Fri, May 2, 10:10 AM (21 days ago)
**Upbound Group, Inc. (UPBD) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $1,176.4 million, up 7.3% YoY, driven by Acima and Brigit segments. - **Gross Profit:** $550.1 million, up 4.0% YoY, with a margin of 46.8%. - **Operating Profit:** $62.6 million, up 1.4% YoY, with a margin of 5.3%. - **Net Earnings:** $24.8 million, down 10.5% YoY, due to higher tax expenses. - **EPS:** $0.44 basic, $0.42 diluted, down from $0.51 and $0.50 respectively. - **Cash Flow from Operations:** $137.7 million, up from $45.4 million. **Segment Performance:** - **Acima:** Revenues up 13.5% to $637.3 million, operating profit up 42.0% to $73.7 million. - **Rent-A-Center:** Revenues down 4.9% to $489.0 million, operating profit down 15.0% to $66.4 million. - **Brigit:** New segment, $31.9 million in revenues, $8.8 million in operating profit. - **Mexico:** Revenues down 11.6% to $18.2 million, operating profit down 27.9% to $1.2 million. **Trends & Uncertainties:** - **Macroeconomic Conditions:** Volatile trends may impact financial statements. - **E-commerce Growth:** Increasing e-commerce revenues, but profitability varies. - **Legal Matters:** Ongoing regulatory lawsuits and investigations. - **Acquisitions:** Brigit acquisition completed, integration in progress. **Future Operations Impact:** - **Strategic Initiatives:** Focus on data analytics, technology integration, and market opportunities. - **Liquidity:** Strong cash flow and ABL Credit Facility availability. - **Capital Expenditures:** $10.6 million spent, primarily on technology and property assets. **Key Metrics:** - **GMV:** $454.1 million for Acima, up 8.8% YoY. - **Lease Portfolio Value:** $129.9 million for Rent-A-Center, down 6.8% YoY. - **Same Store Sales:** Rent-A-Center down 2.0% YoY. - **Brigit Paying Users:** 1.23 million, up from 1.12 million in Q4 2024.