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PROG Holdings, Inc. (PRG) filed an 8-K current report with the SEC on April 29, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item EX-99.1 (Exhibit EX-99.1). Q1 2026 financial results for quarter ended March 31, 2026 announced April 29, 2026.
PROG Holdings, Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.02 · Results of Operations and Financial Condition
- Q1 2026 financial results for quarter ended March 31, 2026 announced April 29, 2026
- Exhibit 99.1 contains the substantive earnings release and financial details
- Results furnished under Regulation FD, not filed under Exchange Act Section 18
Item EX-99.1 · Exhibit EX-99.1
- Q1 revenue $742.7M, up 11.1%; adjusted EBITDA $90.3M, up 29.2%, with margin expanding to 12.2%
- Non-GAAP diluted EPS $1.24, up 37.8%; GAAP diluted EPS $0.89, supported by lower 23.9% tax rate
- Total GMV $805.6M, up 54.4%; Four GMV surged 133.6%, while Progressive Leasing declined 2.2%
- Purchasing Power added $132.7M GMV and $107.1M revenue but posted $7.5M pretax loss after January 2 acquisition
- Full-year outlook raised to $3.0B-$3.1B revenue, $343M-$370M adjusted EBITDA, and $4.40-$4.80 non-GAAP EPS
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