SPHR NYSE
Sphere Entertainment Co.
1W: +1.8%
1M: -17.2%
3M: -18.1%
YTD: +21.8%
1Y: +70.8%
3Y: +239.9%
5Y: +254.2%
$114.73
+4.29 (+3.88%)
Weekly Expected Move ±10.1%
$87
$98
$109
$120
$131
Credit Risk of going bust: higher than 55% of companies Debt: 18.9% of company value Bonds: $65.4M held by 16 funds → details ▾
Of US companies ranked in the middle of the pack, about 1 in 580 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $2.67 (down 98%), Sphere Entertainment Co. would be worth roughly what it owes.
Total debt $961.5M against a stock market value of $4.12B.
Distance to default 4.63 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $463.9M (short-term plus half of long-term), stock volatility 53.0%; Altman Z'' 1.20. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $2.67 (down 98%), Sphere Entertainment Co. would be worth roughly what it owes.
Total debt $961.5M against a stock market value of $4.12B.
Distance to default 4.63 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $463.9M (short-term plus half of long-term), stock volatility 53.0%; Altman Z'' 1.20. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Balance Sheet Trends
Total Assets
$4.4B
-7.5% ▼
5Y CAGR: -4.3%
Total Liabilities
$2.2B
-7.4% ▼
5Y CAGR: -8.2%
Shareholders Equity
$2.2B
-7.5% ▼
5Y CAGR: +2.6%
Cash & Investments
$521M
-6.9% ▼
5Y CAGR: -7.0%
Total Debt
$961M
-36.7% ▼
5Y CAGR: -2.4%
Net Debt
$440M
-54.1% ▼
Assets vs Liabilities & Equity
Year-over-Year Growth
View Full Balance Sheet
| Line Item | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| — Assets — | |||||
| Cash | $132M | $573M | $560M | $560M | $521M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 |
| Cash & ST Investments | $132M | $573M | $560M | $560M | $521M |
| Net Receivables | $126M | $241M | $180M | $180M | $207M |
| Inventory | $327M | $12M | $13M | $13M | $14M |
| Other Current Assets | $15M | $8M | $81M | $81M | $11M |
| Total Current Assets | $624M | $866M | $866M | $866M | $793M |
| Property, Plant & Equip. | $3.4B | $3.3B | $3.1B | $3.1B | $2.8B |
| Goodwill & Intangibles | $475M | $502M | $439M | $439M | $367M |
| Long-Term Investments | $395M | $31M | $37M | $37M | $39M |
| Other Non-Current Assets | -$5M | $398M | $317M | $317M | $210M |
| Total Non-Current Assets | $4.3B | $4.2B | $3.9B | $3.9B | $3.6B |
| Total Assets | $5.0B | $5.1B | $4.8B | $4.8B | $4.4B |
| — Liabilities — | |||||
| Accounts Payable | $40M | $40M | $15M | $15M | $25M |
| Short-Term Debt | $82M | $849M | $849M | $849M | $80M |
| Deferred Revenue | $27M | $80M | $80M | $80M | $193M |
| Other Current Liabilities | $118M | $288M | $265M | $265M | $382M |
| Total Current Liabilities | $692M | $1.4B | $1.4B | $1.4B | $743M |
| Long-Term Debt | $1.1B | $523M | $523M | $523M | $767M |
| Other Non-Current Liab. | $89M | $123M | $123M | $123M | $180M |
| Total Non-Current Liabilities | $1.7B | $1.3B | $999M | $999M | $1.5B |
| Total Liabilities | $2.4B | $2.6B | $2.4B | $2.4B | $2.2B |
| — Equity — | |||||
| Common Stock | $347K | $354K | $354K | $354K | $366K |
| Retained Earnings | $212M | $11M | $11M | $11M | -$186M |
| Accumulated OCI | -$5M | -$7M | -$7M | -$7M | -$782K |
| Total Stockholders Equity | $2.6B | $2.4B | $2.4B | $2.4B | $2.2B |
| Total Liabilities & Equity | $5.0B | $5.1B | $4.8B | $4.8B | $4.4B |
| — Key Metrics — | |||||
| Total Debt | $1.3B | $1.5B | $1.5B | $1.5B | $961M |
| Net Debt | $1.2B | $946M | $959M | $959M | $440M |
| Total Investments | $395M | $31M | $37M | $37M | $39M |