Company: UAA
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001336917-25-000198
Chunk: 101

Company: Under Armour, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 101
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urchase program.

NOTE 10. REVENUESThe following tables summarize the Company's net revenues, disaggregated by product category and distribution channels: Three Months Ended September 30,Six Months Ended September 30,2025202420252024Net revenues by product category:Apparel$936,483 $947,188 $1,683,075 $1,704,980 Footwear263,626 312,760 529,481 623,149 Accessories113,077 116,381 213,155 208,926 Net Sales1,313,186 1,376,329 2,425,711 2,537,055 License revenues28,984 24,796 53,346 46,467 Corporate Other(8,790)(2,102)(11,609)(834)    Total net revenues$1,333,380 $1,399,023 $2,467,448 $2,582,688 Net revenues by distribution channel:Wholesale$775,050 $825,993 $1,424,100 $1,506,506 Direct-to-consumer538,136 550,336 1,001,611 1,030,549 Net Sales1,313,186 1,376,329 2,425,711 2,537,055 License revenues28,984 24,796 53,346 46,467 Corporate Other(8,790)(2,102)(11,609)(834)    Total net revenues$1,333,380 $1,399,023 $2,467,448 $2,582,688 

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The Company records reductions to revenue for estimated customer returns, allowances, markdowns and discounts. These reserves are included within customer refund liability and the value of the inventory associated with reserves for sales returns are included within prepaid expenses and other current assets on the Condensed Consolidated Balance Sheets. The following table presents the customer refund liability, as well as the associated value of inventory for the periods indicated:September 30, 2025March 31, 2025Customer refund liability$134,957 $146,021 Inventory associated with reserves for sales returns$30,329 $33,609 Contract LiabilitiesContract liabilities are recorded when a customer pays consideration, or the Company has a right to an amount of consideration that