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Discontinued — last reported Q4 '26

Net debt at other companies

Cloudflare, Inc. logo
Cloudflare, Inc.NET
-5×-5.4×
Zscaler logo
ZscalerZS
19.2×+12.3×
Citigroup logo
CitigroupC
0.1×-0.3×
Morgan Stanley logo
Morgan StanleyMS
-0.2×
Wells Fargo & Company logo
Wells Fargo & CompanyWFC
0.6×-1.3×
American Express logo
American ExpressAXP
0.3×+0.3×

Other financials

Income statement

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Revenue$1.2B-0.8%
Gross profit$492.0M-10.7%
Operating income-$33.7M+53.2%
Net income-$43.4M+35.7%
EPS (diluted)-$0.10+37.5%

Balance sheet

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Cash & equivalents$309.2M-40.0%
Total debt$1.9B+49.3%
Total equity$1.4B-25.2%
Total assets$4.4B+2.7%

Cash flow

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Operating cash flow-$332.2M-64.3%
CapEx$15.1M-47.6%
Free cash flow-$347.3M-50.3%

Valuation

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Market cap$2.77B+1.5%
Enterprise value$4.4B+26.4%
P/S0.6×0.0×

Profitability

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Gross margin45.5%-2.4pp
Operating margin-3.3%-0.3pp
Net margin-10%-27.8pp
FCF margin-3.3%-0.7pp

Returns & leverage

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Return on equity-30%-59.6pp
Debt / equity1.4×+0.7×
Current ratio1.6×-0.5×

Where this comes from

Calculated from Under Armour, Inc.’s reported figures.

The source filing: Under Armour, Inc.’s 10-K, filed May 19, 2026. Open the filing →

Filed
May 19, 2026, 9:06 AM EDT
Fiscal year
FY2026
Accession
0001336917-26-000073

FAQ

What is Under Armour, Inc.'s net debt?
Under Armour, Inc. (UA) reported net debt of $1.63B in Q1 2026.
How has Under Armour, Inc.'s net debt changed year-over-year?
Under Armour, Inc.'s net debt increased by 107.9% year-over-year, from $784.4M to $1.63B.
What is the long-term trend for Under Armour, Inc.'s net debt?
Over 5 years (2021 to 2026), Under Armour, Inc.'s net debt has grown at a 21.6% compound annual growth rate (CAGR), from $612.48M to $1.63B.
What does net debt mean?
Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

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