NYSE: MSGS
Madison Square Garden Sports Corp.CIK 0001636519 · SIC 7990 · Miscellaneous Amusement & Recreation
Mid
Revenue $1.2B
Assets $1.5B
as of Sep 23, 2026
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8-K
Filed Sep 22, 2026
· Period ending Sep 21, 2026
Summary not yet generated.
8-K
Filed Aug 13, 2026
· Period ending Aug 13, 2026
Summary not yet generated.
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10-K
Filed Aug 13, 2026
· Period ending Jun 30, 2026
MSGS explores Rangers spin-off; revenue +11% to $1.15B, net income $7.8M in FY2026
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8-K
Filed May 8, 2026
· Period ending May 8, 2026
Summary not yet generated.
10-Q
Filed May 8, 2026
· Period ending Mar 31, 2026
Summary not yet generated.
8-K
Filed May 4, 2026
· Period ending Apr 28, 2026
Summary not yet generated.
10-Q
Filed Feb 6, 2026
· Period ending Dec 31, 2025
Summary not yet generated.
10-K
Filed Aug 12, 2025
· Period ending Jun 30, 2025
Summary not yet generated.
Latest financial statements
From 10-K filed Aug 13, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Consolidated Statements of Operations
(in thousands, except per share data)
| Description | Years ended June 30, 2026 | Years ended June 30, 2025 | Years ended June 30, 2024 |
|---|---|---|---|
| Revenues (a) | 1,153,822 | 1,039,220 | 1,027,149 |
| Operating expenses: | |||
| Direct operating expenses (b) | 833,702 | 755,118 | 616,514 |
| Selling, general and administrative expenses (c) | 285,995 | 266,076 | 261,433 |
| Depreciation and amortization | 3,179 | 3,218 | 3,164 |
| Restructuring charges | 2,078 | — | — |
| Operating income | 28,868 | 14,808 | 146,038 |
| Other income (expense): | |||
| Interest income | 2,939 | 4,034 | 2,787 |
| Interest expense | (21,085) | (21,652) | (27,589) |
| Miscellaneous income (expense), net | 7,261 | (14,462) | (15,568) |
| (10,885) | (32,080) | (40,370) | |
| Income (loss) before income taxes | 17,983 | (17,272) | 105,668 |
| Income tax expense | (10,224) | (5,166) | (46,897) |
| Net income (loss) | 7,759 | (22,438) | 58,771 |
| Basic earnings (loss) per common share attributable to Madison Square Garden Sports Corp.’s stockholders | 0.32 | (0.93) | 2.45 |
| Diluted earnings (loss) per common share attributable to Madison Square Garden Sports Corp.’s stockholders | 0.32 | (0.93) | 2.44 |
| Weighted-average number of common shares outstanding: | |||
| Basic | 24,154 | 24,089 | 24,011 |
| Diluted | 24,252 | 24,089 | 24,096 |
Consolidated Balance Sheets
(in thousands, except per share data)
| Description | June 30, 2026 | June 30, 2025 |
|---|---|---|
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | 164,511 | 144,617 |
| Restricted cash | — | 8,571 |
| Accounts receivable, net | 52,184 | 25,855 |
| Net related party receivables | 36,103 | 3,582 |
| Prepaid expenses | 43,104 | 43,417 |
| Other current assets | 27,388 | 25,053 |
| Total current assets | 323,290 | 251,095 |
| Property and equipment, net | 27,163 | 28,962 |
| Right-of-use lease assets | 740,576 | 760,456 |
| Indefinite-lived intangible assets | 103,644 | 103,644 |
| Goodwill | 226,523 | 226,523 |
| Investments | 65,618 | 54,720 |
| Deferred tax assets, net | 28,773 | 34,821 |
| Other assets | 22,065 | 12,753 |
| Total assets | 1,537,652 | 1,472,974 |
| See accompanying notes to consolidated financial statements. | ||
| LIABILITIES AND EQUITY | ||
| Current Liabilities: | ||
| Accounts payable | 18,411 | 9,336 |
| Net related party payables | 4,964 | 4,807 |
| Debt | 16,500 | 24,000 |
| Accrued liabilities: | ||
| Employee-related costs | 159,940 | 98,924 |
| League-related accruals | 209,926 | 196,567 |
| Other accrued liabilities | 9,444 | 13,093 |
| Operating lease liabilities, current | 57,834 | 52,618 |
| Deferred revenue | 165,416 | 164,178 |
| Total current liabilities | 642,435 | 563,523 |
| Long-term debt | 242,000 | 267,000 |
| Operating lease liabilities, noncurrent | 843,975 | 841,050 |
| Other employee-related costs | 71,984 | 82,178 |
| Deferred revenue, noncurrent | 554 | 662 |
| Total liabilities | 1,800,948 | 1,754,413 |
| Commitments and contingencies (see Note 13) | ||
| Madison Square Garden Sports Corp. Stockholders’ Equity: | ||
| Class A Common Stock, par value $0.01, 120,000 shares authorized; 19,547 and 19,488 shares outstanding as of June 30, 2026 and 2025, respectively | 204 | 204 |
| Class B Common Stock, par value $0.01, 30,000 shares authorized; 4,530 shares outstanding as of June 30, 2026 and 2025 | 45 | 45 |
| Preferred stock, par value $0.01, 15,000 shares authorized; none outstanding as of June 30, 2026 and 2025 | — | — |
| Additional paid-in capital | 17,090 | 15,348 |
| Treasury stock, at cost, 908 and 960 shares as of June 30, 2026 and 2025, respectively | (149,858) | (158,543) |
| Accumulated deficit | (129,861) | (137,596) |
| Accumulated other comprehensive loss | (916) | (897) |
| Total equity | (263,296) | (281,439) |
| Total liabilities and equity | 1,537,652 | 1,472,974 |
Consolidated Statements of Cash Flows
(in thousands)
| Description | Years ended June 30, 2026 | Years ended June 30, 2025 | Years ended June 30, 2024 |
|---|---|---|---|
| Cash flows from operating activities: | |||
| Net income (loss) | 7,759 | (22,438) | 58,771 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization | 3,179 | 3,218 | 3,164 |
| Deferred income taxes | 6,054 | (51,769) | (7,135) |
| Share-based compensation expense | 21,524 | 17,935 | 21,291 |
| Unrealized (gain) loss on equity investments with readily determinable fair value and warrants | (9,340) | 11,536 | 10,591 |
| Other non-cash adjustments | 6,684 | 5,538 | 7,264 |
| Change in assets and liabilities: | |||
| Accounts receivable | (26,329) | 7,926 | 6,358 |
| Net related party receivables | (32,521) | 28,673 | (16,286) |
| Prepaid expenses and other assets | (8,103) | (12,978) | 4,481 |
| Investments | (2,532) | (2,503) | (2,683) |
| Accounts payable | 9,090 | (574) | 803 |
| Net related party payables | 168 | (1,920) | 1,048 |
| Accrued and other liabilities | 57,879 | 66,389 | (398) |
| Deferred revenue | 1,130 | 15,015 | (19,892) |
| Operating lease right-of-use assets and lease liabilities | 28,021 | 27,559 | 24,754 |
| Net cash provided by operating activities | 62,663 | 91,607 | 92,131 |
| Cash flows from investing activities: | |||
| Capital expenditures | (1,407) | (3,621) | (1,451) |
| Purchases of investments | (2,401) | (3,399) | (7,447) |
| Distribution from equity method investee | 1,602 | — | — |
| Other investing activities | — | 100 | — |
| Net cash used in investing activities | (2,206) | (6,920) | (8,898) |
| Cash flows from financing activities: | |||
| Taxes paid in lieu of shares issued for equity-based compensation | (11,097) | (11,773) | (8,084) |
| Dividends paid | (472) | (633) | (701) |
| Proceeds from revolving credit facilities | — | — | 75,000 |
| Repayment of revolving credit facility | (25,000) | (8,000) | (95,000) |
| Repayment of NHL advance | (7,500) | (6,000) | — |
| Payments for financing costs | (5,065) | — | — |
| Net cash used in financing activities | (49,134) | (26,406) | (28,785) |
| Net increase in cash, cash equivalents and restricted cash | 11,323 | 58,281 | 54,448 |
| Cash, cash equivalents and restricted cash at beginning of period | 153,188 | 94,907 | 40,459 |
| Cash, cash equivalents and restricted cash at end of period | 164,511 | 153,188 | 94,907 |
| Non-cash investing and financing activities: | |||
| Capital expenditures incurred but not yet paid | — | 26 | 40 |
Amounts as printed on the EDGAR/iXBRL face — (in thousands, except per share data); (in thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗