PROG Holdings, Inc.
For the period ended Dec 31, 2025. Filed Feb 18, 2026.
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FY2025 · Filed Feb 18, 2026
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ITEM 2. PROPERTIES
The Company leases management and information technology space for corporate functions under operating leases expiring at various times through 2028. Most of the leases contain renewal options for additional periods ranging from two to three years. The following table sets forth certain information regarding our corporate and segment management facilities as of December 31, 2025:
| LOCATION1 | SEGMENT, PRIMARY USE AND HOW HELD | SQ. FT. |
|---|---|---|
| Draper, Utah | Progressive Leasing — Corporate Management – Leased | 74,000 |
| Aventura, Florida | Four — Corporate Management – Leased | 6,769 |
1 On January 25, 2024, the Company announced that it had taken several restructuring actions, including the reduction and consolidation of its office space in Utah and Arizona. During the first quarter of 2024, the Company reduced its office space in Utah by 50% and completely vacated the office space in Arizona. The closure of the office space in Arizona was not due to a reduction in the workforce there, but rather, was due to the employees who had worked in that space being allowed to permanently work from home. A corresponding impairment was recognized for the abandoned right-of-use lease assets. The existing lease agreement for Utah expires in May 2027.
We believe that all of our facilities are well maintained and adequate for their current and reasonably foreseeable uses.
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