Quarterly ResultApr 30, 2026, 07:22 AM
UPBD Q1 Revenue +3.7% to $1.2B; Adj. EBITDA +7.9%; EPS $1.08
AI Summary
Upbound Group, Inc. reported solid first-quarter 2026 results, with consolidated revenue increasing 3.7% to $1.22 billion and non-GAAP diluted EPS rising to $1.08. The company achieved its guidance targets, driven by strong growth in Brigit revenue and improved lease charge-off rates at Acima, despite a challenging operating environment for non-prime consumers. Upbound reaffirmed its full-year 2026 financial outlook and provided guidance for the second quarter.
Key Highlights
- Consolidated revenue increased 3.7% year-over-year to $1.22 billion.
- Non-GAAP diluted EPS rose to $1.08 from $1.00 year-over-year.
- Adjusted EBITDA grew 7.9% year-over-year to $136.1 million.
- Brigit revenue surged over 40% year-over-year to $67.7 million, with paying subscribers up 26.7%.
- Acima's lease charge-off rate improved to 8.8%, down 130 basis points sequentially.
- Rent-A-Center same store sales grew 0.4% year-over-year.
- Generated $171 million in net cash from operating activities, up $23 million year-over-year.
- Reaffirmed FY2026 guidance: revenue $4.70B-$4.95B, Adj. EBITDA $500M-$535M, non-GAAP EPS $4.00-$4.35.