What is PROG Holdings's four — provision for credit losses?

PROG Holdings (PRG) reported four — provision for credit losses of $9.6M in Q1 2026.

What does four — provision for credit losses mean?

Reflects the expense recognized to account for expected credit losses on financing receivables within the Four segment. It serves as a forward-looking indicator of the credit quality of the segment's customer base. An increase in this provision suggests a tightening of credit standards or a decline in borrower repayment performance.

PROG Holdings PRG Four — Provision for Credit Losses

Other segment segments

Progressive Leasing

$0—

Similar metrics at other companies

HRBProvision for Credit Losses

$36.38M+3.0%

BANCProvision for Credit Losses

$17.65M+64.9%

SOFIFinancial Services — Provision for Credit Losses

$8.89M+57.7%

OPLNFinance — Provision for Credit Losses

$9.7M+7.8%

RFOther — Provision for Credit Losses

-$36M—

TFI

TFINProvision for Credit Losses

-$607K-146%

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$1.66B+6.4%

Enterprise value$2.51B+36.4%

P/E11.2×+3.8×

P/S0.7×0.0×

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:FinancingReceivableAndOtherReceivablesCreditLossExpenseReversal.

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 — provision for credit losses?: PROG Holdings (PRG) reported four — provision for credit losses of $9.6M in Q1 2026.
What does four — provision for credit losses mean?: Reflects the expense recognized to account for expected credit losses on financing receivables within the Four segment. It serves as a forward-looking indicator of the credit quality of the segment's customer base. An increase in this provision suggests a tightening of credit standards or a decline in borrower repayment performance.