{"schema_version":"secwatch.filing_event.v1","accession":"0001808834-22-000126","form_type":"8-K","ticker":"PRG","cik":"0001808834","company_name":"PROG Holdings, Inc.","filed_at":"2022-07-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:57.112894+00:00","generated_at":"2026-06-24T08:17:17.728000+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"PROG Holdings Q2 net earnings drop to $19.5M; GMV down 2.4%; adjusted EBITDA margin halves to 8%","bullets":["Consolidated revenues $649.4M (-1.6% YoY); net earnings $19.5M vs $68.8M; diluted EPS $0.37 vs $1.02.","Adjusted EBITDA $52.2M (8.0% of revenues) vs $104.9M (15.9%) YoY; Non-GAAP diluted EPS $0.52 vs $1.09.","Progressive Leasing GMV $494M (-2.4% YoY); e-commerce GMV up 17.6% to 15.6% of total GMV.","Provision for lease write-offs 9.8% of lease revenues; inflationary pressures driving higher delinquencies.","Launched as exclusive LTO provider for Samsung.com; repurchased $98.4M stock at avg $25.23/share."],"urls":{"canonical":"https://secwatch.observer/filing/0001808834-22-000126","json":"https://secwatch.observer/filing/0001808834-22-000126.json","markdown":"https://secwatch.observer/filing/0001808834-22-000126.md","text":"https://secwatch.observer/filing/0001808834-22-000126.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1808834/000180883422000126/0001808834-22-000126-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1808834/000180883422000126/prg-20220727.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-24T08:17:17.728000+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}