Comparing the current results to its competitors, Prog Holdings Inc reported Revenue increase in the 1 quarter 2026 by 8.56 % year on year. The revenue growth was below Prog Holdings Inc 's competitors' average revenue growth of 21.36 %, achieved in the same quarter.
Prog Holdings Inc 's Comment on Competition and Industry Peers
The Progressive Leasing segment operates in a competitive market that includes lease-to-own companies, both virtual and traditional store-based, consumer finance companies, and traditional and online merchandise sellers offering various payment options. The virtual lease-to-own market is characterized by emerging products and services that provide alternative payment methods. Four competes within a highly competitive industry alongside other buy now, pay later (BNPL) service providers, traditional credit cards, contactless virtual cards, digital wallets, and other digital payment methods. The BNPL industry is experiencing rapid growth with increasing competition from new entrants and payment forms. Prior to the sale of its loan portfolio in October 2025 and the wind-down of its operations, Vive competed with banks, consumer finance companies, and other financial technology firms for customers purchasing merchandise or services. Other competitors identified in filings include Purchasing Power.
June 14, 2024
In an impressive achievement that underscores its commitment to excellence in customer service, Progressive Leasing, a subsidiary of PROG Holdings, Inc. (NYSE: PRG) and the leading provider of flexible and transparent lease-to-own purchase options, has been recognized as a Silver Stevie Award winner in the 2024 American Business Awards. This prestigious honor was awarded in the Customer Service Department of the Year - Financial Services category, highlighting Progressive Leasing’s dedication to providing unparalleled customer experiences.Headquartered in Salt Lake City, Progressive Leasing has positioned itself as a pioneer in the virtual lease-to-own space. By offering flexible, transparent lease-to-own ...
January 25, 2024
The announcement is part of the company s ongoing effort to streamline operations and improve financial performance through various cost reduct...
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Upstart Holdings Inc is a technology platform that operates as an online lender, offering personal loans to consumers. The company uses a unique business model that leverages artificial intelligence and data science to assess borrower creditworthiness and determine loan terms. By connecting borrowers with investors, Upstart aims to create a more efficient and inclusive lending process.
Sources:
Prog Holdings Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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