---
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"
generated_at: "2026-05-17T02:48:12.676426+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# PROG Holdings sells $165M Vive credit card portfolio to Atlanticus; Q3 revenue $595.1M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001808834-25-000110
- JSON: https://secwatch.observer/filing/0001808834-25-000110.json
- Plain text: https://secwatch.observer/filing/0001808834-25-000110.txt

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