Upbound (UPBD) financial statements
Upbound reported revenue of $4.7B in fiscal 2025, up 5.2% a year over 9 years.
Net income was $73M and the operating margin 4.8%, against -2.2% in 2016.
Free cash flow was $239M, and the company returned $88M in dividends.
The diluted share count rose 10% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Upbound's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.0B | $2.7B | $2.7B | $2.7B | $2.8B | $4.6B | $4.2B | $4.0B | $4.3B | $4.7B |
| Cost of revenue | $1.0B | $984M | $972M | $1.0B | $1.1B | $2.3B | $2.2B | $2.0B | $2.2B | $2.4B |
| Gross profit | $1.9B | $1.7B | $1.7B | $1.6B | $1.7B | $2.2B | $2.1B | $2.0B | $2.1B | $2.3B |
| Selling, general and admin | $169M | $171M | $163M | $143M | $153M | $195M | $186M | $202M | $212M | $232M |
| Operating income | -$67M | -$63M | $56M | $254M | $237M | $281M | $149M | $163M | $292M | $223M |
| Interest expense | $47M | $46M | $43M | $31M | $15M | $71M | $88M | $113M | $111M | $113M |
| Pre-tax income | -$113M | -$110M | $14M | $224M | $223M | $194M | $61M | $53M | $178M | $108M |
| Income tax | -$8M | -$117M | $5M | $50M | $15M | $59M | $49M | $58M | $54M | $35M |
| Net income | -$105M | $7M | $8M | $174M | $208M | $135M | $12M | -$5M | $123M | $73M |
| EPS (diluted) | -$1.98 | $0.12 | $0.16 | $3.10 | $3.73 | $2.02 | $0.21 | -$0.09 | $2.21 | $1.25 |
| Diluted shares | 53M | 54M | 55M | 56M | 56M | 67M | 59M | 55M | 56M | 59M |
| Gross margin | 65.3% | 63.6% | 63.5% | 61.6% | 59.4% | 48.8% | 49.0% | 50.7% | 48.1% | 48.4% |
| Operating margin | -2.2% | -2.3% | 2.1% | 9.5% | 8.4% | 6.1% | 3.5% | 4.1% | 6.7% | 4.8% |
| Net margin | -3.5% | 0.2% | 0.3% | 6.5% | 7.4% | 2.9% | 0.3% | -0.1% | 2.9% | 1.6% |
Balance sheet
Fiscal years, from Upbound's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $95M | $73M | $155M | $70M | $159M | $108M | $144M | $94M | $61M | $121M |
| Property, plant and equipment | $316M | $283M | $226M | $166M | $142M | $308M | $295M | $273M | $254M | $310M |
| Goodwill | $55M | $57M | $57M | $70M | $70M | $290M | $290M | $290M | $290M | $488M |
| Total assets | $1.6B | $1.4B | $1.4B | $1.6B | $1.8B | $3.0B | $2.8B | $2.7B | $2.6B | $3.3B |
| Total liabilities | $1.3B | $1.1B | $1.1B | $1.1B | $1.2B | $2.5B | $2.2B | $2.2B | $2.0B | $2.6B |
| Shareholders' equity | $265M | $272M | $287M | $459M | $592M | $513M | $525M | $560M | $629M | $696M |
| Net debt | -$95M | -$73M | -$155M | -$70M | -$159M | -$108M | -$144M | -$94M | -$61M | -$121M |
Cash flow
Fiscal years, from Upbound's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $354M | $111M | $228M | $215M | $237M | $392M | $468M | $200M | $105M | $306M |
| Capital spending | $61M | $65M | $28M | $21M | $35M | $62M | $61M | $53M | $56M | $67M |
| Free cash flow | $293M | $45M | $200M | $194M | $202M | $330M | $407M | $147M | $48M | $239M |
| Stock-based compensation | $9M | $4M | $6M | $7M | $12M | $148M | $159M | $162M | $36M | $45M |
| Dividends paid | $26M | $13M | $0 | $14M | $63M | $72M | $79M | $83M | $82M | $88M |
| Share buybacks (net) | — | $0 | $0 | -$1M | -$27M | -$390M | -$75M | -$50M | $0 | $0 |
| Free cash flow margin | 9.9% | 1.7% | 7.5% | 7.3% | 7.2% | 7.2% | 9.6% | 3.7% | 1.1% | 5.1% |
| Dividends per share | $0.48 | $0.24 | — | $0.24 | $1.13 | $1.07 | $1.34 | $1.51 | $1.47 | $1.50 |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for UPBD.
Open UPBD in InvestinglyQuestions
What was Upbound's revenue in 2025?
$4.7B in fiscal 2025, from its 10-K filing.
How much free cash flow does Upbound generate?
$239M in fiscal 2025 (operating cash flow minus capital spending).
From Upbound's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.