The earnings call reflects strong performance in earnings and growth of Four Technologies, along with effective cost management and lease portfolio handling. However, challenges persist with a decline in Progressive Leasing GMV, ongoing soft demand in key categories, and the negative impact of Big Lots bankruptcy. Despite these challenges, the company is well-positioned with its current strategies and capital structure.

Company Guidance -

Q3 2025

During the PROG Holdings Q2 2025 Earnings Call, the company provided several key metrics and insights into its guidance for the remainder of the year. PROG Holdings reported revenue of $604.7 million, reflecting low single-digit growth year-over-year, with non-GAAP EPS of $1.02, significantly exceeding their outlook range of $0.75 to $0.85 per share. The company's performance was driven by effective portfolio management and strong execution in their Buy Now Pay Later (BNPL) platform, Four Technologies, which delivered over 200% revenue growth. Consolidated adjusted EBITDA was $73.5 million, and the lease portfolio write-offs were at 7.5%, which is 20 basis points better than the previous year. PROG Holdings raised its 2025 consolidated revenue outlook to a range of $2.45 billion to $2.5 billion, with adjusted EBITDA expected between $255 million to $265 million, and non-GAAP EPS anticipated to be between $3.20 and $3.35. Despite challenges, including the impact of the Big Lots bankruptcy and deliberate tightening actions on GMV, PROG Holdings remains committed to its strategic initiatives and capital allocation priorities, including reinvesting in growth initiatives and returning excess capital to shareholders through dividends and share repurchases.

Exceeded Earnings Expectations

Non-GAAP EPS of $1.02 significantly exceeded the outlook range of $0.75 to $0.85 per share, demonstrating strong operational performance and effective cost management.

Four Technologies Growth

Four Technologies delivered over 200% revenue growth and achieved profitability, with GMV growth of 167% year-over-year, highlighting the strength of the Pay in Four BNPL product.

Strong Lease Portfolio Management

Write-offs came in at 7.5%, which is 20 basis points better than last year, reflecting effective portfolio management and proactive decisioning adjustments.

E-commerce Growth

E-commerce as a percentage of Progressive Leasing GMV reached an all-time high, representing approximately 21% of total leasing GMV, indicating progress in online platform expansion.

Cash Tax Benefits

The Big Beautiful Bill is expected to significantly reduce future cash taxes by allowing immediate expensing of lease merchandise for tax purposes.

PROG Holdings (PRG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

PRG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	0.74 / -	0.77	―	―	―
Jul 23, 2025	2025 (Q2)	0.80 / 1.02	0.92	10.87% (+0.10)
Apr 23, 2025	2025 (Q1)	0.83 / 0.90	0.91	-1.10% (-0.01)
Feb 19, 2025	2024 (Q4)	0.77 / 0.80	0.72	11.11% (+0.08)
Oct 23, 2024	2024 (Q3)	0.80 / 0.77	0.9	-14.44% (-0.13)
Jul 24, 2024	2024 (Q2)	0.73 / 0.92	0.92	0.00% (0.00)
Apr 24, 2024	2024 (Q1)	0.82 / 0.91	1.11	-18.02% (-0.20)
Feb 21, 2024	2023 (Q4)	0.68 / 0.72	0.84	-14.29% (-0.12)
Oct 25, 2023	2023 (Q3)	0.63 / 0.90	0.68	32.35% (+0.22)
Jul 26, 2023	2023 (Q2)	0.65 / 0.92	0.52	76.92% (+0.40)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

PRG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 23, 2025	$28.61	$33.37	+16.64%
Apr 23, 2025	$26.48	$24.62	-7.02%
Feb 19, 2025	$42.30	$30.30	-28.37%
Oct 23, 2024	$46.42	$41.97	-9.59%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does PROG Holdings (PRG) report earnings?

PROG Holdings (PRG) is schdueled to report earning on Oct 22, 2025, Before Open (Confirmed).

What is PROG Holdings (PRG) earnings time?

PROG Holdings (PRG) earnings time is at Oct 22, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is PRG EPS forecast?

PRG EPS forecast for the fiscal quarter 2025 (Q3) is 0.74.

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