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AI brief of an SEC Form 8-K · PROG Holdings (PRG)

PROG Holdings Q1 revenue up 11.1% to $742.7 million; raises 2026 outlook

Positive Impact 4 of 5 earnings Written later

PROG Holdings reported first quarter 2026 revenue of $742.7 million, up 11.1%, and diluted EPS from continuing operations of $0.89 versus $0.83 a year earlier. The company raised its full-year 2026 revenue and earnings outlook and gave second quarter guidance, with results including Purchasing Power since its January 2, 2026 acquisition. Progressive Leasing revenue fell 8.4% and its GMV fell 2.2%, which partly offset the gains.

Key points

  • Q1 2026 revenue $742.7 million, up 11.1%; diluted EPS from continuing operations $0.89 vs. $0.83; non-GAAP diluted EPS $1.24 vs. $0.90
  • Full-year 2026 total revenue outlook raised to $3.0 billion to $3.1 billion, from $2.95 billion to $3.07 billion; diluted EPS outlook $3.68 to $4.06, from $3.34 to $3.79
  • Second quarter 2026 outlook: total revenue $700 million to $725 million; diluted EPS $0.74 to $0.93
  • Progressive Leasing Q1 revenue $596.9 million, down 8.4%; GMV $393.0 million, down 2.2%; net recourse debt reduced by $210 million since the Purchasing Power acquisition

The filing

CompanyPROG Holdings (PRG)
Form8-K, current report
Filed with the SECApr 29, 2026, 8:26 AM ET
Accession number0001808834-26-000065

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:57 AM ET, from the text of the filing and its press-release exhibits 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 April 29, 2026.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.