PROG Holdings, Inc.

PROG Holdings, Inc. reported strong financial results for fiscal year 2025, with total revenues of $2.41 billion and net earnings of $146.8 million. The company generated $206.8 million in operating profit, representing an operating margin of 8.6%. Key drivers included lease operations with $1.59 billion in depreciation of lease merchandise and $173.1 million in provision for lease merchandise write-offs. The company maintained solid cash generation with $335.0 million in cash provided by operating activities and ended the year with $308.8 million in cash and cash equivalents. Earnings per share were $4.00 (basic and diluted), with $3.00 from continuing operations and $1.00 from discontinued operations. The balance sheet shows total assets of $1.61 billion, total liabilities of $864.0 million, and shareholders' equity of $746.4 million, with debt net of $594.9 million.

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