Every 10-Q that Madison Square Garden Sports Corp. (MSGS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow MSGS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MSGS filings page.
Madison Square Garden Sports Corp. reported revenue of $432,199 for the quarter ended March 31, 2026, up slightly from $424,197 a year earlier, but operating income fell to $1,963 from $32,342. Higher direct operating expenses and $1,244 of restructuring charges drove a quarterly net loss of $19,983, or $0.83 per share.
For the first nine months, revenue rose to $875,077 while net loss was broadly unchanged at $20,538. Cash from operating activities dropped to $5,012, and cash and equivalents declined to $107,039. The board authorized management to explore a potential tax-free spin-off of the Rangers business into a separate public company, though completion is not assured.
Madison Square Garden Sports Corp. reported higher results for the quarter ended December 31, 2025. Revenue rose to $403,424 from $357,759, driven mainly by higher ticket, suite, sponsorship and league distribution revenues, partly offset by lower local media rights fees under amended MSG Networks agreements.
Quarterly net income increased to $8,243 from $1,111, while the six‑month net loss narrowed to $555 from $6,431 on revenue of $442,878 versus $411,066. Operating activities used $52,509 of cash in the first half, compared with $35,621 provided a year earlier, as receivables, prepaid expenses and other assets grew.
Cash and cash equivalents were $81,302 at December 31, 2025, down from $144,617 at June 30, 2025. Long‑term borrowings under the Knicks revolving credit facility totaled $267,000 and the Rangers NHL advance balance was $24,000. Total equity remained negative at $(282,080), though goodwill and sports franchise intangibles showed no impairments.
Madison Square Garden Sports (MSGS) reported a seasonal first‑quarter net loss as team calendars ramp up. Revenue was $39.5 million versus $53.3 million a year ago, and operating loss widened to $27.4 million from $8.3 million. Net loss was $8.8 million, or $0.37 per share.
Results reflect lower media and league distributions in the off‑season and higher corporate costs, partly offset by non‑cash investment gains. Miscellaneous income was $15.1 million, driven by unrealized gains in Xtract One securities and warrants. Cash and cash equivalents were $48.6 million. Long‑term debt was $267.0 million under the Knicks revolving credit facility, with $24.0 million outstanding under the Rangers’ NHL advance recorded as current debt.
Deferred revenue rose as season activity approached; current deferred revenue was $330.6 million as of September 30, 2025, up from $164.2 million at June 30, 2025. The company recorded an income tax benefit reflecting a 49% effective tax rate. Media rights agreements were amended in June 2025 and include penny warrants exercisable for 19.9% of MSG Networks.