PROG Holdings Q4 revenue falls 5.2% to $574.6 million; 2026 outlook issued
PROG Holdings reported fourth-quarter 2025 revenue of $574.6 million, down 5.2% from a year earlier, and continuing-operations net earnings of $19.9 million, down from $58.3 million, a period that included a $27.8 million deferred tax benefit. The company also issued full-year and first-quarter 2026 outlook, which assumes a difficult operating environment and includes almost a full year of the recently acquired Purchasing Power business.
Key points
- Q4 2025 diluted EPS from continuing operations was $0.49 versus $1.36 a year earlier; non-GAAP diluted EPS was $0.74, down 5.1% from $0.78.
- Progressive Leasing GMV was $534.0 million, down 10.6%, while PROG Marketplace GMV rose 187% and Four GMV grew 126%.
- Full-year 2026 outlook: total revenues of $3.02 billion to $3.14 billion and net earnings from continuing operations of $132 million to $155 million.
- First-quarter 2026 outlook: total revenues of $715 million to $745 million and net earnings from continuing operations of $9 million to $17 million.
The filing
Written by AI on Nov 8, 2026, 6:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 18, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.