Event-Driven Stocks

Sphere Entertainment Co.

SPHRNYSE

Consumer Discretionary · Services-Amusement & Recreation Services · NV · SEC filings ↗ · Compare ⊕

View price & chart on Yahoo Finance ↗
Signs● 4 good● 1 warning● 1 severedetails ↓

Financials

SEC XBRL · annual
 FY25FY24FY23FY22FY21FY20
Revenue$1.22B$1.02B$571.2M$608.2M$789.9M$1.44B
Operating income−$229.6M−$40.4M−$101.9M−$51.1M−$52.4M$235.2M
Net income$33.4M−$47.2M−$56.8M−$194.4M−$148.2M$181.7M
Total assets$4.21B$4.79B$4.97B$5.52B$5.29B$3.72B
Total liabilities$1.98B$2.37B$2.39B$3.36B$2.97B$844.8M
Equity$2.23B$2.42B$2.58B$1.96B$2.17B$2.84B
EPS (diluted)$0.74$-5.68$14.40$-5.77$-4.59$5.20
Shares out.45.3M35.3M34.9M34.3M34.3M34.9M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2025
Operating margin
−18.8%
Net margin
2.7%
Return on equity
1.5%
Return on assets
0.8%
Return on capital (ROCE)
−6.6%
Liabilities / assets
47.0%
Debt / equity
0.89×
Book value / share
$49.30
Revenue growth (YoY)
19.0%
Net income growth (YoY)
—

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2025
Altman Z″ (distress)
0.78distress
Accruals / assets
−5.0%clean
Piotroski F-Score
7/9strong

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
80
/ 100
Profitability 60Growth 100Catalyst 67Earnings quality 100Financial strength 75

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

● 1 severe● 1 warning● 4 good
  • Altman Z″ in the distress zone
  • Operating losses (negative operating margin)
  • Revenue is growing year-over-year
  • Conservative leverage (liabilities < 50% of assets)
  • Positive operating cash flow
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

5%+ owners

SEC Schedule 13D / 13G · last 3 yrs

Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.

Short interest

FINRA · bi-monthly
SettlementShares shortDays to coverΔ vs prior
May 15, 20267.4M8.4+5.4%
Apr 30, 20267.0M12.0-9.3%
Apr 15, 20267.7M11.3+3.1%
Mar 31, 20267.5M6.5+6.3%
Mar 13, 20267.0M7.5-2.4%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Corporate family

Spin-offs from Sphere Entertainment Co. (1)

From the spin-off filings we track. Follow a company to walk its own history.

Event-driven situations (3)