secwatch.observer — SEC 8-K summary
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Issuer:     PROG Holdings, Inc. (PRG)
CIK:        0001808834
Form:       8-K
Filed at:   2026-02-18T23:59:59+00:00
Accession:  0001808834-26-000011
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PROG Holdings Q4 revenue $574.6M (-5.2% YoY); Non-GAAP EPS $0.74; FY2026 guidance issued
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1808834/000180883426000011/0001808834-26-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1808834/000180883426000011/prg-20260218.htm
  HTML page:      https://secwatch.observer/filing/0001808834-26-000011

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