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Sphere Entertainment cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$56.9M in Q3 2026 · $340M over twelve months

Operating cash flow$56.9M
Free cash flow+$56.9M

Analysis

In Q3 2026, Sphere Entertainment generated $56.9M of operating cash flow. That is $59.0M less than in Q3 2025 ($116M).

Over the twelve months to Sep 30, 2026, operating cash flow was $340M; the largest uses were other financing ($107M), other investing ($78.4M), taxes on employees’ shares ($41.5M); besides operations, cash came from shares issued ($17.4M), buybacks ($16K); the cash balance rose by $129M.

Operating cash flow was $56.9M against net income of −$176M. The largest differences: impairments +$178M, depreciation & amortization +$83.4M, deferred taxes −$68.8M.

Free cash flow

Sphere Entertainment: free cash flow by quarterSphere Entertainment: free cash flow by quarter$6.7MQ4 2024$6.3MQ1 2025−$59.1MQ2 2025$116MQ3 2025$180MQ4 2025$136MQ1 2026−$33.7MQ2 2026$56.9MQ3 2026
Operating cash flow less capital spending.
Sphere Entertainment: operating cash flow against capital spendingSphere Entertainment: operating cash flow against capital spendingOperating cash flowCapital spending$6.7M$0Q4 2024$6.3M$0Q1 2025−$59.1M$0Q2 2025$116M$0Q3 2025$180M$0Q4 2025$136M$0Q1 2026−$33.7M$0Q2 2026$56.9M$0Q3 2026
Latest (Q3 2026): Operating cash flow $56.9M, Capital spending $0.

Cash runway and the debt wall

Cash & investments$527M
Debt$639M
Net debt$112M
Due within a year$45.5M

Sphere Entertainment funds itself: free cash flow was $340M over the last twelve months, and $527M of cash and investments stands against $639M of debt ($45.5M due within a year, 11.6× covered by cash).

Sphere Entertainment: debt maturities by year (FY2025)Sphere Entertainment: debt maturities by year (FY2025)$45.5MYear 1$315MYear 2$299MYear 3$33.5MYear 4
Principal due in each year as disclosed in the annual report, against $527M of cash and investments now.

Where the cash came from and went

Sphere Entertainment: sources (+) and uses (−) of cash, Q3 2026Sphere Entertainment: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$56.9MOther investing−$43.5MTaxes on employees’ shares−$29.8MCash drawn (+) / kept (−)$24.7MOther financing−$12.6MShares issued$4.5MExchange rates−$149K
Sphere Entertainment: sources (+) and uses (−) of cash, TTM to Q3 2026Sphere Entertainment: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$340MCash drawn (+) / kept (−)−$129MOther financing−$107MOther investing−$78.4MTaxes on employees’ shares−$41.5MShares issued$17.4MExchange rates−$883KBuybacks$16K

From profit to cash

Sphere Entertainment: net income to operating cash flow, Q3 2026Sphere Entertainment: net income to operating cash flow, Q3 2026Net income−$176MDepreciation & amortization$83.4MStock-based pay$14.7MDeferred taxes−$68.8MImpairments$178MOther non-cash$182KReceivables−$6.6MPayables$22.5MAccrued liabilities$9.6MDeferred revenue$33.0MPrepaid and other assets−$49.5MOperating cash flow$56.9M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowBuybacksShares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$56.9M—$4.5M$24.7M$56.9M
Q2 2026−$33.7M—$4.5M$78.1M−$33.7M
Q1 2026$136M—$2.5M−$109M$136M
Q4 2025$180M$16K$5.9M−$123M$180M
Q3 2025$116M—$595K−$29.3M$116M
Q2 2025−$59.1M——$109M−$59.1M
Q1 2025$6.3M——$37.4M$6.3M
Q4 2024$6.7M——$37.6M$6.7M

Sphere Entertainment: income statement and cash flow

Sphere Entertainment, Q3 2026: revenue $274M (+4% year over year), operating margin -87.7%. The chart follows the revenue to costs, profit and cash.

Sphere Entertainment: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.