PROG Holdings (PRG) Progressive Leasing — Accounts receivable provision

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Other segment segments

Four

$32.82M—

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:FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal.

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

(in thousands)	Three months ended March 31, 2026	Three months ended March 31, 2025
Beginning balance	$68,806	$71,607
Net book value of accounts receivable written off	(88,378)	(94,210)
Recoveries	11,927	11,878
Accounts receivable provision	75,915	84,593
Ending balance	$68,270	$73,868

ITEM 1.FINANCIAL STATEMENTS

FAQ

What is PROG Holdings's progressive leasing — accounts receivable provision?: PROG Holdings (PRG) reported progressive leasing — accounts receivable provision of $75.92M in Q1 2026.
What does progressive leasing — accounts receivable provision mean?: The periodic expense recognized in the income statement to increase the allowance for doubtful accounts based on expected credit losses. This reflects the cost of credit risk associated with the company's leasing and financing activities.