M&A
confidence high
sentiment neutral
materiality 0.65
Prog Holdings amends 8-K to file Purchasing Power FY2024 audited financials; net loss $15.2M
PROG Holdings, Inc.
- Purchasing Power (P-Squared) FY2024 revenue $543.9M, net loss $15.2M.
- Total assets $590.7M; member's deficit $13.7M as of Dec 31, 2024.
- Bad debt expense $61.0M and interest expense $37.9M for FY2024.
- Acquisition closed Jan 2, 2026; pro forma financials included as Exhibit 99.3.
- Restricted cash $9.7M; receivables net $323M current portion.