PROG Holdings, Inc.
For the period ended Oct 28, 2026. Filed Oct 28, 2026.
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Oct 28, 2026 · Filed Oct 28, 2026
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Contents
EX-99.1 · (In thousands, except share data)
(In thousands, except share data)
| (Unaudited) | ||
|---|---|---|
| September 30,2026 | December 31,2025 | |
| Assets | ||
| Cash and cash equivalents | $108,917 | $308,774 |
| Restricted cash1 | 9,663 | — |
| Receivables (net of allowances and unearned interest income of $113,841 in 2026 and $68,806 in 2025; includes $39,633 recorded at fair value in 2026)1 | 374,630 | 74,228 |
| Other receivables (net of allowances and unearned interest income of $9,098 in 2026 and $0 in 2025; includes $3,494 recorded at fair value in 2026)1 | 40,415 | — |
| Lease merchandise (net of accumulated depreciation and allowances of $442,115 in 2026 and $407,104 in 2025) | 511,293 | 609,009 |
| Loans receivable (net of allowances and unamortized fees of $20,701 in 2026 and $18,246 in 2025) | 74,383 | 90,648 |
| Property and equipment, net | 26,482 | 19,526 |
| Goodwill and other intangibles, net | 755,308 | 353,835 |
| Income tax receivable | 22,791 | 47,894 |
| Deferred income tax assets | 18,423 | 19,561 |
| Prepaid expenses and other assets | 104,812 | 73,383 |
| Assets of discontinued operations | 8,483 | 13,550 |
| Total assets | $2,055,600 | $1,610,408 |
| Liabilities and shareholders' equity | ||
| Accounts payable and accrued expenses | $159,727 | $96,471 |
| Debt, net1 | 865,841 | 594,861 |
| Deferred income tax liabilities | 167,562 | 121,152 |
| Other liabilities | 52,410 | 44,676 |
| Liabilities of discontinued operations | 2,063 | 6,831 |
| Total liabilities | 1,247,603 | 863,991 |
| Shareholders' equity | ||
| Common stock, par value $0.50 per share: authorized: 225,000,000 shares at September 30, 2026 and December 31, 2025; shares issued: 82,078,654 at September 30, 2026 and December 31, 2025 | 41,039 | 41,039 |
| Additional paid-in capital | 363,836 | 363,583 |
| Retained earnings | 1,687,514 | 1,594,685 |
| 2,092,389 | 1,999,307 | |
| Less: treasury shares at cost | ||
| Common stock: 43,081,978 shares at September 30, 2026 and 42,502,844 at December 31, 2025 | (1,284,392) | (1,252,890) |
| Total shareholders' equity | 807,997 | 746,417 |
| Total liabilities and shareholders' equity | $2,055,600 | $1,610,408 |
1 As of September 30, 2026, consolidated VIE assets included $356.7 million of receivables and $8.1 million of restricted cash that can only be used to settle their obligations, and consolidated VIE liabilities included $272.0 million of debt for which creditors have no recourse to the Company. See Note 1.
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