PRG: PROG Holdings Reports Q1 Profit Growth and Revenue Surge

PROG Holdings Reports Q1 Profit Growth and Revenue Surge

Apr 29, 2026 11:36 UTC

PRG

Short term

PROG Holdings, Inc. (PRG) has announced its financial results for the first quarter, reporting a year-over-year increase in both net income and total revenue. The company's GAAP earnings reached $36.05 million, translating to $0.89 per share, compared to $34.72 million or $0.83 per share in the prior year's first quarter. On an adjusted basis, the firm reported earnings of $50.77 million, or $1.24 per share for the period. This performance was underpinned by a strong top-line showing, as revenue rose 11.1% to $742.67 million, up from $668.43 million during the same period last year. Looking ahead, PROG Holdings issued guidance for the next quarter that suggests a substantial ramp-up in business activity. The company expects earnings per share to fall between $3.68 and $4.06, while projecting revenue to reach between $3.000 billion and $3.100 billion. The results indicate a steady growth trajectory for the company, with the significant jump in projected revenue for the coming quarter serving as a primary point of interest for investors monitoring the firm's scaling capabilities.

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