Genius Sports Limited Financials

GENI

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2023 Currency USD FYE December

Financial Health Signals

Financial Profile 47/100

Based on FY2023 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Genius Sports Limited has an operating margin of -18.0%, meaning the company retains $-18 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 up from -53.6% the prior year.

Growth

Genius Sports Limited's revenue surged 21.1% year-over-year to $413.0M, reflecting rapid business expansion. This strong growth earns a score of 89/100.

Leverage

100

Genius Sports Limited carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Genius Sports Limited's current ratio of 1.34 indicates adequate short-term liquidity, earning a score of 34/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Genius Sports Limited's free cash flow margin of 2.7% results in a low score of 14/100. Capital expenditures of $3.6M absorb a large share of operating cash flow.

Piotroski F-Score Strong

7/9

Genius Sports Limited passes 7 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

-0.17x

For every $1 of reported earnings, Genius Sports Limited generates $-0.17 in operating cash flow ($14.9M OCF vs -$85.5M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-38.0x

Genius Sports Limited earns $-38.0 in operating income for every $1 of interest expense (-$74.2M vs $2.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

This page shows Genius Sports Limited (GENI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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).

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Key Financial Metrics

Revenue

$413.0M

YoY+21.1%

Genius Sports Limited generated $413.0M in revenue in fiscal year 2023. This represents an increase of 21.1% from the prior year.

EBITDA

$3.1M

YoY+102.8%

Genius Sports Limited's EBITDA was $3.1M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 102.8% from the prior year.

Free Cash Flow

$11.3M

YoY+220.0%

Genius Sports Limited generated $11.3M in free cash flow in fiscal year 2023, representing cash available after capex. This represents an increase of 220.0% from the prior year.

Net Income

-$85.5M

YoY+52.9%

Genius Sports Limited reported -$85.5M in net income in fiscal year 2023. This represents an increase of 52.9% from the prior year.

EPS (Diluted)

$-0.38

YoY+55.3%

Genius Sports Limited earned $-0.38 per diluted share (EPS) in fiscal year 2023. This represents an increase of 55.3% from the prior year.

Cash & Debt

$100.3M

YoY-18.2%

Genius Sports Limited held $100.3M in cash against $19K in long-term debt as of fiscal year 2023.

Dividends Per Share

N/A

Shares Outstanding

19M

YoY+0.0%

Genius Sports Limited had 19M shares outstanding in fiscal year 2023. This represents an increase of 0.0% from the prior year.

Gross Margin

16.7%

YoY+15.9pp

Genius Sports Limited's gross margin was 16.7% in fiscal year 2023, indicating the percentage of revenue retained after direct costs. This is up 15.9 percentage points from the prior year.

Operating Margin

-18.0%

YoY+35.7pp

Genius Sports Limited's operating margin was -18.0% in fiscal year 2023, reflecting core business profitability. This is up 35.7 percentage points from the prior year.

Net Margin

-20.7%

YoY+32.5pp

Genius Sports Limited's net profit margin was -20.7% in fiscal year 2023, showing the share of revenue converted to profit. This is up 32.5 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$26.1M

YoY-12.8%

Genius Sports Limited invested $26.1M in research and development in fiscal year 2023. This represents a decrease of 12.8% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$3.6M

YoY-40.2%

Genius Sports Limited invested $3.6M in capex in fiscal year 2023, funding long-term assets and infrastructure. This represents a decrease of 40.2% from the prior year.

GENI Income Statement

Metric	FY23	FY22	FY21	FY20	FY19
Revenue	$413.0M+21.1%	$341.0M+29.8%	$262.7M+75.5%	$149.7M+30.6%	$114.6M
Cost of Revenue	$344.0M+1.7%	$338.2M-29.0%	$476.2M+317.4%	$114.1M+27.7%	$89.3M
Gross Profit	$69.0M+2310.2%	$2.9M+101.3%	-$213.4M-698.3%	$35.7M+40.9%	$25.3M
R&D Expenses	$26.1M-12.8%	$29.9M+12.8%	$26.5M+135.9%	$11.2M-15.4%	$13.3M
SG&A Expenses	$85.2M-30.7%	$122.8M-58.1%	$293.2M+827.1%	$31.6M+7.2%	$29.5M
Operating Income	-$74.2M+59.4%	-$182.9M+68.1%	-$573.3M-2625.0%	-$21.0M+41.9%	-$36.2M
Interest Expense	$2.0M+231.3%	-$1.5M+55.4%	-$3.3M+57.7%	-$7.9M-15.1%	-$6.8M
Income Tax	$5.3M+211.6%	$1.7M+114.6%	-$11.7M-745.4%	$1.8M+133.8%	-$5.4M
Net Income	-$85.5M+52.9%	-$181.6M+69.4%	-$592.8M-1853.2%	-$30.3M+24.5%	-$40.2M
EPS (Diluted)	$-0.38+55.3%	$-0.85+77.6%	$-3.79	$-0.89	$-1.00

Metric	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21	Q4'20	Q4'19	Q4'18
Revenue	N/A	$86.8M	N/A	$71.1M	N/A	N/A	N/A	$30.6M
Cost of Revenue	N/A	$62.2M	N/A	$61.8M	N/A	N/A	N/A	$20.8M
Gross Profit	N/A	$24.7M	N/A	$9.3M	N/A	N/A	N/A	$9.8M
R&D Expenses	N/A	$5.8M	N/A	$7.7M	N/A	N/A	N/A	$6.9M
SG&A Expenses	N/A	$19.6M	N/A	$32.3M	N/A	N/A	N/A	$8.1M
Operating Income	N/A	-$7.8M	N/A	-$39.7M	N/A	N/A	N/A	-$9.4M
Interest Expense	N/A	-$202K	N/A	-$375K	N/A	N/A	N/A	-$1.7M
Income Tax	N/A	$4.0M	N/A	-$61K	N/A	N/A	N/A	-$1.3M
Net Income	N/A	-$10.3M	N/A	-$4.8M	N/A	N/A	N/A	-$9.8M
EPS (Diluted)	N/A	$-0.05	N/A	$-0.02	N/A	N/A	N/A	N/A

GENI Balance Sheet

Metric	FY23	FY22	FY21	FY20	FY19
Total Assets	$775.7M+0.3%	$773.3M-12.8%	$887.1M+126.9%	$391.0M+4.2%	$375.3M
Current Assets	$244.8M+3.5%	$236.5M-27.2%	$324.7M+429.4%	$61.3M+58.3%	$38.7M
Cash & Equivalents	$100.3M-18.2%	$122.7M-44.8%	$222.4M+1787.6%	$11.8M+43.2%	$8.2M
Inventory	$347K+22.6%	$283K-46.6%	$530K+38.0%	$384K+36.7%	$281K
Accounts Receivable	$71.1M+113.0%	$33.4M-31.6%	$48.8M+97.0%	$24.8M+34.8%	$18.4M
Goodwill	$326.0M+5.2%	$309.9M-10.5%	$346.4M+72.7%	$200.6M+4.0%	$193.0M
Total Liabilities	$202.7M+3.1%	$196.5M+8.6%	$180.9M-65.9%	$530.4M+16.2%	$456.7M
Current Liabilities	$182.9M+6.9%	$171.1M+12.0%	$152.8M+79.0%	$85.3M+56.2%	$54.7M
Long-Term Debt	$19K-99.7%	$7.1M+10804.6%	$65K-99.9%	$82.7M+13.1%	$73.2M
Total Equity	$573.0M-0.7%	$576.8M-18.3%	$706.2M+606.5%	-$139.4M-71.4%	-$81.4M
Retained Earnings	-$1.0B-9.1%	-$939.0M-24.0%	-$757.3M-394.2%	-$153.2M-68.4%	-$91.0M

Metric	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21	Q4'20	Q4'19	Q4'18
Total Assets	$775.7M+0.9%	$768.8M-0.6%	$773.3M	N/A	$887.1M+126.9%	$391.0M+4.2%	$375.3M	N/A
Current Assets	$244.8M+10.2%	$222.2M-6.0%	$236.5M	N/A	$324.7M+429.4%	$61.3M+58.3%	$38.7M	N/A
Cash & Equivalents	$100.3M+11.7%	$89.8M-26.8%	$122.7M-29.9%	$175.0M-21.3%	$222.4M+1787.6%	$11.8M+43.2%	$8.2M-65.5%	$23.8M
Inventory	$347K-19.1%	$429K+51.6%	$283K	N/A	$530K+38.0%	$384K+36.7%	$281K	N/A
Accounts Receivable	$71.1M+15.0%	$61.8M+85.3%	$33.4M	N/A	$48.8M+97.0%	$24.8M+34.8%	$18.4M	N/A
Goodwill	$326.0M+0.5%	$324.5M+4.7%	$309.9M	N/A	$346.4M+72.7%	$200.6M+4.0%	$193.0M+5.5%	$183.0M
Total Liabilities	$202.7M+21.0%	$167.5M-14.7%	$196.5M	N/A	$180.9M-65.9%	$530.4M+16.2%	$456.7M	N/A
Current Liabilities	$182.9M+22.9%	$148.8M-13.1%	$171.1M	N/A	$152.8M+79.0%	$85.3M+56.2%	$54.7M	N/A
Long-Term Debt	$19K-34.5%	$29K-99.6%	$7.1M	N/A	$65K-99.9%	$82.7M+13.1%	$73.2M	N/A
Total Equity	$573.0M-4.7%	$601.3M+4.2%	$576.8M-9.4%	$636.8M-9.8%	$706.2M+606.5%	-$139.4M-71.4%	-$81.4M-249.7%	-$23.3M
Retained Earnings	-$1.0B-5.1%	-$974.4M-3.8%	-$939.0M	N/A	-$757.3M-394.2%	-$153.2M-68.4%	-$91.0M	N/A

GENI Cash Flow Statement

Metric	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$14.9M+530.6%	-$3.5M+94.5%	-$63.3M-470.8%	$17.1M+585.1%	$2.5M
Capital Expenditures	$3.6M-40.2%	$6.0M-7.0%	$6.4M+338.3%	$1.5M-54.5%	$3.2M
Free Cash Flow	$11.3M+220.0%	-$9.4M+86.5%	-$69.7M-546.7%	$15.6M+2253.0%	-$725K
Investing Cash Flow	-$47.6M+13.2%	-$54.8M+58.6%	-$132.3M-484.0%	-$22.7M+8.0%	-$24.6M
Financing Cash Flow	-$596K-2738.1%	-$21K-100.0%	$410.4M+3964.6%	$10.1M+45.7%	$6.9M
Dividends Paid	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A

Metric	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21	Q4'20	Q4'19	Q4'18
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$193K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$883K
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$1.1M
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$5.9M
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$211K
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

GENI Financial Ratios

Metric	FY23	FY22	FY21	FY20	FY19
Gross Margin	16.7%+15.9pp	0.8%+82.1pp	-81.2%-105.1pp	23.8%+1.7pp	22.1%
Operating Margin	-18.0%+35.7pp	-53.6%+164.6pp	-218.2%-204.2pp	-14.1%+17.5pp	-31.6%
Net Margin	-20.7%+32.5pp	-53.3%+172.3pp	-225.6%-205.3pp	-20.3%+14.8pp	-35.1%
Return on Equity	N/A	N/A	N/A	N/A	N/A
Return on Assets	-11.0%+12.5pp	-23.5%+43.3pp	-66.8%-59.1pp	-7.8%+2.9pp	-10.7%
Current Ratio	1.34-0.0	1.38-0.7	2.12+1.4	0.720.0	0.71
Debt-to-Equity	0.00-0.0	0.01+0.0	0.00+0.6	-0.59+0.3	-0.90
FCF Margin	2.7%+5.5pp	-2.8%+23.8pp	-26.5%-37.0pp	10.4%+11.1pp	-0.6%

Metric	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21	Q4'20	Q4'19	Q4'18
Gross Margin	N/A	28.4%	N/A	13.1%	N/A	N/A	N/A	32.0%
Operating Margin	N/A	-9.0%	N/A	-55.8%	N/A	N/A	N/A	-30.9%
Net Margin	N/A	-11.9%	N/A	-6.7%	N/A	N/A	N/A	-31.9%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	-1.3%	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	1.34-0.2	1.49+0.1	1.38	N/A	2.12+1.4	0.720.0	0.71	N/A
Debt-to-Equity	0.000.0	0.00-0.0	0.01	N/A	0.00+0.6	-0.59+0.3	-0.90	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-3.5%

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Frequently Asked Questions

What is Genius Sports Limited's annual revenue?

Genius Sports Limited (GENI) reported $413.0M in total revenue for fiscal year 2023. This represents a 21.1% 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 Genius Sports Limited's revenue growing?

Genius Sports Limited (GENI) revenue grew by 21.1% year-over-year, from $341.0M to $413.0M in fiscal year 2023.

Is Genius Sports Limited profitable?

No, Genius Sports Limited (GENI) reported a net income of -$85.5M in fiscal year 2023, with a net profit margin of -20.7%.

What is Genius Sports Limited's earnings per share (EPS)?

Genius Sports Limited (GENI) reported diluted earnings per share of $-0.38 for fiscal year 2023. This represents a 55.3% 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 Genius Sports Limited's EBITDA?

Genius Sports Limited (GENI) had EBITDA of $3.1M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Genius Sports Limited have?

As of fiscal year 2023, Genius Sports Limited (GENI) had $100.3M in cash and equivalents against $19K in long-term debt.

What is Genius Sports Limited's gross margin?

Genius Sports Limited (GENI) had a gross margin of 16.7% in fiscal year 2023, indicating the percentage of revenue retained after direct costs of goods sold.

What is Genius Sports Limited's operating margin?

Genius Sports Limited (GENI) had an operating margin of -18.0% in fiscal year 2023, reflecting the profitability of core business operations before interest and taxes.

What is Genius Sports Limited's net profit margin?

Genius Sports Limited (GENI) had a net profit margin of -20.7% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.

What is Genius Sports Limited's free cash flow?

Genius Sports Limited (GENI) generated $11.3M in free cash flow during fiscal year 2023. This represents a 220.0% 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 Genius Sports Limited's operating cash flow?

Genius Sports Limited (GENI) generated $14.9M in operating cash flow during fiscal year 2023, representing cash generated from core business activities.

What are Genius Sports Limited's total assets?

Genius Sports Limited (GENI) had $775.7M in total assets as of fiscal year 2023, including both current and long-term assets.

What are Genius Sports Limited's capital expenditures?

Genius Sports Limited (GENI) invested $3.6M in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.

How much does Genius Sports Limited spend on research and development?

Genius Sports Limited (GENI) invested $26.1M in research and development during fiscal year 2023.

How many shares does Genius Sports Limited have outstanding?

Genius Sports Limited (GENI) had 19M shares outstanding as of fiscal year 2023.

What is Genius Sports Limited's current ratio?

Genius Sports Limited (GENI) had a current ratio of 1.34 as of fiscal year 2023, which is considered adequate.

What is Genius Sports Limited's debt-to-equity ratio?

Genius Sports Limited (GENI) had a debt-to-equity ratio of 0.00 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Genius Sports Limited's return on assets (ROA)?

Genius Sports Limited (GENI) had a return on assets of -11.0% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.

What is Genius Sports Limited's Piotroski F-Score?

Genius Sports Limited (GENI) has a Piotroski F-Score of 7 out of 9, indicating strong 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 Genius Sports Limited's earnings high quality?

Genius Sports Limited (GENI) has an earnings quality ratio of -0.17x, considered mixed quality. 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 Genius Sports Limited cover its interest payments?

Genius Sports Limited (GENI) has an interest coverage ratio of -38.0x, 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 Genius Sports Limited?

Genius Sports Limited (GENI) scores 47 out of 100 on our Financial Profile, indicating moderate 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.