Under Armour Inc. announced its unaudited financial results for the fourth quarter and full fiscal year 2025, ending March 31, 2025. The company reported a decline in revenue by 11 percent to $1.2 billion, with North American revenue decreasing 11 percent to $689 million and international revenue declining 13 percent to $489 million. The decline in international revenue included a 2 percent decrease in EMEA, a 27 percent drop in the Asia-Pacific region, and a 10 percent decrease in Latin America. Looking forward, Under Armour provided an outlook for the first quarter of fiscal 2026, anticipating a revenue decrease of 4 to 5 percent compared to the same quarter of fiscal 2025. This includes an expected 4 to 5 percent decline in North America, high single-digit growth in EMEA, and a mid-teen percentage decline in the Asia-Pacific region. The company expects its gross margin to increase by 40 to 60 basis points, driven by a favorable product mix and lower costs, although partially offset by a less favorable channel and regional mix and anticipated tariff impacts. Selling, general, and administrative expenses are projected to decrease approximately 40 percent compared to the previous year's first quarter, which included a significant litigation settlement expense. Adjusted operating income for the first quarter of fiscal 2026 is forecasted between $20 million and $30 million. Adjusted diluted earnings per share are anticipated to be between $0.01 and $0.03. Under Armour's strategic efforts focus on elevating products and storytelling, tightening distribution, and refining its operating model to reignite brand relevance and achieve sustainable, profitable growth.