SIGNING DAY SPORTS INC Financials

SGN

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows SIGNING DAY SPORTS INC (SGN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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 25/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

SIGNING DAY SPORTS INC has an operating margin of -1217.4%, meaning the company retains $-1217 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 -1543.7% the prior year.

Growth

100

SIGNING DAY SPORTS INC's revenue surged 100.1% year-over-year to $616K, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Liquidity

SIGNING DAY SPORTS INC's current ratio of 0.09 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.

Cash Flow

While SIGNING DAY SPORTS INC generated -$3.1M in operating cash flow, capex of $16K consumed most of it, leaving -$3.1M 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

3/9

SIGNING DAY SPORTS INC passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

0.35x

For every $1 of reported earnings, SIGNING DAY SPORTS INC generates $0.35 in operating cash flow (-$3.1M OCF vs -$8.7M 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

-50.6x

SIGNING DAY SPORTS INC earns $-50.6 in operating income for every $1 of interest expense (-$7.5M vs $148K). 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

$616K

YoY+100.1%

SIGNING DAY SPORTS INC generated $616K in revenue in fiscal year 2024. This represents an increase of 100.1% from the prior year.

EBITDA

-$7.3M

YoY-59.1%

SIGNING DAY SPORTS INC's EBITDA was -$7.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 59.1% from the prior year.

Free Cash Flow

-$3.1M

YoY+36.5%

SIGNING DAY SPORTS INC generated -$3.1M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 36.5% from the prior year.

Net Income

-$8.7M

YoY-59.3%

SIGNING DAY SPORTS INC reported -$8.7M in net income in fiscal year 2024. This represents a decrease of 59.3% from the prior year.

EPS (Diluted)

$-19.86

SIGNING DAY SPORTS INC earned $-19.86 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 0.1% from the prior year.

Cash & Debt

$181K

YoY-83.9%

SIGNING DAY SPORTS INC held $181K in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

909,232

SIGNING DAY SPORTS INC had 909,232 shares outstanding in fiscal year 2024. This represents a decrease of 93.1% from the prior year.

Gross Margin

67.4%

YoY-19.5pp

SIGNING DAY SPORTS INC's gross margin was 67.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 19.5 percentage points from the prior year.

Operating Margin

-1217.4%

YoY+326.3pp

SIGNING DAY SPORTS INC's operating margin was -1217.4% in fiscal year 2024, reflecting core business profitability. This is up 326.3 percentage points from the prior year.

Net Margin

-1417.6%

YoY+363.5pp

SIGNING DAY SPORTS INC's net profit margin was -1417.6% in fiscal year 2024, showing the share of revenue converted to profit. This is up 363.5 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$16K

YoY+179.8%

SIGNING DAY SPORTS INC invested $16K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 179.8% from the prior year.

SGN Income Statement

Metric	FY24	FY23	FY22
Revenue	$616K+100.1%	$308K+292.6%	$78K
Cost of Revenue	$201K+397.2%	$40K-94.8%	$783K
Gross Profit	$415K+55.2%	$267K+137.9%	-$705K
R&D Expenses	N/A	$264K+1.5%	$260K
SG&A Expenses	$7.8M+70.8%	$4.6M+19.0%	$3.8M
Operating Income	-$7.5M-57.8%	-$4.7M+25.7%	-$6.4M
Interest Expense	$148K-82.7%	$857K	N/A
Income Tax	N/A	N/A	N/A
Net Income	-$8.7M-59.3%	-$5.5M+17.9%	-$6.7M
EPS (Diluted)	$-19.86	$-19.85-2355.7%	$0.88

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q1'23	Q3'23
Revenue	$31K-54.2%	$67K-55.0%	$148K+23.0%	$121K-41.2%	$205K-12.6%	$235K+187.8%	$82K+47.7%	$55K
Cost of Revenue	$9K+61.3%	$5K-62.5%	$14K-63.7%	$39K-36.7%	$62K-10.0%	$69K+1578.0%	$4K-59.8%	$10K
Gross Profit	$22K-64.3%	$61K-54.2%	$134K+65.0%	$81K-43.1%	$143K-13.8%	$166K+113.9%	$77K+72.1%	$45K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$887K-46.1%	$1.6M+69.5%	$970K-68.1%	$3.0M+139.7%	$1.3M-37.9%	$2.0M-22.9%	$2.6M+366.7%	$568K
Operating Income	-$869K+45.1%	-$1.6M-89.3%	-$836K+71.7%	-$3.0M-162.9%	-$1.1M+42.8%	-$2.0M+29.5%	-$2.8M-367.3%	-$598K
Interest Expense	N/A	N/A	$21K+140.4%	-$52K-226.1%	$41K+8.1%	$38K-57.5%	$90K-71.1%	$309K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$566K+58.6%	-$1.4M-62.1%	-$843K+74.6%	-$3.3M-152.4%	-$1.3M+47.4%	-$2.5M+10.9%	-$2.8M-204.7%	-$920K
EPS (Diluted)	$-0.14+64.1%	$-0.39+11.4%	$-0.44+87.2%	$-3.44	$-4.25+45.4%	$-7.79+61.0%	$-19.96-16533.3%	$-0.12

SGN Balance Sheet

Metric	FY24	FY23	FY22
Total Assets	$1.1M-76.3%	$4.7M+935.9%	$454K
Current Assets	$280K-92.0%	$3.5M+1056.7%	$301K
Cash & Equivalents	$181K-83.9%	$1.1M+341.6%	$254K
Inventory	N/A	N/A	N/A
Accounts Receivable	$75K+27.9%	$59K+275.1%	$16K
Goodwill	N/A	N/A	N/A
Total Liabilities	$3.3M+12.2%	$3.0M-65.4%	$8.6M
Current Liabilities	$3.3M+16.0%	$2.8M+6.7%	$2.6M
Long-Term Debt	N/A	N/A	$5.9M
Total Equity	-$2.2M-226.5%	$1.7M+121.5%	-$8.1M
Retained Earnings	-$25.7M-51.5%	-$17.0M-47.7%	-$11.5M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q1'23	Q3'23
Total Assets	$1.0M-28.3%	$1.4M+1.9%	$1.4M+25.5%	$1.1M-68.8%	$3.6M-9.7%	$4.0M-15.9%	$4.7M+144.7%	$1.9M
Current Assets	$285K-60.9%	$730K+16.1%	$628K+124.5%	$280K-89.0%	$2.6M-8.5%	$2.8M-19.9%	$3.5M+2993.2%	$113K
Cash & Equivalents	$216K-67.2%	$657K+34.7%	$487K+168.9%	$181K+404.3%	$36K-86.2%	$260K-76.9%	$1.1M+4889.7%	$23K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$15K-35.6%	$23K-18.8%	$29K-61.9%	$75K+74.1%	$43K-62.9%	$116K+98.2%	$59K	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.1M+2.5%	$1.1M-44.3%	$1.9M-42.5%	$3.3M-26.0%	$4.5M+20.4%	$3.7M+25.9%	$3.0M-78.0%	$13.5M
Current Liabilities	$1.1M+3.3%	$1.1M-43.8%	$1.9M-42.5%	$3.3M-25.6%	$4.4M+21.8%	$3.6M+27.9%	$2.8M-19.5%	$3.5M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$9.8M
Total Equity	-$68K-118.9%	$361K+170.6%	-$512K+76.8%	-$2.2M-140.8%	-$916K-498.0%	$230K-86.8%	$1.7M+115.1%	-$11.5M
Retained Earnings	-$28.5M-2.0%	-$27.9M-5.2%	-$26.5M-3.3%	-$25.7M-23.7%	-$20.8M-6.7%	-$19.5M-14.7%	-$17.0M-19.8%	-$14.2M

SGN Cash Flow Statement

Metric	FY24	FY23	FY22
Operating Cash Flow	-$3.1M+36.8%	-$4.8M+1.6%	-$4.9M
Capital Expenditures	$16K+179.8%	$6K	N/A
Free Cash Flow	-$3.1M+36.5%	-$4.9M	N/A
Investing Cash Flow	$2.1M+166.6%	-$3.2M-271.5%	-$855K
Financing Cash Flow	$6K-99.9%	$8.9M+558.5%	$1.4M
Dividends Paid	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q1'23	Q3'23
Operating Cash Flow	-$441K+77.2%	-$1.9M-8.9%	-$1.8M-520.2%	$423K+137.5%	-$1.1M+39.0%	-$1.8M+44.9%	-$3.4M-973.2%	-$312K
Capital Expenditures	N/A	N/A	N/A	-$1	$0-100.0%	$5K	$0	N/A
Free Cash Flow	N/A	N/A	N/A	$423K+137.5%	-$1.1M+39.2%	-$1.9M+44.7%	-$3.4M	N/A
Investing Cash Flow	N/A	N/A	N/A	$0-100.0%	$25K+178.4%	-$32K+98.5%	-$2.1M-623.9%	-$292K
Financing Cash Flow	$0-100.0%	$2.1M+1.0%	$2.1M+957.7%	-$243K-127.7%	$877K-13.7%	$1.0M-84.5%	$6.6M+1036.2%	$578K
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

SGN Financial Ratios

Metric	FY24	FY23	FY22
Gross Margin	67.4%-19.5pp	86.9%+986.5pp	-899.6%
Operating Margin	-1217.4%+326.3pp	-1543.7%+6618.0pp	-8161.7%
Net Margin	-1417.6%+363.5pp	-1781.1%+6738.4pp	-8519.5%
Return on Equity	N/A	N/A	N/A
Return on Assets	-782.8%-666.4pp	-116.4%+1353.0pp	-1469.5%
Current Ratio	0.09-1.2	1.24+1.1	0.11
Debt-to-Equity	-1.51-3.2	1.70+2.4	-0.73
FCF Margin	-500.7%+1077.4pp	-1578.1%	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q1'23	Q3'23
Gross Margin	71.7%-20.2pp	92.0%+1.6pp	90.4%+23.0pp	67.4%-2.3pp	69.7%-0.9pp	70.6%-24.4pp	95.0%+13.5pp	81.5%
Operating Margin	-2840.2%-470.0pp	-2370.2%-1806.5pp	-563.7%+1891.0pp	-2454.7%-1905.3pp	-549.4%+290.3pp	-839.7%+2588.5pp	-3428.2%-2344.9pp	-1083.3%
Net Margin	-1852.1%+193.6pp	-2045.8%-1477.5pp	-568.2%+2179.0pp	-2747.3%-2106.7pp	-640.5%+424.1pp	-1064.6%+2372.3pp	-3436.9%-1771.3pp	-1665.6%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-55.4%+40.5pp	-95.9%-35.6pp	-60.3%+237.0pp	-297.2%-260.5pp	-36.8%+26.4pp	-63.1%-3.6pp	-59.6%-11.7pp	-47.8%
Current Ratio	0.26-0.4	0.69+0.4	0.33+0.2	0.09-0.5	0.58-0.2	0.78-0.5	1.24+1.2	0.03
Debt-to-Equity	-15.96-18.9	2.95+6.7	-3.73-2.2	-1.51+3.4	-4.90-21.1	16.19+14.5	1.70+2.5	-0.85
FCF Margin	N/A	N/A	N/A	350.4%+899.9pp	-549.5%+239.9pp	-789.4%+3321.3pp	-4110.6%	N/A

Note: Shareholder equity is negative (-$2.2M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.09), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is SIGNING DAY SPORTS INC's annual revenue?

SIGNING DAY SPORTS INC (SGN) reported $616K in total revenue for fiscal year 2024. This represents a 100.1% 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 SIGNING DAY SPORTS INC's revenue growing?

SIGNING DAY SPORTS INC (SGN) revenue grew by 100.1% year-over-year, from $308K to $616K in fiscal year 2024.

Is SIGNING DAY SPORTS INC profitable?

No, SIGNING DAY SPORTS INC (SGN) reported a net income of -$8.7M in fiscal year 2024, with a net profit margin of -1417.6%.

What is SIGNING DAY SPORTS INC's earnings per share (EPS)?

SIGNING DAY SPORTS INC (SGN) reported diluted earnings per share of $-19.86 for fiscal year 2024. 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 SIGNING DAY SPORTS INC's EBITDA?

SIGNING DAY SPORTS INC (SGN) had EBITDA of -$7.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is SIGNING DAY SPORTS INC's gross margin?

SIGNING DAY SPORTS INC (SGN) had a gross margin of 67.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is SIGNING DAY SPORTS INC's operating margin?

SIGNING DAY SPORTS INC (SGN) had an operating margin of -1217.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is SIGNING DAY SPORTS INC's net profit margin?

SIGNING DAY SPORTS INC (SGN) had a net profit margin of -1417.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is SIGNING DAY SPORTS INC's free cash flow?

SIGNING DAY SPORTS INC (SGN) generated -$3.1M in free cash flow during fiscal year 2024. This represents a 36.5% 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 SIGNING DAY SPORTS INC's operating cash flow?

SIGNING DAY SPORTS INC (SGN) generated -$3.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are SIGNING DAY SPORTS INC's total assets?

SIGNING DAY SPORTS INC (SGN) had $1.1M in total assets as of fiscal year 2024, including both current and long-term assets.

What are SIGNING DAY SPORTS INC's capital expenditures?

SIGNING DAY SPORTS INC (SGN) invested $16K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does SIGNING DAY SPORTS INC have outstanding?

SIGNING DAY SPORTS INC (SGN) had 909,232 shares outstanding as of fiscal year 2024.

What is SIGNING DAY SPORTS INC's current ratio?

SIGNING DAY SPORTS INC (SGN) had a current ratio of 0.09 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is SIGNING DAY SPORTS INC's debt-to-equity ratio?

SIGNING DAY SPORTS INC (SGN) had a debt-to-equity ratio of -1.51 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is SIGNING DAY SPORTS INC's return on assets (ROA)?

SIGNING DAY SPORTS INC (SGN) had a return on assets of -782.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is SIGNING DAY SPORTS INC's cash runway?

Based on fiscal year 2024 data, SIGNING DAY SPORTS INC (SGN) had $181K in cash against an annual operating cash burn of $3.1M. This gives an estimated cash runway of approximately 1 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.

Why is SIGNING DAY SPORTS INC's debt-to-equity ratio negative or unusual?

SIGNING DAY SPORTS INC (SGN) has negative shareholder equity of -$2.2M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is SIGNING DAY SPORTS INC's Piotroski F-Score?

SIGNING DAY SPORTS INC (SGN) has a Piotroski F-Score of 3 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 SIGNING DAY SPORTS INC's earnings high quality?

SIGNING DAY SPORTS INC (SGN) has an earnings quality ratio of 0.35x, 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 SIGNING DAY SPORTS INC cover its interest payments?

SIGNING DAY SPORTS INC (SGN) has an interest coverage ratio of -50.6x, 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 SIGNING DAY SPORTS INC?

SIGNING DAY SPORTS INC (SGN) scores 25 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.