SPHERE ENTERTAINMENT CO. financials
Source: EDGAR filings · Built 2026-06-02T04:05:05Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Free Cash Flow | — | — | — | — | -615.38M | -514.70M |
| EBITDA | 106.85M | -95.33M | -84.75M | -169.67M | -41.11M | -66.22M |
| Working Capital | 66.80M | -610.67M | -507.98M | -68.23M | 257.56M | 1.14B |
| Net Debt | 453.68M | 996.86M | 970.31M | 1.20B | 339.19M | 494.59M |
| Operating Margin | -18.84% | -48.73% | -33.33% | -47.80% | -27.25% | -23.83% |
| Net Margin | 2.74% | -43.24% | -19.60% | 88.02% | -31.96% | -18.76% |
| Return on Equity (ROE) | 1.50% | -10.50% | -8.31% | 19.46% | -9.90% | -6.83% |
| Return on Assets (ROA) | 0.79% | -5.12% | -4.19% | 10.11% | -3.52% | -2.80% |
| Current Ratio | 1.09× | 0.55× | 0.63× | 0.90× | 1.27× | 2.57× |
| Debt-to-Equity | 0.43× | 0.68× | 0.63× | 0.51× | 0.55× | 0.93× |
| Effective Tax Rate | 41.62% | 24.58% | 37.64% | 37.54% | 17.79% | -24.20% |
| Cash Conversion Ratio | 7.28× | -0.18× | 0.10× | 0.31× | -0.73× | 0.40× |
| Accruals Ratio | -0.05× | -0.06× | -0.04× | 0.07× | -0.06× | -0.02× |
| SBC % of Revenue | 4.84% | 6.38% | 4.69% | 10.97% | 12.68% | 8.94% |
| CapEx Coverage | — | — | — | — | 0.19× | -0.13× |
| Free Cash Flow Per Share | — | — | — | — | $-17.96 | $-15.03 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 128.49× | — | — | 1.90× | — | — |
| EV / EBITDA | 44.56× | — | — | — | — | — |
| P/S | 3.54× | 2.70× | 1.21× | 1.67× | 2.96× | 3.64× |
| P/B | 1.93× | 0.66× | 0.51× | 0.37× | 0.92× | 1.33× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 1.22B | 534.76M | 1.02B | 571.22M | 608.15M | 789.89M |
| Revenues | 1.22B | 536.20M | 1.03B | 573.83M | 610.05M | 647.51M |
| Selling, General and Administrative Expense | — | 254.26M | 230.19M | — | 681.80M | 424.36M |
| Operating Expenses | — | 451.23M | 344.77M | 199.44M | 1.83B | 1.00B |
| Operating Income (Loss) | -229.56M | -260.56M | -341.24M | -273.04M | -165.74M | -188.22M |
| Income Tax Expense (Benefit) | 23.81M | -75.35M | -135.59M | 103.40M | -29.83M | 38.91M |
| Net Income (Loss) Attributable to Parent | 33.41M | -231.23M | -200.65M | 502.77M | -194.40M | -148.15M |
| Earnings Per Share, Basic | $0.93 | $-6.45 | $-5.68 | $14.51 | $-5.77 | $-4.60 |
| Weighted Average Number of Shares Outstanding, Basic | 36.07M | 35.86M | 35.30M | 34.65M | 34.26M | 34.08M |
| Earnings Per Share, Diluted | $0.74 | $-6.45 | $-5.68 | $14.40 | $-5.77 | $-4.59 |
| Weighted Average Number of Shares Outstanding, Diluted | 45.30M | 35.86M | 35.30M | 34.93M | 34.26M | 34.25M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 507.78M | 501.95M | 559.76M | 131.97M | 747.31M | 1.52B |
| Assets, Current | 810.17M | 760.99M | 865.70M | 623.91M | 1.22B | 1.87B |
| Assets | 4.21B | 4.52B | 4.79B | 4.97B | 5.52B | 5.29B |
| Long-term Debt | 692.69M | 1.36B | 1.38B | 1.21B | — | — |
| Liabilities, Current | 743.37M | 1.37B | 1.37B | 692.14M | 961.10M | 729.87M |
| Long-term Debt, Excluding Current Maturities | 767.44M | 524.01M | 522.74M | 1.12B | 929.53M | 1.65B |
| Liabilities | 1.98B | 2.31B | 2.37B | 2.39B | 3.36B | 2.97B |
| Stockholders' Equity Attributable to Parent | 2.23B | 2.20B | 2.42B | 2.58B | 1.96B | 2.17B |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 243.35M | 40.83M | -19.66M | 153.59M | 141.34M | -58.69M |
| Payments to Acquire Property, Plant, and Equipment | — | — | — | — | 756.72M | 456.01M |
| Net Cash Provided by (Used in) Investing Activities | -3.90M | -60.16M | -45.18M | -653.92M | -804.16M | -123.18M |
| Payments for Repurchase of Common Stock | 50.02M | 0 | 0 | 0 | 0 | 0 |
| Net Cash Provided by (Used in) Financing Activities | -233.34M | -37.93M | 209.73M | 85.54M | -30.39M | 592.68M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| EBITDA | 91.57M | 113.09M | -45.62M | 33.75M | 5.62M | — |
| Working Capital | 160.91M | 66.80M | -30.84M | 68.49M | -645.99M | -610.67M |
| Net Debt | 309.26M | 453.68M | 615.95M | 662.95M | 1.01B | 996.86M |
| Operating Margin | 1.87% | 7.34% | -49.50% | -17.77% | -28.07% | -46.37% |
| Net Margin | 1.16% | 16.44% | -38.61% | 53.79% | -29.26% | -40.85% |
| Return on Equity (ROE) | 0.20% | 2.90% | -4.70% | 6.56% | -3.83% | -5.72% |
| Return on Assets (ROA) | 0.11% | 1.54% | -2.45% | 3.62% | -1.84% | -2.79% |
| Current Ratio | 1.22× | 1.09× | 0.96× | 1.13× | 0.53× | 0.55× |
| Debt-to-Equity | 0.42× | 0.43× | 0.46× | 0.44× | 0.69× | 0.68× |
| Effective Tax Rate | 1270.60% | -188.45% | 25.98% | 44.54% | 19.87% | — |
| Cash Conversion Ratio | 30.55× | 2.78× | -0.62× | -0.35× | -0.08× | — |
| Accruals Ratio | -0.03× | -0.03× | -0.04× | 0.05× | -0.02× | — |
| SBC % of Revenue | 3.60% | 2.55% | 18.69% | 14.33% | 7.71% | — |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 54.35× | — | — | — | — | — |
| EV / EBITDA | 23.45× | 44.56× | — | — | — | — |
| P/S | 3.18× | 3.54× | 1.99× | 1.71× | 1.09× | — |
| P/B | 1.87× | 1.93× | 1.04× | 0.81× | 0.55× | — |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 385.97M | 393.84M | 262.07M | 282.24M | 280.07M | — |
| Revenues | 386.41M | 394.28M | 262.51M | 282.68M | 280.57M | 308.29M |
| Selling, General and Administrative Expense | 121.70M | — | 99.69M | 113.02M | 114.27M | — |
| Operating Expenses | — | — | — | — | — | 451.23M |
| Operating Income (Loss) | 7.20M | 28.92M | -129.72M | -50.16M | -78.61M | -142.94M |
| Income Tax Expense (Benefit) | -4.84M | -42.30M | -35.51M | 121.94M | -20.32M | — |
| Net Income (Loss) Attributable to Parent | 4.46M | 64.74M | -101.20M | 151.82M | -81.95M | -125.95M |
| Earnings Per Share, Basic | $-0.04 | $1.80 | $-2.80 | $4.18 | $-2.27 | — |
| Weighted Average Number of Shares Outstanding, Basic | 35.88M | 36.07M | 36.20M | 36.28M | 36.11M | — |
| Earnings Per Share, Diluted | $-0.04 | $1.61 | $-2.80 | $3.39 | $-2.27 | — |
| Weighted Average Number of Shares Outstanding, Diluted | 35.88M | 45.30M | 36.20M | 44.85M | 36.11M | — |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 629.11M | 507.78M | 384.83M | 355.66M | 465.02M | 501.95M |
| Assets, Current | 903.57M | 810.17M | 666.38M | 595.42M | 735.11M | 760.99M |
| Assets | 4.22B | 4.21B | 4.14B | 4.20B | 4.45B | 4.52B |
| Long-term Debt | 677.22M | 692.69M | 733.75M | 743.75M | 1.34B | 1.36B |
| Liabilities, Current | 742.66M | 743.37M | 697.23M | 526.94M | 1.38B | 1.37B |
| Long-term Debt, Excluding Current Maturities | 752.70M | 767.44M | 786.07M | 830.53M | 524.68M | 524.01M |
| Liabilities | 1.97B | 1.98B | 1.98B | 1.89B | 2.31B | 2.31B |
| Stockholders' Equity Attributable to Parent | 2.25B | 2.23B | 2.16B | 2.31B | 2.14B | 2.20B |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 136.24M | 180.22M | 63.13M | -52.71M | 6.35M | — |
| Net Cash Provided by (Used in) Investing Activities | -5.00M | -15.28M | 11.38M | 16.44M | -17.57M | — |
| Payments for Repurchase of Common Stock | — | -16.00K | 50.04M | — | — | — |
| Net Cash Provided by (Used in) Financing Activities | -22.26M | -41.27M | -192.08M | -111.06M | -26.31M | — |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (SPHR CIK 0001795250),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.