PROG Holdings Inc
NYSE:PRG

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PROG Holdings Inc
NYSE:PRG
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Price: 43.03 USD 1.22% Market Closed
Market Cap: 1.8B USD
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PROG Holdings Inc
Investor Relations

PROG Holdings Inc. has crafted a business model centered around empowering consumers by offering flexible financial solutions without the traditional constraints of credit. At its core is Progressive Leasing, the company's largest segment, which specializes in offering lease-to-own purchase options for customers who may not have access to traditional financing. This service is particularly popular with major retail partners, including furniture and electronics stores, allowing them to reach a broader customer base. By providing a path to ownership over time, PROG Holdings helps consumers acquire necessary items like appliances, electronics, and furniture, while simultaneously driving sales for its retail partners. The company's revenue is generated principally through rental payments from its customers, offering a financial service that aligns the interests of the retailer, consumer, and PROG Holdings itself.

In addition to Progressive Leasing, PROG Holdings Inc. fosters a holistic approach through Vive Financial, its second growth engine. Vive Financial extends its reach by providing a range of credit products to consumers that bolster the entire purchase journey—beyond what traditional credit cards offer. This dual approach allows PROG Holdings to tap into varied market segments, thereby cushioning the company from economic fluctuations and keeping its pipeline diversified. By integrating data and technology, PROG Holdings enhances decision-making and risk assessment, maintaining a robust framework that has evolved with shifting market demands. The company capitalizes on both in-store and online retail ecosystems, capitalizing on consumer trends and preferences, which drives its financial performance and strengthens its market position in the dynamic world of consumer finance.

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Management

Mr. Steven A. Michaels
CEO, President & Director
No Bio Available
Mr. Curtis Linn Doman
Co-Founder & Director
No Bio Available
Mr. Todd King
Chief Legal & Compliance Officer
No Bio Available
Mr. Trevor Thatcher
Chief Operations Officer
No Bio Available
Mr. George Matt Sewell
Principal Accounting Officer & VP of Financial Reporting
No Bio Available
Mr. Sridhar Nallani
Chief Technology Officer
No Bio Available
Mr. John Allen Baugh C.F.A.
Vice President of Investor Relations
No Bio Available
Mark Delcorps
Director of Corporate Communications
No Bio Available
Ms. Debra A. Fiori
Chief People Officer
No Bio Available
Mr. Ryan Ray
President of Lending
No Bio Available

Contacts

Address
UTAH
Draper
256 W. Data Drive
Contacts