Under Armour, Inc.
Business
Under Armour, Inc. designs, develops, markets and globally distributes branded performance apparel, footwear and accessories for men, women and youth athletes and active consumers. Products span apparel, footwear, accessories and licensing, engineered with proprietary materials and technologies including HeatGear, ColdGear, UA Flow and UA Iso-Chill. The company operates through four geographic segments—North America, EMEA, Asia-Pacific and Latin America—and sells via wholesale channels and direct-to-consumer stores and e-commerce platforms, with Brand and Factory House stores globally.
Summary from 10-K filed 2026-05-19
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2026 2026-03-31 | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net revenues (Note 10) | 4,966 | 5,164 | 5,702 | 5,903 | 5,683 | |
| Cost of goods sold | 2,708 | 2,690 | 3,072 | 3,259 | 2,822 | |
| Gross profit | 2,259 | 2,475 | 2,630 | 2,644 | 2,861 | |
| Selling, general and administrative expenses | 2,294 | 2,602 | 2,401 | 2,380 | 2,345 | |
| Restructuring charges (Note 11) | 128 | 58 | 0 | 0 | 41 | |
| Income (loss) from operations | −163 | −185 | 230 | 264 | 475 | |
| Interest income (expense), net | −30 | −6 | 268,000 | −13 | — | |
| Other income (expense), net | −7 | −13 | 32 | 17 | −51 | |
| Income (loss) before income taxes | −201 | −205 | 262 | 268 | 380 | |
| Income tax expense (benefit) (Note 15) | 295 | −3 | 30 | −109 | 30 | |
| Income (loss) from equity method investments | −215,000 | 605,000 | −26,000 | −2 | 1 | |
| Net income (loss) | −496 | −201 | 232 | 374 | 351 | |
| Basic net income (loss) per share of Class A, B and C common stock (in dollars per share) | −1.16 | −0.47 | 0.53 | 0.83 | 0.75 | |
| Diluted net income (loss) per share of Class A, B and C common stock (in dollars per share) | −1.16 | −0.47 | 0.52 | 0.81 | 0.75 | |
| Basic (in shares) | 427 | 432 | 440 | 451 | 466 | |
| Diluted (in shares) | 427 | 432 | 451 | 462 | 469 |
Consolidated Balance Sheet
| Concept | Trend | FY 2026 2026-03-31 | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2022 2022-03-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 309 | 501 | 859 | 711 | 1,008 | |
| Accounts receivable, net of allowance for doubtful accounts of $5,018 and $17,020 as of March 31, 2026 and March 31, 2025, respectively. | 682 | 676 | 757 | 759 | 702 | |
| Inventories | 915 | 946 | 958 | 1,186 | 824 | |
| Restricted investments (Note 7) | 605 | 0 | — | — | — | |
| Prepaid expenses and other current assets, net | 208 | 206 | 289 | 293 | 297 | |
| Total current assets | 2,719 | 2,329 | 2,864 | 2,948 | 2,833 | |
| Property and equipment, net (Note 3) | 599 | 645 | 665 | 645 | 601 | |
| Operating lease right-of-use assets (Note 4) | 430 | 384 | 435 | 489 | 420 | |
| Goodwill (Note 5) | 493 | 488 | 478 | 482 | 492 | |
| Intangible assets, net | 4 | 5 | 7 | 9 | 11 | |
| Deferred income taxes (Note 15) | 52 | 286 | 221 | 187 | 20 | |
| Other long-term assets | 119 | 163 | 92 | 67 | 76 | |
| Total assets | 4,416 | 4,301 | 4,761 | 4,828 | 4,453 | |
| Current maturities of long-term debt (Note 7) | 600 | 0 | 81 | 0 | — | |
| Accounts payable | 420 | 430 | 484 | 648 | 560 | |
| Accrued expenses | 331 | 349 | 288 | 367 | 318 | |
| Customer refund liabilities (Note 10) | 126 | 146 | 139 | 161 | 160 | |
| Operating lease liabilities (Note 4) | 153 | 130 | 139 | 141 | 135 | |
| Other current liabilities | 46 | 54 | 34 | 43 | 126 | |
| Total current liabilities | 1,677 | 1,109 | 1,165 | 1,359 | 1,299 | |
| Long-term debt, net of current maturities (Note 7) | 591 | 595 | 595 | 674 | 672 | |
| Operating lease liabilities, non-current (Note 4) | 596 | 574 | 628 | 706 | 669 | |
| Other long-term liabilities | 138 | 132 | 219 | 122 | 84 | |
| Total liabilities | 3,001 | 2,411 | 2,607 | 2,861 | 2,724 | |
| Commitments and Contingencies (Note 8) | — | — | — | — | — | |
| Additional paid-in capital | 1,278 | 1,238 | 1,182 | 1,137 | 1,047 | |
| Retained earnings | 217 | 746 | 1,048 | 897 | 722 | |
| Accumulated other comprehensive income (loss) | −82 | −94 | −77 | −68 | −40 | |
| Total stockholders' equity | 1,414 | 1,890 | 2,153 | 1,966 | 1,709 | |
| Total liabilities and stockholders' equity | 4,416 | 4,301 | 4,761 | 4,828 | 4,453 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2026 2026-03-31 | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 110 | 136 | 143 | 135 | 141 | |
| Unrealized foreign currency exchange rate (gain) loss | 8 | −15 | 16 | −8 | 19 | |
| Loss on disposal of property and equipment | 5 | 6 | 2 | 3 | 6 | |
| Non-cash restructuring and impairment charges | 105 | 54 | 6 | 2 | 27 | |
| Amortization of bond premium and debt issuance costs | 3 | 2 | 2 | 2 | 17 | |
| Stock-based compensation | 46 | 53 | 43 | 37 | 44 | |
| Deferred income taxes | 243 | −62 | −24 | −153 | −3 | |
| Changes in reserves and allowances | −13 | 4 | 14 | 12 | −26 | |
| Accounts receivable | −1 | 80 | −4 | −61 | −31 | |
| Inventories | 39 | 11 | 216 | −369 | 93 | |
| Prepaid expenses and other assets | −32 | 13 | −29 | −38 | 10 | |
| Other non-current assets | −90 | −42 | 35 | −61 | 80 | |
| Accounts payable | 6 | −58 | −198 | 76 | 26 | |
| Accrued expenses and other liabilities | 10 | −63 | −18 | −9 | −109 | |
| Customer refund liabilities | −20 | 7 | −21 | 851,000 | −39 | |
| Income taxes payable and receivable | 1 | 15 | −60 | 18 | −4 | |
| Net cash provided by (used in) operating activities | −75 | −59 | 354 | −40 | 661 | |
| Purchases of property and equipment | −87 | −169 | −150 | −158 | −66 | |
| Purchase of restricted investment | −601 | 0 | 0 | — | — | |
| Sale of MyFitnessPal platform | 0 | 50 | 45 | 35 | 0 | |
| Sale of MapMyFitness platform | 0 | 8 | 0 | 0 | 0 | |
| Purchase of UNLESS COLLECTIVE, Inc, net of cash acquired | −500,000 | −8 | 0 | 0 | 0 | |
| Purchase of equity method investment in ISC Sport | 0 | −8 | 0 | 0 | — | |
| Net cash provided by (used in) investing activities | −689 | −126 | −105 | −123 | −65 | |
| Common stock repurchased | −25 | −90 | −75 | −125 | 0 | |
| Proceeds from long-term debt and revolving credit facility | 890 | 0 | 0 | 0 | 0 | |
| Repayment of long-term debt and revolving credit facility | −290 | −81 | 0 | 0 | −506 | |
| Employee taxes paid for shares withheld for income taxes | −8 | −10 | −6 | −5 | −6 | |
| Excise tax paid on repurchases of common stock | −743,000 | −628,000 | 0 | 0 | — | |
| Proceeds from exercise of stock options and other stock issuances | 2 | 2 | 3 | 4 | 4 | |
| Payments of debt financing costs | −8 | −2 | −720,000 | 0 | −2 | |
| Net cash provided by (used in) financing activities | 561 | −181 | −79 | −126 | −419 | |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 280,000 | 5 | −20 | −5 | −23 | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | −203 | −362 | 150 | −295 | 154 | |
| Accrual for property and equipment | 11 | 25 | 14 | 8 | 19 | |
| Cash paid (received) for income taxes, net of refunds | 42 | 29 | 83 | 29 | 43 | |
| Cash paid (received) for interest, net of capitalized interest | 34 | 11 | 4 | 19 | 25 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Under Armour, Inc.'s CIK number?
Under Armour, Inc.'s SEC CIK number is 0001336917 (1336917). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Under Armour, Inc.'s SEC filings?
All of Under Armour, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Under Armour, Inc. last report earnings?
Under Armour, Inc. (UA) most recently filed an earnings 8-K with the SEC on May 12, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001336917-26-000059). This is Under Armour, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Under Armour, Inc.'s most recent earnings 8-K?
Under Armour, Inc.'s latest earnings 8-K (Item 2.02) was filed May 12, 2026 under accession 0001336917-26-000059. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Under Armour, Inc.'s latest earnings 8-K →
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