Madison Square Garden Entertainment Corp. (MSGE) financial statements: income statement, balance sheet and cash flow
Madison Square Garden Entertainment Corp.'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 (Jun 30, 2026 · FY), Madison Square Garden Entertainment Corp. reported revenue of $1.1B (+22.9% year on year) and net income of $66.2M (+76.8% year on year).
Income statement
Madison Square Garden Entertainment Corp. income statement, fiscal years
Line item
Jun 30, 2026 · FY
Jun 30, 2025 · FY
Jun 30, 2024 · FY
Jun 30, 2023 · FY
Revenues
$1.1B
$862.8M
$886.0M
$851.5M
Total direct operating expenses
($582.3M)
($535.6M)
($568.8M)
($499.9M)
Selling, general and administrative expenses
($253.1M)
($215.0M)
($207.0M)
($180.2M)
Depreciation and amortization
($56.1M)
($57.8M)
($53.9M)
($60.5M)
Impairment of long-lived assets
($13.8M)
($11.2M)
—
—
Restructuring charges
($14.0M)
($1.1M)
($17.6M)
($10.2M)
Operating income
$141.5M
$122.1M
$111.9M
$105.0M
Interest income
$6.2M
$2.3M
$3.0M
$7.2M
Interest expense
($40.0M)
($50.5M)
($58.0M)
($51.9M)
Loss on extinguishment of debt
$0
($6.1M)
$0
$0
Other expense, net
($793.0K)
($2.2M)
($4.7M)
$17.4M
Income from operations before income taxes
$107.0M
$65.6M
—
—
Income tax (expense) benefit
($40.8M)
($28.1M)
$92.0M
($1.7M)
Net income
$66.2M
$37.4M
$144.3M
$76.6M
Basic (in dollars per share)
$1.39
$0.78
$2.99
$1.48
Diluted (in dollars per share)
$1.38
$0.77
$2.97
$1.47
Basic (in shares)
47.5M
48.0M
48.3M
51.8M
Diluted (in shares)
48.0M
48.3M
48.6M
52.3M
Madison Square Garden Entertainment Corp. income statement, quarters
Line item
Mar 31, 2026 · Q3
Dec 31, 2025 · Q2
Sep 30, 2025 · Q1
Mar 31, 2025 · Q3
Revenues
$210.8M
$424.8M
$154.1M
$206.0M
Arena license fees and other leasing revenue
$35.5M
$35.2M
$4.1M
$36.4M
Total revenues
$246.3M
$459.9M
$158.3M
$242.5M
Total direct operating expenses
($146.8M)
($212.7M)
($102.4M)
($138.9M)
Selling, general, and administrative expenses
($61.0M)
($68.4M)
($56.6M)
($52.1M)
Depreciation and amortization
($13.8M)
($14.0M)
($14.1M)
($14.4M)
Impairment of long-lived assets
$0
$0
($13.8M)
($9.7M)
Restructuring charges
($8.6M)
($1.1M)
($1.2M)
($84.0K)
Operating income
$16.1M
$163.8M
($29.7M)
$27.3M
Interest income
$2.2M
$813.0K
$520.0K
$710.0K
Interest expense
($9.4M)
($10.4M)
($11.0M)
($11.8M)
Other expense, net
($700.0K)
($673.0K)
($172.0K)
($949.0K)
Income from operations before income taxes
$8.2M
$153.5M
($40.4M)
$15.3M
Income tax expense
($3.1M)
($60.8M)
$18.8M
($7.3M)
Net income
$5.1M
$92.7M
($21.7M)
$8.0M
Basic (in dollars per share)
$0.11
$1.96
-$0.46
$0.17
Diluted (in dollars per share)
$0.11
$1.94
-$0.46
$0.17
Basic (in shares)
47.5M
47.4M
47.5M
48.0M
Diluted (in shares)
48.1M
47.8M
47.5M
48.3M
Balance sheet
Madison Square Garden Entertainment Corp. balance sheet, fiscal years
Line item
Jun 30, 2026 · FY
Jun 30, 2025 · FY
Jun 30, 2024 · FY
Jun 30, 2023 · FY
Cash, cash equivalents and restricted cash
$294.2M
$43.5M
$33.6M
$84.4M
Accounts receivable, net
$88.0M
$66.8M
$77.3M
$63.9M
Related party receivables, current
$28.1M
$22.5M
$17.5M
$69.5M
Prepaid expenses and other current assets
$111.9M
$104.3M
$90.8M
$77.6M
Total current assets
$522.1M
$237.1M
$219.1M
$295.3M
Property and equipment, net
$591.7M
$621.1M
$633.5M
$628.9M
Right-of-use lease assets
$448.9M
$484.5M
$388.7M
$235.8M
Goodwill
$69.0M
$69.0M
$69.0M
$69.0M
Indefinite-lived intangible assets
$63.8M
$63.8M
$63.8M
—
Deferred tax assets, net
$53.5M
$54.1M
$68.3M
—
Other non-current assets
$186.2M
$140.2M
$110.3M
$108.4M
Total assets
$1.9B
$1.7B
$1.6B
$1.4B
Accounts payable, accrued and other current liabilities
$324.7M
$184.4M
$203.8M
$214.7M
Related party payables, current
$64.0M
$23.8M
$42.5M
$47.3M
Long-term debt, current
$30.5M
$30.5M
$16.3M
$16.3M
Operating lease liabilities, current
$44.5M
$35.1M
$27.7M
$36.5M
Deferred revenue
$284.6M
$228.6M
$215.6M
$225.9M
Total current liabilities
$748.3M
$502.4M
$505.8M
$540.6M
Long-term debt, net of deferred financing costs
$540.3M
$568.8M
$599.2M
$630.2M
Operating lease liabilities, non-current
$560.1M
$566.5M
$427.0M
$220.0M
Other non-current liabilities
$40.8M
$45.5M
$43.8M
$56.3M
Total liabilities
$1.9B
$1.7B
$1.6B
$1.5B
Class A and B Common Stock
$534.0K
$530.0K
$525.0K
$519.0K
Additional paid-in capital
$61.9M
$44.8M
$33.5M
$17.7M
Treasury stock at cost (6,106 and 5,483 shares as of June 30, 2026 and June 30, 2025, respectively)
-205.2M
-180.2M
-140.5M
-25.0M
Retained earnings
$219.2M
$153.0M
$115.6M
($28.7M)
Accumulated other comprehensive loss
($30.7M)
($31.5M)
($32.3M)
($34.0M)
Total equity (deficit)
$45.8M
—
—
($69.5M)
Total liabilities and equity (deficit)
$1.9B
$1.7B
$1.6B
$1.4B
Madison Square Garden Entertainment Corp. balance sheet, quarters
Line item
Mar 31, 2026
Dec 31, 2025
Sep 30, 2025
Mar 31, 2025
Cash, cash equivalents, and restricted cash
$323.7M
$157.6M
$30.5M
$89.5M
Accounts receivable, net
$89.7M
$120.9M
$81.2M
$84.5M
Related party receivables, current
$31.9M
$38.5M
$23.8M
$31.9M
Prepaid expenses and other current assets
$93.4M
$103.2M
$128.8M
$101.8M
Total current assets
$538.6M
$420.1M
$264.2M
$307.6M
Property and equipment, net
$598.5M
$607.2M
$612.6M
$627.0M
Right-of-use lease assets
$453.8M
$458.3M
$464.0M
$489.8M
Goodwill
$69.0M
$69.0M
$69.0M
$69.0M
Indefinite-lived intangible assets
$63.8M
$63.8M
$63.8M
$63.8M
Deferred tax assets, net
$47.8M
$42.7M
$72.8M
$41.3M
Other non-current assets
$185.7M
$162.3M
$133.4M
$140.9M
Total assets
$2.0B
$1.8B
$1.7B
$1.7B
Accounts payable, accrued and other current liabilities
$340.1M
$227.9M
$153.8M
$175.5M
Related party payables, current
$51.1M
$68.9M
$45.4M
$73.8M
Long-term debt, current
$30.5M
$30.5M
$30.5M
$28.4M
Operating lease liabilities, current
$44.3M
$41.2M
$32.3M
$29.0M
Deferred revenue
$287.2M
$250.0M
$285.7M
$230.9M
Total current liabilities
$753.2M
$618.5M
$547.7M
$537.6M
Long-term debt, net of deferred financing costs
$547.5M
$554.6M
$581.7M
$577.4M
Operating lease liabilities, non-current
$564.9M
$569.2M
$570.8M
$569.8M
Other non-current liabilities
$43.7M
$45.1M
$45.5M
$45.1M
Total liabilities
$1.9B
$1.8B
$1.7B
$1.7B
Class A and Class B Common Stock
$534.0K
$534.0K
$534.0K
$529.0K
Additional paid-in-capital
$54.4M
$47.7M
$38.8M
$40.2M
Treasury stock at cost (6,106 and 5,483 shares as of March 31, 2026 and June 30, 2025, respectively)
-205.2M
-205.2M
-205.2M
-180.2M
Retained earnings
$229.2M
$224.1M
$131.4M
$180.2M
Accumulated other comprehensive loss
($30.9M)
($31.1M)
($31.3M)
($31.2M)
Total equity (deficit)
$48.0M
$36.0M
($65.8M)
$9.5M
Total liabilities and equity (deficit)
$2.0B
$1.8B
$1.7B
$1.7B
Cash flow statement
Madison Square Garden Entertainment Corp. cash flow statement, fiscal years
Line item
Jun 30, 2026 · FY
Jun 30, 2025 · FY
Jun 30, 2024 · FY
Jun 30, 2023 · FY
Net income
$66.2M
$37.4M
—
—
Depreciation and amortization
$56.1M
$57.8M
$53.9M
$60.5M
Impairment of long-lived assets
$13.8M
$11.2M
—
—
Share-based compensation expense, net
$32.4M
$27.7M
$31.2M
$31.8M
Amortization of deferred financing costs
$2.0M
$3.3M
$3.4M
$3.2M
Deferred income tax expense (benefit)
$138.0K
$14.8M
—
—
Loss on extinguishment of debt
$0
$6.1M
$0
$0
Other non-cash adjustments
($2.0K)
$889.0K
$1.6M
—
Accounts receivable, net
($22.1M)
$9.6M
($13.9M)
($4.2M)
Related party receivables and payables, net
$34.5M
($23.7M)
$47.2M
—
Prepaid expenses and other current and non-current assets
($51.6M)
($42.8M)
($44.2M)
($31.4M)
Accounts payable
$14.7M
($14.5M)
—
—
Accrued and other current and non-current liabilities
$126.0M
($32.6M)
—
—
Deferred revenue
$54.5M
$20.4M
($10.3M)
$24.3M
Operating lease right-of-use assets and lease liabilities
$24.8M
$39.7M
$45.4M
($13.9M)
Net cash provided by operating activities
$351.4M
$115.3M
$111.3M
$135.7M
Capital expenditures
($28.3M)
($22.2M)
($24.2M)
($15.2M)
Proceeds from sale of investments
$0
$55.0K
$28.5M
$24.3M
Loan to related parties
$0
$0
($65.0M)
($6.7M)
Other investing activities
($1.4M)
($1.5M)
($1.7M)
—
Net cash used in investing activities
($29.8M)
($23.7M)
($62.4M)
$30.3M
Proceeds from issuance of loans
$0
$609.4M
$0
$304.0K
Proceeds from revolving credit facilities
$35.0M
$55.0M
$73.0M
$0
Principal repayments on long-term debt
($65.5M)
($680.6M)
($106.3M)
($20.1M)
Repurchases of Class A common stock
($25.0M)
($39.7M)
($50.9M)
($25.0M)
Taxes paid in lieu of shares issued for equity-based compensation
-15.8M
-16.3M
-14.5M
—
Payments for debt financing costs
$0
($9.3M)
($633.0K)
$0
Other financing activities
$212.0K
($53.0K)
—
—
Net cash used in financing activities
($71.0M)
($81.6M)
($99.7M)
($144.2M)
Net increase (decrease) in cash, cash equivalents and restricted cash
$250.6M
$10.0M
($50.8M)
$21.8M
Cash, cash equivalents and restricted cash, beginning of period
$43.5M
$33.6M
$84.4M
$62.6M
Cash, cash equivalents and restricted cash, end of period
$294.2M
$43.5M
$33.6M
—
Capital expenditures incurred but not yet paid or paid by landlord
$86.0K
$23.7M
$34.8M
$761.0K
Non-cash financing activities
$0
($148.0K)
—
—
Non-cash stock repurchases in lieu of payment of loan due from related party
$0
$0
$65.5M
$5.3M
Madison Square Garden Entertainment Corp. cash flow statement, quarters
Line item
Mar 31, 2026 · YTD
Dec 31, 2025 · YTD
Sep 30, 2025 · Q1
Mar 31, 2025 · YTD
Net income
$76.2M
$71.1M
($21.7M)
$64.6M
Depreciation and amortization
$41.8M
$28.1M
$14.1M
$42.3M
Impairment of long-lived assets
$13.8M
$13.8M
$13.8M
$9.7M
Share-based compensation expense
$24.0M
$17.3M
$7.3M
$21.8M
Amortization of deferred financing costs
$1.5M
$1.0M
$527.0K
$2.5M
Deferred income tax expense
$6.0M
$11.4M
($18.8M)
$26.4M
Other non-cash adjustments
$447.0K
$176.0K
$29.0K
$730.0K
Accounts receivable, net
($23.4M)
($54.4M)
($14.4M)
($8.0M)
Related party receivables and payables, net
$17.9M
$29.0M
$20.3M
$16.9M
Prepaid expenses and other current and non-current assets
($33.7M)
($20.2M)
($16.7M)
($40.6M)
Accounts payable
$4.9M
$15.5M
$2.2M
($5.8M)
Accrued and other current, and non-current liabilities
$156.4M
$29.5M
($31.5M)
($44.5M)
Deferred revenue
$57.4M
$20.5M
$56.6M
$22.7M
Operating lease right-of-use assets and lease liabilities
$24.7M
$21.4M
$8.3M
$33.2M
Net cash provided by operating activities
$368.1M
$184.2M
$19.8M
$142.3M
Capital expenditures
($24.2M)
($14.3M)
($6.0M)
($18.2M)
Other investing activities
($1.2M)
($1.0M)
($845.0K)
($1.3M)
Net cash used in investing activities
($25.5M)
($15.3M)
($6.8M)
($19.4M)
Proceeds from revolving credit facilities
$35.0M
$35.0M
$35.0M
$55.0M
Principal repayments on long-term debt
($57.9M)
($50.2M)
($22.6M)
($67.2M)
Repurchases of Class A common stock
($25.0M)
($25.0M)
($25.0M)
($39.7M)
Taxes paid in lieu of shares issued for equity-based compensation
-14.8M
-14.8M
-13.3M
-15.1M
Other financing activities
$212.0K
$212.0K
—
($53.0K)
Net cash used in financing activities
($62.5M)
($54.9M)
($26.1M)
($67.0M)
Net increase in cash, cash equivalents, and restricted cash
$280.1M
$114.0M
($13.1M)
$55.9M
Cash, cash equivalents, and restricted cash, beginning of period
$43.5M
$43.5M
$43.5M
$33.6M
Cash, cash equivalents, and restricted cash, end of period
$323.7M
$157.6M
$30.5M
$89.5M
Capital expenditures incurred but not yet paid or paid by landlord