$UA

Under Armour, Inc.

CIK:0001336917|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Net revenues (Note 10)	$ 1,097,927	$ 1,134,068
Cost of goods sold	504,095	587,572
Gross profit	593,832	546,496
Selling, general and administrative expenses	543,085	530,345
Restructuring charges (Note 11)	4,008	12,828
Income (loss) from operations	46,739	3,323
Interest income (expense), net	(10,645)	(4,051)
Other income (expense), net	(7,013)	(4,695)
Income (loss) before income taxes	29,081	(5,423)
Income tax expense (benefit) (Note 15)	28,314	(2,658)
Income (loss) from equity method investments	(222)	153
Net income (loss)	$ 545	$ (2,612)
Basic net income (loss) per share of Class A, B and C common stock (in dollars per share)	$ 0.00	$ (0.01)
Diluted net income (loss) per share of Class A, B and C common stock (in dollars per share)	$ 0.00	$ (0.01)
Weighted average common shares outstanding Class A, B and C common stock
Basic (in shares)	427,769	427,116
Diluted (in shares)	431,937	427,116

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities
Net income (loss)	$ 545	$ (2,612)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Depreciation and amortization	25,418	28,981
Unrealized foreign currency exchange rate (gain) loss	2,022	(2,273)
Loss on disposal of property and equipment	81	3,556
Non-cash restructuring and impairment charges (recoveries)	(1,731)	7,698
Amortization of bond premium and debt issuance costs	714	603
Stock-based compensation	11,310	12,219
Deferred income taxes	(3,268)	(28,978)
Changes in reserves and allowances	2,576	3,952
Changes in operating assets and liabilities:
Accounts receivable	36,455	50,885
Inventories	(193,531)	(196,568)
Prepaid expenses and other current assets	(14,524)	(11,990)
Other long-term assets	(44,812)	9,818
Accounts payable	243,397	213,712
Accrued expenses and other liabilities	36,545	(51,373)
Customer refund liabilities	(16,249)	(5,180)
Income taxes payable and receivable	24,189	16,402
Net cash provided by (used in) operating activities	109,137	48,852
Cash flows from investing activities
Purchases of property and equipment	(14,600)	(35,362)
Proceeds from restricted investment to settle satisfied and discharged debt	600,000	0
Net cash provided by (used in) investing activities	585,400	(35,362)
Cash flows from financing activities
Proceeds from long-term debt and revolving credit facility	25,000	400,000
Repayment of long-term debt and revolving credit facility	(25,000)	0
Settlement of satisfied and discharged debt	(600,000)	0
Employee taxes paid for shares withheld for income taxes	(7,483)	(7,485)
Proceeds from exercise of stock options and other stock issuances	419	552
Payments of debt financing costs	0	(5,764)
Net cash provided by (used in) financing activities	(607,064)	387,303
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(634)	9,314
Net increase (decrease) in cash, cash equivalents and restricted cash	86,839	410,107
Cash, cash equivalents and restricted cash
Beginning of period	312,061	515,051
End of period	398,900	925,158
Non-cash investing and financing activities
Accrual for property and equipment	1,744	1,971
Reconciliation of cash, cash equivalents and restricted cash
Cash and cash equivalents	395,981	910,985
Restricted cash	2,919	14,173
Total cash, cash equivalents and restricted cash	$ 398,900	$ 925,158

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Mar. 31, 2026
Current assets
Cash and cash equivalents	$ 395,981	$ 309,168
Accounts receivable, net of allowance for doubtful accounts of $5,870 and $5,018 as of June 30, 2026 and March 31, 2026, respectively	646,122	681,861
Inventories	1,109,250	914,751
Restricted investments (Note 7)	0	605,396
Prepaid expenses and other current assets, net	217,818	207,507
Total current assets	2,369,171	2,718,683
Property and equipment, net (Note 3)	584,982	598,953
Operating lease right-of-use assets (Note 4)	478,579	429,622
Goodwill (Note 5)	493,331	492,768
Intangible assets, net	4,559	4,471
Deferred income taxes (Note 15)	55,233	52,282
Other long-term assets	112,232	118,915
Total assets	4,098,087	4,415,694
Current liabilities
Current maturities of long-term debt (Note 7)	0	599,835
Accounts payable	668,976	420,077
Accrued expenses	310,146	331,391
Customer refund liabilities (Note 10)	109,582	126,097
Operating lease liabilities (Note 4)	152,643	153,050
Other current liabilities	67,232	46,336
Total current liabilities	1,308,579	1,676,786
Long-term debt, net of current maturities (Note 7)	591,158	590,609
Operating lease liabilities, non-current (Note 4)	632,276	596,139
Other long-term liabilities	137,958	137,800
Total liabilities	2,669,971	3,001,334
Commitments and Contingencies (Note 8)
Stockholders' equity (Note 9)
Additional paid-in capital	1,290,157	1,278,429
Retained earnings	210,414	217,352
Accumulated other comprehensive income (loss)	(72,597)	(81,562)
Total stockholders' equity	1,428,116	1,414,360
Total liabilities and stockholders' equity	4,098,087	4,415,694
Class A Common Stock
Stockholders' equity (Note 9)
Common stock	63	63
Class B Convertible Common Stock
Stockholders' equity (Note 9)
Common stock	11	11
Class C Common Stock
Stockholders' equity (Note 9)
Common stock	$ 68	$ 67