Segment Information (Tables)

12 Months Ended

Dec. 31, 2025

Segment information as of and for the years ended December 31, 2025, 2024, and 2023 is as follows:


	Year Ended December 31, 2025
(in thousands)	Acima		Rent-A-Center		Brigit		Mexico		Total

Revenues	$	2,512,484	$	1,897,161	$	206,024	$	79,392	$	4,695,061
Cost of revenues	1,749,595		626,930		23,973		22,854		2,423,352
Gross profit	762,889		1,270,231		182,051		56,538		2,271,709
Operating expenses
Operating labor	98,631		481,403		4,046		18,221		602,301
Non-labor operating expenses(1)	322,002		479,878		124,536		23,502		949,918
Depreciation and amortization	1,456		21,304		75		2,051		24,886
Other segment expenses(2)	45,829		38,125		22,738		7,314		114,006

Segment operating profit	294,971		249,521		30,656		5,450		580,598
Corporate									(357,251)
Operating profit									223,347
Debt refinancing charges									4,894
Interest expense									112,980
Interest income									(2,618)
Earnings before income taxes									$	108,091

(1) Includes Lease Charge-Offs of $238.9 million and $80.8 million in the Acima and Rent-A-Center segments, respectively, and net advance losses of $44.5 million in the Brigit segment for the year ended December 31, 2025.

(2) Includes certain general and administrative expenses and other gains and charges. See Note N for additional information regarding other gains and charges.


	Year Ended December 31, 2024
(in thousands)	Acima	Rent-A-Center		Mexico		Total

Revenues	2,261,446	$	1,980,392	$	78,726	$	4,320,564
Cost of revenues	1,558,826	659,093		22,294		2,240,213
Gross profit	702,620	1,321,299		56,432		2,080,351
Operating expenses
Operating labor	102,981	487,772		18,416		609,169
Non-labor operating expenses(1)	295,588	493,083		22,964		811,635
Depreciation and amortization	1,376	20,508		1,566		23,450
Other segment expenses(2)	47,126	22,776		8,680		78,582

Segment operating profit	255,549	297,160		4,806		557,515
Corporate						(265,884)
Operating profit						291,631
Debt refinancing charges						6,604
Interest expense						110,585
Interest income						(3,099)
Earnings before income taxes						$	177,541

(1) Includes Lease Charge-Offs of $211.8 million and $84.8 million in the Acima and Rent-A-Center segments, respectively, and for the year ended December 31, 2024.

(2) Includes certain general and administrative expenses and other gains and charges. See Note 9 for additional information regarding other gains and charges.


	Year Ended December 31, 2023
(in thousands)	Acima		Rent-A-Center		Mexico		Total

Revenues	$	1,931,325	$	1,986,463	$	74,625	$	3,992,413
Cost of revenues	1,286,878		661,521		21,756		1,970,155
Gross profit	644,447		1,324,942		52,869		2,022,258
Operating expenses
Operating labor	102,910		493,447		17,181		613,538
Non-labor operating expenses(1)	246,344		506,058		23,517		775,919
Depreciation and amortization	1,661		18,962		1,206		21,829
Other segment expenses(2)	58,052		15,870		6,119		80,041

Segment operating profit	235,480		290,605		4,846		530,931
Corporate							(368,066)
Operating profit							162,865

Interest expense							113,418
Interest income							(3,420)
Earnings before income taxes							$	52,867

(1) Includes Lease Charge-Offs of $179.6 million and $79.9 million in the Acima and Rent-A-Center segments, respectively, for the year ended December 31, 2023.

(2) Includes certain general and administrative expenses and other gains and charges. See Note 9 for additional information regarding other gains and charges.


	Year Ended December 31,
(in thousands)	2025		2024		2023
Capital expenditures
Acima	$	434	$	1,560	$	512
Rent-A-Center	17,986		24,209		22,924
Brigit	466		—		—
Mexico	3,703		2,199		2,153
Total operating segments	22,589		27,968		25,589
Corporate	44,274		28,307		27,813
Total capital expenditures	$	66,863	$	56,275	$	53,402


	December 31,
(in thousands)	2025		2024
On rent rental merchandise, net
Acima	$	710,844	$	693,095
Rent-A-Center	465,076		420,382
Mexico	26,362		21,383
Total on rent rental merchandise, net	$	1,202,282	$	1,134,860


	December 31,
(in thousands)	2025		2024
Held for rent rental merchandise, net
Acima	$	164	$	261
Rent-A-Center	100,893		104,302
Mexico	13,468		9,359
Total held for rent rental merchandise, net	$	114,525	$	113,922


	December 31,
(in thousands)	2025		2024
Assets by segment
Acima	$	1,280,771	$	1,301,657
Rent-A-Center	1,016,293		977,787
Mexico	62,602		47,608
Brigit	430,232		—
Total operating segments	2,789,898		2,327,052
Corporate	486,183		322,610
Total assets	$	3,276,081	$	2,649,662


	December 31,
(in thousands)	2025		2024
Assets by country
United States	$	3,213,479	$	2,602,054
Mexico	62,602		47,608

Total assets	$	3,276,081	$	2,649,662


	Year Ended December 31,
(in thousands)	2025		2024		2023
Rentals and fees by category
Furniture and accessories	$	1,356,656	$	1,337,917	$	1,179,919
Consumer electronics	454,016		426,078		486,571
Appliances	412,236		411,720		404,241
Wheels and tires	449,765		447,008		341,174
Jewelry	372,327		302,035		228,081
Personal Electronics	169,573		177,714		181,217

Other products and services	412,446		411,186		440,475
Total rentals and fees	$	3,627,019	$	3,513,658	$	3,261,678


	Year Ended December 31,
(in thousands)	2025		2024		2023
Revenue by country
United States	$	4,615,669	$	4,241,838	$	3,917,788
Mexico	79,392		78,726		74,625

Total revenues	$	4,695,061	$	4,320,564	$	3,992,413

UPBOUND GROUP, INC. 10-K