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Madison Square Garden Sports MSGS Net gains (losses) on investments

Net gains (losses) on investments at other companies

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Other financials

Income statement

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Revenue$432.2M+1.9%
Operating income$2.0M-93.9%
Net income-$20.0M-40.5%
EPS (diluted)-$0.83-40.7%

Balance sheet

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Cash & equivalents$107.0M+10.9%
Total debt$1.2B-1.9%
Total equity-$295.5M-4.2%
Total assets$1.5B+0.3%

Cash flow

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Operating cash flow$57.5M+818%
CapEx$143.0K-93.9%
Free cash flow$57.4M+1,369%

Valuation

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Market cap$8.91B+65.5%
Enterprise value$9.97B+52.5%
P/S8.3×+3.2×

Profitability

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Operating margin8.4%
Net margin-2.1%-2.5pp
FCF margin2.8%

Returns & leverage

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Return on equity-6.8%
Debt / equity0.2×
Current ratio0.5×-0.1×

Where this comes from

Reported directly by Madison Square Garden Sports in its filing.

Tagged under the XBRL concept us-gaap:UnrealizedGainLossOnInvestments.

The official record: Madison Square Garden Sports’s 10-Q, filed February 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Madison Square Garden Sports's net gains (losses) on investments?
Madison Square Garden Sports (MSGS) reported net gains (losses) on investments of $853K in Q4 2025.
How has Madison Square Garden Sports's net gains (losses) on investments changed year-over-year?
Madison Square Garden Sports's net gains (losses) on investments increased by 116.3% year-over-year, from -$5.22M to $853K.
What does net gains (losses) on investments mean?
Non-cash changes in the value of the company's investment portfolio.
How do you interpret net gains (losses) on investments?
An increase represents a gain in investment value, while a decrease represents a loss, neither of which impacts immediate operating cash.
How does net gains (losses) on investments compare across companies?
Common for companies with strategic minority stakes or investment portfolios.