PROG Holdings, Inc. is a financial technology holding company that provides transparent and competitive payment options to consumers. The company specializes in lease-to-own solutions and credit products, primarily targeting subprime and near-prime consumers. Its offerings include lease-to-own transactions, revolving credit products, and Buy Now, Pay Later (BNPL) solutions.
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Progressive Leasing - Provides lease-to-own solutions for durable goods through approximately 23,000 third-party point-of-sale (POS) partner locations and e-commerce websites in the United States, Puerto Rico, and the District of Columbia. Operates without its own stores, purchasing merchandise from POS partners and leasing it to customers through cancellable lease-to-own transactions.
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Vive Financial - Offers revolving credit products, including private label and Vive-branded credit cards, primarily targeting customers who may not qualify for traditional prime lending. Its network includes over 6,200 POS partner locations and e-commerce websites, covering sectors like furniture, mattresses, fitness equipment, home improvement, and medical/dental services.
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Four Technologies, Inc. (Four) - A Buy Now, Pay Later (BNPL) platform that allows consumers to pay for purchases in four interest-free installments. Serves a variety of retail categories, including furniture, clothing, electronics, and more.
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Build - A credit-building financial management tool, not considered a reportable segment due to its financial insignificance to the company's overall results.
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- With the loss of Big Lots impacting GMV by a mid-$30 million headwind in Q1 and an annual hit of $130–150 million, how do you plan to mitigate this headwind and successfully transition these customers to other partners?
- Despite revenue and adjusted EBITDA exceeding guidance, GMV growth was muted; what targeted initiatives are in place to boost GMV in the face of ongoing consumer softness and a challenging macroeconomic environment?
- Four Technologies delivered triple-digit GMV growth and positive adjusted EBITDA in Q1 while catering to a different customer base than Progressive Leasing; how do you plan to leverage this momentum to enhance cross-sell opportunities across your ecosystem?
- Given the current macro uncertainties around inflation, tariffs, and consumer confidence, how will you balance cost discipline—particularly in SG&A—with necessary investments in technology and marketing to sustain long-term growth?
No recent press releases or 8-K filings found for PRG.