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Under Armour UA
$ 4.97 0.2%
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Quarterly report 2027-Q1
added 08-07-2026

Under Armour Income Statement 2026-2007 | UA

Brief overview of financial results at Under Armour

The conclusions below are based on five years of reported results. The revenue attributed to Under Armour moved from $5.7 billion to $5 billion between the two endpoints. The total change was −12.6%, with a CAGR of approximately −2.7%. Sales followed a declining trajectory over the five years.

Gross profit was 2.9 billion dollars at the start and 2.3 billion dollars at the end of the period (−21%). Direct costs outpaced revenue, limiting the benefit of changes in sales. Comparing the endpoints gives gross margins of 50.3% and 45.5%. The margin decline reflects a less favorable sales-and-cost structure.

Over the period, EBITDA shifted from $616 million to −$53.5 million, a change of −108.7%. EBITDA lagged revenue, showing weaker operating momentum. EBITDA margin was 10.8% at the start and −1.1% at the end. Cost pressure reduced operating profitability.

The net financial result changed from $351 million to −$496 million. The move from profit to loss indicates a material deterioration in final efficiency.

Over the period, capitalization shifted from 7.3 billion dollars to 2.1 billion dollars (−70.6%). Capitalization grew more slowly than the underlying results.

Overall conclusion

Signs of deterioration dominate the five-year picture. The main areas of concern are lower investor confidence, weaker operating efficiency and limited revenue growth. Investors should continue to monitor margins, costs, and earnings quality.

Annual Income Statement Under Armour

2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007

Market Cap

2.14 B 2.2 B 2.96 B 2.96 B 3.09 B 7.28 B 8.26 B 4.13 B 4.2 B - - - - - - - - - - -

Shares

427 M 432 M 440 M 451 M 471 M 466 M 454 M 223 M 221 M - - - - - - - 102 M 49.8 M 49.1 K -

Historical Prices

5.02 5.1 6.73 6.55 6.55 15.6 18.2 12.5 20.1 15.1 18.6 - - - - - - - - -

Net Income

-496 M -201 M 232 M 374 M 113 M 351 M -549 M 92.1 M -46.3 M -48.3 M 257 M 233 M 208 M 162 M 129 M 96.9 M 68.5 M 46.8 M 38.2 M -

Revenue

4.97 B 5.16 B 5.7 B 5.9 B 1.58 B 5.68 B 4.47 B 5.27 B 5.19 B 4.98 B 4.83 B 3.96 B 3.08 B 2.33 B 1.83 B 1.47 B - - - -

Cost of Revenue

2.71 B 2.69 B 3.07 B 3.26 B 885 M 2.82 B 2.31 B 2.8 B 2.85 B 2.74 B 2.58 B - - - - - - - - -

Gross Profit

2.26 B 2.47 B 2.63 B 2.64 B 697 M 2.86 B 2.16 B 2.47 B 2.34 B 2.24 B 2.24 B 1.91 B 1.51 B 1.14 B 879 M 713 M 531 M 410 M 353 M -

Operating Income

-163 M -185 M 230 M 264 M 89.5 M 475 M -613 M 237 M -25 M 27.8 M 417 M 409 M 354 M 265 M 209 M 163 M 112 M 85.3 M 76.9 M -

Interest Expense

-7.28 M -13.4 M 32.1 M 17.1 M 42.8 M -51 M 168 M -5.69 M -9.2 M -3.61 M -2.76 M -7.23 M -6.41 M -1.17 M -73 K -2.06 M -1.18 M -511 K -6.18 M -

EBITDA

-53.5 M -49.4 M 372 M 399 M 124 M 616 M -448 M 423 M 157 M 202 M 562 M 509 M 426 M 316 M 252 M 199 M 144 M 114 M 98.3 M -

Operating Expenses

- - - - - - - 2.23 B 2.18 B 2.09 B 1.82 B 1.5 B 1.16 B 872 M 671 M 550 M - - - -

General and Administrative Expenses

2.29 B 2.6 B 2.4 B 2.38 B 607 M 2.34 B 2.17 B 2.23 B 12.7 M 2.09 B 1.82 B 1.5 B 1.16 B 872 M 671 M 550 M 418 M 325 M 276 M -

All numbers in USD currency

Quarterly Income Statement Under Armour

2027-Q1 2026-Q3 2026-Q2 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1 2010-Q3 2010-Q2

Shares

428 M 425 M 428 M 427 M 425 M 428 M 427 M 436 M 432 M 432 M 436 M 445 M 437 M 444 M 445 M - 449 M 454 M 458 M 471 M 476 M 469 M 465 M 456 M - 455 M 454 M 453 M - 451 M 451 M 450 M - 447 M 445 M 443 M - 441 M 440 M 439 M - - - 434 M - 216 M 216 M 429 M - 214 M 213 M 212 M - 211 M 211 M 210 M - 105 M 104 M 104 M - 103 M 103 M 51.4 M 50.9 M 50.8 M

Net Income

545 K -431 M -18.8 M -2.61 M -431 M -18.8 M -2.61 M -305 M 1.23 M 170 M -305 M 8.55 M 111 M 105 M 10 M - 122 M 86.9 M 7.68 M -59.6 M 110 M 282 M 173 M 77.8 M 184 M 38.9 M -183 M -590 M -15.3 M 102 M -17.3 M 22.5 M 4.22 M 75.3 M -95.5 M -30.2 M -87.9 M 54.2 M -12.3 M -2.27 M 103 M 128 M 6.34 M 19.2 M 106 M 100 M 14.8 M 11.7 M 87.7 M 89.1 M 17.7 M 13.5 M 64.2 M 72.8 M 17.6 M 7.81 M 50.1 M 57.3 M 6.67 M 14.7 M 32.6 M 46 M 6.24 M 12.1 M 34.9 M 3.5 M

Revenue

1.1 B 1.33 B 1.33 B 1.13 B 1.33 B 1.33 B 1.13 B 1.18 B 1.4 B 1.4 B 1.18 B 1.32 B 1.49 B 1.57 B 1.32 B - 1.58 B 1.57 B 1.35 B 1.3 B 1.53 B 4.43 B 2.9 B 1.26 B 1.4 B 1.43 B 708 M 930 M 1.44 B 1.43 B 1.19 B 1.2 B 1.39 B 1.44 B 1.17 B 1.19 B 1.37 B 1.41 B 1.09 B 1.12 B 1.31 B 1.47 B 1 B 1.05 B - 1.17 B 752 M 780 M - 911 M 589 M 625 M - 706 M 443 M 462 M - 562 M 359 M 377 M - 455 M 284 M 305 M - -

Cost of Revenue

504 M 738 M 703 M 588 M 738 M 703 M 588 M 621 M 736 M 703 M 621 M 709 M 815 M 818 M 705 M - 883 M 860 M 719 M 696 M 753 M 2.19 B 1.44 B 629 M - 747 M 358 M 499 M - 740 M 637 M 660 M - 778 M 648 M 662 M - 760 M 590 M - - - - - - - - - - - - - - - - - - - - - - - - - - -

Gross Profit

594 M 590 M 631 M 546 M 590 M 631 M 546 M 563 M 665 M 696 M 563 M 608 M 671 M 749 M 611 M - 698 M 714 M 630 M 605 M 776 M 2.23 B 1.46 B 629 M 694 M 686 M 349 M 431 M 682 M 690 M 554 M 545 M 625 M 665 M 527 M 523 M 594 M 649 M 501 M 508 M 584 M 699 M 478 M 481 M 562 M 587 M 379 M 378 M 446 M 465 M 300 M 301 M 350 M 350 M 220 M 217 M 254 M 280 M 169 M 175 M 208 M 225 M 135 M 145 M 167 M 99.9 M

Operating Income

46.7 M -150 M 17 M 3.32 M -150 M 17 M 3.32 M -300 M 13.5 M 173 M -300 M 20.9 M 71.4 M 139 M 22.4 M - 94.7 M 119 M 34.5 M -46 M 86.1 M 379 M 293 M 107 M 55.8 M 58.6 M -170 M -558 M 74.1 M 139 M -11.5 M 35.3 M -10.4 M 119 M -105 M -28.7 M -37.1 M 62.2 M -4.78 M 7.54 M 164 M 199 M 19.4 M 34.9 M 178 M 171 M 31.9 M 27.7 M 146 M 146 M 34.7 M 26.9 M 98.5 M 121 M 32.3 M 13.5 M 81.6 M 91 M 11.7 M 24.4 M 55.3 M 75 M 11.4 M 21.1 M 56.7 M 6.89 M

Interest Expense

-7.01 M -1.58 M -942 K -4.7 M -1.58 M -942 K -4.7 M -2.73 M -2.56 M -3.42 M -2.73 M -6.38 M 47.9 M -6.1 M -6.06 M - 47.3 M -5.77 M -14.2 M -51 K 24 M -43.9 M -68 M -7.18 M - -7.18 M -4.84 M 1.53 M - -429 K -1.13 M -667 K - -4.29 M -8.07 M 2.89 M - -1.07 M -2.88 M 2.57 M - -772 K -2.96 M 2.7 M - -3.24 M 41 K -1.84 M - -3.36 M 247 K -874 K - -113 K -797 K 240 K - -31 K 510 K 82 K - -1.19 M -362 K -510 K -184 K -167 K

EBITDA

72.2 M -66.2 M 73.3 M 32.3 M -123 M 43.9 M 32.3 M -267 M 44.4 M 205 M -267 M 57.1 M 105 M 173 M 57.1 M - 129 M 153 M 68.8 M -11 M 119 M 485 M 366 M 142 M 55.8 M 183 M -82.8 M -510 M 74.1 M 279 M 82.2 M 81.7 M -10.4 M 254 M -13.6 M 17.4 M -37.1 M 191 M 78.6 M 48.5 M 164 M 305 M 87.1 M 66.9 M 178 M 244 M 78 M 49 M 146 M 198 M 69 M 44.2 M 98.5 M 157 M 55.9 M 25.3 M 81.6 M 123 M 32.4 M 35 M 55.3 M 101 M 28.1 M 29.8 M 79.9 M 22.2 M

General and Administrative Expenses

543 M 665 M 582 M 530 M 665 M 582 M 530 M 837 M 638 M 520 M 837 M 587 M 599 M 609 M 589 M - 604 M 594 M 596 M 594 M 676 M 1.82 B 1.14 B 515 M - 554 M 480 M 553 M - 551 M 566 M 510 M - 528 M 553 M 515 M - 502 M 503 M 500 M - 499 M 458 M 446 M - 416 M 347 M 350 M - 319 M 265 M 274 M - 229 M 187 M 203 M - 189 M 158 M 151 M - 150 M 123 M 124 M 111 M 93 M

All numbers in USD currency

The income statement is one of the three key financial reports of a company Under Armour (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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