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Prog Holdings, Inc. (PRG) stock

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NYSE: PRG NYSE Consumer Finance Next results ~February 17, 2027

C+ Fundamentals grade

Prog Holdings, Inc. is a US-listed company in the consumer finance industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: our cash-flow value ($164.08) is 4.40x the share price ($37.27); a gap this wide almost always means a data problem.

Price vs value

Under review: our cash-flow value ($164.08) is 4.40x the share price ($37.27); a gap this wide almost always means a data problem. We'll show the comparison once resolved.

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 2 selling0 purchases and 3 sales by directors and officers, last 12 monthsInsider trades
  • Funds146 adding, 124 cuttingOf 57 active managers that changed their stake, 32 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Prog Holdings files

10-Q filed October 28: Prog

Revenue for the twelve months to September 2026 was $2.76bn, up 15.4% on a year earlier, faster than the 8.0% growth a quarter earlier. Free-cash-flow margin held at 11.4%.

Our model value for Prog Holdings is under review, so past values are not shown until it is resolved.

Source: 10-Q filed October 28, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (2)

10-Q filed July 30: Prog

Prog Holdings posted revenue of $2.76bn for the twelve months to June 2026. That marked a 15.4% rise on the same period a year earlier. Growth also picked up pace, having stood at 8.0% a quarter earlier. On the cash side, the free cash flow margin held steady at 11.4%.

10-Q on SEC EDGAR

Where Prog stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $2.58bn, up 6.6% on a year earlier, faster than the 1.1% growth a quarter earlier. Free-cash-flow margin rose to 12.3% from 9.0% a year earlier. The diluted share count is down 3.4% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 1 of our 5 financial-health checks.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 17, 2027 (estimated)

Prog Holdings, Inc.'s trailing-twelve-month revenue grew 15.4% year on year, with a free-cash-flow margin of 11.4%. Where it stands out: change in growth rate of +7.5pp ranks 6 of 38 consumer finance companies we cover.

Our discounted-cash-flow model values the business at ~$160 per share in the base case (~$120–$220 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth accelerating: TTM revenue growth rose to 15.4% (+7.5pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Strengths

  • Fast growth. Revenue grew 15.4% over the last 12 months, against a median of 10.4% for consumer finance companies we cover.
  • Growth speeding up. The growth rate is 7.5 points higher than a quarter earlier.
  • Shrinking share count. Diluted shares fell 1.8% in a year, so each share owns more of the business.

Things to watch

  • Volatile shares. Over the past year the shares showed annualised volatility of 49% and a beta of 1.0 against the S&P 500.
  • Heavily shorted. 12.1% of the shares available to trade are sold short (4.5 days of average volume to cover).

Latest results: FY2026 Q3

Filed October 28, 2026
Earnings per share
$1.06 against an average estimate of $1.09: missed by 3.0%
Revenue
$726m, up 25.6% on a year earlier
Share reaction
+13.1% in the first session after the results on October 28, 2026, against 0.0% for the S&P 500
Next report
October 28, 2026; average EPS estimate $1.26

Prog Holdings' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+9.9%
  • 1 week+29.5%
  • 1 month+23.2%
  • This year+31.1%
  • 1 year+34.3%
  • 5 years-16.3%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$2.8B
Operating margin
8.5%
Net margin
5.5%
EPS (TTM, diluted)
$3.71

Growth

Revenue growth
+15.4%
Change in growth rate
+7.5 pts
Share count change
−1.8%

Cash

Free cash flow (TTM)
$316M
FCF margin
11.4%
Stock pay % of revenue
1.2%

Earnings

Last results
October 28, 2026
Next results (est.)
February 17, 2027

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Results
  3. Announcement
  4. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: our cash-flow value ($164.08) is 4.40x the share price ($37.27); a gap this wide almost always means a data problem.

Our value per share comes from a discounted-cash-flow model of Prog Holdings, Inc.'s free cash flow after stock-based pay ( $281M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Prog Holdings, Inc. as a bank or lender, with every model that fits that kind of business. Cost of equity 8.7%: the 10-year Treasury yield (4.9%) plus a beta of 0.84 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$160 ~$120–$220 Primary model, counts double
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$88 ~$61–$130 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$66 ~$56–$80 Included
Price-to-book vs return on equity (peers) The price-to-book that peers with this return on equity trade on, from a line fitted across peers. ~$39 ~$28–$50 Included
Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. ~$16 ~$21–$31 Left out: far from the other models (more than 3x away from their median)
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$54 ~$51–$65 Included
Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. ~$68 ~$56–$87 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Prog Holdings, Inc. with banks and lenders in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

Prog Holdings, Inc.: market value and multiples by fiscal year
At fiscal year end 20182019202020212022202320242025Now
Share price$33.95$46.22$51.63$43.24$16.19$29.63$41.01$29.13$38.19
Market value$2.4bn$3.1bn$3.5bn$2.9bn$843m$1.4bn$1.8bn$1.2bn$1.6bn
+ Net debt (− = net cash)−$15m−$58m$13m$430m$468m$445m$559m$291m$763m
Enterprise value$2.4bn$3.1bn$3.5bn$3.3bn$1.3bn$1.8bn$2.3bn$1.5bn$2.3bn
Multiples
Price / sales 1.2x1.4x1.4x1.1x0.3x0.6x0.7x0.5x0.6x
Price / earnings 12.2x98.9x—11.8x8.5x9.9x9.1x8.1x10.3x
Price / free cash flow 8.6x13.9x9.0x12.1x3.6x7.1x13.7x3.7x4.9x
EV / EBITDA 14.5x83.2x12.5x9.6x6.0x7.3x10.6x6.4x8.4x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

66 /100

Moderate moat

How hard Prog Holdings's competitive advantage looks for rivals to wear away, judged from 7 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 17 / 20

    Net income has been a median 10.5% of total assets over 7 years.

  • Durability 4 / 20

    Operating margin has been a median 8.5%; its worst year was 1.8%.

  • Cash conversion 15 / 20

    Free cash flow was positive in 7 of 7 years, at a median 9.9% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 39.9% over five years; stock-based pay has been a median 1.1% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (70 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Prog Holdings, Inc.: consensus estimates
Fiscal yearEPSGrowthRevenueGrowth
Current $4.76 +36% $3.0bn +26%
Next $5.54 +16% $3.2bn +7%

Next year's EPS estimate has moved −1.8% in 90 days, across 7 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −3.7% on 90 days ago. In the last 30 days, 0 analysts raised Prog Holdings, Inc.'s forecast and 1 cut it.

Consensus EPS forecast Prog Holdings, Inc., last 90 days
$4.50 $5.00 $5.50 $6.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $4.94 Current fiscal year, 60 days ago: $4.94 Current fiscal year, 30 days ago: $4.92 Current fiscal year, 7 days ago: $4.92 Current fiscal year, Now: $4.76 $4.76 Next fiscal year, 90 days ago: $5.64 Next fiscal year, 60 days ago: $5.64 Next fiscal year, 30 days ago: $5.55 Next fiscal year, 7 days ago: $5.55 Next fiscal year, Now: $5.54 $5.54

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $4.94$5.64
60 days ago $4.94$5.64
30 days ago $4.92$5.55
7 days ago $4.92$5.55
Now $4.76$5.54

Earnings against estimates

Prog Holdings, Inc.: reported EPS against the consensus estimate
Quarter toEstimateActualSurprise
Sept 2026 $1.09 $1.06 −3.0%
Jun 2026 $0.95 $1.19 +25.8%
Mar 2026 $0.78 $1.24 +58.1%
Dec 2025 $0.60 $0.74 +22.3%

Adjusted EPS as companies report it, against the average analyst estimate.

How our valuation uses these forecasts

Our cash-flow model grows Prog Holdings, Inc.'s revenue by +13.6% next year and +8.9% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+15.6%, weight 66%) and the company's own record (+9.8%, weight 34%) . How the weights are set.

Analyst recommendations

7 analysts, Oct 2026
Buy7100%
Hold00%
Sell00%

Monthly trend

  1. Oct 2026167
  2. Sep 20261517
  3. Aug 20261528

Counts of recommendations published by analysts covering Prog Holdings, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
12.1%
of tradable shares
Days to cover
4.52
at average volume
Short interest, 1 month
+19%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
4.4%
of shares
Employees
1,235
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +34.3%

$28.44 on October 31, 2025 to $38.19

Prog Holdings, Inc.: share-price change split into its parts
PartThenNowEffect
Revenue (last 12 months) $2.4bn $2.6bn +8.0%
Net margin 8.9% 5.6% −36.7%
P/E multiple 5.6x 10.6x +89.8%
Share count 42m 41m +3.5%

Biggest factor: p/e multiple.

Last 3 years +38.1%

$27.65 on November 3, 2023 to $38.19

Prog Holdings, Inc.: share-price change split into its parts
PartThenNowEffect
Revenue (last 12 months) $2.5bn $2.6bn +5.2%
Net margin 5.5% 5.6% +1.5%
P/E multiple 9.8x 10.6x +8.0%
Share count 49m 41m +19.7%

Biggest factor: share count.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Prog Holdings, Inc.: yearly return, monthly win rate and worst fall against the S&P 500
Calendar year 202120222023202420252026 to date
Return
PRG−16%−63%+83%+38%−29%+31%
Industry peers (median)+44%−33%+12%+19%+22%−4%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
PRG42%42%50%58%50%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
PRG−56%−73%−36%−17%−45%−38%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 3, 2015: 81% from October 29, 2019 to October 21, 2022. Getting back needed a 423% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$25.86 – $47.37
From 52-week high
−19.4%
vs 50-day average
+12.3%
vs 200-day average
+7.5%
Volatility (1 year)
49%
Beta vs S&P 500
0.96

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±13.9%
After a week
6 up, 5 down
typical move ±12.8%
After a month
6 up, 5 down
typical move ±16.5%
Prog Holdings, Inc.: share-price change after each results release
Results releasedNext dayS&P 500 next day5 days21 days
October 28, 2026 +13.1% 0.0% — —
July 29, 2026 −4.7% +0.1% +1.7% −11.8%
April 29, 2026 +24.1% +1.0% +25.8% +27.9%
February 18, 2026 +19.3% +0.2% +9.5% −17.0%
October 22, 2025 −4.8% +0.1% −8.1% −18.5%
July 23, 2025 +14.1% +0.9% +13.3% +14.8%
April 23, 2025 −6.1% +3.7% −0.9% +8.3%
February 19, 2025 −31.6% −0.2% −35.1% −36.0%
October 23, 2024 −8.7% −0.7% −6.5% −1.1%
July 24, 2024 +22.2% −2.8% +30.1% +31.5%
April 24, 2024 +6.6% −0.4% +1.4% +8.9%
February 21, 2024 −11.3% +2.2% −8.9% +5.9%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Prog Holdings, Inc. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Prog Holdings, Inc.
$2.2B $2.4B $2.6B $2.8B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $2.3B Revenue (TTM), FY24 Q1: $2.3B Revenue (TTM), FY24 Q2: $2.3B Revenue (TTM), FY24 Q3: $2.3B Revenue (TTM), FY24 Q4: $2.4B Revenue (TTM), FY25 Q1: $2.4B Revenue (TTM), FY25 Q2: $2.4B Revenue (TTM), FY25 Q3: $2.4B Revenue (TTM), FY25 Q4: $2.4B Revenue (TTM), FY26 Q1: $2.5B Revenue (TTM), FY26 Q2: $2.6B Revenue (TTM), FY26 Q3: $2.8B $2.8B

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $2.3B
FY24 Q1 $2.3B
FY24 Q2 $2.3B
FY24 Q3 $2.3B
FY24 Q4 $2.4B
FY25 Q1 $2.4B
FY25 Q2 $2.4B
FY25 Q3 $2.4B
FY25 Q4 $2.4B
FY26 Q1 $2.5B
FY26 Q2 $2.6B
FY26 Q3 $2.8B
Revenue growth, TTM YoY Prog Holdings, Inc.
-10% 0% 10% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -9.9% Revenue growth, TTM YoY, FY24 Q1: -8.5% Revenue growth, TTM YoY, FY24 Q2: -6.5% Revenue growth, TTM YoY, FY24 Q3: -3.9% Revenue growth, TTM YoY, FY24 Q4: 2.6% Revenue growth, TTM YoY, FY25 Q1: 4.3% Revenue growth, TTM YoY, FY25 Q2: 4.2% Revenue growth, TTM YoY, FY25 Q3: 1.9% Revenue growth, TTM YoY, FY25 Q4: 0.4% Revenue growth, TTM YoY, FY26 Q1: 2.4% Revenue growth, TTM YoY, FY26 Q2: 8.0% Revenue growth, TTM YoY, FY26 Q3: 15.4% 15.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -9.9%
FY24 Q1 -8.5%
FY24 Q2 -6.5%
FY24 Q3 -3.9%
FY24 Q4 2.6%
FY25 Q1 4.3%
FY25 Q2 4.2%
FY25 Q3 1.9%
FY25 Q4 0.4%
FY26 Q1 2.4%
FY26 Q2 8.0%
FY26 Q3 15.4%
Operating margin (TTM) Prog Holdings, Inc.
7% 7.5% 8% 8.5% 9% 9.5% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 9.3% Operating margin (TTM), FY24 Q1: 7.8% Operating margin (TTM), FY24 Q2: 7.7% Operating margin (TTM), FY24 Q3: 7.4% Operating margin (TTM), FY24 Q4: 8.1% Operating margin (TTM), FY25 Q1: 8.7% Operating margin (TTM), FY25 Q2: 8.9% Operating margin (TTM), FY25 Q3: 9.1% Operating margin (TTM), FY25 Q4: 8.6% Operating margin (TTM), FY26 Q1: 8.7% Operating margin (TTM), FY26 Q2: 8.5% Operating margin (TTM), FY26 Q3: 8.5% 8.5%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 9.3%
FY24 Q1 7.8%
FY24 Q2 7.7%
FY24 Q3 7.4%
FY24 Q4 8.1%
FY25 Q1 8.7%
FY25 Q2 8.9%
FY25 Q3 9.1%
FY25 Q4 8.6%
FY26 Q1 8.7%
FY26 Q2 8.5%
FY26 Q3 8.5%
FCF margin (TTM) Prog Holdings, Inc.
5% 10% 15% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 8.3% FCF margin (TTM), FY24 Q1: 7.4% FCF margin (TTM), FY24 Q2: 7.8% FCF margin (TTM), FY24 Q3: 5.4% FCF margin (TTM), FY24 Q4: 5.4% FCF margin (TTM), FY25 Q1: 8.4% FCF margin (TTM), FY25 Q2: 9.0% FCF margin (TTM), FY25 Q3: 12.4% FCF margin (TTM), FY25 Q4: 13.5% FCF margin (TTM), FY26 Q1: 11.5% FCF margin (TTM), FY26 Q2: 12.2% FCF margin (TTM), FY26 Q3: 11.4% 11.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 8.3%
FY24 Q1 7.4%
FY24 Q2 7.8%
FY24 Q3 5.4%
FY24 Q4 5.4%
FY25 Q1 8.4%
FY25 Q2 9.0%
FY25 Q3 12.4%
FY25 Q4 13.5%
FY26 Q1 11.5%
FY26 Q2 12.2%
FY26 Q3 11.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Prog Holdings took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $2.4B
  2. Selling, general and admin $379M · 15.7%
  3. Other operating costs $1.8B · 75.7%
  4. Operating income $207M · 8.6%
  5. Income tax $50.2M · 2.1%
  6. Net income $147M · 6.1%
Where Prog Holdings's revenue went, FY2025
Revenue $2.4B
Selling, general and admin $379M 15.7% of revenue
Other operating costs $1.8B 75.7% of revenue
Operating income $207M 8.6% of revenue
Income tax $50.2M 2.1% of revenue
Net income $147M 6.1% of revenue

Shares of revenue. Source: Prog Holdings's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Prog Holdings, Inc.: annual financial statements
Fiscal year 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 2,036 2,163 2,485 2,678 2,598 2,339 2,399 2,409 2,763
EBITDA 164 37 281 345 219 250 221 231 277
Operating income 157 28 272 334 186 219 195 207 235
Net income 196 31 −61 244 99 139 197 147 151
Diluted EPS $2.78 $0.47 −$0.90 $3.67 $1.90 $2.98 $4.53 $3.59 $3.71
Growth (year on year)
Revenue — +6.2% +14.9% +7.8% −3.0% −9.9% +2.6% +0.4% +15.4%
EBITDA — −77.6% — +22.4% −36.3% +13.9% −11.6% +4.4% +14.7%
Operating income — −82.4% — +22.7% −44.3% +17.8% −11.0% +6.2% +7.9%
Net income — −84.0% — — −59.5% +40.7% +42.1% −25.6% −8.0%
Diluted EPS — −83.1% — — −48.2% +56.8% +52.0% −20.8% −6.3%
Margins
EBITDA margin 8.0% 1.7% 11.3% 12.9% 8.4% 10.7% 9.2% 9.6% 10.0%
Operating margin 7.7% 1.3% 10.9% 12.5% 7.1% 9.3% 8.1% 8.6% 8.5%
Net margin 9.6% 1.5% −2.5% 9.1% 3.8% 5.9% 8.2% 6.1% 5.5%
Free-cash-flow margin 13.6% 10.4% 15.8% 8.8% 9.0% 8.3% 5.4% 13.5% 11.4%
Cash flow
Cash from operations 356 317 456 246 242 204 139 335 331
Capital spending 79 93 64 10 10 10 8 10 16
Free cash flow 278 224 392 236 233 195 130 325 316
Stock-based pay 28 27 −3 21 18 25 29 29 32
Free cash flow after stock pay 249 198 394 215 215 170 101 296 284
Balance sheet
Cash 15 58 37 170 132 155 91 309 109
Total debt 0 0 50 600 600 600 650 600 872
Net debt (negative = net cash) −15 −58 13 430 468 445 559 291 763
Diluted shares 71m 67m 68m 66m 52m 47m 44m 41m 41m
Returned to shareholders
Dividends 6 9 14 0 0 0 20 21 22
Buybacks 169 69 0 142 224 140 139 52 47
Total returned 175 79 14 142 224 140 159 73 69

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 5 checks passed · September 30, 2026
  • Short-term assets cover short-term liabilities The company doesn't report a short-term split. Not assessable.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $109m of cash against $866m of debt.
  • Debt below 40% of shareholders' equity Debt is 107% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 93% to 107% over five years.
  • A year's operating cash flow covers at least 20% of debt $331m of operating cash flow against $866m of debt.
  • Operating profit covers interest at least five times over Operating income of $235m against $67m of interest.

From Prog Holdings, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$46.9M
Dividends (TTM)
$21.9M
Returned to shareholders
22%
of free cash flow
Buybacks, last 3 fiscal years
$330M
Diluted share count
−1.8%
year over year
Total shareholder yield
4.4%
dividends 1.4% + buybacks 3.0% of market value
Dividend payout ratio
15%
of net income paid out
Sales & admin spending
17.9%
of revenue

Competitors: side by side with peers

Closest by revenue in consumer finance
Growth, margins and cash generation against peers
Last 12 months unless stated PRG QFIN ATLC CACC GDOT KLAR Median
Revenue, last 12 months $2.8bn $2.7bn $2.7bn $2.3bn $2.3bn $3.5bn $1.6bn
Revenue growth, last 12 months 15.4% 12.0% 83.7% 1.7% 17.7% 24.8% 10.4%
Revenue growth, 3-year average 4.2% — 34.1% 7.8% 15.6% — 11.3%
Revenue growth, latest quarter 25.6% — 88.8% 2.1% 18.2% — 10.6%
Gross margin — 84.4% 92.6% — — — 58.0%
Operating margin 8.5% 34.8% — — 0.3% −6.6% 11.2%
Operating margin, 3-year average 8.3% 34.1% — — 0.6% — 19.8%
Net margin 5.5% 31.2% 5.8% 14.4% −1.1% −7.8% 10.5%
Cash from operations / revenue 12.0% 57.7% 35.3% 53.8% 6.9% −29.4% 22.7%
Free-cash-flow margin 11.4% 56.5% 35.3% 53.6% 3.7% −29.5% 18.4%
Free-cash-flow margin, 3-year average 9.7% 25.4% 36.6% 51.9% 2.6% — 23.6%
Stock pay / revenue 1.2% 2.0% 0.3% 1.9% 0.8% 4.5% 1.3%
Change in share count −1.8% −10.3% 0.6% −10.1% 3.2% 1.7% −0.8%

Median of all 39 companies we cover in consumer finance. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

39 consumer finance companies
Measures ranked against peers
Measure Company Peer median Rank
Revenue growth Growth 15.4% 10.4% 16 of 39
Change in growth rate Growth +7.5pp +0.6pp 6 of 38
Operating margin Profitability 8.5% 13.9% 9 of 16
Net margin Profitability 5.5% 10.5% 26 of 39
Stock pay as % of revenue Cash generation 1.2% 1.3% 17 of 36
Change in share count Balance sheet -1.8% -0.0% 15 of 38

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Lease Revenues and Fees $2.3B 96.4% ▼ 1.8%
Other Revenues $86.5M 3.6% ▲ 165.3%

From Prog Holdings, Inc.'s 10-K filed February 18, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Reported value
$1.9B
Institutions reporting
289
Shares held vs prior quarter
▲ 2.4%
Positions opened / closed
45 / 27

Top buyers and sellers, Q2 2026: 146 institutions bought and 124 sold ; the biggest buyer was Blackrock, Inc (+616K shares) and the biggest seller Goldman Sachs Group Inc (−491K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $319M 6.8M 16.5% ▲ 9.9%
Vanguard Portfolio Management LLC $117M 2.5M 6.0% ▲ 1.6%
State Street Corp $80.4M 1.7M 4.1% ▲ 3.4%
Vanguard Capital Management LLC $79.5M 1.7M 4.1% ▲ 1.9%
Allianz Asset Management Gmbh $64.5M 1.5M 3.3% ▲ 9.1%
Dimensional Fund Advisors LP $61.9M 1.3M 3.2% ▲ 5.7%
LSV Asset Management $54.4M 1.2M 2.8% ▼ 1.0%
FMR LLC $54.4M 1.2M 2.8% ▲ 0.8%
Morgan Stanley $49M 1.1M 2.5% ▲ 13.9%
Geode Capital Management, LLC $47.2M 1.0M 2.4% ▲ 4.5%
Breach Inlet Capital Management, LLC $43M 923K 2.2% ▼ 8.4%
First Trust Advisors LP $41.3M 886K 2.1% ▲ 5.5%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Prog Holdings, Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Recent insider open-market transactions
Insider Date Trade Shares Price Value
King Michael Todd Chief Legal and Compliance Off August 5, 2026 Sell 1,070 $46.00 $49,220
Sewell George M CAO, SVP Fin Rep August 5, 2026 Sell 2,000 $45.53 $91,060
King Michael Todd Chief Legal and Compliance Off August 4, 2026 Sell 930 $46.00 $42,780

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around February 17, 2027 estimated from the company's past filing pattern, not announced

  • October 28, 2026
  • July 29, 2026
  • April 29, 2026
  • February 18, 2026
  • October 22, 2025
  • July 23, 2025

Recent SEC filings

Data status

When each part of this page on Prog Holdings, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Prog Holdings, Inc. in brief

What does Prog Holdings, Inc. do?
Prog Holdings, Inc. is a US-listed company in the consumer finance industry. Its financial year ends in December.
What is Prog Holdings, Inc.'s stock ticker?
Prog Holdings, Inc. trades under the ticker PRG on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Prog Holdings, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Prog Holdings, Inc. reported revenue of $2.8B, 15.4% higher than a year earlier, according to its SEC filings.
What is Prog Holdings, Inc.'s free cash flow?
Prog Holdings, Inc.'s free-cash-flow margin is 11.4% of revenue over the trailing twelve months.
Who are Prog Holdings, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and State Street Corp. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Prog Holdings, Inc. buying back stock, and does it pay a dividend?
Prog Holdings, Inc. spent $46.9M on share repurchases over the trailing twelve months, and its diluted share count fell 1.8% over the year.
What is Prog Holdings, Inc.'s market cap?
On November 2, 2026, Prog Holdings, Inc.'s market capitalisation was about $1.6B, with a price-to-earnings ratio of 10.3 and net debt of $763M. Market figures come from third-party market data and may be delayed.
Does Prog Holdings, Inc. pay a dividend?
Yes: Prog Holdings, Inc. paid $21.9M in dividends over the trailing twelve months, a dividend yield of 1.41% and a payout ratio of 14.5%.
How much debt does Prog Holdings, Inc. have?
Prog Holdings, Inc.'s debt-to-equity ratio is 107.2%, from its latest balance sheet (93.2% five years earlier). The financial health section below sets out its other solvency checks.
Who are Prog Holdings, Inc.'s competitors?
In our Consumer Finance peer group, the companies closest to Prog Holdings, Inc. are Qfin Holdings, Inc., Atlanticus Holdings Corp, Credit Acceptance Corp, Green DOT Corp and Klarna Group plc. The side-by-side comparison below sets their revenue, margins and growth against Prog Holdings, Inc.'s.
Are insiders buying or selling Prog Holdings, Inc. stock?
Over the last 12 months, Prog Holdings, Inc.'s directors and officers reported 0 open-market purchases and 3 sales on Form 4. The insider trading page charts every trade.
When is Prog Holdings, Inc.'s next earnings date?
Around February 17, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Prog Holdings, Inc. announces its own schedule.