{"schema_version":"secwatch.filing_event.v1","accession":"0001808834-25-000110","form_type":"8-K","ticker":"PRG","cik":"0001808834","company_name":"PROG Holdings, Inc.","filed_at":"2025-10-22T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.535823+00:00","generated_at":"2026-05-17T02:48:12.676426+00:00","sec_items":["1.01","2.02","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"PROG Holdings sells $165M Vive credit card portfolio to Atlanticus; Q3 revenue $595.1M","bullets":["Sold ~$165M in credit card/loan receivables to Atlanticus subsidiary for ~$150M cash; 3-year non-compete.","Q3 consolidated revenue $595.1M (-1.8% YoY); net earnings $33.1M vs $84.0M (prior year included $53.6M tax benefit).","Adjusted EBITDA $67.0M (11.3% margin); Non-GAAP diluted EPS $0.90 (+16.9% YoY); diluted GAAP EPS $0.82.","Progressive Leasing GMV $410.9M (-10% YoY); Four Technologies GMV +162.8% with third consecutive positive EBITDA quarter.","Full-year 2025 revenue guidance cut to $2.41B-$2.435B; Q4 revenue outlook $575M-$590M; Vive excluded as discontinued ops."],"urls":{"canonical":"https://secwatch.observer/filing/0001808834-25-000110","json":"https://secwatch.observer/filing/0001808834-25-000110.json","markdown":"https://secwatch.observer/filing/0001808834-25-000110.md","text":"https://secwatch.observer/filing/0001808834-25-000110.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1808834/000180883425000110/0001808834-25-000110-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1808834/000180883425000110/prg-20251022.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T02:48:12.676426+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"}