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Sphere Entertainment SPHR Restructuring Reserve

Restructuring Reserve at other companies

Madison Square Garden Entertainment logo
Madison Square Garden EntertainmentMSGE
$8.38M

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$5.54B+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:RestructuringReserve.

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 itemRestructuring LiabilityRestructuring Liability
Balance as of December 31, 2025$$8,218
Restructuring charges3,414
Payments(5,035)
Balance as of March 31, 2026$$6,597

Item 1. Financial Statements

FAQ

What is Sphere Entertainment's restructuring reserve?
Sphere Entertainment (SPHR) reported restructuring reserve of $6.6M in Q1 2026.
How has Sphere Entertainment's restructuring reserve changed year-over-year?
Sphere Entertainment's restructuring reserve increased by 69.4% year-over-year, from $3.9M to $6.6M.
What is the long-term trend for Sphere Entertainment's restructuring reserve?
Over 3 years (2022 to 2025), Sphere Entertainment's restructuring reserve has grown at a -20.6% compound annual growth rate (CAGR), from $16.39M to $8.22M.
What does restructuring reserve mean?
This represents the estimated liability for costs associated with formal restructuring plans, such as severance, facility closures, or asset impairments. It reflects management's commitment to operational efficiency and strategic realignment. These reserves are drawn down as the restructuring activities are executed.

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