secwatch.observer — SEC 8-K summary
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Issuer:     PROG Holdings, Inc. (PRG)
CIK:        0001808834
Form:       8-K
Filed at:   2026-07-29T12:24:13+00:00
Accession:  0001808834-26-000101
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1808834/000180883426000101/0001808834-26-000101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1808834/000180883426000101/prg-20260729.htm
  HTML page:      https://secwatch.observer/filing/0001808834-26-000101

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