Upbound files audited 2023 financials of acquired Brigit; revenue $106.2M, net loss $5.3M

UPBOUND GROUP, INC.

Brigit had total operating revenues of $106.2M in FY2023, with a net loss of $5.3M.
Total assets $68.1M, total liabilities $63.6M, stockholders' equity $4.5M at Dec 31, 2023.
Customer cash advances net of allowances $34.0M; credit facility $37.8M, convertible debt $9.4M.
Auditors noted substantial doubt about going concern; alleviated by Major Investor support agreement.
Pro forma combined financials also filed for the combined entity as of Sep 30, 2024.

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