Under Armour Inc (U9RA.DE) Q1 2025 Earnings Report

QQ1 2025 delivered a difficult top-line environment for Under Armour, with revenue of $1.1836 billion, down 20.3% year over year and 11.1% quarter over quarter. Gross margin remained solid at 47.5%, producing a gross profit of $562.7 million, but operating profit and net income were negative at -$299.7 million and -$305.4 million respectively, with EPS of -$0.70. Management commentary is not available in the provided transcript dataset, limiting insights into the call beyond the reported numbers. The company generated positive operating cash flow of approximately $153.0 million and free cash flow of about $107.3 million, supporting a cash balance near $903.2 million and a net cash position (net debt of -$289.2 million). The balance sheet reflects a healthy liquidity profile (current ratio ~1.73; quick ratio ~1.08; cash ratio ~0.52) alongside a meaningful inventory level (~$1.12 billion). Despite revenue and earnings pressure, Under Armour retains a durable asset base and positive FCF, which provides flexibility to execute its brand-building and efficiency initiatives. Looking forward, no explicit forward guidance is provided in the dataset; investors should monitor any management commentary on topline stabilization, margin contraction/expansion dynamics, and progress in cost control and working capital optimization.