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Other financials

Income statement

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Revenue$386.4M+37.7%
Operating income$7.2M+109%
Net income$4.5M+105%
EPS (diluted)-$0.04+98.2%

Balance sheet

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Cash & equivalents$630.2M+31.8%
Total debt$938.4M-35.8%
Total equity$2.2B+4.9%
Total assets$4.2B-5.1%

Cash flow

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Operating cash flow$136.2M+2,046%
Free cash flow$131.4M+1,279%

Valuation

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Market cap$5.54B+262%
Enterprise value$5.85B+168%
P/E46.2×
P/S4.2×+2.6×

Profitability

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Operating margin-28.1%-4.3pp
Net margin9%+5.2pp
FCF margin25.2%+15.7pp

Returns & leverage

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Return on equity5.5%+3.2pp
Debt / equity0.4×-0.3×
Current ratio1.2×+0.7×

Where this comes from

Reported directly by Sphere Entertainment in its filing.

Tagged under the XBRL concept us-gaap:PaymentsForProceedsFromProductiveAssets.

The source filing: Sphere Entertainment’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 5:23 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-030740
Line itemThree Months Ended / March 31, 2026Three Months Ended / March 31, 2025
Right-of-use lease assets and operating lease liabilities(511)(547)
Net cash provided by operating activities136,2416,348
INVESTING ACTIVITIES:
Capital expenditures, net(4,889)(17,492)
Other investing activities(116)(78)
Net cash used in investing activities(5,005)(17,570)
FINANCING ACTIVITIES:
Repayment of debt(135,000)

Item 1. Financial Statements

FAQ

What is Sphere Entertainment's capex?
Sphere Entertainment (SPHR) reported capex of $4.89M in Q1 2026.
How has Sphere Entertainment's capex changed year-over-year?
Sphere Entertainment's capex decreased by 72.1% year-over-year, from $17.49M to $4.89M.
What does capex mean?
Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

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