UPBOUND GROUP, INC.

Listed Company

UPBDCIK 0000933036NasdaqLarge AcceleratedServices-Equipment Rental & Leasing, NecDelawareFY ends Dec 31

Period

FY 2025

Revenue

$4.70B

Net Income

$73.24M

Total Assets

$3.28B

Equity

$695.74M

Shares Out

58.12M

Op. Cash Flow

$305.57M

Business

Upbound Group, Inc. is a technology- and data-driven provider of accessible lease-to-own financial solutions serving underserved consumers through its operating platforms. The company offers lease-purchase agreements for name-brand durable goods and complementary services such as delivery, set-up, repairs, reinstatement options, e-commerce sales and a newly acquired financial health technology business (Brigit) that provides budgeting, earned-wage access, credit-building and identity protection services. Its business is organized into Acima, Rent-A-Center, Mexico and Franchising segments. Upbound distributes products via third-party retailer kiosks and portals, company-owned stores, an e-commerce platform, virtual channels and franchised locations across the United States, Puerto Rico and Mexico.

Summary from filing dated 2025-02-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Rentals and fees	3,627	3,514	3,262	3,375	3,522
Merchandise sales	829	774	700	675	829
Subscriptions and fees	206	0	0	—	—
Other	33	33	30	5	—
Total revenues	4,695	4,321	3,992	4,245	4,583
Cost of rentals and fees	1,442	1,356	1,199	1,269	1,260
Cost of merchandise sold	958	885	771	780	936
Cost of subscriptions and fees	24	0	0	—	—
Total cost of revenues	2,423	2,240	1,970	2,166	2,348
Gross profit	2,272	2,080	2,022	2,080	2,235
Operating labor	602	609	614	634	—
Non-labor operating expenses	950	812	776	822	—
General and administrative expenses	232	212	202	186	195
Depreciation and amortization	52	51	51	53	—
Other gains and charges	212	105	217	235	—
Total operating expenses	2,048	1,789	1,859	1,931	1,954
Operating profit	223	292	163	149	281
Debt refinancing charges	5	7	0	0	16
Interest expense	113	111	113	88	71
Interest income	−3	−3	−3	−641,000	−221,000
Earnings before income taxes	108	178	53	61	194
Income tax expense	35	54	58	49	59
Net earnings (loss)	73	123	−5	12	135
Basic earnings (loss) per common share	1.3	2.26	−0.09	0.23	2.37
Diluted earnings (loss) per common share	1.25	2.21	−0.09	0.21	2.02

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	121	61	94	144	108
Receivables, net of allowance for doubtful accounts of $29,661 and $13,290 in 2025 and 2024, respectively	203	156	111	112	126
Prepaid expenses and other assets	153	54	50	46	63
On rent	1,202	1,135	1,110	990	1,173
Held for rent	115	114	124	135	133
Merchandise held for installment sale	5	6	6	7	6
Property assets, net of accumulated depreciation of $556,812 and $548,708 in 2025 and 2024, respectively	310	254	273	295	308
Operating lease right-of-use assets	273	266	290	302	291
Deferred tax asset	57	59	72	83	68
Goodwill	488	290	290	290	290
Other intangible assets, net	350	255	301	359	425
Total assets	3,276	2,650	2,721	2,764	2,993
Accounts payable trade	154	115	177	155	136
Accrued liabilities	461	304	323	321	363
Operating lease liabilities	287	273	293	306	297
Deferred tax liability	109	18	61	88	114
Senior debt, net	1,126	868	867	931	1,135
Senior notes, net	444	442	440	438	436
Total liabilities	2,580	2,021	2,161	2,238	2,480
Common stock, $0.01 par value; 250,000,000 shares authorized; 128,996,814 and 125,796,878 shares issued in 2025 and 2024, respectively	1	1	1	1	1
Additional paid-in capital	1,574	1,494	1,460	1,298	1,147
Retained earnings	1,019	1,036	995	1,077	1,144
Treasury stock at cost, 71,060,928 shares in 2025 and 2024	−1,891	−1,891	−1,891	−1,841	1,766
Accumulated other comprehensive loss	−7	−11	−4	−11	−12
Total stockholders' equity	696	629	560	525	513
Total liabilities and stockholders' equity	3,276	2,650	2,721	2,764	2,993

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation of rental merchandise	1,380	1,303	1,161	1,229	1,217
Bad debt expense	75	19	26	25	14
Stock-based compensation expense	45	36	162	159	148
Depreciation for property assets	75	72	75	68	67
Loss (gain) on sale or disposal of property assets	838,000	−2	568,000	6	353,000
Amortization of intangibles	59	46	58	66	103
Amortization of financing fees	4	5	6	6	6
Writeoff of debt financing fees	958,000	5	0	0	—
Deferred income taxes	47	−27	−18	−41	48
Rental merchandise(1)	−1,447	−1,329	−1,272	−1,048	−1,274
Receivables	−19	−62	−25	−10	−26
Prepaid expenses and other assets	−96	−4	−4	17	−13
Operating lease right-of-use assets and lease liabilities	7	4	487,000	−2	3
Accounts payable trade	21	−62	22	20	−66
Accrued liabilities	80	−23	13	−40	20
Net cash provided by operating activities	306	105	200	468	392
Net originations and collections of customer cash advances	−58	0	0	—	—
Purchase of property assets	−67	−56	−53	−61	−62
Proceeds from sale of assets	61,000	19	2	52,000	4,000
Promissory loan issuance	0	−3	0	0	—
Proceeds from Collection of Loans Receivable	240,000	0	0	—	—
Acquisitions of businesses, net of cash acquired	−279	−1	−39,000	−995,000	−1,274
Net cash used in investing activities	−404	−42	−51	−62	−1,336
Share repurchases	0	0	−50	−75	−390
Excise tax related to share repurchases(2)	0	−392,000	0	0	—
Exercise of stock options	566,000	2	2	2	12
Shares withheld for payment of employee tax withholdings	−7	−4	−3	−10	−21
Debt issuance costs	−9	−5	0	0	−48
Proceeds from debt	776	320	70	90	1,780
Repayments of debt	−517	−324	−139	−299	−369
Dividends paid	−88	−82	−83	−79	−72
Net cash provided by (used in) financing activities	156	−94	−202	−371	893
Effect of exchange rate changes on cash	1	−3	2	391,000	−289,000
Net increase (decrease) in cash and cash equivalents	60	−33	−50	36	−51
Interest	105	109	106	71	51
Income taxes (excludes $49, $751, and $20,714 of income taxes refunded in 2025, 2024, and 2023, respectively)	70	103	89	72	19

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro