Sphere Entertainment Co. (SPHR) Financial Statements
Industry: Amusement & Recreation Services (Services)
In fiscal 2025, Sphere Entertainment reported revenue of $1.22B, up 18.8% from $1.03B the year before. Net income was $33.4M (a 2.7% net margin), or $0.74 per diluted share. Gross margin was 100.0% and operating margin was -18.8%. Operating activities generated $243.3M of cash. At fiscal year end, Sphere Entertainment held $4.21B in total assets against $1.98B in total liabilities.
Open the full interactive Sphere Entertainment financials → Quarterly statements, key ratios, valuation history and price charts.
Sphere Entertainment Key Stats
| Share Price | $102.46 |
|---|---|
| Market Cap | $3.70B |
| P/E Ratio | 138.5 |
| Revenue YoY Growth | +18.8% |
| 52-Week Range | $58.70 – $176.38 |
| Shares Outstanding | 36.1 million (basic, 2026 Q2) |
Sphere Entertainment Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $762.9M | $180.4M | $1.72B | $573.8M | $1.03B | $1.22B |
| Cost of Goods Sold | — | — | — | — | — | $0 |
| Gross Profit | — | — | — | — | — | $1.22B |
| Operating Income | -$59.8M | -$450.2M | -$102.7M | -$70.3M | -$71.4M | -$229.6M |
| Pre-Tax Income | -$9.6M | -$439.8M | -$215.9M | $606.2M | -$336.2M | $57.2M |
| Income Tax | $5.0M | -$9.4M | -$25.8M | $103.4M | -$135.6M | $23.8M |
| Net Income | $17.2M | -$412.1M | -$194.4M | $502.8M | -$200.6M | $33.4M |
| Diluted EPS | $0.72 | -$17.39 | -$5.77 | $14.40 | -$5.68 | $0.74 |
Sphere Entertainment Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $262.5M | $394.3M | $386.4M | $313.6M |
| Net Income | -$101.2M | $64.7M | $4.5M | -$38.3M |
| Diluted EPS | -$2.80 | $1.43 | -$0.04 | -$1.07 |
Sphere Entertainment Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $906.6M | $1.17B | $828.5M | $132.0M | — | — |
| Current Assets | $1.43B | $1.41B | $1.22B | $623.9M | $865.7M | $810.2M |
| Total Assets | $3.72B | $4.27B | $5.52B | $4.97B | $4.79B | $4.21B |
| Current Liabilities | $510.0M | $653.1M | $956.4M | $692.1M | $1.37B | $743.4M |
| Total Long-Term Debt | $33.6M | $660.8M | $1.74B | $1.20B | $1.37B | $830.4M |
| Total Liabilities | $844.8M | $1.67B | $3.36B | $2.39B | $2.37B | $1.98B |
| Shareholders' Equity | $2.84B | $2.45B | $1.96B | $2.58B | $2.42B | $2.23B |
Sphere Entertainment Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $96.0M | -$289.5M | $141.3M | $153.6M | -$19.7M | $243.3M |
| Cash From Investing | -$389.7M | -$84.4M | -$804.2M | -$653.9M | -$45.2M | -$3.9M |
| Cash From Financing | $122.9M | $633.3M | -$30.4M | $85.5M | $209.7M | -$233.3M |
| Free Cash Flow | -$356.4M | -$741.6M | -$615.4M | — | — | — |
Figures from Sphere Entertainment's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Sphere Entertainment financials page for every line item.
Sphere Entertainment Company Profile
| Ticker | SPHR |
|---|---|
| Exchange | NYSE |
| Industry | Amusement & Recreation Services (Services) |
| Headquarters | New York, New York |
| Incorporated in | Nevada |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001795250 |
Frequently Asked Questions
What was Sphere Entertainment's revenue in fiscal 2025?
Sphere Entertainment (SPHR) reported revenue of $1.22B for fiscal 2025.
What is Sphere Entertainment's annual revenue history?
Sphere Entertainment's annual revenue by fiscal year: 2020: $762.9M; 2021: $180.4M; 2022: $1.72B; 2023: $573.8M; 2024: $1.03B; 2025: $1.22B.
What was Sphere Entertainment's net income in fiscal 2025?
Sphere Entertainment reported net income of $33.4M for fiscal 2025.
What was Sphere Entertainment's earnings per share (EPS) in fiscal 2025?
Sphere Entertainment's diluted EPS was $0.74 for fiscal 2025 (adjusted for any later stock splits).
What was Sphere Entertainment's revenue last quarter?
In its most recent reported quarter (2026 Q2), Sphere Entertainment reported revenue of $313.6M.
How much debt does Sphere Entertainment have?
Sphere Entertainment reported $830.4M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Sphere Entertainment are outstanding?
Sphere Entertainment reported a weighted average of 36.1 million basic shares outstanding in 2026 Q2.
What is Sphere Entertainment's market cap?
Based on its latest closing price, Sphere Entertainment (SPHR) has a market capitalization of about $3.70B.
When does Sphere Entertainment's fiscal year end?
Sphere Entertainment's fiscal year end, as registered with the SEC, is December 31.
Where is Sphere Entertainment headquartered?
Sphere Entertainment lists its business address in New York, New York in its SEC filings.
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