TKO Group Financials
This page shows TKO Group (TKO) 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).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
TKO Group has an operating margin of 17.6%, meaning the company retains $18 of operating profit per $100 of revenue. This results in a moderate score of 61/100, indicating healthy but not exceptional operating efficiency. This is up from 0.6% the prior year.
TKO Group's revenue declined 3.1% year-over-year, from $4.9B to $4.7B. This contraction results in a growth score of 28/100.
TKO Group carries a low D/E ratio of 1.00, meaning only $1.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 82/100, indicating a strong balance sheet with room for future borrowing.
TKO Group's current ratio of 1.26 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 20/100, which could limit financial flexibility.
TKO Group generates a 5.2% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 23/100. This is up from 0.2% the prior year.
TKO Group scores 1.26, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($15.9B) relative to total liabilities ($11.8B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
TKO Group passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, TKO Group generates $6.58 in operating cash flow ($1.3B OCF vs $195.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
TKO Group earns $4.1 in operating income for every $1 of interest expense ($835.0M vs $202.7M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
TKO Group generated $4.7B in revenue in fiscal year 2025. This represents a decrease of 3.1% from the prior year.
TKO Group's EBITDA was $1.3B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 170.0% from the prior year.
TKO Group reported $195.4M in net income in fiscal year 2025. This represents an increase of 1977.0% from the prior year.
TKO Group earned $2.26 per diluted share (EPS) in fiscal year 2025. This represents an increase of 11200.0% from the prior year.
Cash & Balance Sheet
TKO Group held $831.1M in cash against $3.7B in long-term debt as of fiscal year 2025.
Margins & Returns
TKO Group's operating margin was 17.6% in fiscal year 2025, reflecting core business profitability. This is up 17.0 percentage points from the prior year.
TKO Group's net profit margin was 4.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 3.9 percentage points from the prior year.
TKO Group's ROE was 5.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 5.0 percentage points from the prior year.
Capital Allocation
TKO Group spent $866.8M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 425.4% from the prior year.
TKO Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.0B-7.3% | $1.1B-14.4% | $1.3B+3.1% | $1.3B+36.7% | $927.9M-39.8% | $1.5B+29.1% | $1.2B-2.4% | $1.2B |
| 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 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | $379.2M+4.1% | $364.4M+0.3% | $363.3M | N/A | $379.6M+3.1% | $368.2M-44.9% | $668.3M |
| Operating Income | $57.4M-66.6% | $172.0M-53.3% | $368.3M+55.2% | $237.4M+331.3% | $55.0M+58.9% | $34.6M-69.8% | $114.9M+166.2% | -$173.6M |
| Interest Expense | N/A | $50.8M+5.5% | $48.2M+7.7% | $44.8M | N/A | $59.4M-5.6% | $63.0M+2.9% | $61.2M |
| Income Tax | N/A | $12.8M-72.5% | $46.5M+119.4% | $21.2M | N/A | $2.9M-56.7% | $6.6M+215.3% | -$5.7M |
| Net Income | -$2.4M-105.8% | $41.0M-58.3% | $98.4M+68.4% | $58.4M+88.4% | $31.0M+34.0% | $23.1M-60.9% | $59.1M+156.9% | -$103.8M |
| EPS (Diluted) | $-0.08-117.0% | $0.47-59.8% | $1.17+69.6% | $0.69+146.4% | $0.280.0% | $0.28-61.1% | $0.72+157.1% | $-1.26 |
TKO Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $15.5B-0.3% | $15.5B+1.3% | $15.3B+2.2% | $15.0B-0.7% | $15.1B+18.3% | $12.8B+0.4% | $12.7B0.0% | $12.7B |
| Current Assets | $2.3B+5.3% | $2.2B+15.7% | $1.9B+25.9% | $1.5B-0.6% | $1.5B+71.0% | $893.8M+19.3% | $749.2M+28.8% | $581.8M |
| Cash & Equivalents | $831.1M-3.5% | $861.4M+61.0% | $535.1M+13.6% | $470.9M-24.0% | $619.8M+35.5% | $457.4M+64.8% | $277.5M+12.9% | $245.8M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $558.3M-4.3% | $583.2M-7.9% | $633.5M+34.1% | $472.4M+11.7% | $423.0M+68.8% | $250.6M-15.0% | $294.7M+71.8% | $171.6M |
| Goodwill | $8.4B0.0% | $8.4B0.0% | $8.4B0.0% | $8.4B0.0% | $8.4B+10.2% | $7.7B0.0% | $7.7B0.0% | $7.7B |
| Total Liabilities | $11.8B+0.3% | $11.7B+5.9% | $11.1B+2.1% | $10.8B-1.6% | $11.0B+26.3% | $8.7B0.0% | $8.7B+0.5% | $8.7B |
| Current Liabilities | $1.8B+21.6% | $1.5B+2.9% | $1.5B+21.1% | $1.2B-13.8% | $1.4B+85.2% | $763.4M+1.4% | $753.2M+27.6% | $590.5M |
| Long-Term Debt | $3.7B+0.6% | $3.7B+36.0% | $2.7B-0.2% | $2.7B-0.2% | $2.7B+1.4% | $2.7B-0.2% | $2.7B-0.2% | $2.7B |
| Total Equity | $3.7B-2.2% | $3.8B-10.4% | $4.3B+2.5% | $4.2B+1.7% | $4.1B+1.1% | $4.0B+1.3% | $4.0B-1.1% | $4.0B |
| Retained Earnings | -$797.3M-6.0% | -$752.4M-478.7% | -$130.0M+43.8% | -$231.2M+20.7% | -$291.7M+9.6% | -$322.8M+6.8% | -$346.4M-44.9% | -$239.1M |
TKO Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $309.9M-25.6% | $416.8M+5.2% | $396.2M+143.3% | $162.8M+190.2% | $56.1M-68.5% | $178.0M-42.1% | $307.1M+584.4% | $44.9M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$73.2M-205.1% | -$24.0M-28.5% | -$18.7M+39.7% | -$31.0M-2871.0% | -$1.0M+96.8% | -$32.9M-17.0% | -$28.2M+48.9% | -$55.1M |
| Financing Cash Flow | -$225.8M-253.2% | -$63.9M+60.1% | -$160.4M+13.6% | -$185.7M-531.4% | $43.0M-28.6% | $60.3M+124.6% | -$245.0M-1747.1% | -$13.3M |
| Dividends Paid | $60.6M-2.8% | $62.4M+100.7% | $31.1M+0.1% | $31.1M | N/A | N/A | N/A | N/A |
| Share Buybacks | $40.7M | N/A | N/A | N/A | $0 | $0 | N/A | N/A |
TKO Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | 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 | 5.5%-9.8pp | 15.4%-12.8pp | 28.1%+9.4pp | 18.7%+12.8pp | 5.9%+3.7pp | 2.3%-7.4pp | 9.6%+23.8pp | -14.2% |
| Net Margin | -0.2%-3.9pp | 3.7%-3.9pp | 7.5%+2.9pp | 4.6%+1.3pp | 3.3%+1.8pp | 1.5%-3.5pp | 5.0%+13.4pp | -8.5% |
| Return on Equity | -0.1%-1.1pp | 1.1%-1.2pp | 2.3%+0.9pp | 1.4%+0.6pp | 0.8%+0.2pp | 0.6%-0.9pp | 1.5%+4.0pp | -2.6% |
| Return on Assets | -0.0%-0.3pp | 0.3%-0.4pp | 0.6%+0.3pp | 0.4%+0.2pp | 0.2%+0.0pp | 0.2%-0.3pp | 0.5%+1.3pp | -0.8% |
| Current Ratio | 1.26-0.2 | 1.46+0.2 | 1.30+0.0 | 1.25+0.2 | 1.08-0.1 | 1.17+0.2 | 0.990.0 | 0.99 |
| Debt-to-Equity | 1.00+0.0 | 0.97+0.3 | 0.64-0.0 | 0.66-0.0 | 0.670.0 | 0.67-0.0 | 0.680.0 | 0.67 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is TKO Group's annual revenue?
TKO Group (TKO) reported $4.7B in total revenue for fiscal year 2025. This represents a -3.1% 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 TKO Group's revenue growing?
TKO Group (TKO) revenue declined by 3.1% year-over-year, from $4.9B to $4.7B in fiscal year 2025.
Is TKO Group profitable?
Yes, TKO Group (TKO) reported a net income of $195.4M in fiscal year 2025, with a net profit margin of 4.1%.
What is TKO Group's EBITDA?
TKO Group (TKO) had EBITDA of $1.3B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does TKO Group have?
As of fiscal year 2025, TKO Group (TKO) had $831.1M in cash and equivalents against $3.7B in long-term debt.
What is TKO Group's operating margin?
TKO Group (TKO) had an operating margin of 17.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is TKO Group's net profit margin?
TKO Group (TKO) had a net profit margin of 4.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is TKO Group's return on equity (ROE)?
TKO Group (TKO) has a return on equity of 5.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is TKO Group's operating cash flow?
TKO Group (TKO) generated $1.3B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are TKO Group's total assets?
TKO Group (TKO) had $15.5B in total assets as of fiscal year 2025, including both current and long-term assets.
What is TKO Group's current ratio?
TKO Group (TKO) had a current ratio of 1.26 as of fiscal year 2025, which is considered adequate.
What is TKO Group's debt-to-equity ratio?
TKO Group (TKO) had a debt-to-equity ratio of 1.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is TKO Group's return on assets (ROA)?
TKO Group (TKO) had a return on assets of 1.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is TKO Group's Altman Z-Score?
TKO Group (TKO) has an Altman Z-Score of 1.26, placing it in the Distress Zone (elevated 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.
What is TKO Group's Piotroski F-Score?
TKO Group (TKO) has a Piotroski F-Score of 5 out of 9, indicating neutral 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 TKO Group's earnings high quality?
TKO Group (TKO) has an earnings quality ratio of 6.58x, considered cash-backed (high 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 TKO Group cover its interest payments?
TKO Group (TKO) has an interest coverage ratio of 4.1x, meaning it can adequately 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 TKO Group?
TKO Group (TKO) scores 43 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.