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PROG Holdings PRG Provision for Credit Losses

Provision for Credit Losses at other companies

Affirm Holdings, Inc. logo
Affirm Holdings, Inc.AFRM
$196.54M+33.5%
Peoples Bancorp logo
Peoples BancorpPEBO
$9.69M-4.9%
FCF
FirstCash HoldingsFCFS
$42.84M+17.8%
Sezzle logo
SezzleSEZL
$13.68M+6.8%
Bread Financial Holdings logo
Bread Financial HoldingsBFH
$303M+2.4%

Segments

By segment

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Progressive Leasing$75.92M
Four$32.82M
Purchasing Power$12.96M

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$1.66B+6.4%
Enterprise value$2.51B+36.4%
P/E11.2×+3.8×
P/S0.7×0.0×

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×

Questions, answered.

What does provision for credit losses mean?
Expense recognized to build or adjust allowances for expected credit losses on loans, receivables, and other financial assets, based on forward-looking CECL methodology.