Company: UAA
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001336917-25-000198
Chunk: 54

Company: Under Armour, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 54
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,582,688 100.0 %Cost of goods sold702,796 52.7 %702,891 50.2 %1,290,368 52.3 %1,323,881 51.3 %Gross profit630,584 47.3 %696,132 49.8 %1,177,080 47.7 %1,258,807 48.7 %Selling, general and administrative expenses581,632 43.6 %519,840 37.2 %1,111,977 45.1 %1,357,157 52.5 %Restructuring charges31,906 2.4 %3,212 0.2 %44,734 1.8 %28,298 1.1 %Income (loss) from operations17,046 1.3 %173,080 12.4 %20,369 0.8 %(126,648)(4.9)%Interest income (expense), net(8,605)(0.6)%(1,747)(0.1)%(12,656)(0.5)%597 — %Other income (expense), net(942)(0.1)%(3,420)(0.2)%(5,637)(0.2)%(6,150)(0.2)%Income (loss) before income taxes7,499 0.6 %167,913 12.0 %2,076 0.1 %(132,201)(5.1)%Income tax expense (benefit)25,940 1.9 %(2,136)(0.2)%23,282 0.9 %3,013 0.1 %Income (loss) from equity method investments(373)— %333 — %(220)— %170 — %Net income (loss)$(18,814)(1.4)%$170,382 12.2 %$(21,426)(0.9)%$(135,044)(5.2)%

Revenues

Net revenues consist of net sales and license revenues. Net sales consist of sales from apparel, footwear and accessories products. Our license revenues primarily consist of fees paid to us by licensees in exchange for the use of our trademarks on their products. The following tables summarize net