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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%
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:DepreciationDepletionAndAmortization.

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 / SphereThree Months Ended / MSG NetworksThree Months Ended / Total
Operating (loss) income$(24,883)$32,085$7,202
Adjustments:
Share-based compensation expense13,14376713,910
Depreciation and amortization82,2742,09384,367
Restructuring charges2,6737413,414
Impairment and other losses, net7979
Merger, debt work-out, and acquisition related costs, net of insurance recoveries8787
Amortization for capitalized cloud computing arrangement costs917917

Item 1. Financial Statements

FAQ

What is Sphere Entertainment's sphere — D&A?
Sphere Entertainment (SPHR) reported sphere — D&A of $82.27M in Q1 2026.
How has Sphere Entertainment's sphere — D&A changed year-over-year?
Sphere Entertainment's sphere — D&A increased by 0.3% year-over-year, from $82.01M to $82.27M.
What is the long-term trend for Sphere Entertainment's sphere — D&A?
Over 2 years (2021 to 2025), Sphere Entertainment's sphere — D&A has grown at a 494.6% compound annual growth rate (CAGR), from $9.27M to $327.77M.
What does sphere — D&A mean?
Reflects the systematic allocation of the cost of tangible and intangible assets over their useful lives. High levels of this expense typically indicate significant capital investment in infrastructure, such as venues or technology platforms. It is a non-cash charge that highlights the intensity of capital expenditure required to sustain the business.

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