Madison Square Garden Sports Corp.
For the period ended Jun 30, 2025. Filed Aug 12, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Aug 12, 2025
MSGS$384.39-1.1%Stored close · as of Oct 26, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of June 30, 202 and
| MADISON SQUARE GARDEN SPORTS CORP. | ||
|---|---|---|
| CONSOLIDATED BALANCE SHEETS | ||
| (in thousands, except per share data) | ||
| June 30, | ||
| 2025 | 2024 | |
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $144,617 | $89,136 |
| Restricted cash | 8,571 | 5,771 |
| Accounts receivable, net | 25,855 | 33,781 |
| Net related party receivables | 3,582 | 32,255 |
| Prepaid expenses | 43,417 | 30,956 |
| Other current assets | 25,053 | 25,043 |
| Total current assets | 251,095 | 216,942 |
| Property and equipment, net | 28,962 | 28,541 |
| Right-of-use lease assets | 760,456 | 694,566 |
| Indefinite-lived intangible assets | 103,644 | 103,644 |
| Goodwill | 226,523 | 226,523 |
| Investments | 54,720 | 62,543 |
| Deferred tax assets, net | 34,821 | — |
| Other assets | 12,753 | 13,533 |
| Total assets | $1,472,974 | $1,346,292 |
| See accompanying notes to consolidated financial statements. | ||
F - 5
| MADISON SQUARE GARDEN SPORTS CORP. | ||
|---|---|---|
| CONSOLIDATED BALANCE SHEETS (Continued) | ||
| (in thousands, except per share data) | ||
| June 30, | ||
| 2025 | 2024 | |
| LIABILITIES AND EQUITY | ||
| Current Liabilities: | ||
| Accounts payable | $9,336 | $9,900 |
| Net related party payables | 4,807 | 6,718 |
| Debt | 24,000 | 30,000 |
| Accrued liabilities: | ||
| Employee-related costs | 98,924 | 133,930 |
| League-related accruals | 196,567 | 120,876 |
| Other accrued liabilities | 13,093 | 21,613 |
| Operating lease liabilities, current | 52,618 | 50,267 |
| Deferred revenue | 164,178 | 148,678 |
| Total current liabilities | 563,523 | 521,982 |
| Long-term debt | 267,000 | 275,000 |
| Operating lease liabilities, noncurrent | 841,050 | 749,952 |
| Defined benefit obligations | 4,086 | 4,103 |
| Other employee-related costs | 78,092 | 43,493 |
| Deferred tax liabilities, net | — | 16,925 |
| Deferred revenue, noncurrent | 662 | 1,147 |
| Total liabilities | 1,754,413 | 1,612,602 |
| Commitments and contingencies (see Note 12) | ||
| Madison Square Garden Sports Corp. Stockholders’ Equity: | ||
| Class A Common stock, par value $0.01, 120,000 shares authorized; 19,488 and 19,423 shares outstanding as of June 30, 2025 and 2024, respectively | 204 | 204 |
| Class B Common stock, par value $0.01, 30,000 shares authorized; 4,530 shares outstanding as of June 30, 2025 and 2024 | 45 | 45 |
| Preferred stock, par value $0.01, 15,000 shares authorized; none outstanding as of June 30, 2025 and 2024 | — | — |
| Additional paid-in capital | 15,348 | 19,079 |
| Treasury stock, at cost, 960 and 1,025 shares as of June 30, 2025 and 2024, respectively | (158,543) | (169,547) |
| Accumulated deficit | (137,596) | (115,139) |
| Accumulated other comprehensive loss | (897) | (952) |
| Total equity | (281,439) | (266,310) |
| Total liabilities and equity | $1,472,974 | $1,346,292 |
F - 6
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