The Panthers, led by third-year head coach Bart Lundy, play their home games at the UW–Milwaukee Panther Arena in Milwaukee, Wisconsin, and select games at the on-campus Klotsche Center as members of the Horizon League.

The Panthers finished the 2023–24 season in sixth place in the Horizon League with a record of 20–15, including 12–8 in conference play.

They defeated eleventh-seeded Detroit Mercy Titans at the Klotsche Center in the first round of the Horizon League tournament, then went on to upset third-seeded Green Bay in the quarterfinals, earning their second-straight trip to the conference semifinals in Indianapolis.

The Panthers upset fifth-seeded Northern Kentucky in the semifinals to earn their first championship game appearance since 2017.

Sources: The Panthers were picked to finish in first place in the Horizon League preseason coaches poll, tied with Purdue Fort Wayne, receiving a total of 421 points and 15 first-place votes.