TKO Group (TKO) Financials

$183.70 +0.38 (+0.20%)

Closing price 05/13/2026 03:59 PM Eastern

Extended Trading

$185.16 +1.46 (+0.79%)

As of 05:14 AM Eastern

Annual Income Statements for TKO Group

This table shows TKO Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	0.00	0.00	-35	9.41	195
Consolidated Net Income / (Loss)	274	389	143	-246	546
Net Income / (Loss) Continuing Operations	274	389	143	-246	546
Total Pre-Tax Income	289	404	167	-210	607
Total Operating Income	391	544	376	31	835
Total Gross Profit	1,032	1,140	3,225	4,884	4,735
Total Revenue	1,032	1,140	3,225	4,884	4,735
Operating Revenue	1,032	1,140	3,225	4,884	4,735
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	641	596	2,849	4,853	3,900
Selling, General & Admin Expense	242	210	1,027	1,772	1,512
Depreciation Expense	63	60	224	458	485
Other Operating Expenses / (Income)	336	326	1,577	2,624	1,903
Impairment Charge	-	-	22	0.00	0.00
Total Other Income / (Expense), net	-102	-141	-209	-241	-228
Interest Expense	102	140	230	236	203
Other Income / (Expense), net	0.50	-1.27	21	-5.36	-26
Income Tax Expense	16	14	33	37	74
Other Gains / (Losses), net	0.00	-0.21	9.21	1.78	13
Net Income / (Loss) Attributable to Noncontrolling Interest	1.29	1.75	-80	-255	351
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	272	387	259	0.00	0.00
Basic Earnings per Share	$0.00	$0.00	($0.43)	$0.12	$2.42
Weighted Average Basic Shares Outstanding	0.00	0.00	82.81M	81.34M	80.82M
Diluted Earnings per Share	$0.00	$0.00	($0.43)	$0.02	$2.26
Weighted Average Diluted Shares Outstanding	0.00	0.00	82.81M	171.87M	194.01M
Weighted Average Basic & Diluted Shares Outstanding	-	-	171.94M	171.17M	194.12M

This table shows TKO Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-22	-13	-104	59	23	31	58	98	41	-2.38	89
Consolidated Net Income / (Loss)	22	-16	-234	46	3.43	48	166	273	107	0.85	250
Net Income / (Loss) Continuing Operations	22	-16	-234	46	3.43	48	166	273	107	0.85	250
Total Pre-Tax Income	33	-2.35	-243	52	7.61	44	184	312	118	-7.79	282
Total Operating Income	94	63	-174	115	35	102	237	368	172	57	338
Total Gross Profit	449	614	1,222	1,193	1,541	642	1,269	1,308	1,120	1,038	1,597
Total Revenue	449	614	1,222	1,193	1,541	642	1,269	1,308	1,120	1,038	1,597
Operating Revenue	449	614	1,222	1,193	1,541	642	1,269	1,308	1,120	1,038	1,597
Total Cost of Revenue	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Operating Expenses	355	551	1,396	1,078	1,506	540	1,031	940	948	981	1,258
Selling, General & Admin Expense	193	236	668	368	380	225	363	364	379	405	380
Depreciation Expense	32	103	122	119	115	84	101	99	129	156	144
Other Operating Expenses / (Income)	130	212	606	591	1,012	232	568	476	440	420	734
Total Other Income / (Expense), net	-61	-65	-69	-63	-27	-58	-53	-56	-54	-65	-56
Interest Expense	61	67	61	63	59	56	45	48	51	59	61
Other Income / (Expense), net	-0.70	1.37	-8.23	-0.20	32	-1.32	-8.39	-7.84	-3.18	-6.26	4.23
Income Tax Expense	11	14	-5.73	6.61	2.87	-6.12	21	46	13	-6.65	34
Other Gains / (Losses), net	0.67	0.04	2.81	1.12	-1.31	-2.98	2.52	7.31	1.62	1.98	1.64
Net Income / (Loss) Attributable to Noncontrolling Interest	-22	-11	-131	-13	-20	16	107	175	66	3.22	160
Basic Earnings per Share	($0.26)	($0.17)	($1.26)	$0.73	$0.29	$0.36	$0.72	$1.20	$0.50	-	$1.16
Weighted Average Basic Shares Outstanding	83.16M	82.81M	82.35M	80.88M	80.97M	81.34M	81.57M	81.76M	81.52M	80.82M	77.33M
Diluted Earnings per Share	($0.26)	($0.17)	($1.26)	$0.72	$0.28	$0.28	$0.69	$1.17	$0.47	($0.07)	$1.12
Weighted Average Diluted Shares Outstanding	83.16M	82.81M	82.35M	81.85M	171.60M	171.87M	181.52M	199.28M	199.06M	194.01M	194.63M
Weighted Average Basic & Diluted Shares Outstanding	-	171.94M	170.31M	170.64M	170.77M	171.17M	197.91M	198.30M	195.08M	194.12M	191.13M

This table details how cash moves in and out of TKO Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	592	-694	56	306	508
Net Cash From Operating Activities	441	502	266	586	1,286
Net Cash From Continuing Operating Activities	441	502	266	586	1,286
Net Income / (Loss) Continuing Operations	274	389	143	-246	546
Consolidated Net Income / (Loss)	274	389	143	-246	546
Depreciation Expense	63	60	224	458	485
Amortization Expense	18	25	36	38	29
Non-Cash Adjustments To Reconcile Net Income	61	30	62	153	173
Changes in Operating Assets and Liabilities, net	25	-2.08	-198	183	52
Net Cash From Investing Activities	-11	-13	-36	-117	-147
Net Cash From Continuing Investing Activities	-11	-13	-36	-117	-147
Purchase of Property, Plant & Equipment	-11	-12	-94	-119	-127
Acquisitions	-	-	0.00	0.00	-8.68
Purchase of Investments	-0.50	-0.88	-2.86	-35	-31
Sale of Property, Plant & Equipment	0.15	0.02	0.00	28	5.80
Divestitures	0.00	0.00	381	0.00	0.00
Sale and/or Maturity of Investments	-	-	0.00	0.00	1.91
Other Investing Activities, net	0.00	0.00	-321	8.34	12
Net Cash From Financing Activities	163	-1,181	-174	-155	-636
Net Cash From Continuing Financing Activities	163	-1,181	-174	-155	-636
Repayment of Debt	-213	-83	-177	-2,951	-74
Repurchase of Common Equity	0.00	0.00	-100	-165	-867
Payment of Dividends	-269	-1,096	-0.84	-1.24	-641
Issuance of Debt	594	0.00	143	2,950	1,052
Other Financing Activities, net	50	-2.88	-39	12	-107
Effect of Exchange Rate Changes	0.23	-1.19	-0.24	-7.65	4.76
Cash Interest Paid	84	118	227	268	215
Cash Income Taxes Paid	19	15	26	99	57

This table details how cash moves in and out of TKO Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	16	47	-27	32	180	68	-49	229	315	13	540
Net Cash From Operating Activities	67	221	45	231	237	57	163	396	417	310	695
Net Cash From Continuing Operating Activities	67	221	45	231	237	57	163	396	417	310	695
Net Income / (Loss) Continuing Operations	22	-16	-234	151	58	48	166	273	107	0.85	250
Consolidated Net Income / (Loss)	22	-16	-234	151	58	48	166	273	107	0.85	250
Depreciation Expense	32	103	122	104	98	84	101	99	129	156	144
Amortization Expense	7.95	13	11	9.55	8.42	7.26	6.83	8.04	8.05	6.09	7.57
Non-Cash Adjustments To Reconcile Net Income	32	21	20	71	30	-44	43	53	50	27	57
Changes in Operating Assets and Liabilities, net	-26	100	126	-104	42	-38	-154	-37	123	120	236
Net Cash From Investing Activities	57	-35	-55	-12	-17	6.09	-31	-19	-24	-73	-21
Net Cash From Continuing Investing Activities	57	-35	-55	-12	-17	6.09	-31	-19	-24	-73	-21
Purchase of Property, Plant & Equipment	-3.36	-36	-37	-12	-11	-20	-27	-21	-18	-60	-20
Acquisitions	-	-	-	-	-	-	0.00	-	-	-	0.00
Purchase of Investments	-	0.77	-16	0.04	-17	-1.93	-11	-2.75	-2.50	-14	-1.97
Sale of Property, Plant & Equipment	-	-	0.09	-	-	28	5.80	-	-	-	0.08
Sale and/or Maturity of Investments	-	-	0.00	-	-	-	1.50	-	-	0.41	0.39
Other Investing Activities, net	-	-	-1.34	-	-	-	0.00	5.41	5.03	1.24	0.00
Net Cash From Financing Activities	-107	-139	-13	-189	-40	7.33	-186	-160	-64	-226	-128
Net Cash From Continuing Financing Activities	-107	-139	-13	-189	-40	7.33	-186	-160	-64	-226	-128
Repayment of Debt	-8.19	-109	-10	-162	-12	-2,717	-11	-9.75	-36	-17	-32
Repurchase of Common Equity	-	-100	-	-165	-	-	0.00	-	-826	-41	-838
Payment of Dividends	-99	-36	-0.23	-12	-29	-25	-75	-154	-209	-202	-149
Issuance of Debt	-	100	-	-	-	2,750	0.00	-	1,018	34	900
Other Financing Activities, net	-	5.81	-2.93	-	-	-	-99	3.23	-11	-	-8.09
Effect of Exchange Rate Changes	-0.82	1.03	-3.83	1.76	0.47	-2.11	5.20	12	-14	1.78	-5.26
Cash Interest Paid	56	67	64	66	60	77	53	50	64	48	63
Cash Income Taxes Paid	4.81	11	6.47	10	30	43	11	21	15	11	22

This table presents TKO Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024	2025
Period end date	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	3,581	12,691	15,112	15,496
Total Current Assets	268	492	1,528	2,329
Cash & Equivalents	181	236	620	831
Restricted Cash	-	-	58	355
Accounts Receivable	45	135	423	558
Other Current Assets	42	121	427	585
Plant, Property, & Equipment, net	175	608	630	640
Total Noncurrent Assets	3,137	11,590	12,953	12,527
Long-Term Investments	5.42	16	101	132
Noncurrent Note & Lease Receivables	0.00	256	249	232
Goodwill	2,603	7,666	8,442	8,445
Intangible Assets	476	3,564	3,650	3,328
Other Noncurrent Operating Assets	54	88	512	391
Total Liabilities & Shareholders' Equity	3,581	12,691	15,112	15,496
Total Liabilities	3,002	3,840	4,969	6,246
Total Current Liabilities	230	472	1,414	1,847
Short-Term Debt	23	22	27	38
Accounts Payable	17	42	246	195
Accrued Expenses	108	267	670	526
Current Deferred Revenue	72	119	417	663
Other Current Liabilities	11	21	54	425
Total Noncurrent Liabilities	2,772	3,368	3,555	4,399
Long-Term Debt	2,736	2,714	2,735	3,724
Noncurrent Deferred & Payable Income Tax Liabilities	0.00	373	361	302
Other Noncurrent Operating Liabilities	35	281	459	373
Commitments & Contingencies	-	0.00	0.00	0.00
Redeemable Noncontrolling Interest	9.91	12	22	34
Total Equity & Noncontrolling Interests	569	8,839	10,121	9,216
Total Preferred & Common Equity	569	4,109	4,091	3,737
Total Common Equity	569	4,109	4,091	3,737
Common Stock	568	4,245	4,385	4,552
Retained Earnings	0.00	-135	-292	-797
Accumulated Other Comprehensive Income / (Loss)	0.85	-0.33	-2.55	-17
Noncontrolling Interest	0.00	4,730	6,030	5,478

This table presents TKO Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	12,722	12,720	12,770	15,010	15,342	15,547	16,023
Total Current Assets	582	749	894	1,519	1,913	2,212	2,935
Cash & Equivalents	246	278	457	471	535	861	789
Restricted Cash	-	-	-	159	323	312	937
Accounts Receivable	172	295	251	472	634	583	760
Other Current Assets	164	177	186	417	421	456	448
Plant, Property, & Equipment, net	612	548	528	621	606	597	635
Total Noncurrent Assets	11,529	11,423	11,348	12,870	12,822	12,738	12,453
Long-Term Investments	16	16	33	111	123	123	134
Noncurrent Note & Lease Receivables	260	236	233	243	237	236	255
Goodwill	7,666	7,665	7,664	8,442	8,443	8,445	8,445
Intangible Assets	3,483	3,402	3,325	3,591	3,528	3,453	3,212
Other Noncurrent Operating Assets	104	103	93	483	492	480	408
Total Liabilities & Shareholders' Equity	12,722	12,720	12,770	15,010	15,342	15,547	16,023
Total Liabilities	4,092	4,092	4,095	4,815	4,979	6,098	7,496
Total Current Liabilities	590	753	763	1,219	1,476	1,519	2,192
Short-Term Debt	22	22	22	27	27	36	46
Accounts Payable	23	32	32	214	284	266	211
Accrued Expenses	406	571	613	499	394	445	429
Current Deferred Revenue	112	100	68	396	439	508	552
Other Current Liabilities	28	28	28	84	332	265	954
Total Noncurrent Liabilities	3,501	3,338	3,331	3,596	3,503	4,578	5,304
Long-Term Debt	2,708	2,703	2,697	2,729	2,722	3,701	4,594
Noncurrent Deferred & Payable Income Tax Liabilities	373	373	373	335	337	336	301
Other Noncurrent Operating Liabilities	420	263	261	533	443	541	409
Commitments & Contingencies	-	-	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	12	13	14	22	22	22	34
Total Equity & Noncontrolling Interests	8,618	8,615	8,662	10,173	10,341	9,427	8,492
Total Preferred & Common Equity	4,035	3,992	4,045	4,162	4,265	3,821	3,376
Total Common Equity	4,035	3,992	4,045	4,162	4,265	3,821	3,376
Common Stock	4,276	4,339	4,370	4,418	4,411	4,591	4,781
Retained Earnings	-239	-346	-323	-231	-130	-752	-1,384
Accumulated Other Comprehensive Income / (Loss)	-2.06	-1.17	-3.00	-25	-16	-18	-21
Noncontrolling Interest	4,583	4,623	4,618	6,011	6,076	5,606	5,116

This table displays calculated financial ratios and metrics derived from TKO Group's official financial filings.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-
Revenue Growth	0.00%	10.49%	46.91%	67.43%	-3.05%
EBITDA Growth	0.00%	32.73%	2.73%	10.30%	153.77%
EBIT Growth	0.00%	38.68%	-17.79%	-36.51%	3,063.12%
NOPAT Growth	0.00%	41.98%	-27.83%	-81.21%	3,285.94%
Net Income Growth	0.00%	42.17%	-54.83%	-96.37%	322.36%
EPS Growth	0.00%	0.00%	0.00%	104.65%	11,200.00%
Operating Cash Flow Growth	0.00%	13.71%	-6.65%	24.56%	119.38%
Free Cash Flow Firm Growth	0.00%	0.00%	-197.09%	106.22%	251.34%
Invested Capital Growth	0.00%	0.00%	259.62%	-3.66%	-3.56%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	1.02%	86.04%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	1.62%	-7.87%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	14.71%	-22.31%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	-58.29%	-22.89%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	111.14%	-25.84%
EPS Q/Q Growth	0.00%	0.00%	0.00%	104.65%	-13.41%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	-21.93%	24.92%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	3,521.66%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.14%	-1.64%
Profitability Metrics	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	45.87%	55.11%	38.54%	25.39%	27.95%
Operating Margin	37.90%	47.75%	26.67%	10.09%	17.63%
EBIT Margin	37.95%	47.64%	26.66%	10.11%	17.09%
Profit (Net Income) Margin	26.52%	34.12%	10.49%	0.23%	11.54%
Tax Burden Percent	94.55%	96.40%	84.71%	18.56%	90.05%
Interest Burden Percent	73.89%	74.30%	46.46%	12.12%	74.95%
Effective Tax Rate	5.45%	3.55%	15.16%	74.84%	12.16%
Return on Invested Capital (ROIC)	0.00%	33.32%	5.23%	0.64%	6.16%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	22.74%	-2.81%	-2.13%	-2.30%
Return on Net Nonoperating Assets (RNNOA)	0.00%	101.10%	-1.50%	-0.57%	-0.52%
Return on Equity (ROE)	0.00%	134.42%	3.73%	0.07%	5.63%
Cash Return on Invested Capital (CROIC)	0.00%	-166.68%	-107.74%	4.37%	9.78%
Operating Return on Assets (OROA)	0.00%	15.17%	5.49%	2.23%	5.29%
Return on Assets (ROA)	0.00%	10.86%	2.16%	0.05%	3.57%
Return on Common Equity (ROCE)	0.00%	132.12%	1.85%	0.03%	2.27%
Return on Equity Simple (ROE_SIMPLE)	0.00%	68.38%	4.28%	0.16%	0.00%
Net Operating Profit after Tax (NOPAT)	370	525	379	71	733
NOPAT Margin	35.84%	46.05%	22.62%	2.54%	15.49%
Net Nonoperating Expense Percent (NNEP)	0.00%	10.58%	8.04%	2.77%	8.46%
Return On Investment Capital (ROIC_SIMPLE)	-	15.78%	3.27%	0.62%	5.65%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	23.45%	18.43%	32.78%	43.82%	31.93%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	62.10%	52.25%	73.33%	89.91%	82.37%
Earnings before Interest and Taxes (EBIT)	392	543	446	283	809
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	473	628	645	712	1,323
Valuation Ratios	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	5.93	10.91
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.00	0.00	0.00	8.65	8.61
Price to Earnings (P/E)	0.00	0.00	0.00	2,579.47	208.66
Dividend Yield	0.00%	0.00%	4.73%	0.00%	1.10%
Earnings Yield	0.00%	0.00%	0.00%	0.04%	0.48%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	2.85	4.17
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	11.09	10.29
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	43.68	36.82
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	109.70	60.21
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	436.81	66.44
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	53.30	37.90
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	64.02	41.84
Leverage & Solvency	-	-	-	-	-
Debt to Equity	0.00	4.77	0.31	0.32	0.41
Long-Term Debt to Equity	0.00	4.73	0.31	0.31	0.40
Financial Leverage	0.00	4.45	0.54	0.27	0.23
Leverage Ratio	0.00	6.19	1.73	1.45	1.58
Compound Leverage Factor	0.00	4.60	0.80	0.18	1.18
Debt to Total Capital	0.00%	82.66%	23.62%	24.04%	28.91%
Short-Term Debt to Total Capital	0.00%	0.68%	0.19%	0.23%	0.29%
Long-Term Debt to Total Capital	0.00%	81.98%	23.42%	23.81%	28.62%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.30%	40.92%	40.32%	42.37%
Common Equity to Total Capital	0.00%	17.04%	35.46%	35.64%	28.72%
Debt to EBITDA	0.00	4.39	4.24	3.88	2.84
Net Debt to EBITDA	0.00	4.10	3.85	3.09	1.85
Long-Term Debt to EBITDA	0.00	4.36	4.20	3.84	2.81
Debt to NOPAT	0.00	5.25	7.22	38.76	5.13
Net Debt to NOPAT	0.00	4.90	6.56	30.92	3.33
Long-Term Debt to NOPAT	0.00	5.21	7.16	38.39	5.08
Altman Z-Score	0.00	0.00	0.00	3.94	4.36
Noncontrolling Interest Sharing Ratio	0.00%	1.71%	50.39%	53.33%	59.63%
Liquidity Ratios	-	-	-	-	-
Current Ratio	0.00	1.17	1.04	1.30	1.26
Quick Ratio	0.00	0.98	0.79	1.06	0.75
Cash Flow Metrics	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-2,627	-7,804	486	1,165
Operating Cash Flow to CapEx	4,018.17%	4,049.75%	963.09%	1,252.38%	1,061.21%
Free Cash Flow to Firm to Interest Expense	0.00	-18.82	-32.65	1.95	5.74
Operating Cash Flow to Interest Expense	4.32	3.59	1.96	2.34	6.34
Operating Cash Flow Less CapEx to Interest Expense	4.21	3.51	1.76	2.15	5.74
Efficiency Ratios	-	-	-	-	-
Asset Turnover	0.00	0.32	0.21	0.22	0.31
Accounts Receivable Turnover	0.00	25.09	18.52	17.56	9.65
Inventory Turnover	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	6.51	4.28	4.91	7.46
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	14.55	19.71	20.79	37.82
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	14.55	19.71	20.79	37.82
Capital & Investment Metrics	-	-	-	-	-
Invested Capital	0.00	3,152	11,335	10,920	11,695
Invested Capital Turnover	0.00	0.72	0.23	0.25	0.40
Increase / (Decrease) in Invested Capital	0.00	3,152	8,183	-415	-431
Enterprise Value (EV)	0.00	0.00	0.00	31,097	48,729
Market Capitalization	0.00	0.00	0.00	24,268	40,772
Book Value per Share	$0.00	$0.00	$49.62	$23.96	$19.16
Tangible Book Value per Share	$0.00	$0.00	($86.00)	($40.04)	($41.19)
Total Capital	0.00	3,338	11,587	11,478	13,012
Total Debt	0.00	2,759	2,736	2,759	3,762
Total Long-Term Debt	0.00	2,736	2,714	2,733	3,724
Net Debt	0.00	2,573	2,484	2,202	2,445
Capital Expenditures (CapEx)	11	12	49	47	121
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-120	-193	-300	-666
Debt-free Net Working Capital (DFNWC)	0.00	61	43	225	520
Net Working Capital (NWC)	0.00	38	20	199	482
Net Nonoperating Expense (NNE)	96	136	203	65	187
Net Nonoperating Obligations (NNO)	0.00	2,573	2,484	2,202	2,445
Total Depreciation and Amortization (D&A)	82	85	199	428	514
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-10.50%	-11.53%	-10.70%	-14.07%
Debt-free Net Working Capital to Revenue	0.00%	5.33%	2.55%	8.04%	10.98%
Net Working Capital to Revenue	0.00%	3.34%	1.21%	7.09%	10.18%
Earnings Adjustments	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($0.43)	$0.12	$2.42
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	82.81M	81.34M	80.82M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($0.43)	$0.02	$2.26
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	82.81M	171.87M	194.01M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	171.94M	171.17M	194.12M
Normalized Net Operating Profit after Tax (NOPAT)	370	525	379	198	733
Normalized NOPAT Margin	35.84%	46.05%	22.62%	7.06%	15.49%
Pre Tax Income Margin	28.04%	35.39%	12.38%	1.22%	12.81%
Debt Service Ratios	-	-	-	-	-
EBIT to Interest Expense	3.83	3.89	1.87	1.14	3.99
NOPAT to Interest Expense	3.62	3.76	1.59	0.29	3.62
EBIT Less CapEx to Interest Expense	3.72	3.80	1.66	0.95	3.39
NOPAT Less CapEx to Interest Expense	3.51	3.67	1.38	0.10	3.02
Payout Ratios	-	-	-	-	-
Dividend Payout Ratio	98.34%	281.71%	168.78%	1,054.67%	117.30%
Augmented Payout Ratio	98.34%	281.71%	225.69%	3,642.09%	275.98%

This table displays calculated financial ratios and metrics derived from TKO Group's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	194,124,953.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	194,124,953.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.46
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	105.30%	178.90%	51.71%	4.59%	3.79%	9.66%	-27.31%	11.86%	25.86%
EBITDA Growth	0.00%	0.00%	-155.58%	123.62%	83.99%	6.29%	789.71%	92.02%	60.25%	57.12%	46.90%
EBIT Growth	0.00%	0.00%	-244.50%	78.41%	47.90%	56.58%	225.94%	214.40%	151.76%	98.86%	49.67%
NOPAT Growth	0.00%	0.00%	-204.94%	45.17%	68.90%	163.55%	272.89%	212.97%	610.27%	4.26%	41.72%
Net Income Growth	0.00%	0.00%	-383.70%	84.06%	162.13%	395.02%	170.61%	491.34%	3,014.32%	101.39%	50.88%
EPS Growth	0.00%	0.00%	0.00%	0.00%	207.69%	264.71%	154.76%	62.50%	67.86%	-125.00%	62.32%
Operating Cash Flow Growth	0.00%	0.00%	-14.87%	107.88%	253.16%	-74.25%	262.86%	29.01%	134.18%	452.29%	326.56%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	91.97%	93.09%	92.36%	162.62%	233.38%
Invested Capital Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-3.66%	10.01%	9.68%	9.04%	-3.56%	-7.40%
Revenue Q/Q Growth	47.14%	36.73%	0.00%	35.17%	-19.96%	-5.74%	97.57%	3.12%	-14.41%	-7.31%	53.84%
EBITDA Q/Q Growth	-19.55%	35.73%	0.00%	496.71%	-33.80%	-21.59%	75.56%	39.12%	-34.61%	-30.34%	131.82%
EBIT Q/Q Growth	-35.02%	-31.02%	0.00%	221.42%	-46.13%	-26.97%	127.60%	57.42%	-53.18%	-69.71%	570.37%
NOPAT Q/Q Growth	-55.67%	-28.59%	0.00%	237.08%	-48.43%	11.43%	81.10%	49.23%	-51.09%	-73.80%	641.16%
Net Income Q/Q Growth	-73.10%	-173.12%	0.00%	160.38%	-61.69%	-17.71%	248.53%	64.96%	-60.90%	-99.21%	29,391.50%
EPS Q/Q Growth	0.00%	34.62%	0.00%	157.14%	-61.11%	0.00%	146.43%	69.57%	-59.83%	-114.89%	1,700.00%
Operating Cash Flow Q/Q Growth	-39.65%	229.56%	0.00%	288.80%	2.53%	-75.97%	186.47%	143.34%	5.19%	-25.64%	124.11%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	3.46%	0.53%	104.91%	-269.77%	15.92%	-9.85%	156.66%	154.88%
Invested Capital Q/Q Growth	0.00%	0.00%	-2.08%	-0.36%	-1.40%	0.14%	11.81%	-0.65%	-1.98%	-1.64%	-3.32%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	29.57%	29.35%	-14.77%	43.36%	35.86%	29.83%	26.51%	35.76%	27.32%	20.53%	30.94%
Operating Margin	20.90%	10.24%	-33.40%	29.95%	20.02%	15.87%	18.71%	28.15%	15.36%	5.53%	21.20%
EBIT Margin	20.74%	10.46%	-33.45%	30.04%	20.22%	15.67%	18.05%	27.55%	15.07%	4.93%	21.46%
Profit (Net Income) Margin	4.90%	-2.62%	-39.62%	17.70%	8.47%	7.40%	13.05%	20.87%	9.54%	0.08%	15.64%
Tax Burden Percent	67.74%	684.28%	90.70%	79.31%	76.85%	107.09%	89.87%	87.46%	90.55%	-10.88%	88.54%
Interest Burden Percent	34.90%	-3.66%	130.61%	74.29%	54.52%	44.09%	80.45%	86.63%	69.88%	-15.23%	82.33%
Effective Tax Rate	34.32%	0.00%	0.00%	20.83%	23.67%	-13.80%	11.50%	14.88%	10.83%	0.00%	12.04%
Return on Invested Capital (ROIC)	0.00%	1.06%	-8.42%	10.91%	7.78%	4.55%	4.05%	6.13%	3.06%	1.54%	8.03%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-1.36%	-16.70%	6.70%	3.62%	1.63%	2.06%	4.20%	1.06%	-0.24%	6.03%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-0.38%	-4.78%	1.89%	0.93%	0.43%	0.49%	0.93%	0.27%	-0.05%	1.54%
Return on Equity (ROE)	0.00%	0.68%	-13.20%	12.80%	8.71%	4.99%	4.54%	7.06%	3.33%	1.48%	9.57%
Cash Return on Invested Capital (CROIC)	0.00%	-68.85%	0.00%	0.00%	0.00%	4.37%	-4.26%	-2.11%	-0.30%	9.78%	14.67%
Operating Return on Assets (OROA)	0.00%	2.15%	-5.25%	6.01%	8.79%	3.46%	3.71%	5.82%	2.71%	1.52%	7.00%
Return on Assets (ROA)	0.00%	-0.54%	-6.22%	3.54%	3.68%	1.63%	2.68%	4.41%	1.71%	0.03%	5.10%
Return on Common Equity (ROCE)	0.00%	0.34%	-6.17%	5.92%	4.06%	2.33%	1.98%	3.07%	1.45%	0.60%	3.85%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	-4.01%	-2.33%	-1.41%	0.00%	9.76%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	62	44	-147	202	104	116	210	313	153	40	298
NOPAT Margin	13.72%	7.17%	-23.38%	23.71%	15.28%	18.06%	16.56%	23.96%	13.69%	3.87%	18.64%
Net Nonoperating Expense Percent (NNEP)	0.00%	2.42%	8.28%	4.21%	4.16%	2.92%	1.99%	1.92%	1.99%	1.78%	2.00%
Return On Investment Capital (ROIC_SIMPLE)	-	0.38%	-	-	-	1.01%	1.62%	2.39%	1.16%	0.31%	2.27%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	43.03%	38.45%	84.46%	27.33%	35.18%	34.97%	28.63%	27.85%	33.86%	39.04%	23.81%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	79.10%	89.76%	133.40%	70.05%	79.98%	84.13%	81.29%	71.85%	84.65%	94.47%	78.80%
Earnings before Interest and Taxes (EBIT)	93	64	-211	256	138	101	229	360	169	51	343
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	133	180	-93	369	244	192	336	468	306	213	494
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	4.61	5.22	5.93	6.28	8.44	10.48	10.91	11.60
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.00	0.00	0.00	7.23	7.60	8.65	9.18	12.14	15.73	8.61	7.73
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	2,579.47	152.38	170.73	175.05	208.66	172.94
Dividend Yield	4.59%	4.73%	4.47%	3.57%	0.00%	0.00%	0.25%	0.42%	0.75%	1.10%	1.34%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.04%	0.66%	0.59%	0.57%	0.48%	0.58%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	2.30	2.56	2.85	2.80	3.62	4.05	4.17	4.16
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	10.01	10.08	11.09	12.00	14.79	18.91	10.29	9.30
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	43.22	39.92	43.68	31.18	33.21	33.50	36.82	31.78
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	125.73	113.19	109.70	49.27	46.67	46.19	60.21	51.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	180.67	163.86	436.81	55.64	53.12	50.58	66.44	57.33
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	44.07	37.43	53.30	48.77	55.51	46.75	37.90	25.90
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	64.02	0.00	0.00	0.00	41.84	27.29
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.31	0.32	0.32	0.31	0.32	0.27	0.27	0.40	0.41	0.54
Long-Term Debt to Equity	0.00	0.31	0.31	0.31	0.31	0.31	0.27	0.26	0.39	0.40	0.54
Financial Leverage	0.00	0.28	0.29	0.28	0.26	0.27	0.24	0.22	0.26	0.23	0.26
Leverage Ratio	0.00	1.73	1.47	1.47	1.47	1.45	1.47	1.48	1.56	1.58	1.66
Compound Leverage Factor	0.00	-0.06	1.93	1.10	0.80	0.64	1.19	1.28	1.09	-0.24	1.36
Debt to Total Capital	0.00%	23.62%	24.04%	24.00%	23.87%	24.04%	21.28%	20.97%	28.34%	28.91%	35.24%
Short-Term Debt to Total Capital	0.00%	0.19%	0.20%	0.20%	0.19%	0.23%	0.21%	0.21%	0.28%	0.29%	0.35%
Long-Term Debt to Total Capital	0.00%	23.42%	23.84%	23.81%	23.67%	23.81%	21.07%	20.76%	28.07%	28.62%	34.89%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	40.92%	40.45%	40.84%	40.64%	40.32%	46.58%	46.50%	42.68%	42.37%	39.12%
Common Equity to Total Capital	0.00%	35.46%	35.51%	35.16%	35.49%	35.64%	32.14%	32.53%	28.98%	28.72%	25.64%
Debt to EBITDA	0.00	4.24	7.09	4.63	3.88	3.88	2.51	2.08	2.60	2.84	3.13
Net Debt to EBITDA	0.00	3.85	6.41	4.13	3.18	3.09	1.84	1.34	1.70	1.85	1.88
Long-Term Debt to EBITDA	0.00	4.20	7.03	4.59	3.85	3.84	2.49	2.06	2.58	2.81	3.10
Debt to NOPAT	0.00	7.22	43.23	19.34	15.93	38.76	4.48	3.33	3.93	5.13	5.65
Net Debt to NOPAT	0.00	6.56	39.09	17.25	13.06	30.92	3.28	2.14	2.57	3.33	3.39
Long-Term Debt to NOPAT	0.00	7.16	42.88	19.18	15.80	38.39	4.44	3.30	3.89	5.08	5.59
Altman Z-Score	0.00	0.00	0.00	2.92	3.32	3.89	3.50	4.63	4.13	4.20	3.45
Noncontrolling Interest Sharing Ratio	0.00%	50.39%	53.25%	53.74%	53.38%	53.33%	56.46%	56.52%	56.60%	59.63%	59.74%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	1.04	0.99	0.99	1.17	1.30	1.25	1.30	1.46	1.26	1.34
Quick Ratio	0.00	0.79	0.71	0.76	0.93	1.06	0.77	0.79	0.95	0.75	0.71
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	0.00	-11,247	-10,858	-10,801	531	-901	-757	-832	471	1,201
Operating Cash Flow to CapEx	1,990.96%	612.02%	188.74%	1,909.00%	2,136.31%	0.00%	757.74%	1,856.18%	2,334.74%	512.49%	3,489.63%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	-174.46	-165.12	-172.41	9.43	-20.12	-15.71	-16.36	8.00	19.84
Operating Cash Flow to Interest Expense	1.10	3.31	0.92	3.51	3.78	1.01	3.64	8.22	8.20	5.26	11.47
Operating Cash Flow Less CapEx to Interest Expense	1.05	2.77	0.43	3.32	3.60	1.15	3.16	7.78	7.85	4.23	11.14
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.21	0.16	0.20	0.43	0.22	0.21	0.21	0.18	0.31	0.33
Accounts Receivable Turnover	0.00	18.52	11.65	8.63	0.00	17.56	8.85	6.39	6.11	9.65	8.21
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	4.28	3.27	4.64	0.00	4.91	4.63	5.14	4.52	7.46	8.07
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	19.71	31.34	42.29	0.00	20.79	41.23	57.11	59.78	37.82	44.44
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	19.71	31.34	42.29	0.00	20.79	41.23	57.11	59.78	37.82	44.44
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	11,335	11,099	11,060	10,905	10,920	12,210	12,131	11,890	11,695	11,306
Invested Capital Turnover	0.00	0.15	0.36	0.46	0.51	0.25	0.24	0.26	0.22	0.40	0.43
Increase / (Decrease) in Invested Capital	0.00	0.00	11,099	11,060	10,905	-415	1,111	1,071	985	-431	-904
Enterprise Value (EV)	0.00	0.00	0.00	25,460	27,970	31,097	34,205	43,874	48,117	48,729	47,076
Market Capitalization	0.00	0.00	0.00	18,391	21,110	24,268	26,157	36,009	40,048	40,772	39,145
Book Value per Share	$0.00	$49.62	$48.99	$23.44	$23.70	$23.96	$24.31	$21.55	$19.27	$19.16	$17.39
Tangible Book Value per Share	$0.00	($86.00)	($86.39)	($41.55)	($40.70)	($40.04)	($45.99)	($38.93)	($40.73)	($41.19)	($42.66)
Total Capital	0.00	11,587	11,361	11,353	11,395	11,478	12,950	13,112	13,187	13,012	13,166
Total Debt	0.00	2,736	2,731	2,725	2,719	2,759	2,756	2,749	3,737	3,762	4,640
Total Long-Term Debt	0.00	2,714	2,708	2,703	2,697	2,733	2,729	2,722	3,701	3,724	4,594
Net Debt	0.00	2,484	2,469	2,432	2,229	2,202	2,015	1,768	2,441	2,445	2,780
Capital Expenditures (CapEx)	3.36	36	31	12	11	-8.01	21	21	18	60	20
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-193	-232	-259	-305	-300	-303	-395	-444	-666	-938
Debt-free Net Working Capital (DFNWC)	0.00	43	14	18	153	225	327	463	729	520	789
Net Working Capital (NWC)	0.00	20	-8.73	-4.02	130	199	300	436	693	482	743
Net Nonoperating Expense (NNE)	40	60	102	51	46	68	45	40	47	39	48
Net Nonoperating Obligations (NNO)	0.00	2,484	2,469	2,432	2,229	2,202	2,015	1,768	2,441	2,445	2,780
Total Depreciation and Amortization (D&A)	40	116	118	113	107	91	107	107	137	162	151
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-11.53%	-11.62%	-10.19%	-10.98%	-10.70%	-10.61%	-13.32%	-17.45%	-14.07%	-18.52%
Debt-free Net Working Capital to Revenue	0.00%	2.55%	0.68%	0.72%	5.50%	8.04%	11.47%	15.63%	28.65%	10.98%	15.58%
Net Working Capital to Revenue	0.00%	1.21%	-0.44%	-0.16%	4.70%	7.09%	10.52%	14.71%	27.22%	10.18%	14.67%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	($0.17)	($1.26)	$0.73	$0.29	$0.36	$0.72	$1.20	$0.50	$0.00	$1.16
Adjusted Weighted Average Basic Shares Outstanding	0.00	82.81M	82.35M	80.88M	80.97M	81.34M	81.57M	81.76M	81.52M	80.82M	77.33M
Adjusted Diluted Earnings per Share	$0.00	($0.17)	($1.26)	$0.72	$0.28	$0.28	$0.69	$1.17	$0.47	($0.07)	$1.12
Adjusted Weighted Average Diluted Shares Outstanding	0.00	82.81M	82.35M	81.85M	171.60M	171.87M	181.52M	199.28M	199.06M	194.01M	194.63M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	171.94M	170.31M	170.64M	170.77M	171.17M	197.91M	198.30M	195.08M	194.12M	191.13M
Normalized Net Operating Profit after Tax (NOPAT)	62	44	-147	202	104	71	210	313	153	40	298
Normalized NOPAT Margin	13.72%	7.17%	-23.38%	23.71%	15.28%	11.11%	16.56%	23.96%	13.69%	3.87%	18.64%
Pre Tax Income Margin	7.24%	-0.38%	-43.68%	22.32%	11.02%	6.91%	14.52%	23.86%	10.53%	-0.75%	17.67%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.54	0.96	-3.27	3.89	2.20	1.79	5.12	7.48	3.32	0.87	5.66
NOPAT to Interest Expense	1.02	0.66	-2.28	3.07	1.66	2.06	4.69	6.50	3.02	0.68	4.92
EBIT Less CapEx to Interest Expense	1.48	0.42	-3.75	3.71	2.02	1.93	4.64	7.03	2.97	-0.16	5.33
NOPAT Less CapEx to Interest Expense	0.96	0.12	-2.77	2.89	1.49	2.20	4.21	6.06	2.66	-0.34	4.59
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	168.78%	-121.06%	-158.63%	-136.08%	1,054.67%	35.05%	46.76%	68.47%	117.30%	113.35%
Augmented Payout Ratio	0.00%	225.69%	-182.89%	-443.80%	-599.16%	3,642.09%	35.05%	46.76%	180.62%	275.98%	383.78%

Financials Breakdown Chart

Key Financial Trends

TKO Group (NYSE: TKO) shows a clear pattern of top-line growth and improving cash generation through 2023–2025, with strong equity-backed balance sheet metrics. However, the most recent Q4 2025 quarter includes a small quarterly loss to common shareholders and the company pursued sizable financing activity to return capital to shareholders. Below are the 10 most notable trends, categorized by potential impact on the stock.

Top-line growth: Revenue rose from about $0.614B in 2023 Q4 to roughly $1.038B in 2025 Q4, indicating substantial growth in the four-year window.
Robust quarterly cash flow from operations in 2025: Net cash from continuing operating activities ranged from roughly $163M to $417M per quarter in 2025, signaling solid cash generation.
Profitability improving over time: Net income to common shareholders and per-share metrics were generally positive through 2024 and into 2025, with quarterly diluted EPS reaching about $1.17 in 2025 Q2 (even as some later quarters showed variability).
Shareholder-focused capital allocation: The company paid meaningful dividends (e.g., about $153.8M–$209.2M per quarter in 2025) and executed substantial share repurchases (notably around $826M in 2025 Q3), signaling a strong emphasis on returning capital to investors.
Solid balance sheet and asset base: Total assets typically sit in the mid-to-high $15B range with a large equity base (total equity and noncontrolling interests around the mid-to-high $9B range), supporting financial flexibility.
Gross margin data quality: In several quarters, gross profit equals revenue, which implies a 0 cost of revenue in the reported data or a simplification in the dataset. The apparent margin stability may reflect data structure rather than actual margin dynamics.
Earnings pattern shows some quarterly swings: Earnings vary by quarter due to nonrecurring items, tax effects, and other unusual adjustments, making quarterly profitability a bit uneven but with an overall upward trend.
Debt level and leverage: Long-term debt hovered in the low to mid trillions of USD in aggregate balance sheets, with sizable absolute debt but a strong equity cushion. This suggests a moderate-to-high leverage profile, though offset by ample equity.
Q4 2025 quarterly result: Net income attributable to common shareholders was negative in 2025 Q4 (-$2.38M), with diluted EPS at -$0.07, signaling a near-term profitability dip despite prior strength.
Financing outflows in 2025: Large cash outflows for dividends and buybacks (e.g., significant buybacks in 2025 Q3 and sizable dividends in multiple 2025 quarters) reduced cash reserves even with strong CFO, potentially affecting liquidity if cash needs spike.

05/14/26 05:23 AM ETAI Generated. May Contain Errors.

TKO Group Financials - Frequently Asked Questions

According to the most recent income statement we have on file, TKO Group's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

TKO Group's net income appears to be on a downward trend, with a most recent value of $546.29 million in 2025, rising from $273.63 million in 2021. The previous period was -$245.68 million in 2024. Find out what analysts predict for TKO Group in the coming months.

TKO Group's total operating income in 2025 was $835.02 million, based on the following breakdown:

Total Gross Profit: $4.74 billion
Total Operating Expenses: $3.90 billion

Over the last 4 years, TKO Group's total revenue changed from $1.03 billion in 2021 to $4.74 billion in 2025, a change of 358.9%.

TKO Group's total liabilities were at $6.25 billion at the end of 2025, a 25.7% increase from 2024, and a 108.1% increase since 2022.

In the past 3 years, TKO Group's cash and equivalents has ranged from $180.57 million in 2022 to $831.10 million in 2025, and is currently $831.10 million as of their latest financial filing in 2025.

Over the last 4 years, TKO Group's book value per share changed from 0.00 in 2021 to 19.16 in 2025, a change of 1,915.8%.

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Financial statements for NYSE:TKO last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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TKO Group (TKO) Financials

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TKO Group (TKO) Financials

Annual Income Statements for TKO Group

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Quarterly Cash Flow Statements for TKO Group

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Quarterly Metrics And Ratios for TKO Group

Financials Breakdown Chart

Key Financial Trends

TKO Group Financials - Frequently Asked Questions

When does TKO Group's fiscal year end?

How has TKO Group's net income changed over the last 4 years?

What is TKO Group's operating income?

How has TKO Group's revenue changed over the last 4 years?

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How has TKO Group's book value per share changed over the last 4 years?

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