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Upbound Group cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$147M in Q3 2026 · $434M over twelve months

Operating cash flow$163M
Capital spending−$16.1M
Free cash flow+$147M
Cash / net income4.8×

Analysis

In Q3 2026, Upbound Group generated $163M of operating cash flow and spent $16.1M on capital projects, leaving free cash flow of $147M. That is $77.6M more than in Q3 2025 ($69.4M).

Over the twelve months to Sep 30, 2026, operating cash flow was $499M; the largest uses were net borrowing (+) / repaid (−) ($203M), dividends ($91.6M), other investing ($79.4M); besides operations, cash came from asset & business sales ($931K), shares issued ($298K); the cash balance rose by $18.1M.

Operating cash flow was $163M against net income of $34.3M — 4.8× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$35.3M, prepaid and other assets +$32.9M, deferred taxes +$10.6M.

Free cash flow

Upbound Group: free cash flow by quarterUpbound Group: free cash flow by quarter−$74.0MQ4 2024$137MQ1 2025$7.8MQ2 2025$69.4MQ3 2025$24.0MQ4 2025$155MQ1 2026$108MQ2 2026$147MQ3 2026
Operating cash flow less capital spending.
Upbound Group: operating cash flow against capital spendingUpbound Group: operating cash flow against capital spendingOperating cash flowCapital spending−$61.9M$12.1MQ4 2024$148M$10.6MQ1 2025$26.1M$18.2MQ2 2025$89.9M$20.5MQ3 2025$41.6M$17.5MQ4 2025$171M$16.0MQ1 2026$123M$15.5MQ2 2026$163M$16.1MQ3 2026
Latest (Q3 2026): Operating cash flow $163M, Capital spending $16.1M.

Capital allocation, year by year

Upbound Group: where the cash came from (up) and went (down), by fiscal yearUpbound Group: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $392MFY2021: Net borrowing $1.4BFY2021: Shares issued $12.1MFY2021: Asset sales $4KFY2021: Capital spending −$62.5MFY2021: Acquisitions −$1.3BFY2021: Buybacks −$390MFY2021: Dividends −$71.5M$1.8BFY2021FY2022: Operating cash flow $468MFY2022: Net borrowing −$209MFY2022: Shares issued $1.8MFY2022: Asset sales $52KFY2022: Capital spending −$61.4MFY2022: Acquisitions −$995KFY2022: Buybacks −$75.1MFY2022: Dividends −$79.2M$470MFY2022FY2023: Operating cash flow $200MFY2023: Net borrowing −$68.6MFY2023: Shares issued $2.4MFY2023: Asset sales $2.5MFY2023: Capital spending −$53.4MFY2023: Acquisitions −$39KFY2023: Buybacks −$50.0MFY2023: Dividends −$83.1M$205MFY2023FY2024: Operating cash flow $105MFY2024: Net borrowing −$3.8MFY2024: Shares issued $1.8MFY2024: Asset sales $18.7MFY2024: Capital spending −$56.3MFY2024: Acquisitions −$1.4MFY2024: Dividends −$82.3M$125MFY2024FY2025: Operating cash flow $306MFY2025: Net borrowing $259MFY2025: Shares issued $566KFY2025: Asset sales $61KFY2025: Capital spending −$66.9MFY2025: Acquisitions −$279MFY2025: Dividends −$87.9M$566MFY2025
Over these 5 years operating cash flow totalled $1.5B; the largest uses were acquisitions ($1.6B) and buybacks ($515M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$125M
Debtnone
Net cash$125M

Upbound Group funds itself: free cash flow was $434M over the last twelve months, with $125M of cash and investments and no debt on the balance sheet.

Upbound Group: debt maturities by year (FY2025)Upbound Group: debt maturities by year (FY2025)$264MYear 4$873MAfter year 5
Principal due in each year as disclosed in the annual report, against $125M of cash and investments now.

Where the cash came from and went

Upbound Group: sources (+) and uses (−) of cash, Q3 2026Upbound Group: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$163MNet borrowing (+) / repaid (−)−$77.2MOther investing−$26.4MDividends−$23.5MCash drawn (+) / kept (−)−$19.8MCapital spending−$16.1MExchange rates−$359KAsset & business sales$245KShares issued$2KTaxes on employees’ shares−$1K
Upbound Group: sources (+) and uses (−) of cash, TTM to Q3 2026Upbound Group: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$499MNet borrowing (+) / repaid (−)−$203MDividends−$91.6MOther investing−$79.4MCapital spending−$65.1MOther financing−$37.5MCash drawn (+) / kept (−)−$18.1MTaxes on employees’ shares−$4.9MAsset & business sales$931KAcquisitions−$899KExchange rates$377KShares issued$298K

From profit to cash

Upbound Group: net income to operating cash flow, Q3 2026Upbound Group: net income to operating cash flow, Q3 2026Net income$34.3MDepreciation & amortization$35.3MStock-based pay$6.2MDeferred taxes$10.6MGains on disposals$216KReceivables−$2.3MPayables$7.7MAccrued liabilities−$8.3MPrepaid and other assets$32.9MOperating cash flow$163M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$163M−$16.1M—−$23.5M−$77.2M$2K−$19.8M$147M
Q2 2026$123M−$15.5M—−$22.9M−$17.2M$38K−$6.9M$108M
Q1 2026$171M−$16.0M—−$23.1M−$131M$146K$22.1M$155M
Q4 2025$41.6M−$17.5M−$899K−$22.2M$22.8M$112K−$13.5M$24.0M
Q3 2025$89.9M−$20.5M−$1.9M−$22.2M−$18.0M$292K−$180K$69.4M
Q2 2025$26.1M−$18.2M−$1.3M−$22.1M$32.8M$153K$484K$7.8M
Q1 2025$148M−$10.6M−$275M−$21.4M$222M$9K−$46.5M$137M
Q4 2024−$61.9M−$12.1M−$1.4M−$20.3M$72.8M$475K$24.2M−$74.0M

Upbound Group: income statement and cash flow

Upbound Group, Q3 2026: revenue $1.1B (-2% year over year), operating margin 6.2%. The chart follows the revenue to costs, profit and cash.

Upbound Group: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.