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. (NASDAQ: UPBD) regularly issues news and updates that reflect its role as a technology and data-driven provider of accessible and inclusive financial solutions for underserved consumers. Company announcements describe how its brands, including Acima, Brigit and Rent-A-Center, facilitate consumer transactions across store-based and digital channels in the United States, Mexico and Puerto Rico.
On this news page, readers can find press releases related to Upbound’s financial performance, such as quarterly earnings results and associated conference calls. Recent items include announcements of second and third quarter results, where the company highlights consolidated revenue trends, segment performance for Acima, Brigit and Rent-A-Center, and the use of non-GAAP financial measures like non-GAAP diluted earnings per share, along with explanations of those measures.
Upbound’s news flow also covers corporate actions and capital allocation decisions. The company has announced quarterly cash dividends approved by its board of directors for specified quarters, providing details on dividend amounts and record and payment dates. These releases give investors insight into Upbound’s approach to returning capital to shareholders.
In addition, the company issues news on strategic and organizational developments. Examples include the appointment of a Chief Growth Officer to lead an integrated growth organization focused on marketing, data, analytics, customer experience and product development, and the appointment of a new Executive Vice President – Chief Financial Officer. Upbound also publicizes key partnerships, such as Acima’s exclusive lease-to-own collaboration with Bob’s Discount Furniture, which illustrates how the company extends its financial solutions through retail partners.
Investors, analysts and other interested readers can use this page to follow Upbound’s corporate communications over time, including conference participation announcements, leadership updates, dividend declarations, and information about the performance and expansion of its operating units.
Upbound Group (NASDAQ: UPBD), a technology and data-driven company specializing in accessible financial solutions for underserved consumers, has scheduled its first quarter 2025 financial results announcement. The company will release its Q1 2025 results before market opening on May 1, 2025, followed by a conference call at 9:00 a.m. ET to discuss the performance.
A live webcast of the conference call will be available for interested parties, with presentation materials accessible through the company's investor relations website. A replay of the call will be made available starting May 1 at 1:00 p.m. ET.
Upbound Group (NASDAQ: UPBD) has announced a quarterly cash dividend of $0.39 per share for the second quarter of 2025. The dividend will be distributed on April 22, 2025, to shareholders of record as of April 2, 2025.
The company, which operates as a technology and data-driven leader in accessible financial solutions for underserved consumers, made this announcement following approval from its Board of Directors.
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.