Academy Sports and Outdoors Inc. (ASO) financial statements: income statement, balance sheet and cash flow
Academy Sports and Outdoors 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 (Jan 31, 2026 · FY), Academy Sports and Outdoors Inc. reported revenue of $6.1B (+2.0% year on year) and net income of $376.8M (-10.0% year on year).
Income statement
Academy Sports and Outdoors Inc. income statement, fiscal years
Line item
Jan 31, 2026 · FY
Feb 1, 2025 · FY
Feb 3, 2024 · FY
Jan 28, 2023 · FY
NET SALES
$6.1B
$5.9B
$6.2B
$6.4B
COST OF GOODS SOLD
$3.9B
$3.9B
$4.0B
$4.2B
GROSS MARGIN
$2.1B
$2.0B
$2.1B
$2.2B
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
$1.6B
$1.5B
$1.4B
$1.4B
OPERATING INCOME
$512.2M
$538.6M
$677.9M
$846.5M
INTEREST EXPENSE, NET
$36.2M
$36.9M
$46.1M
$46.4M
WRITE-OFF OF DEFERRED LOAN COSTS
$0
$449.0K
$1.5M
$2.0M
OTHER INCOME, NET
$10.1M
($36.9M)
($32.9M)
($20.2M)
INCOME BEFORE INCOME TAXES
$486.1M
$538.2M
$663.2M
$818.3M
INCOME TAX EXPENSE
$109.3M
$119.8M
$144.0M
$190.3M
NET INCOME
$376.8M
$418.4M
$519.2M
$628.0M
BASIC (in dollars per share)
$5.66
$5.87
$6.89
$7.70
DILUTED (in dollars per share)
$5.54
$5.73
$6.70
$7.49
BASIC (in shares)
66.6M
71.3M
75.4M
81.6M
DILUTED (in shares)
68.0M
73.0M
77.5M
83.9M
Academy Sports and Outdoors Inc. income statement, quarters
Line item
Aug 1, 2026 · Q3
May 2, 2026 · Q2
Nov 1, 2025 · Q3
Aug 2, 2025 · Q2
NET SALES
$1.6B
$1.4B
$1.4B
$1.6B
COST OF GOODS SOLD
$981.4M
$962.7M
$890.3M
$1.0B
GROSS MARGIN
$665.9M
$479.3M
$493.4M
$576.7M
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
$419.5M
$404.7M
$393.0M
$404.4M
OPERATING INCOME
$246.4M
$74.7M
$100.4M
$172.4M
INTEREST EXPENSE, NET
$8.1M
$9.0M
$9.0M
$9.0M
LOSS ON EARLY RETIREMENT OF DEBT
($1.9M)
—
$0
$0
OTHER EXPENSE (INCOME), NET
$58.0M
$3.2M
$2.6M
$1.5M
INCOME BEFORE INCOME TAXES
$178.4M
$68.9M
$94.0M
$164.8M
INCOME TAX EXPENSE
$40.5M
$16.2M
$22.5M
$39.4M
NET INCOME
$137.9M
$52.7M
$71.6M
$125.4M
BASIC (in dollars per share)
$2.21
$0.82
$1.07
$1.89
DILUTED (in dollars per share)
$2.17
$0.80
$1.05
$1.85
BASIC (in shares)
62.3M
64.4M
66.6M
66.5M
DILUTED (in shares)
63.6M
65.9M
68.0M
67.7M
Balance sheet
Academy Sports and Outdoors Inc. balance sheet, fiscal years
Line item
Jan 31, 2026 · FY
Feb 1, 2025 · FY
Feb 3, 2024 · FY
Jan 28, 2023 · FY
Cash and cash equivalents
$330.3M
$288.9M
$347.9M
$337.1M
Accounts receivable - less allowance for doubtful accounts of $1,792 and $2,752, respectively
$34.8M
$16.8M
$19.4M
$16.5M
Merchandise inventories
$1.5B
$1.3B
$1.2B
$1.3B
Prepaid expenses and other current assets
$82.5M
$95.6M
$83.5M
$47.7M
Assets held for sale
$3.0M
—
$0
$1.8M
Total current assets
$2.0B
$1.7B
$1.6B
$1.7B
PROPERTY AND EQUIPMENT, NET
$584.1M
$525.1M
$445.2M
$351.4M
RIGHT-OF-USE ASSETS
$1.2B
$1.2B
$1.1B
$1.1B
TRADE NAME
$579.8M
$579.0M
$578.2M
$577.7M
GOODWILL
$861.9M
$861.9M
$861.9M
$861.9M
OTHER NONCURRENT ASSETS
$62.8M
$51.7M
$35.2M
$17.6M
Total assets
$5.3B
$4.9B
$4.7B
$4.6B
Accounts payable
$637.9M
$612.4M
$541.1M
$686.5M
Accrued expenses and other current liabilities
$243.9M
$230.3M
$217.9M
$240.2M
Current lease liabilities
$147.5M
$115.1M
$117.8M
$109.1M
Current maturities of long-term debt
$3.0M
$3.0M
$3.0M
$3.0M
Total current liabilities
$1.0B
$960.9M
$879.9M
$1.0B
LONG-TERM DEBT, NET
$480.8M
$482.7M
$484.6M
$584.5M
LONG-TERM LEASE LIABILITIES
$1.3B
$1.2B
$1.1B
$1.1B
DEFERRED TAX LIABILITIES, NET
$300.7M
$256.8M
$254.8M
$259.0M
OTHER LONG-TERM LIABILITIES
$30.8M
$10.8M
$11.6M
$12.7M
Total liabilities
$3.1B
$2.9B
$2.7B
$3.0B
Preferred stock, $0.01 par value, authorized 50,000,000 shares; none issued and outstanding
0
0
0
0
Common stock, $0.01 par value, authorized 300,000,000 shares; 64,945,953 and 68,332,961 issued and outstanding as of January 31, 2026 and February 1, 2025, respectively
649.0K
683.0K
743.0K
767.0K
Additional paid-in capital
$256.4M
$247.1M
$242.1M
$216.2M
Retained earnings
$1.9B
$1.8B
$1.7B
$1.4B
Stockholders' equity
$2.2B
$2.0B
$2.0B
$1.6B
Total liabilities and stockholders' equity
$5.3B
$4.9B
$4.7B
$4.6B
Academy Sports and Outdoors Inc. balance sheet, quarters
Line item
Aug 1, 2026
May 2, 2026
Nov 1, 2025
Aug 2, 2025
Cash and cash equivalents
$298.2M
$337.8M
$289.5M
$300.9M
Accounts receivable - less allowance for doubtful accounts of $1,592, $1,792 and $1,874, respectively
$23.0M
$17.7M
$17.5M
$19.2M
Merchandise inventories, net
$1.7B
$1.7B
$1.7B
$1.6B
Prepaid expenses and other current assets
$89.9M
$93.2M
$64.8M
$78.3M
Assets held for sale
$3.0M
$3.0M
$20.7M
—
Total current assets
$2.1B
$2.1B
$2.1B
$2.0B
PROPERTY AND EQUIPMENT, NET
$631.8M
$602.8M
$591.1M
$584.0M
RIGHT-OF-USE ASSETS
$1.3B
$1.3B
$1.2B
$1.2B
TRADE NAME
$580.0M
$579.9M
$579.6M
$579.3M
GOODWILL
$861.9M
$861.9M
$861.9M
$861.9M
OTHER NONCURRENT ASSETS
$70.2M
$62.8M
$61.3M
$58.6M
Total assets
$5.5B
$5.5B
$5.4B
$5.3B
Accounts payable
$751.6M
$826.3M
$793.6M
$803.3M
Accrued expenses and other current liabilities
$302.5M
$274.9M
$305.8M
$266.0M
Current lease liabilities
$134.4M
$152.0M
$124.7M
$139.7M
Current maturities of long-term debt
$0
$3.0M
$3.0M
$3.0M
Total current liabilities
$1.2B
$1.3B
$1.2B
$1.2B
LONG-TERM DEBT, NET
$494.2M
$480.3M
$481.3M
$481.7M
LONG-TERM LEASE LIABILITIES
$1.3B
$1.3B
$1.3B
$1.2B
DEFERRED TAX LIABILITIES, NET
$285.6M
$299.3M
$272.7M
$270.5M
OTHER LONG-TERM LIABILITIES
$21.2M
$31.2M
$26.6M
$19.4M
Total liabilities
$3.3B
$3.4B
$3.3B
$3.2B
Preferred stock, $0.01 par value, authorized 50,000,000 shares; none issued and outstanding
0
0
0
0
Common stock, $0.01 par value, authorized 300,000,000 shares; 62,028,664; 64,945,953 and 66,625,266 issued and outstanding as of August 1, 2026, January 31, 2026 and August 2, 2025, respectively.
620.0K
635.0K
667.0K
666.0K
Additional paid-in capital
$259.0M
$254.5M
$263.7M
$255.5M
Retained earnings
$1.9B
$1.9B
$1.9B
$1.8B
Stockholders' equity
$2.2B
$2.1B
$2.1B
$2.1B
Total liabilities and stockholders' equity
$5.5B
$5.5B
$5.4B
$5.3B
Cash flow statement
Academy Sports and Outdoors Inc. cash flow statement, fiscal years
Line item
Jan 31, 2026 · FY
Feb 1, 2025 · FY
Feb 3, 2024 · FY
Jan 28, 2023 · FY
Net income
$376.8M
$418.4M
$519.2M
$628.0M
Depreciation and amortization
$122.9M
$118.1M
$110.9M
$106.8M
Non-cash lease expense
$46.2M
$30.3M
$16.7M
($16.0K)
Equity compensation
$21.2M
$26.6M
$24.4M
$21.2M
Amortization of deferred loan and other costs
$2.6M
$2.6M
$2.7M
$3.1M
Deferred income taxes
$43.8M
$2.0M
($4.2M)
$41.8M
Non-cash loss on early retirement of debt
$0
$0
$1.5M
—
Write-off of Deferred Loan Costs
$0
$449.0K
—
—
Gain on disposal of property and equipment
($15.4M)
($7.1M)
($388.0K)
—
Accounts receivable, net
($18.0M)
$2.6M
($2.9M)
$3.2M
Merchandise inventories
($194.9M)
($114.7M)
$89.4M
($111.7M)
Prepaid expenses and other current assets
$26.9M
($10.1M)
($50.2M)
($11.3M)
Other noncurrent assets
($12.6M)
($12.4M)
($18.8M)
($14.1M)
Accounts payable
$27.3M
$65.8M
($142.3M)
($55.4M)
Accrued expenses and other current liabilities
$17.1M
$12.0M
($26.7M)
($58.4M)
Income taxes payable
($19.1M)
($5.3M)
$17.6M
($3.4M)
Other long-term liabilities
$9.9M
($1.2M)
($1.2M)
$306.0K
Net cash provided by operating activities
$434.8M
$528.1M
$535.8M
$552.0M
Capital expenditures
($212.7M)
($199.6M)
($207.8M)
($108.3M)
Purchases of intangible assets
($759.0K)
($771.0K)
($520.0K)
($502.0K)
Proceeds from the sale of property and equipment
$41.4M
$14.2M
$2.2M
—
Net cash used in investing activities
($172.0M)
($186.1M)
($206.1M)
($108.8M)
Proceeds from Revolving Credit Facilities
$0
$3.9M
—
$0
Reduction in Revolving Credit Facilities
$0
($3.9M)
—
$0
Repayment of Term Loan
($3.0M)
($3.0M)
($103.0M)
($103.0M)
Debt issuance fees
$0
($5.7M)
$0
$0
Proceeds from exercise of stock options
$4.4M
$4.3M
$16.6M
$21.2M
Proceeds from issuance of common stock under employee stock purchase program
5.2M
5.2M
5.5M
5.0M
Taxes paid related to net share settlement of equity awards
($4.8M)
($5.5M)
($8.0M)
($1.2M)
Repurchase of common stock for retirement
($199.0M)
($364.9M)
($202.8M)
($489.5M)
Dividends paid
($34.7M)
($31.5M)
($27.2M)
($24.6M)
Other financing activities
$10.5M
—
—
—
Net cash used in financing activities
($221.4M)
($401.0M)
($318.9M)
($592.1M)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
$41.4M
($59.0M)
$10.8M
($148.9M)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD
$288.9M
$347.9M
$337.1M
$486.0M
CASH AND CASH EQUIVALENTS AT END OF PERIOD
$330.3M
$288.9M
$347.9M
$337.1M
Cash paid for interest
$35.1M
$34.9M
$45.4M
$43.3M
Cash paid for income taxes, net
$37.8M
$88.4M
$132.1M
$168.2M
Non-cash capital expenditures
$10.4M
$12.3M
$6.7M
$4.0M
Right-of-use assets obtained in exchange for new operating lease liabilities
$244.1M
$214.7M
—
—
Academy Sports and Outdoors Inc. cash flow statement, quarters
Line item
Aug 1, 2026 · YTD
May 2, 2026 · Q2
Nov 1, 2025 · YTD
Aug 2, 2025 · YTD
Net income
$190.6M
$52.7M
$243.1M
$171.5M
Depreciation and amortization
$61.2M
$30.8M
$92.1M
$61.2M
Non-cash lease expense
$7.6M
$3.1M
$30.0M
$22.5M
Equity compensation
$20.4M
$11.1M
$22.7M
$15.1M
Amortization of deferred loan and other costs
$1.3M
$646.0K
$1.9M
$1.3M
Deferred income taxes
($15.1M)
($1.3M)
$15.9M
$13.7M
Loss on early retirement of debt
$1.9M
—
—
—
Loss on tariff refund monetization
$61.8M
—
—
—
Accounts receivable, net
$11.8M
$17.1M
($749.0K)
($2.4M)
Merchandise inventories, net
($153.7M)
($150.7M)
($392.3M)
($278.8M)
Prepaid expenses and other current assets
($19.0M)
($10.8M)
$28.8M
$15.3M
Other noncurrent assets
($5.2M)
($438.0K)
($10.8M)
($7.6M)
Accounts payable
$116.0M
$178.0M
$171.6M
$178.4M
Accrued expenses and other current liabilities
$21.5M
$12.8M
$52.8M
$29.4M
Income taxes payable
$47.0M
$17.3M
$23.9M
$7.5M
Other long-term liabilities
$841.0K
$427.0K
$9.7M
$9.0M
Net cash provided by operating activities
$349.0M
$160.6M
$285.1M
$236.0M
Capital expenditures
($111.3M)
($38.9M)
($170.2M)
($107.6M)
Purchases of intangible assets
($206.0K)
($94.0K)
($581.0K)
($323.0K)
Net cash used in investing activities
($111.5M)
($39.0M)
($166.0M)
($107.9M)
Repayment of Term Loan
($85.8M)
($750.0K)
($2.3M)
($1.5M)
Proceeds from Senior Notes
$500.0M
—
—
—
Repayment of Senior Notes
($400.0M)
—
—
—
Debt refinancing fees
($9.4M)
—
—
—
Proceeds from exercise of stock options
$805.0K
$715.0K
$3.6M
$2.6M
Proceeds from issuance of common stock under employee stock purchase program
2.8M
—
2.8M
2.8M
Taxes paid related to net share settlement of equity awards
($6.5M)
($6.0M)
($4.1M)
($3.7M)
Repurchase of common stock for retirement
($180.5M)
($98.4M)
($99.0M)
($99.0M)
Dividends paid
($19.0M)
($9.6M)
($26.0M)
($17.4M)
Remittance of tariff refund claims
($72.2M)
—
—
—
Net cash used in financing activities
($269.7M)
($114.1M)
($118.5M)
($116.2M)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS
($32.1M)
$7.5M
$558.0K
$11.9M
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD
$330.3M
$330.3M
$288.9M
$288.9M
CASH AND CASH EQUIVALENTS AT END OF PERIOD
$298.2M
$337.8M
$289.5M
$300.9M
Cash paid for interest
$16.1M
$3.1M
$20.4M
$18.2M
Cash paid for income taxes, net
$23.9M
$104.0K
$38.0M
$34.0M
Non-cash capital expenditures
$8.0M
$20.9M
$21.9M
$24.8M
Right-of-use assets obtained in exchange for new operating leases