
• Reported GAAP EPS of $0.91 up 7.06% YoY • Reported revenue of $742.67M up 8.56% YoY • PROG Holdings increased its full-year 2026 outlook, expecting consolidated GMV to grow 20% to 25%, revenue 5% to 8%, Adjusted EBITDA 13% to 16%, and non-GAAP EPS 17% to 20%.
Bullish
PROG Holdings reported strong Q1 results with double-digit growth in revenues and Adjusted EBITDA, driven by significant GMV increases in Four and Purchasing Power, alongside improved balance sheet leverage.
Bearish
Progressive Leasing's GMV and revenues declined, while PROG Holdings faces macroeconomic volatility risks impacting algorithms, and revenue concentration with key retail partners poses a significant threat.