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PROG Holdings PRG Depreciation of lease merchandise

Depreciation of lease merchandise at other companies

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Pathward Financial, Inc.CASH
$0

Segments

By segment

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Progressive Leasing$409.01M
Four$0
Purchasing Power$0

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

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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$1.58B+6.4%
Enterprise value$2.44B+36.4%
P/E10.7×+3.6×
P/S0.6×0.0×

Profitability

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Operating margin8.7%0.0pp
Net margin6%-2.7pp
FCF margin22.8%

Returns & leverage

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Return on equity20.7%-13.1pp
Debt / equity1.2×+0.3×

Where this comes from

Reported directly by PROG Holdings in its filing.

Tagged under the XBRL concept prg:DepreciationOfLeaseMerchandise.

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 depreciation of lease merchandise?
PROG Holdings (PRG) reported depreciation of lease merchandise of $409.01M in Q1 2026.
How has PROG Holdings's depreciation of lease merchandise changed year-over-year?
PROG Holdings's depreciation of lease merchandise decreased by 11.2% year-over-year, from $460.44M to $409.01M.
What is the long-term trend for PROG Holdings's depreciation of lease merchandise?
Over 4 years (2021 to 2025), PROG Holdings's depreciation of lease merchandise has grown at a -3.3% compound annual growth rate (CAGR), from $1.82B to $1.59B.
What does depreciation of lease merchandise mean?
This represents the systematic allocation of the cost of tangible assets leased to customers over the expected term of the lease agreements. It reflects the consumption of the economic value of lease-to-own inventory as it is utilized by the lessee. Monitoring this metric is essential for understanding the capital intensity of the leasing business model and the rate at which assets are depreciating relative to lease revenue.