Short answer
PROG Holdings, Inc. (PRG) filed its Q3 2025 10-Q quarterly report on Oct 22, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $595M (down 1.8% year over year) with net income of $33M.
Q3 2025 key financials · XBRL
- Revenue
- $595M
- −1.8% YoY · −1.6% QoQ
- Net income
- $33M
- −60.6% YoY · −13.9% QoQ
- Operating margin
- 9.0%
- EPS (diluted)
- $0.82
- −57.5% YoY · −13.7% QoQ
Source: XBRL data from the PROG Holdings, Inc. (PRG) Q3 2025 10-Q on SEC EDGAR. USD.
PROG Holdings, Inc. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Risk Factors
- New risk: Strategic shift from October 20, 2025 sale of Vive's credit card portfolio for $149M, discontinuing the Vive segment
- Most materially updated risk: Impact of Big Lots bankruptcy in late 2024 causing 10.0% GMV decline for Progressive Leasing, tightening decisioning posture
- Regulatory/legal risk: $53.6M non-cash reversal of uncertain tax position in 2024 causing effective tax rate shift from (100.6)% to 27.4% in Q3 2025
- Operational/market risk: Inflationary pressures and elevated cost of living continuing to reduce consumer demand and GMV, impacting near-term lease revenues
- Financial risk: Liquidity improved with $292.6M cash (up $196.9M), and $49M net debt reduction due to $50M Revolving Facility repayment in January 2025
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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