Genius Sports Ltd (GENI) SEC Filings

BlackRock, Inc. has reported a significant ownership stake in Genius Sports Ltd common stock. BlackRock beneficially owns 13,568,701 shares, representing 5.3% of the outstanding common shares. It has sole voting power over 13,317,609 shares and sole dispositive power over 13,568,701 shares, with no shared voting or dispositive power reported. Various underlying clients and accounts have rights to dividends or sale proceeds, but no single underlying holder has more than five percent of Genius Sports’ total outstanding common shares.

Voss Capital, L.P., its affiliated funds and managing member Travis W. Cocke report beneficial ownership of ordinary shares of Genius Sports Ltd. Voss Value Master Fund holds 600,000 Ordinary Shares, representing approximately 0.2% of the class.

Voss Capital, as investment manager to the funds and certain managed accounts, may be deemed to beneficially own a total of 6,444,345 Ordinary Shares, including 5,844,345 Shares held in Voss Managed Accounts, representing approximately 2.4% of the 267,626,957 Shares outstanding as of April 30, 2026. Mr. Cocke, as managing member of Voss Capital and Voss GP, may be deemed to beneficially own the same aggregate amount, also approximately 2.4% of the outstanding shares.

Glenview Capital Management and Larry Robbins filed a Schedule 13G reporting beneficial ownership of 13,795,208 ordinary shares of Genius Sports Ltd. The filing states this equals approximately 5.2% of the class, based on 267,626,957 shares outstanding as of April 30, 2026. The reported position comprises 5,814,989 shares held for Glenview Capital Master Fund and 7,980,219 shares held for Glenview Offshore Opportunity Master Fund, with shared voting and dispositive power over the 13,795,208 shares.

Genius Sports Limited received an amended Schedule 13G/A reporting that Wellington Management Group LLP and affiliated entities beneficially own 1,545,484 shares of Common Stock, representing 0.63% of the class. The filing lists shared voting power of 1,380,263 and shared dispositive power of 1,545,484.

The report states these shares are held of record by clients of Wellington investment advisers and that no client is known to hold more than five percent of the class. The filing is signed by Matthew Revell as Compliance Manager.

Genius Sports Limited reported strong top-line growth but a much larger loss for the three months ended March 31, 2026. Revenue rose to $187.9 million, up 31% from $144.0 million, driven mainly by Betting Technology, Content and Services at $146.2 million and Media Technology, Content and Services at $41.7 million.

Data and streaming rights costs climbed to $85.6 million, helping push total cost of revenue up 33% and limiting gross profit to $43.3 million. Operating expenses increased 55% to $86.5 million, including sharply higher stock-based compensation of $30.9 million and $7.5 million of transaction expenses.

Net loss widened to $55.5 million, or $0.21 per share, compared with a $8.2 million loss, while Adjusted EBITDA improved to $24.0 million. Cash and cash equivalents fell to $197.4 million from $280.6 million as operating activities used $66.4 million of cash. After quarter-end, Genius closed the Legend acquisition for $800 million in cash plus 10.1 million shares and put in place a new $825 million term loan and $220 million revolving facility, significantly expanding its scale and leverage.

Genius Sports Limited has completed its acquisition of Legend, a global digital sports and gaming media network whose properties, including Covers.com, Casino.org and Casino Guru, generated 320 million annual visits from 118 million unique visitors in 2025. Management expects the deal to be immediately accretive to Group Adjusted EBITDA margins and free cash flow conversion.

To support the transaction and broader liquidity, Genius arranged a new $825 million senior secured term loan and a $220 million senior secured revolving credit facility maturing on April 30, 2031. Term loans currently carry margins of 3.50% over Term SOFR and 2.50% over ABR, with step-downs tied to leverage. Sellers are subject to a six‑month lock‑up on any Genius shares received as consideration, helping stage potential stock sales post‑closing.

Genius Sports Ltd Chief Commercial Officer Jack Davison exercised 75,000 restricted share units into Ordinary Shares on March 20, 2026. These units represented the right to receive one Ordinary Share each, contingent on continued service through the vesting date. Of the resulting shares, 35,250 Ordinary Shares were withheld at $4.53 per share to cover tax obligations. After these transactions, Davison directly owned 2,029,706 Ordinary Shares, reflecting a routine compensation-related exercise and tax withholding rather than an open-market trade.

Genius Sports Ltd Chief Executive Officer Mark Locke exercised restricted share units into ordinary shares and had shares withheld for taxes. He converted 120,000 restricted share units, each representing one ordinary share, into 120,000 ordinary shares. To cover tax obligations, 7,800 ordinary shares were withheld at a price of $4.53 per share. After these compensation-related transactions, he directly holds 20,175,216 ordinary shares. The filing characterizes the RSUs as contingent rights that vest based on continued service, and the tax withholding is not an open-market sale.

Genius Sports Ltd Chief Legal Officer Russell Thomas exercised 35,000 Restricted Share Units into Ordinary Shares on March 20, 2026. These RSUs represented the right to receive one Ordinary Share each, subject to continued service through the vesting date.

To cover tax obligations, 16,450 Ordinary Shares were disposed of by share withholding at $4.53 per share. After these compensation-related transactions, Thomas holds 521,467 Ordinary Shares directly, reflecting a net increase in his equity position in the company.