PROG Holdings discussed Q2 2026 results on a July 29 earnings call attended by CEO Steven Michaels, CFO Brian Garner, and IR VP John Baugh.
Adjusted EBITDA from continuing operations reached $88.4 million; non-GAAP EPS was $1.19; revenue was about $720 million.
Management raised 2026 outlook to revenue of $3.025 billion-$3.1 billion; adjusted EBITDA of $355 million-$375 million; and non-GAAP EPS of $4.75-$5.
Progressive Leasing GMV rose 3.4% to $428.1 million; lease merchandise write-offs were 8.4% of segment revenue; full-year write-offs were targeted at 6%-8%, near the high end.
Four GMV rose 111% to $315 million; revenue was $35.1 million; adjusted EBITDA was $8.7 million; and take rate held near 10%.
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