Every material Form 8-K PROG Holdings filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
PROG Holdings agreed on December 1, 2025 to acquire Purchasing Power through a subsidiary, paying $420 million in cash, with about $330 million of non-recourse funding debt remaining in place after closing. The company expects the deal to close in early 2026, subject to regulatory approval and other conditions, and says it will fund it with cash on hand and new debt, which shareholders will weigh against the projected 2026 earnings contribution.
Cash purchase price of $420 million, plus about $330 million of non-recourse funding debt that stays in place
Funding: about $175 million from PROG balance sheet cash and about $260 million of incremental borrowing, per the investor presentation
Projected 2026 revenue of $680 million to $730 million and Adjusted EBITDA of $50 million to $60 million for Purchasing Power
Expected to close in early 2026; either party may terminate if closing has not occurred within 120 days of signing
PROG Holdings reported third-quarter 2025 revenue of $595.1 million, down 1.8% from a year earlier, and net earnings of $33.1 million versus $84.0 million, a period that included a $53.6 million tax benefit. The company also agreed to sell Vive Financial's credit card receivables portfolio to a subsidiary of Atlanticus Holdings for about $150 million in cash, and revised its 2025 outlook to exclude Vive, with revenue guidance lowered and continuing-operations earnings guidance raised.
Q3 2025 diluted EPS was $0.82 versus $1.94; non-GAAP diluted EPS rose 16.9% to $0.90 from $0.77
Vive sold about $165 million of receivables to Fortiva Funding LLC for about $150 million in cash, with a three-year non-compete
Full-year 2025 revenue outlook was cut to $2.410 billion to $2.435 billion from $2.450 billion to $2.500 billion, while net earnings from continuing operations rose to $124.3 million to $128.8 million from $120 million to $125 million
PROG Holdings reported second-quarter 2025 revenue of $604.7 million, up 2.1%, and net earnings of $38.5 million, compared with $33.8 million a year earlier. The company raised the low end of its full-year 2025 revenue and earnings ranges and kept the high ends unchanged, while Progressive Leasing GMV fell 8.9% after the loss of a retail partner to liquidation.
Q2 revenue $604.7 million, up 2.1%; net earnings $38.5 million vs. $33.8 million a year earlier
Diluted EPS $0.95 vs. $0.77; non-GAAP diluted EPS $1.02, up 10.9%
Full-year 2025 revenue outlook low end raised to $2.45 billion from $2.425 billion; high end kept at $2.5 billion
Progressive Leasing GMV $413.9 million, down 8.9% from the prior-year quarter
PROG Holdings reported first-quarter 2025 revenue of $684.1 million, up 6.6% from a year earlier, and diluted EPS of $0.83 versus $0.49. The company lowered its full-year 2025 outlook for revenue, net earnings and EPS, citing a weaker macroeconomic environment, and gave second-quarter guidance. For shareholders, the higher first-quarter GAAP profit is offset by the lower full-year forecast.
Q1 2025 revenue $684.1 million, up 6.6%; net earnings $34.7 million vs $22.0 million a year earlier
Non-GAAP diluted EPS $0.90, essentially flat vs $0.91; adjusted EBITDA $70.3 million vs $72.6 million
PROG Holdings reported fourth-quarter 2024 revenue of $623.3 million, up 8.0% from a year earlier, and net earnings of $57.5 million, compared with $18.6 million. The quarter's net earnings included a $27.6 million deferred tax benefit. The company's full-year 2025 outlook calls for GAAP diluted EPS of $2.82 to $3.22, below the $4.53 it reported for 2024.
Q4 2024 diluted EPS was $1.34, versus $0.41 a year earlier; non-GAAP diluted EPS was $0.80, versus $0.72
Q4 2024 Progressive Leasing GMV was $597.5 million, up 9.1% year over year
Full-year 2025 outlook: total revenues of $2.515 billion to $2.590 billion and diluted EPS of $2.82 to $3.22
Q1 2025 outlook: total revenues of $665 million to $685 million and diluted EPS of $0.73 to $0.78
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every PROG Holdings filing is on SEC EDGAR ↗. 8-K briefs of other companies →