$UPBD
UPBOUND GROUP, INC.
CIK:0000933036|SEC Filings
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Revenues | ||||||
| Rentals and fees | $ 903,704 | $ 904,583 | $ 1,820,129 | $ 1,803,795 | ||
| Merchandise sales | 182,845 | 192,217 | 413,051 | 428,462 | ||
| Subscriptions and fees | 71,144 | 51,890 | 138,814 | 83,751 | ||
| Other | 5,733 | 8,846 | 11,161 | 17,891 | ||
| Total revenues | 1,163,426 | 1,157,536 | 2,383,155 | 2,333,899 | ||
| Cost of revenues | ||||||
| Cost of rentals and fees | 350,561 | 358,058 | 708,188 | 710,604 | ||
| Cost of merchandise sold | 210,940 | 221,667 | 478,832 | 491,349 | ||
| Cost of subscriptions and fees | 7,087 | 5,986 | 14,835 | 9,992 | ||
| Total cost of revenues | 568,588 | 585,711 | 1,201,855 | 1,211,945 | ||
| Gross profit | 594,838 | 571,825 | 1,181,300 | 1,121,954 | ||
| Operating expenses | ||||||
| Operating labor | 152,298 | 149,092 | 301,408 | 298,259 | ||
| Non-labor operating expenses | 260,256 | 230,144 | 510,518 | 449,155 | ||
| General and administrative expenses | 59,675 | 63,410 | 116,765 | 127,197 | ||
| Depreciation and amortization | 13,923 | 12,983 | 28,062 | 25,235 | ||
| Other gains and charges | 54,427 | 65,462 | 92,850 | 108,759 | ||
| Total operating expenses | 540,579 | 521,091 | 1,049,603 | 1,008,605 | ||
| Operating profit | 54,259 | 50,734 | 131,697 | 113,349 | ||
| Interest expense | 25,522 | 28,523 | 52,403 | 56,321 | ||
| Interest income | (521) | (638) | (1,235) | (1,332) | ||
| Earnings before income taxes | 29,258 | 22,849 | 80,529 | 58,360 | ||
| Income tax expense | 7,674 | 7,364 | 23,156 | 18,082 | ||
| Net earnings | $ 21,584 | $ 15,485 | $ 57,373 | $ 40,278 | ||
| Basic earnings per common share | $ 0.37 | $ 0.27 | $ 0.99 | $ 0.72 | ||
| Diluted earnings per common share | [1] | $ 0.37 | $ 0.26 | $ 0.98 | $ 0.69 | |
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Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands |
Jun. 30, 2026 |
Dec. 31, 2025 |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | $ 105,302 | $ 120,528 |
| Receivables, net of allowance for doubtful accounts of $38,393 and $29,661 in 2026 and 2025, respectively | 205,285 | 203,194 |
| Prepaid expenses and other assets | 151,455 | 153,010 |
| Rental merchandise, net | ||
| On rent | 1,085,708 | 1,202,282 |
| Held for rent | 117,222 | 114,525 |
| Merchandise held for installment sale | 4,398 | 5,205 |
| Property assets, net of accumulated depreciation of $565,714 and $556,812 in 2026 and 2025, respectively | 298,087 | 310,126 |
| Operating lease right-of-use assets | 271,605 | 272,692 |
| Deferred tax asset | 57,239 | 56,767 |
| Goodwill | 488,158 | 488,158 |
| Other intangible assets, net | 319,300 | 349,594 |
| Total assets | 3,103,759 | 3,276,081 |
| LIABILITIES | ||
| Accounts payable – trade | 117,616 | 154,042 |
| Accrued liabilities | 416,426 | 461,026 |
| Operating lease liabilities | 284,635 | 286,798 |
| Deferred tax liability | 128,157 | 108,591 |
| Senior debt, net | 978,747 | 1,126,030 |
| Senior notes, net | 444,828 | 443,854 |
| Total liabilities | 2,370,409 | 2,580,341 |
| STOCKHOLDERS' EQUITY | ||
| Common stock, $0.01 par value; 250,000,000 shares authorized; 129,416,989 and 128,996,814 shares issued in June 30, 2026 and December 31, 2025, respectively | 1,131 | 1,127 |
| Additional paid-in capital | 1,598,859 | 1,573,895 |
| Retained earnings | 1,030,244 | 1,018,658 |
| Treasury stock a cost, 71,119,833 and 71,060,928 shares in June 30, 2026 and December 31,2025 | (1,890,966) | (1,890,966) |
| Accumulated other comprehensive loss | (5,918) | (6,974) |
| Total Stockholders' Equity | 733,350 | 695,740 |
| Total Liabilities and Stockholders' Equity | $ 3,103,759 | $ 3,276,081 |