Welcome to our dedicated page for UPBOUND GRP news (Ticker: UPBD), a resource for investors and traders seeking the latest updates and insights on UPBOUND GRP stock.
Upbound Group Inc (UPBD) maintains this dedicated news hub for investors and stakeholders tracking developments in lease-to-own financial solutions and omnichannel retail innovation. Our curated collection provides immediate access to official communications, including earnings disclosures, strategic partnerships, and operational updates across all business segments.
This resource serves analysts and institutional investors seeking to monitor UPBD's Acima platform growth, Rent-A-Center store expansions, and Mexico market penetration. Content spans SEC filings, leadership announcements, technology initiatives, and franchising developments – all essential for understanding the company's position in alternative consumer finance.
Key updates include quarterly financial results, merchant network expansions, digital platform enhancements, and regulatory compliance matters. Bookmark this page for streamlined tracking of UPBD's progress in empowering underserved consumers through flexible leasing solutions across physical and digital channels.
Upbound Group's subsidiary Acima Leasing announced that the U.S. Consumer Financial Protection Bureau (CFPB) has voluntarily dismissed its lawsuit against the company with prejudice. The lawsuit, filed in 2024 in Utah's District Court, followed a multi-year investigation that began before Upbound's acquisition of Acima in 2021.
The dismissal comes with no financial penalties, required business practice changes, or other relief measures for Acima. In return, Acima agreed to dismiss its own lawsuit against the CFPB filed in Texas, which challenged the bureau's authority to pursue claims against the company.
Acima, a leading lease-to-own solutions provider, had strongly contested the CFPB's allegations, arguing that the investigation represented an illegal attempt to expand beyond federal law limitations and interfere with state-level lease-to-own industry regulations.
Upbound (NASDAQ: UPBD), a technology and data-driven leader in accessible financial solutions for underserved consumers, has announced its participation in the 46th Annual Raymond James Institutional Investors Conference.
The company's CFO, Fahmi Karam, will engage in a Fireside Chat presentation at the conference, scheduled for Tuesday, March 4, at 2:15 PM ET in Orlando, Florida. Investors and interested parties can access a live webcast of the presentation through the company's investor relations website at https://investor.upbound.com.
Upbound Group (NASDAQ: UPBD) announced a significant leadership transition as CEO Mitch Fadel will retire after 40 years with the company, effective June 1, 2025. Current Executive Vice President and CFO Fahmi Karam will succeed Fadel as CEO and join the Board of Directors.
Under Fadel's leadership, the company transformed from Rent-A-Center's brick-and-mortar focus into Upbound's omni-channel lease-to-own platform, expanding to over 35,000 merchant locations and national e-commerce partners. The company also recently acquired Brigit, a financial health app.
The Board has initiated an internal and external search for a new CFO. Karam brings nearly 25 years of strategic and financial experience to the role. The transition is the result of a deliberate succession planning process, with the Board unanimously selecting Karam as the next CEO.
Upbound Group (NASDAQ: UPBD) has reported its financial results for the fourth quarter and full year ending December 31, 2024. The company achieved total revenue of $1,079 million for the fourth quarter and $4.3 billion for the full year.
GAAP diluted EPS was $0.55 for the fourth quarter and $2.21 for the full year, while Non-GAAP diluted EPS reached $1.05 for the fourth quarter and $3.83 for the full year.
The company, known for its brands Acima®, Brigit™, and Rent-A-Center®, operates over 2,300 retail units across the United States, Mexico, and Puerto Rico. A conference call to discuss these results and the 2025 outlook will be hosted by CEO Mitch Fadel and CFO Fahmi Karam.
Upbound emphasizes the use of non-GAAP financial measures to provide a consistent basis for performance evaluation, although these measures are not a substitute for GAAP metrics.
Full details, including financial tables, are available on Upbound's investor relations website.
Upbound Group (NASDAQ: UPBD) has announced it will release its fourth quarter and full year 2024 financial results before market open on February 20, 2025. The company will host a conference call at 9:00 a.m. ET on the same day to discuss the results. A webcast of the call will be available live and for replay starting at 1:00 p.m. ET. The presentation materials will be accessible on the company's investor relations website.
Upbound Group (NASDAQ: UPBD) has completed its acquisition of Brigit, a financial health technology company, significantly expanding its customer base to approximately four million active customers, including Brigit's over one million active paying subscribers and almost one million free subscribers.
The acquisition enhances Upbound's platform by adding Brigit's all-digital solutions, including earned wage access, credit building products, and financial wellness tools. Brigit's proprietary cash flow underwriting data and technology stack are expected to improve risk management and fraud prevention across Upbound's existing brands, including Acima and Rent-A-Center.
Brigit co-founders Zuben Mathews and Hamel Kothari will continue to lead the Brigit team as a business segment of Upbound. The merger aims to create a more personalized customer experience and deliver targeted financial solutions for underserved consumers.
Upbound Group (NASDAQ: UPBD) has announced a definitive agreement to acquire Brigit, a financial health technology company, for up to $460 million in cash and stock. The transaction includes $325 million payable at closing (75% cash, 25% stock), $75 million in deferred cash over two years, and a potential $60 million earnout based on 2026 performance metrics.
Brigit serves nearly two million monthly active customers, including over one million paying subscribers. The company is projected to generate revenues of $215-230 million in 2025 and $350-400 million in 2026. The acquisition is expected to be accretive to Adjusted EBITDA by $25-30 million in 2025 and $70-80 million in 2026.
The deal is anticipated to close in Q1 2025, expanding Upbound's technology-driven financial solutions and enhancing its risk management capabilities through Brigit's AI/ML models.
Upbound Group (NASDAQ: UPBD), a provider of flexible leasing solutions through brands like Rent-A-Center and Acima, has announced a 5% increase in its quarterly cash dividend. The new dividend of $0.39 per share will be paid on January 7, 2025, to stockholders of record as of December 18, 2024.
Upbound Group (NASDAQ: UPBD) has partnered with Google Cloud to implement advanced AI solutions across its Acima Leasing and Rent-A-Center businesses. The collaboration will utilize Google Cloud's Vertex AI to enhance product accessibility, personalization, and service quality. The AI roadmap focuses on improving customer conversion through website enhancement, expanding leasable goods catalog through real-time identification on retailer websites, and increasing operational efficiency in customer service. The partnership aims to establish a data ecosystem for scaling AI initiatives while ensuring data security and compliance.
Upbound Group (NASDAQ:UPBD) has released its third quarter 2024 financial results, reporting total revenue of $1,069 million. The company achieved GAAP diluted earnings per share of $0.55 and Non-GAAP diluted EPS of $0.95. Upbound operates through brands like Rent-A-Center® and Acima®, managing over 2,300 retail units across the United States, Mexico, and Puerto Rico. The Non-GAAP EPS includes adjustments for special items such as Acima acquired assets depreciation, legal matters, and accelerated stock compensation.
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