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

Other segment segments

Progressive Leasing

$409.01M—

Purchasing Power

$0—

Similar metrics at other companies

FCF

FCFSDepreciation of leased merchandise

$81.06M-8.7%

FCF

FCFSDepreciation of leased merchandise

$81.06M-8.7%

BANCLeased equipment depreciation

$5.3M-21.3%

CATFinancial Products — Depreciation on equipment leased to others

$174.75M-3.2%

CUBICommercial lease depreciation

$12.69M+50.0%

SRCEDepreciation expense

$454K-36.8%

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 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.