Atlanta Braves Holdings, Inc Financials
Atlanta Braves Holdings, Inc (BATRK) reported $732.5M in revenue for fiscal year 2025, up 10.5% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Improving core operations are still being outrun by capital spending and interest costs, keeping cash generation structurally constrained.
From FY2023 to FY2025, revenue rose while losses narrowed, yet free cash flow stayed near-$69M because operating cash flow improved only to$25.2M while capital spending reached$93.7M . Interest expense also climbed to$46.4M , so better operations still have to clear both reinvestment and financing demands before the business can fund itself internally.
The sharper balance-sheet change is liquidity compression, not a fresh leverage jump: debt to equity stayed near 1.0x from FY2023 to FY2025, but the current ratio fell from 0.9x to 0.4x as current liabilities expanded faster than current assets. That means more near-term obligations are competing for a smaller liquid cushion.
The EBITDA-to-profit gap remained large in FY2025 because EBITDA of
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Atlanta Braves Holdings, Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Atlanta Braves Holdings, Inc has an operating margin of -1.8%, meaning the company loses $2 on every $100 of revenue. This results in a profitability score of 38/100. This is up from -6.0% the prior year.
Atlanta Braves Holdings, Inc's revenue grew 10.5% year-over-year to $732.5M, a solid pace of expansion. This earns a growth score of 57/100.
Atlanta Braves Holdings, Inc has elevated debt relative to equity (D/E of 0.99), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 7/100, reflecting increased financial risk.
Atlanta Braves Holdings, Inc's current ratio of 0.42 is below the typical benchmark, resulting in a score of 4/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While Atlanta Braves Holdings, Inc generated $25.2M in operating cash flow, capex of $93.7M consumed most of it, leaving -$68.5M in free cash flow. This results in a low score of 16/100, reflecting heavy capital investment rather than weak cash generation.
Atlanta Braves Holdings, Inc posts a -4.4% return on equity (ROE), meaning it loses $4 for every $100 of shareholders' equity. This results in a returns score of 41/100. This is up from -6.0% the prior year.
Atlanta Braves Holdings, Inc scores 1.63, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($3.4B) relative to total liabilities ($1.1B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Atlanta Braves Holdings, Inc passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
Atlanta Braves Holdings, Inc reported a net loss of $23.4M while generating $25.2M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Atlanta Braves Holdings, Inc reported an operating loss of $13.5M against $46.4M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Atlanta Braves Holdings, Inc generated $732.5M in revenue in fiscal year 2025. This represents an increase of 10.5% from the prior year.
Atlanta Braves Holdings, Inc's EBITDA was $62.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 168.1% from the prior year.
Atlanta Braves Holdings, Inc reported -$23.4M in net income in fiscal year 2025. This represents an increase of 25.3% from the prior year.
Atlanta Braves Holdings, Inc earned -$0.37 per diluted share (EPS) in fiscal year 2025. This represents an increase of 26.0% from the prior year.
Cash & Balance Sheet
Atlanta Braves Holdings, Inc recorded an outflow of $68.5M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents an increase of 1.3% from the prior year.
Atlanta Braves Holdings, Inc held $99.9M in cash against $523.3M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Atlanta Braves Holdings, Inc's operating margin was -1.8% in fiscal year 2025, reflecting core business profitability. This is up 4.1 percentage points from the prior year.
Atlanta Braves Holdings, Inc's net profit margin was -3.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.5 percentage points from the prior year.
Atlanta Braves Holdings, Inc's ROE was -4.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.5 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
Atlanta Braves Holdings, Inc invested $93.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 8.9% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
BATRK Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Revenue | $750.0M | $732.5M+10.5% | $662.7M+3.4% | $640.7M+8.9% | $588.6M |
| SG&A Expenses | $145.5M | $128.9M+2.6% | $125.7M+0.6% | $124.9M+18.4% | $105.5M |
| Operating Income | -$70.7M | -$13.5M+65.9% | -$39.7M+14.6% | -$46.4M-51.9% | -$30.6M |
| Interest Expense | $47.2M | $46.4M+19.7% | $38.8M+3.0% | $37.7M+27.4% | $29.6M |
| Income Tax | -$12.0M | -$831K+82.2% | -$4.7M-20.9% | -$3.9M-245.5% | $2.7M |
| Net Income | -$64.2M | -$23.4M+25.3% | -$31.3M+75.0% | -$125.3M-266.7% | -$34.2M |
| EPS (Diluted) | — | -$0.37+26.0% | -$0.50+75.4% | -$2.03-269.1% | -$0.55 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
BATRK Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Total Assets | $1.6B+6.0% | $1.5B+1.3% | $1.5B+0.9% | $1.5B |
| Current Assets | $158.7M-11.4% | $179.1M-17.8% | $218.0M-18.5% | $267.4M |
| Cash & Equivalents | $99.9M-9.3% | $110.1M-12.0% | $125.1M-16.9% | $150.7M |
| Accounts Receivable | $33.5M+21.2% | $27.6M-0.8% | $27.8M+16.1% | $24.0M |
| Goodwill | $175.8M0.0% | $175.8M0.0% | $175.8M0.0% | $175.8M |
| Total Liabilities | $1.1B+9.0% | $987.6M+2.5% | $963.7M-19.1% | $1.2B |
| Current Liabilities | $377.0M+31.5% | $286.7M+22.7% | $233.7M-3.0% | $240.9M |
| Long-Term Debt | $523.3M+2.0% | $512.9M-2.7% | $527.1M+12.8% | $467.2M |
| Total Equity | $526.0M+0.4% | $524.2M-0.8% | $528.6M+76.5% | $299.5M |
| Retained Earnings | -$609.0M-4.0% | -$585.6M-5.6% | -$554.4M-29.2% | -$429.1M |
Not reported in any period shown, so not listed: Inventory.
BATRK Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$64.1M | $25.2M+51.7% | $16.6M+922.8% | $1.6M-97.0% | $53.3M |
| Capital Expenditures | N/A | $93.7M+8.9% | $86.0M+24.6% | $69.0M+290.7% | $17.7M |
| Free Cash Flow | N/A | -$68.5M+1.3% | -$69.4M-2.9% | -$67.4M-288.9% | $35.7M |
| Investing Cash Flow | -$30.8M | -$145.0M-68.0% | -$86.3M-25.0% | -$69.1M-231.4% | $52.6M |
| Financing Cash Flow | $120.2M | $118.8M+166.6% | $44.6M+37.8% | $32.3M+118.2% | -$177.2M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
BATRK Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Operating Margin | -1.8%+4.1pp | -6.0%+1.3pp | -7.2%-2.0pp | -5.2% |
| Net Margin | -3.2%+1.5pp | -4.7%+14.8pp | -19.6%-13.8pp | -5.8% |
| Return on Equity | -4.4%+1.5pp | -6.0%+17.7pp | -23.7%-12.3pp | -11.4% |
| Return on Assets | -1.5%+0.6pp | -2.1%+6.3pp | -8.3%-6.0pp | -2.3% |
| Current Ratio | 0.42-0.2x | 0.62-0.3x | 0.93-0.2x | 1.11 |
| Debt-to-Equity | 0.990.0x | 0.980.0x | 1.00-0.6x | 1.56 |
| FCF Margin | -9.3%+1.1pp | -10.5%+0.1pp | -10.5%-16.6pp | 6.1% |
Not reported in any period shown, so not listed: Gross Margin.
Note: The current ratio is below 1.0 (0.42), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where Atlanta Braves Holdings, Inc Ranks
Frequently Asked Questions
What is Atlanta Braves Holdings, Inc's annual revenue?
Atlanta Braves Holdings, Inc (BATRK) reported $732.5M in total revenue for fiscal year 2025. This represents a 10.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Atlanta Braves Holdings, Inc's revenue growing?
Atlanta Braves Holdings, Inc (BATRK) revenue grew by 10.5% year-over-year, from $662.7M to $732.5M in fiscal year 2025.
Is Atlanta Braves Holdings, Inc profitable?
No, Atlanta Braves Holdings, Inc (BATRK) reported a net income of -$23.4M in fiscal year 2025, with a net profit margin of -3.2%.
What is Atlanta Braves Holdings, Inc's EBITDA?
Atlanta Braves Holdings, Inc (BATRK) had EBITDA of $62.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Atlanta Braves Holdings, Inc have?
As of fiscal year 2025, Atlanta Braves Holdings, Inc (BATRK) had $99.9M in cash and equivalents against $523.3M in long-term debt.
What is Atlanta Braves Holdings, Inc's operating margin?
Atlanta Braves Holdings, Inc (BATRK) had an operating margin of -1.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Atlanta Braves Holdings, Inc's net profit margin?
Atlanta Braves Holdings, Inc (BATRK) had a net profit margin of -3.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Atlanta Braves Holdings, Inc's return on equity (ROE)?
Atlanta Braves Holdings, Inc (BATRK) has a return on equity of -4.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Atlanta Braves Holdings, Inc's free cash flow?
Atlanta Braves Holdings, Inc (BATRK) recorded an outflow of $68.5M in free cash flow during fiscal year 2025. This represents a 1.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Atlanta Braves Holdings, Inc's operating cash flow?
Atlanta Braves Holdings, Inc (BATRK) generated $25.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Atlanta Braves Holdings, Inc's total assets?
Atlanta Braves Holdings, Inc (BATRK) had $1.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Atlanta Braves Holdings, Inc's capital expenditures?
Atlanta Braves Holdings, Inc (BATRK) invested $93.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Atlanta Braves Holdings, Inc's current ratio?
Atlanta Braves Holdings, Inc (BATRK) had a current ratio of 0.42 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Atlanta Braves Holdings, Inc's debt-to-equity ratio?
Atlanta Braves Holdings, Inc (BATRK) had a debt-to-equity ratio of 0.99 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Atlanta Braves Holdings, Inc's return on assets (ROA)?
Atlanta Braves Holdings, Inc (BATRK) had a return on assets of -1.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Atlanta Braves Holdings, Inc's Altman Z-Score?
Atlanta Braves Holdings, Inc (BATRK) has an Altman Z-Score of 1.63, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Atlanta Braves Holdings, Inc's Piotroski F-Score?
Atlanta Braves Holdings, Inc (BATRK) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Atlanta Braves Holdings, Inc's earnings high quality?
Atlanta Braves Holdings, Inc (BATRK) reported a net loss of $23.4M while generating $25.2M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Atlanta Braves Holdings, Inc cover its interest payments?
Atlanta Braves Holdings, Inc (BATRK) reported an operating loss of $13.5M against $46.4M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Atlanta Braves Holdings, Inc?
Atlanta Braves Holdings, Inc (BATRK) scores 27 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.