Madison Square Garden Entertainment (MSGE) financial statements
Madison Square Garden Entertainment reported revenue of $1.1B in fiscal 2026, up 66.9% a year over 5 years.
Net income was $66M and the operating margin 13.3%, against -290.0% in 2021.
The diluted share count fell 7% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Madison Square Garden Entertainment's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Revenue | $82M | $582M | $780M | $959M | $943M | $1.1B |
| Selling, general and admin | $137M | $167M | $180M | $207M | $215M | $253M |
| Operating income | -$237M | -$6M | $105M | $112M | $122M | $142M |
| Interest expense | $34M | $53M | $52M | $58M | $51M | $40M |
| Pre-tax income | — | — | — | $52M | $66M | $107M |
| Income tax | $5M | -$70,000 | $2M | -$92M | $28M | $41M |
| Net income | -$219M | -$133M | $77M | $144M | $37M | $66M |
| EPS (diluted) | -$4.22 | -$2.58 | $1.47 | $2.97 | $0.77 | $1.38 |
| Diluted shares | 52M | 52M | 52M | 49M | 48M | 48M |
| Operating margin | -290.0% | -1.0% | 13.5% | 11.7% | 13.0% | 13.3% |
| Net margin | -267.2% | -22.9% | 9.8% | 15.0% | 4.0% | 6.2% |
Balance sheet
Fiscal years, from Madison Square Garden Entertainment's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Cash and short-term investments | $318M | $58M | $76M | $33M | $43M | $294M |
| Receivables | — | $103M | $64M | $77M | $67M | $88M |
| Inventory | — | $3M | $3M | $4M | $4M | $4M |
| Total current assets | — | $341M | $295M | $219M | $237M | $522M |
| Property, plant and equipment | — | $696M | $629M | $634M | $621M | $592M |
| Goodwill | — | $69M | $69M | $69M | $69M | $69M |
| Total assets | — | $1.5B | $1.4B | $1.6B | $1.7B | $1.9B |
| Total current liabilities | — | $545M | $541M | $506M | $502M | $748M |
| Long-term debt | — | $655M | $630M | $599M | $569M | $540M |
| Total liabilities | — | $1.5B | $1.5B | $1.6B | $1.7B | $1.9B |
| Shareholders' equity | $499M | -$1M | -$69M | -$23M | -$13M | $46M |
| Net debt | -$318M | $606M | $570M | $582M | $556M | $277M |
Cash flow
Fiscal years, from Madison Square Garden Entertainment's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$148M | $95M | $136M | $111M | $115M | $351M |
| Stock-based compensation | $41M | $39M | $32M | $31M | $28M | $32M |
| Share buybacks (net) | $0 | $0 | -$25M | -$51M | -$40M | -$25M |
| Net borrowing | $630M | $650M | $304,000 | $0 | $609M | $0 |
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What was Madison Square Garden Entertainment's revenue in 2026?
$1.1B in fiscal 2026, from its 10-K filing.
From Madison Square Garden Entertainment's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.