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GENI

Genius Sports Limited

GENI

Genius Sports Limited • NYSE
$10.07 ▲ 2.13% (+0.21)
Market Cap $2.41 B
52w High $13.73
52w Low $8.15
Dividend Yield 0%
P/E -20.98
Volume 3.34M
Outstanding Shares 238.84M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $166.283M ▲ $54.33M ▼ $-28.814M ▲ -17.328% ▲ $-0.112 ▲ $-12.177M ▲
Q2-2025 $118.719M ▼ $89.578M ▲ $-53.948M ▼ -45.442% ▼ $-0.21 ▼ $-63.36M ▼
Q1-2025 $143.991M ▼ $55.626M ▲ $-8.198M ▲ -5.693% ▲ $-0.03 ▲ $-3.296M ▼
Q4-2024 $175.531M ▲ $54.651M ▲ $-28.212M ▼ -16.072% ▼ $-0.12 ▼ $7.885M ▼
Q3-2024 $120.198M $46.138M $12.505M 10.404% $0.054 $9.707M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $207.792M ▼ $1.049B ▲ $326.57M ▲ $722.53M ▲
Q2-2025 $221.561M ▲ $927.778M ▲ $207.631M ▲ $720.147M ▲
Q1-2025 $209.823M ▲ $906.688M ▲ $195.845M ▼ $710.843M ▲
Q4-2024 $110.213M ▲ $792.266M ▲ $219.861M ▲ $572.405M ▲
Q3-2024 $42.314M $724.878M $169.613M $555.265M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-28.814M ▲ $27.204M ▲ $-38.728M ▼ $-6K $-13.769M ▲ $19.948M ▲
Q2-2025 $-53.948M ▼ $1.035M ▲ $-19.889M ▼ $-6K ▼ $-14.101M ▼ $-19.152M ▲
Q1-2025 $-8.198M ▲ $-30.798M ▼ $-14.975M ▲ $143.995M ▲ $100.423M ▲ $-48.271M ▼
Q4-2024 $-28.212M ▼ $86.636M ▲ $-16.7M ▲ $-6K ▲ $66.164M ▲ $69.936M ▲
Q3-2024 $12.505M $-3.591M $-19.096M $-7K $-23.942M $-22.697M

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily each year, showing that demand for Genius Sports’ data and technology platform is rising. Profitability, however, is still a work in progress. Gross margins swung from weak levels a few years ago to clearly positive and improving more recently, suggesting better pricing power, contract terms, or cost discipline. Operating losses and net losses have narrowed significantly from their worst point, and EBITDA has moved into modestly positive territory. Overall, the business looks to be transitioning from heavy investment and scale-up mode toward a more sustainable, margin-focused phase, but it has not yet reached consistent bottom-line profitability.

Balance Sheet

Balance Sheet The balance sheet is relatively solid for a still-loss-making growth company. Total assets jumped earlier in the period, likely reflecting acquisitions and platform build-out, and have since stayed fairly stable. Cash levels are not huge but appear adequate and have held reasonably steady in recent years. Debt is low and has even declined, which reduces financial risk and interest burden. Equity turned from negative to clearly positive after listing and has remained broadly stable despite ongoing losses, indicating that past capital raises and asset build-up still underpin the company’s financial base. Overall, financial leverage looks manageable, with the main risk coming from the need to eventually align profits with the invested capital.

Cash Flow

Cash Flow Cash generation has improved meaningfully. A few years ago, the core business was consuming cash, but operating cash flow has moved from negative to clearly positive, showing better underlying unit economics and working capital management. Free cash flow was consistently negative during the investment-heavy years but has recently turned positive even after ongoing capital spending on technology and infrastructure. This shift suggests the company is closer to funding itself from operations rather than relying on external capital, although sustaining this positive free cash flow through industry cycles will be an important proof point.

Competitive Edge

Competitive Edge Genius Sports occupies a strong niche at the intersection of sports, betting, and media, built around real-time, low-latency data and advanced analytics. Its long-term, often exclusive data rights with major leagues – including a flagship partnership with the NFL – create substantial barriers for rivals and give it a central role in the sports data supply chain. Customers such as sportsbooks and media partners are deeply integrated with its feeds and tools, which makes switching providers difficult and risky. The company also benefits from network effects: the more leagues and events it covers, the more valuable it becomes to customers, which in turn makes it more attractive to additional leagues. Competition from other global data providers remains intense, and renewal terms for key rights are a structural risk, but the combination of exclusive content, technical sophistication, and embedded relationships gives Genius Sports a clear, though not unassailable, competitive edge.

Innovation and R&D

Innovation and R&D Innovation is at the core of Genius Sports’ strategy. It has invested heavily in AI-driven platforms such as GeniusIQ, which turn raw game data into rich insights and personalized fan experiences. The acquisition and integration of advanced tracking technology, like the optical systems from Second Spectrum, allow it to capture detailed in-game data and power sophisticated visualizations and analytics for leagues, teams, and broadcasters. Products like BetVision and FANHub show a deliberate push beyond basic data supply into immersive betting, tailored advertising, and interactive broadcasts. This positions the company not just as a data provider but as a broader sports technology partner. The upside is large if these products see wide adoption, but it also requires ongoing R&D spending, careful execution, and the ability to stay ahead of fast-moving competitors in AI, streaming, and fan engagement.

Summary

Genius Sports looks like a maturing growth company that has moved past its most cash-intensive phase and is edging closer to a more balanced financial profile. Revenue has climbed steadily, losses are narrowing, and cash flows have shifted from clearly negative to modestly positive, although consistent profitability is still not in hand. The balance sheet appears reasonably healthy, with low debt and stable cash, giving it some resilience as it continues to invest. Strategically, the company benefits from a strong position in sports data and technology, anchored by exclusive rights, high switching costs, and a deep technology stack focused on AI, tracking, and personalized fan experiences. Key uncertainties revolve around the renewal and pricing of critical rights deals, competitive pressure from other global data providers, regulatory developments in betting, and the challenge of converting innovation into durable, high-margin revenue. Overall, the story is one of improving financial discipline layered on top of a clear technological and contractual moat in a growing but competitive niche.

NEWS

November 26, 2025 · 8:00 AM UTC

CBF to Revolutionize Officiating With Genius Sports' Semi-Automated Offside Technology in 2026

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November 25, 2025 · 7:00 AM UTC

Genius Sports Partners with Publicis Sports to Reimagine Future of Fan Engagement

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November 4, 2025 · 7:00 AM UTC

Genius Sports Reports 38% Group Revenue Growth and Raises Full-Year 2025 Group Revenue and Adj. EBITDA Guidance, Driven by Strengthening Media Product

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October 16, 2025 · 7:00 AM UTC

Genius Sports to Announce Third Quarter 2025 Results on November 4

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October 2, 2025 · 8:00 AM UTC

Genius Sports Announces Change of Auditor

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