PROG Holdings, Inc. (PRG) Income Statement
PRG 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsPRG revenue and net income
Where PRG's revenue goes
2025Each bar shows an amount and its share of revenue. PRG kept 6.1% of revenue as net income.
PRG profit margins
PRG growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −2.2% | −2.5% | −0.6% | −2.7% |
| Gross profit | −67.7% | −1.8% | +0.0% | −11.9% |
| Operating income | +22.3% | +8.7% | −2.6% | +0.1% |
| Net income | −25.6% | +14.1% | — | +0.8% |
| EPS (diluted) | +4.7% | +10.9% | −5.7% | +5.2% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PRG quarterly EPS vs estimates
PROG beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 28, 2026 (estimate $1.06).
PRG income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.41B | $2.46B | $2.41B | $2.60B | $2.68B | $2.48B | $2.16B | $3.83B | $3.38B | $3.21B |
| Cost of revenue | $1.61B | $1.65B | $1.58B | $1.76B | $1.82B | $1.69B | $1.45B | $194.0M | $258.9M | $295.2M |
| Gross profit | $794.5M | $2.46B | $832.0M | $840.1M | $857.9M | $793.7M | $718.2M | $3.63B | $3.12B | $2.91B |
| Research & development | — | $6.8M | $5.4M | $5.5M | $4.9M | $3.4M | $2.9M | $600,000 | $11.5M | $9.2M |
| Sales, general & admin | $442.9M | $324.4M | $438.6M | $441.4M | $396.8M | $373.4M | $11.2M | $1.66B | $1.25B | $860.6M |
| Total operating expenses | $556.2M | $2.27B | $606.3M | $654.5M | $524.4M | $521.9M | $690.5M | $3.35B | $2.85B | $2.66B |
| Operating income | $238.3M | $194.9M | $225.6M | $185.6M | $333.5M | $271.8M | $27.6M | $289.6M | $254.7M | $242.7M |
| Interest income | $32.3M | $7.5M | $9.3M | $37.4M | $5.3M | $187,000 | $15.2M | $16.0M | $18.7M | $20.7M |
| Interest expense | $39.3M | $38.8M | $29.4M | $37.4M | $16.9M | $187,000 | $17.0M | $16.4M | $20.5M | $23.4M |
| Income before taxes | $174.5M | $163.6M | $196.2M | $148.2M | $328.2M | $271.6M | $27.6M | $252.2M | $239.6M | $218.4M |
| Income taxes | $50.2M | −$33.6M | $57.4M | $49.5M | $84.6M | $37.9M | $52.2M | $56.0M | −$53.0M | $79.1M |
| Net income | $146.8M | $197.2M | $138.8M | $98.7M | $243.6M | −$61.5M | $31.5M | $196.2M | $292.5M | $139.3M |
| EBITDA | $637.0M | $1.85B | $1.83B | $1.98B | $489.5M | $510.7M | $458.3M | $373.7M | $496.7M | $463.7M |
| EPS (diluted) | $3.56 | $3.40 | $3.65 | $2.61 | $3.92 | $4.78 | $3.89 | $3.36 | $2.56 | $2.30 |
| Gross margin | 33.0% | 100.0% | 34.5% | 32.3% | 32.0% | 31.9% | 33.2% | 94.9% | 92.3% | 90.8% |
| Operating margin | 9.9% | 7.9% | 9.4% | 7.1% | 12.5% | 10.9% | 1.3% | 7.6% | 7.5% | 7.6% |
| Net margin | 6.1% | 8.0% | 5.8% | 3.8% | 9.1% | −2.5% | 1.5% | 5.1% | 8.6% | 4.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $611.3M | $742.7M | $574.6M | $595.1M | $604.7M | $684.1M | $623.3M | $606.1M | $592.2M | $641.9M | $577.4M | $582.9M |
| Cost of revenue | $347.5M | $485.7M | $372.4M | $378.5M | $385.1M | $460.4M | $403.7M | $401.1M | $384.8M | $439.6M | $374.1M | $381.8M |
| Gross profit | $263.8M | $257.0M | $202.2M | $216.6M | $219.6M | $223.6M | $219.7M | $205.1M | $207.4M | $202.3M | $203.3M | $201.0M |
| Research & development | — | — | — | — | — | — | — | — | — | — | $5.4M | — |
| Sales, general & admin | $143.4M | — | $135.1M | $122.0M | $116.2M | $119.3M | $120.7M | $111.1M | $105.0M | $87.3M | $116.1M | $108.9M |
| Total operating expenses | $189.9M | $200.0M | $155.6M | $163.1M | $158.8M | $167.3M | $169.5M | $155.8M | $151.7M | $133.6M | $167.9M | $146.1M |
| Operating income | $73.9M | $57.0M | $46.6M | $53.5M | $60.7M | $56.3M | $50.2M | $49.2M | $55.7M | $68.7M | $35.4M | $54.9M |
| Interest income | $394,000 | $643,000 | $7.1M | $1.9M | $1.6M | $874,000 | $8.3M | $2.3M | $2.3M | $1.4M | — | $6.8M |
| Interest expense | $15.2M | $17.1M | $7.1M | $7.9M | $12.6M | $12.9M | $15.8M | $7.4M | $9.7M | $12.9M | $12.6M | $12.6M |
| Income before taxes | $50.8M | $47.6M | $31.4M | $45.6M | $52.6M | $47.2M | $41.9M | $41.8M | $48.3M | $31.6M | $28.5M | $48.1M |
| Income taxes | $13.4M | $11.3M | $11.5M | $12.5M | $14.1M | $12.5M | −$15.7M | −$42.1M | $14.6M | $9.6M | $9.9M | $13.1M |
| Net income | $37.0M | $36.1M | $40.5M | $33.1M | $38.5M | $34.7M | $57.5M | $84.0M | $33.8M | $22.0M | $18.6M | $35.0M |
| EBITDA | $449.3M | $487.8M | $410.9M | $440.1M | $453.5M | $523.8M | $50.2M | $459.2M | $449.3M | $484.1M | $90.0M | $447.6M |
| EPS (diluted) | $1.19 | $1.24 | $0.74 | $0.90 | $1.02 | $0.90 | $0.80 | $0.77 | $0.92 | $0.91 | $0.72 | $0.90 |
| Gross margin | 43.2% | 34.6% | 35.2% | 36.4% | 36.3% | 32.7% | 35.2% | 33.8% | 35.0% | 31.5% | 35.2% | 34.5% |
| Operating margin | 12.1% | 7.7% | 8.1% | 9.0% | 10.0% | 8.2% | 8.0% | 8.1% | 9.4% | 10.7% | 6.1% | 9.4% |
| Net margin | 6.1% | 4.9% | 7.0% | 5.6% | 6.4% | 5.1% | 9.2% | 13.9% | 5.7% | 3.4% | 3.2% | 6.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PRG's financial statements (latest annual report filed February 18, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PRG financial results
In fiscal year 2025 (ended December 31, 2025), PROG reported revenue of $2.4 billion, down 2.2% from the year before. It had net income of $146.8 million (down 25.6%), a net profit margin of 6.1%. Diluted earnings per share came to $3.56. Over five years revenue grew at an average rate of −0.6% a year.
See the PRG stock overview for the latest quote and news, or the PRG chart for price history and technical indicators.
PRG income statement FAQ
What is PROG's annual revenue?
PROG reported total revenue of $2.4 billion for fiscal year 2025, which ended on December 31, 2025. That was down 2.2% from $2.5 billion the previous year.
Is PROG profitable?
Yes. PROG reported net income of $146.8 million in fiscal 2025, a net profit margin of 6.1%; its operating margin was 9.9%.
What is PROG's gross margin?
PROG's gross margin was 33.0% in fiscal 2025: for every $100 of revenue, PROG kept $33 after the direct cost of its products and services.
How fast is PROG growing?
Revenue grew −0.6% a year on average over the last five fiscal years, from $2.5 billion to $2.4 billion.
What are PROG's earnings per share?
PROG earned $3.56 per diluted share in fiscal 2025, compared with $3.40 a year earlier.
When will PROG report its next earnings?
PROG is expected to report results for the quarter ending September 30, 2026 on October 28, 2026 before the market opens.
When does PROG's fiscal year end?
PROG's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 18, 2026.