PROG Holdings Q2 revenue $719.7M (+22.3%), raises FY2026 guidance; board member Curling dies

PROG Holdings, Inc.

Q2 consolidated revenue $719.7M (+22.3% YoY); adjusted EBITDA $88.4M (+22.8%); non-GAAP EPS $1.19 (+19%).
Consolidated GMV $902M (+60.1%); Progressive Leasing GMV +3.4%, Four GMV +110.6%, Purchasing Power GMV +15.2%.
Net leverage ratio improved to 1.7x from 2.5x post-Purchasing Power acquisition; repaid $50M debt in quarter.
Raised FY2026 outlook: revenue $3.025B-$3.1B, adjusted EBITDA $355M-$375M, non-GAAP EPS $4.75-$5.00.
Board member Douglas C. Curling passed away July 25; board reduced from 10 to 9 members.

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