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Madison Square Garden Sports MSGS Restructuring Charges

Restructuring Charges at other companies

Madison Square Garden Entertainment logo
Madison Square Garden EntertainmentMSGE
$8.62M+10,165%
Sphere Entertainment logo
Sphere EntertainmentSPHR
$3.41M+85.4%

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$9.42B+93.0%
Enterprise value$10.48B+77.0%
P/S8.7×+4.0×

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:RestructuringCharges.

The source filing: Madison Square Garden Sports’s 10-Q, filed May 8, 2026.

Filed
May 8, 2026, 4:18 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-032888
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025Nine Months Ended March 31, 2026Nine Months Ended March 31, 2025
Direct operating expenses (b)354,503316,335674,171600,299
Selling, general and administrative expenses (c)73,69974,697200,553195,184
Depreciation and amortization7908232,3912,396
Restructuring charges1,2441,244
Operating income (loss)1,96332,342(3,282)37,384
Other income (expense):
Interest income7331,0511,8072,605
Interest expense(4,835)(5,020)(16,636)(16,662)

Item 1. Financial Statements

FAQ

What is Madison Square Garden Sports's restructuring charges?
Madison Square Garden Sports (MSGS) reported restructuring charges of $1.24M in Q1 2026.
What does restructuring charges mean?
One-time costs from reorganizing operations, including employee severance, facility closure costs, contract termination fees, and asset relocation expenses.

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