Madison Square Garden Sports Corp.
Business
Madison Square Garden Sports Corp. owns and operates professional sports franchises, principally the New York Knicks (NBA) and New York Rangers (NHL), both playing at Madison Square Garden Arena in New York. The company also operates the Hartford Wolf Pack (AHL) and Westchester Knicks (NBA G League) as development affiliates, and owns the Madison Square Garden Training Center. Revenue derives from ticket sales, media rights (local and national league-share), suite and sponsorship licensing agreements with MSG Entertainment, merchandise, and food and beverage sales.
Summary from 10-K filed 2025-08-12
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Revenues | 1,039 | 1,027 | 887 | 821 | 416 | |
| Direct operating expenses | 755 | 617 | 549 | 501 | 282 | |
| Selling, general and administrative expenses | 266 | 261 | 250 | 230 | 207 | |
| Depreciation and amortization | 3 | 3 | 4 | 5 | 6 | |
| Operating income | 15 | 146 | 85 | 86 | −78 | |
| Interest income | 4 | 3 | 2 | 313,000 | 32,000 | |
| Interest expense | −22 | −28 | −23 | −12 | — | |
| Miscellaneous (expense) income, net | −14 | −16 | 25 | −726,000 | −346,000 | |
| Other income (expense) | −32 | −40 | 5 | −12 | −11 | |
| (Loss) income before income taxes | −17 | 106 | 90 | 74 | −89 | |
| Income tax expense | −5 | −47 | −44 | −25 | 73 | |
| Net (loss) income | −22 | 59 | 46 | 49 | −16 | |
| Less: Net loss attributable to nonredeemable noncontrolling interests | 0 | 0 | −2 | −2 | −2 | |
| Net (loss) income attributable to Madison Square Garden Sports Corp.s stockholders | −22 | 59 | 48 | 51 | −14 | |
| Basic (loss) earnings per common share attributable to Madison Square Garden Sports Corp.s stockholders (USD per share) | −0.93 | 2.45 | 1.9 | 2.11 | −0.58 | |
| Diluted (loss) earnings per common share attributable to Madison Square Garden Sports Corp.s stockholders (USD per share) | −0.93 | 2.44 | 1.89 | 2.1 | −0.58 | |
| Basic (in shares) | 24 | 24 | 24 | 24 | 24 | |
| Diluted (in shares) | 24 | 24 | 24 | 24 | 24 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 145 | 89 | 40 | 91 | 65 | |
| Restricted cash | 9 | 6 | 61,000 | 0 | 7 | |
| Prepaid expenses | 43 | 31 | 25 | 19 | 17 | |
| Other current assets | 25 | 25 | 28 | 20 | 16 | |
| Total current assets | 251 | 217 | 149 | 205 | 185 | |
| Property and equipment, net | 29 | 29 | 31 | 33 | 36 | |
| Right-of-use lease assets | 760 | 695 | 715 | 687 | 704 | |
| Indefinite-lived intangible assets | 104 | 104 | 104 | 112 | 112 | |
| Goodwill | 227 | 227 | 227 | 227 | 227 | |
| Investments | 55 | 63 | 67 | 5 | — | |
| Deferred tax assets, net | 35 | 0 | — | 0 | 16 | |
| Other assets | 13 | 14 | 22 | 33 | 29 | |
| Total assets | 1,473 | 1,346 | 1,315 | 1,302 | 1,310 | |
| Debt | 24 | 30 | 30 | 30 | 30 | |
| Employee-related costs | 99 | 134 | 144 | 119 | 90 | |
| League-related accruals | 197 | 121 | 107 | 75 | 39 | |
| Other accrued liabilities | 13 | 22 | 18 | 7 | 16 | |
| Operating lease liabilities, current | 53 | 50 | 50 | 44 | 42 | |
| Deferred revenue | 164 | 149 | 157 | 132 | 131 | |
| Total current liabilities | 564 | 522 | 521 | 438 | 368 | |
| Long-term debt | 267 | 275 | 295 | 220 | 355 | |
| Operating lease liabilities, noncurrent | 841 | 750 | 746 | 700 | 691 | |
| Defined benefit obligations | 4 | 4 | 5 | 5 | 6 | |
| Other employee-related costs | 78 | 43 | 49 | 43 | 58 | |
| Deferred tax liabilities, net | 0 | 17 | 24 | 9 | 0 | |
| Deferred revenue, noncurrent | 662,000 | 1 | 13 | 31 | 32 | |
| Total liabilities | 1,754 | 1,613 | 1,652 | 1,447 | 1,512 | |
| Commitments and contingencies (see Note 12) | — | — | — | — | — | |
| Preferred stock, par value $0.01, 15,000 shares authorized; none outstanding as of June 30, 2025 and 2024 | 0 | 0 | — | — | — | |
| Additional paid-in capital | 15 | 19 | 17 | 18 | 23 | |
| Treasury stock, at cost, 960 and 1,025 shares as of June 30, 2025 and 2024, respectively | −159 | −170 | −179 | −128 | — | |
| Accumulated deficit | −138 | −115 | −174 | −36 | −79 | |
| Accumulated other comprehensive loss | −897,000 | −952,000 | −1 | −1 | −2 | |
| Total equity | −281 | −266 | −337 | −147 | −204 | |
| Total liabilities and equity | 1,473 | 1,346 | 1,315 | 1,302 | 1,310 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 3 | 3 | 4 | 5 | 6 | |
| Share-based compensation expense | 18 | 21 | 25 | 24 | 30 | |
| (Benefit from) provision for deferred income taxes | −52 | −7 | 15 | 24 | −74 | |
| Unrealized loss (gain) on equity investments with readily determinable fair value and warrants | 12 | 11 | −27 | 461,000 | 0 | |
| Other non-cash adjustments | 6 | 7 | 3 | 2 | 1 | |
| Accounts receivable, net | 8 | 6 | 6 | 27 | −67 | |
| Net related party receivables | 29 | −16 | 12 | −21 | −6 | |
| Prepaid expenses and other assets | −13 | 4 | −6 | −9 | −22 | |
| Investments | −3 | −3 | −11 | −3 | 0 | |
| Accounts payable | −574,000 | 803,000 | −2 | 9 | −75,000 | |
| Net related party payables | −2 | 1 | −14 | 3 | −863,000 | |
| Accrued and other liabilities | 66 | −398,000 | 69 | 40 | 49 | |
| Deferred revenue | 15 | −20 | 8 | 772,000 | 35 | |
| Operating lease right-of-use assets and lease liabilities | 28 | 25 | 24 | 27 | 29 | |
| Net cash provided by operating activities | 92 | 92 | 152 | 178 | −35 | |
| Capital expenditures | −4 | −1 | −1 | −932,000 | −466,000 | |
| Cash outflow associated with disposal of subsidiary | 0 | 0 | −3 | 0 | — | |
| Purchases of investments | −3 | −7 | −14 | −2 | 0 | |
| Other investing activities | 100,000 | 0 | 0 | −2 | 0 | |
| Net cash used in investing activities | −7 | −9 | −18 | −3 | −466,000 | |
| Accelerated share repurchase | 0 | 0 | −75 | 0 | — | |
| Taxes paid in lieu of shares issued for equity-based compensation | −12 | −8 | −18 | −18 | −14 | |
| Dividends paid | −633,000 | −701,000 | −171 | 0 | 0 | |
| Proceeds from revolving credit facilities | 0 | 75 | 215 | 0 | 30 | |
| Repayment of revolving credit facility | −8 | −95 | −140 | −135 | −25 | |
| Repayment of NHL advance | −6 | 0 | 0 | — | — | |
| Other financing activities | 0 | 0 | 4 | 0 | 608,000 | |
| Net cash used in financing activities | −26 | −29 | −185 | −156 | 17 | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 58 | 54 | −51 | 19 | −19 | |
| Capital expenditures incurred but not yet paid | 26,000 | 40,000 | 256,000 | 128,000 | 165,000 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Madison Square Garden Sports Corp.'s CIK number?
Madison Square Garden Sports Corp.'s SEC CIK number is 0001636519 (1636519). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Madison Square Garden Sports Corp.'s SEC filings?
All of Madison Square Garden Sports Corp.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Madison Square Garden Sports Corp. last report earnings?
Madison Square Garden Sports Corp. (MSGS) most recently filed an earnings 8-K with the SEC on May 8, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-032551). This is Madison Square Garden Sports Corp.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Madison Square Garden Sports Corp.'s most recent earnings 8-K?
Madison Square Garden Sports Corp.'s latest earnings 8-K (Item 2.02) was filed May 8, 2026 under accession 0001628280-26-032551. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Madison Square Garden Sports Corp.'s latest earnings 8-K →
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