earnings
confidence high
sentiment neutral
materiality 0.65
PROG Holdings Q4 revenue $574.6M (-5.2% YoY); Non-GAAP EPS $0.74; FY2026 guidance issued
PROG Holdings, Inc.
2025-FY EPS reported
$3.59
revenue$2,409,223,000
- Q4 consolidated revenues $574.6M, down 5.2% YoY; net earnings from continuing ops $19.9M vs $58.3M (prior year included $27.8M deferred tax benefit).
- Non-GAAP diluted EPS $0.74 vs $0.78 (-5.1%); Progressive Leasing GMV $534M, down 10.6% YoY.
- Provision for lease write-offs 7.6% of leasing revenues, down 30 bps YoY; within 6-8% target.
- Full year 2026 outlook: revenues $3.02-$3.14B, Adj EBITDA $320-$350M, Non-GAAP EPS $4.00-$4.45.
- CEO cites large partner bankruptcy, sale of Vive, and Purchasing Power acquisition; Four GMV up 126% YoY.