Atlanta Braves (BATRK) | Financial Analysis & Statements
Atlanta Braves Holdings, Inc. Mid-cap Communication Services
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Dec 2025Income Metrics
Revenue
61.3M
Gross Profit
30.0M
48.86%
Operating Income
-19.7M
-32.07%
Net Income
-41.5M
-67.67%
EPS (Diluted)
$-0.66
Balance Sheet Metrics
Total Assets
1.6B
Total Liabilities
1.1B
Shareholders Equity
538.2M
Debt to Equity
2.00
Cash Flow Metrics
Operating Cash Flow
-25.7M
Free Cash Flow
19.0M
Revenue & Profitability Trend
Quarter Income Flow
Dec 31, 2025
Annual Income Flow
2025
Atlanta Braves Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 732.5M | 662.7M | 640.7M | 588.6M | 568.0M |
| Cost of Goods Sold | 511.4M | 513.9M | 491.2M | 436.5M | - |
| Gross Profit | 221.1M | 148.8M | 149.4M | 152.1M | - |
| Gross Margin % | 30.2% | 22.5% | 23.3% | 25.8% | 0.0% |
| Operating Expenses | |||||
| Research & Development | - | - | - | - | - |
| Selling, General & Administrative | 128.9M | 125.7M | 124.3M | 105.5M | 99.0M |
| Other Operating Expenses | - | - | - | 434.0M | 377.0M |
| Total Operating Expenses | 128.9M | 125.7M | 124.3M | 539.5M | 476.0M |
| Operating Income | 16.6M | -39.7M | -45.9M | -25.2M | 20.0M |
| Operating Margin % | 2.3% | -6.0% | -7.2% | -4.3% | 3.5% |
| Non-Operating Items | |||||
| Interest Income | - | - | - | - | - |
| Interest Expense | 46.4M | 38.8M | 37.7M | 29.6M | 24.0M |
| Other Non-Operating Income | 5.7M | 42.5M | -45.6M | 23.2M | 1.0M |
| Pre-tax Income | -24.1M | -35.9M | -129.2M | -31.5M | -3.0M |
| Income Tax | -831.0K | -4.7M | -3.9M | 2.7M | 8.0M |
| Effective Tax Rate % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net Income | -23.3M | -31.3M | -125.3M | -34.2M | -11.0M |
| Net Margin % | -3.2% | -4.7% | -19.6% | -5.8% | -1.9% |
| Key Metrics | |||||
| EBITDA | 129.1M | 62.3M | 58.6M | 77.1M | 121.0M |
| EPS (Basic) | $-0.37 | $-0.50 | $-2.03 | $-0.55 | $-0.21 |
| EPS (Diluted) | $-0.37 | $-0.50 | $-2.03 | $-0.55 | $-0.21 |
| Basic Shares Outstanding | 62754000 | 62536000 | 61735000 | 62130909 | 52789721 |
| Diluted Shares Outstanding | 62754000 | 62536000 | 61735000 | 62130909 | 52789721 |
Income Statement Trend
Join Our United States Telegram Channel
Get Instant Market Updates: 52-Week High/Low Alerts, Breakout Notifications & Expert Stock Analysis Delivered To Your Phone. Join Traders Making Informed Decisions Daily!
Atlanta Braves Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 99.9M | 110.1M | 125.1M | 150.7M | 142.0M |
| Short-term Investments | - | - | - | - | - |
| Accounts Receivable | 33.6M | 50.0M | 62.9M | 70.2M | 40.0M |
| Inventory | - | - | - | - | - |
| Other Current Assets | 13.6M | 16.6M | 17.4M | 24.3M | 148.0M |
| Total Current Assets | 158.7M | 179.1M | 218.0M | 267.4M | 330.0M |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | - |
| Goodwill | 475.2M | 475.2M | 475.2M | 475.2M | 524.0M |
| Intangible Assets | 123.7M | 123.7M | 123.7M | 123.7M | 164.0M |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | 171.1M | 129.0M | 120.9M | 99.5M | 75.0M |
| Total Non-Current Assets | 1.5B | 1.3B | 1.3B | 1.2B | 1.3B |
| Total Assets | 1.6B | 1.5B | 1.5B | 1.5B | 1.6B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 43.5M | 63.7M | 73.1M | 54.7M | 66.0M |
| Short-term Debt | 215.3M | 104.2M | 42.2M | 74.8M | 12.0M |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | 8.4M | 6.9M | 6.4M | 6.4M | 6.0M |
| Total Current Liabilities | 377.0M | 286.7M | 233.7M | 240.9M | 136.0M |
| Non-Current Liabilities | |||||
| Long-term Debt | 621.8M | 616.8M | 630.7M | 574.4M | 685.0M |
| Deferred Tax Liabilities | 41.3M | 43.5M | 50.4M | 54.1M | 65.0M |
| Other Non-Current Liabilities | 34.8M | 34.1M | 33.7M | 306.4M | 454.0M |
| Total Non-Current Liabilities | 699.7M | 701.0M | 730.0M | 950.2M | 1.2B |
| Total Liabilities | 1.1B | 987.6M | 963.7M | 1.2B | 1.3B |
| Equity | |||||
| Common Stock | 627.0K | 624.0K | 619.0K | 0 | 5.0M |
| Retained Earnings | -609.0M | -585.6M | -554.4M | -429.1M | 12.7B |
| Treasury Stock | - | - | - | - | - |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 538.2M | 536.2M | 540.6M | 299.5M | 296.0M |
| Key Metrics | |||||
| Total Debt | 837.2M | 721.0M | 672.9M | 649.2M | 697.0M |
| Working Capital | -218.3M | -107.5M | -15.7M | 26.5M | 194.0M |
Balance Sheet Composition
Atlanta Braves Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | -23.3M | -31.3M | -125.3M | -34.2M | -11.0M |
| Depreciation & Amortization | 75.6M | 62.8M | 71.0M | 71.7M | 72.0M |
| Stock-Based Compensation | 15.6M | 16.5M | 13.2M | 12.2M | 12.0M |
| Working Capital Changes | -57.0M | -15.8M | -42.8M | 9.9M | -44.0M |
| Operating Cash Flow | 15.0M | 52.2M | -90.5M | 51.6M | 57.0M |
| Investing Activities | |||||
| Capital Expenditures | - | - | - | - | - |
| Acquisitions | 0 | -334.0K | -125.0K | -5.3M | 0 |
| Investment Purchases | - | - | - | - | - |
| Investment Sales | - | - | - | 48.0M | 2.0M |
| Investing Cash Flow | 6.0K | -294.0K | -15.0K | 118.2M | 10.0M |
| Financing Activities | |||||
| Share Repurchases | - | - | - | -395.0M | 0 |
| Dividends Paid | - | - | - | 0 | 0 |
| Debt Issuance | 158.2M | 144.9M | 83.0M | 154.8M | 117.0M |
| Debt Repayment | -41.5M | -102.4M | -56.2M | -309.6M | -93.0M |
| Financing Cash Flow | 109.7M | 44.6M | 32.3M | -572.2M | 22.0M |
| Free Cash Flow | -26.1M | -69.4M | -67.4M | 35.7M | 27.0M |
| Net Change in Cash | 124.7M | 96.5M | -58.2M | -402.4M | 89.0M |
Cash Flow Trend
Atlanta Braves Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
-134.38
Forward P/E
153.56
Price to Book
5.80
Price to Sales
4.24
PEG Ratio
-1.19
Profitability Ratios
Profit Margin
-3.19%
Operating Margin
-29.06%
Return on Equity
-4.33%
Return on Assets
0.74%
Financial Health
Current Ratio
0.42
Debt to Equity
157.05
Beta
0.75
Per Share Data
EPS (TTM)
$-0.37
Book Value per Share
$8.33
Revenue per Share
$11.67
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| BATRK | 3.2B | -134.38 | 5.80 | -4.33% | -3.19% | 157.05 |
| Netflix | 391.9B | 29.97 | 14.74 | 48.49% | 28.52% | 53.79 |
| Walt Disney | 183.8B | 15.36 | 1.71 | 12.02% | 12.80% | 40.91 |
| Endeavor | 9.5B | 42.29 | 2.28 | -4.88% | -11.00% | 63.00 |
| Sirius XM Holdings | 8.8B | 12.23 | 0.76 | 7.11% | 9.41% | 86.33 |
| Liberty Media | 8.5B | 313.48 | - | 320.50% | -22.77% | -61.42 |
Financial data is updated regularly. All figures are in the company's reporting currency.






