Segment Information

3 Months Ended

Mar. 31, 2026

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 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. Financial information disclosed within this report has been recast for the related prior year period to reflect this change. We report financial operating performance under four operating segments: Acima, Rent-A-Center, Brigit and Mexico.

Segment information is as follows:

	Three Months Ended March 31, 2026
(in thousands)	Acima		Rent-A-Center		Brigit		Mexico		Total
Revenues	$	648,690	$	481,605	$	67,670	$	21,764	$	1,219,729
Cost of revenues	454,590		164,406		7,748		6,523		633,267
Gross profit	194,100		317,199		59,922		15,241		586,462
Operating expenses
Operating labor	23,431		118,930		1,260		5,489		149,110
Non-labor operating expenses(1)	81,397		127,832		33,977		7,056		250,262
Depreciation and amortization	404		5,010		26		633		6,073
Other segment expenses(2)	11,602		3,151		6,096		2,155		23,004
Segment operating profit (loss)	77,266		62,276		18,563		(92)		158,013
Corporate									(80,575)
Operating profit									77,438
Interest expense									26,881
Interest income									(714)
Earnings before income taxes									$	51,271

(1)    Includes Lease Charge-Offs of $57.3 million and $21.0 million in the Acima and Rent-A-Center segments, respectively, and net advance losses of $13.9 million in the Brigit segment for the three months ended March 31, 2026.

(2) Includes certain general and administrative expenses and other gains and charges. See Note 8 for additional information regarding other gains and charges.

	Three Months Ended March 31, 2025
(in thousands)	Acima		Rent-A-Center		Brigit		Mexico		Total
Revenues	$	637,287	$	489,025	$	31,861	$	18,190	$	1,176,363
Cost of revenues	450,836		166,199		4,006		5,193		626,234
Gross profit	186,451		322,826		27,855		12,997		550,129
Operating expenses
Operating labor	23,990		120,198		716		4,263		149,167
Non-labor operating expenses(1)	76,902		122,381		14,446		5,282		219,011
Depreciation and amortization	354		5,427		11		437		6,229
Other segment expenses(2)	11,497		8,405		3,853		1,792		25,547
Segment operating profit	73,708		66,415		8,829		1,223		150,175
Corporate									(87,560)
Operating profit									62,615
Interest expense									27,798
Interest income									(694)
Earnings before income taxes									$	35,511

(1) Includes Lease Charge-Offs of $56.7 million and $20.4 million in the Acima and Rent-A-Center segments, respectively, and net advance losses of $5.0 million in the Brigit segment for the three months ended March 31, 2025.

(2) Includes certain general and administrative expenses and other gains and charges. See Note 8 for additional information regarding other gains and charges.

	Three Months Ended March 31,
(in thousands)	2026		2025
Capital expenditures
Acima	$	—	312
Rent-A-Center	1,428		2,491
Brigit	41		46
Mexico	1,160		644
Total operating segments	2,629		3,493
Corporate	13,335		7,083
Total capital expenditures	$	15,964	$	10,576

(in thousands)	March 31, 2026		December 31, 2025
On rent rental merchandise, net
Acima	$	622,975	$	710,844
Rent-A-Center	450,794		465,076
Mexico	25,290		26,362
Total on rent rental merchandise, net	$	1,099,059	$	1,202,282

(in thousands)	March 31, 2026		December 31, 2025
Held for rent rental merchandise, net
Acima	$	177	$	164
Rent-A-Center	114,965		100,893
Mexico	12,515		13,468
Total held for rent rental merchandise, net	$	127,657	$	114,525

(in thousands)	March 31, 2026		December 31, 2025
Assets by segment
Acima	$	1,176,473	$	1,280,771
Rent-A-Center	991,575		1,016,293
Brigit	426,374		430,232
Mexico	58,486		62,602
Total operating segments	2,652,908		2,789,898
Corporate	475,209		486,183
Total assets	$	3,128,117	$	3,276,081