Overview

• US financial solutions provider's Q1 revenue rose 3.7% yr/yr but missed analyst expectations

• Brigit unit revenue grew over 40% yr/yr, driven by subscriber and ARPU gains

• Company reaffirmed its 2026 full-year revenue, adjusted EBITDA, and non-GAAP EPS outlook

Outlook

• Upbound reaffirms 2026 revenue guidance of $4.70 bln to $4.95 bln

• Company expects 2026 adjusted EBITDA of $500 mln to $535 mln

• Upbound sees Q2 2026 revenue between $1.1 bln and $1.2 bln

Result Drivers

• BRIGIT EXPANSION - Brigit revenue rose over 40% yr/yr, supported by double-digit growth in paying subscribers and ARPU

• ACIMA CREDIT PERFORMANCE - Acima revenue increased about 1.8% yr/yr, with lease charge-off rate improving 130 basis points sequentially

• RENT-A-CENTER SALES - Rent-A-Center same store sales grew 0.4% yr/yr, with a 20 basis point sequential improvement in lease charge-off rate

Company press release: ID:nBw3VTF8ra

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Revenue	Miss	$1.20 bln	$1.23 bln (7 Analysts)

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the miscellaneous specialty retailers peer group is "buy"

• Wall Street's median 12-month price target for Upbound Group Inc is $28.00, about 47.8% above its April 29 closing price of $18.94

• The stock recently traded at 4 times the next 12-month earnings vs. a P/E of 4 three months ago

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