What is Sphere Entertainment's sphere — impairments?

Sphere Entertainment (SPHR) reported sphere — impairments of $0 in Q1 2026.

What does sphere — impairments mean?

Reflects the reduction in the carrying value of an asset when its fair value falls below its book value, indicating a loss in expected future economic benefit. High or recurring impairment charges often signal operational challenges or overvaluation of assets within the segment.

Sphere Entertainment SPHR Sphere — Impairments

Other segment segments

MSG Networks

$0—

Similar metrics at other companies

LYBImpairments

$126.75M—

BTSGImpairment Charges

$6.1M+11.9%

AYIImpairment Charges

$4.18M—

FISBanking Solutions — Impairments

$0—

ZGImpairment costs

$500K-66.7%

ROKSoftware & Control — Impairment

$0—

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$5.63B+256%

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:GoodwillImpairmentLoss.

The official record: Sphere Entertainment’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Sphere Entertainment's sphere — impairments?: Sphere Entertainment (SPHR) reported sphere — impairments of $0 in Q1 2026.
What does sphere — impairments mean?: Reflects the reduction in the carrying value of an asset when its fair value falls below its book value, indicating a loss in expected future economic benefit. High or recurring impairment charges often signal operational challenges or overvaluation of assets within the segment.