PROG Holdings, Inc.

Breach Inlet Capital Issues Presentation Highlighting that PROG Holdings is a Misunderstood Transformation with Potential Catalysts

Breach Inlet Capital, a top-10 shareholder of PROG Holdings with approximately 3.0% of shares outstanding, published an investment presentation arguing PRG shares are materially undervalued. The presentation floats a potential catalyst: PRG could spin off its high-growth business to correct what the firm views as a mispricing. This is third-party activist commentary, not a company disclosure — and the release's own disclaimer cites a ~2.7% stake while noting the firm may buy or sell shares at any time without notice.

•1mo ago

PROG Holdings, Inc. Declares Dividend

PROG Holdings declared a quarterly cash dividend of $0.14 per share, payable on September 3, 2026. Shareholders of record as of the close of business on August 18, 2026 are eligible for the payment. The company operates as a fintech holding company for subsidiaries including Progressive Leasing, Four Technologies, MoneyApp and Purchasing Power.

•2mo ago

PROG Holdings Reports Second Quarter 2026 Results

PROG Holdings reported Q2 2026 revenue of $719.7 million, up 22.3% year-over-year, with Adjusted EBITDA rising 22.8% to $88.4 million. Consolidated GMV surged 60.1% to $902.0 million, driven by triple-digit growth at Four and contributions from the recently acquired Purchasing Power, while Progressive Leasing returned to positive GMV growth. The company reduced its net leverage ratio to 1.7x and resumed share repurchases, leading it to raise full-year 2026 outlook for revenue, adjusted EBITDA, and non-GAAP EPS.

•2mo ago

Precipitate Gold Strengthens Board with Appointment of Dominican Business Leader Pelayo Troncoso and Mining Finance Executive John Wenger

Precipitate Gold appointed Pelayo Troncoso and John Wenger to its Board of Directors, returning the board to five members. Troncoso brings capital markets expertise as CEO of Gamma International Bank and deep connections in the Dominican Republic, while Wenger adds mining finance experience as CFO of Miata Metals. The company stated these appointments strengthen its governance and regional expertise to advance its Dominican Republic exploration projects.

•3mo ago

President and CEO Steve Michaels Named Chairman of PROG Holdings, Inc.

PROG Holdings announced that President and CEO Steve Michaels has been appointed Chairman of the Board, succeeding Ray Robinson. Mr. Robinson, the former Chairman, has been appointed to the role of Lead Independent Director. The Board cited Michaels' strategic vision and financial performance delivery as key drivers behind the decision to consolidate the leadership roles.

•5mo ago

PROG Holdings Reports First Quarter 2026 Results

PROG Holdings reported Q1 revenue of $742.7 million, up 11.1% year-over-year, with Adjusted EBITDA surging 29.2% to $90.3 million. The company raised its full-year 2026 outlook, now projecting revenue of $3.00B-$3.10B and non-GAAP EPS of $4.40-$4.80, citing strong momentum across its Four and Purchasing Power segments. Management highlighted significant balance sheet improvement, reducing net leverage to 2.0x since the Purchasing Power acquisition, while maintaining substantial share repurchase authorization.

•5mo ago