Amer Sports Inc. (AS) financial statements: income statement, balance sheet and cash flow
Amer Sports Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Amer Sports Inc. reported revenue of $6.6B (+26.7% year on year) and net income of $440.4M (+461.7% year on year).
Income statement
Amer Sports Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Revenue
$6.6B
$5.2B
$4.4B
Cost of goods sold
($2.8B)
($2.3B)
($2.1B)
Gross profit
$3.8B
$2.9B
$2.3B
Selling, general and administrative expenses
($3.1B)
($2.4B)
($2.0B)
Impairment losses
($14.0M)
($1.9M)
($2.4M)
Other operating income
$36.1M
$31.3M
$11.2M
Operating profit
$701.8M
$470.8M
$302.5M
Interest expense
($97.7M)
($219.0M)
—
Foreign currency exchange gains/(losses), net & other finance costs
$14.0M
—
—
Loss on debt extinguishment
$0
($31.8M)
—
Interest income
$6.4M
$8.8M
—
Net finance cost
($77.3M)
($309.6M)
($407.0M)
Income/(loss) before tax
$624.5M
$161.2M
($104.6M)
Income tax expense
($184.1M)
($82.8M)
($104.2M)
Net income/(loss)
$440.4M
$78.4M
($208.8M)
Equity holders of the Company
$427.4M
$72.6M
($208.6M)
Basic earnings/(loss) per share (in USD per share)
$0.77
$0.15
-$0.54
Diluted earnings/(loss) per share (in USD per share)
$0.76
$0.14
-$0.54
Remeasurement effects of postemployment benefit plans
$9.9M
$2.3M
$4.4M
Income tax related to remeasurement effects
($2.1M)
($400.0K)
($800.0K)
Revaluations of other investments through OCI
$0
$3.5M
—
Translation differences
$356.4M
($138.2M)
($116.3M)
Cash flow hedges
($76.5M)
$37.8M
($9.4M)
Income tax related to cash flow hedges
$13.5M
($7.7M)
$1.9M
Other comprehensive income/(loss), net of tax
$301.2M
($85.3M)
($120.2M)
TOTAL COMPREHENSIVE INCOME/(LOSS)
$741.6M
($6.9M)
($329.0M)
Equity holders of the Company
$728.6M
($12.7M)
($328.8M)
Non-controlling interests
$13.0M
$5.8M
($200.0K)
Amer Sports Inc. income statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Revenue
$3.6B
$1.9B
$4.5B
$2.7B
Cost of goods sold
($1.3B)
($780.1M)
($1.9B)
($1.1B)
Gross profit
$2.2B
$1.2B
$2.6B
$1.6B
Selling, general and administrative expenses
($1.8B)
($856.2M)
($2.1B)
($1.3B)
Impairment losses
($3.0M)
($700.0K)
($13.1M)
($2.9M)
Other operating income
$44.2M
$12.6M
$31.0M
$26.5M
Operating profit
$512.7M
$321.1M
$473.8M
$257.9M
Interest expense
($44.9M)
($24.9M)
($77.6M)
($52.0M)
Foreign currency exchange (losses)/gains, net & other finance costs
($24.1M)
($7.8M)
—
—
Loss on debt extinguishment
($50.5M)
($50.5M)
$0
$0
Interest income
$8.1M
$2.7M
$4.4M
$2.9M
Net finance cost
($111.4M)
($80.5M)
($56.7M)
($38.5M)
Income before tax
$401.3M
$240.6M
$417.1M
$219.4M
Income tax (expense)/benefit
($113.5M)
($70.5M)
($110.2M)
($58.9M)
Net income
$287.8M
$170.1M
$306.9M
$160.5M
Equity holders of the Company
$271.8M
$164.6M
$295.9M
$152.8M
Basic earnings per share (in USD per share)
$0.47
$0.29
$0.53
$0.28
Diluted earnings per share (in USD per share)
$0.47
$0.29
$0.53
$0.27
Remeasurement effects of postemployment benefit plans
$900.0K
$900.0K
$6.7M
$900.0K
Income tax related to remeasurement effects
($200.0K)
($200.0K)
($1.7M)
($200.0K)
Translation differences
($140.2M)
($94.3M)
$343.1M
$380.8M
Cash flow hedges
$58.2M
$26.6M
($76.9M)
($90.0M)
Income tax related to cash flow hedges
($6.2M)
($4.0M)
$15.4M
$18.1M
Other comprehensive (loss)/income, net of tax
($87.5M)
($71.0M)
$286.6M
$309.7M
TOTAL COMPREHENSIVE INCOME
$200.3M
$99.1M
$593.5M
$470.2M
Equity holders of the Company
$184.3M
$93.6M
$582.5M
$462.5M
Non-controlling interests
$16.0M
$5.5M
$11.0M
$7.7M
Balance sheet
Amer Sports Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Intangible assets
$2.8B
$2.6B
$2.7B
Goodwill
$2.3B
$2.1B
$2.3B
Property, plant and equipment
$697.8M
$549.5M
$441.9M
Right-of-use assets
$763.4M
$524.3M
$317.1M
Non-current financial assets
$70.7M
$16.8M
$9.2M
Defined benefit pension assets
$20.8M
$11.7M
—
Other non-current assets
$3.3M
$49.3M
$73.5M
Deferred tax assets
$84.1M
$67.6M
$161.7M
TOTAL NON-CURRENT ASSETS
$6.8B
$5.9B
$6.0B
Inventories
$1.6B
$1.2B
$1.1B
Accounts receivable, net
$809.3M
$607.1M
$599.8M
Prepaid expenses and other assets
$200.0M
$213.2M
$162.3M
Current tax assets
$20.3M
$10.3M
$6.6M
Cash and cash equivalents
$652.3M
$345.4M
$483.4M
TOTAL CURRENT ASSETS
$3.3B
$2.4B
$2.4B
TOTAL ASSETS
$10.1B
$8.3B
$8.4B
Share capital
$18.6M
$18.4M
$642.2M
Share premium
$3.3B
$3.2B
—
Capital reserve
$2.8B
$2.8B
—
Cash flow hedge reserve
($43.4M)
$19.6M
($10.6M)
Accumulated deficit and other
($213.6M)
($1.0B)
($791.8M)
Equity attributable to equity holders of the parent company
$5.8B
$5.0B
($160.2M)
Non-controlling interests
$18.9M
$9.1M
$3.4M
TOTAL EQUITY
$5.8B
$5.0B
($156.8M)
Non-current borrowings
$792.3M
$790.8M
$1.9B
Non-current lease liabilities
$660.9M
$439.0M
$250.4M
Defined benefit pension liabilities
$33.9M
$30.0M
$23.9M
Other non-current liabilities
$7.2M
$15.5M
$29.4M
Non-current provisions
$16.0M
$5.9M
$5.5M
Non-current tax liabilities
$4.5M
$4.9M
$32.1M
Deferred tax liabilities
$519.5M
$487.4M
$675.0M
TOTAL NON-CURRENT LIABILITIES
$2.0B
$1.8B
$7.0B
Other borrowings
$142.8M
$136.5M
—
Current lease liabilities
$157.1M
$116.9M
$89.4M
Accounts payable
$769.8M
$549.0M
$426.5M
Other current liabilities
$1.0B
$687.9M
$567.5M
Current provisions
$41.7M
$33.7M
$29.9M
Current tax liabilities
$95.0M
$30.4M
$79.6M
TOTAL CURRENT LIABILITIES
$2.2B
$1.6B
$1.6B
TOTAL LIABILITIES
$4.2B
$3.3B
$8.5B
TOTAL SHAREHOLDERS’ EQUITY AND LIABILITIES
$10.1B
$8.3B
$8.4B
Amer Sports Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Intangible assets
$2.7B
$2.7B
$2.8B
$2.8B
Goodwill
$2.3B
$2.3B
$2.3B
$2.3B
Property, plant and equipment
$701.2M
$690.9M
$634.9M
$610.7M
Right-of-use assets
$880.0M
$790.2M
$673.0M
$604.8M
Non-current financial assets
$84.6M
$75.3M
$67.2M
$60.6M
Defined benefit pension assets
$20.4M
$20.7M
$11.6M
$12.1M
Other non-current assets
$2.6M
$2.9M
$3.5M
$3.8M
Deferred tax assets
$78.8M
$80.4M
$81.4M
$84.3M
TOTAL NON-CURRENT ASSETS
$6.8B
$6.7B
$6.5B
$6.4B
Inventories
$1.9B
$1.7B
$1.7B
$1.6B
Accounts receivable, net
$575.2M
$703.9M
$880.6M
$464.9M
Prepaid expenses and other receivables
$257.5M
$222.8M
$216.4M
$198.2M
Current tax assets
$23.4M
$20.0M
$10.6M
$13.1M
Cash and cash equivalents
$720.4M
$683.7M
$353.3M
$303.4M
TOTAL CURRENT ASSETS
$3.5B
$3.3B
$3.2B
$2.6B
TOTAL ASSETS
$10.2B
$10.0B
$9.7B
$9.0B
Share capital
$19.5M
$19.4M
$18.5M
$18.5M
Share premium
$4.1B
$4.1B
$3.2B
$3.2B
Capital reserve
$2.8B
$2.8B
$2.8B
$2.8B
Cash flow hedge reserve
$8.6M
($20.8M)
($41.9M)
($52.3M)
Accumulated deficit and other
($70.7M)
($135.8M)
($339.0M)
($464.2M)
Equity attributable to equity holders of the parent company
$6.9B
$6.7B
$5.6B
$5.5B
Non-controlling interests
$21.9M
$11.4M
$20.1M
$16.8M
TOTAL EQUITY
$6.9B
$6.8B
$5.7B
$5.5B
Non-current borrowings
$0
$0
$791.9M
$791.5M
Non-current lease liabilities
$775.1M
$691.1M
$574.9M
$516.4M
Defined benefit pension liabilities
$33.2M
$33.7M
$33.9M
$33.5M
Other non-current liabilities
$8.4M
$4.5M
$7.5M
$16.4M
Non-current provisions
$17.7M
$16.5M
$13.7M
$6.9M
Non-current tax liabilities
$10.1M
$11.5M
$5.5M
$5.5M
Deferred tax liabilities
$520.6M
$503.7M
$518.8M
$512.9M
TOTAL NON-CURRENT LIABILITIES
$1.4B
$1.3B
$1.9B
$1.9B
Other borrowings
$147.4M
$144.9M
$259.5M
$143.2M
Current lease liabilities
$179.1M
$165.0M
$147.7M
$133.9M
Accounts payable
$750.7M
$672.6M
$564.5M
$529.2M
Other current liabilities
$827.8M
$862.4M
$983.6M
$764.1M
Current provisions
$43.1M
$41.4M
$36.3M
$34.1M
Current tax liabilities
$26.0M
$107.7M
$13.0M
$7.5M
TOTAL CURRENT LIABILITIES
$2.0B
$2.0B
$2.1B
$1.6B
TOTAL LIABILITIES
$3.3B
$3.3B
$4.0B
$3.5B
TOTAL SHAREHOLDERS’ EQUITY AND LIABILITIES
$10.2B
$10.0B
$9.7B
$9.0B
Cash flow statement
Amer Sports Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Net income/(loss)
$440.4M
$78.4M
($208.8M)
Depreciation and amortization
$384.2M
$273.8M
$220.9M
Impairment losses
$14.0M
$1.9M
$2.4M
Loss on sale of subsidiaries
$0
$5.6M
—
Share-based payment expense
$37.2M
$19.5M
$10.7M
Other non-cash valuation losses/(gains)
$1.7M
($1.8M)
$14.7M
Interest income
($6.4M)
($8.8M)
—
Interest expense
$97.7M
$219.0M
—
Foreign currency exchange (gains)/losses, net & other finance costs
($14.0M)
$67.6M
—
Loss on debt extinguishment
$0
$31.8M
—
Income tax expense
$184.1M
$82.8M
$104.2M
Inventories
($318.3M)
($172.4M)
($175.1M)
Accounts receivables
($123.6M)
($35.2M)
$83.8M
Prepaid expenses and other assets
($6.2M)
($18.5M)
—
Accounts payables
$190.1M
$123.7M
($38.7M)
Other liabilities
$147.2M
$118.3M
$80.3M
Cash generated from operating activities
$1.0B
$785.7M
$459.4M
Interest paid
($95.9M)
($197.2M)
($179.3M)
Interest received
$9.9M
$6.2M
$6.9M
Income taxes paid
($212.3M)
($170.0M)
($88.0M)
Net cash flows from operating activities
$729.8M
$424.7M
$199.0M
Proceeds from sale of subsidiary
$0
$15.5M
—
Acquisition of business
($45.4M)
$0
($3.5M)
Acquisition of property, plant and equipment
($216.5M)
($229.1M)
($123.6M)
Acquisition of intangible assets
($67.2M)
($46.3M)
($12.7M)
Proceeds from sale of property, plant and equipment
$0
$4.2M
$500.0K
Acquisition of right-of-use assets
($9.0M)
($12.6M)
($15.5M)
Net cash flows used in investing activities
($338.1M)
($268.3M)
($154.8M)
Proceeds from current borrowings from financial institutions
$284.3M
$376.9M
$310.3M
Repayments of current borrowings from financial institutions
($278.5M)
($325.7M)
($140.3M)
Net (repayments of)/proceeds from revolving credit facilities
($2.3M)
($278.2M)
—
Proceeds from non-current borrowings from financial institutions
$0
$2.0B
—
Repayments of non-current borrowings from financial institutions
$0
($3.1B)
—
Repayments of long-term borrowings from related parties
$0
($1.5B)
—
Proceeds from share issuances, net of issuance costs
0
2.6B
—
Payments of debt issuance costs
($600.0K)
($10.3M)
—
Proceeds from exercise of share options
$36.8M
$12.1M
—
Payments of lease liabilities
($145.6M)
($102.3M)
($65.9M)
Net repayments from settlement of derivative contracts
($17.5M)
($18.2M)
—
Release of derivative contract collateral
$3.2M
$17.0M
—
Other financing items
($3.8M)
($7.3M)
$6.4M
Net cash flows (used in)/from financing activities
($124.0M)
($266.0M)
$35.0M
Cash and cash equivalents at year end
$652.3M
$345.4M
$483.4M
Translation differences
$39.2M
($28.4M)
$2.1M
Cash and cash equivalents at beginning of year
$345.4M
—
—
Amer Sports Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$287.8M
$170.1M
$306.9M
$160.5M
Depreciation and amortization
$215.1M
$102.6M
$277.9M
$159.1M
Impairment losses
$3.0M
$700.0K
$13.1M
$2.9M
Share-based payment expense
$29.9M
$12.7M
$27.0M
$16.9M
Other non-cash valuation losses
$1.5M
$200.0K
$700.0K
$400.0K
Interest income
($8.1M)
($2.7M)
($4.4M)
($2.9M)
Interest expense
$44.9M
$24.9M
$77.6M
$52.0M
Foreign currency exchange losses/(gains), net & other finance costs
$24.1M
$7.8M
($16.5M)
($10.6M)
Loss on debt extinguishment
$50.5M
$50.5M
$0
$0
Income tax expense
$113.5M
$70.5M
$110.2M
$58.9M
Inventories
($299.4M)
($79.1M)
($410.5M)
($309.1M)
Accounts receivables
$228.2M
$99.1M
($195.7M)
$170.8M
Prepaid expenses and other assets
($34.8M)
($24.6M)
($16.0M)
$15.2M
Accounts payables
$56.8M
($53.5M)
($13.2M)
($32.1M)
Other liabilities
($179.9M)
($111.5M)
$180.4M
($43.0M)
Cash generated from operating activities
$533.1M
$267.7M
$337.5M
$239.0M
Interest paid
($52.0M)
($39.2M)
($82.9M)
($44.5M)
Interest received
$9.6M
$2.7M
$7.9M
$5.5M
Income taxes paid
($152.2M)
($59.7M)
($158.1M)
($92.5M)
Net cash flows from operating activities
$338.5M
$171.5M
$104.4M
$107.5M
Acquisition of business
($10.0M)
—
($40.6M)
—
Acquisition of property, plant and equipment
($135.3M)
($74.1M)
($141.8M)
($85.7M)
Acquisition of intangible assets
($36.2M)
($11.7M)
($53.9M)
($43.5M)
Acquisition of right-of-use assets
($5.7M)
($3.5M)
($7.0M)
($6.0M)
Proceeds from sale of subsidiary
$4.5M
—
$0
$0
Net cash flows used in investing activities
($182.7M)
($89.3M)
($243.3M)
($135.2M)
Proceeds from share issuance, net of issuance costs
836.1M
836.5M
0
0
Repayment for redemption of debt securities
($800.0M)
($800.0M)
—
—
Repayment of debt premium
($43.1M)
($43.1M)
—
—
Proceeds from short-term borrowings from financial institutions
$44.5M
$3.5M
$425.0M
$2.9M
Repayments of short-term borrowings from financial institutions
($43.9M)
($3.5M)
($306.5M)
$0
Proceeds from exercise of share options
$14.6M
$3.9M
$25.0M
$21.1M
Payments of lease liabilities
($87.2M)
($43.0M)
($98.2M)
($45.5M)
Payments of debt issuance costs
$0
$0
($600.0K)
($600.0K)
Settlements of forward contracts and balance sheet hedges
($1.5M)
($1.3M)
($22.4M)
($16.6M)
Release of derivative contract collateral
$0
$0
$3.2M
$3.2M
Payment of dividends to Non-Controlling Interests
($6.7M)
—
—
—
Other financing items
($800.0K)
($300.0K)
($3.7M)
($2.8M)
Net cash flows used in financing activities
($88.0M)
($47.3M)
$114.3M
($38.3M)
CHANGE IN CASH AND CASH EQUIVALENTS
$67.8M
$34.9M
($24.6M)
($66.0M)
Cash and cash equivalents at period end
$720.4M
$683.7M
$353.3M
$303.4M
Translation differences
$300.0K
($3.5M)
$32.5M
$24.0M
Cash and cash equivalents at the beginning of the period
$652.3M
$652.3M
$345.4M
$345.4M
Change in capital expenditures in accounts payable and other current liabilities