Under Armour Inc (U9R.DE) Q3 2025 Earnings Report

Under Armour reported QQ3 2025 results with a modest year-over-year revenue uplift and a clear focus on cash generation and balance sheet resilience, even as operating profitability remains thin due to ongoing investments and channel mix. Key takeaways include revenue of USD 1.401 billion, gross profit of USD 665.2 million and a gross margin of 47.48%, while operating income stood at USD 13.5 million (0.96% margin) and EBITDA reached USD 90.9 million (6.49% EBITDA margin). Net income was USD 1.23 million, translating to a net margin of 0.088%, and basic earnings per share of USD 0.0029 (diluted USD 0.0028).

The company generated robust cash flow, with net cash provided by operating activities of USD 311.3 million and free cash flow of USD 262.9 million. The cash balance ended the period at USD 745.2 million, and net debt stood at roughly USD 578.3 million. On the balance sheet, total assets were USD 4.631 billion and total liabilities USD 2.646 billion, with equity of USD 1.984 billion, indicating meaningful liquidity headroom despite leverage. The business also exhibits a long cash conversion cycle, underscoring working capital discipline as a key lever for future margin expansion.

Note: There is no earnings call transcript data available in the provided dataset, so management quotes and call-specific guidance could not be incorporated. The analysis relies on reported results and historical quarterly trends; future commentary from management could alter the outlook as new information becomes available.