PROG Holdings PRG Purchasing Power — Less: accounts receivable allowance

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Questions, answered.

What is PROG Holdings's purchasing power — less: accounts receivable allowance?

PROG Holdings (PRG) reported purchasing power — less: accounts receivable allowance of -$11.03M in Q1 2026.

What does purchasing power — less: accounts receivable allowance mean?

Represents the contra-asset account used to reduce the gross accounts receivable balance to its estimated net realizable value. It accounts for anticipated uncollectible amounts from customers within the Purchasing Power segment. Monitoring this helps investors understand management's assessment of credit risk and the quality of the underlying asset base.