What does four — provision for lease merchandise write-offs mean?

Represents the estimated loss associated with uncollectible lease assets within the Four segment. This metric reflects the company's assessment of credit risk and potential impairment of leased merchandise inventory. Higher values indicate increased credit risk or deterioration in the quality of the lease portfolio.

PROG Holdings PRG Four — Provision for lease merchandise write-offs

Other segment segments

Progressive Leasing

$43.65M—

Purchasing Power

$0—

Similar metrics at other companies

FCF

FCFSProvision for lease losses

$29.74M+7.9%

AATProvision for lease losses

$318K+3,280%

WSCLeasing — Write-offs recorded as a reduction to revenue

$13.03M+22.9%

FCF

FCFSProvision for lease losses

$29.74M+7.9%

PCARProvision for Loan, Lease, and Other Losses

$44.1M+141%

ASBRisk Management and Shared Services — Provision for Loan, Lease, and Other Losses

-$16.59M-37.3%

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 us-gaap:DirectFinancingLeaseNetInvestmentInLeaseAllowanceForCreditLossWriteoff.

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 lease merchandise write-offs?: PROG Holdings (PRG) reported four — provision for lease merchandise write-offs of $0 in Q1 2026.
What does four — provision for lease merchandise write-offs mean?: Represents the estimated loss associated with uncollectible lease assets within the Four segment. This metric reflects the company's assessment of credit risk and potential impairment of leased merchandise inventory. Higher values indicate increased credit risk or deterioration in the quality of the lease portfolio.