Under Armour (Class C) (UA)

NYSE Consumer Discretionary Apparel, Accessories & Luxury Goods S&P SmallCap 600

$5.09

-0.27 (-5.04%)

Close of Nov 06, 2026 · end-of-day data

Source: Under Armour (Class C)'s 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 09, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2023	FY2024	FY2025	FY2026
Revenue	$4.83B	$4.99B	$5.19B	$5.27B	$4.47B	$5.68B	$5.90B	$5.70B	$5.16B	$4.97B
Cost of revenue	$2.58B	$2.74B	$2.85B	$2.80B	$2.31B	$2.82B	$3.26B	$3.07B	$2.69B	$2.71B
Gross profit	$2.25B	$2.25B	$2.34B	$2.47B	$2.16B	$2.86B	$2.64B	$2.63B	$2.47B	$2.26B
Selling, general & admin	$1.83B	$2.10B	$2.18B	$2.23B	$2.17B	$2.34B	$2.38B	$2.40B	$2.60B	$2.29B
Operating income	$417.47M	$27.84M	-$25.02M	$236.77M	-$613.44M	$475.25M	$263.59M	$229.75M	-$185.22M	-$163.11M
Interest expense	—	—	—	—	—	$45.70M	$24.10M	$22.80M	$24.60M	$52.90M
Pre-tax income	$388.28M	-$10.31M	-$67.79M	$209.84M	-$492.54M	$379.94M	$267.86M	$262.07M	-$204.76M	-$200.68M
Income tax	$131.30M	$37.95M	-$20.55M	$70.02M	$49.39M	$30.19M	-$108.64M	$30.01M	-$2.89M	$294.75M
Net income	$256.98M	-$48.26M	-$46.30M	$92.14M	-$549.18M	$351.00M	$374.46M	$232.04M	-$201.27M	-$495.64M
EBITDA	$562.24M	$201.59M	$156.75M	$423.19M	-$448.45M	$616.27M	$399.04M	$372.34M	-$49.41M	-$53.49M
EPS (basic)	—	$-0.11	$-0.10	$0.20	$-1.21	$0.75	$0.83	$0.53	$-0.47	$-1.16
EPS (diluted)	—	$-0.11	$-0.10	$0.20	$-1.21	$0.75	$0.81	$0.52	$-0.47	$-1.16
Diluted shares	—	440.73M	445.81M	454.27M	454.09M	468.64M	461.51M	451.01M	432.25M	426.57M
Gross margin	46.5%	45.1%	45.1%	46.9%	48.3%	50.3%	44.8%	46.1%	47.9%	45.5%
Operating margin	8.6%	0.6%	-0.5%	4.5%	-13.7%	8.4%	4.5%	4.0%	-3.6%	-3.3%
Net margin	5.3%	-1.0%	-0.9%	1.7%	-12.3%	6.2%	6.3%	4.1%	-3.9%	-10.0%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2023	FY2024	FY2025	FY2026
Cash & equivalents	$250.47M	$312.48M	$557.40M	$788.07M	$1.52B	$1.67B	$710.93M	$858.69M	$501.36M	$309.17M
Receivables	$622.68M	$609.67M	$652.55M	$708.71M	$527.34M	$569.01M	$758.56M	$757.34M	$675.82M	$681.86M
Inventory	$917.49M	$1.16B	$1.02B	$892.26M	$895.97M	$811.41M	$1.19B	$958.50M	$945.84M	$914.75M
Total current assets	$1.97B	$2.34B	$2.59B	$2.70B	$3.22B	$3.34B	$2.95B	$2.86B	$2.33B	$2.72B
Goodwill	$563.59M	$555.67M	$546.49M	$550.18M	$502.21M	$495.21M	$481.99M	$478.30M	$487.63M	$492.77M
Total assets	$3.64B	$4.01B	$4.25B	$4.84B	$5.03B	$4.99B	$4.83B	$4.76B	$4.30B	$4.42B
Total current liabilities	$685.82M	$1.06B	$1.32B	$1.42B	$1.41B	$1.45B	$1.36B	$1.17B	$1.11B	$1.68B
Short-term debt	$27.00M	$27.00M	$25.00M	$0	$0	$0	$0	$80.92M	$0	$599.84M
Long-term debt	$790.39M	$765.05M	$703.83M	$592.69M	$1.00B	$662.53M	$674.48M	$594.87M	$595.12M	$590.61M
Total debt	$817.39M	$792.05M	$728.83M	$592.69M	$1.00B	$662.53M	$674.48M	$675.79M	$595.12M	$1.19B
Total liabilities	$1.61B	$1.99B	$2.23B	$2.69B	$3.35B	$2.90B	$2.86B	$2.61B	$2.41B	$3.00B
Shareholders' equity	$2.03B	$2.02B	$2.02B	$2.15B	$1.67B	$2.07B	$1.97B	$2.15B	$1.89B	$1.41B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2023	FY2024	FY2025	FY2026
Operating cash flow	$366.62M	$237.46M	$628.23M	$509.03M	$212.86M	$660.57M	-$39.89M	$353.97M	-$59.32M	-$75.09M
Capital expenditures	$316.46M	$281.34M	$170.38M	$145.80M	$92.29M	$66.03M	$158.07M	$150.33M	$168.68M	$87.08M
Free cash flow	$50.16M	-$43.88M	$457.85M	$363.23M	$120.57M	$594.53M	-$197.95M	$203.64M	-$228.00M	-$162.16M
Investing cash flow	-$381.14M	-$282.99M	-$202.90M	-$147.11M	$66.34M	-$64.62M	-$123.07M	-$105.33M	-$126.35M	-$688.81M
Financing cash flow	$146.11M	$106.76M	-$189.87M	-$137.07M	$436.85M	-$418.74M	-$126.38M	-$78.69M	-$180.81M	$560.63M
Dividends paid	$2.93M	$0	$0	—	—	—	—	—	—	—
Share buybacks	—	—	—	—	$0	$0	$125.00M	$75.00M	$90.00M	$25.00M
Stock-based compensation	$46.15M	$39.93M	$41.78M	$49.62M	$42.07M	$43.79M	$36.81M	$43.00M	$52.97M	$45.62M
Depreciation & amortization	$144.77M	$173.75M	$181.77M	$186.43M	$164.98M	$141.03M	$135.46M	$142.59M	$135.80M	$109.62M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$1.49B	$1.33B	$1.18B	$1.40B	$1.40B	$1.18B	$1.13B	$1.33B	$1.33B	$1.17B	$1.10B	$1.24B
Cost of revenue	$815.40M	$732.60M	$620.99M	$702.89M	$735.88M	$629.80M	$587.57M	$702.80M	$738.02M	$679.12M	$504.10M	$658.15M
Gross profit	$670.64M	$599.60M	$562.67M	$696.13M	$665.15M	$550.78M	$546.50M	$630.58M	$589.74M	$492.04M	$593.83M	$583.59M
Selling, general & admin	$599.23M	$603.15M	$837.32M	$519.84M	$637.70M	$607.13M	$530.35M	$581.63M	$664.54M	$517.73M	$543.09M	$557.44M
Operating income	$71.41M	-$3.55M	-$299.73M	$173.08M	$13.51M	-$72.08M	$3.32M	$17.05M	-$149.78M	-$33.70M	$46.74M	$14.79M
Interest expense	$5.70M	$5.80M	$5.70M	$6.10M	$6.40M	$6.50M	$6.80M	$14.90M	$15.60M	$15.70M	$15.70M	$12.40M
Pre-tax income	$119.12M	-$4.78M	-$300.11M	$167.91M	$7.55M	-$80.12M	-$5.42M	$7.50M	-$160.26M	-$42.50M	$29.08M	-$2.41M
Income tax	$8.57M	-$11.33M	$5.15M	-$2.14M	$6.29M	-$12.20M	-$2.66M	$25.94M	$270.60M	$866.00K	$28.31M	-$2.37M
Net income	$110.75M	$6.57M	-$305.43M	$170.38M	$1.23M	-$67.46M	-$2.61M	-$18.81M	-$430.83M	-$43.39M	$545.00K	-$425.00K
EBITDA	$105.23M	$36.92M	-$266.90M	$205.81M	$44.73M	-$33.06M	$32.30M	$44.31M	-$122.49M	-$7.61M	$72.16M	$39.20M
EPS (basic)	$0.25	$0.02	$-0.70	$0.39	$0.00	$-0.16	$-0.01	$-0.04	$-1.01	$-0.10	$0.00	$0.00
EPS (diluted)	$0.25	$0.02	$-0.70	$0.39	$0.00	$-0.16	$-0.01	$-0.04	$-1.01	$-0.10	$0.00	$0.00
Diluted shares	448.44M	—	435.69M	435.69M	437.30M	—	427.12M	428.35M	424.85M	—	431.94M	429.68M
Gross margin	45.1%	45.0%	47.5%	49.8%	47.5%	46.7%	48.2%	47.3%	44.4%	42.0%	54.1%	47.0%
Operating margin	4.8%	-0.3%	-25.3%	12.4%	1.0%	-6.1%	0.3%	1.3%	-11.3%	-2.9%	4.3%	1.2%
Net margin	7.5%	0.5%	-25.8%	12.2%	0.1%	-5.7%	-0.2%	-1.4%	-32.4%	-3.7%	0.0%	-0.0%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$1.04B	$858.69M	$884.55M	$530.70M	$726.88M	$501.36M	$910.99M	$395.99M	$464.65M	$309.17M	$395.98M	$284.55M
Receivables	$691.55M	$757.34M	$684.70M	$723.04M	$615.47M	$675.82M	$623.74M	$688.48M	$611.52M	$681.86M	$646.12M	$658.07M
Inventory	$1.10B	$958.50M	$1.12B	$1.11B	$1.10B	$945.84M	$1.14B	$1.04B	$1.07B	$914.75M	$1.11B	$1.08B
Total current assets	$3.12B	$2.86B	$2.97B	$2.57B	$2.69B	$2.33B	$2.90B	$2.94B	$2.99B	$2.72B	$2.37B	$2.24B
Goodwill	$481.57M	$478.30M	$476.10M	$495.03M	$484.55M	$487.63M	$496.19M	$495.03M	$495.16M	$492.77M	$493.33M	$493.96M
Total assets	$5.04B	$4.76B	$4.86B	$4.49B	$4.63B	$4.30B	$4.87B	$4.90B	$4.63B	$4.42B	$4.10B	$3.94B
Total current liabilities	$1.47B	$1.17B	$1.72B	$1.18B	$1.34B	$1.11B	$1.90B	$1.74B	$2.09B	$1.68B	$1.31B	$1.15B
Short-term debt	$80.92M	$80.92M	$0	$0	$0	$0	$599.76M	$599.44M	$599.68M	$599.84M	$0	$0
Long-term debt	$595.12M	$594.87M	$595.38M	$594.59M	$595.19M	$595.12M	$389.46M	$589.78M	$390.05M	$590.61M	$591.16M	$580.41M
Total debt	$676.04M	$675.79M	$595.38M	$594.59M	$595.19M	$595.12M	$989.21M	$1.19B	$989.73M	$1.19B	$591.16M	$580.41M
Total liabilities	$2.87B	$2.61B	$3.04B	$2.51B	$2.65B	$2.41B	$2.99B	$3.04B	$3.19B	$3.00B	$2.67B	$2.49B
Shareholders' equity	$2.13B	$2.15B	$1.82B	$1.99B	$1.98B	$1.89B	$1.87B	$1.86B	$1.44B	$1.41B	$1.43B	$1.45B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$421.38M	-$122.89M	$152.97M	-$321.38M	$311.29M	-$202.20M	$48.85M	-$69.83M	$278.06M	-$332.17M	$109.14M	-$89.07M
Capital expenditures	$41.16M	$33.79M	$45.68M	$45.82M	$48.36M	$28.82M	$35.36M	$20.49M	$16.12M	$15.11M	$14.60M	$12.63M
Free cash flow	$380.22M	-$156.69M	$107.29M	-$367.21M	$262.93M	-$231.02M	$13.49M	-$90.32M	$261.94M	-$347.27M	$94.54M	-$101.70M
Investing cash flow	-$41.16M	-$33.79M	$4.32M	-$47.61M	-$55.90M	-$27.16M	-$35.36M	-$622.22M	-$16.12M	-$15.11M	$585.40M	-$12.63M
Financing cash flow	-$24.45M	-$3.71M	-$128.22M	-$1.17M	-$25.06M	-$26.35M	$387.30M	$173.16M	-$199.98M	$200.14M	-$607.06M	-$11.50M
Share buybacks	$25.00M	$0	$40.00M	$0	$25.00M	$25.00M	$0	$25.00M	$0	$0	—	—
Stock-based compensation	$9.81M	$9.84M	$15.92M	$12.54M	$12.33M	$12.18M	$12.22M	$12.79M	$10.77M	$9.84M	$11.31M	$11.16M
Depreciation & amortization	$33.83M	$40.48M	$32.83M	$32.73M	$31.22M	$39.02M	$28.98M	$27.26M	$27.29M	$26.09M	$25.42M	$24.41M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.