What is PROG Holdings's net debt?

PROG Holdings (PRG) reported net debt of $856.62M in Q1 2026.

How has PROG Holdings's net debt changed year-over-year?

PROG Holdings's net debt increased by 119.2% year-over-year, from $390.75M to $856.62M.

What is the long-term trend for PROG Holdings's net debt?

Over 5 years (2020 to 2025), PROG Holdings's net debt has grown at a 46.9% compound annual growth rate (CAGR), from $42.87M to $293.35M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

PROG Holdings PRG Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

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Other financials

Income statement

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Revenue$742.7M+11.1%

Gross profit$680.2M+1.8%

Operating income$65.3M+15.9%

Net income$36.1M+3.8%

EPS (diluted)$0.89+7.2%

Balance sheet

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Cash & equivalents$79.5M-62.7%

Total debt$936.1M+55.0%

Total equity$774.4M+18.3%

Total assets$2.0B+39.0%

Cash flow

See full

Operating cash flow$171.7M-18.2%

CapEx$3.1M+60.5%

Free cash flow$168.6M-19.0%

Valuation

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Market cap$1.66B+6.4%

Profitability

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Operating margin8.7%0.0pp

Net margin6%-2.7pp

FCF margin22.8%—

Returns & leverage

See full

Return on equity20.7%-13.1pp

Debt / equity1.2×+0.3×

Where this comes from

Calculated from PROG Holdings’s reported figures.

$936.1Mtotal debt−$79.5Mcash and equivalents=$856.62M

The official record: PROG Holdings’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is PROG Holdings's net debt?: PROG Holdings (PRG) reported net debt of $856.62M in Q1 2026.
How has PROG Holdings's net debt changed year-over-year?: PROG Holdings's net debt increased by 119.2% year-over-year, from $390.75M to $856.62M.
What is the long-term trend for PROG Holdings's net debt?: Over 5 years (2020 to 2025), PROG Holdings's net debt has grown at a 46.9% compound annual growth rate (CAGR), from $42.87M to $293.35M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.