Upbound Group (UPBD) Q4 2025 earnings summary

Executive summary

• Achieved record full-year revenue of $4.7 billion in 2025, up 8.7% year-over-year, with strong operational and financial performance across all segments and digital-first solutions for underserved consumers.

• Adjusted EBITDA reached $508.8 million, up 7.5% year-over-year, and non-GAAP diluted EPS was $4.13, a 7.8% increase year-over-year.

• Net income was $73.2 million, a decrease of $50.3 million year-over-year, reflecting higher special items and integration costs.

• Acquired Brigit in Q1 2025, expanding digital financial wellness offerings and contributing to segment growth.

• Served over 3.5 million customers across all brands, focusing on digital and data-driven solutions.

Financial highlights

• Q4 2025 consolidated revenue was $1.2 billion, up 10.9% year-over-year; full-year revenue reached $4.7 billion, up 8.7%.

• Q4 adjusted EBITDA was $125.9 million (up 2.6%); full-year adjusted EBITDA was $508.8 million, up 7.5%.

• Free cash flow for 2025 was $180.5 million, up from $48.4 million in 2024; net cash from operating activities was $306 million, the highest since 2022.

• Non-GAAP diluted EPS was $4.13, up $0.30 year-over-year; Q4 non-GAAP EPS was $1.01.

• Net income declined to $73.2 million, down $50.3 million from the prior year.

Outlook and guidance

• 2026 consolidated revenue expected at $4.7–$4.95 billion, adjusted EBITDA at $500–$535 million, and non-GAAP EPS at $4–$4.35.

• Free cash flow projected to increase to ~$200 million, aided by tax legislation benefits.

• Q1 2026 guidance: revenue $1.16–$1.26 billion, adjusted EBITDA $120–$130 million, non-GAAP EPS $1.05–$1.15.

• Management expects continued cash flow growth and further debt and leverage reduction.

• Acima GMV and revenue to grow mid-single digits; Brigit revenue to grow over 30% to $265–$285 million; Rent-A-Center revenue expected flat to positive.