Upbound Group, Inc. · NASDAQ:UPBD
Upbound — Q1 2026 Earnings Presentation
24 slides from Upbound's earnings presentation, Apr 30, 2026
Slide 1: First Quarter Earnings Review
™ First Quarter Earnings Review April 30, 2026
Slide 2: Disclosures
Disclosures Forward-Looking Statements This communication contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including, among others, statements regarding our goals, plans and projections with respect to our operations, financial posi
Slide 3: Our Mission: Elevating Financial Opportunity for All
Our Mission Elevating Financial Opportunity for All Empowering underserved consumers with seamless, holistic financial tools to improve their financial lives.
Slide 4: Upbound: A Growing, Digital-First Platform
Upbound: A Growing, Digital-First Platform Upbound is a technology and data-driven leader in innovative financial solutions for millions of underserved customers that provides industry-leading lease- to-own platforms and a subscription-based financial wellness app through its operating segments: Aci
Slide 5: Q1 Consolidated Financial Highlights
Q1 Consolidated Financial Highlights $1.2 billion $35.8 million $0.61 Consolidated Revenue Net Income GAAP Diluted EPS +3.7% y/y +$11.0 million y/y +$0.19 y/y $170.7 million $136.1 million $1.08 Net Cash Provided by Adjusted EBITDA1 Non-GAAP Diluted EPS1 Operating Activities +7.9% y/y +$0.08 y/y +$2
Slide 6: Quarterly Consolidated Financial Trends
Quarterly Consolidated Financial Trends Revenue ($M) Net Income ($M) Non-GAAP Diluted EPS1 Adjusted EBITDA1 ($M) 6 1 Non-GAAP financial measure. Refer to definitions and reconciliations elsewhere in this presentation.
Slide 7: Upbound Segments at a Glance
Upbound Segments at a Glance Three Interlocking Engines: Subscription FinTech, Virtual Lease-to-Own, Cash-Generative Rent-to-Own • Acquired by Upbound in Q1 2025 • Industry-leading financial wellness tools that utilize AI-powered cash flow data insights • Subscription offering provides access to inn
Slide 8: Brigit Quarterly Highlights
Brigit Quarterly Highlights Revenue ($M) Paying Users1 (000s) Revenue by Source Net Advance Loss Rate2 ARPU3 * Upbound acquired Brigit on January 31, 2025. 1 Brigit Paying Users: Represents Brigit customers who have an active Plus or Premium account, not delinquent (not 45 days past due) on a cash a
Slide 9: Acima Quarterly Highlights
Acima Quarterly Highlights Revenue ($M) GMV1 ($M) Rental Revenue by Product Category Lease Charge-Off2 Rate Adjusted EBITDA3 ($M) 1 The Company defines Gross Merchandise Volume (GMV) as the retail value in U.S. dollars of merchandise acquired by the Acima segment that is leased to customers through
Slide 10: Rent-A-Center Quarterly Highlights
Rent-A-Center Quarterly Highlights Revenue ($M) Portfolio Value1 Per Store Average ($000s) Rental Revenue by Product Category Lease Charge-Off2 Rate Adjusted EBITDA3 ($M) 1 Lease Portfolio Value: Represents the aggregate dollar value of the expected monthly rental income associated with current acti
Slide 11: Q1 Capital Allocation & Quarter-End Financial Position
Q1 Capital Allocation & Quarter-End Financial Position $170.7 million Net Cash Provided by $465.0 million $1.4 billion Operating Activities Liquidity1 Net Debt2 $16.0 million $23.1 million 2.6x Capital Expenditures Dividends Paid Net Leverage Ratio3 Net cash provided by operating activities, capital
Slide 12: Full Year and Q2 2026 Guidance
Full Year and Q2 2026 Guidance The Company reaffirms the following guidance, provided during our Q4 earnings call, for FY 2026 and provides guidance for Q2 2026 Consolidated Guidance1 Full Year 2026 Second Quarter 2026 Revenues ($B) $4.70 - $4.95 $1.10 - $1.20 Adj. EBITDA Excluding SBC ($M)2 $500 -
Slide 13: Appendix
upb ound Appendix
Slide 14: Reconciliation of Operating Profit to Non-GAAP Operating Profit (March 31, 2026)
Reconciliation of Operating Profit to Non-GAAP Operating Profit, Net Earnings to Net Earnings Excluding Special Items and Non-GAAP Diluted Earnings Per Share Three Months Ended March 31, 2026 Diluted Earnings Before Earnings per (in thousands) Gross Profit Operating Profit Income Tax Tax Expense Net
Slide 15: Reconciliation of Operating Profit to Non-GAAP Operating Profit (March 31, 2025)
Reconciliation of Operating Profit to Non-GAAP Operating Profit, Net Earnings to Net Earnings Excluding Special Items and Non-GAAP Diluted Earnings Per Share Three Months Ended March 31, 2025 Earnings Before Diluted Earnings (in thousands) Gross Profit Operating Profit Income Tax Tax Expense Net Ear
Slide 16: Reconciliation of Net Earnings (Loss) to Adjusted EBITDA (March 31, 2026)
Reconciliation of Net Earnings (Loss) to Adjusted EBITDA (Consolidated and by Segment) Three Months Ended March 31, 2026 (in thousands) Acima Rent-A-Center Brigit Mexico Corporate Consolidated Net earnings (loss) $ 77,266 $ 62,276 $ 18,563 $ (92) $ (122,224) $ 35,789 Plus: Interest expense, net — —
Slide 17: Reconciliation of Net Earnings (Loss) to Adjusted EBITDA (December 31, 2025)
Reconciliation of Net Earnings (Loss) to Adjusted EBITDA (Consolidated and by Segment) Three Months Ended December 31, 2025 (in thousands) Acima Rent-A-Center Brigit Mexico Corporate Consolidated Net earnings (loss) $ 75,573 $ 63,685 $ 6,786 $ 977 $ (127,278) $ 19,743 Plus: Interest expense, net — —
Slide 18: Reconciliation of Net Earnings (Loss) to Adjusted EBITDA (September 30, 2025)
Reconciliation of Net Earnings (Loss) to Adjusted EBITDA (Consolidated and by Segment) Three Months Ended September 30, 2025 (in thousands) Acima Rent-A-Center Brigit Mexico Corporate Consolidated Net earnings (loss) $ 63,687 $ 56,420 $ 4,569 $ 1,314 $ (112,769) $ 13,221 Plus: Interest expense, net
Slide 19: Reconciliation of Net Earnings (Loss) to Adjusted EBITDA (June 30, 2025)
Reconciliation of Net Earnings (Loss) to Adjusted EBITDA (Consolidated and by Segment) Three Months Ended June 30, 2025 (in thousands) Acima Rent-A-Center Brigit Mexico Corporate Consolidated Net earnings (loss) $ 82,003 $ 63,001 $ 10,472 $ 1,936 $ (141,927) $ 15,485 Plus: Interest expense, net — —
Slide 20: Reconciliation of Net Earnings (Loss) to Adjusted EBITDA (March 31, 2025)
Reconciliation of Net Earnings (Loss) to Adjusted EBITDA (Consolidated and by Segment) Three Months Ended March 31, 2025 (in thousands) Acima Rent-A-Center Brigit Mexico Corporate Consolidated Net earnings (loss) $ 73,708 $ 66,415 $ 8,829 $ 1,223 $ (125,382) $ 24,793 Plus: Interest expense, net — —
Slide 21: Supplemental Segment Performance Details – GAAP
Supplemental Segment Performance Details – GAAP Three Months Ended March 31, 2026 Three Months Ended March 31, 2025 (in millions) Acima Rent-A-Center Brigit Mexico Corporate Consolidated (in millions) Acima Rent-A-Center Brigit Mexico Corporate Consolidated Revenue Revenue Rentals and fees $ 489.7 $
Slide 22: Supplemental Segment Performance Details – Including Non-GAAP Adjustments
Supplemental Segment Performance Details – Including Non-GAAP Adjustments Three Months Ended March 31, 2026 Three Months Ended March 31, 2025 (in millions) Acima Rent-A-Center Brigit Mexico Corporate Consolidated (in millions) Acima Rent-A-Center Brigit Mexico Corporate Consolidated Revenue Revenue
Slide 23: Consolidated Net Leverage Ratio
Consolidated Net Leverage Ratio Q1 2026 (in millions, except net leverage ratio) Outstanding debt $ 1,455.6 Less: Cash and cash equivalents 98.4 Net debt 1,357.2 Adjusted EBITDA(1) Q2 2025 133.2 Q3 2025 123.6 Q4 2025 125.9 Q1 2026 136.1 Last twelve months Adjusted EBITDA $ 518.8 Net leverage ratio 2
Slide 24: Reconciliation of Net (Loss) Earnings to Net Earnings Excluding Special Items
Reconciliation of Net (Loss) Earnings to Net Earnings Excluding Special Items, Non-GAAP Diluted Earnings Per Share and Adjusted EBITDA Three Months Ended (in thousands) June 30, 2025 September 30, 2025 December 31, 2025 Net (loss) earnings $ 15,485 $ 13,221 $ 19,743 Plus: Debt refinancing charges —