Upbound Group, Inc. (UPBD) Balance Sheet
UPBD balance sheet, 2025
December 31, 2025 · U.S. dollars$3.28B assets = $2.58B liabilities + $695.7M equity
Both columns are drawn to the same scale: what UPBD owns equals what it owes plus shareholders’ equity. Hover a block for its value.
UPBD financial health
Descriptive bands, not a rating. Fiscal 2025.
UPBD balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.60B2016 | $3.28B2025 | +8.3%/yr | |
| Total liabilities | $1.34B2016 | $2.58B2025 | +7.6%/yr | |
| Shareholders’ equity | $264.9M2016 | $695.7M2025 | +11.3%/yr | |
| Cash & short-term investments | $95.4M2016 | $120.5M2025 | +2.6%/yr | |
| Total debt | $724.2M2016 | $1.86B2025 | +11.0%/yr | |
| Net cash (debt) | −$628.8M2016 | −$1.74B2025 | −$1.1B | |
| Working capital | −$101.2M2016 | $1.08B2025 | +$1.2B | |
| Book value per share | $4.992016 | $11.872025 | +10.1%/yr | |
| Current ratio | 0.692016 | 2.522025 | +1.83 | |
| Debt / equity | 2.732016 | 2.672025 | −0.06 | |
| Shares outstanding | 53.1M2016 | 58.6M2025 | +1.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
UPBD assets
UPBD liabilities and equity
UPBD debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
UPBD balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $120.5M | $60.9M | $93.7M | $144.1M | $108.3M | $159.4M | $70.5M | $155.4M | $73.0M | $95.4M |
| Cash & equivalents | $120.5M | $60.9M | $93.7M | $144.1M | $108.3M | $159.4M | $70.5M | $155.4M | $73.0M | $95.4M |
| Receivables | $203.2M | $156.4M | $111.0M | $111.9M | $126.4M | $90.0M | $84.1M | $69.6M | $69.8M | $69.8M |
| Inventory | $1.32B | $5.5M | $1.24B | $7.0M | $6.4M | $5.4M | $4.9M | $3.8M | $869.0M | $3.6M |
| Other current assets | $153.0M | $1.29B | $50.3M | $0 | $63.5M | $50.0M | $46.0M | $51.4M | $0 | $55.0M |
| Total current assets | $1.80B | $1.52B | $1.50B | $263.0M | $304.6M | $304.9M | $205.5M | $280.2M | $211.4M | $223.8M |
| Property, plant & equipment (net) | $582.8M | $519.7M | $562.8M | $1.72B | $1.91B | $1.33B | $1.28B | $1.03B | $1.15B | $1.32B |
| Goodwill & intangible assets | $837.8M | $545.4M | $591.1M | $649.2M | $712.1M | $78.1M | $79.0M | $57.3M | $57.5M | $60.6M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $56.8M | $69.4M | $72.0M | $129.0M | $71.2M | $33.8M | $14.9M | $25.6M | $0 | $0 |
| Total assets | $3.28B | $2.65B | $2.72B | $2.76B | $2.99B | $1.75B | $1.58B | $1.40B | $1.42B | $1.60B |
| Liabilities | ||||||||||
| Accounts payable | $154.0M | $115.5M | $177.2M | $155.4M | $135.7M | $186.1M | $168.1M | $113.8M | $90.4M | $108.2M |
| Short-term debt | $100.1M | $101.4M | $107.3M | $113.4M | $115.3M | $109.9M | $118.7M | — | $5.7M | — |
| Deferred revenue | $63.5M | $65.0M | $72.6M | $74.0M | $71.4M | $61.1M | $52.6M | $53.3M | $51.7M | $58.3M |
| Total current liabilities | $715.1M | $521.1M | $607.4M | $445.2M | $369.9M | $388.1M | $395.6M | $330.0M | $283.6M | $325.0M |
| Long-term debt | $1.57B | $1.31B | $1.31B | $1.37B | $1.57B | $190.5M | $230.9M | $0 | $0 | $0 |
| Lease obligations | $286.8M | $273.0M | $293.4M | $305.6M | $296.5M | $285.4M | $285.0M | — | — | — |
| Other long-term liabilities | $295.3M | $190.0M | $247.0M | $424.4M | $539.0M | $580.3M | $497.3M | $780.4M | $864.8M | $1.01B |
| Total liabilities | $2.58B | $2.02B | $2.16B | $2.24B | $2.48B | $1.16B | $1.12B | $1.11B | $1.15B | $1.34B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M |
| Retained earnings (deficit) | $1.02B | $1.04B | $994.9M | $1.08B | $1.14B | $1.09B | $947.9M | $805.9M | $798.7M | $800.6M |
| Accumulated other comprehensive income | −$7.0M | −$11.2M | −$4.4M | −$10.6M | −$12.4M | −$11.4M | −$10.7M | −$11.3M | −$11.0M | −$16.2M |
| Total shareholders' equity | $695.7M | $629.0M | $560.4M | $525.1M | $513.3M | $592.1M | $459.0M | $286.5M | $272.4M | $264.9M |
| Key figures | ||||||||||
| Total debt | $1.86B | $1.58B | $1.60B | $1.48B | $1.69B | $300.4M | $516.0M | $540.0M | $672.9M | $724.2M |
| Net cash (debt) | −$1.74B | −$1.52B | −$1.51B | −$1.34B | −$1.58B | −$140.9M | −$445.5M | −$384.7M | −$599.9M | −$628.8M |
| Working capital | $1.08B | $994.0M | $888.0M | −$182.2M | −$65.3M | −$83.2M | −$190.1M | −$49.7M | −$72.2M | −$101.2M |
| Tangible book value | −$142.0M | $83.5M | −$30.8M | −$124.0M | −$198.8M | $514.0M | $380.0M | $229.2M | $214.9M | $204.4M |
| Book value per share | $11.87 | $11.25 | $10.19 | $8.91 | $7.68 | $10.62 | $8.20 | $5.25 | $5.06 | $4.99 |
| Shares outstanding | 58.6M | 55.9M | 55.0M | 59.0M | 66.8M | 55.8M | 56.0M | 54.5M | 53.8M | 53.1M |
| Current ratio | 2.52 | 2.91 | 2.46 | 0.59 | 0.82 | 0.79 | 0.52 | 0.85 | 0.75 | 0.69 |
| Quick ratio | 0.45 | 0.42 | 0.34 | 0.58 | 0.63 | 0.64 | 0.39 | 0.68 | 0.50 | 0.51 |
| Debt / equity | 2.67 | 2.52 | 2.86 | 2.82 | 3.29 | 0.51 | 1.12 | 1.88 | 2.47 | 2.73 |
| Equity / assets | 21.2% | 23.7% | 20.6% | 19.0% | 17.1% | 33.8% | 29.0% | 20.5% | 19.2% | 16.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $105.3M | $98.4M | $120.5M | $107.0M | $106.8M | $107.3M | $60.9M | $85.1M | $82.5M | $84.8M | $93.7M | $105.7M |
| Cash & equivalents | $105.3M | $98.4M | $120.5M | $107.0M | $106.8M | $107.3M | $60.9M | $85.1M | $82.5M | $84.8M | $93.7M | $105.7M |
| Receivables | $205.3M | $195.4M | $203.2M | $203.2M | $189.9M | $136.2M | $156.4M | $121.6M | $115.2M | $108.4M | $111.0M | $104.8M |
| Inventory | $4.4M | $5.1M | $1.32B | $5.4M | $1.21B | $1.18B | $1.25B | $1.15B | $1.20B | $1.19B | $1.24B | $5.5M |
| Other current assets | $151.5M | $143.1M | $153.0M | $180.7M | $81.9M | $99.5M | $43.5M | $74.4M | $52.0M | $42.7M | $50.3M | $0 |
| Total current assets | $466.4M | $442.0M | $1.80B | $496.2M | $1.58B | $1.52B | $1.52B | $1.43B | $1.45B | $1.43B | $1.50B | $105.7M |
| Property, plant & equipment (net) | $1.77B | $1.81B | $582.8M | $1.80B | $586.5M | $269.3M | $519.7M | $527.4M | $534.4M | $546.7M | $562.8M | $1.66B |
| Goodwill & intangible assets | $807.5M | $822.6M | $837.8M | $852.0M | $865.8M | $882.1M | $545.4M | $555.9M | $567.1M | $578.2M | $591.1M | $605.7M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $57.2M | $56.7M | $56.8M | $58.6M | $58.6M | $370.8M | $69.4M | $68.7M | $69.8M | $71.8M | $72.0M | $250.1M |
| Total assets | $3.10B | $3.13B | $3.28B | $3.21B | $3.10B | $3.04B | $2.65B | $2.58B | $2.62B | $2.63B | $2.72B | $2.63B |
| Liabilities | ||||||||||||
| Accounts payable | $117.6M | $111.4M | $154.0M | $149.0M | $110.9M | $119.1M | $115.5M | $124.8M | $114.0M | $119.8M | $177.2M | $132.4M |
| Short-term debt | $284.6M | $288.5M | $100.1M | $286.7M | $281.4M | $275.9M | $101.4M | $277.3M | $283.8M | — | $107.3M | $29.5M |
| Deferred revenue | $59.3M | $61.8M | $63.5M | $59.1M | $63.8M | $66.8M | $65.0M | $66.2M | $70.0M | $72.9M | $72.6M | $56.6M |
| Total current liabilities | $534.0M | $562.8M | $715.1M | $560.5M | $526.6M | $504.0M | $521.1M | $406.8M | $382.1M | $428.2M | $607.4M | $432.0M |
| Long-term debt | $1.42B | $1.44B | $1.57B | $1.55B | $1.57B | $1.53B | $1.31B | $1.24B | $1.32B | $1.29B | $1.31B | $1.24B |
| Lease obligations | $284.6M | $288.5M | $286.8M | $286.7M | $281.4M | $275.9M | $273.0M | $277.3M | $283.8M | $288.1M | $293.4M | $299.5M |
| Other long-term liabilities | $412.8M | $410.0M | $295.3M | $417.8M | $316.8M | $327.4M | $190.0M | $324.2M | $326.2M | $331.5M | $240.6M | $0 |
| Total liabilities | $2.37B | $2.41B | $2.58B | $2.52B | $2.41B | $2.36B | $2.02B | $1.97B | $2.02B | $2.05B | $2.16B | $299.5M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M |
| Retained earnings (deficit) | $1.03B | $1.03B | $1.02B | $1.02B | $1.03B | $1.04B | $1.04B | $1.03B | $1.02B | $1.00B | $994.9M | $1.03B |
| Accumulated other comprehensive income | −$5.9M | −$7.2M | −$7.0M | −$8.2M | −$8.9M | −$11.3M | −$11.2M | −$10.1M | −$7.5M | −$3.7M | −$4.4M | −$6.1M |
| Total shareholders' equity | $733.4M | $715.7M | $695.7M | $687.3M | $685.5M | $679.2M | $629.0M | $611.8M | $596.3M | $578.3M | $560.4M | $597.2M |
| Key figures | ||||||||||||
| Total debt | $1.71B | $1.73B | $1.86B | $1.83B | $1.85B | $1.81B | $1.58B | $1.51B | $1.60B | $1.58B | $1.60B | $1.27B |
| Net cash (debt) | −$1.60B | −$1.63B | −$1.74B | −$1.73B | −$1.74B | −$1.70B | −$1.52B | −$1.43B | −$1.52B | −$1.49B | −$1.51B | −$1.16B |
| Working capital | −$67.6M | −$120.8M | $1.08B | −$64.3M | $1.06B | $1.02B | $994.0M | $1.02B | $1.07B | $1.00B | $888.0M | −$326.2M |
| Tangible book value | −$74.1M | −$106.9M | −$142.0M | −$164.7M | −$180.2M | −$202.9M | $83.5M | $55.9M | $29.2M | $59,000 | −$30.8M | −$8.4M |
| Book value per share | $12.53 | $12.23 | $11.89 | $11.67 | $11.69 | $11.64 | $11.26 | $10.96 | $10.68 | $10.36 | $10.31 | $10.51 |
| Shares outstanding | 58.5M | 58.5M | 58.5M | 58.9M | 58.7M | 58.4M | 55.8M | 55.8M | 55.8M | 55.8M | 54.4M | 56.9M |
| Current ratio | 0.87 | 0.79 | 2.52 | 0.89 | 3.01 | 3.02 | 2.91 | 3.51 | 3.79 | 3.34 | 2.46 | 0.24 |
| Quick ratio | 0.58 | 0.52 | 0.45 | 0.55 | 0.56 | 0.48 | 0.42 | 0.51 | 0.52 | 0.45 | 0.34 | 0.49 |
| Debt / equity | 2.33 | 2.41 | 2.67 | 2.67 | 2.70 | 2.66 | 2.52 | 2.47 | 2.68 | 2.73 | 2.86 | 2.12 |
| Equity / assets | 23.6% | 22.9% | 21.2% | 21.4% | 22.1% | 22.3% | 23.7% | 23.7% | 22.8% | 22.0% | 20.6% | 22.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 23, 2026); data from EODHD.
UPBD financial position
At the end of fiscal 2025 (December 31, 2025), Upbound had total assets of $3.3 billion (up 23.6% from a year earlier), total liabilities of $2.6 billion and shareholders' equity of $695.7 million. It held $120.5 million in cash and short-term investments against $1.9 billion of debt, net debt of $1.7 billion. Its current ratio was 2.52. In the latest quarter (ended June 30, 2026) total assets were $3.1 billion and equity $733.4 million.
Related: UPBD income statement, UPBD cash flow statement, UPBD key metrics. See the UPBD stock overview for the latest quote and news.
UPBD balance sheet FAQ
What are Upbound's total assets?
Upbound reported total assets of $3.3 billion at the end of fiscal 2025 (December 31, 2025), compared with $2.6 billion a year earlier.
How much debt does Upbound have?
Upbound had $1.9 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 2.67.
How much cash does Upbound have?
Upbound held $120.5 million in cash and short-term investments at the end of fiscal 2025; with $1.9 billion of debt that is net debt of $1.7 billion.
What is Upbound's book value?
Upbound's shareholders' equity (book value) was $695.7 million at the end of fiscal 2025, or $11.87 per share.
What is Upbound's current ratio?
Upbound had current assets of $1.8 billion and current liabilities of $715.1 million, a current ratio of 2.52 (it can cover its short-term obligations).
How much goodwill does Upbound have?
Upbound carried $837.8 million of goodwill and intangible assets, 25.6% of total assets, at the end of fiscal 2025.