjusted EBITDA, or the broader 2026 financial outlook, including adjusted EBITDA of $320–$350 million and non‑GAAP EPS of $4.00–$4.45.
PROG Holdings, Inc. announced that its Board of Directors has increased the quarterly cash dividend to $0.14 per share of common stock, a 7.7% rise from the prior $0.13 dividend. The dividend will be paid on March 24, 2026 to shareholders of record as of March 12, 2026.
The company describes itself as a fintech holding company for Progressive Leasing, Purchasing Power, Four Technologies, and MoneyApp, offering various consumer-focused payment and financial products.
PROG Holdings reported fourth-quarter 2025 consolidated revenues from continuing operations of $574.6 million, down 5.2% year over year, with net earnings of $40.5 million and net earnings from continuing operations of $19.9 million.
Adjusted EBITDA from continuing operations was $61.5 million, or 10.7% of revenues, and non-GAAP diluted EPS from continuing operations was $0.74 versus $0.78 a year earlier. Progressive Leasing’s GMV was $534.0 million, down 10.6%, while provision for lease merchandise write-offs improved to 7.6% of revenue.
The company ended 2025 with cash of $308.8 million and gross debt of $600.0 million, and generated $334.9 million in operating cash flow. For full-year 2026, PROG guides revenues from continuing operations of $3.02–$3.14 billion and diluted EPS from continuing operations of $3.34–$3.79, with non-GAAP diluted EPS of $4.00–$4.45.
PROG Holdings completed its previously announced acquisition of P-Squared, LLC on January 2, 2026 through its subsidiary PROG Beach, LLC. The purchaser paid approximately $420 million in cash, subject to customary adjustments, and the acquired business retains about $330 million of non-recourse funding debt under securitization and warehouse facilities.
To finance the deal and related costs, the company amended its existing credit agreement to add a $125 million incremental term loan, alongside $135 million of revolving borrowings and cash on hand. The new term loan shares guarantees and collateral with the revolver and matures on November 15, 2029. The amendment also updates interest-rate grids and commitment fees based on total net leverage, relaxes the maximum total net leverage ratio to 3.25x in fiscal 2026, and introduces a new $150 million restricted payment basket while permitting certain receivables and warehouse financings.
The acquisition gives PROG Holdings control of the seller’s voluntary employee benefit program, which lets workers purchase brand-name products and services through payroll deductions without credit checks. Required financial statements and pro forma financial information for the acquired business will be filed by amendment within 71 days.
PROG Holdings, Inc. is expanding through acquisition. On December 1, 2025, its wholly owned subsidiary PROG Beach, LLC agreed to buy all of the equity of P-Squared, LLC from Purchasing Power Parent, LLC for cash consideration of $420 million.
The acquired business runs a voluntary employee benefit program that lets workers purchase brand-name products and services through automatic payroll deductions without credit checks. The Acquired Entity has about $330 million of non-recourse funding debt under securitization and warehouse facilities that will remain outstanding after closing.
The deal is subject to customary conditions, including accurate representations, compliance with covenants, expiration or termination of applicable Hart-Scott-Rodino waiting periods, no legal blocks, and no material adverse effect. PROG plans to fund the purchase with a mix of cash on hand and debt financing. Either party may terminate if closing does not occur within 120 days of signing, and the transaction is expected to close in early 2026. PROG also announced the deal via press release and will host an investor call.
PROG Holdings, Inc. (PRG) announced that its Board of Directors declared a quarterly cash dividend of $0.13 per share.
The dividend is payable on December 2, 2025 to shareholders of record as of November 18, 2025. The company furnished a press release as Exhibit 99.1.
PROG Holdings (PRG) sold a consumer receivables portfolio through its subsidiary Vive Financial to Fortiva Funding, a subsidiary of Atlanticus. The Purchaser acquired approximately $165 million in receivables, and the Seller received approximately $150 million in cash. PROG is a party to the agreement solely to guarantee the Seller’s obligations.
The agreement includes a three‑year non‑compete restricting Vive and affiliates from originating, marketing, or servicing open‑end credit card products substantially similar to the portfolio, subject to carveouts. A transition services agreement provides limited-period receivables processing, collection, and administration support to the Purchaser. Separately, the company furnished a press release announcing Q3 2025 results and another announcing the portfolio sale.