Super League Gaming Inc Financials

SLE

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

This page shows Super League Gaming Inc (SLE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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 FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Super League Gaming Inc has an operating margin of -103.5%, meaning the company retains $-104 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 -130.9% the prior year.

Growth

Super League Gaming Inc's revenue declined 35.5% year-over-year, from $25.1M to $16.2M. This contraction results in a growth score of 0/100.

Leverage

Super League Gaming Inc has elevated debt relative to equity (D/E of 67.89), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Liquidity

Super League Gaming Inc's current ratio of 0.55 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 2/100, which could limit financial flexibility.

Cash Flow

While Super League Gaming Inc generated -$11.5M in operating cash flow, capex of $23K consumed most of it, leaving -$11.5M 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

Super League Gaming 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

0.69x

For every $1 of reported earnings, Super League Gaming Inc generates $0.69 in operating cash flow (-$11.5M OCF vs -$16.6M 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

-30.0x

Super League Gaming Inc earns $-30.0 in operating income for every $1 of interest expense (-$16.8M vs $559K). 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

$16.2M

YoY-35.5%

5Y CAGR+71.7%

Super League Gaming Inc generated $16.2M in revenue in fiscal year 2024. This represents a decrease of 35.5% from the prior year.

EBITDA

-$14.1M

YoY+48.5%

Super League Gaming Inc's EBITDA was -$14.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 48.5% from the prior year.

Free Cash Flow

-$11.5M

YoY+25.9%

Super League Gaming Inc generated -$11.5M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 25.9% from the prior year.

Net Income

-$16.6M

YoY+45.2%

Super League Gaming Inc reported -$16.6M in net income in fiscal year 2024. This represents an increase of 45.2% from the prior year.

EPS (Diluted)

N/A

Cash & Debt

$1.3M

YoY-82.8%

5Y CAGR-31.1%

Super League Gaming Inc held $1.3M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

405,610

Super League Gaming Inc had 405,610 shares outstanding in fiscal year 2024. This represents a decrease of 91.5% from the prior year.

Gross Margin

37.7%

YoY-1.3pp

5Y CAGR-15.0pp

Super League Gaming Inc's gross margin was 37.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 1.3 percentage points from the prior year.

Operating Margin

-103.5%

YoY+27.4pp

5Y CAGR+1812.5pp

Super League Gaming Inc's operating margin was -103.5% in fiscal year 2024, reflecting core business profitability. This is up 27.4 percentage points from the prior year.

Net Margin

-102.8%

YoY+18.1pp

5Y CAGR+2727.4pp

Super League Gaming Inc's net profit margin was -102.8% in fiscal year 2024, showing the share of revenue converted to profit. This is up 18.1 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$4.4M

YoY-53.2%

5Y CAGR-2.0%

Super League Gaming Inc invested $4.4M in research and development in fiscal year 2024. This represents a decrease of 53.2% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$23K

YoY+187.5%

5Y CAGR-20.6%

Super League Gaming Inc invested $23K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 187.5% from the prior year.

SLE Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$16.2M-35.5%	$25.1M+27.5%	$19.7M+68.6%	$11.7M+465.5%	$2.1M+90.4%	$1.1M
Cost of Revenue	$10.1M-34.1%	$15.3M+37.0%	$11.2M+70.5%	$6.5M+664.8%	$856K+66.9%	$513K
Gross Profit	$6.1M-37.6%	$9.8M+14.9%	$8.5M+66.1%	$5.1M+324.3%	$1.2M+111.6%	$571K
R&D Expenses	$4.4M-53.2%	$9.5M-40.2%	$15.9M+43.0%	$11.1M+62.7%	$6.8M+38.8%	$4.9M
SG&A Expenses	$8.7M-14.9%	$10.3M-15.2%	$12.1M+28.2%	$9.4M+23.5%	$7.6M-36.0%	$11.9M
Operating Income	-$16.8M+49.0%	-$32.8M+61.4%	-$85.0M-238.8%	-$25.1M-33.8%	-$18.7M+9.8%	-$20.8M
Interest Expense	$559K+1018.0%	$50K-92.6%	$679K+13480.0%	$5K-37.5%	$8K-99.9%	$9.9M
Income Tax	$161K+151.4%	-$313K-52.7%	-$205K+93.4%	-$3.1M	$0	$0
Net Income	-$16.6M+45.2%	-$30.3M+64.5%	-$85.5M-311.9%	-$20.7M-10.8%	-$18.7M+38.9%	-$30.7M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$2.4M-19.3%	$3.0M+10.4%	$2.7M-20.7%	$3.4M-16.8%	$4.1M-2.2%	$4.2M-55.7%	$9.5M+32.2%	$7.2M
Cost of Revenue	$1.3M-20.6%	$1.7M+11.2%	$1.5M-37.3%	$2.4M-1.7%	$2.5M-0.3%	$2.5M-57.2%	$5.8M+24.2%	$4.7M
Gross Profit	$1.1M-17.5%	$1.3M+9.4%	$1.2M+19.7%	$999K-39.3%	$1.6M-5.0%	$1.7M-53.5%	$3.7M+46.7%	$2.5M
R&D Expenses	$667K-3.9%	$694K-25.3%	$929K-10.8%	$1.0M+31.6%	$792K-53.4%	$1.7M-23.9%	$2.2M+8.0%	$2.1M
SG&A Expenses	$1.8M+6.8%	$1.7M+8.8%	$1.5M-30.1%	$2.2M-13.7%	$2.5M+19.9%	$2.1M-33.6%	$3.2M+39.4%	$2.3M
Operating Income	-$3.1M+3.0%	-$3.1M+13.4%	-$3.6M+21.1%	-$4.6M-12.5%	-$4.1M+11.1%	-$4.6M+64.4%	-$12.9M-187.7%	-$4.5M
Interest Expense	$1.0M+658.0%	-$181K-112.9%	$1.4M+191.5%	$481K+3106.7%	$15K-16.7%	$18K+125.0%	$8K	$0
Income Tax	$0	$0	$0-100.0%	$161K	$0	$0	$0	$0
Net Income	-$3.6M-28.0%	-$2.8M+34.2%	-$4.2M+20.0%	-$5.3M-115.4%	-$2.5M+53.3%	-$5.3M+60.4%	-$13.3M-344.8%	-$3.0M
EPS (Diluted)	$-2.65	N/A	N/A	$-21.47	N/A	N/A	N/A	N/A

SLE Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$11.7M-53.8%	$25.3M-16.2%	$30.2M-68.8%	$96.8M+592.6%	$14.0M-3.3%	$14.4M
Current Assets	$5.8M-65.7%	$16.8M+67.6%	$10.0M-55.0%	$22.2M+136.9%	$9.4M-3.0%	$9.7M
Cash & Equivalents	$1.3M-82.8%	$7.6M+206.6%	$2.5M-82.9%	$14.5M+83.0%	$7.9M-5.9%	$8.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$3.8M-54.6%	$8.3M+35.1%	$6.1M-3.1%	$6.3M+976.2%	$588K+100.7%	$293K
Goodwill	$1.9M0.0%	$1.9M	$0-100.0%	$50.3M+1859.6%	$2.6M0.0%	$2.6M
Total Liabilities	$11.5M-24.8%	$15.3M+39.4%	$11.0M+80.2%	$6.1M+101.1%	$3.0M+202.5%	$1.0M
Current Liabilities	$10.4M-21.9%	$13.4M+25.0%	$10.7M+91.3%	$5.6M+205.6%	$1.8M+82.2%	$1.0M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$170K-98.3%	$10.0M-48.0%	$19.2M-78.8%	$90.7M+729.0%	$10.9M-18.6%	$13.4M
Retained Earnings	-$270.0M-8.4%	-$249.0M-18.2%	-$210.7M-68.2%	-$125.3M-19.8%	-$104.5M-21.8%	-$85.8M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$8.7M+2.8%	$8.5M-13.5%	$9.8M-16.5%	$11.7M-24.0%	$15.4M-17.2%	$18.6M-26.6%	$25.3M-7.0%	$27.2M
Current Assets	$4.5M+19.6%	$3.7M-12.6%	$4.3M-25.7%	$5.8M-27.7%	$8.0M-25.5%	$10.7M-36.2%	$16.8M+61.8%	$10.4M
Cash & Equivalents	$1.1M+123.4%	$475K-36.4%	$747K-43.0%	$1.3M-22.3%	$1.7M-49.1%	$3.3M-56.5%	$7.6M+567.5%	$1.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$1.9M-17.9%	$2.3M-9.0%	$2.6M-31.8%	$3.8M-31.4%	$5.5M-12.1%	$6.2M-24.7%	$8.3M+5.8%	$7.8M
Goodwill	$1.9M0.0%	$1.9M0.0%	$1.9M0.0%	$1.9M0.0%	$1.9M0.0%	$1.9M0.0%	$1.9M0.0%	$1.9M
Total Liabilities	$10.7M-14.9%	$12.6M-5.0%	$13.2M+14.8%	$11.5M+11.5%	$10.4M-17.9%	$12.6M-17.8%	$15.3M+44.3%	$10.6M
Current Liabilities	$9.6M-22.1%	$12.3M-4.1%	$12.9M+23.2%	$10.4M+7.8%	$9.7M-1.5%	$9.8M-26.5%	$13.4M+31.1%	$10.2M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$2.0M+51.3%	-$4.1M-19.0%	-$3.5M-2135.9%	$170K-96.6%	$5.1M-15.6%	$6.0M-40.1%	$10.0M-39.9%	$16.6M
Retained Earnings	-$273.6M+1.3%	-$277.1M-1.1%	-$274.3M-1.6%	-$270.0M-4.5%	-$258.3M-1.6%	-$254.3M-2.1%	-$249.0M-6.3%	-$234.2M

SLE Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$11.5M+26.0%	-$15.5M+21.9%	-$19.8M+12.7%	-$22.7M-52.6%	-$14.9M-9.0%	-$13.6M
Capital Expenditures	$23K+187.5%	$8K-94.6%	$149K+577.3%	$22K+144.4%	$9K-87.7%	$73K
Free Cash Flow	-$11.5M+25.9%	-$15.5M+22.4%	-$20.0M+12.1%	-$22.7M-52.7%	-$14.9M-8.5%	-$13.7M
Investing Cash Flow	-$283K+65.7%	-$825K+51.2%	-$1.7M+59.8%	-$4.2M-253.2%	-$1.2M+62.4%	-$3.2M
Financing Cash Flow	$5.4M-74.6%	$21.4M+126.5%	$9.5M-71.7%	$33.5M+115.2%	$15.6M-30.8%	$22.5M
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	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	-$2.8M-56.8%	-$1.8M+18.7%	-$2.2M+33.3%	-$3.3M-43.0%	-$2.3M+38.3%	-$3.7M-167.5%	-$1.4M+57.6%	-$3.3M
Capital Expenditures	N/A	N/A	N/A	$0	$0	$0	$0	$0
Free Cash Flow	N/A	N/A	N/A	-$3.3M-43.0%	-$2.3M+38.3%	-$3.7M-167.5%	-$1.4M+57.6%	-$3.3M
Investing Cash Flow	$127K-75.2%	$513K+81.3%	$283K+62.6%	$174K+209.4%	-$159K-27.2%	-$125K+25.1%	-$167K-2683.3%	-$6K
Financing Cash Flow	$3.3M+224.6%	$1.0M-25.8%	$1.4M-67.3%	$4.1M+392.8%	$842K+295.8%	-$430K-105.4%	$8.0M+328.5%	$1.9M
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

SLE Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	37.7%-1.3pp	39.0%-4.3pp	43.3%-0.6pp	43.9%-14.6pp	58.5%+5.8pp	52.7%
Operating Margin	-103.5%+27.4pp	-130.9%+300.8pp	-431.8%-216.9pp	-214.9%+693.2pp	-908.1%+1008.0pp	-1916.0%
Net Margin	-102.8%+18.1pp	-120.9%+313.3pp	-434.3%-256.5pp	-177.8%+729.8pp	-907.6%+1922.6pp	-2830.2%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-142.1%-22.3pp	-119.8%+163.1pp	-282.9%-261.4pp	-21.4%+112.6pp	-134.0%+78.3pp	-212.4%
Current Ratio	0.55-0.7	1.25+0.3	0.93-3.0	3.97-1.2	5.12-4.5	9.62
Debt-to-Equity	67.89+66.4	1.54+1.0	0.57+0.5	0.07-0.2	0.28+0.2	0.07
FCF Margin	-71.0%-9.2pp	-61.8%+39.7pp	-101.5%+93.2pp	-194.7%+526.4pp	-721.2%+544.4pp	-1265.6%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	44.6%+1.0pp	43.6%-0.4pp	44.0%+14.8pp	29.2%-10.8pp	40.0%-1.2pp	41.1%+2.0pp	39.2%+3.9pp	35.3%
Operating Margin	-125.9%-21.1pp	-104.8%+28.8pp	-133.6%+0.8pp	-134.3%-34.9pp	-99.4%+10.0pp	-109.4%+26.6pp	-136.0%-73.5pp	-62.5%
Net Margin	-147.0%-54.3pp	-92.7%+62.9pp	-155.6%-1.3pp	-154.4%-94.7pp	-59.7%+65.3pp	-125.0%+14.6pp	-139.6%-98.1pp	-41.5%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-40.9%-8.0pp	-32.9%+10.3pp	-43.2%+1.9pp	-45.1%-29.2pp	-15.9%+12.3pp	-28.3%+24.1pp	-52.4%-41.5pp	-10.9%
Current Ratio	0.46+0.2	0.30-0.0	0.33-0.2	0.55-0.3	0.82-0.3	1.09-0.2	1.25+0.2	1.02
Debt-to-Equity	-5.34-2.3	-3.06+0.8	-3.83-71.7	67.89+65.8	2.05-0.1	2.11+0.6	1.54+0.9	0.64
FCF Margin	N/A	N/A	N/A	-96.4%-40.3pp	-56.1%+32.8pp	-88.9%-74.2pp	-14.7%+31.1pp	-45.8%

Note: The current ratio is below 1.0 (0.55), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Super League Gaming Inc's annual revenue?

Super League Gaming Inc (SLE) reported $16.2M in total revenue for fiscal year 2024. This represents a -35.5% 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 Super League Gaming Inc's revenue growing?

Super League Gaming Inc (SLE) revenue declined by 35.5% year-over-year, from $25.1M to $16.2M in fiscal year 2024.

Is Super League Gaming Inc profitable?

No, Super League Gaming Inc (SLE) reported a net income of -$16.6M in fiscal year 2024, with a net profit margin of -102.8%.

What is Super League Gaming Inc's EBITDA?

Super League Gaming Inc (SLE) had EBITDA of -$14.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Super League Gaming Inc's gross margin?

Super League Gaming Inc (SLE) had a gross margin of 37.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Super League Gaming Inc's operating margin?

Super League Gaming Inc (SLE) had an operating margin of -103.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Super League Gaming Inc's net profit margin?

Super League Gaming Inc (SLE) had a net profit margin of -102.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Super League Gaming Inc's free cash flow?

Super League Gaming Inc (SLE) generated -$11.5M in free cash flow during fiscal year 2024. This represents a 25.9% 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 Super League Gaming Inc's operating cash flow?

Super League Gaming Inc (SLE) generated -$11.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Super League Gaming Inc's total assets?

Super League Gaming Inc (SLE) had $11.7M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Super League Gaming Inc's capital expenditures?

Super League Gaming Inc (SLE) invested $23K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Super League Gaming Inc spend on research and development?

Super League Gaming Inc (SLE) invested $4.4M in research and development during fiscal year 2024.

How many shares does Super League Gaming Inc have outstanding?

Super League Gaming Inc (SLE) had 405,610 shares outstanding as of fiscal year 2024.

What is Super League Gaming Inc's current ratio?

Super League Gaming Inc (SLE) had a current ratio of 0.55 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Super League Gaming Inc's debt-to-equity ratio?

Super League Gaming Inc (SLE) had a debt-to-equity ratio of 67.89 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Super League Gaming Inc's return on assets (ROA)?

Super League Gaming Inc (SLE) had a return on assets of -142.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Super League Gaming Inc's cash runway?

Based on fiscal year 2024 data, Super League Gaming Inc (SLE) had $1.3M in cash against an annual operating cash burn of $11.5M. 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.

What is Super League Gaming Inc's Piotroski F-Score?

Super League Gaming Inc (SLE) 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 Super League Gaming Inc's earnings high quality?

Super League Gaming Inc (SLE) has an earnings quality ratio of 0.69x, 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 Super League Gaming Inc cover its interest payments?

Super League Gaming Inc (SLE) has an interest coverage ratio of -30.0x, 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 Super League Gaming Inc?

Super League Gaming Inc (SLE) 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.