---
schema_version: "secwatch.filing_event.v1"
accession: "0001808834-22-000060"
form_type: "8-K"
ticker: "PRG"
cik: "0001808834"
company_name: "PROG Holdings, Inc."
filed_at: "2022-04-27T23:59:59+00:00"
generated_at: "2026-06-26T04:12:18.970071+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PROG Holdings Q1 revenues down 1.5% YoY; EPS falls to $0.49 from $1.16

## Summary
- Consolidated revenues $710.5M (-1.5% YoY); net earnings $27.1M vs $79.5M.
- Adjusted EBITDA $64.6M (9.1% of rev) vs $118.1M (16.4%) in Q1 2021.
- Diluted EPS $0.49; Non-GAAP diluted EPS $0.57, down from $1.22 a year ago.
- Progressive Leasing GMV $504.5M (-1.1% YoY); e-commerce GMV up 10% to 15.9% of total.
- Lease write-off provision rose to 7.3% of lease revenues from 2.6% in stimulus-aided Q1 2021.

## SEC filing metadata
- accession: 0001808834-22-000060
- form_type: 8-K
- ticker: PRG
- cik: 0001808834
- company_name: PROG Holdings, Inc.
- filed_at: 2022-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1808834/000180883422000060/0001808834-22-000060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1808834/000180883422000060/prg-20220427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001808834-22-000060
- JSON: https://secwatch.observer/filing/0001808834-22-000060.json
- Plain text: https://secwatch.observer/filing/0001808834-22-000060.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.