PRG — what changed in the latest 10-Q
A section-by-section comparison of PRG's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-10-28 vs the prior 10-Q · 2026-07-30
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +36 | −29 | ~58 | 48 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~3 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~3 | 3 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Risk factors
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-10-28
GMV increased by $9.5 million for Progressive Leasing in the third quarter of 2026, compared to the same period in the prior year. Despite the increase in GMV in the third quarter of 2026, lease revenue declined for both the three and nine months ended September 30, 2026 compared to the prior-year p…
Progressive Leasing experienced elevated delinquencies in the second and third quarters of 2026, which contributed to a provision for lease merchandise write-offs as a percentage of Progressive Leasing revenue of 8.3% during the three months ended September 30, 2026 compared to 7.4% in the prior yea…
•Earnings from continuing operations before income taxes increased to $52.3 million compared to $44.7 million in the prior-year period, primarily driven by an $8.7 million increase in earnings from Four due to continued business growth and a $3.0 million increase in earnings from Purchasing Power in…
Gross margin is a key performance measure for our Progressive Leasing segment, which generates lease revenue from transactions that include associated depreciation of the merchandise on lease, making gross margin a meaningful indicator of profit. Gross margin percentage was essentially unchanged fro…
•Professional fees increased by $3.1 million driven primarily by various technology modernization initiatives compared to 2025; and
Text removed vs the prior filing · source: 10-Q · 2026-07-30
Progressive Leasing entered 2026 with a smaller lease portfolio, as measured by its gross leased asset balance, compared to 2025, which resulted in a decrease in lease revenues when compared to the three and six months ended June 30, 2025. Gross margin as a percentage of revenue increased from the p…
Customer payment delinquencies were elevated at the end of 2024 and during the first quarter of 2025, which prompted us to tighten our decisioning posture to maintain a healthy lease portfolio. While this action benefited our lease portfolio performance, it also negatively impacted Progressive Leasi…
•Earnings from continuing operations before income taxes decreased to $50.8 million compared to $51.2 million in the same period in 2025, primarily due to a $6.1 million decline in earnings at Progressive Leasing. The decrease at Progressive Leasing was driven by a $4.8 million charge related to the…
Gross margin is a key performance measure for our Progressive Leasing segment, which generates lease revenue from transactions that include associated depreciation of the merchandise on lease, making gross margin a meaningful indicator of profit. The increase in Progressive Leasing's gross margin pe…
–Personnel costs increased by $2.3 million due to an increase in incentive compensation expense when compared to 2025; and
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice