PROG (PRG)
Runs lease-to-own, payroll-purchase, and BNPL payments for underserved consumers.
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Runs Progressive Leasing, Purchasing Power, and Four, with MoneyApp as a smaller app outside reportable segments. The business is concentrated in the U.S. and depends on retail partners, employer clients, underwriting, and working-capital funding.
Runs Progressive Leasing, Purchasing Power, and Four, with MoneyApp reported inside Other rather than as a reportable segment. Progressive Leasing provides in-store, app-based, and e-commerce lease-to-own options for durable goods bought through retail partners, while Purchasing Power lets employees buy products through payroll deductions and Four offers interest-free installment payments.
The footprint is concentrated in the United States, including partner locations, e-commerce sites, employer relationships, and digital channels. Its operating edge is software-led point-of-sale decisioning and partner integration across retailers, employers, and shoppers who may not fit traditional credit offers.
The model depends on retailer and employer-client relationships, credit and lease underwriting, liquidity to purchase merchandise or originate receivables, and consumer-finance rules around alternative payment products.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 30, 2026 | KeyBanc | Reiterate | Rating: —Target: $55 | Target: $50 |
| Jul 8, 2026 | Jefferies | Upgrade | Target: $35 | Target: $60 |
| Jul 1, 2026 | Loop Capital Markets | Downgrade | Target: $55 | Target: $48 |
| Jul 1, 2026 | Loop Capital | Downgrade | ||
| Apr 30, 2026 | Raymond James | Target | Target: $48 | Target: $45 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $85.2M · Total debt $887.1M · Total assets $2.05B · Shareholders' equity $805.3M
- Revenue
- $611.3M
- Operating income
- $73.9M
- Net income
- $37.0M
HistoryDividendAnnual yield
| Institutions | 108.05% | 43.04M shares | |
|---|---|---|---|
| 300 holders · as of Jun 30, 2026 | |||
| Insiders | 3.87% | 1.54M shares | |
| 14 holders · as of Aug 6, 2026 | |||
| Adds to | 111.92% | ||
39.83M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 111.92%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 17.18% | 6.84M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 6.30% | 2.51M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.33% | 1.73M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.28% | 1.70M | as of Jun 30, 2026 |
Allianz Asset Management GmbHInstitution | 4.03% | 1.60M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 5, 2026 | Michael Todd King | officer: Chief Legal and Compliance Off | −1,070 | $46.00 |
| Aug 4, 2026 | Michael Todd King | officer: Chief Legal and Compliance Off | −930 | $46.00 |
| Aug 5, 2026 | George M. Sewell | officer: CAO, SVP Fin Rep | −2,000 | $45.53 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| PROG | $34.89 | +0.07% | $1.39B | 9.7 | 7.0 | 0.6 | +19.0% |
| Upbound Group | $17.14 | +1.49% | $984.6M | 11.0 | 3.9 | 0.2 | +0.5% |
| Katapult | $8.21 | −6.92% | $42.0M | 5.9 | — | 0.1 | +4.0% |
| Affirm | $71.67 | +0.87% | $23.79B | 12.9 | 37.5 | 5.7 | +33.0% |
| Synchrony Financial | $74.12 | −1.17% | $24.40B | 7.7 | 7.8 | 1.3 | −21.1% |
| Paychex | $113.63 | −1.20% | $40.91B | 23.6 | 19.1 | 6.3 | +12.5% |
| Block | $77.37 | −0.69% | $46.37B | 139.1 | 16.9 | 1.9 | +9.3% |
| PayPal | $52.23 | −0.75% | $45.01B | 9.9 | 9.4 | 1.3 | +4.8% |
| Klarna | $13.49 | −1.39% | $5.16B | — | 103.1 | 1.3 | +26.6% |
| Median | 11.0 | 16.9 | 1.3 | +7.0% |