SALT LAKE CITY--(BUSINESS WIRE)--PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Purchasing Power, Four Technologies, and Build, is scheduled to release financial results for the fourth quarter of 2025 on Wednesday, February 18, 2026 prior to the market open. The Company has also scheduled a live webcast for February 18, 2026 at 8:30 A.M. ET to discuss its financial results for the fourth quarter of 2025. The webcast can be accessed via the below link, or through the Ev ...

Core Viewpoint - PROG's stock has declined over 20% in the past year primarily due to the bankruptcy of retail partners and a decrease in Gross Merchandise Value (GMV) [1] Group 1: Financial Performance - Despite the stock decline, the business continues to generate significant cash flow [1] - The company is focusing on building its competitive advantage in the market [1] Group 2: Investment Perspective - The market is perceived to be overly concerned with short-term challenges, leading to mispricing of fundamentally strong companies [1] - There is an emphasis on identifying short-term mispricings to unlock long-term value [1]

Core Insights - PROG Holdings, Inc. has completed the acquisition of Purchasing Power for $420 million in cash, enhancing its fintech offerings and expanding its reach in the employer-based channel [1][3] Company Overview - PROG Holdings, Inc. is a fintech holding company that provides transparent payment options and inclusive financial products, owning brands like Progressive Leasing, Four Technologies, and Build [4] - Purchasing Power is a voluntary benefit company that offers financial wellness solutions, enabling employees to purchase products through payroll deductions [5] Acquisition Details - The acquisition of Purchasing Power allows PROG Holdings to access over 7 million employees through partnerships with more than 360 employers, enhancing its customer engagement and financial access initiatives [2][3] - The transaction was funded through a combination of cash on hand and debt financing, indicating a strategic investment in expanding the company's service offerings [3] Strategic Goals - The combined organization aims to leverage shared technology and operational capabilities to strengthen client relationships and support long-term growth [3] - The acquisition aligns with PROG Holdings' commitment to improving financial access and inclusion for its customers [2]

Core Viewpoint - PROG Holdings, Inc. (PRG) is undergoing a promising shift in focus towards a Master of Science in Finance, indicating a strategic pivot that may enhance its long-term growth potential [1]. Group 1: Company Performance - It has been over two years since the last coverage of PROG Holdings, suggesting a need for updated analysis on its performance metrics and market positioning [1]. Group 2: Investment Strategy - The investment approach emphasizes a long-term horizon, typically between 5 to 10 years, focusing on a balanced portfolio that includes growth, value, and dividend-paying stocks, with a particular inclination towards value investments [1].

Core Viewpoint - Precipitate Gold Corp. is initiating a non-brokered private placement to raise up to $6,500,000 through the issuance of 59,090,909 units at a price of $0.11 per unit, with significant participation from Dominican institutional investors [1][2][3]. Group 1: Offering Details - The private placement will consist of units, each comprising one common share and one-half of a common share purchase warrant, with the warrants exercisable at $0.17 per share for 18 months [4]. - The offering is subject to approval from the TSX Venture Exchange and may close in multiple tranches [6]. Group 2: Strategic Importance - The involvement of prominent Dominican investors, including Guess Investments Ltd., is expected to provide strategic value due to their expertise and understanding of the local regulatory and operational environment [2][4]. - The investors' commitment to an extended hold period beyond regulatory requirements indicates a long-term alignment with the company's management and existing shareholders [4]. Group 3: Use of Proceeds - Proceeds from the offering will be allocated to ongoing exploration and project development activities, particularly at the Juan de Herrera project, as well as for general working capital [5]. Group 4: Board of Directors - Upon closing of the offering, a new director will be appointed to the Board of Directors, nominated by Guess Investments Ltd. [7]. - If all warrants are exercised, Guess Investments Ltd. will have the right to nominate an additional board member, subject to existing board approval [8]. Group 5: Company Overview - Precipitate Gold Corp. focuses on mineral exploration in the Dominican Republic, with key projects including the Juan de Herrera project, Pueblo Grande project, and Ponton project [9].

Core Insights - PROG Holdings, Inc. will host an Investor Day in New York City on March 10, 2026, starting at 8:30 AM ET [1] - The event will feature presentations from the President and CEO, CFO, and senior leadership team, focusing on the company's strategic vision, growth drivers, capital allocation, and long-term financial goals [2] - A live webcast of the event will be available, along with archived materials for those unable to attend [4] Company Overview - PROG Holdings, Inc. is a fintech holding company based in Salt Lake City, UT, offering inclusive consumer financial products, including flexible payment options [5] - The company owns Progressive Leasing, which provides lease-to-own solutions, Four Technologies, which offers Buy Now, Pay Later options, and Build, which focuses on personal credit building products [5]

Core Viewpoint - The company has announced a definitive agreement to acquire Purchasing Power, indicating a strategic move to enhance its market position and service offerings [1]. Group 1: Acquisition Details - The acquisition of Purchasing Power is expected to provide additional value to PROG Holdings, enhancing its capabilities in the market [2]. - The announcement was made during a conference call, emphasizing the importance of the acquisition for the company's future growth [1]. Group 2: Leadership Statements - Steve Michaels, the President and CEO of PROG Holdings, is set to provide further details regarding the acquisition, highlighting the leadership's commitment to transparency and communication with investors [2].

Summary of PROG Holdings Business Update Conference Call Company and Industry Overview - **Company**: PROG Holdings - **Acquisition Target**: Purchasing Power - **Industry**: E-commerce and Financial Services Key Points and Arguments Acquisition Details - PROG Holdings has entered into a definitive agreement to acquire Purchasing Power for **$420 million in cash** [15] - The acquisition is expected to close in **early 2026** [15] - Approximately **$330 million** of Purchasing Power's non-recourse funding debt will remain post-transaction [15] Strategic Alignment - The acquisition aligns with PROG's mission to provide **transparent, flexible, and inclusive payment options** to underserved consumers [3] - Purchasing Power adds new capabilities, established partners, and millions of eligible customers to PROG's ecosystem [3] - The acquisition is expected to create **revenue and cost synergies** across PROG's platforms [3][20] Growth Strategy - PROG's three-pillared strategy focuses on **growing GMV**, enhancing consumer experience, and expanding the ecosystem [4] - Purchasing Power expands PROG's partner base into **more than 25 industries**, including **48 Fortune 500 companies** [4] - The expected revenue for Purchasing Power in **2026** is projected to be between **$680 million and $730 million**, with adjusted EBITDA of **$50 million to $60 million** [5] Business Model and Operations - Purchasing Power operates as an e-commerce platform allowing customers to purchase goods and services through **payroll deduction** [5][7] - The platform has relationships with over **360 employers**, providing access to **over 7 million employees** [5] - The business boasts a **98% client revenue retention rate** and strong customer repeat rates [5] Financial Performance and Projections - The current margin profile for Purchasing Power is in the **mid to high single digits**, with expectations to improve to the **low double digits** over the next 24 months [30] - The interest rate on the non-recourse funding debt is approximately **6.5%** [28] - The write-off rate for credit losses is historically around **9%** of revenue [38] Synergies and Future Opportunities - There are significant opportunities for **cross-selling** and introducing PROG's broader ecosystem to Purchasing Power's customer base [8][20] - The integration of Purchasing Power's payroll deduction model is expected to enhance PROG's competitive positioning in the near and subprime market [11] - Cost synergies are anticipated from consolidating operations and leveraging data across both businesses [46][47] Capital Allocation and Financial Strategy - PROG's capital allocation priorities remain focused on investing in product offerings, evaluating M&A opportunities, and returning excess capital to shareholders [12] - The company aims to manage long-term net leverage targets of **1.5 to 2 times**, excluding non-recourse funding debt [12] Additional Important Information - The demographic profile of Purchasing Power's customers shows that approximately **80%** have credit scores below **650** and household incomes around **$78,000** [9] - The acquisition is expected to solidify PROG's foundation for sustained multi-year growth by diversifying its payment solutions [11] This summary encapsulates the key points discussed during the PROG Holdings Business Update conference call, focusing on the acquisition of Purchasing Power and its implications for the company's strategy and financial outlook.

Core Viewpoint - The article discusses the importance of enabling Javascript and cookies in browsers to ensure proper functionality and access to content [1] Group 1 - The article highlights that users may face access issues if they have an ad-blocker enabled [1] - It suggests disabling ad-blockers and refreshing the page to proceed [1]

Acquisition Overview - PROG Holdings will acquire Purchasing Power for $420 million in cash[8, 34] - The acquisition is expected to contribute between $50 million and $60 million of Adjusted EBITDA in 2026[8] - The deal is anticipated to close in early 2026, pending regulatory approvals[34] Purchasing Power Highlights - Purchasing Power is a FinTech platform that allows consumers to buy goods and services over time via payroll deduction[12] - The company's 2026 revenue is projected to be between $680 million and $730 million[13, 34] - Approximately 90% of Purchasing Power's outstanding balance has payment terms of 12 months or less[14] - Purchasing Power has relationships with over 360 established employers[14, 19, 22, 28] - Purchasing Power has relationships with over 100 distribution partners[14, 19] - Purchasing Power reaches over 7 million eligible employees[14, 19, 22] - Purchasing Power has a 98% client revenue retention rate[14, 22] Strategic Benefits - The acquisition is expected to result in double-digit percentage EPS accretion in 2026[34] - PROG Holdings aims to maintain a net leverage ratio between 1.5x and 2.0x post-transaction[32, 34]