What does four — depreciation of lease merchandise mean?

Represents the systematic allocation of the cost of leased assets over their useful lives. This non-cash expense reflects the wear and tear or obsolescence of merchandise used in lease-to-own transactions. It is a critical component in determining the net profitability of the segment's leasing model.

PROG Holdings (PRG) Four — Depreciation of lease merchandise

Screener

Other segment segments

Progressive Leasing

$409.01M—

Purchasing Power

$0—

Similar metrics at other companies

FCF

FCFSDepreciation of leased merchandise

$71.65M-8.5%

FCF

FCFSDepreciation of leased merchandise

$71.65M-8.5%

UPBDDepreciation of Rental Merchandise

$343.48M+1.6%

FCF

FCFSLatin America — Depreciation of leased merchandise

$0—

OGeneral Merchandise — Accumulated Depreciation

$306.9M—

FCF

FCFSLeased merchandise, net

$84.57M-16.0%

Other financials

Income statement

See full

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

See full

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

See full

Market cap$1.71B+33.9%

Enterprise value$2.56B+54.8%

P/E11.5×+5.6×

P/S0.7×+0.2×

Profitability

See full

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

Reported directly by PROG Holdings in its filing.

Tagged under the XBRL concept prg:DepreciationOfLeaseMerchandise.

The source filing: PROG Holdings’s 10-Q, filed April 29, 2026.

Filed: Apr 29, 2026, 9:26 AM EDT
Fiscal quarter: Q1 FY2026
Calendar quarter: Q1 2026
Accession: 0001808834-26-000066

Line item	Three months ended March 31, 2026	Three months ended March 31, 2025
Other revenue	39,404	16,871
	742,674	668,428
Costs and expenses
Depreciation of lease merchandise	409,010	460,443
Cost of product sales	62,506	—
Provision for lease merchandise write-offs	43,651	48,018
Operating expenses	150,200	98,124
Provision for credit losses	24,167	5,501

ITEM 1.FINANCIAL STATEMENTS

FAQ

What is PROG Holdings's four — depreciation of lease merchandise?: PROG Holdings (PRG) reported four — depreciation of lease merchandise of $0 in Q1 2026.
What does four — depreciation of lease merchandise mean?: Represents the systematic allocation of the cost of leased assets over their useful lives. This non-cash expense reflects the wear and tear or obsolescence of merchandise used in lease-to-own transactions. It is a critical component in determining the net profitability of the segment's leasing model.