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Prog Holdings cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$103M in Q3 2026 · $316M over twelve months

Operating cash flow$108M
Capital spending−$4.8M
Free cash flow+$103M
Cash / net income2.9×

Analysis

In Q3 2026, Prog Holdings generated $108M of operating cash flow and spent $4.8M on capital projects, leaving free cash flow of $103M. That is $3.1M less than in Q3 2025 ($106M).

Over the twelve months to Sep 30, 2026, operating cash flow was $331M; the largest uses were other investing ($341M), other financing ($71.2M), buybacks ($46.9M); besides operations, cash came from shares issued ($1.7M), asset & business sales ($415K); the cash balance fell by $174M.

Operating cash flow was $108M against net income of $37.2M — 2.9× profit, cash ran ahead of reported earnings. The largest differences: receivables −$106M, depreciation & amortization +$10.3M, payables +$8.6M.

Free cash flow

Prog Holdings: free cash flow by quarterProg Holdings: free cash flow by quarter−$86.8MQ4 2024$208MQ1 2025$68.0MQ2 2025$106MQ3 2025−$57.5MQ4 2025$169MQ1 2026$101MQ2 2026$103MQ3 2026
Operating cash flow less capital spending.
Prog Holdings: operating cash flow against capital spendingProg Holdings: operating cash flow against capital spendingOperating cash flowCapital spending−$84.5M$2.3MQ4 2024$210M$2.0MQ1 2025$69.9M$1.9MQ2 2025$110M$3.6MQ3 2025−$54.9M$2.6MQ4 2025$172M$3.1MQ1 2026$106M$5.0MQ2 2026$108M$4.8MQ3 2026
Latest (Q3 2026): Operating cash flow $108M, Capital spending $4.8M.

Capital allocation, year by year

Prog Holdings: where the cash came from (up) and went (down), by fiscal yearProg Holdings: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $246MFY2021: Net borrowing −$50.0MFY2021: Shares issued $4.6MFY2021: Asset sales $78KFY2021: Capital spending −$9.6MFY2021: Acquisitions −$22.8MFY2021: Buybacks −$142M$251MFY2021FY2022: Operating cash flow $242MFY2022: Shares issued $1.1MFY2022: Asset sales $27KFY2022: Capital spending −$9.7MFY2022: Acquisitions $6KFY2022: Buybacks −$224M$244MFY2022FY2023: Operating cash flow $204MFY2023: Shares issued $1.4MFY2023: Asset sales $48KFY2023: Capital spending −$9.6MFY2023: Buybacks −$140M$206MFY2023FY2024: Operating cash flow $139MFY2024: Net borrowing $50.0MFY2024: Shares issued $2.4MFY2024: Asset sales $131KFY2024: Capital spending −$8.3MFY2024: Buybacks −$139MFY2024: Dividends −$20.4M$191MFY2024FY2025: Operating cash flow $335MFY2025: Net borrowing −$50.0MFY2025: Shares issued $1.6MFY2025: Capital spending −$10.0MFY2025: Buybacks −$51.8MFY2025: Dividends −$20.8M$337MFY2025
Over these 5 years operating cash flow totalled $1.2B; the largest uses were buybacks ($696M) and net borrowing ($100M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$109M
Debt$866M
Net debt$757M

Prog Holdings funds itself: free cash flow was $316M over the last twelve months, and $109M of cash and investments stands against $866M of debt.

Where the cash came from and went

Prog Holdings: sources (+) and uses (−) of cash, Q3 2026Prog Holdings: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$108MBuybacks−$36.7MCash drawn (+) / kept (−)−$26.2MNet borrowing (+) / repaid (−)−$21.7MOther investing−$13.4MDividends−$5.5MCapital spending−$4.8MAsset & business sales$181KTaxes on employees’ shares−$109K
Prog Holdings: sources (+) and uses (−) of cash, TTM to Q3 2026Prog Holdings: sources (+) and uses (−) of cash, TTM to Q3 2026Other investing−$341MOperating cash flow$331MCash drawn (+) / kept (−)$174MOther financing−$71.2MBuybacks−$46.9MDividends−$21.9MCapital spending−$15.6MTaxes on employees’ shares−$10.5MShares issued$1.7MAsset & business sales$415K

From profit to cash

Prog Holdings: net income to operating cash flow, Q3 2026Prog Holdings: net income to operating cash flow, Q3 2026Net income$37.2MDepreciation & amortization$10.3MStock-based pay$8.1MReceivables−$106MPayables$8.6MDeferred revenue−$2.4MPrepaid and other assets−$1.3MOther operating capital−$458KOperating cash flow$108M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$108M−$4.8M—−$36.7M−$5.5M−$21.7M—−$26.2M$103M
Q2 2026$106M−$5.0M—−$10.2M−$5.6M−$50.0M$948K−$12.9M$101M
Q1 2026$172M−$3.1M−$392M—−$5.6M—$187K$229M$169M
Q4 2025−$54.9M−$2.6M——−$5.1M—$602K−$16.2M−$57.5M
Q3 2025$110M−$3.6M——−$5.2M——−$70.6M$106M
Q2 2025$69.9M−$1.9M—−$25.7M−$5.2M—$703K−$8.7M$68.0M
Q1 2025$210M−$2.0M—−$26.1M−$5.3M−$50.0M$325K−$118M$208M
Q4 2024−$84.5M−$2.3M—−$40.5M−$5.0M—$1.5M$126M−$86.8M

Prog Holdings: income statement and cash flow

Prog Holdings, Q3 2026: revenue $726M (+26% year over year), operating margin 9.1%. The chart follows the revenue to costs, profit and cash.

Prog Holdings: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.