| Segment Information |
Note 9 - Segment Information The operating segments reported below are the segments for which separate financial information is available and for which segment results are evaluated by our Chief Operating Decision Makers (“CODMs”). Our CODMs include Upbound’s Chief Executive Officer and Chief Financial Officer. Our CODMs regularly review the revenues and operating profit for each operating segment in comparison to Company projections and previously reported periods, in addition to other factors, including the Company’s strategic initiatives, as well as industry, macroeconomic, and market trends, in determining the appropriate allocation of resources to support our business operations. Our operating segments are organized based on factors including, but not limited to, type of business transaction, geographic location and store ownership. We report financial operating performance under four operating segments: Acima, Rent-A-Center, Brigit and Mexico. Segment information is as follows:
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Three Months Ended June 30, 2026 |
|
(in thousands) |
|
Acima |
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|
Rent-A-Center |
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|
Brigit |
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|
Mexico |
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|
Total |
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Revenues |
|
$ |
603,529 |
|
|
$ |
466,378 |
|
|
$ |
71,144 |
|
|
$ |
22,375 |
|
|
$ |
1,163,426 |
|
Cost of revenues |
|
|
405,380 |
|
|
|
149,433 |
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|
|
7,087 |
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|
|
6,688 |
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|
568,588 |
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Gross profit |
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|
198,149 |
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|
316,945 |
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|
64,057 |
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|
15,687 |
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|
594,838 |
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Operating expenses |
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Operating labor |
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23,913 |
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121,413 |
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1,503 |
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5,469 |
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152,298 |
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Non-labor operating expenses(1) |
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75,665 |
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128,458 |
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48,836 |
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7,297 |
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260,256 |
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Depreciation and amortization |
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|
373 |
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4,592 |
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27 |
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|
673 |
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5,665 |
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Other segment expenses(2) |
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|
24,755 |
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7,824 |
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6,179 |
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2,520 |
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41,278 |
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Segment operating profit (loss) |
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73,443 |
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54,658 |
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7,512 |
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(272 |
) |
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135,341 |
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Corporate |
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(81,082 |
) |
Operating profit |
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|
54,259 |
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Interest expense |
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25,522 |
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Interest income |
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(521 |
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Earnings before income taxes |
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$ |
29,258 |
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(1) Includes Lease Charge-Offs of $53.1 million and $21.5 million in the Acima and Rent-A-Center segments, respectively, and net advance losses of $18.0 million in the Brigit segment for the three months ended June 30, 2026. (2) Includes certain general and administrative expenses and other gains and charges. See Note 8 for additional information regarding other gains and charges.
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Six Months Ended June 30, 2026 |
|
(in thousands) |
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Acima |
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Rent-A-Center |
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Brigit |
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|
Mexico |
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Total |
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Revenues |
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$ |
1,252,219 |
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$ |
947,983 |
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$ |
138,814 |
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$ |
44,139 |
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$ |
2,383,155 |
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Cost of revenues |
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|
859,970 |
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|
313,839 |
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|
14,835 |
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|
13,211 |
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|
1,201,855 |
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Gross profit |
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|
392,249 |
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|
634,144 |
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|
123,979 |
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|
30,928 |
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1,181,300 |
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Operating expenses |
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Operating labor |
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|
47,344 |
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240,343 |
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2,763 |
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10,958 |
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|
301,408 |
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Non-labor operating expenses(1) |
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|
157,064 |
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256,289 |
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|
82,813 |
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|
14,352 |
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|
510,518 |
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Depreciation and amortization |
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|
776 |
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|
9,600 |
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|
54 |
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1,307 |
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|
11,737 |
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Other segment expenses(2) |
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|
36,356 |
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10,976 |
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12,275 |
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|
4,676 |
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|
64,283 |
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Segment operating profit (loss) |
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|
150,709 |
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|
116,936 |
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|
26,074 |
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(365 |
) |
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|
293,354 |
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Corporate |
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(161,657 |
) |
Operating profit |
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|
131,697 |
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Interest expense |
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|
52,403 |
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Interest income |
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(1,235 |
) |
Earnings before income taxes |
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$ |
80,529 |
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(1) Includes Lease Charge-Offs of $110.4 million and $42.5 million in the Acima and Rent-A-Center segments, respectively, and net advance losses of $31.9 million in the Brigit segment for the six months ended June 30, 2026. (2) Includes certain general and administrative expenses and other gains and charges. See Note 8 for additional information regarding other gains and charges.
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Three Months Ended June 30, 2025 |
|
(in thousands) |
|
Acima |
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Rent-A-Center |
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Brigit |
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|
Mexico |
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Total |
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Revenues |
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$ |
618,967 |
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$ |
467,118 |
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|
$ |
51,890 |
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$ |
19,561 |
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$ |
1,157,536 |
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Cost of revenues |
|
|
423,978 |
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|
150,160 |
|
|
|
5,986 |
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|
|
5,587 |
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|
585,711 |
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Gross profit |
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|
194,989 |
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|
316,958 |
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|
45,904 |
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|
13,974 |
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|
571,825 |
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Operating expenses |
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Operating labor |
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|
24,403 |
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|
119,127 |
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|
1,065 |
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|
4,497 |
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|
149,092 |
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Non-labor operating expenses(1) |
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|
76,741 |
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|
119,532 |
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|
28,300 |
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|
|
5,571 |
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|
230,144 |
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Depreciation and amortization |
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|
353 |
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|
5,238 |
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|
18 |
|
|
|
484 |
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|
6,093 |
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Other segment expenses(2) |
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|
11,489 |
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|
10,060 |
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|
6,049 |
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|
|
1,486 |
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|
29,084 |
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Segment operating profit |
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|
82,003 |
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|
63,001 |
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|
10,472 |
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|
1,936 |
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|
157,412 |
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Corporate |
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|
(106,678 |
) |
Operating profit |
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|
|
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|
|
|
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|
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|
50,734 |
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Interest expense |
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|
28,523 |
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Interest income |
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|
(638 |
) |
Earnings before income taxes |
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$ |
22,849 |
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(1) Includes Lease Charge-Offs of $57.6 million and $20.0 million in the Acima and Rent-A-Center segments, respectively, and net advance losses of $10.4 million in the Brigit segment for the three months ended June 30, 2025. (2) Includes certain general and administrative expenses and other gains and charges. See Note 8 for additional information regarding other gains and charges.
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Six Months Ended June 30, 2025 |
|
(in thousands) |
|
Acima |
|
|
Rent-A-Center |
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|
Brigit |
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|
Mexico |
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Total |
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Revenues |
|
$ |
1,256,254 |
|
|
$ |
956,143 |
|
|
$ |
83,751 |
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$ |
37,751 |
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$ |
2,333,899 |
|
Cost of revenues |
|
|
874,814 |
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|
316,359 |
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|
9,992 |
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|
|
10,780 |
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1,211,945 |
|
Gross profit |
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|
381,440 |
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|
|
639,784 |
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|
73,759 |
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|
26,971 |
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|
1,121,954 |
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Operating expenses |
|
|
|
|
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|
Operating labor |
|
|
48,393 |
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|
239,325 |
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|
|
1,781 |
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|
8,760 |
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|
298,259 |
|
Non-labor operating expenses(1) |
|
|
153,643 |
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|
241,911 |
|
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|
42,747 |
|
|
|
10,854 |
|
|
|
449,155 |
|
Depreciation and amortization |
|
|
707 |
|
|
|
10,665 |
|
|
|
29 |
|
|
|
921 |
|
|
|
12,322 |
|
Other segment expenses(2) |
|
|
22,986 |
|
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|
18,467 |
|
|
|
9,901 |
|
|
|
3,277 |
|
|
|
54,631 |
|
Segment operating profit |
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|
155,711 |
|
|
|
129,416 |
|
|
|
19,301 |
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|
|
3,159 |
|
|
|
307,587 |
|
Corporate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(194,238 |
) |
Operating profit |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
113,349 |
|
Interest expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
56,321 |
|
Interest income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1,332 |
) |
Earnings before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
58,360 |
|
(1) Includes Lease Charge-Offs of $114.3 million and $40.4 million in the Acima and Rent-A-Center segments, respectively, and net advance losses of $15.4 million in the Brigit segment for the six months ended June 30, 2025. (2) Includes certain general and administrative expenses and other gains and charges. See Note 8 for additional information regarding other gains and charges.
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|
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|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
(in thousands) |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Capital expenditures |
|
|
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|
|
|
|
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|
Acima |
|
$ |
474 |
|
|
$ |
118 |
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$ |
474 |
|
|
$ |
430 |
|
Rent-A-Center |
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|
5,655 |
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|
|
5,626 |
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|
|
7,083 |
|
|
|
8,117 |
|
Brigit |
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|
46 |
|
|
|
259 |
|
|
|
87 |
|
|
|
305 |
|
Mexico |
|
|
888 |
|
|
|
1,135 |
|
|
|
2,048 |
|
|
|
1,779 |
|
Total operating segments |
|
|
7,063 |
|
|
|
7,138 |
|
|
|
9,692 |
|
|
|
10,631 |
|
Corporate |
|
|
8,435 |
|
|
|
11,109 |
|
|
|
21,770 |
|
|
|
18,192 |
|
Total capital expenditures |
|
$ |
15,498 |
|
|
$ |
18,247 |
|
|
$ |
31,462 |
|
|
$ |
28,823 |
|
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|
|
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(in thousands) |
|
June 30, 2026 |
|
|
December 31, 2025 |
|
On rent rental merchandise, net |
|
|
|
|
|
|
Acima |
|
$ |
616,540 |
|
|
$ |
710,844 |
|
Rent-A-Center |
|
|
441,232 |
|
|
|
465,076 |
|
Mexico |
|
|
27,936 |
|
|
|
26,362 |
|
Total on rent rental merchandise, net |
|
$ |
1,085,708 |
|
|
$ |
1,202,282 |
|
|
|
|
|
|
|
|
|
|
(in thousands) |
|
June 30, 2026 |
|
|
December 31, 2025 |
|
Held for rent rental merchandise, net |
|
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|
|
|
|
Acima |
|
$ |
167 |
|
|
$ |
164 |
|
Rent-A-Center |
|
|
105,371 |
|
|
|
100,893 |
|
Mexico |
|
|
11,684 |
|
|
|
13,468 |
|
Total held for rent rental merchandise, net |
|
$ |
117,222 |
|
|
$ |
114,525 |
|
|
|
|
|
|
|
|
|
|
(in thousands) |
|
June 30, 2026 |
|
|
December 31, 2025 |
|
Assets by segment |
|
|
|
|
|
|
Acima |
|
$ |
1,159,452 |
|
|
$ |
1,280,771 |
|
Rent-A-Center |
|
|
967,037 |
|
|
|
1,016,293 |
|
Brigit |
|
|
437,765 |
|
|
|
430,232 |
|
Mexico |
|
|
60,442 |
|
|
|
62,602 |
|
Total operating segments |
|
|
2,624,696 |
|
|
|
2,789,898 |
|
Corporate |
|
|
479,063 |
|
|
|
486,183 |
|
Total assets |
|
$ |
3,103,759 |
|
|
$ |
3,276,081 |
|
|