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Upbound Group (UPBD) Q2 2025 earnings results (second quarter 2025)

10-Q filed Jul 31, 2025

Upbound Group (UPBD) reported revenue of $1.2B for the second quarter 2025 (Q2 2025), +8% from a year earlier and -2% from the quarter before. Operating margin was 4.4%, net earnings $15.5M (1.3% of revenue).

Revenue$1.2B
Year over year+8%
Quarter over quarter-2%
Operating margin4.4%
Net earnings$15.5M

Upbound Group, Q2 2025: revenue $1.2B (+8% year over year), operating margin 4.4%, net earnings $15.5M, operating cash flow $7.8M. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$1.2B-2%+8%
Gross profit$572M+4%+7%
Operating profit$50.7M-19%-37%
Net earnings$15.5M-38%-54%
Operating cash flow$7.8M-94%-48%

What changed

Revenue was $1.2B in Q2 2025, up 8% year over year and down 2% from the previous quarter.

Gross margin was 49.4%, unchanged from a year earlier. Operating profit was $0.05B, a 4.4% margin (down 3.1 points year over year). Operating profit fell $0.03B even though revenue rose $0.08B versus a year earlier, so costs grew faster than sales. Operating expenses grew 15% against revenue growth of 8%. The fastest-growing cost line was General & admin (+18%). Net earnings were $0.02B, down 54% year over year. The effective tax rate was 32.2%.

Operating cash flow was $0.01B (down 48% year over year), 50% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.05B. Capital expenditures of $0.02B exceeded it, leaving free cash flow of −$0.01B.

Questions

What was Upbound Group's revenue in the second quarter 2025?

Upbound Group (UPBD) reported revenue of $1.2B for the second quarter 2025 (Q2 2025), +8% from a year earlier and -2% from the quarter before.

Was Upbound Group profitable in the second quarter 2025?

Operating profit was $50.7M (4.4% of revenue) and net earnings $15.5M.

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Source: Upbound Group 10-Q on SEC EDGAR.