Fubotv Inc. Financials

FUBO

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Fubotv Inc. (FUBO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Financial Health Signals

Financial Profile 0/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Fubotv Inc. has an operating margin of -48.7%, meaning the company retains $-49 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -21.1% the prior year.

Growth

Fubotv Inc.'s revenue declined 70.6% year-over-year, from $1.4B to $402.3M. This contraction results in a growth score of 0/100.

Leverage

Fubotv Inc. has elevated debt relative to equity (D/E of 4.96), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Liquidity

Fubotv Inc.'s current ratio of 0.53 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 1/100, which could limit financial flexibility.

Cash Flow

While Fubotv Inc. generated -$79.5M in operating cash flow, capex of $2.7M consumed most of it, leaving -$82.2M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Weak

2/9

Fubotv Inc. passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Low Quality

0.46x

For every $1 of reported earnings, Fubotv Inc. generates $0.46 in operating cash flow (-$79.5M OCF vs -$172.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-9.4x

Fubotv Inc. earns $-9.4 in operating income for every $1 of interest expense (-$196.0M vs $20.9M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Revenue

$402.3M

YoY-70.6%

5Y CAGR+148.2%

10Y CAGR+86.5%

Fubotv Inc. generated $402.3M in revenue in fiscal year 2025. This represents a decrease of 70.6% from the prior year.

EBITDA

-$157.5M

YoY+37.7%

Fubotv Inc.'s EBITDA was -$157.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 37.7% from the prior year.

Free Cash Flow

-$82.2M

YoY+54.0%

Fubotv Inc. generated -$82.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 54.0% from the prior year.

Net Income

-$172.3M

YoY+40.1%

Fubotv Inc. reported -$172.3M in net income in fiscal year 2025. This represents an increase of 40.1% from the prior year.

EPS (Diluted)

$-0.54

YoY+48.1%

Fubotv Inc. earned $-0.54 per diluted share (EPS) in fiscal year 2025. This represents an increase of 48.1% from the prior year.

Cash & Debt

$161.4M

YoY-34.2%

5Y CAGR+84.1%

10Y CAGR+99.7%

Fubotv Inc. held $161.4M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

339M

YoY+13.3%

5Y CAGR+66.0%

Fubotv Inc. had 339M shares outstanding in fiscal year 2025. This represents an increase of 13.3% from the prior year.

Gross Margin

N/A

Operating Margin

-48.7%

YoY-27.6pp

5Y CAGR+861.7pp

10Y CAGR+247.4pp

Fubotv Inc.'s operating margin was -48.7% in fiscal year 2025, reflecting core business profitability. This is down 27.6 percentage points from the prior year.

Net Margin

-42.8%

YoY-21.8pp

5Y CAGR+761.7pp

10Y CAGR+238.1pp

Fubotv Inc.'s net profit margin was -42.8% in fiscal year 2025, showing the share of revenue converted to profit. This is down 21.8 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$80.0M

YoY+18.2%

Fubotv Inc. invested $80.0M in research and development in fiscal year 2025. This represents an increase of 18.2% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$2.7M

YoY+154.6%

5Y CAGR+73.2%

Fubotv Inc. invested $2.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 154.6% from the prior year.

FUBO Income Statement

Metric	FY25	FY23	FY22	FY21	FY20	FY19
Revenue	$402.3M-70.6%	$1.4B+35.6%	$1.0B+58.0%	$638.4M+193.2%	$217.7M+4998.2%	$4.3M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$80.0M+18.2%	$67.7M-2.3%	$69.3M+25.0%	$55.4M+83.6%	$30.2M	N/A
SG&A Expenses	$75.1M+16.8%	$64.3M-20.8%	$81.2M-8.9%	$89.0M+14.7%	$77.6M+483.6%	$13.3M
Operating Income	-$196.0M+32.3%	-$289.4M+29.7%	-$411.9M-25.5%	-$328.3M+31.6%	-$479.9M-1134.1%	-$38.9M
Interest Expense	$20.9M+52.1%	$13.7M-3.4%	$14.2M	N/A	N/A	N/A
Income Tax	$659K+175.0%	-$879K+47.2%	-$1.7M+37.9%	-$2.7M+72.2%	-$9.7M-83.2%	-$5.3M
Net Income	-$172.3M+40.1%	-$287.5M+48.8%	-$561.5M-46.7%	-$382.8M+32.9%	-$570.3M-1559.9%	-$34.4M
EPS (Diluted)	$-0.54+48.1%	$-1.04+66.2%	$-3.08-10.8%	$-2.78+78.3%	$-12.82	N/A

Metric	Q1'26	Q3'25	Q2'25	Q1'25	Q4'23	Q3'24	Q2'24	Q1'24
Revenue	$1.5B+310.6%	$377.2M-0.7%	$380.0M-8.7%	$416.3M+1.5%	$410.2M+27.8%	$320.9M+2.6%	$312.7M-3.6%	$324.4M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$13.6M-30.1%	$19.5M+1.1%	$19.3M-4.4%	$20.1M+42.2%	$14.2M-19.1%	$17.5M-1.5%	$17.8M-2.5%	$18.2M
SG&A Expenses	$35.3M+32.0%	$26.7M+9.9%	$24.3M-12.5%	$27.8M+52.0%	$18.3M+15.3%	$15.9M+2.6%	$15.5M+5.3%	$14.7M
Operating Income	-$20.3M-1.0%	-$20.1M-235.9%	-$6.0M+76.4%	-$25.4M+64.7%	-$72.1M+13.4%	-$83.3M-58.6%	-$52.5M+35.5%	-$81.5M
Interest Expense	$1.4M-69.6%	$4.7M+0.3%	$4.7M-0.3%	$4.7M+37.3%	$3.5M+0.5%	$3.4M-0.1%	$3.4M+2.0%	$3.4M
Income Tax	$367K+111.5%	-$3.2M-2202.0%	$152K-96.7%	$4.6M+1270.8%	-$397K-60.7%	-$247K-104.1%	-$121K-6.1%	-$114K
Net Income	-$6.0M+68.3%	-$18.9M-134.9%	-$8.0M-104.3%	$188.5M+368.9%	-$70.1M+16.4%	-$83.8M-67.8%	-$49.9M+40.3%	-$83.6M
EPS (Diluted)	$-0.02+66.7%	$-0.06-200.0%	$-0.02-103.6%	$0.55+361.9%	$-0.21+27.6%	$-0.29-70.6%	$-0.17+54.1%	$-0.37

FUBO Balance Sheet

Metric	FY25	FY23	FY22	FY21	FY20	FY19
Total Assets	$1.1B-12.6%	$1.2B-3.5%	$1.3B-6.7%	$1.4B+59.4%	$859.3M+133.4%	$368.2M
Current Assets	$274.0M-29.1%	$386.8M-11.5%	$436.9M+2.0%	$428.5M+173.4%	$156.7M+771.9%	$18.0M
Cash & Equivalents	$161.4M-34.2%	$245.3M-27.2%	$337.1M-9.1%	$371.0M+174.9%	$134.9M+1670.0%	$7.6M
Inventory	N/A	N/A	N/A	N/A	N/A	$49K
Accounts Receivable	$71.1M-11.5%	$80.3M+82.5%	$44.0M+28.3%	$34.3M+96.0%	$17.5M+96.5%	$8.9M
Goodwill	$615.4M-1.2%	$622.8M+0.7%	$618.5M-0.2%	$619.6M+29.5%	$478.4M+110.0%	$227.8M
Total Liabilities	$896.6M-5.5%	$948.8M+8.5%	$874.4M+25.1%	$698.9M+195.6%	$236.4M+63.0%	$145.0M
Current Liabilities	$515.3M-0.4%	$517.3M+17.9%	$438.8M+30.1%	$337.3M+48.4%	$227.3M+237.1%	$67.4M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	$44.0M
Total Equity	$180.8M-36.3%	$283.8M-29.3%	$401.7M-40.1%	$670.9M+7.7%	$622.9M+179.7%	$222.7M
Retained Earnings	-$2.0B-9.3%	-$1.8B-18.4%	-$1.6B-54.4%	-$1.0B-61.1%	-$626.5M-1016.2%	-$56.1M

Metric	Q1'26	Q3'25	Q2'25	Q1'25	Q4'23	Q3'24	Q2'24	Q1'24
Total Assets	$4.1B+241.6%	$1.2B+0.5%	$1.2B-1.9%	$1.2B-1.4%	$1.2B+1.0%	$1.2B-1.6%	$1.2B-4.4%	$1.3B
Current Assets	$982.8M+144.6%	$401.8M+3.9%	$386.6M-6.6%	$414.1M+7.1%	$386.8M+1.5%	$381.1M-4.0%	$397.1M-13.6%	$459.8M
Cash & Equivalents	$452.4M+65.0%	$274.1M-3.3%	$283.6M-11.8%	$321.6M+31.1%	$245.3M-5.6%	$259.9M-11.4%	$293.5M-18.2%	$358.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$71.1M-14.8%	$83.4M+36.0%	$61.3M+6.6%	$57.5M-28.3%	$80.3M+29.3%	$62.1M+27.0%	$48.9M+18.3%	$41.3M
Goodwill	$2.6B+314.3%	$631.1M0.0%	$631.0M+1.7%	$620.4M-0.4%	$622.8M+0.9%	$617.4M-0.6%	$621.1M0.0%	$620.9M
Total Liabilities	$3.8B+372.6%	$808.1M+2.0%	$792.0M-4.2%	$826.5M-12.9%	$948.8M+7.0%	$887.0M+6.9%	$830.1M-3.5%	$860.2M
Current Liabilities	$1.2B+101.1%	$578.7M+3.5%	$559.0M-5.0%	$588.5M+13.7%	$517.3M+14.6%	$451.3M+15.3%	$391.2M-7.7%	$423.8M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$275.5M-29.5%	$390.7M-2.4%	$400.4M+2.9%	$389.0M+37.1%	$283.8M-14.9%	$333.4M-18.7%	$410.1M-6.3%	$437.8M
Retained Earnings	-$6.0M+99.7%	-$1.9B-1.0%	-$1.8B-0.4%	-$1.8B+0.9%	-$1.8B-3.9%	-$1.8B-5.0%	-$1.7B-3.0%	-$1.6B

FUBO Cash Flow Statement

Metric	FY25	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$79.5M+55.3%	-$177.6M+43.9%	-$316.7M-61.6%	-$195.9M-31.5%	-$149.0M-8708.8%	$1.7M
Capital Expenditures	$2.7M+154.6%	$1.1M-5.2%	$1.1M-66.9%	$3.4M+1953.6%	$166K-5.1%	$175K
Free Cash Flow	-$82.2M+54.0%	-$178.7M+43.8%	-$317.8M-59.4%	-$199.3M-33.6%	-$149.2M-9687.7%	$1.6M
Investing Cash Flow	-$15.8M+37.7%	-$25.4M-104.6%	-$12.4M+83.7%	-$76.2M-5128.0%	-$1.5M-196.6%	$1.5M
Financing Cash Flow	$11.5M-89.7%	$111.2M-62.5%	$296.3M-42.1%	$512.0M+83.5%	$279.1M+6311.0%	$4.4M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q3'25	Q2'25	Q1'25	Q4'23	Q3'24	Q2'24	Q1'24
Operating Cash Flow	-$200.3M-2974.1%	-$6.5M+81.2%	-$34.6M-121.4%	$161.4M+7916.1%	-$2.1M+92.1%	-$26.3M+63.1%	-$71.1M+9.1%	-$78.2M
Capital Expenditures	$520K+17233.3%	$3K-99.2%	$366K+5.2%	$348K-50.0%	$696K+544.4%	$108K-34.5%	$165K+61.8%	$102K
Free Cash Flow	-$200.8M-2980.7%	-$6.5M+81.4%	-$35.0M-121.7%	$161.1M+5933.2%	-$2.8M+89.5%	-$26.4M+63.0%	-$71.3M+9.0%	-$78.3M
Investing Cash Flow	$264.3M+9234.3%	-$2.9M+11.7%	-$3.3M+11.5%	-$3.7M+60.1%	-$9.3M-24.3%	-$7.5M-57.1%	-$4.8M-21.3%	-$3.9M
Financing Cash Flow	$394.5M+1972710.0%	-$20K+85.3%	-$136K-105.5%	$2.5M+175.1%	-$3.3M-2430.3%	$142K-98.7%	$10.7M-89.7%	$103.7M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

FUBO Financial Ratios

Metric	FY25	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-48.7%-27.6pp	-21.1%+19.7pp	-40.8%+10.6pp	-51.4%+169.0pp	-220.4%+690.0pp	-910.4%
Net Margin	-42.8%-21.8pp	-21.0%+34.6pp	-55.7%+4.3pp	-60.0%+202.0pp	-261.9%+542.6pp	-804.5%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-16.0%+7.3pp	-23.3%+20.6pp	-43.9%-16.0pp	-28.0%+38.4pp	-66.4%-57.0pp	-9.3%
Current Ratio	0.53-0.2	0.75-0.2	1.00-0.3	1.27+0.6	0.69+0.4	0.27
Debt-to-Equity	4.96+1.6	3.34+1.2	2.18+1.1	1.04+0.7	0.38+0.2	0.20
FCF Margin	-20.4%-7.4pp	-13.1%+18.4pp	-31.5%-0.3pp	-31.2%+37.3pp	-68.5%-104.9pp	36.4%

Metric	Q1'26	Q3'25	Q2'25	Q1'25	Q4'23	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-1.3%+4.0pp	-5.3%-3.8pp	-1.6%+4.5pp	-6.1%+11.5pp	-17.6%+8.4pp	-25.9%-9.2pp	-16.8%+8.3pp	-25.1%
Net Margin	-0.4%+4.6pp	-5.0%-2.9pp	-2.1%-47.4pp	45.3%+62.4pp	-17.1%+9.0pp	-26.1%-10.1pp	-16.0%+9.8pp	-25.8%
Return on Equity	N/A	N/A	N/A	48.4%	N/A	N/A	N/A	N/A
Return on Assets	-0.1%+1.4pp	-1.6%-0.9pp	-0.7%-16.2pp	15.5%+21.2pp	-5.7%+1.2pp	-6.9%-2.8pp	-4.0%+2.4pp	-6.4%
Current Ratio	0.84+0.2	0.690.0	0.69-0.0	0.70-0.0	0.75-0.1	0.84-0.2	1.01-0.1	1.09
Debt-to-Equity	13.86+11.8	2.07+0.1	1.98-0.1	2.12-1.2	3.34+0.7	2.66+0.6	2.02+0.1	1.96
FCF Margin	-13.0%-11.2pp	-1.7%+7.5pp	-9.2%-47.9pp	38.7%+39.4pp	-0.7%+7.5pp	-8.2%+14.6pp	-22.8%+1.4pp	-24.1%

Note: The current ratio is below 1.0 (0.53), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Fubotv Inc.'s annual revenue?

Fubotv Inc. (FUBO) reported $402.3M in total revenue for fiscal year 2025. This represents a -70.6% 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 Fubotv Inc.'s revenue growing?

Fubotv Inc. (FUBO) revenue declined by 70.6% year-over-year, from $1.4B to $402.3M in fiscal year 2025.

Is Fubotv Inc. profitable?

No, Fubotv Inc. (FUBO) reported a net income of -$172.3M in fiscal year 2025, with a net profit margin of -42.8%.

What is Fubotv Inc.'s earnings per share (EPS)?

Fubotv Inc. (FUBO) reported diluted earnings per share of $-0.54 for fiscal year 2025. This represents a 48.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Fubotv Inc.'s EBITDA?

Fubotv Inc. (FUBO) had EBITDA of -$157.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Fubotv Inc.'s operating margin?

Fubotv Inc. (FUBO) had an operating margin of -48.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Fubotv Inc.'s net profit margin?

Fubotv Inc. (FUBO) had a net profit margin of -42.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Fubotv Inc.'s free cash flow?

Fubotv Inc. (FUBO) generated -$82.2M in free cash flow during fiscal year 2025. This represents a 54.0% 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 Fubotv Inc.'s operating cash flow?

Fubotv Inc. (FUBO) generated -$79.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Fubotv Inc.'s total assets?

Fubotv Inc. (FUBO) had $1.1B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Fubotv Inc.'s capital expenditures?

Fubotv Inc. (FUBO) invested $2.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Fubotv Inc. spend on research and development?

Fubotv Inc. (FUBO) invested $80.0M in research and development during fiscal year 2025.

How many shares does Fubotv Inc. have outstanding?

Fubotv Inc. (FUBO) had 339M shares outstanding as of fiscal year 2025.

What is Fubotv Inc.'s current ratio?

Fubotv Inc. (FUBO) had a current ratio of 0.53 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Fubotv Inc.'s debt-to-equity ratio?

Fubotv Inc. (FUBO) had a debt-to-equity ratio of 4.96 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Fubotv Inc.'s return on assets (ROA)?

Fubotv Inc. (FUBO) had a return on assets of -16.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Fubotv Inc.'s cash runway?

Based on fiscal year 2025 data, Fubotv Inc. (FUBO) had $161.4M in cash against an annual operating cash burn of $79.5M. This gives an estimated cash runway of approximately 24 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Fubotv Inc.'s Piotroski F-Score?

Fubotv Inc. (FUBO) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Fubotv Inc.'s earnings high quality?

Fubotv Inc. (FUBO) has an earnings quality ratio of 0.46x, considered low quality (accrual-driven). 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 Fubotv Inc. cover its interest payments?

Fubotv Inc. (FUBO) has an interest coverage ratio of -9.4x, meaning it can struggle to cover its interest obligations. 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 Fubotv Inc.?

Fubotv Inc. (FUBO) scores 0 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.