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.

PROG Holdings PRG Purchasing Power — Provision for Credit Losses

Other segment segments

Progressive Leasing

$75.92M—

Four

$32.82M—

Similar metrics at other companies

PBProvision for Credit Losses

$0—

HRBProvision for Credit Losses

$36.38M+3.0%

TCBKProvision for Credit Losses

$3.33M-10.8%

BANCProvision for Credit Losses

$17.65M+64.9%

SBC

SBCFProvision for Credit Losses

$761K-91.8%

HBANProvision for Credit Losses

$158M+37.4%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$171.7M-18.2%

CapEx$3.1M+60.5%

Free cash flow$168.6M-19.0%

Valuation

See full

Market cap$1.66B+6.4%

Enterprise value$2.51B+36.4%

P/E11.2×+3.8×

P/S0.7×0.0×

Profitability

See full

Operating margin8.7%0.0pp

Net margin6%-2.7pp

FCF margin22.8%—

Returns & leverage

See full

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 prg:FinancingReceivableAndOtherReceivablesCreditLossExpenseReversal.

The official record: PROG Holdings’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

Ask your AI about PROG Holdings's purchasing power — provision for credit losses.

Connect your AI assistant and compare segments, right in your chat.

Connect your AI

Claude

Questions, answered.

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.