Upbound Group, Inc. reported a total revenue of $1.22 billion for the first quarter of 2026, marking a 3.7% increase from $1.18 billion in the same period of 2025. The growth was primarily driven by a significant rise in subscription and fee revenues, which surged by 112.4% to $67.7 million, compared to $31.9 million in the prior year. However, merchandise sales saw a decline of 2.6%, falling to $230.2 million from $236.2 million. The company's net earnings also increased by 44.4%, reaching $35.8 million, or $0.62 per share, up from $24.8 million, or $0.44 per share, in the previous year.
The financial performance reflects notable changes in operational dynamics. The Acima segment contributed $648.7 million in revenues, a slight increase of 1.8% from the previous year, while the Rent-A-Center segment experienced a revenue decline of 1.5%, totaling $481.6 million. The Brigit segment, which was acquired in January 2025, reported revenues of $67.7 million for the first full quarter post-acquisition, significantly boosting overall company performance. The Mexico segment also saw a revenue increase of 19.6%, attributed to favorable exchange rate fluctuations.
Operationally, Upbound Group's total assets decreased to $3.13 billion as of March 31, 2026, down from $3.28 billion at the end of 2025. The company reported a decrease in cash and cash equivalents to $98.4 million, alongside a reduction in accounts payable and accrued liabilities. The total headcount remained stable, with no significant changes reported. The company continues to focus on enhancing its technology and data-driven solutions, particularly through the integration of Brigit's financial health products into its offerings.
Looking ahead, Upbound Group expressed optimism about its growth strategy, emphasizing the importance of expanding its customer base and enhancing its product offerings. The company plans to leverage its recent acquisitions and improve its e-commerce capabilities to drive future revenue growth. However, it also acknowledged the potential impact of ongoing macroeconomic challenges, including inflation and changes in consumer behavior, on its operations and financial performance. The company remains committed to managing these risks while pursuing its strategic initiatives to elevate financial opportunities for underserved consumers.
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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