PROG Holdings, Inc.

PROG Holdings, Inc. is a financial technology holding company that provides payment options to consumers in the United States. Its operations are structured into two segments: Progressive Leasing and Four. Progressive Leasing is an in-store, app-based, and e-commerce point-of-sale lease-to-own solutions provider. Four enables consumers of all credit backgrounds to pay for purchases over time through short-term, interest-free instalment buy-now-pay-later (BNPL) plans. Additionally, the company offers Purchasing Power, which provides underserved customers with alternatives to traditional financing options.

PROG Holdings, Inc. is listed on the New York Stock Exchange (NYSE) under the ticker symbol PRG. The company's financials are reported in US Dollars (USD), as it is based in the United States and primarily operates in the US market.

PROG Holdings, Inc. operates in the Industrials sector, specifically within the Rental & Leasing Services industry. This classification reflects the company's core business of providing lease-to-own solutions and other payment options to consumers, which falls under the broader category of rental and leasing services.

PROG Holdings, Inc. is headquartered in Draper, Utah, United States. The company was founded in 1955 and was formerly known as Aaron's Holdings Company, Inc. before rebranding to PROG Holdings in December 2020. The company serves consumers across the United States through its various payment solution offerings.

PROG Holdings generates revenue through its two main segments: Progressive Leasing and Four. Progressive Leasing provides lease-to-own solutions at point-of-sale in stores, apps, and e-commerce, earning income from lease payments over time. Four offers short-term, interest-free instalment BNPL plans, allowing consumers to pay for purchases over time. The company also offers Purchasing Power, which provides alternative financing options to underserved customers. These services cater to consumers of all credit backgrounds, generating revenue through fees and lease payments.