---
schema_version: "secwatch.filing_event.v1"
accession: "0001808834-26-000051"
form_type: "8-K"
ticker: "PRG"
cik: "0001808834"
company_name: "PROG Holdings, Inc."
filed_at: "2026-03-10T23:59:59+00:00"
generated_at: "2026-05-15T16:54:27.348828+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# PROG Holdings cuts FY2026 revenue outlook by ~$70M due to ASC 606 adoption for Purchasing Power

## Summary
- Total revenue guidance revised to $2.95B-$3.07B from $3.02B-$3.14B; Purchasing Power cut to $610M-$660M from $680M-$730M.
- Revenue reduction of ~$70M at both ends primarily from Travel and Service categories under ASC 606.
- No material impact on Purchasing Power gross margin, earnings before taxes, or adjusted EBITDA.
- Other 2026 financial guidance and assumptions unchanged; Purchasing Power still expected to grow low double-digit.
- Company holds Investor Day on March 10, 2026, with webcast available.

## SEC filing metadata
- accession: 0001808834-26-000051
- form_type: 8-K
- ticker: PRG
- cik: 0001808834
- company_name: PROG Holdings, Inc.
- filed_at: 2026-03-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1808834/000180883426000051/0001808834-26-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1808834/000180883426000051/prg-20260310.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001808834-26-000051
- JSON: https://secwatch.observer/filing/0001808834-26-000051.json
- Plain text: https://secwatch.observer/filing/0001808834-26-000051.txt

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