PROG: An Overlooked Cash-Generating Fintech

Despite a 20% stock decline from partner bankruptcies and GMV headwinds, PRG maintains exclusive long-term POS contracts and expanding BNPL operations. The $420M Purchasing Power acquisition is expected to enhance EBITDA but temporarily increases leverage to ~2.1x net debt / Adjusted EBITDA. Insider buying and conservative DCF analysis suggest a 40% undervaluation, with risks centered on partner concentration, regulation, and discretionary goods exposure.

Seeking Alpha • Jan 13, 2026

PROG Holdings Closes Purchasing Power Acquisition

SALT LAKE CITY--(BUSINESS WIRE)--PROG Holdings completes acquisition of Purchasing Power.

Business Wire • Jan 2, 2026

PROG Holdings, Inc. to Host 2026 Investor Day

SALT LAKE CITY--(BUSINESS WIRE)--PROG Holdings, Inc. (NYSE: PRG), the fintech holding company that provides inclusive consumer financial products including transparent and flexible payment options through its subsidiaries Progressive Leasing, Four Technologies, and Build, today announced it will host an Investor Day in New York City on March 10, 2026, beginning at 8:30 AM ET. PROG Holdings President and CEO, Steve Michaels, CFO Brian Garner, and other members of the senior leadership team will.

Business Wire • Dec 8, 2025

PROG Holdings, Inc. (PRG) M&A Call Transcript

PROG Holdings, Inc. (PRG) M&A Call Transcript

Seeking Alpha • Dec 2, 2025

PROG Holdings to Acquire Purchasing Power

SALT LAKE CITY--(BUSINESS WIRE)--PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Four Technologies, and Build, today announced it has reached an agreement to acquire Purchasing Power, a leading voluntary employee benefit program provider allowing employees to purchase brand-name products and services through either automatic payroll deductions or allotments. Purchasing Power successfully partners with some of America's largest employers across more than 25 i.

Business Wire • Dec 1, 2025

PROG: Buy Now, Pay Later Segment May Power P/E Rerate.

PROG Holdings, Inc. (PRG) is positioned for a potential P/E rerating as their Buy Now, Pay Later business gains investor attention. Management has $150 million of excess cash from the divestiture of Vive Financial in Q3 2025. PROG repurchases ~1% of outstanding shares every quarter which provides strong downside protection and predictable EPS growth.

Seeking Alpha • Nov 27, 2025

PROG Holdings, Inc. Declares Dividend

SALT LAKE CITY--(BUSINESS WIRE)--PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Four Technologies, and Build, announced today its Board of Directors declared a quarterly cash dividend of $0.13 per share of common stock, payable on December 2, 2025, to shareholders of record as of the close of business on November 18, 2025. About PROG Holdings, Inc. PROG Holdings, Inc. (NYSE:PRG) is a fintech holding company headquartered in Salt Lake City, UT, that provides.

Business Wire • Nov 6, 2025

PROG Holdings, Inc. (PRG) Q3 2025 Earnings Call Transcript

PROG Holdings, Inc. (NYSE:PRG ) Q3 2025 Earnings Call October 22, 2025 8:30 AM EDT Company Participants John Baugh - Vice President of Investor Relations Steven Michaels - CEO, President & Director Brian Garner - Chief Financial Officer Conference Call Participants Kyle Joseph - Stephens Inc., Research Division Robert Griffin - Raymond James & Associates, Inc., Research Division Anthony Chukumba - Loop Capital Markets LLC, Research Division Hoang Nguyen - TD Cowen, Research Division Bradley Thomas - KeyBanc Capital Markets Inc., Research Division John Hecht - Jefferies LLC, Research Division Vincent Caintic - BTIG, LLC, Research Division Presentation Operator Good day, and thank you for standing by. Welcome to the PROG Holdings Third Quarter Earnings Conference Call.

Seeking Alpha • Oct 22, 2025

PROG Holdings Reports Third Quarter 2025 Results

SALT LAKE CITY--(BUSINESS WIRE)--PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, Four Technologies, and Build, today announced financial results for the third quarter ended September 30, 2025. "Our third quarter results once again highlight the strength and consistency of our execution, even as consumers face ongoing economic pressures," said Steve Michaels, President and CEO of PROG Holdings. "We delivered strong earnings and expanded margin.

Business Wire • Oct 22, 2025

PROG Holdings (PRG) Surpasses Q3 Earnings and Revenue Estimates

PROG Holdings (PRG) came out with quarterly earnings of $0.9 per share, beating the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.77 per share a year ago.

Zacks Investment Research • Oct 22, 2025