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Super League Gaming Inc Financials

SLE
FY2025 annual
Revenue $11.3M -29.9% YoY
Net Income -$20.7M -24.5% YoY
EPS (Diluted) Not reported for FY2025
Free Cash Flow -$10.7M +7.1% YoY
Source SEC Filings (10-K/10-Q) Data as of Jun 30, 2026 Currency USD FYE December

Super League Gaming Inc (SLE) reported $11.3M in revenue for fiscal year 2025, down 29.9% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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).

Rhea AI SLE FY2025

FY2025 reveals a financed operating model: cost reductions narrowed losses, but operations still consumed cash despite minimal reinvestment.

In FY2025, revenue was $11.3M while gross margin reached 40.5%, an unusual pairing that makes the improvement look more like mix or cost discipline than scale. Operating loss narrowed from FY2024 even as revenue fell, reinforcing that lower overhead—not volume leverage—did most of the work.

Operating cash flow and free cash flow were both -$10.7M in FY2025. With capital expenditures at $0, the cash drain is embedded in day-to-day operations rather than a heavy reinvestment program.

FY2025 financing cash flow was $22.8M, which rebuilt liquidity even though operations consumed cash. Current ratio was 4.4x in FY2025, while debt-to-equity was far below FY2024's level; the balance sheet is more liquid, but that liquidity rests on external financing rather than internally generated cash.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Cash Runway Dilution R&DIntensity Revenue Progress BurnTrend BalanceSheet 56 / 100
Financial Health Score 56/100
Scored as: Emerging companies peer group

Scored against emerging 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 Super League Gaming 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.

Cash Runway
49
Dilution
84
R&D Intensity
39
Revenue Progress
13
Burn Trend
59
Balance Sheet
93
Altman Z-Score Safe
6.27

Super League Gaming Inc scores 6.27, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($184.4M) relative to total liabilities ($4.3M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial
4/8

Super League Gaming Inc passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality No Cash Backing
N/A

Super League Gaming Inc reported a net loss of $20.7M while operations used $10.7M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage At Risk
N/A

Super League Gaming Inc reported an operating loss of $13.1M against $8.4M 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

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Earnings & Revenue

Revenue
$11.3M
YoY-29.9%
5Y CAGR+40.6%

Super League Gaming Inc generated $11.3M in revenue in fiscal year 2025. This represents a decrease of 29.9% from the prior year.

EBITDA
-$10.9M
YoY+23.2%

Super League Gaming Inc's EBITDA was -$10.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 23.2% from the prior year.

Net Income
-$20.7M
YoY-24.5%

Super League Gaming Inc reported -$20.7M in net income in fiscal year 2025. This represents a decrease of 24.5% from the prior year.

EPS (Diluted)

Not reported for fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow
-$10.7M
YoY+7.1%

Super League Gaming Inc recorded an outflow of $10.7M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents an increase of 7.1% from the prior year.

Cash & Debt
$14.4M
YoY+998.5%
5Y CAGR+12.6%

Super League Gaming Inc held $14.4M in cash as of fiscal year 2025; long-term debt is not reported for that period.

Shares Outstanding
1M

Super League Gaming Inc had 1M shares outstanding in fiscal year 2025.

Dividends Per Share

Not reported for fiscal year 2025.

Margins & Returns

Gross Margin
40.5%
YoY+2.8pp
5Y CAGR-18.0pp

Super League Gaming Inc's gross margin was 40.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 2.8 percentage points from the prior year.

Return on Equity
-118.2%
YoY+9667.1pp
5Y CAGR+53.1pp

Super League Gaming Inc's ROE was -118.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 9667.1 percentage points from the prior year.

Operating Margin

Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Net Margin

Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Capital Allocation

R&D Spending
$2.9M
YoY-34.5%
5Y CAGR-15.7%

Super League Gaming Inc invested $2.9M in research and development in fiscal year 2025. This represents a decrease of 34.5% from the prior year.

Capital Expenditures
$0
YoY-100.0%

Super League Gaming Inc reported no capital expenditure in fiscal year 2025. This represents a decrease of 100.0% from the prior year.

Share Buybacks

Not reported for fiscal year 2025.

SLE Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

SLE annual income statement
MetricTTMFY25FY24FY23FY22FY21FY20FY19FY18
Revenue$11.6M$11.3M-29.9%$16.2M-35.5%$25.1M+27.5%$19.7M+68.6%$11.7M+465.5%$2.1M+90.4%$1.1M+3.6%$1.0M
Cost of Revenue$7.2M$6.7M-33.0%$10.1M-34.1%$15.3M+37.0%$11.2M+70.5%$6.5M+664.8%$856K+66.9%$513K-25.0%$684K
Gross Profit$4.4M$4.6M-24.7%$6.1M-37.6%$9.8M+14.9%$8.5M+66.1%$5.1M+324.3%$1.2M+111.6%$571K+57.7%$362K
R&D Expenses$3.2M$2.9M-34.5%$4.4M-53.2%$9.5M-40.2%$15.9M+43.0%$11.1M+62.7%$6.8M+38.8%$4.9M+17.5%$4.2M
SG&A Expenses$8.6M$7.2M-17.4%$8.7M-14.9%$10.3M-15.2%$12.1M+28.2%$9.4M+23.5%$7.6M-36.0%$11.9M+48.9%$8.0M
Operating Income-$14.1M-$13.1M+22.1%-$16.8M+49.0%-$32.8M+61.4%-$85.0M-238.8%-$25.1M-33.8%-$18.7M+9.8%-$20.8M-28.5%-$16.2M
Interest Expense$7.2M$8.4M+1408.9%$559K+1018.0%$50K-92.6%$679K+13480.0%$5K-37.5%$8K-99.9%$9.9M+122.4%$4.5M
Income Tax-$9K-$9K-105.6%$161K+151.4%-$313K-52.7%-$205K+93.4%-$3.1M$0$0$0
Net Income-$22.1M-$20.7M-24.5%-$16.6M+45.2%-$30.3M+64.5%-$85.5M-311.9%-$20.7M-10.8%-$18.7M+38.9%-$30.7M-48.7%-$20.6M

Not reported in any period shown, so not listed: EPS (Diluted).

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.

SLE Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

SLE annual balance sheet
MetricFY25FY24FY23FY22FY21FY20FY19FY18
Total Assets$21.9M+86.7%$11.7M-53.8%$25.3M-16.2%$30.2M-68.8%$96.8M+592.6%$14.0M-3.3%$14.4M+189.7%$5.0M
Current Assets$18.2M+216.6%$5.8M-65.7%$16.8M+67.6%$10.0M-55.0%$22.2M+136.9%$9.4M-3.0%$9.7M+157.6%$3.7M
Cash & Equivalents$14.4M+998.5%$1.3M-82.8%$7.6M+206.6%$2.5M-82.9%$14.5M+83.0%$7.9M-5.9%$8.4M+204.3%$2.8M
Accounts Receivable$2.3M-37.7%$3.8M-54.6%$8.3M+35.1%$6.1M-3.1%$6.3M+976.2%$588K+100.7%$293K-40.0%$488K
Goodwill$1.9M0.0%$1.9M0.0%$1.9M$0-100.0%$50.3M+1859.6%$2.6M0.0%$2.6M$0
Total Liabilities$4.3M-62.4%$11.5M-24.8%$15.3M+39.4%$11.0M+80.2%$6.1M+101.1%$3.0M+202.5%$1.0M-91.5%$11.8M
Current Liabilities$4.2M-60.0%$10.4M-21.9%$13.4M+25.0%$10.7M+91.3%$5.6M+205.6%$1.8M+82.2%$1.0M-91.5%$11.8M
Total Equity$17.5M+10214.1%$170K-98.3%$10.0M-48.0%$19.2M-78.8%$90.7M+729.0%$10.9M-18.6%$13.4M+297.9%-$6.8M
Retained Earnings-$290.0M-7.4%-$270.0M-8.4%-$249.0M-18.2%-$210.7M-68.2%-$125.3M-19.8%-$104.5M-21.8%-$85.8M-55.6%-$55.1M

Not reported in any period shown, so not listed: Inventory, Long-Term Debt.

SLE Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

SLE annual cash flow statement
MetricTTMFY25FY24FY23FY22FY21FY20FY19FY18
Operating Cash Flow-$11.4M-$10.7M+6.9%-$11.5M+26.0%-$15.5M+21.9%-$19.8M+12.7%-$22.7M-52.6%-$14.9M-9.0%-$13.6M-27.8%-$10.7M
Capital ExpendituresN/A$0-100.0%$23K+187.5%$8K-94.6%$149K+577.3%$22K+144.4%$9K-87.7%$73K-71.4%$255K
Free Cash FlowN/A-$10.7M+7.1%-$11.5M+25.9%-$15.5M+22.4%-$20.0M+12.1%-$22.7M-52.7%-$14.9M-8.5%-$13.7M-25.5%-$10.9M
Investing Cash Flow-$7.5M$916K+423.7%-$283K+65.7%-$825K+51.2%-$1.7M+59.8%-$4.2M-253.2%-$1.2M+62.4%-$3.2M-265.4%-$866K
Financing Cash Flow$19.6M$22.8M+319.3%$5.4M-74.6%$21.4M+126.5%$9.5M-71.7%$33.5M+115.2%$15.6M-30.8%$22.5M+78.2%$12.6M

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.

SLE Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

SLE annual financial ratios
MetricFY25FY24FY23FY22FY21FY20FY19FY18
Gross Margin40.5%+2.8pp37.7%-1.3pp39.0%-4.3pp43.3%-0.6pp43.9%-14.6pp58.5%+5.8pp52.7%+18.1pp34.6%
Operating Margin-115.1%-103.5%-130.9%-431.8%-214.9%-908.1%-1916.0%-1544.9%
Net Margin-182.7%-102.8%-120.9%-434.3%-177.8%-907.6%-2830.2%-1972.0%
Return on Equity-118.2%+9667.1pp-9785.3%-9481.7pp-303.6%+141.4pp-445.0%-422.1pp-22.9%+148.3pp-171.2%+57.0pp-228.2%N/A
Return on Assets-94.7%+47.3pp-142.1%-22.3pp-119.8%+163.1pp-282.9%-261.4pp-21.4%+112.6pp-134.0%+78.3pp-212.4%+201.3pp-413.6%
Current Ratio4.36+3.8x0.55-0.7x1.25+0.3x0.93-3.0x3.97-1.2x5.12-4.5x9.62+9.3x0.32
Debt-to-Equity0.25-67.6x67.89+66.4x1.54+1.0x0.57+0.5x0.07-0.2x0.28+0.2x0.07N/A
FCF Margin-94.1%-23.1pp-71.0%-9.2pp-61.8%-101.5%-194.7%-721.2%-1265.6%-1045.4%

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.

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Frequently Asked Questions

What is Super League Gaming Inc's annual revenue?

Super League Gaming Inc (SLE) reported $11.3M in total revenue for fiscal year 2025. This represents a -29.9% 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 29.9% year-over-year, from $16.2M to $11.3M in fiscal year 2025.

Is Super League Gaming Inc profitable?

No, Super League Gaming Inc (SLE) reported a net income of -$20.7M in fiscal year 2025.

Super League Gaming Inc (SLE) had EBITDA of -$10.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

Super League Gaming Inc (SLE) had a gross margin of 40.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Super League Gaming Inc (SLE) has a return on equity of -118.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Super League Gaming Inc (SLE) recorded an outflow of $10.7M in free cash flow during fiscal year 2025. This represents a 7.1% 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.

Super League Gaming Inc (SLE) recorded an outflow of $10.7M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

Super League Gaming Inc (SLE) had $21.9M in total assets as of fiscal year 2025, including both current and long-term assets.

Super League Gaming Inc (SLE) reported no capital expenditure during fiscal year 2025.

Super League Gaming Inc (SLE) invested $2.9M in research and development during fiscal year 2025.

Super League Gaming Inc (SLE) had 1M shares outstanding as of fiscal year 2025.

Super League Gaming Inc (SLE) had a current ratio of 4.36 as of fiscal year 2025, which is generally considered healthy.

Super League Gaming Inc (SLE) had a debt-to-equity ratio of 0.25 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Super League Gaming Inc (SLE) had a return on assets of -94.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2025 data, Super League Gaming Inc (SLE) had $14.4M in cash against an annual operating cash burn of $10.7M. This gives an estimated cash runway of approximately 16 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.

Super League Gaming Inc (SLE) has an Altman Z-Score of 6.27, placing it in the Safe Zone (low 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.

Super League Gaming Inc (SLE) has a Piotroski F-Score of 4 out of 8 computable signals; 1 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.

Super League Gaming Inc (SLE) reported a net loss of $20.7M while operations used $10.7M of cash. With neither figure positive, 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.

Super League Gaming Inc (SLE) reported an operating loss of $13.1M against $8.4M 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.

Super League Gaming Inc (SLE) scores 56 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), 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.

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