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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) reported Q4 2025 consolidated revenues of $574.6M (down 5.2% YoY) and net earnings from continuing operations of $19.9M. Adjusted EBITDA was $61.5M and diluted EPS from continuing operations was $0.49 (non-GAAP $0.74).
Progressive Leasing GMV was $534M (down 10.6%); PROG Marketplace GMV rose 187% and Four Technologies GMV grew 126%. Cash was $308.8M with $600M gross debt and a $0.13 quarterly dividend. 2026 revenue outlook: $3.02B–$3.14B.
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).