What is Under Armour's net debt?

Under Armour (UAA) reported net debt of $1.63B in Q1 2026.

How has Under Armour's net debt changed year-over-year?

Under Armour'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's net debt?

Over 5 years (2021 to 2026), Under Armour'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.

Under Armour UAA Net debt

Discontinued — last reported Q4 '26

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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$2.58B-6.3%

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’s reported figures.

$1.9Btotal debt−$309.2Mcash and equivalents=$1.63B

The official record: Under Armour’s 10-K, filed May 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Under Armour's net debt?: Under Armour (UAA) reported net debt of $1.63B in Q1 2026.
How has Under Armour's net debt changed year-over-year?: Under Armour'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's net debt?: Over 5 years (2021 to 2026), Under Armour'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.