SPHR - NYSE

Sphere Entertainment Co.

SPHR·NYSE

$141.75

-2.8%

Communication ServicesEntertainment

Sphere Entertainment Co. engages in the entertainment business. It produces, presents, or hosts various live entertainment events, including concerts, family shows, and special events, as well as sporting events, such as professional boxing, college basketball and hockey, professional bull riding, mixed martial arts, and esports and wrestling in its venues, including The Garden, Hulu Theater, Radio City Music Hall, and the Beacon Theatre in New York City; and The Chicago Theatre. The company also operates 70 entertainment dining and nightlife venues spanning 20 markets across five continents under the Tao, Marquee, Lavo, Beauty & Essex, Cathédrale, Hakkasan, and Omnia brand names; and creates and operates New England's premier music festival. In addition, it features the Radio City Rockettes, which serves as the star for its Christmas Spectacular at Radio City Music Hall. The company was formerly known as Madison Square Garden Entertainment Corp. and changed its name to Sphere Entertainment Co. in April 2023. Sphere Entertainment Co. was founded in 2006 and is based in New York, New York.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$5.10B

EPS-5.6800

P/E Ratio-24.96

Earnings Date08/06/2026

4.79B

Assets

3Y-5.0%

5Y-4.0%

10Y-9.0%

2.37B

Total Liabilities

3Y-10.0%

5Y-1.0%

10Y-20.0%

2.42B

Total Equity

3Y-

5Y-7.0%

10Y+4.0%

Sphere Entertainment Co. Funding & Solvency Profile

SPHR · NYSE

Current Assets

Cash & Cash Equivalents559.76M

Net Receivables180.35M

Inventory12.58M

Other Current Assets80.62M

Total Current Assets866 M

Non-Current Assets

Property, Plant & Equipment3.13B

Goodwill & Intangible Assets438.56M

Long-Term Investments36.82M

Other Non-Current Assets317.18M

Total Non-Current Assets3 B

Total Assets

4.79B

Financial Health Analysis

Current Ratio

0.63x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Debt-to-Equity Ratio

0.98x

Balanced capital structure with moderate leverage. Equity exceeds debt, suggesting healthy financial stability.

Working Capital

-507981000

Negative working capital indicates short-term liabilities exceed short-term assets—potential liquidity stress.

Asset Composition

18% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Negative working capital but strong cash position suggests an efficient operating model (common in retail/subscription businesses) rather than financial distress.

Sphere Entertainment Co. Balance Sheet

SPHR • NYSE

Sphere Entertainment Co. Balance Sheet	Jun 2025	Dec 2024	Dec 2024	Jun 2024	Jun 2024	Jun 2023	Jun 2023	Jun 2022	Jun 2022	Jun 2021	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	559.8M	559.8M	559.8M	559.8M	573.2M	132M	132M	747.3M	747.3M	1.5B	1.5B	906.6M	1.1B	1.2B	1.2B	1.4B
Short-Term Investments	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	337.2M	108.4M	0.0	0.0	0.0
Cash & Short-Term Investments	559.8M	559.8M	559.8M	559.8M	573.2M	132M	132M	747.3M	747.3M	1.5B	1.5B	1.2B	1.2B	1.2B	1.2B	1.4B
Net Receivables	180.4M	180.4M	180.4M	241.5M	241.5M	160.2M	126.4M	126.4M	126.4M	216.5M	196.6M	61M	87.9M	82.4M	102.1M	76M
Accounts Receivables	180.4M	180.4M	180.4M	228.2M	237.6M	112.3M	124M	123.3M	124M	184.6M	196.6M	61M	81M	82.4M	102.1M	76M
Other Receivables	0.0	0.0	0.0	13.2M	3.9M	47.9M	2.4M	3M	2.4M	31.9M	0.0	0.0	0.0	0.0	0.0	0.0
Inventory	12.6M	12.6M	12.6M	11.9M	11.9M	0.0	327.1M	0.0	339.1M	0.0	101.4M	79.9M	34.1M	18.4M	0.0	0.0
Prepaids	32.4M	32.4M	32.4M	30.9M	30.9M	23.5M	23.5M	15.2M	15.2M	116.2M	70.3M	62.1M	24.1M	11.7M	23.4M	27M
Other Current Assets	80.6M	80.6M	80.6M	21.7M	8.2M	308.3M	15M	329.8M	-9.3M	23M	-12.5M	-20.3M	44.3M	33.6M	86.2M	56.5M
Total Current Assets	865.7M	865.7M	865.7M	865.7M	865.7M	623.9M	623.9M	1.2B	1.2B	1.9B	1.9B	1.4B	1.3B	1.4B	1.4B	1.6B
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	3.1B	3.1B	3.1B	3.3B	3.3B	3.4B	3.4B	2.2B	2.2B	2.4B	2.4B	1.9B	1.3B	1.2B	1.2B	1.2B
Goodwill	410.2M	410.2M	410.2M	470.2M	470.2M	456.8M	456.8M	456.8M	456.8M	502.2M	502.2M	74.3M	165.6M	165.6M	380.1M	277.2M
Intangible Assets	28.4M	28.4M	28.4M	31.9M	31.9M	17.9M	17.9M	21M	21M	262.1M	262.1M	214.2M	279.8M	297.9M	423.8M	182.6M
Goodwill & Intangible Assets	438.6M	438.6M	438.6M	502.1M	502.1M	474.7M	474.7M	477.8M	477.8M	764.3M	764.3M	288.5M	445.4M	463.5M	803.9M	459.7M
Long-Term Investments	36.8M	36.8M	36.8M	30.7M	30.7M	395.6M	394.5M	40.3M	40.3M	49.2M	49.2M	52.6M	84.6M	210M	242.3M	263.5M
Tax Assets	0.0	0.0	0.0	0.0	0.0	0.0	93M	0.0	235.1M	0.0	244.6M	98.8M	52.9M	50.1M	0.0	0.0
Other Non-Current Assets	317.2M	317.2M	317.2M	124.5M	398.4M	86.7M	-5.2M	1.6B	1.3B	166.8M	-77.8M	-13.7M	37M	-14.2M	57.6M	56.2M
Total Non-Current Assets	3.9B	3.9B	3.9B	3.9B	4.2B	4.3B	4.3B	4.3B	4.3B	3.4B	3.4B	2.3B	2B	1.9B	2.3B	1.9B
Total Assets	4.8B	4.8B	4.8B	4.8B	5.1B	5B	5B	5.5B	5.5B	5.3B	5.3B	3.7B	3.3B	3.3B	3.7B	3.5B
LIABILITIES
CURRENT LIABILITIES
Total Payables	14.8M	14.8M	14.8M	99.7M	51.5M	169.7M	51.5M	2.1M	2.1M	49.8M	49.8M	35.7M	42.9M	41.8M	24.1M	13.9M
Accounts Payable	14.8M	14.8M	14.8M	18.9M	39.7M	39.7M	39.7M	2M	2M	26.6M	26.6M	17.3M	24M	28.3M	24.1M	13.9M
Other Payables	0.0	0.0	0.0	80.8M	11.8M	130.1M	11.8M	110K	110K	23.2M	23.2M	18.4M	18.9M	13.5M	0.0	0.0
Accrued Expenses	145.8M	145.8M	145.8M	325.6M	85.8M	402.5M	402.5M	274.5M	274.5M	343M	343M	68.8M	82.4M	70.2M	330.2M	253.2M
Short Term Debt	849.4M	849.4M	849.4M	849.4M	849.4M	82.5M	82.5M	66M	66M	54M	54M	5.4M	6M	4.4M	0.0	0.0
Capital Lease Obligations (Current)	18.5M	18.5M	18.5M	18.5M	18.5M	10.1M	10.1M	6.6M	6.6M	73.4M	73.4M	53.4M	0.0	0.0	0.0	0.0
Tax Payables	0.0	0.0	0.0	0.0	0.0	11.8M	11.8M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Deferred Revenue	80.4M	80.4M	80.4M	80.4M	80.4M	27.3M	27.3M	4.3M	4.3M	209.7M	209.7M	189.3M	186.9M	216.3M	0.0	0.0
Other Current Liabilities	264.7M	264.7M	264.7M	0.0	288M	0.0	118.2M	607.6M	607.6M	0.0	0.0	157.3M	155.8M	151.1M	407.8M	347.7M
Total Current Liabilities	1.4B	1.4B	1.4B	1.4B	1.4B	692.1M	692.1M	961.1M	961.1M	729.9M	729.9M	510M	474M	483.9M	762M	614.8M
NON-CURRENT LIABILITIES
Long Term Debt	522.7M	522.7M	522.7M	522.7M	522.7M	1.1B	1.1B	929.5M	929.5M	1.7B	1.7B	28.1M	48.6M	101.3M	105.4M	0.0
Deferred Revenue (Non-Current)	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	41.7M	57.2M	63.4M	0.0	0.0
Deferred Tax Liabilities (Non-Current)	225.2M	225.2M	225.2M	225.2M	497M	379.6M	379.6M	144.4M	144.4M	200.3M	200.3M	12.5M	23M	23.3M	0.0	0.0
Other Non-Current Liabilities	122.7M	122.7M	122.7M	122.7M	122.7M	88.8M	88.8M	1.2B	1.2B	157.3M	157.3M	78.3M	82.5M	72.9M	344.8M	0.0
Total Non-Current Liabilities	998.7M	998.7M	998.7M	998.7M	1.3B	1.7B	1.7B	2.4B	2.4B	2.2B	2.2B	334.8M	188.2M	237.6M	450.2M	0.0
Capital Lease Obligations	146.6M	146.6M	146.6M	146.6M	146.6M	120.4M	120.4M	91M	91M	307M	307M	227.6M	0.0	0.0	0.0	0.0
Total Liabilities	2.4B	2.4B	2.4B	2.4B	2.6B	2.4B	2.4B	3.4B	3.4B	3B	3B	844.8M	662.3M	721.5M	1.2B	614.8M
SHAREHOLDERS' EQUITY
Treasury Stock	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-242.1M	-101.9M
Common Stock	354K	354K	354K	354K	354K	347K	347K	342K	342K	340K	340K	240K	2.6B	2.5B	249K	249K
Additional Paid-In Capital	2.4B	2.4B	2.4B	2.4B	2.4B	2.4B	2.4B	2.3B	2.3B	2.3B	2.3B	2.8B	0.0	0.0	2.8B	2.8B
Retained Earnings	11.4M	11.4M	11.4M	11.4M	11.4M	212M	212M	-290.7M	-290.7M	-96.3M	-96.3M	142.3M	0.0	-46.9M	-148.4M	-75.7M
Accumulated Other Comprehensive Income/Loss	-6.6M	-6.6M	-6.6M	-6.6M	-6.6M	-4.9M	-4.9M	-48.4M	-48.4M	-30.3M	-30.3M	-51.9M	-46.9M	-46.9M	-34.1M	-42.6M
Total Stockholders' Equity	2.4B	2.4B	2.4B	2.4B	2.4B	2.6B	2.6B	2B	2B	2.2B	2.2B	2.9B	2.6B	2.5B	2.4B	2.6B
Total Equity	2.4B	2.4B	2.4B	2.4B	2.4B	2.6B	2.6B	2.2B	2.2B	2.3B	2.3B	2.9B	2.7B	2.6B	2.5B	2.6B
Minority Interest	0.0	0.0	0.0	0.0	0.0	0.0	196.4M	196.4M	196.4M	149.7M	149.7M	32.8M	81.4M	88.2M	92.3M	0.0
SUMMARY
Total Liabilities & Equity	4.8B	4.8B	4.8B	4.8B	5.1B	5B	5B	5.5B	5.5B	5.3B	5.3B	3.7B	3.3B	3.3B	3.7B	3.2B
Total Investments	36.8M	36.8M	36.8M	30.7M	30.7M	395.6M	394.5M	40.3M	40.3M	49.2M	49.2M	389.8M	193M	210M	242.3M	263.5M
Total Debt	1.5B	1.5B	1.5B	1.5B	1.5B	1.3B	1.3B	1.1B	1.1B	2B	2B	261.2M	54.6M	105.7M	105.4M	0.0
Net Debt	959M	959M	959M	959M	945.5M	1.2B	1.2B	339.2M	339.2M	494.6M	494.6M	-645.4M	-1B	-1.1B	-1.1B	-1.4B
Shares Outstanding	36,344,067	36,344,067	36,344,067	36,344,067	36,344,067	36,344,067	36,344,067	36,344,067	36,344,067	36,344,067	36,344,067	36,344,067	36,344,067	36,344,067	36,344,067	36,344,067

SEC Filings

SPHR - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
10-Q 10-Q 2026 Q1 Q1	May 05, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 05, 2026	May 05, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	April 28, 2026	April 28, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 12, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 12, 2026	February 12, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 03, 2026	January 29, 2026	2026	View Filing
8-K 8-K 2025 N/A	November 21, 2025	November 19, 2025	2025	View Filing
10-Q 10-Q 2025 Q3 Q3	November 04, 2025	September 30, 2025	2025	View Filing
8-K 8-K 2025 N/A	November 04, 2025	November 04, 2025	2025	View Filing
8-K 8-K 2025 N/A	September 26, 2025	September 22, 2025	2025	View Filing

Showing 1 to 10 of 135 filings

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