UPBD earnings analysis
What we found in UPBD's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Upbound Group reported Q1 2026 revenues of $1.22 billion, an increase of 3.7% year-over-year, but slightly below market expectations. EPS was reported at $1.08, surpassing estimates by a small margin, driven primarily by growth in the Acima and Brigit segments, while Rent-A-Center revenues faced a decline. The company's guidance for full-year revenue remains between $4.7 billion and $4.95 billion, indicating continued cautious optimism despite economic headwinds.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Increases
- Total revenue rose to $1.22 billion, up 3.7% from $1.18 billion in Q1 2025.
- Strong EPS Performance
- Reported EPS of $1.08, exceeding consensus estimates of $1.07 by 0.9%.
- Brigit Segment Growth
- Brigit revenues surged 112.4% to $67.7 million, significantly contributing to overall growth.
- Acima Revenue Up
- Acima segment revenues increased by $11.4 million to $648.7 million, showing 1.8% growth.
- Solid Cash Flow
- Operating cash flow of $170.7 million for Q1 2026, an increase from $148 million in Q1 2025.
- Dividend Declared
- Company declared a quarterly dividend of $0.39 per share, paid on April 28, 2026.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Rent-A-Center Revenue Decline
- Rent-A-Center's revenues fell by $7.4 million, or 1.5%, attributed to lower consumer activity.
- Macroeconomic Conditions
- Ongoing economic uncertainties affecting consumer spending may adversely impact operations.
- Merchandise Losses Increase
- Total merchandise losses rose to $94.2 million from $87.5 million, impacting profitability.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $1.08
- Gross margin
- 48.1%
- Operating margin
- 6.3%
- Segment
- Acima - $648.7M
- Segment
- Rent-A-Center - $481.6M
- Segment
- Brigit - $67.7M
- Segment
- Mexico - $21.8M
What they said about what is next.
Full-year 2026 revenue guidance reaffirmed at $4.7B to $4.95B.
The filing reads about the same as the one before it.
What came before.
- 10-K · February 23, 2026
- Upbound completed the Brigit acquisition (Jan 31, 2025) and reported record annual revenue in 2025 of approximately $4.70 billion (sum of quarterly revenue). Revenue and free cash flow improved YoY, but GAAP…
- 10-Q · October 31, 2025
- Upbound reported Q3 revenue of $1,164,717 (in thousands), up from $1,068,859 (in thousands) a year earlier, and delivered a GAAP diluted EPS of $0.22. Gross profit increased to $563,076 (in thousands) and gross margin…
- 10-Q · May 2, 2025
- Upbound reported quarterly revenue of $1,176,363 (in thousands), up $80,396 versus Q1 2024 ($1,095,967). Operating cash flow strengthened to $137,736 (in thousands) and cash balances increased to $107,325 (in…
- 10-Q · October 31, 2024
- Upbound reported Q3 2024 revenue of $1,068,859 (in thousands), up 9.2% versus Q3 2023 and producing a quarter with materially higher operating profit and net income. Gross margin was 47.8% and operating profit was…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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