On October 20, 2025, PROG Holdings completed the sale of substantially all of Vive's loans receivable portfolio to Fortiva Funding LLC ("Fortiva"). The results of Vive are reported as discontinued operations for all periods presented. See Note 2 to the consolidated financial statements in the Company's Form 10-K for the year ended December 31, 2025 for additional information.

Following the completion of the sale, the Company's remaining activities related to Vive are limited to transition services and temporary arrangements intended to facilitate the orderly transfer of the business to Fortiva and do not represent ongoing operations of the Company.

Following the cut-off date of the sale, Vive continued to originate new credit card receivables for a short period of time under existing merchant agreements, until origination services could be transferred to Fortiva. These receivables are owned by Vive and are expected to be resolved over time through a sale or other disposition. Because these activities are directly related to the disposed credit card business and occurred only to facilitate the transition of merchant relationships, the related revenues and expenses are included in discontinued operations.

The following table summarizes the major classes of line items constituting the operations of Vive, which are included within the (loss) earnings from discontinued operations, net of income tax, in the condensed consolidated statements of earnings and the operating and investing cash flows of the discontinued operations.


	Three months ended September 30,				Nine months ended September 30,
(in thousands)	2026		2025		2026		2025
Revenues	$	629	$	17,402	$	2,634	$	49,222
Operating (loss) profit	(279)		938		(893)		2,330
(Loss) earnings from discontinued operations before income tax	(279)		948		(979)		2,339
Income tax (benefit) expense from discontinued operations	(43)		94		(230)		455
(Loss) earnings from discontinued operations, net of tax	$	(236)	$	854	$	(749)	$	1,884

Cash flows1:
Cash (used in) provided by operating activities - discontinued operations					$	(6,576)	$	24,730
Cash provided by (used in) investing activities - discontinued operations					$	5,917	$	(35,490)

The following table summarizes the major classes of assets and liabilities of discontinued operations as of September 30, 2026 and December 31, 2025:


(in thousands)	September 30, 2026		December 31, 2025
Assets

Accounts receivable, net	$	—	$	17
Loans receivable, net	5,090		9,570



Deferred tax assets	2,671		2,671
Prepaid expenses and other assets	722		1,292
Total assets of discontinued operations	$	8,483	$	13,550
Liabilities
Accounts payable and accrued expenses	$	1,993	$	6,831
Income tax payable	70		—

Total liabilities of discontinued operations	$	2,063	$	6,831