Madison Square Garden Sports Corp.

MSGS 10-Q · Q3 2026

MSGS Q3 2026 request

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Income Statement

Income Statement
Metric Q3 2026 Q3 2025 YoY
Revenue 432,199 424,197 +1.9%
Show Product Lines breakouts
Event-related 162,637 176,756 -8.0%
League distributions and other 15,812 10,196 +55.1%
Media rights 140,621 123,544 +13.8%
Sponsorship, signage and suite licenses 113,129 113,701 -0.5%
Show Business Segments breakouts
Single Operating Segment 432,199 424,197 +1.9%
Show Related Party Transactions By Related Party breakouts
Related Party 62,238 67,704 -8.1%
Direct Operating Costs 354,503 316,335 +12.1%
Show Related Party Transactions By Related Party breakouts
Related Party 43,269 47,476 -8.9%
Selling, General & Administrative 73,699 74,697 -1.3%
Show Related Party Transactions By Related Party breakouts
Related Party 22,458 22,439 +0.1%
Depreciation And Amortization 790 823 -4.0%
Show Business Segments breakouts
Single Operating Segment 790 823 -4.0%
Restructuring Charges 1,244
Show Business Segments breakouts
Single Operating Segment 1,244
Operating Income 1,963 32,342 -93.9%
Interest Income 733 1,051 -30.3%
Show Business Segments breakouts
Single Operating Segment 733 1,051 -30.3%
Interest Expense -4,835 -5,020 +3.7%
Show Business Segments breakouts
Single Operating Segment -4,835 -5,020 +3.7%
Other Non-Operating Income (Expense) -11,155 -5,743 -94.2%
Show Business Segments breakouts
Single Operating Segment -11,155 -5,743 -94.2%
Non-Operating Income (Expense) -15,257 -9,712 -57.1%
Income Before Taxes -13,294 22,630 -158.7%
Income Tax Expense (Benefit) -6,689 -36,857 +81.9%
Show Business Segments breakouts
Single Operating Segment -6,689 -36,857 +81.9%
Net Income -19,983 -14,227 -40.5%
Show Equity Components breakouts
Retained Earnings -19,983 -14,227 -40.5%
EPS (Basic) -0.83 -0.59 -40.7%
EPS (Diluted) -0.83 -0.59 -40.7%
Wtd Avg Shares (Basic) 24,167 24,103 +0.3%
Wtd Avg Shares (Diluted) 24,167 24,103 +0.3%
Net Income (Q)
Show Business Segments breakouts
Single Operating Segment -19,983 -14,227 -40.5%
Comprehensive Income -19,983 -14,213 -40.6%
Net Income Loss Available To Common Stockholders Basic -19,983 -14,227 -40.5%
Income Loss From Equity Method Investments (Q)
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
Hard Carry Gaming, Inc. (“HCG”) 936 -26 +3700.0%

Balance Sheet

Balance Sheet
Metric Q3 2026 Q3 2025 YoY
Current Assets
Cash & Cash Equivalents 107,039 96,536 +10.9%
Accounts Receivable (Q)
Show Related Party Transactions By Related Party breakouts
Nonrelated Party 76,563 110,044 -30.4%
Related Party 14,527 29,149 -50.2%
Prepaid Expense Current 43,219
Other Assets Current 54,208 39,761 +36.3%
Total Current Assets 295,556 319,287 -7.4%
Non-Current Assets
Property, Plant & Equipment 27,917 29,407 -5.1%
Operating Lease Right-of-Use Assets 743,533 763,469 -2.6%
Goodwill 226,523 226,523 0.0%
Deferred Tax Assets 30,756
Other Non-Current Assets 21,454 8,743 +145.4%
Total Assets 1,509,347 1,504,498 +0.3%
Other Assets
Indefinite Lived Intangible Assets Excluding Goodwill 103,644 103,644 0.0%
Show Indefinite Lived Intangible Assets By Major Class breakouts
Artistic Related Intangible Assets 1,080 1,080 0.0%
Franchise Rights 102,564 102,564 0.0%
Investments 59,964 53,425 +12.2%
Current Liabilities
Accounts Payable (Q)
Show Related Party Transactions By Related Party breakouts
Nonrelated Party 7,881 6,948 +13.4%
Related Party 4,877 6,530 -25.3%
Short Term Borrowings 16,500 24,000 -31.2%
Show Debt Instrument breakouts
2021 Rangers NHL Advance · Rangers 16,500 24,000 -31.2%
Employee Related Liabilities Current 173,247 138,962 +24.7%
Accrued League Related Charges Current 263,936 170,159 +55.1%
Other Accrued Liabilities Current 12,336 53,652 -77.0%
Operating Lease Liability Current 56,985 51,015 +11.7%
Show Counterparty Name breakouts
MSG Entertainment 50,407 44,437 +13.4%
Deferred Revenue (Current) 102,049 165,923 -38.5%
Total Current Liabilities 637,811 617,189 +3.3%
Non-Current Liabilities
Long-Term Debt 242,000 267,000 -9.4%
Operating Lease Liabilities 852,308 848,534 +0.4%
Show Counterparty Name breakouts
MSG Entertainment 826,060 817,504 +1.0%
Other Employee Related Liabilities Noncurrent 72,100 47,257 +52.6%
Contract With Customer Liability Noncurrent 578 718 -19.5%
Total Liabilities 1,804,797 1,787,947 +0.9%
Stockholders' Equity
Common Stock (Q)
Show Statement Class Of Stock breakouts
Common Class A 204 204 0.0%
Common Class B 45 45 0.0%
Additional Paid In Capital Common Stock 13,211 11,855 +11.4%
Treasury Stock Common Value -149,858 -158,826 +5.6%
Retained Earnings -158,158 -135,816 -16.5%
Accumulated Other Comprehensive Income -894 -911 +1.9%
Total Stockholders' Equity -295,450 -283,449 -4.2%
Show Equity Components breakouts
Accumulated Other Comprehensive Income -894 -911 +1.9%
Additional Paid In Capital 13,211 11,855 +11.4%
Common Stock 249 249 0.0%
Retained Earnings -158,158 -135,816 -16.5%
Treasury Stock Common -149,858 -158,826 +5.6%
Total Liabilities & Equity 1,509,347 1,504,498 +0.3%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q3 2026 YTD Q3 2025 YoY
Operating Activities
Depreciation & Amortization 2,391 2,396 -0.2%
Deferred Income Taxes And Tax Credits 4,063 -10,640 +138.2%
Stock-Based Compensation 17,645 14,159 +24.6%
Unrealized Gain Loss On Investments -4,438 11,471 -138.7%
Other Operating Activities Cash Flow Statement 4,546 3,652 +24.5%
Change in Accounts Receivable -50,708 -76,263 +33.5%
Increase Decrease In Due From Affiliates Current -10,945 3,106 -452.4%
Change in Prepaid & Other Assets -34,144 -15,270 -123.6%
Increase Decrease Of Restricted Investments -1,968 -1,963 -0.3%
Increase Decrease In Accounts Payable Trade -1,440 -2,949 +51.2%
Increase Decrease In Accounts Payable Related Parties 81 -195 +141.5%
Increase Decrease In Accrued Liabilities And Other Operating Liabilities 130,132 87,795 +48.2%
Increase Decrease In Deferred Revenue -62,213 16,816 -470.0%
Increase Decrease In Operating Lease Right Of Use Asset And Operating Lease Liability 32,548 30,427 +7.0%
Net Cash from Operations 5,012 41,884 -88.0%
Investing Activities
Capital Expenditures -1,371 -3,248 +57.8%
Payments To Acquire Investments -2,258 -2,101 -7.5%
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital 1,602
Net Cash from Investing -2,027 -5,349 +62.1%
Financing Activities
Payments Of Dividends -472 -633 +25.4%
Tax Withholding for Share Compensation -11,097 -11,773 +5.7%
Show Award Type breakouts
Restricted Stock Units RSU -11,097 -10,662 -4.1%
Restricted Stock Units RSU · Related Party -36 -24 -50.0%
Payments Of Financing Costs -5,065
Repayments Of Lines Of Credit -25,000 -8,000 -212.5%
Repayments Of Other Short Term Debt -7,500 -6,000 -25.0%
Net Cash from Financing -49,134 -26,406 -86.1%
Supplemental
Unpaid Capital Expenditures 2 22 -90.9%
Income Taxes Paid 15,174 20,958 -27.6%
Other Cash Flow
Net Change in Cash -46,149 10,129 -555.6%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 107,039 105,036 +1.9%

Values in thousands USD. Source: SEC EDGAR 10-Q filing.

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