Prog Holdings, Inc. · NYSE:PRG
Prog — Q2 2026 Earnings Presentation
25 slides from Prog's earnings presentation, Jul 29, 2026
Slide 1: PROG Holdings, Inc. Q2 2026 Earnings Supplement
PROG Holdings, Inc. Q2 2026 Earnings Supplement JULY 29, 2026 PROG Internal
Slide 2: Use of Forward-Looking Statements
Use of Forward-Looking Statements Statements, estimates and projections in this earnings supplement regarding our business that are not historical facts are "forward-looking statements" that involve risks and uncertainties which could cause actual results to differ materially from those contained in
Slide 3: PROG Holdings Q2 2026 Headlines
PROG Holdings Q2 2026 Headlines • Consolidated revenues from continuing operations of $719.7 million, up 22.3%; Net earnings from continuing operations of $37.4 million • Adjusted EBITDA from continuing operations of $88.4 million, up 22.8% • Diluted EPS from continuing operations of $0.92; Non- GAA
Slide 4: PROG Holdings Executive Commentary
PROG Holdings Executive Commentary "PROG Holdings delivered a strong second quarter, with revenue toward the higher end of our outlook and both adjusted EBITDA and Non-GAAP EPS coming in above the top end of our April outlook ranges, a reflection of disciplined execution across the business," said P
Slide 5: PROG Holdings Q2 Consolidated Results (from continuing operations)
PROG Holdings Q2 Consolidated Results (from continuing operations) Revenue Non-GAAP EPS in millions $1.24 $1.19 $742.7 $719.7 $1.00 $588.5 $577.7 $574.6 $0.87 $0.74 • Consolidated revenue increased 22.3% driven by the acquisition of Purchasing Power and growth at Four Technologies, partially offset
Slide 6: Results
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Slide 7: PROG Holdings Consolidated Q2 Results (from continuing operations)
PROG Holdings Consolidated Q2 Results (from continuing operations) Three Months Ended Change June 30 2026 2025 Consolidated GMV $902.0 $563.5 60.1% Revenue $719.7 $588.5 22.3% GAAP Net Earnings $37.4 $37.6 -0.5% Adjusted Net Earnings $48.7 $40.6 19.8% Adjusted EBITDA $ $88.4 $72.0 22.8% Adjusted EBI
Slide 8: PROG Holdings Consolidated Results
PROG Holdings Consolidated Results Operating Cash Flow Cash and Cash From Continuing Operations Equivalents Six Months Ended 6/30/2026 As of 6/30/2026 $283M $85.2M Gross Recourse Debt1 Net Leverage Ratio2 As of 6/30/2026 As of 6/30/2026 $600M 1.7x 1)Recourse debt does not include securitization fund
Slide 9: PROG Holdings Revised Full-Year 2026 Outlook
PROG Holdings Revised Full-Year 2026 Outlook The Company is increasing its full year 2026 outlook. The outlook assumes an operating environment with no change in the current financial pressures and uncertainties for our customers, no material changes in the company’s decisioning posture, no meaningf
Slide 10: PROG Holdings Q3 2026 Outlook
PROG Holdings Q3 2026 Outlook The Company is providing selective third quarter 2026 outlook metrics. The outlook assumes an operating environment with no change in the current financial pressures and uncertainties for our customers, no material changes in the company’s decisioning posture, no meanin
Slide 11: Appendix
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Slide 12: Use of Non-GAAP Financial Measures
Use of Non-GAAP Financial Measures Non-GAAP net earnings from continuing operations, non-GAAP diluted earnings from continuing operations per share, and adjusted EBITDA are supplemental measures of our performance that are not calculated in accordance with generally accepted accounting principles in
Slide 13: GAAP to non-GAAP Reconciliation Tables
GAAP to non-GAAP Reconciliation Tables PROG Holdings, Inc. Reconciliation of Net Earnings and Diluted Earnings Per Share to Non- GAAP Net Earnings and Diluted Earnings Per Share (In thousands, except per share amounts) PROG Internal
Slide 14: GAAP to non-GAAP Reconciliation Tables
GAAP to non-GAAP Reconciliation Tables PROG Holdings, Inc. Reconciliation of Net Earnings and Diluted Earnings Per Share to Non- GAAP Net Earnings and Diluted Earnings Per Share (In thousands, except per share amounts) PROG Internal
Slide 15: GAAP to non-GAAP Reconciliation Tables
GAAP to non-GAAP Reconciliation Tables PROG Holdings, Inc. Non-GAAP Financial Information Quarterly Segment EBITDA (In thousands) PROG Internal
Slide 16: GAAP to non-GAAP Reconciliation Tables
GAAP to non-GAAP Reconciliation Tables PROG Holdings, Inc. Non-GAAP Financial Information Quarterly Segment EBITDA (In thousands) PROG Internal
Slide 17: GAAP to non-GAAP Reconciliation Tables
GAAP to non-GAAP Reconciliation Tables PROG Holdings, Inc. Non-GAAP Financial Information Quarterly Segment EBITDA (In thousands) PROG Internal
Slide 18: GAAP to non-GAAP Reconciliation Tables
GAAP to non-GAAP Reconciliation Tables PROG Holdings, Inc. Non-GAAP Financial Information Consolidated & Progressive Leasing Adjusted EBITDA % PROG Internal
Slide 19: GAAP to non-GAAP Reconciliation Tables
GAAP to non-GAAP Reconciliation Tables PROG Holdings, Inc. Non-GAAP Financial Information Reconciliation of Revised Full Year 2026 Outlook for Adjusted EBITDA (In thousands) PROG Internal
Slide 20: GAAP to non-GAAP Reconciliation Tables
GAAP to non-GAAP Reconciliation Tables PROG Holdings, Inc. Non-GAAP Financial Information Reconciliation of Previous Full Year 2026 Outlook for Adjusted EBITDA (In thousands) PROG Internal
Slide 21: GAAP to non-GAAP Reconciliation Tables
GAAP to non-GAAP Reconciliation Tables PROG Holdings, Inc. Non-GAAP Financial Information Reconciliation of the Three Months Ended September 30, 2026 Outlook for Adjusted EBITDA (In thousands) PROG Internal
Slide 22: GAAP to non-GAAP Reconciliation Tables
GAAP to non-GAAP Reconciliation Tables PROG Holdings, Inc. Non-GAAP Financial Information Reconciliation of Revised Full Year 2026 Outlook for Diluted Earnings Per Share to Non-GAAP Diluted Earnings Per Share PROG Internal
Slide 23: GAAP to non-GAAP Reconciliation Tables
GAAP to non-GAAP Reconciliation Tables PROG Holdings, Inc. Non-GAAP Financial Information Reconciliation of Previous Full Year 2026 Outlook for Diluted Earnings Per Share to Non-GAAP Diluted Earnings Per Share PROG Internal
Slide 24: GAAP to non-GAAP Reconciliation Tables
GAAP to non-GAAP Reconciliation Tables PROG Holdings, Inc. Non-GAAP Financial Information Reconciliation of the Three Months Ended September 30, 2026 Outlook for Diluted Earnings Per Share to Non- GAAP Diluted Earnings Per Share
Slide 25: PROG Internal
PROG Internal