Atlanta Braves Holdings Inc. (BATRA) financial statements: income statement, balance sheet and cash flow
Atlanta Braves Holdings Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Atlanta Braves Holdings Inc. reported revenue of $732.5M (+10.5% year on year) and net income of ($23.4M) (+25.3% year on year).
Income statement
Atlanta Braves Holdings Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Revenue
$732.5M
$662.7M
$640.7M
Operating costs
$511.4M
$513.9M
$491.2M
Selling, general and administrative, including stock-based compensation
$128.9M
$125.7M
$124.3M
Impairment expense
$30.1M
—
—
Depreciation and amortization
$75.6M
$62.8M
$71.0M
Total operating costs and expenses
$746.0M
$702.4M
$687.1M
Operating income (loss)
($13.5M)
($39.7M)
($46.4M)
Interest expense
($46.4M)
($38.8M)
($37.7M)
Share of earnings (losses) of affiliates, net (note 5)
$29.4M
$30.5M
$27.0M
Realized and unrealized gains (losses) on financial instruments, net
($1.0M)
$3.4M
$2.3M
Other, net
$7.4M
$8.6M
$6.5M
Earnings (loss) before income taxes
($24.1M)
($35.9M)
($129.2M)
Income tax benefit (expense) (note 9)
$831.0K
$4.7M
$3.9M
Net earnings (loss)
($23.3M)
($31.3M)
—
Less net earnings (loss) attributable to noncontrolling interests
$87.0K
—
—
Net earnings (loss) attributable to Atlanta Braves Holdings' shareholders
($23.4M)
($31.3M)
($125.3M)
Basic net earnings (loss) attributable to Atlanta Braves Holdings, Inc. shareholders per common share (note 2) (in dollars per share)
-$0.37
-$0.50
-$2.03
Diluted net earnings (loss) attributable to Atlanta Braves Holdings, Inc. shareholders per common share (in dollars per share)
-$0.37
-$0.50
-$2.03
Atlanta Braves Holdings Inc. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Revenue
$305.1M
$72.0M
$311.5M
$312.4M
Operating costs
$256.6M
$60.9M
$214.4M
$214.4M
Selling, general and administrative, including stock-based compensation
$43.6M
$35.3M
$34.8M
$34.9M
Depreciation and amortization
$23.5M
$17.1M
$23.5M
$21.3M
Total operating costs and expenses
$323.7M
$113.3M
$272.6M
$270.7M
Operating income (loss)
($18.5M)
($41.3M)
$38.9M
$41.8M
Interest expense
($11.6M)
($11.2M)
($12.3M)
($11.7M)
Share of earnings (losses) of affiliates, net (note 4)
$14.8M
($320.0K)
$13.3M
$10.6M
Realized and unrealized gains (losses) on financial instruments, net
$657.0K
$927.0K
$194.0K
($640.0K)
Other, net
$1.4M
$1.2M
$1.7M
$1.7M
Earnings (loss) before income taxes
($13.3M)
($50.6M)
$41.8M
$41.8M
Income tax benefit (expense)
$1.2M
$10.2M
($11.7M)
($12.3M)
Net earnings (loss)
($12.1M)
($40.4M)
$30.1M
—
Less net earnings (loss) attributable to noncontrolling interests
$171.0K
$56.0K
($124.0K)
—
Net earnings (loss) attributable to Atlanta Braves Holdings' stockholders
($12.2M)
($40.5M)
$30.0M
$29.5M
Basic net earnings (loss) attributable to Atlanta Braves Holdings' stockholders per common share (note 2) (in dollars per share)
-$0.19
-$0.63
$0.48
$0.47
Diluted net earnings (loss) attributable to Atlanta Braves Holdings' stockholders per common share (in dollars per share)
-$0.19
-$0.63
$0.47
$0.46
Balance sheet
Atlanta Braves Holdings Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Cash and cash equivalents
$99.9M
$110.1M
$125.1M
Restricted cash
$11.7M
$2.5M
$12.6M
Accounts receivable and contract assets, net of allowance for credit losses of $343 and $238, respectively
$33.6M
$50.0M
$62.9M
Other current assets
$13.6M
$16.6M
$17.4M
Total current assets
$158.7M
$179.1M
$218.0M
Property and equipment, at cost (note 4)
$1.3B
$1.2B
$1.1B
Accumulated depreciation
($397.1M)
($354.3M)
($325.2M)
Property and equipment, net
$868.9M
$807.5M
$766.7M
Investments in affiliates, accounted for using the equity method (note 5)
$116.8M
$108.8M
$99.2M
Goodwill
$175.8M
$175.8M
$175.8M
Franchise rights
$123.7M
$123.7M
$123.7M
Intangible assets, Total
$299.5M
$299.5M
$299.5M
Other assets, net
$171.1M
$129.0M
$120.9M
Total assets
$1.6B
$1.5B
$1.5B
Accounts payable and accrued liabilities
$43.5M
$63.7M
$73.1M
Deferred revenue and refundable tickets
$109.8M
$111.9M
$112.0M
Current portion of debt (note 6)
$215.3M
$104.2M
$42.2M
Other current liabilities
$8.4M
$6.9M
$6.4M
Total current liabilities
$377.0M
$286.7M
$233.7M
Long-term debt (note 6)
$523.3M
$512.9M
$527.1M
Finance lease liabilities (note 7)
$98.6M
$103.8M
$103.6M
Deferred income tax liabilities (note 9)
$41.3M
$43.5M
$50.4M
Pension liability (note 8)
$1.8M
$6.6M
$15.2M
Other noncurrent liabilities
$34.8M
$34.1M
$33.7M
Total liabilities
$1.1B
$987.6M
$963.7M
Common stock value
$627.0K
$624.0K
$619.0K
Additional paid-in capital
$1.1B
$1.1B
$1.1B
Accumulated other comprehensive earnings (loss), net of taxes
($2.7M)
($3.4M)
($7.3M)
Retained earnings (deficit)
($609.0M)
($585.6M)
($554.4M)
Total shareholders' equity
$526.0M
$524.2M
$528.6M
Noncontrolling interests in equity of subsidiaries
$12.1M
$12.0M
$12.0M
Total equity
$538.2M
$536.2M
$540.6M
Total liabilities and equity
$1.6B
$1.5B
$1.5B
Atlanta Braves Holdings Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$116.3M
$135.2M
$82.2M
$96.2M
Restricted cash
$62.7M
$33.7M
$32.4M
$57.4M
Accounts receivable and contract assets, net of allowances for credit losses of $343 at both June 30, 2026 and December 31, 2025
$86.8M
$29.9M
$86.9M
$60.7M
Other current assets
$22.1M
$25.9M
$15.5M
$22.3M
Total current assets
$287.9M
$224.6M
$217.1M
$236.5M
Property and equipment, at cost (note 3)
$1.3B
$1.3B
$1.3B
$1.3B
Accumulated depreciation
($419.8M)
($406.8M)
($392.0M)
($378.8M)
Property and equipment, net
$863.4M
$873.9M
$877.6M
$881.1M
Investments in affiliates, accounted for using the equity method (note 4)
$125.0M
$116.3M
$121.2M
$114.6M
Goodwill
$175.8M
$175.8M
$175.8M
$175.8M
Franchise rights
$123.7M
$123.7M
$123.7M
$123.7M
Intangible assets, Total
$299.5M
$299.5M
$299.5M
$299.5M
Prepaid pension asset
$407.0K
$524.0K
—
—
Other assets, net
$164.3M
$172.4M
$156.2M
$152.2M
Total assets
$1.7B
$1.7B
$1.7B
$1.7B
Accounts payable and accrued liabilities
$95.9M
$85.7M
$65.5M
$111.0M
Deferred revenue and refundable tickets
$149.9M
$181.4M
$73.2M
$144.4M
Current portion of debt (note 5)
$333.2M
$215.7M
$104.8M
$104.4M
Other current liabilities
$6.9M
$8.0M
$6.2M
$11.2M
Total current liabilities
$585.9M
$490.9M
$249.7M
$371.2M
Long-term debt (note 5)
$459.9M
$493.4M
$655.1M
$598.7M
Finance lease liabilities
$96.7M
$99.9M
$101.9M
$100.8M
Deferred income tax liabilities
$29.5M
$30.8M
$54.6M
$37.8M
Other noncurrent liabilities
$41.7M
$41.1M
$35.7M
$36.2M
Total liabilities
$1.2B
$1.2B
$1.1B
$1.1B
Common stock value
$637.0K
$637.0K
$627.0K
$626.0K
Additional paid-in capital
$1.2B
$1.2B
$1.1B
$1.1B
Accumulated other comprehensive earnings (loss), net of taxes
($2.7M)
($2.7M)
($3.3M)
($3.3M)
Retained earnings (deficit)
($661.7M)
($649.5M)
($567.6M)
($597.5M)
Total stockholders' equity
$514.3M
$519.0M
$560.3M
$522.8M
Noncontrolling interests in equity of subsidiaries
$12.4M
$12.2M
$12.2M
$12.0M
Total equity
$526.6M
$531.2M
$572.5M
$534.9M
Total liabilities and equity
$1.7B
$1.7B
$1.7B
$1.7B
Cash flow statement
Atlanta Braves Holdings Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Net earnings (loss)
($23.3M)
($31.3M)
($125.3M)
Depreciation and amortization
$75.6M
$62.8M
$71.0M
Stock-based compensation
$15.6M
$16.5M
$13.2M
Impairment expense
$30.1M
—
—
Share of (earnings) losses of affiliates, net
($29.4M)
($30.5M)
($27.0M)
Realized and unrealized (gains) losses on financial instruments, net
$1.0M
($3.4M)
($2.3M)
Deferred income tax expense (benefit)
($2.4M)
($9.3M)
($7.9M)
Cash receipts from returns on equity method investments
$21.1M
$21.6M
$22.4M
Net cash received (paid) for interest rate swaps
$2.3M
$5.8M
$5.1M
Other charges (credits), net
$6.5M
$1.9M
$1.2M
Current and other assets
($57.0M)
($15.8M)
($42.8M)
Payables and other liabilities
($14.9M)
($1.7M)
$13.1M
Net cash provided by (used in) operating activities
$25.2M
$16.6M
$1.6M
Capital expended for property and equipment
($51.3M)
—
—
Acquisition of real estate assets
($93.7M)
($86.0M)
($69.0M)
Other investing activities, net
$6.0K
$40.0K
$110.0K
Net cash provided by (used in) investing activities
($145.0M)
($86.3M)
($69.1M)
Borrowings of debt
$158.2M
$144.9M
$83.0M
Repayments of debt
($41.5M)
($102.4M)
($56.2M)
Proceeds (disbursements) from exercise of stock options and other stock issuances
9.1M
—
—
Other financing activities, net
($6.9M)
$2.1M
($6.6M)
Net cash provided by (used in) financing activities
$118.8M
$44.6M
$32.3M
Net increase (decrease) in cash, cash equivalents and restricted cash
($1.0M)
($25.1M)
($35.1M)
Cash, cash equivalents and restricted cash at beginning of period
$112.6M
$137.7M
$172.8M
Cash, cash equivalents and restricted cash at end of period
$111.6M
$112.6M
$137.7M
Atlanta Braves Holdings Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net earnings (loss)
($52.5M)
($40.4M)
$18.2M
($11.9M)
Depreciation and amortization
$40.6M
$17.1M
$58.0M
$34.5M
Stock-based compensation
$13.4M
$6.6M
$10.0M
$5.3M
Share of (earnings) losses of affiliates, net
($14.4M)
$320.0K
($24.2M)
($10.9M)
Realized and unrealized (gains) losses on financial instruments, net
($1.6M)
($927.0K)
$1.1M
$1.3M
Deferred income tax expense (benefit)
($11.8M)
($10.4M)
$11.1M
($5.8M)
Cash receipts from returns on equity method investments
$6.3M
$200.0K
$11.4M
$5.1M
Net cash received (paid) for interest rate swaps
($72.0K)
($6.0K)
$2.0M
$1.6M
Other charges (credits), net
$896.0K
$479.0K
$5.7M
$4.1M
Current and other assets
($73.3M)
($13.0M)
($62.3M)
($30.5M)
Payables and other liabilities
$90.8M
$102.6M
($32.1M)
$94.9M
Net cash provided by (used in) operating activities
($1.6M)
$62.5M
($1.2M)
$87.6M
Capital expended for property and equipment
($15.9M)
($8.6M)
($44.0M)
($36.4M)
Other investing activities, net
$4.0K
$5.0K
$6.0K
$4.0K
Net cash provided by (used in) investing activities
($15.9M)
($8.6M)
($137.7M)
($130.1M)
Borrowings of debt
$130.0M
—
$153.5M
$88.5M
Repayments of debt
($76.0M)
($29.7M)
($15.3M)
($5.7M)
Proceeds (disbursements) from exercise of stock options and other stock issuances
27.5M
26.8M
8.0M
5.3M
Other financing activities, net
$3.3M
$6.3M
($5.3M)
($4.6M)
Net cash provided by (used in) financing activities
$84.9M
$3.4M
$140.9M
$83.5M
Net increase (decrease) in cash, cash equivalents and restricted cash
$67.4M
$57.3M
$2.0M
$41.0M
Cash, cash equivalents and restricted cash at beginning of period
$111.6M
$111.6M
$112.6M
$112.6M
Cash, cash equivalents and restricted cash at end of period
$179.0M
$168.9M
$114.6M
$153.6M
Property and equipment expenditures incurred but not yet paid