Sphere Entertainment (SPHR)

NYSE Communication Services Movies & Entertainment S&P SmallCap 600

$120.02

+7.69 (+6.85%)

Close of Nov 06, 2026 · end-of-day data

Source: Sphere Entertainment's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$988.99M	$1.05B	$1.44B	$789.89M	$608.15M	$571.22M	$1.02B	$1.22B
Selling, general & admin	$273.00M	$314.52M	$433.21M	$424.36M	$681.80M	—	—	—
Operating income	-$31.28M	-$45.60M	$235.21M	-$188.22M	-$165.74M	-$273.04M	-$341.24M	-$262.95M
Interest expense	$12.15M	$5.59M	$36.56M	$20.42M	$27.16M	$0	$79.87M	—
Pre-tax income	-$28.94M	-$20.02M	$251.50M	-$160.79M	-$167.68M	$275.43M	-$360.23M	$23.83M
Income tax	-$30.83M	$443.00K	$101.69M	$38.91M	-$29.83M	$103.40M	-$135.59M	$15.74M
Net income	$6.90M	-$8.22M	$181.73M	-$148.15M	-$194.40M	$502.77M	-$200.65M	$8.09M
EBITDA	$80.78M	$63.75M	$347.27M	-$66.22M	-$41.11M	-$169.67M	-$84.75M	$73.46M
EPS (basic)	$0.29	$-0.35	$5.21	$-4.60	$-5.77	$14.51	$-5.68	$0.22
EPS (diluted)	$0.29	$-0.35	$5.20	$-4.59	$-5.77	$14.40	$-5.68	$0.18
Diluted shares	23.99M	23.99K	34.94M	34.25M	34.26M	34.93M	35.30M	45.30M
Operating margin	-3.2%	-4.3%	16.4%	-23.8%	-27.3%	-47.8%	-33.3%	-21.6%
Net margin	0.7%	-0.8%	12.7%	-18.8%	-32.0%	88.0%	-19.6%	0.7%

Balance sheet

fiscal years · USD

Fiscal year	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$1.23B	$1.08B	$1.10B	$1.52B	$747.31M	$131.97M	$559.76M	$507.78M
Short-term investments	—	$108.42M	$337.19M	$0	—	—	—	—
Receivables	—	$81.04M	$57.18M	$184.61M	$188.01M	—	—	—
Inventory	—	—	—	$9.52M	$13.51M	$0	$11.89M	$14.45M
Total current assets	—	$1.35B	$1.43B	$1.87B	$1.22B	$623.91M	$865.70M	$810.17M
Goodwill	$147.56M	$165.56M	$498.82M	$456.81M	$456.81M	$456.81M	$470.15M	$258.12M
Total assets	—	$3.32B	$3.73B	$5.29B	$5.52B	$4.97B	$4.79B	$4.12B
Total current liabilities	—	$474.05M	$509.97M	$729.87M	$961.10M	$692.14M	$1.37B	$743.37M
Short-term debt	—	$6.04M	$5.43M	$53.97M	$66.00M	$82.50M	$849.44M	$63.01M
Long-term debt	—	$48.56M	$28.13M	$1.65B	$929.53M	$1.12B	$522.74M	$767.44M
Total debt	—	$54.60M	$33.55M	$1.70B	$995.53M	$1.20B	$1.37B	$830.45M
Total liabilities	—	$662.29M	$844.77M	$2.97B	$3.36B	$2.39B	$2.37B	$1.95B
Shareholders' equity	$2.49B	$2.57B	$2.86B	$2.17B	$1.96B	$2.58B	$2.42B	$2.17B

Cash flow

fiscal years · USD

Fiscal year	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$144.38M	$101.40M	$308.12M	-$58.69M	$141.34M	$153.59M	-$19.66M	$243.35M
Capital expenditures	$187.36M	$184.00M	$455.24M	$456.01M	$756.72M	—	—	—
Free cash flow	-$42.98M	-$82.60M	-$147.12M	-$514.70M	-$615.38M	$153.59M	-$19.66M	$243.35M
Investing cash flow	-$169.62M	-$237.74M	-$394.53M	-$123.18M	-$804.16M	-$653.92M	-$45.18M	-$3.90M
Financing cash flow	$15.36M	-$8.62M	-$113.87M	$592.68M	-$30.39M	$85.54M	$209.73M	-$233.34M
Share buybacks	—	—	$293.53M	$0	$0	$0	$0	$50.02M
Stock-based compensation	$27.29M	$35.40M	$61.42M	$70.58M	$77.14M	$62.66M	$48.01M	$59.01M
Depreciation & amortization	$112.06M	$109.34M	$112.06M	$122.00M	$124.63M	$103.38M	$256.49M	$336.41M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$313.39M	$320.61M	$272.58M	$227.15M	$307.61M	$280.07M	$282.24M	$262.07M	$393.84M	$385.97M	$313.20M	$274.21M
Selling, general & admin	$115.52M	$123.15M	$107.04M	$118.98M	$135.29M	$114.27M	$113.02M	$99.69M	—	$121.70M	$139.21M	$108.35M
Operating income	-$159.68M	-$40.39M	-$71.38M	-$117.62M	-$142.94M	-$78.61M	-$50.16M	-$163.10M	$28.92M	$7.20M	-$61.26M	-$240.57M
Interest expense	$25.83M	$27.12M	$26.92M	$26.97M	$30.41M	$26.21M	$25.86M	$9.40M	—	$8.04M	$8.27M	$8.01M
Pre-tax income	-$180.71M	-$63.11M	-$93.18M	-$138.25M	-$221.59M	-$102.28M	$273.75M	-$170.09M	$22.44M	-$381.00K	-$65.25M	-$244.86M
Income tax	-$7.47M	-$15.87M	-$21.96M	-$32.97M	-$56.30M	-$20.32M	$121.94M	-$44.41M	-$41.46M	-$4.84M	-$26.93M	-$68.82M
Net income	-$173.25M	-$47.24M	-$46.59M	-$105.28M	-$125.95M	-$81.95M	$151.82M	-$125.68M	$63.91M	$4.46M	-$38.33M	-$176.04M
EBITDA	-$79.65M	$39.47M	$10.96M	-$35.71M	-$59.62M	$5.62M	$33.75M	-$79.00M	$113.09M	$91.57M	$23.05M	-$157.20M
EPS (basic)	$-4.91	$-1.33	$-1.31	$-2.95	$-4.60	$-2.27	$4.18	$-3.47	$1.76	$-0.04	$-1.07	$-4.84
EPS (diluted)	$-4.91	$-1.33	$-1.31	$-2.95	$-4.60	$-2.27	$3.39	$-3.47	$1.72	$-0.04	$-1.07	$-4.84
Diluted shares	35.31M	35.42M	35.57M	35.66M	196.00K	36.11M	44.85M	36.20M	9.10M	35.88M	36.15M	36.34M
Operating margin	-51.0%	-12.6%	-26.2%	-51.8%	-46.5%	-28.1%	-17.8%	-62.2%	7.3%	1.9%	-19.6%	-87.7%
Net margin	-55.3%	-14.7%	-17.1%	-46.4%	-40.9%	-29.3%	53.8%	-48.0%	16.2%	1.2%	-12.2%	-64.2%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$614.55M	$693.95M	$559.76M	$539.63M	$501.95M	$465.02M	$355.66M	$384.83M	$507.78M	$629.11M	$550.97M	$527.20M
Inventory	$894.00K	$1.68M	$11.89M	$14.14M	$12.58M	$13.16M	$12.82M	$12.63M	$14.45M	$18.34M	$17.63M	$16.96M
Total current assets	$878.65M	$916.06M	$865.70M	$736.05M	$760.99M	$735.11M	$595.42M	$666.38M	$810.17M	$903.57M	$784.04M	$787.21M
Goodwill	$456.81M	$456.81M	$470.15M	$470.15M	$356.91M	$410.17M	$410.17M	$258.12M	$258.12M	$344.77M	$344.77M	$80.57M
Total assets	$4.88B	$4.87B	$4.79B	$4.59B	$4.46B	$4.45B	$4.20B	$4.05B	$4.12B	$4.22B	$4.04B	$3.72B
Total current liabilities	$1.40B	$1.40B	$1.37B	$1.32B	$1.37B	$1.38B	$526.94M	$697.23M	$743.37M	$742.66M	$640.41M	$671.05M
Short-term debt	$890.11M	$869.78M	$849.44M	$829.09M	$829.12M	$804.12M	$58.80M	$88.79M	$63.01M	$57.69M	$58.26M	$59.66M
Long-term debt	$521.41M	$522.06M	$522.74M	$523.42M	$524.01M	$524.68M	$830.53M	$786.07M	$767.44M	$752.70M	$722.14M	$708.77M
Total debt	$1.41B	$1.39B	$1.37B	$1.35B	$1.35B	$1.33B	$889.33M	$874.86M	$830.45M	$810.39M	$780.40M	$768.43M
Total liabilities	$2.42B	$2.43B	$2.37B	$2.28B	$2.30B	$2.31B	$1.89B	$1.96B	$1.95B	$1.97B	$1.81B	$1.75B
Shareholders' equity	$2.47B	$2.44B	$2.42B	$2.31B	$2.16B	$2.10B	$2.27B	$2.09B	$2.17B	$2.18B	$2.16B	$1.98B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$46.40M	$101.02M	-$72.44M	$34.09M	$6.73M	$6.35M	-$59.06M	$115.84M	$180.22M	$136.24M	-$33.66M	$56.88M
Free cash flow	$46.40M	$101.02M	-$72.44M	$34.09M	$6.73M	$6.35M	-$59.06M	$115.84M	$180.22M	$136.24M	-$33.66M	$56.88M
Investing cash flow	-$65.53M	-$21.21M	-$24.94M	-$19.59M	-$40.57M	-$17.57M	$34.01M	-$5.06M	-$15.28M	-$5.00M	-$14.62M	-$43.52M
Financing cash flow	$195.12M	-$12.96M	-$23.28M	-$35.62M	-$2.30M	-$26.31M	-$84.75M	-$81.02M	-$41.27M	-$22.26M	-$29.86M	-$37.91M
Share buybacks	—	—	—	—	—	—	—	—	-$16.00K	—	—	—
Stock-based compensation	$11.97M	$17.89M	$13.27M	$15.57M	$18.53M	$21.59M	$18.85M	$8.53M	$10.03M	$13.91M	$17.72M	$14.70M
Depreciation & amortization	$80.03M	$79.87M	$82.34M	$81.91M	$83.32M	$84.23M	$83.91M	$84.10M	$84.17M	$84.37M	$84.31M	$83.37M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.