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HOFV

Hall of Fame Resort & Entertainment Company

HOFV

Hall of Fame Resort & Entertainment Company • NASDAQ
$0.44 ▲ 0.00% (+0.00)
Market Cap $2.95 M
52w High $1.45
52w Low $0.24
Dividend Yield 0%
P/E -0.05
Volume 7
Outstanding Shares 6.70M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $4.342M ▲ $4.221M ▼ $-11.896M ▲ -273.949% ▲ $-1.82 ▲ $-5.719M ▼
Q1-2025 $2.945M ▼ $9.903M ▼ $-15.069M ▲ -511.621% ▼ $-2.3 ▲ $-4.157M ▲
Q4-2024 $4.813M ▼ $10.395M ▼ $-21.323M ▼ -443.003% ▼ $-3.29 ▼ $-7.366M ▼
Q3-2024 $7.502M ▲ $12.806M ▼ $-4.42M ▲ -58.925% ▲ $-0.72 ▲ $6.777M ▲
Q2-2024 $4.7M $14.565M $-15.489M -329.576% $-2.41 $-3.778M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $831.075K ▼ $360.498M ▼ $315.671M ▲ $45.79M ▼
Q1-2025 $2.978M ▲ $364.687M ▼ $307.721M ▲ $57.929M ▼
Q4-2024 $2.865M ▲ $366.706M ▼ $294.474M ▼ $73.195M ▼
Q3-2024 $2.569M ▲ $435.641M ▼ $341.939M ▲ $94.665M ▼
Q2-2024 $1.455M $436.942M $338.773M $99.132M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $0 ▲ $-4.839M ▼ $-19.932K ▲ $5.576M ▲ $716.746K ▲ $-4.859M ▼
Q1-2025 $-15.069M ▲ $-1.466M ▲ $-102.8K ▼ $1.646M ▲ $77.122K ▲ $-1.569M ▲
Q4-2024 $-21.323M ▼ $-3.789M ▼ $914.514K ▲ $-162.442K ▼ $-3.037M ▼ $-2.874M ▲
Q3-2024 $-4.42M ▲ $-1.816M ▲ $-4.905M ▼ $7.762M ▲ $1.041M ▲ $-7.221M ▼
Q2-2024 $-15.489M $-2.833M $-809.594K $3.202M $-440.802K $-3.644M

Five-Year Company Overview

Income Statement

Income Statement The company is still very much in “build and ramp-up” mode. Revenue remains small and hasn’t grown meaningfully over the past few years, while operating and net losses have been persistent. There are signs of improvement in basic profitability at the project level, but the business overall is not yet covering its operating costs. The income statement reflects a long-term development story rather than a mature, profit-generating entertainment company.

Balance Sheet

Balance Sheet The balance sheet shows an asset-heavy project backed by relatively thin equity and a meaningful amount of debt. Cash on hand looks lean, which heightens funding and liquidity risk if business ramps more slowly than planned. Debt has grown faster than equity over time, so financial flexibility appears limited and the company is more exposed to interest costs and refinancing needs. The strength of the underlying real estate and long-term partnerships will be important to support this capital structure.

Cash Flow

Cash Flow Cash flows highlight the strain of building out a large destination project. The core business has generally consumed cash rather than generated it, and free cash flow has been consistently negative due to ongoing development spending. While investment outlays have started to ease, the company still appears reliant on outside financing and partnerships to fund operations and complete its build-out. A clear path to self-funding through recurring cash flow is not yet visible in the historical data.

Competitive Edge

Competitive Edge Competitively, HOFV is differentiated by its exclusive, deeply integrated partnership with the Pro Football Hall of Fame and its physical control of the Canton “village” footprint. This gives it a unique brand, content access, and experiential angle that traditional theme parks or generic entertainment venues cannot easily copy. On the other hand, it competes indirectly with much larger media, sports, and travel players for fan attention and discretionary dollars, and it is heavily concentrated in one destination, which raises execution and demand-risk if traffic or event activity underperforms expectations.

Innovation and R&D

Innovation and R&D Innovation is a key part of the strategy: the “smart city” concept, integrated resort, esports center, fantasy league, and NFTs are all attempts to extend football fandom into multiple formats. The approach is more about creative business model and partnerships than about lab-style R&D spending. Many of these initiatives are still early, so their ultimate adoption, monetization, and staying power remain uncertain. Success will depend on how well the company ties these pieces together into a seamless, compelling fan experience rather than on any single technology.

Summary

Overall, HOFV looks like a high-concept, football-focused destination and media platform that is still in the build-out and scale-up phase. Financially, it carries ongoing losses, negative free cash flow, and a leveraged balance sheet, which together point to execution and funding risk. Strategically, it has a rare and powerful anchor in the Pro Football Hall of Fame and a distinctive multi-vertical ecosystem that could become valuable if consistently executed and well-attended. Future performance will hinge on completing the village phases, growing steady visitor and event traffic, turning media and gaming from experiments into meaningful profit centers, and navigating the planned go-private transaction, which will change how the business is financed and governed going forward.