Filing Flows › MSG Knickerbockers (MSGK) › Q1 FY26
MSG Knickerbockers (MSGK) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Oct 31, 2025
MSG Knickerbockers (MSGK) reported revenue of $39.5M for the first quarter fiscal 2026 (Q1 FY26), -26% from a year earlier and -81% from the quarter before. Operating margin was -69.5%, net loss $8.8M (22.3% of revenue).
MSG Knickerbockers, Q1 FY26: revenue $39.5M (-26% year over year), operating margin -69.5%, net loss $8.8M, operating cash flow −$85.0M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $39.5M | -81% | -26% |
| Operating profit | −$27.4M | — | — |
| Net earnings | −$8.8M | — | — |
| Operating cash flow | −$85.0M | -271% | — |
What changed
Revenue was $39.5M in Q1 FY26, down 26% year over year and down 81% from the previous quarter. League distributions and other was the largest line at 60% of revenue. League distributions and other lost $11.0M year over year (down 32%), 79% of the total change.
Operating costs exceeded revenue by $27.4M, an operating margin of -69.5%. Total costs grew 9% against a revenue fall of 26%. The quarter ended with a net loss of $8.8M, wider than the previous quarter's $1.8M loss. Non-operating items added $10.1M, -58% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$85.0M. Non-cash charges added back $811K of depreciation and amortization and $4.8M of share-based compensation. Working capital and other items used $81.8M. Capital expenditures of $371K exceeded it, leaving free cash flow of −$85.3M.
Questions
What was MSG Knickerbockers' revenue in the first quarter fiscal 2026?
MSG Knickerbockers (MSGK) reported revenue of $39.5M for the first quarter fiscal 2026 (Q1 FY26), -26% from a year earlier and -81% from the quarter before.
Was MSG Knickerbockers profitable in the first quarter fiscal 2026?
Operating loss was $27.4M (-69.5% of revenue) and net loss $8.8M.
Source: MSG Knickerbockers 10-Q on SEC EDGAR.