PROG Holdings Q1 Revenue Dips Slightly
Ticker: PRG · Form: 10-Q · Filed: Apr 23, 2025 · CIK: 1808834
| Field | Detail |
|---|---|
| Company | Prog Holdings, Inc. (PRG) |
| Form Type | 10-Q |
| Filed Date | Apr 23, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: earnings, revenue, financials
TL;DR
PROG Holdings Q1 revenue down slightly to $317.8M ($307.5M lease, $10.3M interest). Watch for trends.
AI Summary
PROG Holdings, Inc. filed its 10-Q for the period ending March 31, 2025. The company reported lease revenues and fees of $307.5 million for Q1 2025, a slight decrease from $310.1 million in Q1 2024. Interest and fees on loans receivable also saw a minor dip from $10.5 million in Q1 2024 to $10.3 million in Q1 2025.
Why It Matters
This filing provides insight into PROG Holdings' recent financial performance, indicating a slight contraction in key revenue streams which could impact future profitability and investor sentiment.
Risk Assessment
Risk Level: medium — The slight decrease in revenues and interest income, coupled with the company's business model, suggests potential sensitivity to economic conditions and consumer spending.
Key Numbers
- $307.5M — Lease Revenues and Fees (Q1 2025 revenue, down from $310.1M in Q1 2024.)
- $10.3M — Interest and Fees on Loans Receivable (Q1 2025 revenue, down from $10.5M in Q1 2024.)
- $317.8M — Total Revenue (Sum of Lease Revenues and Fees and Interest and Fees on Loans Receivable for Q1 2025.)
Key Players & Entities
- PROG Holdings, Inc. (company) — Filer of the 10-Q
- 20250331 (date) — End of reporting period
- $307.5 million (dollar_amount) — Lease Revenues and Fees for Q1 2025
- $310.1 million (dollar_amount) — Lease Revenues and Fees for Q1 2024
- $10.3 million (dollar_amount) — Interest and Fees on Loans Receivable for Q1 2025
- $10.5 million (dollar_amount) — Interest and Fees on Loans Receivable for Q1 2024
FAQ
What was PROG Holdings' total lease revenue and fees for the first quarter of 2025?
PROG Holdings reported lease revenues and fees of $307.5 million for the first quarter of 2025.
How did lease revenues and fees in Q1 2025 compare to Q1 2024?
Lease revenues and fees decreased slightly from $310.1 million in Q1 2024 to $307.5 million in Q1 2025.
What was the reported interest and fees on loans receivable for Q1 2025?
For the first quarter of 2025, interest and fees on loans receivable were $10.3 million.
Did interest and fees on loans receivable increase or decrease from the prior year's first quarter?
Interest and fees on loans receivable decreased from $10.5 million in Q1 2024 to $10.3 million in Q1 2025.
What is the filing date of this 10-Q report?
This 10-Q report was filed on April 23, 2025.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on April 23, 2025 regarding PROG Holdings, Inc. (PRG).