Under Armour (UA) Change in Inventory (2009 - 2026)
Under Armour (UA) reported Change in Inventory of -$160.9 million for Q1 2026, little changed on a YoY basis from -$161.6 million in Q1 2025, and down 557.05% quarter-over-quarter from $35.2 million in Q4 2025.
Under Armour (UA) Change in Inventory (2009 - 2026) Analysis & Trends
Under Armour has reported Change in Inventory for 18 years, with the latest figure at -$160.9 million in Q1 2026.
- For the quarter ending Q1 2026, Change in Inventory changed 0.4% year-over-year to -$160.9 million; the trailing twelve-month figure through Mar 2026 stood at -$39.3 million (down 259.28% YoY), and the FY2026 full-year result was -$39.3 million, down 259.28% from the prior year.
- Change in Inventory for Q1 2026 stood at -$160.9 million, down from $35.2 million in the prior quarter.
- The five-year high for Change in Inventory was $266.8 million in Q3 2022, with the low at -$175.1 million in Q3 2023.
- Historically, Change in Inventory has averaged $9.6 million across 5 years, with a median of -$6.6 million in 2024.
- Annual changes were most pronounced in 2022 — Change in Inventory surged 1884.06% — and 2025, when it plunged 493.33%.
- Under Armour's Change in Inventory stood at $266.8 million in 2022, then slumped by 115.94% to -$42.5 million in 2023, then surged by 112.47% to $5.3 million in 2024, then surged by 563.88% to $35.2 million in 2025, then tumbled by 557.05% to -$160.9 million in 2026.
- The last three Change in Inventory figures came in at -$160.9 million (Q1 2026), $35.2 million (Q4 2025), and -$110.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Ermenegildo Zegna | 190,651.29 Bn | 190,651.02 Bn | - | - |
| 2 | Ralph Lauren | 24.63 Bn | 22.56 Bn | 1.38 Bn | -125.00 Mn |
| 3 | Levi Strauss | 9.37 Bn | 8.55 Bn | 1.08 Bn | - |
| 4 | V F | 6.90 Bn | 6.69 Bn | 1.22 Bn | -277.08 Mn |
| 5 | Kontoor Brands | 4.43 Bn | 4.32 Bn | 470.76 Mn | -192.56 Mn |
| 6 | Pvh | 3.76 Bn | 3.17 Bn | 1.19 Bn | -69.20 Mn |
| 7 | Columbia Sportswear | 3.54 Bn | 3.00 Bn | 394.96 Mn | -61.58 Mn |
| 8 | Under Armour | 2.50 Bn | 1.58 Bn | 492.04 Mn | -160.94 Mn |
| 9 | Figs | 1.99 Bn | 1.72 Bn | 108.30 Mn | 11.42 Mn |
| 10 | G Iii Apparel | 1.49 Bn | 1.10 Bn | 347.75 Mn | -42.17 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -160.94 Mn |
| Mar 31, 2026 | -160.94 Mn |
| Dec 31, 2025 | 35.21 Mn |
| Dec 31, 2025 | 35.21 Mn |
| Sep 30, 2025 | -110.15 Mn |
| Sep 30, 2025 | -110.15 Mn |
| Jun 30, 2025 | 196.57 Mn |
| Jun 30, 2025 | 196.57 Mn |
| Mar 31, 2025 | -160.30 Mn |
| Mar 31, 2025 | -160.30 Mn |
| Dec 31, 2024 | 5.30 Mn |
| Dec 31, 2024 | 5.30 Mn |
| Sep 30, 2024 | -18.57 Mn |
| Sep 30, 2024 | -18.57 Mn |
| Jun 30, 2024 | 162.62 Mn |
| Jun 30, 2024 | 162.62 Mn |
| Mar 31, 2024 | -143.91 Mn |
| Mar 31, 2024 | -143.91 Mn |
| Dec 31, 2023 | -42.54 Mn |
| Dec 31, 2023 | -42.54 Mn |