PROG Holdings, Inc.
Progressive Finance Holdings, LLC operates as the borrower in a credit facility arrangement with JPMorgan Chase Bank, N.A. serving as administrative agent. The company is a subsidiary of PROG Holdings, INC. (formerly Aaron's Holdings Company, Inc.), which serves as the ultimate parent entity in this financing… From the company’s description.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What PROG Holdings, Inc. does
In the company’s own words
Progressive Finance Holdings, LLC operates as the borrower in a credit facility arrangement with JPMorgan Chase Bank, N.A. serving as administrative agent. The company is a subsidiary of PROG Holdings, INC. (formerly Aaron's Holdings Company, Inc.), which serves as the ultimate parent entity in this financing structure.
Based on the credit agreement documentation, PROG Holdings operates through multiple subsidiary entities and business divisions, including leasing operations through PROG Leasing, LLC and various regional property management entities organized by state. The company maintains a diversified portfolio of financial services and consumer finance operations, with particular focus on lease-to-own and rental services across multiple geographic markets.
The corporate structure reflects a sophisticated financing arrangement designed to support acquisition activity and operational expansion. The Fourth Amendment to the Credit Agreement, dated January 2, 2026, demonstrates the company's active growth strategy, including the Project Beach Acquisition of P-Squared, LLC through a newly formed acquisition subsidiary. This transaction was supported by a $125 million incremental term loan facility alongside revolving credit facilities totaling up to $135 million in acquisition-related funding.
PROG Holdings maintains operations across numerous states through regional subsidiaries including entities in Arizona, California, Florida, Georgia, Illinois, Michigan, New York, Ohio, Texas, and other regions. The company also operates specialized financial services divisions including VIVE FINANCIAL LLC and APPROVE.ME LLC, indicating diversification into digital financial services and alternative lending products.
The financing structure includes sophisticated receivables securitization programs through entities such as Purchasing Power Funding 2023-A, LLC and Purchasing Power Funding 2024-A, LLC, reflecting the company's asset-backed securities capabilities. The company's operational footprint extends through multiple wholly-owned domestic subsidiaries and guarantor entities, demonstrating a substantial and geographically distributed business platform serving consumer finance and lease-to-own markets across the United States.
Company details
- Sector
- Technology
- Industry
- Business Services & Software
- Headquarters
- DRAPER, UT
- Fiscal year end
- December
- CIK
- 1808834
- SIC
- 7359
Financial performance, year by year
Fiscal 2020–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns PROG Holdings, Inc. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · PROG Holdings, Inc.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
PROG Holdings, Inc.’s bonds, as funds hold them
Funds report holding 1 issues of PROG Holdings, Inc.’s debt, $232.23M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 6.00%, maturing 2029 to 2029.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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