PROG Holdings, Inc.
For the period ended Mar 31, 2026. Filed Apr 29, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed Apr 29, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheets – March (Unaudited) and December 31,
CONDENSED CONSOLIDATED BALANCE SHEETS
| (Unaudited) | ||
|---|---|---|
| March 31,2026 | December 31,2025 | |
| Assets · (in thousands, except share data) | ||
| Cash and cash equivalents | $69,386 | $308,774 |
| Restricted cash | 10,116 | — |
| Receivables (net of allowances and unearned interest income of $80,638 in 2026 and $68,806 in 2025; includes $203,043 recorded at fair value in 2026)1 | 387,586 | 74,228 |
| Other receivables (net of allowances and unearned interest income of $3,344 in 2026 and $0 in 2025; includes $20,891 recorded at fair value in 2026)1 | 34,588 | — |
| Lease merchandise (net of accumulated depreciation and allowances of $412,002 in 2026 and $407,104 in 2025) | 531,292 | 609,009 |
| Loans receivable (net of allowances and unamortized fees of $18,055 in 2026 and $18,246 in 2025) | 71,000 | 90,648 |
| Property and equipment, net | 21,817 | 19,526 |
| Goodwill and other intangibles, net | 771,676 | 353,835 |
| Income tax receivable | 26,601 | 47,894 |
| Deferred income tax assets | 19,311 | 19,561 |
| Prepaid expenses and other assets | 86,649 | 73,383 |
| Assets of discontinued operations | 12,490 | 13,550 |
| Total assets | $2,042,512 | $1,610,408 |
| Liabilities and shareholders' equity | ||
| Accounts payable and accrued expenses | $136,967 | $96,471 |
| Debt, net1 | 936,122 | 594,861 |
| Deferred income tax liabilities | 147,922 | 121,152 |
| Other liabilities | 43,759 | 44,676 |
| Liabilities of discontinued operations | 3,387 | 6,831 |
| Total liabilities | 1,268,157 | 863,991 |
| Commitments and contingencies (note 8) | ||
| Shareholders' equity | ||
| Common stock, par value $0.50 per share: authorized: 225,000,000 shares at March 31, 2026 and December 31, 2025; shares issued: 82,078,654 at March 31, 2026 and December 31, 2025 | 41,039 | 41,039 |
| Additional paid-in capital | 348,486 | 363,583 |
| Retained earnings | 1,624,879 | 1,594,685 |
| 2,014,404 | 1,999,307 | |
| Less: treasury shares at cost | ||
| Common stock: 42,014,857 shares at March 31, 2026 and 42,502,844 at December 31, 2025 | (1,240,049) | (1,252,890) |
| Total shareholders' equity | 774,355 | 746,417 |
| Total liabilities and shareholders' equity | $2,042,512 | $1,610,408 |
1 As of March 31, 2026, receivables included $375.1 million of contractual amounts outstanding of consolidated VIEs that can only be used to settle their obligations, and debt included $293.7 million of liabilities of consolidated VIEs for which creditors have no recourse to the Company. See Note 1.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.