PROG Holdings, Inc.

PROG Holdings, Inc. is a financial technology holding company providing alternative payment and consumer financing solutions. Its primary operating segment, Progressive Leasing, provides point-of-sale lease-to-own solutions for durable consumer goods, including furniture, appliances, electronics, jewelry, and mobile devices. Progressive Leasing operates through a proprietary decisioning platform that integrates with merchant systems, enabling consumers—particularly those in near-prime or subprime credit categories—to acquire merchandise via flexible lease-purchase agreements. Its Four segment operates a direct-to-consumer mobile application offering short-term, interest-free buy now, pay later installment plans across diverse product categories. In addition, the company provides interest-free cash advances through its MoneyApp mobile application and offers employer-sponsored voluntary benefit purchasing programs through Purchasing Power.

The company delivers its point-of-sale lease-to-own solutions through approximately 24,000 third-party partner retail locations and e-commerce websites across 45 U.S. states, the District of Columbia, and Puerto Rico. Progressive Leasing maintains no retail stores of its own, but utilizes a merchandise return warehouse in Draper, Utah. The company does not state its headquarters location in the text.

Summary of the business section of PROG's latest annual report, written by StockData.

“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.