The earnings call presented a mixed picture with significant growth and profitability reported for Four Technologies and strong portfolio management. However, challenges remain with GMV decline due to external factors like the Big Lots bankruptcy and ongoing demand softness in key categories.

Company Guidance -

Q3 2025

In the Q2 2025 earnings call, PROG Holdings provided updated guidance and insights on their business performance. The company reported consolidated revenue of $604.7 million, marking a low single-digit growth year-over-year, with consolidated adjusted EBITDA at $73.5 million and non-GAAP EPS at $1.02, surpassing the high end of their outlook. The leasing segment's GMV faced a year-over-year decline of 8.9%, impacted by the Big Lots bankruptcy and strategic tightening actions, yet adjusted for these, the GMV would have shown positive growth. The company's write-offs were at 7.5%, within the targeted 6% to 8% range, reflecting effective portfolio management. Four Technologies, part of PROG's Expand pillar, exhibited impressive growth, achieving 167% GMV growth and over 200% revenue growth, reaching profitability in Q1 2025. Looking forward, PROG Holdings raised the midpoint of their 2025 financial outlook, anticipating consolidated revenues between $2.45 billion to $2.5 billion, adjusted EBITDA between $255 million to $265 million, and non-GAAP EPS between $3.20 to $3.35. The company remains committed to maintaining disciplined decision-making standards, investing in growth initiatives, and returning capital to shareholders through dividends and share repurchases.

Exceeding Earnings Expectations

Non-GAAP EPS of $1.02 significantly exceeded the guidance range of $0.75 to $0.85 per share, driven by effective portfolio management and disciplined cost control.

Four Technologies Growth

Four Technologies delivered over 200% revenue growth and achieved profitability, with 167% GMV growth year-over-year. The platform is scaling, with 85% of GMV driven by active subscribers.

Strong Lease Portfolio Performance

Q2 write-offs came in at 7.5%, 20 basis points better than last year, demonstrating effective portfolio risk management.

PROG Marketplace Expansion

PROG Marketplace delivered double-digit GMV growth and is on track to surpass $75 million in GMV for 2025.

E-commerce Growth

E-commerce as a percentage of Progressive Leasing GMV was at an all-time high, representing approximately 21% of total leasing GMV.

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	$28.50	$33.24	+16.63%
Apr 23, 2025	$26.37	$24.53	-6.98%
Feb 19, 2025	$42.14	$30.18	-28.38%
Oct 23, 2024	$46.24	$41.80	-9.60%

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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