Forensic Analysis · Apparel & Specialty Retail · as of Nov 8, 2026

Urban Outfitters Inc (URBN)

A forensic read on Urban Outfitters Inc built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

B · Sound & dependable

Forensic grade

Safe

Financial health

4.7

Distress distance

Clean

Earnings quality

Forensic signals

17.6%

ROE

11.1%

Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Urban Outfitters Inc earns a B (Sound & dependable) forensic quality grade, and its balance-sheet distress test reads 4.7, placing it in the Safe zone. 1 forensic signal was flagged in its latest SEC filings, led by accruals ratio (% of NOA).

What the filings flag

+11.5%

FY2025→FY2026

Accruals ratio (% of NOA). Net operating assets grew +11.5% relative to their own average in FY2026 — scaled by NOA itself, not by total assets, which is what the Forensic Screens card's own accrual row divides by. Accruals are building faster than is comfortable — part of profit is sitting in the balance sheet rather than turning to cash. The build is led by receivables up +29% against revenue +11% and inventory up +13% against +9% in cost of sales. A cash-flow measure on the same base disagrees: reported earnings ran in line with operating cash by 5% of net operating assets, against an accruals ratio of 11.5%. The two are computed differently: the accruals ratio is the change in net operating assets over average net operating assets, while the cash-flow figure is net income less operating cash flow over that same average. Read them as two results, not one.Accruals ratio: the year-over-year change in net operating assets, relative to their own average.NOA (net operating assets): the money tied up in running the business, operating assets minus operating liabilities.

Key fundamentals

Latest Revenue$6.17B

Revenue Growth YoY+11.1%

Revenue CAGR (2yr)+9.4%

Net Margin7.5%

Free Cash Flow$315.0M

Return on Equity17.6%

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Data from SEC EDGAR public filings · metrics as of Nov 8, 2026. Forensic signals flag probability, not certainty.

See a wrong number? Report an error with the filing it should match.