PROG Holdings, Inc. filings document regulatory disclosures for a NYSE-listed fintech holding company with common stock trading under PRG. Recent Form 8-K reports cover operating results, financial condition, dividends, outlook updates, investor presentations, material-event disclosures, board leadership changes, executive compensation arrangements and capital-structure matters tied to the company’s payment-products platform.
The company’s proxy materials disclose governance practices, director elections, shareholder voting matters, executive compensation and equity-award information. Filings also identify the company’s operating businesses, including Progressive Leasing, Four Technologies, MoneyApp and Purchasing Power, and provide formal records for recurring disclosure areas such as subsidiary activity, revenue recognition, leverage, shareholder returns and corporate governance.
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) reported Q3 2025 results and a major portfolio move. Revenue was $595.1 million, down slightly year over year, while diluted EPS was $0.82 versus $1.94 a year ago, reflecting a tougher tax comparison. Lease revenues and fees were $556.6 million, and interest and fees on loans receivable were $38.5 million.
Liquidity strengthened: cash and equivalents rose to $292.6 million, debt, net was $594.5 million, and the $350.0 million revolver had no borrowings outstanding at quarter end. As a subsequent event, the company completed the sale of substantially all Vive assets for an estimated $149.0 million in cash and expects an estimated pretax gain of approximately $30.0 million, with $3.0 to $5.0 million of related restructuring costs. Vive will be presented as discontinued operations beginning in the quarter ending December 31, 2025. Shares outstanding were 39,545,593 as of October 17, 2025.
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.