PROG (NYSE:PRG) Reports Sales Below Analyst Estimates In Q4 CY2025 Earnings

PROG (NYSE:PRG) Reports Sales Below Analyst Estimates In Q4 CY2025 Earnings

Anthony Lee

Wed, February 18, 2026 at 9:47 PM GMT+9 3 min read

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Financial technology company PROG Holdings (NYSE:PRG) fell short of the market’s revenue expectations in Q4 CY2025, with sales falling 7.8% year on year to $574.6 million. On the other hand, the company’s full-year revenue guidance of $3.08 billion at the midpoint came in 8% above analysts’ estimates. Its non-GAAP profit of $0.90 per share was 48.8% above analysts’ consensus estimates.

Is now the time to buy PROG? Find out in our full research report.

PROG (PRG) Q4 CY2025 Highlights:

**Revenue:** $574.6 million vs analyst estimates of $584.3 million (7.8% year-on-year decline, 1.7% miss)

**Pre-tax Profit:** $31.41 million (5.5% margin)

**Adjusted EPS:** $0.90 vs analyst estimates of $0.61 (48.8% beat)

**Adjusted EPS guidance for the upcoming financial year 2026** is $4.23 at the midpoint, beating analyst estimates by 17.5%

**Market Capitalization:** $1.34 billion

“Q4 and full-year 2025 were periods of disciplined execution that demonstrated the strength and resilience of PROG’s multi-product platform,” said PROG Holdings President and CEO Steve Michaels.

Company Overview

Evolving from its origins as Aaron’s, Inc. before rebranding in 2020, PROG Holdings (NYSE:PRG) provides alternative payment solutions including lease-to-own options and second-look credit products for consumers who may not qualify for traditional financing.

Revenue Growth

Examining a company’s long-term performance can provide clues about its quality. Any business can put up a good quarter or two, but many enduring ones grow for years. Unfortunately, PROG struggled to consistently increase demand as its $2.46 billion of revenue for the trailing 12 months was close to its revenue five years ago. This wasn’t a great result and suggests it’s a low quality business.

PROG Quarterly Revenue

We at StockStory place the most emphasis on long-term growth, but within financials, a half-decade historical view may miss recent interest rate changes, market returns, and industry trends. PROG’s annualized revenue growth of 1% over the last two years is above its five-year trend, which is encouraging.

PROG Year-On-Year Revenue Growth

Note: Quarters not shown were determined to be outliers, impacted by outsized investment gains/losses that are not indicative of the recurring fundamentals of the business.

This quarter, PROG missed Wall Street’s estimates and reported a rather uninspiring 7.8% year-on-year revenue decline, generating $574.6 million of revenue.

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Key Takeaways from PROG’s Q4 Results

It was good to see PROG beat analysts’ EPS expectations this quarter. We were also glad its full-year EPS guidance trumped Wall Street’s estimates. On the other hand, its revenue missed. Zooming out, we think this was a solid print. The stock traded up 3.9% to $35.20 immediately following the results.

Indeed, PROG had a rock-solid quarterly earnings result, but is this stock a good investment here? We think that the latest quarter is just one piece of the longer-term business quality puzzle. Quality, when combined with valuation, can help determine if the stock is a buy. We cover that in our actionable full research report which you can read here, it’s free.

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