PROG (US:PRG)2025-10-22 12:30Q3 2025 Financial Performance - Consolidated revenues reached $595.1 million[5], a decrease of 1.8% year-over-year, primarily due to a smaller lease portfolio, but this was partially offset by growth in Four Technologies[11, 12, 17] - Net earnings amounted to $33.1 million[5, 17] - Adjusted EBITDA stood at $67.0 million, with an adjusted EBITDA margin of 11.3% of PROG Holdings consolidated revenues[5, 11, 17] - Diluted EPS was $0.82, while Non-GAAP Diluted EPS reached $0.90, a 16.9% increase year-over-year[5, 11, 17] Progressive Leasing Segment - Progressive Leasing GMV totaled $410.9 million, a 10.0% decrease year-over-year due to a large national partner's bankruptcy and tighter decisioning[5, 14, 15, 18] - Progressive Leasing revenue was $556.6 million, a 4.5% decrease year-over-year[14, 15, 18] - Write-offs as a percentage of Progressive Leasing revenue were 7.4%, showing sequential and year-over-year improvement[14, 15, 18] - Progressive Leasing adjusted EBITDA was $64.5 million, representing 11.6% of Progressive Leasing revenues[18] Four Technologies - Four Technologies experienced GMV growth of 162.8% and achieved its third consecutive quarter of positive Adjusted EBITDA[5] 2025 Outlook - The company revised its full-year 2025 revenue outlook to $2.41 billion - $2.435 billion[21] - The company revised its full-year 2025 adjusted EBITDA outlook to $258 million - $265 million[21]