# PROG Holdings, Inc. (PRG)
lease-to-own · subprime · live · latest quarter 2026-06-30 · reporting basis subprime

**Score 4** (weighted flags). Virtual lease-to-own at retail point of sale.

## Latest quarter, from the company's own XBRL

| Measure | Value |
|---|---|
| Book total (subprime) | – |
| Allowance | $18.6M (– of gross) |
| Provision | $15.7M |
| Net charge-offs | $14.7M (– annualized) |
| Provision / NCO | 1.07 |
| Reserve, quarters of losses | 1.3 |
| 30+ / 60+ / 90+ | – / – / – |
| Nonaccrual | – |
| Yield | – |
| Equity / assets | 39.32% |
| Book growth YoY | – |

Delinquency note: Lease-to-own, not lending. There is no interest yield and no allowance in the lending sense; merchandise and lease receivable metrics are not comparable to a loan book.

## Flags

- **Equity share of assets falling sharply year over year** (`equity_eroding`)
- **Allowance covers under three quarters of the current loss burn** (`reserve_thin`)

## Reads on the desk

- HIGH: The allowance covers 1.3 quarters of losses at the current burn ($18.6M against $14.7M a quarter). Threshold: three quarters.
- HIGH: Equity fell to 39.3% of assets from 46.0% a year earlier, a 6.7 point erosion of the cushion under the book. Threshold: 4 points.

## In the news

- 2026-09-08 [Vulcan Value Partners LLC Sells 285,248 Shares of PROG Holdings, Inc $PRG - MarketBeat](https://news.google.com/rss/articles/CBMiywFBVV95cUxPTE90a0lua1llN3I0Z1BoRWdrUmRXOXVySzk2ZTRrX3F6YTVwRXdWNlJqak9zTHl4amh5SEdnampFa2ZuSDkxemoweW1ZeHlndzQ3Z2hKOW5hS00wamlxR3pnODlQcWJ4Z1dJbTZsS3pCc3Y0eWFJRkYxSzUxVjdnUUYwNUN2clNfaHNQY2ZSTU9WY3NZeGRtMWlzNlJiTHJjMlJ4RDBtb2JDT2NDamF1a1pCaHBTVmlzb0NHYmYtUDF5aGN6SlA5VWVWbw?oc=5) · MarketBeat
- 2026-08-05 [PROG Holdings, Inc. Declares Dividend - Yahoo Finance](https://news.google.com/rss/articles/CBMiogFBVV95cUxPbUpOenVkR3YwWHpNYkZBcWlTOFhScTFMWHlIYnlnU2czdngxbTk3SFF2WE1SU3dDc1hnX0RzNGNMTkFDWGlhenhJTnlELUw5dXhxbjNwSFlNQkZJaDJZY0JveDNLWU1tVUJLd0dXaHdTNGRaWThqSFlBb19kNlBETFA0SmlVeWF6Qjh4eHhIYnZTby1yU3ptSkRwS2h3Nk9wZUE?oc=5) · Yahoo Finance
- 2026-07-07 [PROG Holdings, Inc. to Release Second Quarter 2026 Financial Results on July 29, 2026 - Business Wire](https://news.google.com/rss/articles/CBMi1wFBVV95cUxNZ2Y0VTRiN1RxVDUxSFVIb3lDdVM1YWpMb3JzemlGSjlXaEtSMHFKZHhza3YwZGNjZlJROThqa1pKZFBTczQyeTBCRzhrS3hPZmk3R1YwWVRRcnh3V2NyY21MUHdGV2dVakNhaktybGJmMERySnZpUFFLbkdXbktlckhodEpUaVFYYktUZGdWMXZoYmVHZ1VkS2FOMjFNWWE4T3hNbEVYV3FBTWJoZ3F1LXU0RkN0aklFU3RaWmpxS3NpUUFxWUNWaXlTc0tKQnlycHdhemloQQ?oc=5) · Business Wire
- 2026-09-05 [Wellington Management Group LLP Raises Position in PROG Holdings, Inc $PRG - MarketBeat](https://news.google.com/rss/articles/CBMizgFBVV95cUxQRWprSk5lVUI4S0pSb050bzA4bmhEbFlrYkJxbTQwWFZ0emFTOW01RUk2NWdLRkV1N1dPdWFPdmNoTkFKS3lDZHhFelRTU09ISU1Gb3liVGlUZkJaVHprUHZyOTFWbVlmWEFIVVliY3hQRjloR3g3ZW14M1ppc1M2dS1NVEhUMm1iM01YbTNZc0JzZnZ4MldqTXNoR2tPOFp4RWJjR1ItYnRESUt0S3I1alV2M3EwZXQyd3lET3prSDN2UW5OdW95ZDMtM2ZlZw?oc=5) · MarketBeat
- 2026-07-29 [PROG Holdings (NYSE:PRG) Shares Dip Despite Q2 EPS Beat as Revenue Misses Estimates - ChartMill](https://news.google.com/rss/articles/CBMiywFBVV95cUxNMDUxRllqYmloMUJYekxORGIxaE5iV1BVd3dwaWJUOFByLUIyS1pJZTQyMkhyTWxQajBaaEJ4LWVEZ3pnR2dVd055cmRuZE93TEo2OHAzNzNXa1FiVVlzck9RaEtvSzRRS2trTHJucWRfYU5mYkhNcWNkZ3M5YmNqSHNkT1ZYQnlaaHZxN3VwT2tSOXNza20zYUtJNXJCdjVoZ255S0xkdnY1eTF3NXEwSkZ4U29TbFdPb1Q0azBOZlEwWTA0VWkxNDRBZw?oc=5) · ChartMill
- 2026-08-13 [PROG Holdings: Growth Is Outpacing Its Valuation (NYSE:PRG) - Seeking Alpha](https://news.google.com/rss/articles/CBMikgFBVV95cUxNNDVqVTVZX0hZdWtmUDJ5YmlrZl9adWp4Q3ItbkRuSV9KVzBvczlIVFluSHpISEF2U0o3UmszLUt3WW5HTWtKbWVkMjUyOUM4N0dmajBtSlNCcG5vVUc3UDFWSFAzXzNzNGxUMGRoNExBWkdpTG9uSHpUaU1COEpMWXJxV3JYZ1JCcFNPdWFQUU5EQQ?oc=5) · Seeking Alpha
- 2026-08-05 [PROG Holdings (PRG) insider plans $91,060 sale of 2,000 common shares - stocktitan.net](https://news.google.com/rss/articles/CBMimAFBVV95cUxOb1FUSFBFZnItTnhaRmU5N1dMSGxHV0tQaWVYNy0yVnIwVWtOSlVDWl9UU3hRdXFfQi14UXJfTm5BMWFSbkpmQzB2bmt0TFVfOWdqSERielZXNzRtcW96UUlieHJVTzF4SlFxTlk0Z0c0b3RMYWFuUmhOQ3lEdmw2YzVFOUNYSjNkMVR6TFdhZEFKME4yNm1lbg?oc=5) · stocktitan.net
- 2026-05-27 [PRG - PROG Holdings Inc Stock Price and Quote - Finviz](https://news.google.com/rss/articles/CBMiREFVX3lxTE9NWEY0cTAzWGx4bXlVZHZZU1BnS2VCMkswNW1oQXBFM3BQQ2JlSTlrWEwxOENoQ1VKQTdycjhwdk5raEJL?oc=5) · Finviz

## How to verify

- Page: https://getbookiq.com/intel/#co=PRG
- Data: https://getbookiq.com/intel/data/pubco.json (companies[].hist, columns q, receivables_gross, receivables_net, receivables_fv, book_total, allowance, provision, writeoffs, recoveries, nco, revenue, interest_income, nonaccrual, assets, equity, debt, alw_ratio, nco_rate, yield, prov_nco, nonacc_ratio, equity_ratio, leverage, reserve_qtrs, growth_yoy, alw_chg_yoy, nco_chg_yoy, nonacc_chg_yoy, yield_chg_yoy, eq_chg_yoy, dq30, dq60, dq90, dq_total, dq30_r, dq60_r, dq90_r, dq_total_r, dq90_chg_yoy, dqtot_chg_yoy, score)
- Definitions: https://getbookiq.com/dictionary/#auto-prov_nco
- Source: SEC XBRL company facts. Blank means the filer does not tag that concept, never zero. Peer comparison is within a business model or tier only.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide