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PROG Holdings PRG Four — Provision for Loan Losses

Other segment segments

Progressive Leasing
$75.92M
Purchasing Power
$12.96M

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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$1.73B+39.4%
Enterprise value$2.59B+59.4%
P/E11.7×+5.9×
P/S0.7×+0.2×

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:ProvisionForLoanLossesExpensed.

The source filing: PROG Holdings’s 10-K, filed February 18, 2026.

Filed
Feb 18, 2026, 9:28 AM EST
Fiscal year
FY2025
Accession
0001808834-26-000012
(In Thousands)Progressive LeasingFourOtherTotal
Depreciation of Lease Merchandise1,590,2401,590,240
Provision for Lease Merchandise Write-Offs173,115173,115
Selling, General and Administrative331,78331,98914,806378,578
Provision for Loan Losses32,8197,52040,339
Total2,095,13864,80822,3262,182,272
Other Segment Items:
Depreciation and Amortization420,6001,1372,29524,032
Restructuring Expenses5892,2092,798

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is PROG Holdings's four — provision for loan losses?
PROG Holdings (PRG) reported four — provision for loan losses of $8.2M in Q4 2025.
How has PROG Holdings's four — provision for loan losses changed year-over-year?
PROG Holdings's four — provision for loan losses increased by 144.3% year-over-year, from $3.36M to $8.2M.
What is the long-term trend for PROG Holdings's four — provision for loan losses?
Over 2 years (2023 to 2025), PROG Holdings's four — provision for loan losses has grown at a 189.0% compound annual growth rate (CAGR), from $3.93M to $32.82M.
What does four — provision for loan losses mean?
This metric represents the periodic expense set aside by the Four segment to account for expected credit losses on its loan or lease portfolio. It reflects management's assessment of credit risk and the potential for non-payment among the segment's customer base. A rising provision may indicate deteriorating credit quality or a strategic expansion into higher-risk lending segments.

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