secwatch.observer — SEC 8-K summary
======================================

Issuer:     PROG Holdings, Inc. (PRG)
CIK:        0001808834
Form:       8-K
Filed at:   2025-07-23T23:59:59+00:00
Accession:  0001808834-25-000095
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PROG Holdings Q2 rev $604.7M (+2.1%), EPS $0.95/$1.02; raises FY low-end guidance
--------------------------------------------------------------------------------

- Consolidated net earnings $38.5M vs $33.8M YoY; adjusted EBITDA $73.5M (12.2% margin).
- Progressive Leasing GMV $413.9M (-8.9% YoY); write-off rate 7.5% within 6-8% target.
- Four Technologies GMV grew 166.5% with second consecutive quarter of positive pre-tax income.
- Repurchased $25.7M stock at avg $28.51; $309.6M remaining under $500M buyback; $0.13 dividend.
- FY 2025 outlook raised low end: rev $2.45-$2.50B, Non-GAAP EPS $3.20-$3.35, Adj. EBITDA $255-$265M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1808834/000180883425000095/0001808834-25-000095-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1808834/000180883425000095/prg-20250723.htm
  HTML page:      https://secwatch.observer/filing/0001808834-25-000095

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer