Filing Flows › Prog Holdings (PRG) › Q2 2026
Prog Holdings (PRG) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
Prog Holdings (PRG) reported revenue of $720M for the second quarter 2026 (Q2 2026), +22% from a year earlier and -3% from the quarter before. Operating margin was 9.1%, net earnings $37.0M (5.1% of revenue).
Prog Holdings, Q2 2026: revenue $720M (+22% year over year), operating margin 9.1%, net earnings $37.0M, operating cash flow $106M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $720M | -3% | +22% |
| Operating profit | $65.6M | +0.5% | +11% |
| Net earnings | $37.0M | +3% | -4% |
| Operating cash flow | $106M | -38% | +52% |
| Free cash flow | $101M | -40% | +49% |
What changed
Revenue was $719.7M in Q2 2026, up 22% year over year and down 3% from the previous quarter. Lease revenues and fees was the largest line at 76% of revenue. Other revenue added $22.5M year over year (up 120%), 17% of the total change. Lease revenues and fees declined 3%.
Operating profit was $65.6M, a 9.1% margin (down 1.0 points year over year). Of the extra revenue versus Q2 2025, 5% reached operating profit, below the 10% margin then. Total costs grew 24% against revenue growth of 22%. The fastest-growing cost line was SG&A (+46%). Net earnings were $37.0M, down 4% year over year. The effective tax rate was 26.6%.
Operating cash flow was $106.2M (up 52% year over year), 287% of net earnings. Non-cash charges added back $11.1M of depreciation and amortization and $9.2M of share-based compensation. Working capital and other items added $49.0M. Capital expenditures of $5.0M left free cash flow of $101.2M.
Questions
What was Prog Holdings' revenue in the second quarter 2026?
Prog Holdings (PRG) reported revenue of $720M for the second quarter 2026 (Q2 2026), +22% from a year earlier and -3% from the quarter before.
Was Prog Holdings profitable in the second quarter 2026?
Operating profit was $65.6M (9.1% of revenue) and net earnings $37.0M.
Source: Prog Holdings 10-Q on SEC EDGAR.