Under Armour, Inc. 8K

Under Armour reported weaker GAAP results for Q3 fiscal 2026 due to restructuring, litigation, and a large non-cash tax valuation allowance, while maintaining positive adjusted earnings and narrowing its expected full-year revenue decline and outlook metrics.

On February 6, 2026, Under Armour, Inc. reported unaudited financial results for its third quarter of fiscal 2026 ended December 31, 2025, highlighting a 5% year-over-year revenue decline to $1.33 billion, a gross margin compression of 310 basis points to 44.4% mainly from higher tariffs and mix, and a GAAP net loss of $431 million (driven largely by a $247 million non-cash valuation allowance on U.S. federal deferred tax assets and restructuring- and litigation-related items), while adjusted net income was $37 million and adjusted operating income was $26 million; the company also updated its fiscal 2026 outlook to reflect an expected ~4% revenue decline, a roughly 190-basis-point gross margin decline, a GAAP operating loss of about $154 million but adjusted operating income of roughly $110 million, adjusted EPS of $0.10–$0.11, and provided an update on its Fiscal 2025 Restructuring Plan, now expected to cost up to $255 million with remaining charges to be recognized by year-end fiscal 2026.

Filing Facts

CIK

1336917

Ticker

-

Form

8K

Source Type

sec

Accession

0001336917-26-000025

Alert Tier

7