Results met guidance targets with no surprise — the stock is unlikely to move materially on this print. Watch for Q2 2026 results to see if Acima GMV stabilizes and if Rent-A-Center revenue decline reverses. The 2.6x net leverage and strong cash flow provide downside protection.
Price Chart
Executive Summary
Upbound Group reported Q1 2026 results in line with its own targets: consolidated revenue of $1.22B (+3.7% YoY), GAAP diluted EPS of $0.61, and non-GAAP diluted EPS of $1.08. Brigit revenue grew over 40% YoY and Acima's LCO rate improved to 8.8% (down 130 bps sequentially), but Rent-A-Center revenue declined 1.5% YoY and Acima GMV fell 5.9% YoY. FY 2026 guidance was reaffirmed, providing stability but no upside catalyst.
Key Financial Metrics
Key Facts
- Consolidated revenue of $1,219.7M, up 3.7% YoY from $1,176.4M
- GAAP diluted EPS of $0.61 vs $0.42 YoY; non-GAAP diluted EPS of $1.08 vs $1.00 YoY
- Adjusted EBITDA of $136.1M, up 7.9% YoY from $126.1M
- Brigit revenue of $67.7M (+40.7% YoY on a comparable basis); paying subscribers up 26.7% YoY to 1.56M
- Acima revenue of $648.7M (+1.8% YoY) but GMV declined 5.9% YoY to $427.1M
- Rent-A-Center revenue of $481.6M (-1.5% YoY); same store sales +0.4% YoY
- Net cash from operations of $170.7M, up from $148.0M YoY; free cash flow of $135.9M
- Net leverage ratio improved to 2.6x from 2.9x at year-end 2025
- FY 2026 guidance reaffirmed: revenue $4.70B-$4.95B, Adj. EBITDA $500M-$535M, non-GAAP EPS $4.00-$4.35
- Q2 2026 guidance: revenue $1.10B-$1.20B, Adj. EBITDA $120M-$130M, non-GAAP EPS $1.00-$1.10
Financial Impact
Revenue growth of 3.7% YoY to $1.22B; non-GAAP EPS of $1.08 vs consensus estimate of $1.05 (beat by ~2.9%); GAAP EPS of $0.61 vs $0.42 YoY
Risk Factors
- Acima GMV declined 5.9% YoY, signaling potential demand weakness in the virtual lease-to-own channel
- Rent-A-Center revenue declined 1.5% YoY despite positive same-store sales, indicating store count attrition
- Brigit net advance loss rate increased 110 bps YoY to 3.5%, signaling credit quality deterioration in the fintech segment
- Ongoing legal matters (Multi-State AG investigation, NY AG lawsuit) represent contingent liability risk
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-028583 |
| Exhibit: ex-993upbd2026q1investor.htm | 0001628280-26-028583 |
| Exhibit: ex-991upboundgroupincrep.htm | 0001628280-26-028583 |
| Document: upbd-20260430.htm | 0001628280-26-028583 |
| Document: 0001628280-26-028583-index-headers.html | 0001628280-26-028583 |
| Document: 0001628280-26-028583-index.html | 0001628280-26-028583 |
| Document: 0001628280-26-028583.txt | 0001628280-26-028583 |
| 8-K Data (Synthetic) | 0001628280-26-028583 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 8, 2026 18d ago | SC 13G | $15.69 | awaiting T+20 | — | $16.99 (+8.29%) |
Sep 22, 2026 4w ago | 8-K | $16.78 $16.32 | ▼ −2.74% | ▼ −2.18% | $16.99 (+1.25%) |
Jul 31, 2026 12w ago | ANALYST-DOWNGRADE | $19.39 $19.22 | ▼ −0.88% | ▼ −3.86% | $16.99 (−12.38%) |
Jul 30, 2026 12w ago | 8-K | $20.12 $19.29 | ▼ −4.13% | ▼ −8.09% | $16.99 (−15.56%) |
Jun 3, 2026 20w ago | 8-K | $17.89 $19.89 | ▲ +11.18% | ▲ +12.18% | $16.99 (−5.03%) |
May 19, 2026 22w ago | DEFA14A | $17.07 $17.46 | ▲ +2.28% | ▲ +1.30% | $16.99 (−0.47%) |
May 19, 2026 22w ago | 8-K | $17.07 $17.46 | ▲ +2.28% | ▲ +1.30% | $16.99 (−0.47%) |
Apr 30, 2026 25w ago | 8-K | $19.76 $19.21 | ▼ −2.78% | ▼ −8.01% | $16.99 (−14.02%) |
Apr 21, 2026 26w ago | DEFA14A | $19.78 $17.23 | ▼ −12.89% | ▼ −17.81% | $16.99 (−14.11%) |
US Market Status
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