---
schema_version: "secwatch.filing_event.v1"
accession: "0001808834-22-000145"
form_type: "8-K"
ticker: "PRG"
cik: "0001808834"
company_name: "PROG Holdings, Inc."
filed_at: "2022-10-26T23:59:59+00:00"
generated_at: "2026-06-23T00:54:54.880656+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PROG Holdings Q3 revenue down 3.8%; cuts full-year outlook

## Summary
- Consolidated revenues $625.8M, down 3.8% YoY; net earnings $16.0M vs $57.4M.
- Adjusted EBITDA $65.0M (10.4% of revenue) vs $93.6M (14.4%) in prior year.
- Diluted EPS $0.32; Non-GAAP diluted EPS $0.68 vs $0.94 YoY.
- Progressive Leasing GMV down 11.3% to $437.4M; write-offs improved to 7.2% from Q2 9.8%.
- Full-year 2022 outlook lowered: revenues $2.58-2.59B, diluted EPS $1.63-1.69 (from $2.09-2.33).

## SEC filing metadata
- accession: 0001808834-22-000145
- form_type: 8-K
- ticker: PRG
- cik: 0001808834
- company_name: PROG Holdings, Inc.
- filed_at: 2022-10-26T23:59:59+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/1808834/000180883422000145/0001808834-22-000145-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1808834/000180883422000145/prg-20221026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001808834-22-000145
- JSON: https://secwatch.observer/filing/0001808834-22-000145.json
- Plain text: https://secwatch.observer/filing/0001808834-22-000145.txt

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