PROG Holdings announces Q4 net income of $40.5M

PROG Holdings (NYSE:PRG), the Draper, Utah-based parent company of Progressive Leasing and other lease-to-own solutions providers, reported fourth-quarter 2025 results that showed profitability improvement on an adjusted basis amid steady demand for flexible payment options, though revenue came in below Wall Street expectations.

The company posted fourth-quarter net income of $40.5 million, or $1 per diluted share.

On an adjusted basis, excluding one-time gains and costs, earnings per share reached 74 cents, reflecting solid underlying performance in the core lease-to-own business.

Revenue for the quarter totaled $574.6 million, falling short of the consensus estimate of $584.7 million from three analysts surveyed by Zacks Investment Research.

For the full year 2025, PROG Holdings reported net income of $146.8 million, or $3.59 per diluted share, on revenue of $2.41 billion.

Looking ahead, PROG Holdings provided guidance for the fiscal first quarter ending March 2026, expecting earnings per share in the range of 70 cents to 90 cents and revenue of $715 million to $745 million.

For the full fiscal year 2026, the company guided EPS to a range of $4 to $4.45 and revenue to $3.02 billion to $3.14 billion.