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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2024
Segment Information [Abstract] |
Segment Information | Segment information as of and for the three and six months ended June 30, 2025 and 2024 is as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) | 2025 |  | 2024 |  | 2025 |  | 2024
Revenues |  |  |  |  |  |  |
Acima | $ | 618,967 |  |  | $ | 552,794 |  |  | $ | 1,256,254 |  |  | $ | 1,114,140 |
Rent-A-Center | 467,118 |  |  | 502,848 |  |  | 956,143 |  |  | 1,016,902 |
Brigit | 51,890 |  |  | — |  |  | 83,751 |  |  | — |
Mexico | 19,561 |  |  | 20,868 |  |  | 37,751 |  |  | 41,435 |
Total revenues | $ | 1,157,536 |  |  | $ | 1,076,510 |  |  | $ | 2,333,899 |  |  | $ | 2,172,477 |
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) | 2025 |  | 2024 |  | 2025 |  | 2024
Gross profit |  |  |  |  |  |  |
Acima | $ | 194,989 |  |  | $ | 179,611 |  |  | $ | 381,440 |  |  | $ | 348,913 |
Rent-A-Center | 316,958 |  |  | 337,337 |  |  | 639,784 |  |  | 682,387 |
Brigit | 45,904 |  |  | — |  |  | 73,759 |  |  | — |
Mexico | 13,974 |  |  | 15,011 |  |  | 26,971 |  |  | 29,727 |
Total gross profit | $ | 571,825 |  |  | $ | 531,959 |  |  | $ | 1,121,954 |  |  | $ | 1,061,027 |
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) | 2025 |  | 2024 |  | 2025 |  | 2024
Operating labor |  |  |  |  |  |  |
Acima | $ | 24,403 |  |  | $ | 26,618 |  |  | $ | 48,393 |  |  | $ | 52,565 |
Rent-A-Center | 119,127 |  |  | 124,804 |  |  | 239,325 |  |  | 252,021 |
Brigit | 1,065 |  |  | — |  |  | 1,781 |  |  | — |
Mexico | 4,497 |  |  | 4,759 |  |  | 8,760 |  |  | 9,731 |
Total operating labor | $ | 149,092 |  |  | $ | 156,181 |  |  | $ | 298,259 |  |  | $ | 314,317 |
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) | 2025 |  | 2024 |  | 2025 |  | 2024
Non-labor operating expenses |  |  |  |  |  |  |
Acima(1) | $ | 76,741 |  |  | $ | 71,279 |  |  | $ | 153,643 |  |  | $ | 149,438 |
Rent-A-Center(2) | 119,532 |  |  | 126,768 |  |  | 241,911 |  |  | 256,541 |
Brigit(3) | 28,300 |  |  | — |  |  | 42,747 |  |  | — |
Mexico | 5,571 |  |  | 5,898 |  |  | 10,854 |  |  | 11,768 |
Total non-labor operating expenses | $ | 230,144 |  |  | $ | 203,945 |  |  | $ | 449,155 |  |  | $ | 417,747 |
(1) Includes Lease Charge-Offs ("LCOs") of $57.6 million and $53.2 million for the three months ended June 30, 2025 and 2024, respectively, and $114.3 million and $107.2 million for the six months ended June 30, 2025 and 2024, respectively. (2) Includes LCOs of $20.0 million and $19.3 million for the three months ended June 30, 2025 and 2024, respectively, and $40.4 million and $41.5 million for the six months ended June 30, 2025 and 2024, respectively. (3) Includes net advance losses of $10.4 million and $15.4 million for the three and six months ended June 30, 2025.
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) | 2025 |  | 2024 |  | 2025 |  | 2024
Depreciation and amortization |  |  |  |  |  |  |
Acima(1) | $ | 353 |  |  | $ | 382 |  |  | $ | 707 |  |  | $ | 672 |
Rent-A-Center | 5,238 |  |  | 4,816 |  |  | 10,665 |  |  | 9,842 |
Brigit(2) | 18 |  |  | — |  |  | 29 |  |  | — |
Mexico | 484 |  |  | 388 |  |  | 921 |  |  | 734 |
Total operating segments | 6,093 |  |  | 5,586 |  |  | 12,322 |  |  | 11,248 |
Corporate(3) | 6,890 |  |  | 7,032 |  |  | 12,913 |  |  | 14,843 |
Total depreciation and amortization | $ | 12,983 |  |  | $ | 12,618 |  |  | $ | 25,235 |  |  | $ | 26,091 |
(1) Excludes amortization expense of approximately $11.0 million and $21.9 million for the three and six months ended June 30, 2025, respectively, and $10.9 million and $23.6 million for the three and six months ended June 30, 2024, respectively, recorded to other gains and charges in the Condensed Consolidated Statements of Operations, related to intangible assets acquired upon closing of the Acima Holdings acquisition. See Note 9 for additional information. (2) Excludes amortization expense of approximately $3.9 million and $6.5 million for the three and six months ended June 30, 2025, respectively, recorded to other gains and charges in the Condensed Consolidated Statements of Operations, related to intangible assets acquired upon closing of the Brigit acquisition. See Note 9 for additional information. (3) Excludes depreciation expense of approximately $6.3 million and $11.8 million for the three and six months ended June 30, 2025, respectively, and $5.5 million and $14.0 million for the three and six months ended June 30, 2024, respectively, recorded to other gains and charges in the Condensed Consolidated Statements of Operations. See Note 9 for additional information.
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) | 2025 |  | 2024 |  | 2025 |  | 2024
Operating profit(1) |  |  |  |  |  |  |
Acima(2) | $ | 82,003 |  |  | $ | 69,991 |  |  | $ | 155,711 |  |  | $ | 121,902 |
Rent-A-Center(3) | 63,001 |  |  | 71,562 |  |  | 129,416 |  |  | 149,700 |
Brigit(4) | 10,472 |  |  | — |  |  | 19,301 |  |  | — |
Mexico(5) | 1,936 |  |  | 1,559 |  |  | 3,159 |  |  | 3,255 |
Total operating segments | 157,412 |  |  | 143,112 |  |  | 307,587 |  |  | 274,857 |
Corporate(6)(7) | (106,678) |  |  | (62,457) |  |  | (194,238) |  |  | (132,440) |
Total operating profit | $ | 50,734 |  |  | $ | 80,655 |  |  | $ | 113,349 |  |  | $ | 142,417 |
(1) The calculation of operating profit by segment includes other segment items related to general and administrative expenses and other gains and charges excluded from the above segment expense tables but documented further in the footnotes below. In addition, please reference Note 9 for additional descriptions of other gains and charges. (2) Includes other segment items of approximately $11.5 million and $23.0 million for the three and six months ended June 30, 2025, respectively, and $11.3 million and $24.3 million for the three and six months ended June 30, 2024, respectively. (3) Includes other segment items of approximately $10.1 million and $18.5 million for the three and six months ended June 30, 2025, respectively, and $9.4 million and $14.3 million for the three and six months ended June 30, 2024, respectively. (4) Includes other segment items of approximately $6.0 million and $9.9 million for the three and six months ended June 30, 2025, respectively. (5) Includes other segment items of $1.5 million and $3.3 million for the three and six months ended June 30, 2025, respectively, and $2.4 million and $4.2 million for the three and six months ended June 30, 2024, respectively. (6) Includes other gains and charges of $50.5 million and $80.0 million for the three and six months ended June 30, 2025, respectively, and $8.2 million and $21.7 million for the three and six months ended June 30, 2024, respectively. (7)Includes stock compensation expense of $6.4 million and $10.5 million for the three and six months ended June 30, 2025, respectively, and $4.9 million recognized for the six months ended June 30, 2024, respectively, related to common stock issued to employees under restricted stock agreements as part of acquisition consideration subject to vesting restrictions as described in Note 11.
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) | 2025 |  | 2024 |  | 2025 |  | 2024
Capital expenditures |  |  |  |  |  |  |
Acima | $ | 118 |  |  | $ | 989 |  |  | $ | 430 |  |  | $ | 1,208 |
Rent-A-Center | 5,626 |  |  | 6,263 |  |  | 8,117 |  |  | 10,454 |
Brigit | 259 |  |  | — |  |  | 305 |  |  | — |
Mexico | 1,135 |  |  | 706 |  |  | 1,779 |  |  | 1,498 |
Total operating segments | 7,138 |  |  | 7,958 |  |  | 10,631 |  |  | 13,160 |
Corporate | 11,109 |  |  | 6,469 |  |  | 18,192 |  |  | 13,084 |
Total capital expenditures | $ | 18,247 |  |  | $ | 14,427 |  |  | $ | 28,823 |  |  | $ | 26,244 |
(in thousands) | June 30, 2025 |  | December 31, 2024
On rent rental merchandise, net |  |  |
Acima | $ | 680,847 |  |  | $ | 693,095 |
Rent-A-Center | 390,852 |  |  | 420,382 |
Mexico | 23,917 |  |  | 21,383 |
Total on rent rental merchandise, net | $ | 1,095,616 |  |  | $ | 1,134,860 |
(in thousands) | June 30, 2025 |  | December 31, 2024
Held for rent rental merchandise, net |  |  |
Acima | $ | 267 |  |  | $ | 261 |
Rent-A-Center | 93,318 |  |  | 104,302 |
Mexico | 12,056 |  |  | 9,359 |
Total held for rent rental merchandise, net | $ | 105,641 |  |  | $ | 113,922 |
(in thousands) | June 30, 2025 |  | December 31, 2024
Assets by segment |  |  |
Acima | $ | 1,266,440 |  |  | $ | 1,301,657 |
Rent-A-Center | 921,415 |  |  | 977,787 |
Brigit | 434,618 |  |  | — |
Mexico | 53,337 |  |  | 47,608 |
Total operating segments | 2,675,810 |  |  | 2,327,052 |
Corporate | 419,630 |  |  | 322,610 |
Total assets | $ | 3,095,440 |  |  | $ | 2,649,662 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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