Under Armour, Inc.

Listed Company

UAACIK 0001336917NYSELarge AcceleratedApparel & Other Finishd Prods Of Fabrics & Similar MatlMarylandFY ends Mar 31

Period

FY 2026

Revenue

$4.97B

Net Income

$-495.64M

Total Assets

$4.42B

Equity

$1.41B

Shares Out

—

Op. Cash Flow

$-75.09M

Business

Under Armour, Inc. develops, markets and distributes branded performance apparel, footwear and accessories for men, women and youth, engineered for athletic and active lifestyles. Its main products include technical apparel with proprietary fabric technologies, performance footwear with differentiated cushioning platforms, and accessories such as gloves, bags, headwear and socks, plus licensed collegiate and hard goods. The company operates across business segments including product categories (apparel, footwear, accessories), licensing and a Corporate Other function covering centralized support. It sells globally through wholesale, direct-to-consumer Brand and Factory House stores, and e-commerce, using distributors and third-party logistics in various regions.

Summary from filing dated 2025-05-22

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	Mar 31, 2026 2026-03-31	Mar 31, 2025 2025-03-31	Mar 31, 2024 2024-03-31
Net revenues (Note 10)	4,966	5,164	5,702
Cost of goods sold	2,708	2,690	3,072
Gross profit	2,259	2,475	2,630
Selling, general and administrative expenses	2,294	2,602	2,401
Restructuring charges (Note 11)	128	58	0
Income (loss) from operations	−163	−185	230
Interest income (expense), net	−30	−6	268,000
Other income (expense), net	−7	−13	32
Income (loss) before income taxes	−201	−205	262
Income tax expense (benefit) (Note 15)	295	−3	30
Income (loss) from equity method investments	−215,000	605,000	−26,000
Net income (loss)	−496	−201	232
Basic net income (loss) per share of Class A, B and C common stock (in dollars per share)	−1.16	−0.47	0.53
Diluted net income (loss) per share of Class A, B and C common stock (in dollars per share)	−1.16	−0.47	0.52
Weighted average common shares outstanding Class A, B and C common stock	—	—	—
Basic (in shares)	427	432	440
Diluted (in shares)	427	432	451

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	Mar 31, 2026 2026-03-31	Mar 31, 2025 2025-03-31
Assets	—	—
Current assets	—	—
Cash and cash equivalents	309	501
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
Inventories	915	946
Restricted investments (Note 7)	605	0
Prepaid expenses and other current assets, net	208	206
Total current assets	2,719	2,329
Property and equipment, net (Note 3)	599	645
Operating lease right-of-use assets (Note 4)	430	384
Goodwill (Note 5)	493	488
Intangible assets, net	4	5
Deferred income taxes (Note 15)	52	286
Other long-term assets	119	163
Total assets	4,416	4,301
Liabilities and Stockholders' Equity	—	—
Current liabilities	—	—
Current maturities of long-term debt (Note 7)	600	0
Accounts payable	420	430
Accrued expenses	331	349
Customer refund liabilities (Note 10)	126	146
Operating lease liabilities (Note 4)	153	130
Other current liabilities	46	54
Total current liabilities	1,677	1,109
Long-term debt, net of current maturities (Note 7)	591	595
Operating lease liabilities, non-current (Note 4)	596	574
Other long-term liabilities	138	132
Total liabilities	3,001	2,411
Commitments and Contingencies (Note 8)	—	—
Stockholders' equity (Note 9)	—	—
Common stock	141,000	141,000
Additional paid-in capital	1,278	1,238
Retained earnings	217	746
Accumulated other comprehensive income (loss)	−82	−94
Total stockholders' equity	1,414	1,890
Total liabilities and stockholders' equity	4,416	4,301

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	Mar 31, 2026 2026-03-31	Mar 31, 2025 2025-03-31	Mar 31, 2024 2024-03-31
Cash flows from operating activities	—	—	—
Net income (loss)	−496	−201	232
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities	—	—	—
Depreciation and amortization	110	136	143
Unrealized foreign currency exchange rate (gain) loss	−8	15	−16
Loss on disposal of property and equipment	−5	−6	−2
Non-cash restructuring and impairment charges	105	54	6
Amortization of bond premium and debt issuance costs	3	2	2
Stock-based compensation	46	53	43
Deferred income taxes	243	−62	−24
Changes in reserves and allowances	−13	4	14
Changes in operating assets and liabilities:	—	—	—
Accounts receivable	1	−80	4
Inventories	−39	−11	−216
Prepaid expenses and other assets	32	−13	29
Other non-current assets	90	42	−35
Accounts payable	6	−58	−198
Accrued expenses and other liabilities	10	−63	−18
Customer refund liabilities	−20	7	−21
Income taxes payable and receivable	1	15	−60
Net cash provided by (used in) operating activities	−75	−59	354
Cash flows from investing activities	—	—	—
Purchases of property and equipment	87	169	150
Purchase of restricted investment	601	0	0
Sale of MyFitnessPal platform	0	50	45
Sale of MapMyFitness platform	0	8	0
Purchase of UNLESS COLLECTIVE, Inc, net of cash acquired	500,000	8	0
Purchase of equity method investment in ISC Sport	0	8	0
Net cash provided by (used in) investing activities	−689	−126	−105
Cash flows from financing activities	—	—	—
Common stock repurchased	25	90	75
Proceeds from long-term debt and revolving credit facility	890	0	0
Repayment of long-term debt and revolving credit facility	290	81	0
Employee taxes paid for shares withheld for income taxes	8	10	6
Excise tax paid on repurchases of common stock	743,000	628,000	0
Proceeds from exercise of stock options and other stock issuances	2	2	3
Payments of debt financing costs	8	2	720,000
Net cash provided by (used in) financing activities	561	−181	−79
Effect of exchange rate changes on cash, cash equivalents and restricted cash	280,000	5	−20
Net increase (decrease) in cash, cash equivalents and restricted cash	−203	−362	150
Cash, cash equivalents and restricted cash	—	—	—
Total cash, cash equivalents and restricted cash	—	—	—
Total cash, cash equivalents and restricted cash	—	—	—
Non-cash investing and financing activities	—	—	—
Accrual for property and equipment	11	25	14
Other supplemental information	—	—	—
Cash paid (received) for income taxes, net of refunds	42	29	83
Cash paid (received) for interest, net of capitalized interest	34	11	4
Reconciliation of cash, cash equivalents and restricted cash	—	—	—
Cash and cash equivalents	—	—	—
Restricted cash	—	—	—
Total cash, cash equivalents and restricted cash	—	—	—

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro