Upbound Group, Inc. reported a modest increase in financial performance for the second quarter of 2026, with total revenues rising to $1.163 billion, a 0.5% increase from $1.158 billion in the same period last year. For the first half of 2026, revenues reached $2.383 billion, up 2.1% from $2.334 billion in the prior year. The company’s net earnings for the quarter were $21.6 million, a 39.4% increase compared to $15.5 million in Q2 2025, while net earnings for the first half of 2026 totaled $57.4 million, up 42.4% from $40.3 million in the same period last year. Basic earnings per share increased to $0.37 from $0.27 year-over-year.
The company experienced significant changes in its revenue streams, particularly in its Brigit segment, which saw a 37.1% increase in revenue for the second quarter, contributing $71.1 million compared to $51.9 million in Q2 2025. This growth was partially offset by declines in the Acima and Rent-A-Center segments, which reported decreases in merchandise sales and other revenues. The Acima segment's revenues fell by 2.5% to $603.5 million, while Rent-A-Center's revenues decreased slightly by 0.2% to $466.4 million. The Mexico segment, however, reported a 14.4% increase in revenue, attributed to favorable exchange rate fluctuations.
Operationally, Upbound Group has been focusing on strategic initiatives, including the integration of Brigit, which was acquired in January 2025. The acquisition is expected to enhance the company's technology-driven financial solutions. The company also initiated a strategic plan to optimize its Rent-A-Center store footprint, resulting in the closure of 69 locations, which incurred $1.6 million in lease impairment charges. Additionally, the company reported a rise in merchandise losses due to fraudulent lease-to-own contracts, amounting to approximately $13.3 million in Q2 2026.
As of June 30, 2026, Upbound Group's total assets were valued at $3.104 billion, a decrease from $3.276 billion at the end of 2025. The company reported cash and cash equivalents of $105.3 million and outstanding debt of $1.4 billion. The company’s cash flow from operations increased significantly to $294 million for the first half of 2026, compared to $174 million in the same period last year. Looking ahead, Upbound Group aims to leverage its data analytics capabilities to attract new customers and enhance its competitive position across its business segments, while continuing to monitor macroeconomic conditions that may impact its operations.
About UPBOUND GROUP, INC.
Upbound Group, Inc. is a leader in accessible financial solutions, primarily offering lease-to-own services through its Rent-A-Center and Acima segments. It provides consumers with flexible, branded product access without long-term debt, serving underserved markets in the U.S., Puerto Rico, and Mexico. The company leverages technology, data analytics, and a broad retail network to deliver convenient ownership options and expand financial opportunity.
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