Filing Flows › Prog Holdings (PRG) › Q2 2025
Prog Holdings (PRG) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 23, 2025
Prog Holdings (PRG) reported revenue of $589M for the second quarter 2025 (Q2 2025), -0.6% from a year earlier and -12% from the quarter before. Operating margin was 10.1%, net earnings $38.5M (6.5% of revenue).
Prog Holdings, Q2 2025: revenue $589M (-0.6% year over year), operating margin 10.1%, net earnings $38.5M, operating cash flow $69.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $589M | -12% | -0.6% |
| Operating profit | $59.3M | +5% | +7% |
| Net earnings | $38.5M | +11% | +14% |
| Operating cash flow | $69.9M | -67% | +26% |
| Free cash flow | $68.0M | -67% | +27% |
What changed
Revenue was $588.5M in Q2 2025, down 1% year over year and down 12% from the previous quarter.
Operating profit was $59.3M, a 10.1% margin (up 0.7 points year over year). Total costs fell 1% while revenue fell 1%. Net earnings were $38.5M, up 14% year over year. The effective tax rate was 26.1%.
Operating cash flow was $69.9M (up 26% year over year), 182% of net earnings. Non-cash charges added back $5.8M of depreciation and amortization and $6.6M of share-based compensation. Working capital and other items added $18.9M. Capital expenditures of $1.9M left free cash flow of $68.0M.
Questions
What was Prog Holdings' revenue in the second quarter 2025?
Prog Holdings (PRG) reported revenue of $589M for the second quarter 2025 (Q2 2025), -0.6% from a year earlier and -12% from the quarter before.
Was Prog Holdings profitable in the second quarter 2025?
Operating profit was $59.3M (10.1% of revenue) and net earnings $38.5M.
Source: Prog Holdings 10-Q on SEC EDGAR.