Under Armour, Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.97B | $5.16B | $5.70B | $5.90B | $5.68B | $4.47B | $5.27B | $5.19B |
| Cost of Revenue | $2.71B | $2.69B | $3.07B | $3.26B | $2.82B | $2.31B | $2.80B | $2.85B |
| Gross Profit | $2.26B | $2.47B | $2.63B | $2.64B | $2.86B | $2.16B | $2.47B | $2.34B |
| Gross Margin | 45.5% | 47.9% | 46.1% | 44.8% | 50.3% | 48.3% | 46.9% | 45.1% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $2.29B | $2.60B | $2.40B | $2.38B | $2.34B | $2.17B | $2.23B | $2.18B |
| Operating Income | $-163.1M | $-185.2M | $229.8M | $263.6M | $475.2M | $-613.4M | $236.8M | $-25.0M |
| Operating Margin | -3.3% | -3.6% | 4.0% | 4.5% | 8.4% | -13.7% | 4.5% | -0.5% |
| Interest Expense | $52.9M | $24.6M | $22.8M | $24.1M | $45.7M | — | — | — |
| Pretax Income | $-200.7M | $-204.8M | $262.1M | $267.9M | $379.9M | $-492.5M | $209.8M | $-67.8M |
| Income Tax Expense | $294.8M | $-2.9M | $30.0M | $-108.6M | $30.2M | $49.4M | $70.0M | $-20.6M |
| Net Income | $-495.6M | $-201.3M | $232.0M | $374.5M | $351.0M | $-549.2M | $92.1M | $-46.3M |
| Net Margin | -10.0% | -3.9% | 4.1% | 6.3% | 6.2% | -12.3% | 1.7% | -0.9% |
| EPS (Basic) | $-1.16 | $-0.47 | $0.53 | $0.83 | $0.75 | $-1.21 | $0.20 | $-0.10 |
| EPS (Diluted) | $-1.16 | $-0.47 | $0.52 | $0.81 | $0.75 | $-1.21 | $0.20 | $-0.10 |
| Shares Outstanding (Basic) | 426.6M | 432.2M | 440.3M | 451.4M | 465.5M | 454.1M | 451.0M | 445.8M |
| Shares Outstanding (Diluted) | 426.6M | 432.2M | 451.0M | 461.5M | 468.6M | 454.1M | 454.3M | 445.8M |
| Dividends Per Share | — | — | — | — | — | — | — | — |