Prog Holdings, Inc. ( (PRG) ) has released its Q2 earnings. Here is a breakdown of the information Prog Holdings, Inc. presented to its investors.
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PROG Holdings, Inc., a fintech holding company based in Salt Lake City, provides a range of financial services including lease-to-own solutions, revolving credit products, and buy now, pay later options through its subsidiaries Progressive Leasing, Vive Financial, Four Technologies, and Build.
In its second quarter of 2025 earnings report, PROG Holdings announced consolidated revenues of $604.7 million and net earnings of $38.5 million. The company also reported an adjusted EBITDA of $73.5 million and a diluted EPS of $0.95, with a non-GAAP diluted EPS of $1.02.
Key highlights include a 2.1% increase in consolidated revenues compared to the previous year, and a notable 166.5% growth in GMV for Four Technologies, marking its second consecutive quarter of positive pre-tax income. Despite a 8.9% decrease in GMV for Progressive Leasing, the company maintained its lease merchandise write-offs within the targeted range, showcasing effective portfolio management.
Looking ahead, PROG Holdings has adjusted its full-year 2025 outlook, raising the low end of its revenue and earnings expectations. The company anticipates a challenging operating environment but remains focused on sustainable growth through strategic partnerships and technological advancements.