Draft:Upbound Group

Upbound Group, Inc.

Company type	Public
Traded as	Nasdaq: UPBD S&P 600 component
Industry	Financial Institution
Founded	2023 (2023)
Headquarters	Plano, Texas , U.S.
Key people	Mitchell Fadel (CEO) Fahmi Karam (CFO) Ann Davids (CMO) Tran Taylor (CHRO) Bryan Pechersky (EVP) Tiffany Wall (SVP) Dan Glasky (SVP) Anthony Blasquez (EVP) Tyler Montrone (EVP)
Services	Provides elevated financial opportunities and potential for our customers and partners
Revenue	US$4.16 billion (2024)
Operating income	US$163 million (2023)
Net income	US$125 million (2023)
Total assets	US$2.72 billion (2024)
Total equity	US$459 million (2023)
Number of employees	12,970 (2023)
Subsidiaries	Rent-A-Center, Acima Leasing, Home Choice, Get It Now, Rimtyme, RAC MX
Website	www.upbound.com

Upbound Group, Inc. (UBPD) is an omni-channel platform company committed to elevating financial opportunity for all through innovative, inclusive, and technology-driven financial solutions that address the evolving needs and aspirations of consumers. The Company’s customer-facing operating units include industry-leading brands such as Rent-A-Center, Acima Leasing, Get-It-Now, Home Choice, RAC Mexico, and Rimtyme that facilitate consumer transactions across a wide range of store-based and digital retail channels, including over 2,400 company branded retail units across the United States, Mexico and Puerto Rico.

Shift to Upbound Group

In 2023, Rent-A-Center changed the name of its holding company to Upbound Group, Inc., marking a shift toward becoming a more diversified company empowered to offer financial opportunity for all. This change came as Rent-A-Center purchased Acima Leasing signifying a shift in the company's ambitions. This change reflects the company’s commitment to offering not only leasing options, but also alternative financial solutions tailored to customers’ needs. As Upbound Group, Inc., the company aims to support upward mobility for its customers.

Today, Upbound Group, Inc. operates through multiple brands, such as Rent-A-Center or Acima Leasing, allowing it to reach a wide range of consumers both in stores and online. With its new name and an expanded mission, Upbound Group, Inc. continues to focus on providing accessible financial solutions, supporting customers who seek the flexibility to lease, own, and manage their financial options. The company’s strategy represents an ongoing commitment to innovation in financial accessibility for all while maintaining its foundational values of financial opportunities for their customers.

Acquisitions and Diversification

Over the years, Upbound Group Inc. made several strategic acquisitions to diversify and broaden its services. In 2006, it acquired Rent-Way, adding hundreds of locations to its network and expanding its customer base. In 2018, it announced the acquisition of Merchants Preferred, a virtual rent-to-own company that allowed Upbound Group, Inc. to expand into e-commerce and reach new online customers. In December 2020, Upbound Group, Inc. announced that it entered into a definitive agreement to acquire Acima Holdings LLC (now known as Acima Leasing), a leading provider of virtual lease-to-own solutions.

Other Brands

The Upbound Group, Inc. converted its Wisconsin stores to Get-It-Now! And Minnesota stores to Home Choice after a judicial decision held that the state's consumer protection laws defining credit sales included rent-to-own businesses.

Upbound Group Inc. also serves a large portion of Mexico with it's Rent-A-Center MX stores. Currently there are over 120 stores scattered throughout Mexico, offering a variety of rent-to-own products allowing customers in Mexico to lease household items like furniture, appliances, electronics, motorcycles and more.