Filing Flows › Prog Holdings (PRG) › Q1 2026
Prog Holdings (PRG) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
Prog Holdings (PRG) reported revenue of $743M for the first quarter 2026 (Q1 2026), +11% from a year earlier and +29% from the quarter before. Operating margin was 8.8%, net earnings $36.1M (4.9% of revenue).
Prog Holdings, Q1 2026: revenue $743M (+11% year over year), operating margin 8.8%, net earnings $36.1M, operating cash flow $172M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $743M | +29% | +11% |
| Operating profit | $65.3M | +70% | +16% |
| Net earnings | $36.1M | -11% | +4% |
| Operating cash flow | $172M | — | -18% |
| Free cash flow | $169M | — | -19% |
What changed
Revenue was $742.7M in Q1 2026, up 11% year over year and up 29% from the previous quarter. Lease revenues and fees was the largest line at 80% of revenue. Other revenue added $22.5M year over year (up 134%), 30% of the total change. Lease revenues and fees declined 8%.
Operating profit was $65.3M, a 8.8% margin (up 0.4 points year over year). Of the extra revenue versus Q1 2025, 12% reached operating profit, above the 8% margin then. Total costs grew 11% against revenue growth of 11%. The fastest-growing cost line was SG&A (+43%). Net earnings were $36.1M, up 4% year over year. The effective tax rate was 23.9%.
Operating cash flow was $171.7M (down 18% year over year), 476% of net earnings. Non-cash charges added back $14.2M of depreciation and amortization and $7.6M of share-based compensation. Working capital and other items added $113.9M. Capital expenditures of $3.1M left free cash flow of $168.6M.
Questions
What was Prog Holdings' revenue in the first quarter 2026?
Prog Holdings (PRG) reported revenue of $743M for the first quarter 2026 (Q1 2026), +11% from a year earlier and +29% from the quarter before.
Was Prog Holdings profitable in the first quarter 2026?
Operating profit was $65.3M (8.8% of revenue) and net earnings $36.1M.
Source: Prog Holdings 10-Q on SEC EDGAR.