Under Armour, Inc. filed its quarterly report on Form 10-Q for the three months ended June 30, 2026, with the U.S. Securities and Exchange Commission, disclosing revenue, earnings, and balance sheet data for the period.

Key Highlights

  • Net revenues: $1,097,927 thousand for the three months ended June 30, 2026, compared with $1,134,068 thousand in the same period of 2025.
  • Gross profit improved: Gross profit was $593,832 thousand versus $546,496 thousand a year earlier, as cost of goods sold fell from $587,572 thousand to $504,095 thousand.
  • Net income: $545 thousand for the quarter, compared with a net loss of $2,612 thousand in the three months ended June 30, 2025.
  • Restructuring charges declined: Restructuring charges were $4,008 thousand versus $12,828 thousand in the prior-year quarter, according to the filing.
  • Total assets: $4,098,087 thousand as of June 30, 2026, down from $4,415,694 thousand as of March 31, 2026.
  • Cash and cash equivalents: $395,981 thousand as of June 30, 2026, up from $309,168 thousand as of March 31, 2026.
  • Shares outstanding: As of July 31, 2026, the company reported 188,839,506 shares of Class A Common Stock, 34,450,000 shares of Class B Convertible Common Stock, and 206,256,035 shares of Class C Common Stock outstanding.

Under Armour's June 2026 Quarter: Revenue, Profitability, and Balance Sheet Shifts

According to the filing, Under Armour reported net revenues of $1,097,927 thousand for the three months ended June 30, 2026, a decrease from $1,134,068 thousand in the comparable prior-year period. Despite the revenue decline, the company disclosed that gross profit rose to $593,832 thousand from $546,496 thousand, reflecting a reduction in cost of goods sold from $587,572 thousand to $504,095 thousand. Income from operations was $46,739 thousand, compared with $3,323 thousand for the three months ended June 30, 2025.

The filing reported net income of $545 thousand for the quarter, compared with a net loss of $2,612 thousand a year earlier. Basic and diluted net income per share of Class A, B, and C common stock were each reported as $0.00 for the current period, versus $(0.01) per share in the prior-year quarter. Selling, general and administrative expenses increased to $543,085 thousand from $530,345 thousand. Restructuring charges were $4,008 thousand for the three months ended June 30, 2026, compared with $12,828 thousand in the same period of 2025.

On the balance sheet, total assets decreased to $4,098,087 thousand as of June 30, 2026 from $4,415,694 thousand as of March 31, 2026, with restricted investments falling to zero from $605,396 thousand and inventories rising to $1,109,250 thousand from $914,751 thousand. Total liabilities declined to $2,669,971 thousand from $3,001,334 thousand over the same period, in part reflecting the elimination of current maturities of long-term debt, which had been $599,835 thousand as of March 31, 2026. Total stockholders' equity rose to $1,428,116 thousand from $1,414,360 thousand. Class A Common Stock is listed on the New York Stock Exchange under the ticker UAA, and Class C Common Stock is listed on the New York Stock Exchange under the ticker UA.

What Was Disclosed

Under Armour's Form 10-Q for the three months ended June 30, 2026 disclosed quarterly revenues, profitability, restructuring activity, and balance sheet figures, including a return to net income and a reduction in total liabilities compared with the prior fiscal quarter end.