Recent Updates — UPBD

Upbound Group, Inc. appointed Scott Young as Executive Vice President and Chief Operating Officer effective September 22, 2026. Mr. Young will report to CEO Fahmi Karam and lead strategic alignment across Acima, Brigit, and Rent-A-Center. His compensation includes a $610,000 annual base salary, a target cash bonus of 60% of base, and a one-time sign-on equity award valued at $3,111,000 in Performance Stock Units. The company also announced Dev Chakraborty as Senior Vice President and Head of Brigit to drive growth for the fintech brand. Upbound Group operates in the consumer financial services industry, providing accessible financial solutions through brands like Acima, Brigit, and Rent-A-Center.

Upbound Group reported second quarter 2026 results with consolidated revenue of $1,163.4 million and GAAP diluted EPS of $0.37. The company declared a quarterly cash dividend of $0.39 per share. Brigit segment revenue grew 37% year-over-year to $71.1 million, supported by 1.72 million paying subscribers. Acima generated $603.5 million in revenue with an improved lease charge-off rate of 8.8%. Rent-A-Center achieved same-store sales growth of 1.6% and reported $466.4 million in revenue. Upbound reaffirmed its full-year adjusted EBITDA guidance of $500–$535 million and non-GAAP diluted EPS range of $4.00–$4.35, while narrowing the consolidated revenue forecast to $4.70–$4.85 billion. The company operates in the consumer financial services and lease-to-own retail industry.

Upbound Group, Inc. reported cybersecurity incidents involving unauthorized access to non-sensitive customer information, which facilitated fraudulent lease-to-own agreements. These incidents contributed to approximately $13 million in fraudulent contract losses within the Acima segment during the second quarter of 2026. The company is implementing enhanced authentication and fraud detection measures in coordination with external experts. Upbound Group, Inc. operates in the lease-to-own industry.