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Segment Information
 6 Months Ended
Jun. 30, 2025
Segment Information [Abstract]  
Segment Information 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 operating performance of our operating segments as compared to Company projections and operating performance in prior 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 transactions, geographic location and store ownership. Within our operating segments, we offer merchandise for lease from certain basic product categories, such as: furniture, including mattresses; tires; consumer electronics; appliances; tools; handbags; computers; and accessories. On January 31, 2025, we established a new operating segment following the acquisition of Brigit. Please reference Note 2 for additional discussion of the acquisition. In addition we combined our Franchising segment with our Rent-A-Center segment. Financial information disclosed within this report has been recast for the related prior year period to reflect this change. We report four operating segments: Acima, Rent-A-Center, Brigit and Mexico.
Segment information as of and for the three and six months ended June 30, 2025 and 2024 is as follows:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2025202420252024
Revenues
Acima$618,967 $552,794 $1,256,254 $1,114,140 
Rent-A-Center
467,118 502,848 956,143 1,016,902 
Brigit51,890 — 83,751 — 
Mexico19,561 20,868 37,751 41,435 
Total revenues$1,157,536 $1,076,510 $2,333,899 $2,172,477 
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2025202420252024
Gross profit
Acima$194,989 $179,611 $381,440 $348,913 
Rent-A-Center316,958 337,337 639,784 682,387 
Brigit45,904 — 73,759 — 
Mexico13,974 15,011 26,971 29,727 
Total gross profit$571,825 $531,959 $1,121,954 $1,061,027 
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2025202420252024
Operating labor
Acima$24,403 $26,618 $48,393 $52,565 
Rent-A-Center119,127 124,804 239,325 252,021 
Brigit1,065 — 1,781 — 
Mexico4,497 4,759 8,760 9,731 
Total operating labor$149,092 $156,181 $298,259 $314,317 
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2025202420252024
Non-labor operating expenses
Acima(1)
$76,741 $71,279 $153,643 $149,438 
Rent-A-Center(2)
119,532 126,768 241,911 256,541 
Brigit(3)
28,300 — 42,747 — 
Mexico5,571 5,898 10,854 11,768 
Total non-labor operating expenses$230,144 $203,945 $449,155 $417,747 
(1)    Includes Lease Charge-Offs ("LCOs") of $57.6 million and $53.2 million for the three months ended June 30, 2025 and 2024, respectively, and $114.3 million and $107.2 million for the six months ended June 30, 2025 and 2024, respectively.
(2)    Includes LCOs of $20.0 million and $19.3 million for the three months ended June 30, 2025 and 2024, respectively, and $40.4 million and $41.5 million for the six months ended June 30, 2025 and 2024, respectively.
(3)     Includes net advance losses of $10.4 million and $15.4 million for the three and six months ended June 30, 2025.
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2025202420252024
Depreciation and amortization
Acima(1)
$353 $382 $707 $672 
Rent-A-Center5,238 4,816 10,665 9,842 
Brigit(2)
18 — 29 — 
Mexico484 388 921 734 
Total operating segments6,093 5,586 12,322 11,248 
Corporate(3)
6,890 7,032 12,913 14,843 
Total depreciation and amortization$12,983 $12,618 $25,235 $26,091 
(1) Excludes amortization expense of approximately $11.0 million and $21.9 million for the three and six months ended June 30, 2025, respectively, and $10.9 million and $23.6 million for the three and six months ended June 30, 2024, respectively, recorded to other gains and charges in the Condensed Consolidated Statements of Operations, related to intangible assets acquired upon closing of the Acima Holdings acquisition. See Note 9 for additional information.
(2) Excludes amortization expense of approximately $3.9 million and $6.5 million for the three and six months ended June 30, 2025, respectively, recorded to other gains and charges in the Condensed Consolidated Statements of Operations, related to intangible assets acquired upon closing of the Brigit acquisition. See Note 9 for additional information.
(3) Excludes depreciation expense of approximately $6.3 million and $11.8 million for the three and six months ended June 30, 2025, respectively, and $5.5 million and $14.0 million for the three and six months ended June 30, 2024, respectively, recorded to other gains and charges in the Condensed Consolidated Statements of Operations. See Note 9 for additional information.
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2025202420252024
Operating profit(1)
Acima(2)
$82,003 $69,991 $155,711 $121,902 
Rent-A-Center(3)
63,001 71,562 129,416 149,700 
Brigit(4)
10,472 — 19,301 — 
Mexico(5)
1,936 1,559 3,159 3,255 
Total operating segments157,412 143,112 307,587 274,857 
Corporate(6)(7)
(106,678)(62,457)(194,238)(132,440)
Total operating profit$50,734 $80,655 $113,349 $142,417 
(1) The calculation of operating profit by segment includes other segment items related to general and administrative expenses and other gains and charges excluded from the above segment expense tables but documented further in the footnotes below. In addition, please reference Note 9 for additional descriptions of other gains and charges.
(2) Includes other segment items of approximately $11.5 million and $23.0 million for the three and six months ended June 30, 2025, respectively, and $11.3 million and $24.3 million for the three and six months ended June 30, 2024, respectively.
(3) Includes other segment items of approximately $10.1 million and $18.5 million for the three and six months ended June 30, 2025, respectively, and $9.4 million and $14.3 million for the three and six months ended June 30, 2024, respectively.
(4) Includes other segment items of approximately $6.0 million and $9.9 million for the three and six months ended June 30, 2025, respectively.
(5) Includes other segment items of $1.5 million and $3.3 million for the three and six months ended June 30, 2025, respectively, and $2.4 million and $4.2 million for the three and six months ended June 30, 2024, respectively.
(6) Includes other gains and charges of $50.5 million and $80.0 million for the three and six months ended June 30, 2025, respectively, and $8.2 million and $21.7 million for the three and six months ended June 30, 2024, respectively.
(7)Includes stock compensation expense of $6.4 million and $10.5 million for the three and six months ended June 30, 2025, respectively, and $4.9 million recognized for the six months ended June 30, 2024, respectively, related to common stock issued to employees under restricted stock agreements as part of acquisition consideration subject to vesting restrictions as described in Note 11.

Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2025202420252024
Capital expenditures
Acima$118 $989 $430 $1,208 
Rent-A-Center5,626 6,263 8,117 10,454 
Brigit259 — 305 — 
Mexico1,135 706 1,779 1,498 
Total operating segments7,138 7,958 10,631 13,160 
Corporate11,109 6,469 18,192 13,084 
Total capital expenditures$18,247 $14,427 $28,823 $26,244 
(in thousands)June 30, 2025December 31, 2024
On rent rental merchandise, net
Acima$680,847 $693,095 
Rent-A-Center390,852 420,382 
Mexico23,917 21,383 
Total on rent rental merchandise, net$1,095,616 $1,134,860 
(in thousands)June 30, 2025December 31, 2024
Held for rent rental merchandise, net
Acima$267 $261 
Rent-A-Center93,318 104,302 
Mexico12,056 9,359 
Total held for rent rental merchandise, net$105,641 $113,922 
(in thousands)June 30, 2025December 31, 2024
Assets by segment
Acima$1,266,440 $1,301,657 
Rent-A-Center921,415 977,787 
Brigit434,618 — 
Mexico53,337 47,608 
Total operating segments2,675,810 2,327,052 
Corporate419,630 322,610 
Total assets$3,095,440 $2,649,662