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PROG Holdings PRG Purchasing Power — Provision for Credit Losses
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Where this comes from
Reported directly by PROG Holdings in its filing.
Tagged under the XBRL concept prg:FinancingReceivableAndOtherReceivablesCreditLossExpenseReversal.
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) | Progressive Leasing | Purchasing Power | Four | Other | Total |
|---|---|---|---|---|---|
| Cost of product sales | — | 62,506 | — | — | 62,506 |
| Provision for lease merchandise write-offs | 43,651 | — | — | — | 43,651 |
| Selling, general and administrative | 81,260 | 28,385 | 12,654 | 9,879 | 132,178 |
| Provision for credit losses | — | 12,961 | 9,597 | 1,609 | 24,167 |
| Total | 533,921 | 103,852 | 22,251 | 11,488 | 671,512 |
| Other segment items: | |||||
| Depreciation and amortization2 | 5,311 | 8,085 | 253 | 501 | 14,150 |
| Restructuring expenses | 526 | 3,343 | — | 3 | 3,872 |
ITEM 1.FINANCIAL STATEMENTS
FAQ
- What is PROG Holdings's purchasing power — provision for credit losses?
- PROG Holdings (PRG) reported purchasing power — provision for credit losses of $12.96M in Q1 2026.
- What does purchasing power — provision for credit losses mean?
- This represents the non-cash expense recognized to account for expected future credit losses on the Purchasing Power segment's loan or lease portfolio. It is a forward-looking estimate based on current economic conditions and historical default trends. Changes in this provision reflect management's outlook on the creditworthiness of the segment's customer base.
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