PROG Holdings Inc 2026年季度报告

SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C.20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED June30, 2026OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROMTOCOMMISSION FILE NUMBER 1-39628 PROG HOLDINGS, INC. (Exact name of registrant as specified in its charter)_________________________________ (Address of principal executive offices) (385) 351-1369(Registrant’s telephone number, including area code) Securities registered pursuant to Section12(b) of the Act: Title of each classTrading SymbolName of each exchange on which registeredCommon Stock, $0.50 Par ValuePRGNew York Stock Exchange Not Applicable(Former name, former address and former fiscal year, if changed since last report)___________________________________ Indicate by check mark whether registrant (l)has filed all reports required to be filed by Section13 or 15 (d)of the SecuritiesExchange Act of l934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2)has been subject to such filing requirements for the past 90 days.Yes☒No☐Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during thepreceding 12 months (or for such shorter period that the registrant was required to submit and post such files).Yes☒No☐Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definition of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 ofthe Exchange Act. (Check one): Large Accelerated Filer☒AcceleratedFiler☐(Do not check if a smaller reporting company)SmallerReportingCompanyEmerging Growth Company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. PROG HOLDINGS, INC.INDEX PART I. FINANCIAL INFORMATION Item 1. Financial Statements3Condensed Consolidated Balance Sheets – June 30, 2026 (Unaudited) and December 31, 20253Condensed Consolidated Statements of Earnings (Unaudited) – Three and Six Months Ended June 30, 2026 and 20254Condensed Consolidated Statements of Cash Flows (Unaudited) – Six Months Ended June 30, 2026 and 20255Notes to Condensed Consolidated Financial Statements (Unaudited)6Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations38Item 3. Quantitative and Qualitative Disclosures About Market Risk56Item 4. Controls and Procedures57PART II. OTHER INFORMATIONItem 1. Legal Proceedings58Item 1A. Risk Factors58Item 2. Unregistered Sales of Equity Securities and Use of Proceeds58Item 3. Defaults Upon Senior Securities58Item 4. Mine Safety Disclosures58Item 5. Other Information58Item 6. Exhibits59Signatures60 PROG HOLDINGS, INC.CONDENSED CONSOLIDATED BALANCE SHEETS PROG HOLDINGS, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) NOTE 1. BASIS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Description of Business PROG Holdings, Inc. ("we," "our," "us," the "Company," or "PROG Holdings") is a financial technology holding company thatprovides transparent and competitive payment options to consumers. On January 2, 2026, the Company acquired 100% of the equityinterests of P-Squared, LLC and its subsidiaries ("Purchasing Power"). The results of Purchasing Power are included in the Company'scondensed consolidated financial statements beginning on the acquisition date. As of June30, 2026, PROG Holdings has three reportable segments: (i) Progressive Leasing, an in-store, app-based, and e-commercepoint-of-sale lease-to-own solutions provider; (ii) Purchasing Power, a voluntary employee benefit program provider, allowingemployees to purchase brand-name products and services through either automatic payroll deductions or allotments and (iii) FourTechnologies, Inc. ("Four"), a modern cloud-native mobile app which offers Buy Now, Pay Later ("BNPL") payment options toconsumers through the Four platform. Our Progressive Leasing segment provides consumers with lease-purchase solutions through its point-of-sale partner locations and e-commerce website partners inthe United States and Puerto Rico (collectively, "POS partners"), as well as through its direct-to-consumer app, PROG M