InsiderClue
Stocks · Consumer discretionary · Services-Amusement & Recreation Services

Sphere Entertainment Co.

SPHR Clue Score58
United States Fiscal year ends December CIK 0001795250
$106.41 -2.60% Close, 9 Oct 2026
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Price $106.41 +56.21% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 9 Apr 2020. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2018Revenue989.0Operating income−31.3Net income6.9Fiscal year 2019Revenue1,048.9 +6.1%Operating income−45.6Net income−8.2 −219.2%EPS, diluted−0.35Fiscal year 2020Revenue1,436.0 +36.9%Operating income235.2Net income181.7EPS, diluted5.20Fiscal year 2021Revenue789.9 −45.0%Operating income−188.2Net income−148.2 −181.5%EPS, diluted−4.59Fiscal year 2022Revenue608.2 −23.0%Operating income−102.7Net income−194.4EPS, diluted−5.77Fiscal year 2023Revenue571.2 −6.1%Operating income−273.0Net income502.8EPS, diluted14.40Fiscal year 2024Revenue1,023.9 +79.2%Operating income−341.2Net income−200.6 −139.9%EPS, diluted−5.68Fiscal year 2025Revenue1,218.2 +19.0%Operating income−229.6Net income33.4EPS, diluted0.74
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 989.0 1,048.9 1,436.0 789.9 608.2 571.2 1,023.9 1,218.2
Growth +6.1% +36.9% −45.0% −23.0% −6.1% +79.2% +19.0%
Operating income −31.3 −45.6 235.2 −188.2 −102.7 −273.0 −341.2 −229.6
Net income 6.9 −8.2 181.7 −148.2 −194.4 502.8 −200.6 33.4
Growth −219.2% −181.5% −139.9%
EPS, diluted n/a −0.35 5.20 −4.59 −5.77 14.40 −5.68 0.74

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2018Operating margin−3.2%Net margin0.7%Free cash flow margin−4.3%Fiscal year 2019Operating margin−4.3%Net margin−0.8%Free cash flow margin−7.9%Fiscal year 2020Operating margin16.4%Net margin12.7%Free cash flow margin−10.2%Fiscal year 2021Operating margin−23.8%Net margin−18.8%Free cash flow margin−65.2%Fiscal year 2022Operating margin−16.9%Net margin−32.0%Free cash flow margin−101.2%Fiscal year 2023Operating margin−47.8%Net margin88.0%Fiscal year 2024Operating margin−33.3%Net margin−19.6%Fiscal year 2025Operating margin−18.8%Net margin2.7%
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin −3.2% −4.3% 16.4% −23.8% −16.9% −47.8% −33.3% −18.8%
Net margin 0.7% −0.8% 12.7% −18.8% −32.0% 88.0% −19.6% 2.7%
Free cash flow margin −4.3% −7.9% −10.2% −65.2% −101.2% n/a n/a n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2018Operating cash flow144.4Capital expenditure−187.4Free cash flow−43.0Fiscal year 2019Operating cash flow101.4Capital expenditure−184.0Free cash flow−82.6Fiscal year 2020Operating cash flow308.1Capital expenditure−455.2Free cash flow−147.1Buybacks−293.5Fiscal year 2021Operating cash flow−58.7Capital expenditure−456.0Free cash flow−514.7Buybacks0.0Fiscal year 2022Operating cash flow141.3Capital expenditure−756.7Free cash flow−615.4Buybacks0.0Fiscal year 2023Operating cash flow153.6Buybacks0.0Fiscal year 2024Operating cash flow−19.7Buybacks0.0Fiscal year 2025Operating cash flow243.3Buybacks−50.0
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 144.4 101.4 308.1 −58.7 141.3 153.6 −19.7 243.3
Capital expenditure −187.4 −184.0 −455.2 −456.0 −756.7 n/a n/a n/a
Free cash flow −43.0 −82.6 −147.1 −514.7 −615.4 n/a n/a n/a
Growth
Buybacks n/a n/a −293.5 0.0 0.0 0.0 0.0 −50.0

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2018Cash1,225.6Shareholders’ equity2,492.2Fiscal year 2019Cash1,082.1Total debt54.6Net cash (debt)1,027.5Shareholders’ equity2,572.0Debt to equity0.02Fiscal year 2020Cash906.6Total debt33.6Net cash (debt)873.0Shareholders’ equity2,856.0Debt to equity0.01Fiscal year 2021Cash1,517.0Total debt1,704.6Net cash (debt)−187.6Shareholders’ equity2,168.5Debt to equity0.79Fiscal year 2022Cash747.3Total debt995.5Net cash (debt)−248.2Shareholders’ equity1,963.2Debt to equity0.51Fiscal year 2023Cash132.0Total debt1,200.9Net cash (debt)−1,068.9Shareholders’ equity2,583.9Debt to equity0.46Fiscal year 2024Cash559.8Total debt1,372.2Net cash (debt)−812.4Shareholders’ equity2,415.6Debt to equity0.57Fiscal year 2025Cash507.8Total debt830.4Net cash (debt)−322.7Shareholders’ equity2,233.2Debt to equity0.37
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 1,225.6 1,082.1 906.6 1,517.0 747.3 132.0 559.8 507.8
Total debt n/a 54.6 33.6 1,704.6 995.5 1,200.9 1,372.2 830.4
Net cash (debt) n/a 1,027.5 873.0 −187.6 −248.2 −1,068.9 −812.4 −322.7
Shareholders’ equity 2,492.2 2,572.0 2,856.0 2,168.5 1,963.2 2,583.9 2,415.6 2,233.2
Debt to equity n/a 0.02 0.01 0.79 0.51 0.46 0.57 0.37

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2018 30 Jun 2018 FY2019 30 Jun 2019 FY2020 30 Jun 2020 FY2021 30 Jun 2021 FY2022 30 Jun 2022 FY2023 30 Jun 2023 FY2024 30 Jun 2024 FY2025 31 Dec 2025
Assets
1,225.6 1,082.1 906.6 1,517.0 747.3 132.0 559.8 507.8
n/a 81.0 57.2 184.6 216.7 n/a n/a n/a
n/a n/a n/a 9.5 13.5 0.0 11.9 14.5
n/a 1,349.1 1,660.5 2,156.3 2,157.6 3,307.2 3,158.4 2,710.6
147.6 165.6 498.8 456.8 456.8 456.8 470.2 344.8
n/a 3,315.8 3,733.5 5,289.9 5,522.2 4,973.0 4,787.9 4,209.9
Growth +12.6% +41.7% +4.4% −9.9% −3.7% −12.1%
Liabilities
n/a 6.0 5.4 54.0 66.0 82.5 849.4 63.0
n/a 48.6 28.1 1,650.6 929.5 1,118.4 522.7 767.4
calc n/a 54.6 33.6 1,704.6 995.5 1,200.9 1,372.2 830.4
n/a 662.3 844.8 2,971.6 3,362.6 2,389.2 2,372.3 1,976.7
Equity
n/a 0.0 142.3 −96.3 −290.7 212.0 11.4 −186.4
2,492.2 2,572.0 2,856.0 2,168.5 1,963.2 2,583.9 2,415.6 2,233.2
Growth +3.2% +11.0% −24.1% −9.5% +31.6% −6.5% −7.5%
Per share and net cash
calc n/a 1,027.5 873.0 −187.6 −248.2 −1,068.9 −812.4 −322.7

Lines marked calc are worked out here from filed figures; point at one for how.