PRG at a glance
PROG Holdings, Inc. (PRG, SEC CIK 1808834) filed its latest 10-K annual report on February 18, 2026, a 10-Q quarterly report on July 30, 2026, an 8-K current report on August 5, 2026 and Form 4 insider filings as recently as August 6, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), PROG Holdings, Inc. (PRG) reported revenue of $2.4 billion (down 2.2% from FY2024) and net income of $146.8 million. Diluted EPS was $3.59.
- As of June 30, 2026, 31 institutional investment managers tracked by SignalX reported holding PROG Holdings, Inc. (PRG) shares worth $1.0 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Sewell George M on August 5, 2026 of 2,000 shares at $45.53 per share.
- In the last 90 days, PRG insiders reported 0 open-market purchases ($0) and 3 open-market sales ($183K) on Form 4, a net sale of $183K.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $2.4B
- −2.2% vs prior year
- Insiders · 90 days
- 0 buys · 3 sells
- Net −$183K
- 13F holders
- 31 funds
- $1.0B · +2 vs prior quarter
- Latest 8-K
- Aug 5, 2026
- Item 8.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: Financial technology holding company offering lease-to-own and Buy Now, Pay Later (BNPL) payment solutions for underserved near-prime and subprime consumers
- Strategic acquisition of Purchasing Power in January 2026 expanding payment ecosystem with employer-based payroll deduction purchase program
- Sold Vive Financial lending segment loans portfolio in October 2025, initiating wind-down of that operation
- Progressive Leasing segment generated approx. 96% of consolidated revenues in 2025, underscoring continued dominance
- Emphasis on expanding direct-to-consumer marketing and technology investments to enhance omnichannel consumer experience and scale Four app
Risk Factors
- Regulatory/legal risk: cybersecurity incident lawsuits consolidated in Utah District Court, settled for $3.3 million with insurer paying full amount (2023–2026 timeline)
- Geopolitical/macro risk: Big Lots bankruptcy in late 2024 caused 8.6% 2025 GMV decrease in Progressive Leasing, with American Signature bankruptcy in Nov 2025 causing further 2026 impact
- Operational/supply chain risk: Progressive Leasing portfolio shrinkage due to bankrupt POS partners and tightened lease decisioning posture since early 2025
- Competitive/market disruption risk: Four BNPL grew GMV 144.2% in 2025, challenging Progressive Leasing’s traditional lease-to-own with smaller average ticket sizes
- Financial/structural risk: $420 million cash acquisition of Purchasing Power in Jan 2026 adds $338.6 million non-recourse debt exposure post-close
Management Discussion & Analysis
- Revenue concentration: Progressive Leasing 96% of consolidated revenue in 2025, expected >70% in 2026 post-Purchasing Power acquisition
- Regulatory, macroeconomic, operational risks highlighted; no revenue or profitability figures disclosed
- Potential adverse effects from inflation, interest rates, subprime customer base, and IT system disruptions emphasized
- Capital allocation risks include stock repurchase and dividend programs may not enhance shareholder value; no dollar amounts provided
- Forward risks: macroeconomic uncertainty, reliance on key POS partners, acquisitions performance, and indebtedness servicing risks
AI summary of the PRG 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Revenue $719.7M, up 22.3% YoY from $588.5M, driven by Purchasing Power and Four
- Operating profit margin 9.1% vs 10.1% YoY; pretax margin 7.1% vs 8.7%
- Four best performer: pretax earnings $7.1M, up 139.9% YoY; Progressive Leasing pretax earnings $45.4M, down 11.9%
- Cash deployment: $424.2M acquisition of Purchasing Power, funded alongside $338.6M non-recourse debt
- Headwinds: inflation, fuel costs, geopolitical disruption and tighter decisioning; Progressive write-off provision 8.4% vs 7.5% YoY
Risk Factors
- No new or changed risk factors since the 2025 Annual Report
- Regulatory and compliance risk carried forward from the 2025 Annual Report
- Operational and competitive risks carried forward from the 2025 Annual Report
- Financial and liquidity risks carried forward from the 2025 Annual Report
AI summary of the PRG 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 8.01: Other Events
- Quarterly cash dividend declared at $0.14 per common share
- Payment scheduled for September 3, 2026
Item 8.01: Other Events
- Director Douglas C. Curling passed away unexpectedly on July 25, 2026
- Board reduced from 10 to 9 members effective July 27, 2026
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 results covered quarter ended June 30, 2026
- Press release issued July 29, 2026, with financial details in Exhibit 99.1
Item EX-99.1: Item EX-99.1
- Q2 revenue rose 22.3% to $719.7M and adjusted EBITDA 22.8% to $88.4M, while GAAP EPS slipped to $0.92 from $0.93
- Four drove diversification, with GMV up 110.6% to $315.1M and adjusted EBITDA up 111.2% to $8.7M
Item 5.07: Submission of Matters to a Vote of Security Holders
- 2026 annual meeting achieved 92% participation, with 36,885,068 of 40,058,369 shares represented
- All 10 director nominees elected for terms expiring at the 2027 annual meeting
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Steven A. Michaels adds Board Chairman role while remaining President and CEO
- Ray M. Robinson becomes Lead Independent Director, preserving independent board oversight
Item 8.01: Other Events
- Quarterly cash dividend of $0.14 per common share declared
- Payment scheduled for June 2, 2026
AI summaries of PRG 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for PRG
Don't miss the next PRG filing
- Alerts as it files. A push when PRG files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut PRG, by share count.
- Ask anything. An AI agent that reads every PRG filing and answers with sources.
PRG alerts on your phone. Follow it in the SignalX Android app.
Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Sewell George M | Sell | Aug 5, 2026 | 2,000 | $45.53 |
| King Michael Todd | Sell | Aug 5, 2026 | 1,070 | $46.00 |
| King Michael Todd | Sell | Aug 4, 2026 | 930 | $46.00 |
| Smith James P. | A | May 6, 2026 | 4,953 | $36.34 |
| Martinez Ramon Michael | A | May 6, 2026 | 4,953 | $36.34 |
| DAY CYNTHIA N | A | May 6, 2026 | 4,953 | $36.34 |
| JULIAN ROBERT K. | A | May 6, 2026 | 4,953 | $36.34 |
| CURLING DOUGLAS C | A | May 6, 2026 | 4,953 | $36.34 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $2.5B | $2.4B |
| Operating Income | $225.6M | $194.9M | $206.8M |
| Net Income | - | $197.2M | $146.8M |
| Op. Margin | - | 7.9% | 8.6% |
| Net Margin | - | 8.0% | 6.1% |
| Balance Sheet | |||
| Total Assets | $1.5B | $1.5B | $1.6B |
| Equity | - | $650.3M | $746.4M |
| ROE | - | 30.3% | 19.7% |
| Per Share | |||
| EPS | $2.98 | $4.53 | $3.59 |
| Cash Flow | |||
| Operating CF | - | $138.5M | $335.0M |
| CapEx | $9.6M | $8.3M | $10.0M |
Source: XBRL data in PROG Holdings, Inc. (PRG)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate PRG share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 31 | $1.02B |
| Q1 2026 | 29 | $594.4M |
| Q4 2025 | 30 | $653.8M |
| Q3 2025 | 30 | $688.7M |
| Q2 2025 | 29 | $629.1M |
| Q1 2025 | 26 | $423.4M |
| Q4 2024 | 23 | $642.4M |
| Q3 2024 | 20 | $375.5M |
- BlackRock+616.3K (+10%)
- Prudential Financial+400.2K (+207%)
- Northern Trust+214.8K (+43%)
- Morgan Stanley+128.1K (+14%)
- Wells Fargo & Co+96.7K (+544%)
- Goldman Sachs Group−491.0K (-45%)
- D.E. Shaw & Co−166.1K (-30%)
- JPMorgan Chase & Co−56.7K (-8%)
- Two Sigma Investments−30.5K (-30%)
- Fifth Third Bancorp−11.5K (-23%)
- HANCOCK WHITNEY CORP+13.4K
- M&T Bank+6.6K
Source: 13F-HR filings on SEC EDGAR (aggregated from 218 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
PRG filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Aug 6, 2026 | - | - | - |
| 4 | Aug 6, 2026 | - | - | - |
| 8-K | Aug 5, 2026 | - | Analysis | - |
| SC 13G | Jul 31, 2026 | - | - | |
| 10-Q | Jul 30, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 29, 2026 | - | Analysis | - |
| 4 | May 8, 2026 | - | - | |
| 4 | May 8, 2026 | - | - | |
| 4 | May 8, 2026 | - | - | |
| 4 | May 8, 2026 | - | - | |
| 4 | May 8, 2026 | - | - | |
| 4 | May 8, 2026 | - | - | |
| 4 | May 8, 2026 | - | - | |
| 4 | May 8, 2026 | - | - | |
| 4 | May 8, 2026 | - | - | |
| 8-K | May 7, 2026 | - | Analysis | |
| 8-K | Apr 29, 2026 | - | Analysis | - |
| 10-Q | Apr 29, 2026 | Mar 31, 2026 | Analysis | |
| SC 13G | Apr 29, 2026 | - | - | |
| 8-K | Apr 7, 2026 | - | Analysis | - |
| 8-K | Mar 10, 2026 | - | Analysis | - |
| 4 | Mar 9, 2026 | - | - | - |
| 4 | Mar 9, 2026 | - | - | - |
| 4 | Mar 9, 2026 | - | - | - |
| 4 | Mar 3, 2026 | - | - | - |
Related Financials companies
- SRCE · 1ST SOURCE CORPState Commercial Banks
- ABX · Abacus Global Management, Inc.Investment Advice
- ACTG · ACACIA RESEARCH CORPPatent Owners & Lessors
- AAMI · Acadian Asset Management Inc.Investment Advice
- ACNB · ACNB CORPState Commercial Banks
- AMG · Affiliated Managers Group IncInvestment Advice
- AFL · AflacAccident & Health Insurance
- ALRS · ALERUS FINANCIAL CORPNational Commercial Banks
PRG SEC filings: frequently asked questions
Are PRG insiders buying or selling?
In the last 90 days, PROG Holdings, Inc. (PRG) officers, directors and 10% owners reported no open-market purchases and 3 open-market sales worth $183,060 by 2 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold PRG stock?
As of June 30, 2026, the largest PROG Holdings, Inc. (PRG) holders among the 13F filers tracked by SignalX were BlackRock ($319.0 million), Vanguard Portfolio Management LLC ($117.0 million), State Street Corp ($80.4 million), Vanguard Capital Management LLC ($79.5 million), Dimensional Fund Advisors ($61.9 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was PRG's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), PROG Holdings, Inc. (PRG) reported revenue of $2.4 billion (down 2.2% from FY2024) and net income of $146.8 million. Diluted EPS was $3.59. The figures come from the XBRL data in the 10-K.
What are the main risks in PRG's latest 10-K?
In the 10-K filed February 18, 2026, PROG Holdings, Inc. (PRG) flagged: Regulatory/legal risk: cybersecurity incident lawsuits consolidated in Utah District Court, settled for $3.3 million with insurer paying full amount (2023–2026 timeline). Geopolitical/macro risk: Big Lots bankruptcy in late 2024 caused 8.6% 2025 GMV decrease in Progressive Leasing, with American Signature bankruptcy in Nov 2025 causing further 2026 impact. (AI summary of the Risk Factors section.)
What did PRG report in its latest 8-K?
PROG Holdings, Inc. (PRG) filed an 8-K on August 5, 2026 reporting Item 8.01 (Other Events). Quarterly cash dividend declared at $0.14 per common share.
What are the latest PRG SEC filings?
PROG Holdings, Inc. (PRG) filed its latest 10-K annual report on February 18, 2026, a 10-Q quarterly report on July 30, 2026, an 8-K current report on August 5, 2026 and a Form 4 insider filing on August 6, 2026.
What is PRG's SEC CIK number?
PROG Holdings, Inc. (PRG)'s SEC Central Index Key (CIK) is 1808834. EDGAR lists every PRG filing under that number.
Ask anything about PRG
The research agent reads PRG's filings, financials, insider trades and 13F holders, then answers with sources.