BATRA · Atlanta Braves Holdings, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $72.01M | - | $311.54M | $312.44M | $47.21M | - | $290.67M | $282.88M | $37.08M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $35.26M | - | $34.75M | $34.94M | $27.23M | - | $37.12M | $33.35M | $27.09M | - |
| Total Operating Expenses | $113.26M | - | $272.61M | $270.65M | $91.66M | - | $284.27M | $257.94M | $89.44M | - |
| D&A | $17.13M | - | $23.47M | $21.27M | $13.26M | - | $18.68M | $17.11M | $14.88M | - |
| Operating Income | ($41.25M) | - | $38.93M | $41.79M | ($44.45M) | - | $6.40M | $24.94M | ($52.35M) | - |
| Interest Expense | $11.17M | - | $12.29M | $11.65M | $9.44M | - | $9.66M | $9.45M | $9.44M | - |
| Income Tax | ($10.19M) | - | $11.70M | $12.29M | ($12.51M) | - | ($115.0K) | $884.0K | ($4.16M) | - |
| Net Income | ($40.48M) | - | $29.98M | $29.49M | ($41.39M) | - | $10.02M | $29.11M | ($51.27M) | - |
| EPS - Basic | ($0.63) | - | $0.48 | $0.47 | ($0.66) | - | $0.16 | $0.47 | ($0.83) | - |
| EPS - Diluted | ($0.63) | - | $0.47 | $0.46 | ($0.66) | - | $0.16 | $0.46 | ($0.83) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $135.20M | $99.88M | $82.24M | $96.20M | $244.68M | $110.14M | $100.85M | $121.24M | $181.46M | $125.15M |
| Accounts Receivable | - | $33.49M | - | - | - | $27.63M | - | - | - | $27.84M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | $224.64M | $158.71M | $217.08M | $236.53M | $321.36M | $179.15M | $224.14M | $248.30M | $287.44M | $218.02M |
| Total Assets | $1.69B | $1.61B | $1.67B | $1.68B | $1.68B | $1.52B | $1.56B | $1.57B | $1.60B | $1.50B |
| Current Liabilities | $490.88M | $377.04M | $249.70M | $371.16M | $413.87M | $286.66M | $321.66M | $388.17M | $359.87M | $233.67M |
| Long-term Debt | $493.43M | $523.28M | $655.09M | $598.66M | $595.12M | $512.93M | $502.47M | $462.36M | $537.37M | $527.12M |
| Total Liabilities | $1.16B | $1.08B | $1.10B | $1.15B | $1.18B | $987.62M | $1.01B | $1.05B | $1.11B | $963.69M |
| Stockholders' Equity | $518.96M | $526.05M | $560.29M | $522.83M | $486.12M | $524.18M | $530.42M | $512.67M | $479.20M | $528.60M |
| Retained Earnings | ($649.49M) | ($609.01M) | ($567.56M) | ($597.54M) | ($627.03M) | ($585.64M) | ($566.52M) | ($576.54M) | ($605.65M) | ($554.38M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $62.48M | - | - | - | $95.77M | - | - | - | $91.06M | - |
| Investing Cash Flow | ($8.63M) | - | - | - | ($21.52M) | - | - | - | ($27.59M) | - |
| Financing Cash Flow | $3.42M | - | - | - | $80.14M | - | - | - | $7.83M | - |
| CapEx | - | - | - | - | $19.52M | - | - | - | $27.64M | - |
| Free Cash Flow | - | - | - | - | $76.25M | - | - | - | $63.42M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | -57.3% | - | 12.5% | 13.4% | -94.2% | - | 2.2% | 8.8% | -141.2% | - |
| EBITDA margin | -33.5% | - | 20.0% | 20.2% | -66.1% | - | 8.6% | 14.9% | -101.1% | - |
| Net margin | -56.2% | - | 9.6% | 9.4% | -87.7% | - | 3.4% | 10.3% | -138.3% | - |
| Free cash flow margin | - | - | - | - | 161.5% | - | - | - | 171.0% | - |
| FCF / Net income | - | - | - | - | -1.84 | - | - | - | -1.24 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 49.0% | - | 11.2% | 11.2% | 57.7% | - | 12.8% | 11.8% | 73.1% | - |
| Effective tax rate | - | - | 28.1% | 29.4% | - | - | -1.2% | 2.9% | - | - |
| Return on assets | -2.4% | - | 1.8% | 1.8% | -2.5% | - | 0.6% | 1.8% | -3.2% | - |
| Return on equity | -7.8% | - | 5.4% | 5.6% | -8.5% | - | 1.9% | 5.7% | -10.7% | - |
| Return on invested capital | -3.2% | - | 2.3% | 2.6% | -3.2% | - | 0.6% | 2.5% | -4.1% | - |
| Liquidity | ||||||||||
| Current ratio | 0.46 | 0.42 | 0.87 | 0.64 | 0.78 | 0.62 | 0.70 | 0.64 | 0.80 | 0.93 |
| Quick ratio | 0.46 | 0.42 | 0.87 | 0.64 | 0.78 | 0.62 | 0.70 | 0.64 | 0.80 | 0.93 |
| Cash ratio | 0.28 | 0.26 | 0.33 | 0.26 | 0.59 | 0.38 | 0.31 | 0.31 | 0.50 | 0.54 |
| Leverage | ||||||||||
| Debt / Equity | 0.95 | 0.99 | 1.17 | 1.15 | 1.22 | 0.98 | 0.95 | 0.90 | 1.12 | 1.00 |
| Debt / Assets | 0.29 | 0.32 | 0.39 | 0.36 | 0.35 | 0.34 | 0.32 | 0.29 | 0.34 | 0.35 |
| Debt / EBITDA | - | - | 10.50 | 9.49 | - | - | 20.03 | 11.00 | - | - |
| Interest coverage | -3.7x | - | 3.2x | 3.6x | -4.7x | - | 0.7x | 2.6x | -5.5x | - |
| Equity multiplier | 3.25 | 3.07 | 2.98 | 3.22 | 3.46 | 2.91 | 2.94 | 3.07 | 3.34 | 2.85 |
| Liabilities / Assets | 0.69 | 0.67 | 0.66 | 0.68 | 0.70 | 0.65 | 0.65 | 0.67 | 0.69 | 0.64 |
| Efficiency | ||||||||||
| Asset turnover | 0.04 | - | 0.19 | 0.19 | 0.03 | - | 0.19 | 0.18 | 0.02 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | 96.7x | 107.0x | - | - | 263.4x | 89.8x | - | - |
| P / B | 5.9x | - | 5.2x | 6.0x | 5.7x | - | 5.0x | 5.1x | 5.5x | - |
| P / S | 42.2x | - | 9.3x | 10.0x | 58.8x | - | 9.1x | 9.2x | 70.9x | - |
| EV / EBITDA | - | - | 55.7x | 57.5x | - | - | 122.0x | 69.8x | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 52.5% | - | 7.2% | 10.5% | 27.3% | - | 18.4% | 4.7% | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 7.2% | - | 508.1% | 67.6% | 15.1% | - | -59.3% | 28.1% | - | - |
| Net income growth (YoY) | 2.2% | - | 199.2% | 1.3% | 19.3% | - | - | - | - | - |
| EPS growth (YoY) | 4.5% | - | 193.7% | 0.0% | 20.5% | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | 20.2% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 6.8% | 0.4% | 5.6% | 2.0% | 1.4% | -0.8% | -5.9% | 143.4% | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$732.49M totalBaseball Segments$635.06M · 86.7%
Mixed Use Development Segment$97.43M · 13.3%
Product / service
$1.37B totalBaseball$635.06M · 46.4%
Baseball Event$357.85M · 26.2%
Broadcasting$188.59M · 13.8%
Mixed Use Development$97.43M · 7.1%
Retail And Licensing$46.49M · 3.4%
Product And Service Other$42.14M · 3.1%
Peer comparison
Same SIC group: Services-Amusement & Recreation Services
Comparing Atlanta Braves Holdings against the 5 most active filers in the same SIC group.