UA · Under Armour, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.13B | $1.33B | $1.33B | $1.32B | $1.40B | $1.40B | $1.32B | $1.49B | $1.57B | $1.35B |
| Cost of Revenue | $587.57M | $738.02M | $702.80M | $620.99M | $735.88M | $702.89M | $709.28M | $814.91M | $814.72M | $718.86M |
| Gross Profit | $546.50M | $589.74M | $630.58M | $562.67M | $665.15M | $696.13M | $607.74M | $671.18M | $752.00M | $630.20M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $530.35M | $664.54M | $581.63M | $837.32M | $637.70M | $519.84M | $586.81M | $601.66M | $606.24M | $595.71M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $28.98M | $26.90M | $26.90M | $32.83M | $30.90M | $32.30M | $36.17M | $35.20M | $34.70M | $34.32M |
| Operating Income | $3.32M | ($149.78M) | $17.05M | ($299.73M) | $13.51M | $173.08M | $20.93M | $69.52M | $145.76M | $34.48M |
| Interest Expense | $6.80M | $15.60M | $14.90M | $5.70M | $6.40M | $6.10M | - | $5.50M | $5.50M | - |
| Income Tax | ($2.66M) | $270.60M | $25.94M | $5.15M | $6.29M | ($2.14M) | $3.97M | $5.00M | $29.49M | $5.66M |
| Net Income | ($2.61M) | ($430.83M) | ($18.81M) | ($305.43M) | $1.23M | $170.38M | $8.55M | $114.14M | $109.61M | $7.68M |
| EPS - Basic | ($0.01) | ($1.01) | ($0.04) | ($0.70) | $0.00 | $0.39 | $0.02 | $0.26 | $0.25 | $0.02 |
| EPS - Diluted | ($0.01) | ($1.01) | ($0.04) | ($0.70) | $0.00 | $0.39 | $0.02 | $0.26 | $0.24 | $0.02 |
Balance Sheet
| Line item | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $309.17M | $464.65M | $395.99M | $501.36M | $726.88M | $530.70M | $858.69M | $1.04B | $655.87M | $711.91M |
| Accounts Receivable | $681.86M | $611.52M | $688.48M | $675.82M | $615.47M | $723.04M | $757.34M | $691.55M | $805.20M | $759.86M |
| Inventory | $914.75M | $1.07B | $1.04B | $945.84M | $1.10B | $1.11B | $958.50M | $1.10B | $1.14B | $1.19B |
| Accounts Payable | $420.08M | $664.49M | $470.31M | $429.94M | $657.15M | $562.58M | $483.73M | $699.43M | $542.31M | $649.12M |
| Current Assets | $2.72B | $2.99B | $2.94B | $2.33B | $2.69B | $2.57B | $2.86B | $3.12B | $2.87B | $2.96B |
| Total Assets | $4.42B | $4.63B | $4.90B | $4.30B | $4.63B | $4.49B | $4.76B | $5.04B | $4.75B | $4.86B |
| Current Liabilities | $1.68B | $2.09B | $1.74B | $1.11B | $1.34B | $1.18B | $1.17B | $1.47B | $1.28B | $1.36B |
| Long-term Debt | $590.61M | $390.05M | $589.78M | $595.13M | $595.19M | $594.59M | $594.87M | $595.12M | $594.65M | $674.48M |
| Total Liabilities | $3.00B | $3.19B | $3.04B | $2.41B | $2.65B | $2.51B | $2.61B | $2.87B | $2.66B | $2.86B |
| Stockholders' Equity | $1.41B | $1.44B | $1.86B | $1.89B | $1.98B | $1.99B | $2.15B | $2.17B | $2.09B | $2.00B |
| Retained Earnings | $217.35M | $260.99M | $692.12M | $746.28M | $840.29M | $864.03M | $1.05B | $1.08B | $994.11M | $929.56M |
Cash Flow
| Line item | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $48.85M | - | - | $152.97M | - | - | $1.03M | - | - | $252.82M |
| Investing Cash Flow | ($35.36M) | - | - | $4.32M | - | - | $5.41M | - | - | ($19.18M) |
| Financing Cash Flow | $387.30M | - | - | ($128.22M) | - | - | ($1.23M) | - | - | ($247.12M) |
| CapEx | $35.36M | - | - | $45.68M | - | - | $39.59M | - | - | $35.75M |
| Free Cash Flow | $13.49M | - | - | $107.29M | - | - | ($38.56M) | - | - | $217.08M |
Ratios
| Metric | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 48.2% | 44.4% | 47.3% | 42.7% | 47.5% | 49.8% | 46.1% | 45.2% | 48.0% | 46.7% |
| Operating margin | 0.3% | -11.3% | 1.3% | -22.8% | 1.0% | 12.4% | 1.6% | 4.7% | 9.3% | 2.6% |
| EBITDA margin | 2.8% | -9.3% | 3.3% | -20.3% | 3.2% | 14.7% | 4.3% | 7.0% | 11.5% | 5.1% |
| Net margin | -0.2% | -32.4% | -1.4% | -23.2% | 0.1% | 12.2% | 0.6% | 7.7% | 7.0% | 0.6% |
| Free cash flow margin | 1.2% | - | - | 8.1% | - | - | -2.9% | - | - | 16.1% |
| FCF / Net income | -5.16 | - | - | -0.35 | - | - | -4.51 | - | - | 28.26 |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 46.8% | 50.0% | 43.6% | 63.6% | 45.5% | 37.2% | 44.6% | 40.5% | 38.7% | 44.2% |
| Effective tax rate | - | - | 364.0% | - | 83.6% | -1.3% | 31.7% | 4.2% | 21.2% | 42.4% |
| Return on assets | -0.1% | -9.3% | -0.4% | -7.1% | 0.0% | 3.8% | 0.2% | 2.3% | 2.3% | 0.2% |
| Return on equity | -0.2% | -30.0% | -1.0% | -16.2% | 0.1% | 8.6% | 0.4% | 5.3% | 5.2% | 0.4% |
| Return on invested capital | 0.1% | -6.5% | 0.3% | -9.5% | 0.3% | 6.7% | 0.5% | 2.4% | 4.3% | 0.7% |
| Liquidity | ||||||||||
| Current ratio | 1.62 | 1.43 | 1.69 | 2.10 | 2.01 | 2.18 | 2.46 | 2.13 | 2.24 | 2.18 |
| Quick ratio | 1.08 | 0.92 | 1.10 | 1.25 | 1.19 | 1.24 | 1.63 | 1.38 | 1.35 | 1.30 |
| Cash ratio | 0.18 | 0.22 | 0.23 | 0.45 | 0.54 | 0.45 | 0.74 | 0.71 | 0.51 | 0.52 |
| Leverage | ||||||||||
| Debt / Equity | 0.42 | 0.27 | 0.32 | 0.31 | 0.30 | 0.30 | 0.28 | 0.27 | 0.28 | 0.34 |
| Debt / Assets | 0.13 | 0.08 | 0.12 | 0.14 | 0.13 | 0.13 | 0.12 | 0.12 | 0.13 | 0.14 |
| Debt / EBITDA | 18.28 | - | 13.42 | - | 13.40 | 2.90 | 10.42 | 5.68 | 3.30 | 9.80 |
| Interest coverage | 0.5x | -9.6x | 1.1x | -52.6x | 2.1x | 28.4x | - | 12.6x | 26.5x | - |
| Equity multiplier | 3.12 | 3.23 | 2.64 | 2.28 | 2.33 | 2.26 | 2.21 | 2.32 | 2.27 | 2.43 |
| Liabilities / Assets | 0.68 | 0.69 | 0.62 | 0.56 | 0.57 | 0.56 | 0.55 | 0.57 | 0.56 | 0.59 |
| Efficiency | ||||||||||
| Asset turnover | 0.26 | 0.29 | 0.27 | 0.31 | 0.30 | 0.31 | 0.28 | 0.29 | 0.33 | 0.28 |
| Inventory turnover | 0.64 | 0.69 | 0.68 | 0.66 | 0.67 | 0.64 | 0.74 | 0.74 | 0.71 | 0.60 |
| Days sales outstanding | 219d | 168d | 188d | 187d | 160d | 189d | 210d | 170d | 188d | 206d |
| Days inventory outstanding | 568d | 531d | 539d | 556d | 546d | 574d | 493d | 494d | 512d | 604d |
| Days payable outstanding | 261d | 329d | 244d | 253d | 326d | 292d | 249d | 313d | 243d | 330d |
| Cash conversion cycle | 527d | 371d | 483d | 491d | 380d | 471d | 454d | 351d | 457d | 480d |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | 21.4x | 357.0x | 32.1x | 26.6x | 426.5x |
| P / B | 1.7x | 1.4x | 1.1x | 1.4x | 1.6x | 1.8x | 1.5x | 1.7x | 1.4x | 2.0x |
| P / S | 2.2x | 1.5x | 1.6x | 2.0x | 2.3x | 2.6x | 2.5x | 2.5x | 1.8x | 3.0x |
| EV / EBITDA | 85.3x | - | 51.5x | - | 70.5x | 18.0x | 52.2x | 31.5x | 15.7x | 57.5x |
| Growth | ||||||||||
| Revenue growth (YoY) | -13.9% | -5.2% | -4.7% | -0.0% | -5.7% | -10.7% | -2.4% | -6.0% | -0.5% | 3.7% |
| Revenue CAGR (3y) | -5.6% | -5.7% | -5.4% | 0.4% | - | - | 1.6% | -1.3% | 5.0% | - |
| Revenue CAGR (5y) | -2.0% | -3.0% | -0.3% | - | -0.5% | 14.6% | 1.8% | 0.8% | 5.6% | 2.6% |
| Gross profit growth (YoY) | -2.9% | -11.3% | -9.4% | -7.4% | -0.9% | -7.4% | -3.6% | -13.5% | 5.3% | 4.1% |
| Operating income growth (YoY) | - | - | -90.2% | - | -80.6% | 18.7% | -39.3% | -26.6% | 22.1% | - |
| Net income growth (YoY) | 99.1% | - | - | - | -98.9% | 55.4% | 11.3% | -6.1% | 26.1% | - |
| EPS growth (YoY) | 98.6% | - | - | - | - | 62.5% | 0.0% | 13.0% | 26.3% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | -51.0% | 2.7% | 22.7% | - |
| EPS CAGR (5y) | - | - | - | - | - | - | -16.7% | 2.5% | - | - |
| FCF growth (YoY) | -87.4% | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -25.2% | -27.7% | -6.5% | -12.2% | -8.7% | -5.0% | 7.8% | 18.6% | 15.1% | 15.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2026-03-31.
Business segments
($26.89M) totalCorporate And Other($26.89M) · 0.0%
Product / service
$9.91B totalProduct$4.89B · 49.3%
Apparel$3.40B · 34.3%
Footwear$1.08B · 10.9%
Accessories$414.47M · 4.2%
License$107.35M · 1.1%
License And Service$26.30M · 0.3%
Geographic
$9.99B totalNorth America$2.86B · 28.6%
US$2.57B · 25.7%
Non Us$2.42B · 24.3%
EMEA$1.18B · 11.8%
Asia Pacific$719.13M · 7.2%
Latin America$234.19M · 2.3%
Peer comparison
Same SIC group: Apparel & Other Finishd Prods of Fabrics & Similar Matl
Comparing Under Armour against the 5 most active filers in the same SIC group.