Madison Square Garden Sports Corp. (MSGS) financial statements: income statement, balance sheet and cash flow
Madison Square Garden Sports 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 Sports Corp. reported revenue of $1.2B (+11.0% year on year) and net income of $7.8M (+134.6% year on year).
Income statement
Madison Square Garden Sports Corp. income statement, fiscal years
Line item
Jun 30, 2026 · FY
Jun 30, 2025 · FY
Jun 30, 2024 · FY
Jun 30, 2023 · FY
Revenues
$1.2B
$1.0B
$1.0B
$887.4M
Direct operating expenses
$833.7M
$755.1M
$616.5M
$548.8M
Selling, general and administrative expenses
$286.0M
$266.1M
$261.4M
$249.9M
Depreciation and amortization
$3.2M
$3.2M
$3.2M
$3.6M
Restructuring charges
$2.1M
—
—
—
Operating income
$28.9M
$14.8M
$146.0M
$85.2M
Interest income
$2.9M
$4.0M
$2.8M
$2.4M
Interest expense
($21.1M)
($21.7M)
($27.6M)
($22.9M)
Miscellaneous income (expense), net
$7.3M
($14.5M)
($15.6M)
$25.2M
Other income (expense)
($10.9M)
($32.1M)
($40.4M)
$4.7M
Income (loss) before income taxes
$18.0M
($17.3M)
$105.7M
$89.9M
Income tax expense
($10.2M)
($5.2M)
($46.9M)
($44.3M)
Net income (loss)
$7.8M
($22.4M)
$58.8M
$45.6M
Basic earnings (loss) per common share attributable to Madison Square Garden Sports Corp.’s stockholders (in USD per share)
$0.32
-$0.93
$2.45
$1.90
Diluted earnings (loss) per common share attributable to Madison Square Garden Sports Corp.’s stockholders (in USD per share)
$0.32
-$0.93
$2.44
$1.89
Basic (in shares)
24.2M
24.1M
24.0M
24.1M
Diluted (in shares)
24.3M
24.1M
24.1M
24.2M
Madison Square Garden Sports Corp. income statement, quarters
Line item
Mar 31, 2026 · Q3
Dec 31, 2025 · Q2
Sep 30, 2025 · Q1
Mar 31, 2025 · Q3
Revenues
$432.2M
$403.4M
$39.5M
$424.2M
Direct operating expenses
$354.5M
$311.4M
$8.3M
$316.3M
Selling, general and administrative expenses
$73.7M
$69.1M
$57.8M
$74.7M
Depreciation and amortization
$790.0K
$790.0K
$811.0K
$823.0K
Restructuring charges
$1.2M
—
—
—
Operating income (loss)
$2.0M
$22.2M
($27.4M)
$32.3M
Interest income
$733.0K
$496.0K
$578.0K
$1.1M
Interest expense
($4.8M)
($6.2M)
($5.6M)
($5.0M)
Miscellaneous (expense) income, net
($11.2M)
($1.5M)
$15.1M
($5.7M)
Other income (expense)
($15.3M)
($7.2M)
$10.1M
—
(Loss) income before income taxes
($13.3M)
$15.0M
($17.4M)
$22.6M
Income tax expense
($6.7M)
($6.7M)
$8.6M
($36.9M)
Net loss
($20.0M)
$8.2M
($8.8M)
($14.2M)
Basic loss per common share attributable to Madison Square Garden Sports Corp.’s stockholders (in USD per share)
-$0.83
$0.34
-$0.37
-$0.59
Diluted loss per common share attributable to Madison Square Garden Sports Corp.’s stockholders (in USD per share)
-$0.83
$0.34
-$0.37
-$0.59
Basic (in shares)
24.2M
24.2M
24.1M
24.1M
Diluted (in shares)
24.2M
24.2M
24.1M
24.1M
Balance sheet
Madison Square Garden Sports Corp. balance sheet, fiscal years
Line item
Jun 30, 2026 · FY
Jun 30, 2025 · FY
Jun 30, 2024 · FY
Jun 30, 2023 · FY
Cash and cash equivalents
$164.5M
$144.6M
$89.1M
$40.4M
Restricted cash
$0
$8.6M
$5.8M
$61.0K
Accounts receivable, net
$88.3M
$29.4M
$66.0M
$56.1M
Prepaid expenses
$43.1M
$43.4M
$31.0M
$24.8M
Other current assets
$27.4M
$25.1M
$25.0M
$27.9M
Total current assets
$323.3M
$251.1M
$216.9M
$149.2M
Property and equipment, net
$27.2M
$29.0M
$28.5M
$30.5M
Right-of-use lease assets
$740.6M
$760.5M
$694.6M
$715.3M
Indefinite-lived intangible assets
$103.6M
$103.6M
$103.6M
$103.6M
Goodwill
$226.5M
$226.5M
$226.5M
$226.5M
Investments
$65.6M
$54.7M
$62.5M
$67.4M
Deferred tax assets, net
$28.8M
$34.8M
—
—
Other assets
$22.1M
$12.8M
$13.5M
$22.5M
Total assets
$1.5B
$1.5B
$1.3B
$1.3B
Accounts payable
$23.4M
$14.1M
$16.6M
$14.9M
Debt
$16.5M
$24.0M
$30.0M
$30.0M
Employee-related costs
$159.9M
$98.9M
$133.9M
$144.3M
League-related accruals
$209.9M
$196.6M
$120.9M
$106.9M
Other accrued liabilities
$9.4M
$13.1M
$21.6M
$17.6M
Operating lease liabilities, current
$57.8M
$52.6M
$50.3M
$49.7M
Deferred revenue
$165.4M
$164.2M
$148.7M
$157.1M
Total current liabilities
$642.4M
$563.5M
$522.0M
$520.5M
Long-term debt
$242.0M
$267.0M
$275.0M
$295.0M
Operating lease liabilities, noncurrent
$844.0M
$841.0M
$750.0M
$746.4M
Other employee-related costs
$72.0M
$78.1M
$43.5M
$49.1M
Deferred revenue, noncurrent
$554.0K
$662.0K
$1.1M
$12.7M
Total liabilities
$1.8B
$1.8B
$1.6B
$1.7B
Common stock, value issued
$249.0K
$249.0K
$249.0K
$249.0K
Preferred stock, par value $0.01, 15,000 shares authorized; none outstanding as of June 30, 2026 and 2025
0
0
—
—
Additional paid-in capital
$17.1M
$15.3M
$19.1M
$16.8M
Treasury stock, at cost, 908 and 960 shares as of June 30, 2026 and 2025, respectively
-149.9M
-158.5M
-169.5M
-179.4M
Accumulated deficit
($129.9M)
($137.6M)
($115.1M)
($173.9M)
Accumulated other comprehensive loss
($916.0K)
($897.0K)
($952.0K)
($1.0M)
Total equity
($263.3M)
($281.4M)
($266.3M)
($337.2M)
Total liabilities and equity
$1.5B
$1.5B
$1.3B
$1.3B
Madison Square Garden Sports Corp. balance sheet, quarters
Line item
Mar 31, 2026
Dec 31, 2025
Sep 30, 2025
Mar 31, 2025
Cash and cash equivalents
$107.0M
$81.3M
$48.6M
$96.5M
Restricted cash
$0
$0
$8.6M
$8.5M
Accounts receivable, net
$91.1M
$110.6M
$69.3M
$139.2M
Prepaid expenses
$43.2M
$82.8M
$102.5M
$35.3M
Other current assets
$54.2M
$24.9M
$17.6M
$39.8M
Total current assets
$295.6M
$299.6M
$246.7M
$319.3M
Property and equipment, net of accumulated depreciation and amortization of $55,085 and $53,635 as of March 31, 2026 and June 30, 2025, respectively
$27.9M
$28.6M
$28.7M
$29.4M
Right-of-use lease assets
$743.5M
$751.0M
$758.4M
$763.5M
Indefinite-lived intangible assets
$103.6M
$103.6M
$103.6M
$103.6M
Goodwill
$226.5M
$226.5M
$226.5M
$226.5M
Investments
$60.0M
$72.4M
$73.5M
$53.4M
Deferred tax assets, net
$30.8M
$36.6M
$43.3M
—
Other assets
$21.5M
$26.4M
$36.6M
$8.7M
Total assets
$1.5B
$1.5B
$1.5B
$1.5B
Accounts payable
$12.8M
$13.0M
$9.6M
$13.5M
Debt
$16.5M
$24.0M
$24.0M
$24.0M
Employee-related costs
$173.2M
$99.3M
$56.6M
$139.0M
League-related accruals
$263.9M
$192.2M
$156.6M
$170.2M
Other accrued liabilities
$12.3M
$8.1M
$5.8M
$53.7M
Operating lease liabilities, current
$57.0M
$55.9M
$54.2M
$51.0M
Deferred revenue
$102.0M
$249.1M
$330.6M
$165.9M
Total current liabilities
$637.8M
$641.6M
$637.3M
$617.2M
Long-term debt
$242.0M
$267.0M
$267.0M
$267.0M
Operating lease liabilities, noncurrent
$852.3M
$841.0M
$829.4M
$848.5M
Other employee-related costs
$72.1M
$76.6M
$77.3M
$47.3M
Deferred revenue, noncurrent
$578.0K
$606.0K
$634.0K
$718.0K
Total liabilities
$1.8B
$1.8B
$1.8B
$1.8B
Common stock, value issued
$249.0K
$249.0K
$249.0K
$249.0K
Preferred stock, par value $0.01, 15,000 shares authorized; none outstanding as of March 31, 2026 and June 30, 2025
0
0
0
0
Additional paid-in capital
$13.2M
$6.6M
$4.4M
$11.9M
Treasury stock, at cost, 908 and 960 shares as of March 31, 2026 and June 30, 2025, respectively
-149.9M
-149.9M
-151.5M
-158.8M
Accumulated deficit
($158.2M)
($138.2M)
($146.4M)
($135.8M)
Accumulated other comprehensive loss
($894.0K)
($894.0K)
($896.0K)
($911.0K)
Total equity
($295.4M)
($282.1M)
($294.2M)
($283.4M)
Total liabilities and equity
$1.5B
$1.5B
$1.5B
$1.5B
Cash flow statement
Madison Square Garden Sports 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 (loss)
$7.8M
—
—
$45.6M
Depreciation and amortization
$3.2M
$3.2M
$3.2M
$3.6M
Deferred income taxes
$6.1M
($51.8M)
($7.1M)
$15.0M
Share-based compensation expense
$21.5M
$17.9M
$21.3M
$25.2M
Unrealized (gain) loss on equity investments with readily determinable fair value and warrants
($9.3M)
$11.5M
$10.6M
($26.6M)
Other non-cash adjustments
$6.7M
$5.5M
$7.3M
$3.3M
Accounts receivable
($26.3M)
$7.9M
$6.4M
$6.0M
Net related party receivables
($32.5M)
$28.7M
($16.3M)
$11.5M
Prepaid expenses and other assets
($8.1M)
($13.0M)
$4.5M
($5.7M)
Investments
($2.5M)
($2.5M)
($2.7M)
($10.6M)
Accounts payable
$9.1M
($574.0K)
$803.0K
($2.1M)
Net related party payables
$168.0K
($1.9M)
$1.0M
($13.9M)
Accrued and other liabilities
$57.9M
$66.4M
($398.0K)
$69.0M
Deferred revenue
$1.1M
$15.0M
($19.9M)
$7.6M
Operating lease right-of-use assets and lease liabilities
$28.0M
$27.6M
$24.8M
$24.4M
Net cash provided by operating activities
$62.7M
$91.6M
$92.1M
$152.5M
Capital expenditures
($1.4M)
($3.6M)
($1.5M)
($1.2M)
Purchases of investments
($2.4M)
($3.4M)
($7.4M)
($13.6M)
Distribution from equity method investee
$1.6M
—
—
—
Other investing activities
$0
$100.0K
—
—
Net cash used in investing activities
($2.2M)
($6.9M)
($8.9M)
($17.8M)
Taxes paid in lieu of shares issued for equity-based compensation
-11.1M
-11.8M
-8.1M
-17.9M
Dividends paid
($472.0K)
($633.0K)
($701.0K)
($170.9M)
Proceeds from revolving credit facilities
$0
$0
$75.0M
$215.0M
Repayment of revolving credit facility
($25.0M)
($8.0M)
($95.0M)
($140.0M)
Repayment of NHL advance
($7.5M)
($6.0M)
—
—
Payments for financing costs
($5.1M)
—
$0
$0
Net cash used in financing activities
($49.1M)
($26.4M)
($28.8M)
($185.3M)
Net increase in cash, cash equivalents and restricted cash
$11.3M
$58.3M
$54.4M
($50.6M)
Cash, cash equivalents and restricted cash at beginning of period
$153.2M
$94.9M
$40.5M
$91.0M
Cash, cash equivalents and restricted cash at end of period
$164.5M
$153.2M
$94.9M
$40.5M
Capital expenditures incurred but not yet paid
$0
$26.0K
$40.0K
$256.0K
Madison Square Garden Sports Corp. cash flow statement, quarters
Line item
Mar 31, 2026 · YTD
Dec 31, 2025 · YTD
Sep 30, 2025 · Q1
Mar 31, 2025 · YTD
Net loss
($20.5M)
($555.0K)
($8.8M)
($20.7M)
Depreciation and amortization
$2.4M
$1.6M
$811.0K
$2.4M
Deferred income taxes
$4.1M
($1.8M)
($8.4M)
($10.6M)
Share-based compensation expense
$17.6M
$11.0M
$4.8M
$14.2M
Unrealized (gain) loss on equity investments with readily determinable fair value and warrants
($4.4M)
($16.4M)
($15.5M)
$11.5M
Other non-cash adjustments
$4.5M
$5.4M
$1.6M
$3.7M
Accounts receivable, net
($50.7M)
($64.3M)
($16.8M)
($76.3M)
Net related party receivables
($10.9M)
($16.8M)
($23.1M)
$3.1M
Prepaid expenses and other assets
($34.1M)
($49.1M)
($75.8M)
($15.3M)
Investments
($2.0M)
($2.4M)
($2.2M)
($2.0M)
Accounts payable
($1.4M)
($1.4M)
($4.2M)
($2.9M)
Net related party payables
$81.0K
$189.0K
($497.0K)
($195.0K)
Accrued and other liabilities
$130.1M
($15.6M)
($95.3M)
$87.8M
Deferred revenue
($62.2M)
$84.9M
$166.4M
$16.8M
Operating lease right-of-use assets and lease liabilities
$32.5M
$12.7M
($8.0M)
$30.4M
Net cash provided by operating activities
$5.0M
($52.5M)
($85.0M)
$41.9M
Capital expenditures
($1.4M)
($1.2M)
($371.0K)
($3.2M)
Purchases of investments
($2.3M)
($1.5M)
($1.5M)
($2.1M)
Distribution from equity method investee
$1.6M
—
—
—
Net cash used in investing activities
($2.0M)
($2.7M)
($1.8M)
($5.3M)
Dividends paid
($472.0K)
($472.0K)
($340.0K)
($633.0K)
Taxes paid in lieu of shares issued for equity-based compensation
-11.1M
-11.1M
-8.8M
-11.8M
Payments for financing costs
($5.1M)
($5.1M)
—
—
Repayment of revolving credit facilities
($25.0M)
—
—
($8.0M)
Repayment of NHL advance
($7.5M)
—
—
($6.0M)
Net cash used in financing activities
($49.1M)
($16.6M)
($9.1M)
($26.4M)
Net (decrease) increase in cash, cash equivalents and restricted cash
($46.1M)
($71.9M)
($95.9M)
$10.1M
Cash, cash equivalents and restricted cash at beginning of period
$153.2M
$153.2M
$153.2M
$94.9M
Cash, cash equivalents and restricted cash at end of period