PROG Holdings, Inc. (PRG) Balance Sheet
PRG balance sheet, 2025
December 31, 2025 · U.S. dollars$1.61B assets = $864.0M liabilities + $746.4M equity
Both columns are drawn to the same scale: what PRG owns equals what it owes plus shareholders’ equity. Hover a block for its value.
PRG financial health
Descriptive bands, not a rating. Fiscal 2025.
PRG balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.62B2016 | $1.61B2025 | −5.2%/yr | |
| Total liabilities | $1.13B2016 | $864.0M2025 | −3.0%/yr | |
| Shareholders’ equity | $1.48B2016 | $746.4M2025 | −7.3%/yr | |
| Cash & short-term investments | $308.6M2016 | $308.8M2025 | +0.0%/yr | |
| Total debt | $644.3M2016 | $609.4M2025 | −0.6%/yr | |
| Net cash (debt) | −$335.8M2016 | −$300.6M2025 | +$35.2M | |
| Working capital | $1.11B2016 | $986.2M2025 | −$123.7M | |
| Book value per share | $20.292016 | $18.272025 | −1.2%/yr | |
| Debt / equity | 0.432016 | 0.822025 | +0.38 | |
| Shares outstanding | 73.0M2016 | 40.9M2025 | −6.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
PRG assets
PRG liabilities and equity
PRG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
PRG balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $308.8M | $95.7M | $155.4M | $131.9M | $170.2M | $36.6M | $57.8M | $15.3M | $51.0M | $308.6M |
| Cash & equivalents | $308.8M | $95.7M | $155.4M | $131.9M | $170.2M | $36.6M | $57.8M | $15.3M | $51.0M | $308.6M |
| Short-term investments | — | — | — | — | — | — | — | — | $20.4M | $20.5M |
| Receivables | $164.9M | $237.9M | $194.7M | $214.4M | $199.9M | $140.4M | $142.3M | $203.5M | $286.0M | $192.5M |
| Inventory | $609.0M | $680.2M | $633.4M | $648.0M | $714.1M | $610.3M | $651.8M | $1.32B | $1.15B | $999.4M |
| Other current assets | $0 | $61.1M | $0 | $48.5M | $48.2M | $39.6M | $0 | $65.3M | $78.4M | $84.4M |
| Total current assets | $1.08B | $1.07B | $983.5M | $1.04B | $1.13B | $826.9M | $851.9M | $1.60B | $1.57B | $1.58B |
| Property, plant & equipment (net) | $22.3M | $25.5M | $33.4M | $35.7M | $43.1M | $47.3M | $54.6M | $229.5M | $207.7M | $211.3M |
| Goodwill & intangible assets | $353.8M | $369.8M | $387.7M | $410.5M | $443.5M | $443.2M | $465.4M | $961.8M | $858.5M | $774.4M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $20.4M | $20.5M |
| Other non-current assets | $151.6M | $43.6M | $86.6M | $3.0M | $2.8M | $0 | $1.93B | $32.9M | $33.0M | $24.8M |
| Total assets | $1.61B | $1.51B | $1.49B | $1.49B | $1.62B | $1.32B | $3.30B | $2.83B | $2.69B | $2.62B |
| Liabilities | ||||||||||
| Accounts payable | $18.5M | $13.1M | $20.2M | $14.4M | $13.7M | $78.2M | $12.5M | $88.4M | $80.8M | $71.9M |
| Short-term debt | $0 | $46.8M | $5.7M | $591.0M | $589.7M | $50.0M | $369.4M | $83.8M | $97.2M | $146.5M |
| Deferred revenue | — | $40.9M | $35.7M | $37.1M | $45.1M | $46.6M | $91.9M | $80.6M | $68.1M | $62.4M |
| Total current liabilities | $96.5M | $180.9M | $151.3M | $172.1M | $181.0M | $124.8M | $233.6M | $430.2M | $440.1M | $474.8M |
| Long-term debt | $594.9M | $643.6M | $592.3M | $591.0M | $589.7M | $50.0M | $341.0M | $424.8M | $368.8M | $497.8M |
| Lease obligations | $7.3M | $11.5M | $15.8M | $21.1M | $25.4M | $29.5M | $372.1M | — | — | — |
| Other long-term liabilities | $172.7M | $39.0M | $156.4M | $158.4M | $171.7M | $156.5M | $985.9M | $211.0M | $155.3M | $161.5M |
| Total liabilities | $864.0M | $863.5M | $899.9M | $921.4M | $942.4M | $331.3M | $1.56B | $1.07B | $959.1M | $1.13B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $41.0M | $41.0M | $41.0M | $41.0M | $41.0M | $45.4M | $45.4M | $45.4M | $45.4M | $45.4M |
| Retained earnings (deficit) | $1.59B | $1.47B | $1.29B | $1.15B | $1.06B | $1.24B | $2.03B | $2.01B | $1.82B | $1.53B |
| Treasury stock | — | — | — | — | −$749.4M | −$613.9M | −$627.9M | −$567.8M | −$407.7M | −$352.7M |
| Accumulated other comprehensive income | — | — | — | — | $0 | $0 | −$19,000 | −$1.1M | $774,000 | −$531,000 |
| Total shareholders' equity | $746.4M | $650.3M | $591.3M | $570.5M | $679.4M | $986.1M | $1.74B | $1.76B | $1.73B | $1.48B |
| Key figures | ||||||||||
| Total debt | $609.4M | $655.1M | $608.1M | $612.1M | $615.1M | $79.5M | $33.9M | $508.5M | $466.0M | $644.3M |
| Net cash (debt) | −$300.6M | −$559.4M | −$452.7M | −$480.2M | −$444.9M | −$42.9M | $23.9M | −$493.3M | −$415.0M | −$335.8M |
| Working capital | $986.2M | $893.9M | $832.3M | $870.7M | $951.3M | $702.0M | $618.3M | $1.17B | $1.13B | $1.11B |
| Tangible book value | $392.6M | $280.4M | $203.6M | $160.0M | $235.9M | $542.9M | $1.27B | $798.9M | $869.5M | $707.2M |
| Book value per share | $18.27 | $14.93 | $12.70 | $10.99 | $10.29 | $14.66 | $25.81 | $24.94 | $23.96 | $20.29 |
| Shares outstanding | 40.9M | 43.5M | 46.5M | 51.9M | 66.0M | 67.3M | 67.3M | 70.6M | 72.1M | 73.0M |
| Current ratio | 11.22 | 5.94 | 6.50 | 6.06 | 6.26 | 6.62 | 3.65 | 3.72 | 3.56 | 3.34 |
| Quick ratio | 4.91 | 1.84 | 2.31 | 2.01 | 2.04 | 1.42 | 0.86 | 0.51 | 0.77 | 1.06 |
| Debt / equity | 0.82 | 1.01 | 1.03 | 1.07 | 0.91 | 0.08 | 0.02 | 0.29 | 0.27 | 0.43 |
| Equity / assets | 46.3% | 43.0% | 39.7% | 38.2% | 41.9% | 74.9% | 52.7% | 62.3% | 64.3% | 56.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $85.2M | $79.5M | $308.8M | $292.6M | $222.0M | $213.3M | $95.7M | $221.7M | $250.1M | $252.8M | $155.4M | $294.8M |
| Cash & equivalents | $85.2M | $79.5M | $308.8M | $292.6M | $222.0M | $213.3M | $95.7M | $221.7M | $250.1M | $252.8M | $155.4M | $294.8M |
| Receivables | $414.3M | $493.2M | $164.9M | $272.8M | $217.7M | $211.3M | $237.9M | $188.8M | $180.8M | $180.0M | $194.7M | $175.7M |
| Inventory | $533.5M | $531.3M | $609.0M | $501.2M | $526.3M | $555.4M | $680.2M | $554.4M | $563.6M | $557.4M | $633.4M | $521.2M |
| Other current assets | $0 | $0 | $0 | $52.8M | $56.5M | $56.4M | $61.1M | $67.2M | $0 | $0 | $69.3M | $20.8M |
| Total current assets | $499.5M | $1.10B | $1.08B | $1.12B | $1.02B | $1.04B | $1.07B | $1.03B | $994.5M | $990.2M | $1.05B | $1.01B |
| Property, plant & equipment (net) | $555.5M | $26.5M | $22.3M | $25.5M | $24.5M | $25.0M | $25.5M | $25.2M | $25.6M | $26.3M | $33.4M | $33.9M |
| Goodwill & intangible assets | $1.53B | $1.14B | $353.8M | $357.8M | $361.8M | $365.8M | $369.8M | $373.8M | $377.8M | $382.1M | $387.7M | $393.4M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $151.6M | $43.9M | $45.7M | $42.7M | $43.6M | $15.2M | $62.7M | $63.0M | $17.4M | $49.4M |
| Total assets | $2.05B | $2.04B | $1.61B | $1.55B | $1.45B | $1.47B | $1.51B | $1.45B | $1.46B | $1.46B | $1.49B | $1.49B |
| Liabilities | ||||||||||||
| Accounts payable | $45.2M | $43.2M | $18.5M | $13.0M | $16.1M | $11.0M | $13.1M | $11.8M | $22.7M | $17.1M | $20.2M | $16.5M |
| Short-term debt | — | — | $0 | $0 | $0 | $0 | $46.8M | $0 | −$29.9M | $32.6M | — | $0 |
| Deferred revenue | — | — | — | $33.3M | $35.5M | $36.2M | $40.9M | $33.2M | $34.7M | $33.5M | $35.7M | $30.6M |
| Total current liabilities | $151.5M | $137.0M | $96.5M | $134.6M | $128.3M | $147.0M | $180.9M | $95.1M | $150.3M | $139.8M | $151.3M | $146.5M |
| Long-term debt | $887.1M | $886.1M | $594.9M | $594.5M | $594.2M | $593.9M | $643.6M | $593.2M | $592.9M | $592.6M | $592.3M | $591.9M |
| Lease obligations | — | — | $7.3M | $8.2M | $9.2M | $10.2M | $11.5M | $12.2M | $13.6M | $15.0M | $15.8M | $17.1M |
| Other long-term liabilities | $204.2M | $245.1M | $172.7M | $113.9M | $63.4M | $110.8M | $39.0M | $127.2M | $135.6M | $144.1M | $156.4M | $152.5M |
| Total liabilities | $1.24B | $1.27B | $864.0M | $843.0M | $785.9M | $815.5M | $863.5M | $815.5M | $878.9M | $876.6M | $899.9M | $891.0M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $41.0M | $41.0M | $41.0M | $41.0M | $41.0M | $41.0M | $41.0M | $41.0M | $41.0M | $41.0M | $41.0M | $41.0M |
| Retained earnings (deficit) | $1.66B | $1.62B | $1.59B | $1.56B | $1.53B | $1.50B | $1.47B | $1.42B | $1.34B | $1.31B | $1.29B | $1.27B |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | — | — | — | $0 |
| Total shareholders' equity | $805.3M | $774.4M | $746.4M | $703.6M | $668.7M | $654.4M | $650.3M | $630.8M | $581.9M | $585.1M | $591.3M | $598.1M |
| Key figures | ||||||||||||
| Total debt | $887.1M | $936.1M | $609.4M | $602.7M | $603.4M | $604.1M | $655.1M | $605.5M | $606.5M | $607.5M | $608.1M | $609.1M |
| Net cash (debt) | −$801.9M | −$856.6M | −$300.6M | −$310.1M | −$381.4M | −$390.8M | −$559.4M | −$383.8M | −$356.4M | −$354.7M | −$452.7M | −$314.3M |
| Working capital | $348.0M | $967.0M | $986.2M | $984.7M | $894.2M | $889.4M | $893.9M | $937.0M | $844.2M | $850.4M | $901.5M | $866.0M |
| Tangible book value | −$720.8M | −$362.3M | $392.6M | $345.7M | $306.8M | $288.6M | $280.4M | $257.0M | $204.0M | $203.0M | $203.6M | $204.8M |
| Book value per share | $19.75 | $18.97 | $18.40 | $17.38 | $16.49 | $15.64 | $14.93 | $14.61 | $13.31 | $13.14 | $13.12 | $12.97 |
| Shares outstanding | 40.8M | 40.8M | 40.6M | 40.5M | 40.6M | 41.9M | 43.5M | 43.2M | 43.7M | 44.5M | 45.1M | 46.1M |
| Current ratio | 3.30 | 8.06 | 11.22 | 8.31 | 7.97 | 7.05 | 5.94 | 10.85 | 6.62 | 7.08 | 6.96 | 6.91 |
| Quick ratio | 3.30 | 4.18 | 4.91 | 4.20 | 3.43 | 2.89 | 1.84 | 4.31 | 2.87 | 3.09 | 2.31 | 3.21 |
| Debt / equity | 1.10 | 1.21 | 0.82 | 0.86 | 0.90 | 0.92 | 1.01 | 0.96 | 1.04 | 1.04 | 1.03 | 1.02 |
| Equity / assets | 39.3% | 37.9% | 46.3% | 45.5% | 46.0% | 44.5% | 43.0% | 43.6% | 39.8% | 40.0% | 39.7% | 40.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 18, 2026); data from EODHD.
PRG financial position
At the end of fiscal 2025 (December 31, 2025), PROG had total assets of $1.6 billion (up 6.4% from a year earlier), total liabilities of $864.0 million and shareholders' equity of $746.4 million. It held $308.8 million in cash and short-term investments against $609.4 million of debt, net debt of $300.6 million. Its current ratio was 11.22. In the latest quarter (ended June 30, 2026) total assets were $2.0 billion and equity $805.3 million.
Related: PRG income statement, PRG cash flow statement, PRG key metrics. See the PRG stock overview for the latest quote and news.
PRG balance sheet FAQ
What are PROG's total assets?
PROG reported total assets of $1.6 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.5 billion a year earlier.
How much debt does PROG have?
PROG had $609.4 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.82.
How much cash does PROG have?
PROG held $308.8 million in cash and short-term investments at the end of fiscal 2025; with $609.4 million of debt that is net debt of $300.6 million.
What is PROG's book value?
PROG's shareholders' equity (book value) was $746.4 million at the end of fiscal 2025, or $18.27 per share.
What is PROG's current ratio?
PROG had current assets of $1.1 billion and current liabilities of $96.5 million, a current ratio of 11.22 (it can cover its short-term obligations).
How much goodwill does PROG have?
PROG carried $353.8 million of goodwill and intangible assets, 22.0% of total assets, at the end of fiscal 2025.