Under Armour, Inc.
UAA, UA · Apparel & Other Finishd Prods of Fabrics & Similar Matl · 451.0M shares · -0%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $32M (gross $75M, SBC $43M)
Reference price $5.00 · est. market cap ~$2.3B — last insider purchase, 2026-05-14 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C54Athletic-apparel brand mid-turnaround with operating losses, declining revenue, and cash burn this year.
Strengths
- Recognized global brand and gross margin — gross margin 45%
- Manageable leverage — D/E 0.4 (58th)
Risks
- Operating/net losses — operating margin -3%, net margin -10%
- Declining revenue and cash burn — revenue -4%, FCF -$162M
- Brand-repositioning/turnaround execution — per 10-K
Notable findings
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC, Bridgewater Associates, LP
- Cash burnNegative free cash flow (-162.2M)
- Exec changeRecent 8-K item 5.02 8-K ↗
- Net lossNet loss (net margin -10.0%)
- Insider buyingInsider buying — 14 open-market buy(s) by 1 insider(s) (~$86M, last 6mo) Form 4 ↗
- Revenue declineRevenue -11.8% YoY
- Notable holderHeld by 8 notable fund(s): STATE STREET CORP, STATE STREET CORP, CITADEL ADVISORS LLC +5 more (as of 2026-03-31)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
45.5%
Operating margin
-3.3%
Net margin
-10.0%
Return on equity
-35.0%
Return on assets
-11.2%
ROIC
-6.4%
Revenue growth (QoQ)
-11.8%
Debt / equity
0.4×
Current ratio
1.6×
Free cash flow
-$162M
EBITDA
-$53M
Tangible book value
$917M
Cash & investments
$309M
Cash runway
8q
Stock comp / revenue
0.9%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-15 | Shadman Mehri | Tax withheld | 23K | — |
| 2026-05-15 | Peake Adam | Tax withheld | 8.4K | — |
| 2026-05-15 | Trent Kara | Tax withheld | 55K | — |
| 2026-05-15 | Aumen Eric J | Tax withheld | 7.5K | — |
| 2026-05-15 | Plank Kevin A | Tax withheld | 62K | — |
| 2026-05-15 | Liedtke Eric | Tax withheld | 34K | — |
| 2026-05-15 | Curran Shawn | Tax withheld | 53K | — |
| 2026-05-14 | WATSA V PREM ET AL | Buy | 100 | $5.00 |
| 2026-05-14 | Trent Kara | Grant | 227K | — |
| 2026-05-14 | Curran Shawn | Grant | 189K | — |
| 2026-05-14 | Peake Adam | Grant | 189K | — |
| 2026-05-14 | Aumen Eric J | Grant | 60K | — |
| 2026-05-13 | WATSA V PREM ET AL | Buy | 740K | $4.97 |
| 2026-05-12 | WATSA V PREM ET AL | Buy | 439K | $4.99 |
| 2026-04-01 | Sweeney Robert John | Grant | 4.9K | — |
| 2026-04-01 | Fitzpatrick Dawn N. | Grant | 4.9K | — |
| 2026-04-01 | El-Erian Mohamed | Grant | 12K | — |
| 2026-04-01 | COLTHARP DOUGLAS E | Grant | 6.4K | — |
| 2026-04-01 | Whitesell Patrick | Grant | 4.5K | — |
| 2026-04-01 | Gibbs David W | Grant | 5.1K | — |
| 2026-04-01 | Everson Carolyn | Grant | 893 | — |
| 2026-02-15 | Aumen Eric J | Tax withheld | 2.4K | — |
| 2026-02-13 | Trent Kara | Grant | 36K | — |
| 2026-02-13 | Peake Adam | Grant | 50K | — |
| 2026-01-28 | WATSA V PREM ET AL | Buy | 90K | $6.29 |
| 2026-01-28 | WATSA V PREM ET AL | Buy | 1.0M | $6.20 |
| 2026-01-27 | WATSA V PREM ET AL | Buy | 842K | $6.20 |
| 2026-01-27 | WATSA V PREM ET AL | Buy | 687K | $6.30 |
| 2026-01-26 | WATSA V PREM ET AL | Buy | 266K | $6.30 |
| 2026-01-26 | WATSA V PREM ET AL | Buy | 730K | $6.18 |
| 2026-01-23 | WATSA V PREM ET AL | Buy | 928K | $6.15 |
| 2026-01-22 | WATSA V PREM ET AL | Buy | 411K | $6.15 |
| 2026-01-21 | WATSA V PREM ET AL | Buy | 5.0M | $5.89 |
| 2026-01-20 | WATSA V PREM ET AL | Buy | 1.8M | $5.62 |
| 2026-01-16 | WATSA V PREM ET AL | Buy | 1.8M | $5.60 |
| 2026-01-02 | Fitzpatrick Dawn N. | Grant | 5.4K | — |
| 2026-01-02 | COLTHARP DOUGLAS E | Grant | 7.0K | — |
| 2026-01-02 | Gibbs David W | Grant | 5.7K | — |
| 2026-01-02 | Sweeney Robert John | Grant | 5.4K | — |
| 2026-01-02 | Everson Carolyn | Grant | 986 | — |
| 2026-01-02 | Whitesell Patrick | Grant | 4.9K | — |
| 2026-01-02 | El-Erian Mohamed | Grant | 4.4K | — |
| 2025-12-30 | WATSA V PREM ET AL | Buy | 11.5M | $5.14 |
| 2025-12-30 | WATSA V PREM ET AL | Buy | 1.7M | $4.95 |
| 2025-12-29 | WATSA V PREM ET AL | Buy | 734K | $4.48 |
| 2025-12-29 | WATSA V PREM ET AL | Buy | 1.8M | $4.73 |
| 2025-12-26 | WATSA V PREM ET AL | Buy | 386K | $4.42 |
| 2025-12-26 | WATSA V PREM ET AL | Buy | 1.0M | $4.64 |
| 2025-12-24 | WATSA V PREM ET AL | Buy | 876K | $4.62 |
| 2025-12-24 | WATSA V PREM ET AL | Buy | 438K | $4.40 |
| 2025-12-23 | WATSA V PREM ET AL | Buy | 621K | $4.38 |
| 2025-12-23 | WATSA V PREM ET AL | Buy | 2.1M | $4.54 |
| 2025-12-22 | WATSA V PREM ET AL | Buy | 2.4M | $4.36 |
| 2025-12-22 | WATSA V PREM ET AL | Buy | 5.4M | $4.53 |
| 2025-11-15 | Shadman Mehri | Tax withheld | 6.1K | — |
| 2025-11-15 | Curran Shawn | Tax withheld | 11K | — |
| 2025-10-01 | COLTHARP DOUGLAS E | Grant | 7.3K | — |
| 2025-10-01 | Whitesell Patrick | Grant | 5.1K | — |
| 2025-10-01 | Sweeney Robert John | Grant | 5.6K | — |
| 2025-10-01 | Gibbs David W | Grant | 5.9K | — |
| 2025-10-01 | Fitzpatrick Dawn N. | Grant | 5.6K | — |
| 2025-10-01 | Everson Carolyn | Grant | 1.0K | — |
| 2025-10-01 | El-Erian Mohamed | Grant | 4.6K | — |
| 2025-09-03 | DEVARD JERRI | Grant | 31K | — |
| 2025-09-03 | El-Erian Mohamed | Grant | 31K | — |
| 2025-09-03 | Everson Carolyn | Grant | 31K | — |
| 2025-09-03 | Fitzpatrick Dawn N. | Grant | 31K | — |
| 2025-09-03 | Gibbs David W | Grant | 31K | — |
| 2025-09-03 | Olson Eric T | Grant | 31K | — |
| 2025-09-03 | Smith Eugene Dubois | Grant | 31K | — |
| 2025-09-03 | Sweeney Robert John | Grant | 31K | — |
| 2025-09-03 | Whitesell Patrick | Grant | 31K | — |
| 2025-09-03 | COLTHARP DOUGLAS E | Grant | 31K | — |
| 2025-08-21 | Sweeney Robert John | Buy | 100K | $4.88 |
| 2025-08-18 | El-Erian Mohamed | Buy | 100K | $5.20 |
| 2025-08-15 | Liedtke Eric | Tax withheld | 17K | — |
| 2025-08-13 | Fitzpatrick Dawn N. | Buy | 100K | $4.93 |
| 2025-08-13 | Aumen Eric J | Buy | 2.0K | $4.89 |
| 2025-07-01 | El-Erian Mohamed | Grant | 3.3K | — |
| 2025-07-01 | Whitesell Patrick | Grant | 3.7K | — |
| 2025-07-01 | Sweeney Robert John | Grant | 3.3K | — |
| 2025-07-01 | KATZ KAREN | Grant | 3.3K | — |
| 2025-07-01 | Gibbs David W | Grant | 4.3K | — |
| 2025-07-01 | Fitzpatrick Dawn N. | Grant | 3.3K | — |
| 2025-07-01 | Everson Carolyn | Grant | 742 | — |
| 2025-07-01 | COLTHARP DOUGLAS E | Grant | 5.3K | — |
| 2025-06-03 | Saidi Yassine | Tax withheld | 28K | — |
| 2025-06-03 | Shadman Mehri | Tax withheld | 17K | — |
| 2025-06-03 | Trent Kara | Tax withheld | 20K | — |
| 2025-06-03 | Plank Kevin A | Tax withheld | 20K | — |
| 2025-06-03 | Curran Shawn | Tax withheld | 26K | — |
| 2025-06-03 | Bergman David | Tax withheld | 33K | — |
| 2025-06-03 | Aumen Eric J | Tax withheld | 3.3K | — |
| 2025-06-03 | Shadman Mehri | Sell | 16K | $6.14 |
| 2025-05-15 | Plank Kevin A | Tax withheld | 63K | — |
| 2025-05-15 | Plank Kevin A | Grant | 2.0M | — |
| 2025-05-15 | Saidi Yassine | Grant | 202K | — |
| 2025-05-15 | Liedtke Eric | Grant | 202K | — |
| 2025-05-15 | Curran Shawn | Grant | 202K | — |
| 2025-05-15 | Bergman David | Tax withheld | 32K | — |
| 2025-05-15 | Aumen Eric J | Grant | 28K | — |
| 2025-05-15 | Shadman Mehri | Tax withheld | 11K | — |
| 2025-05-15 | Trent Kara | Grant | 202K | — |
| 2025-05-15 | Trent Kara | Tax withheld | 5.6K | — |
| 2025-05-15 | Trent Kara | Grant | 202K | — |
| 2025-05-15 | Trent Kara | Tax withheld | 5.6K | — |
| 2025-05-15 | Shadman Mehri | Tax withheld | 11K | — |
| 2025-05-15 | Saidi Yassine | Grant | 202K | — |
| 2025-05-15 | Liedtke Eric | Grant | 202K | — |
| 2025-05-15 | Curran Shawn | Grant | 202K | — |
| 2025-05-15 | Bergman David | Tax withheld | 32K | — |
| 2025-05-05 | Curran Shawn | Grant | 98K | — |
| 2025-05-05 | Liedtke Eric | Grant | 64K | — |
| 2025-05-05 | Shadman Mehri | Grant | 63K | — |
| 2025-05-05 | Shadman Mehri | Grant | 67K | — |
| 2025-05-05 | Bergman David | Grant | 118K | — |
| 2025-05-05 | Trent Kara | Grant | 70K | — |
| 2025-05-05 | Bergman David | Grant | 111K | — |
| 2025-05-05 | Curran Shawn | Grant | 92K | — |
| 2025-05-05 | Liedtke Eric | Grant | 60K | — |
| 2025-05-05 | Saidi Yassine | Grant | 92K | — |
| 2025-05-05 | Saidi Yassine | Grant | 98K | — |
| 2025-05-05 | Trent Kara | Grant | 75K | — |
| 2025-04-15 | Sweeney Robert John | Grant | 12K | — |
| 2025-04-15 | Smith Eugene Dubois | Grant | 19K | — |
| 2025-04-15 | Smith Eugene Dubois | Grant | 12K | — |
| 2025-04-15 | Sweeney Robert John | Grant | 19K | — |
| 2025-04-15 | Fitzpatrick Dawn N. | Grant | 12K | — |
| 2025-04-15 | Fitzpatrick Dawn N. | Grant | 19K | — |
| 2025-04-01 | Everson Carolyn | Grant | 820 | — |
| 2025-04-01 | Gibbs David W | Grant | 4.7K | — |
| 2025-04-01 | KATZ KAREN | Grant | 3.7K | — |
| 2025-04-01 | Whitesell Patrick | Grant | 4.1K | — |
| 2025-04-01 | COLTHARP DOUGLAS E | Grant | 5.8K | — |
| 2025-04-01 | El-Erian Mohamed | Grant | 3.7K | — |
| 2025-02-15 | Shadman Mehri | Tax withheld | 952 | — |
| 2025-02-15 | Plank Kevin A | Tax withheld | 23K | — |
| 2025-02-15 | Bergman David | Tax withheld | 5.8K | — |
| 2025-02-15 | Aumen Eric J | Tax withheld | 1.9K | — |
| 2025-02-15 | Trent Kara | Tax withheld | 485 | — |
| 2025-02-15 | Saidi Yassine | Tax withheld | 5.3K | — |
| 2025-01-02 | KATZ KAREN | Grant | 3.1K | — |
| 2025-01-02 | Everson Carolyn | Grant | 687 | — |
| 2025-01-02 | Gibbs David W | Grant | 3.9K | — |
| 2025-01-02 | COLTHARP DOUGLAS E | Grant | 4.9K | — |
| 2025-01-02 | El-Erian Mohamed | Grant | 3.1K | — |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (1)
Suppliers (0)
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-12 | Results2.05Exhibits | filing ↗ |
| 2026-02-12 | Exec/director changeExhibits | filing ↗ |
| 2026-02-06 | ResultsExhibits | filing ↗ |
| 2026-01-15 | Exec/director changeExhibits | filing ↗ |
| 2025-11-14 | 2.05Reg FDExhibits | filing ↗ |
| 2025-11-06 | ResultsExec/director changeOtherExhibits | filing ↗ |
| 2025-09-08 | Shareholder voteExhibits | filing ↗ |
| 2025-08-19 | 1.02 | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-K | 2026-05-19 | 2026-03-31 | 0001336917-26-000073 ↗ |
| 8-K | 2026-05-12 | 2026-05-11 | 0001336917-26-000059 ↗ |
| 8-K | 2026-02-12 | 2026-02-11 | 0001336917-26-000029 ↗ |
| 10-Q | 2026-02-06 | 2025-12-31 | 0001336917-26-000027 ↗ |
| 8-K | 2026-02-06 | 2026-02-06 | 0001336917-26-000025 ↗ |
| 8-K | 2026-01-15 | 2026-01-14 | 0001336917-26-000017 ↗ |
| 8-K | 2025-11-14 | 2025-11-13 | 0001336917-25-000200 ↗ |
| 10-Q | 2025-11-06 | 2025-09-30 | 0001336917-25-000198 ↗ |
| 8-K | 2025-11-06 | 2025-11-03 | 0001336917-25-000193 ↗ |
| 8-K | 2025-09-08 | 2025-09-03 | 0001336917-25-000173 ↗ |
| 8-K | 2025-08-19 | 2025-08-18 | 0001336917-25-000147 ↗ |
| 10-Q | 2025-08-08 | 2025-06-30 | 0001336917-25-000136 ↗ |