Filing Flows › Prog Holdings (PRG) › Q1 2025
Prog Holdings (PRG) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 23, 2025
Prog Holdings (PRG) reported revenue of $668M for the first quarter 2025 (Q1 2025), +4% from a year earlier and +20% from the quarter before. Operating margin was 8.4%, net earnings $34.7M (5.2% of revenue).
Prog Holdings, Q1 2025: revenue $668M (+4% year over year), operating margin 8.4%, net earnings $34.7M, operating cash flow $210M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $668M | +20% | +4% |
| Operating profit | $56.3M | +13% | +42% |
| Net earnings | $34.7M | -40% | +58% |
| Operating cash flow | $210M | — | +55% |
| Free cash flow | $208M | — | +56% |
What changed
Revenue was $668.4M in Q1 2025, up 4% year over year and up 20% from the previous quarter.
Operating profit was $56.3M, a 8.4% margin (up 2.2 points year over year). Of the extra revenue versus a year earlier, 62% reached operating profit, above the 6% margin then. Total costs grew 2% against revenue growth of 4%. Net earnings were $34.7M, up 58% year over year. The effective tax rate was 26.7%.
Operating cash flow was $209.9M (up 55% year over year), 605% of net earnings. Non-cash charges added back $6.0M of depreciation and amortization and $7.9M of share-based compensation. Working capital and other items added $161.3M. Capital expenditures of $2.0M left free cash flow of $208.0M.
Questions
What was Prog Holdings' revenue in the first quarter 2025?
Prog Holdings (PRG) reported revenue of $668M for the first quarter 2025 (Q1 2025), +4% from a year earlier and +20% from the quarter before.
Was Prog Holdings profitable in the first quarter 2025?
Operating profit was $56.3M (8.4% of revenue) and net earnings $34.7M.
Source: Prog Holdings 10-Q on SEC EDGAR.