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Sphere Entertainment SPHR Net gains (losses) on investments

Net gains (losses) on investments at other companies

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$83M+10.7%
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Nexstar Media Group, Inc.NXST
$3M-72.7%
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$853K+116%
Fox Corporation logo
Fox CorporationFOXA
-$2M+88.9%

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%
CapEx$4.9M-72.1%
Free cash flow$131.4M+1,279%

Valuation

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Market cap$5.84B+319%
Enterprise value$6.14B+201%
P/E48.7×
P/S4.4×+3.0×

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:EquitySecuritiesFvNiGainLoss.

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
Amortization of deferred production content11,0587,243
Deferred income tax benefit(5,326)(20,641)
Share-based compensation expense13,91021,595
Net unrealized and realized (gain) loss on equity investments with readily determinable fair value and loss in nonconsolidated affiliates1,080(811)
Loss on extinguishment of debt(2,071)
Other non-cash adjustments85747
Change in assets and liabilities:
Accounts receivable, net(9,919)(7,604)

Item 1. Financial Statements

FAQ

What is Sphere Entertainment's net gains (losses) on investments?
Sphere Entertainment (SPHR) reported net gains (losses) on investments of -$1.08M in Q1 2026.
How has Sphere Entertainment's net gains (losses) on investments changed year-over-year?
Sphere Entertainment's net gains (losses) on investments decreased by 233.2% year-over-year, from $811K to -$1.08M.
What does net gains (losses) on investments mean?
Realized and unrealized gains/losses on investments removed from operating cash flow since they're investing-related.

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