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Financial statements

TKO Group Holdings, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data TKO Group Holdings, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2021FY2023FY2023FY2024FY2025
Revenue1,0321,1403,2254,8844,735
Selling, general and administrative2422101,0271,7721,512
Operating expenses6415962,8494,8533,900
Operating income39154437630.9835
Interest expense102140230236203
Other non-operating income0.5-1.2720.8-5.36-25.7
Pre-tax income289404167-210607
Income tax15.814.333.237.373.8
Net income274389-35.29.41195
EBITDA4546046004891,320
EPS, basic-0.430.122.42
EPS, diluted-0.430.022.26
Shares, basic (weighted)82.881.380.8
Shares, diluted (weighted)82.8172194
Dividend per share3.86

Balance sheet

FY2021FY2023FY2023FY2024FY2025
Cash and equivalents875181236620831
Receivables45.4135423558
Other current assets42.3121248350
Total current assets2684921,5282,329
Property, plant and equipment175608630640
Lease right-of-use assets23.335.564.654.8
Goodwill2,6038,4448,4428,445
Intangible assets4763,5643,6503,328
Long-term investments5.4216.4101132
Other non-current assets30.352.1447336
Total assets3,58112,69115,11215,496
Accounts payable16.842246195
Accrued liabilities108267670526
Deferred revenue71.6119417663
Short-term debt22.722.42738.1
Total current liabilities2304721,4141,847
Long-term debt2,7362,7142,7353,724
Lease liabilities22.632.952.541.1
Other non-current liabilities12.83.05171112
Total liabilities3,0023,8404,9696,246
Total debt2,7592,7362,7623,762
Paid-in capital4,2454,3854,552
Retained earnings-135-292-797
Other comprehensive income0.85-0.33-2.55-17.5
Shareholders' equity5694,1094,0913,737
Total equity1,2491,95010,44010,1219,216
Total liabilities and equity3,58112,69115,11215,496

Cash flow statement

FY2021FY2023FY2023FY2024FY2025
Net income274389143-246546
Depreciation and amortization63.360224458485
Stock-based compensation63.923.764.5103118
Deferred income tax-0.850.32-0.78-69.4-10.1
Change in receivables4.4-26.430.4-66.6-140
Change in payables2619.724.930897.7
Cash from operations4415022665861,286
Acquisitions-8.68
Cash from investing-11.5-13.3-36-117-147
Debt issued5941432,9501,052
Debt repaid-208-82.6-177-2,943-70.4
Share buybacks-100-165-867
Dividends paid-185
Cash from financing163-1,181-174-155-636
Exchange rate effect0.23-1.19-0.24-7.654.76
Net change in cash592-69455.8306508
Interest paid84.2118227268215
Income taxes paid18.614.825.698.657.3

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $182.67 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Operating margin18.8%Operating income / revenue.
EBITDA margin28.8%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin14.2%Pre-tax income / revenue.
Net margin4.3%Net income / revenue.
Operating cash flow margin33.9%Cash from operations / revenue.
Effective tax rate12.4%Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)6.8%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)1.4%Net income / average total assets.
Return on invested capital (ROIC)11.8%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue30.7%Selling, general and administrative expense / revenue.
Stock-based pay / revenue2.5%Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue9.9%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-3.1%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y60.7%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income growth, 1y2,598.0%Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y15.3%Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA growth, 1y170.0%EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y29.7%Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income growth, 1y1,977.0%Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y-20.5%Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS growth, 1y11,200.0%EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y119.4%Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y36.8%Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y-8.6%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y87.3%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y2.5%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y63.0%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y12.9%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio1.28xCurrent assets / current liabilities.
Quick ratio0.66x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.24x(Cash + short-term investments) / current liabilities.
Debt / equity1.36xTotal debt / shareholders' equity. Not shown when equity is negative.
Debt / assets28.5%Total debt / total assets.
Liabilities / assets48.6%Total liabilities / total assets.
Net debt$4.04BTotal debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA2.65xNet debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage4.14xOperating income / interest expense.
Working capital$697.8MCurrent assets - current liabilities.
Goodwill and intangibles / assets71.3%(Goodwill + intangible assets) / total assets.
Tangible book value-$8.20BShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.33xRevenue / average total assets.
Fixed asset turnover8.44xRevenue / average property, plant and equipment.
Receivables turnover5.00xRevenue / average receivables.
Days sales outstanding73 days365 x average receivables / revenue.

Per share

MetricValueHow it is calculated
EPS, diluted$2.85Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share$69.88Revenue / diluted weighted shares.
Operating cash flow per share$23.66Cash from operations / diluted weighted shares.
Book value per share$44.76Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share-$108.03Tangible book value / shares outstanding.
Cash per share$7.81(Cash + short-term investments) / shares outstanding.
Payout ratio104.7%Dividends paid / net income, when net income is positive.

Valuation

MetricValueHow it is calculated
Market cap$34.57BShare price x shares outstanding.
Enterprise value$38.61BMarket cap + total debt - cash - short-term investments.
P/E151xMarket cap / net income. Only when net income is positive.
P/S6.52xMarket cap / revenue.
P/B10.2xMarket cap / shareholders' equity. Only when equity is positive.
P/OCF19.3xMarket cap / cash from operations, when positive.
EV/Sales7.28xEnterprise value / revenue.
EV/EBIT38.7xEnterprise value / operating income, when both are positive.
EV/EBITDA25.3xEnterprise value / EBITDA, when both are positive.
Earnings yield0.7%Net income / market cap (the inverse of P/E).
Dividend yield0.7%Dividends paid over the period / market cap.
Shareholder yield0.7%(Dividends paid + share buybacks) / market cap.
What was TKO Group Holdings, Inc.'s revenue in fiscal 2025?

TKO Group Holdings, Inc. reported revenue of $4.74B for fiscal 2025, 3.1% lower than the year before.

Was TKO Group Holdings, Inc. profitable in fiscal 2025?

Yes. Net income was $195.4M, a net margin of 4.1%.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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