PROG Holdings, Inc.

PROG Holdings, Inc. is a financial technology holding company that offers various payment solutions to consumers. The company operates through two main segments: Progressive Leasing and Four Technologies, Inc. (Four). Progressive Leasing, which accounted for approximately 96% of consolidated revenues for the year ended December 31, 2025, provides lease-to-own solutions for merchandise such as furniture, appliances, electronics, mobile phones and accessories, jewelry, mattresses, and automobile electronics and accessories. These solutions are offered to consumers through in-store, app-based, and e-commerce point-of-sale partners. Progressive Leasing uses a proprietary technology platform to provide quick lease decisions at the point-of-sale, offering transparent payment options and flexible terms, including low initial payments and early buyout options. The Four segment offers Buy Now, Pay Later (BNPL) payment options through a modern, cloud-native mobile app, allowing consumers to pay for purchases over time through short-term, interest-free installment plans. PROG Holdings also owns MoneyApp, a mobile application that provides customers with interest-free cash advances. The company's services primarily target customers in the near-prime or subprime FICO score categories who may have difficulty purchasing durable goods and seek alternatives to traditional financing. The company has expanded its financial technologies ecosystem through the recent acquisition of Purchasing Power.