Filing Flows › Prog Holdings (PRG) › Q4 2025
Prog Holdings (PRG) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 18, 2026
Prog Holdings (PRG) reported revenue of $575M for the fourth quarter 2025 (Q4 2025), +3% from a year earlier and -0.5% from the quarter before. Operating margin was 6.7%, net earnings $40.5M (7.0% of revenue).
Prog Holdings, Q4 2025: revenue $575M (+3% year over year), operating margin 6.7%, net earnings $40.5M, operating cash flow −$54.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $575M | -0.5% | +3% |
| Operating profit | $38.5M | -27% | -23% |
| Net earnings | $40.5M | +22% | -30% |
| Operating cash flow | −$54.9M | -150% | — |
What changed
Revenue was $574.6M in Q4 2025, up 3% year over year and down 1% from the previous quarter.
Operating profit was $38.5M, a 6.7% margin (down 2.2 points year over year). Operating profit fell $11.5M even though revenue rose $15.7M versus a year earlier, so costs grew faster than sales. Total costs grew 5% against revenue growth of 3%. The fastest-growing cost line was SG&A (+26%). Net earnings were $40.5M, down 30% year over year. The effective tax rate was 22.1%. Non-operating items added $13.4M, 26% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$54.9M. Non-cash charges added back $6.2M of depreciation and amortization and $7.2M of share-based compensation. Working capital and other items used $108.7M. Capital expenditures of $2.6M exceeded it, leaving free cash flow of −$57.5M.
Questions
What was Prog Holdings' revenue in the fourth quarter 2025?
Prog Holdings (PRG) reported revenue of $575M for the fourth quarter 2025 (Q4 2025), +3% from a year earlier and -0.5% from the quarter before.
Was Prog Holdings profitable in the fourth quarter 2025?
Operating profit was $38.5M (6.7% of revenue) and net earnings $40.5M.
Source: Prog Holdings 10-K on SEC EDGAR.