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SABR

Sabre Corporation

SABR

Sabre Corporation • NASDAQ
$1.61 ▲ 0.63% (+0.01)
Market Cap $635.76 M
52w High $4.63
52w Low $1.52
Dividend Yield 0%
P/E -2.64
Volume 2.75M
Outstanding Shares 394.88M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $715.183M ▲ $308.484M ▲ $48.165M ▲ 6.735% ▲ $2.15 ▲ $100.787M ▲
Q2-2025 $687.149M ▼ $129.167M ▼ $-256.364M ▼ -37.308% ▼ $-0.66 ▼ $22.674M ▼
Q1-2025 $776.617M ▲ $143.282M ▼ $35.335M ▲ 4.55% ▲ $0.09 ▲ $137.625M ▲
Q4-2024 $714.724M ▼ $154.571M ▼ $-74.698M ▼ -10.451% ▼ $-0.19 ▼ $67.867M ▼
Q3-2024 $764.714M $161.046M $-62.818M -8.215% $-0.16 $114.754M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $682.747M ▲ $4.373B ▼ $5.313B ▼ $-966.508M ▲
Q2-2025 $426.118M ▼ $4.419B ▼ $6.212B ▼ $-1.82B ▼
Q1-2025 $651.144M ▼ $4.678B ▲ $6.225B ▼ $-1.574B ▲
Q4-2024 $725.034M ▲ $4.635B ▼ $6.227B ▲ $-1.619B ▼
Q3-2024 $668.763M $4.693B $6.223B $-1.558B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $48.431M ▲ $37.163M ▲ $-1.093B ▼ $-838.908M ▼ $235.604M ▲ $16.894M ▲
Q2-2025 $-200.85M ▼ $-223.854M ▼ $-23.621M ▼ $21.292M ▲ $-225.025M ▼ $-245.113M ▼
Q1-2025 $35.548M ▲ $-80.603M ▼ $-8.25M ▲ $13.208M ▲ $-73.35M ▼ $-98.494M ▼
Q4-2024 $-74.698M ▼ $82.744M ▲ $-16.096M ▼ $-6.477M ▲ $55.717M ▼ $66.648M ▲
Q3-2024 $-62.48M $27.809M $34.576M $-8.075M $56.149M $7.551M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Distribution
Distribution
 $0 ▲$0 ▲$0 ▲$550.00M ▲
Hospitality Solutions Segment
Hospitality Solutions Segment
 $80.00M ▲$80.00M ▲$90.00M ▲$0 ▼
Travel Solutions Segment
Travel Solutions Segment
 $690.00M ▲$640.00M ▼$700.00M ▲$0 ▼

Five-Year Company Overview

Income Statement

Income Statement Sabre’s revenue has been climbing steadily as global travel has recovered, and the company has moved from heavy operating losses during the pandemic to modest operating profits more recently. Profitability has improved at the gross and operating levels, showing better cost control and more efficient use of its platform. That said, the company is still losing money at the net income level, even if those losses are much smaller than a few years ago. Overall, the trend is clearly improving, but the business has not yet reached consistently solid, bottom‑line profitability.

Balance Sheet

Balance Sheet The balance sheet shows a company that is still carrying a heavy debt load relative to its size, a legacy of the deep downturn in travel. Cash reserves have come down from pandemic peaks and now look more normal but not especially conservative for a highly leveraged business. Shareholders’ equity has turned negative, reflecting accumulated losses and the amount of borrowing used to support the company through difficult years. Financially, Sabre has stabilized operations, but its capital structure remains strained and dependent on continued improvement in performance and access to financing.

Cash Flow

Cash Flow Sabre’s cash generation has improved markedly from the crisis years, moving from significant cash burn to roughly break‑even operating cash flow in the last couple of years. Free cash flow is still slightly negative after investment spending, but the gap is now small compared with earlier periods of heavy outflows. Capital spending has been relatively steady, suggesting the company is maintaining its tech platform rather than aggressively cutting investment to boost short‑term cash. The key question is whether recent incremental gains can be converted into durable, positive free cash flow to help de‑risk the balance sheet over time.

Competitive Edge

Competitive Edge Sabre operates in a concentrated part of the travel technology market, as one of only a few large global distribution systems connecting airlines, hotels, and travel sellers. Its scale, long‑standing relationships, and deep integration into customer workflows create meaningful switching costs and network effects that are difficult for new entrants to match. At the same time, it faces strong, well‑funded rivals and structural changes, including airlines pushing more direct distribution and new technology standards that can erode traditional GDS economics. The company’s position is defensible but not unassailable, and its long‑term strength will depend on how well it adapts its commercial model to these industry shifts.

Innovation and R&D

Innovation and R&D Sabre is investing heavily in modernizing its technology stack, with a major move to Google Cloud and a portfolio of AI‑driven products like Sabre Travel AI, SabreMosaic, and various personalized retailing tools for airlines and hotels. These initiatives aim to help travel providers move toward more flexible “offer and order” retailing, dynamic pricing, and conversational trip planning, which could deepen customer relationships and support higher‑value services. The company is also pushing microservices and modular architecture, making it easier for airlines and agencies to plug specific capabilities into their own systems. The strategic risk is execution: Sabre must prove that these innovations gain wide adoption and translate into durable, higher‑margin revenue, while also supporting newer segments like low‑cost carriers and focusing on its core strengths after divesting noncore hospitality assets.

Summary

Sabre looks like a company transitioning from survival mode back toward growth, with revenue and operating results rebounding strongly from pandemic lows but net income and free cash flow still not firmly in the black. Its entrenched role in global travel distribution and airline IT gives it a real, if narrow, competitive edge, supported by switching costs and network effects. However, the balance sheet is highly leveraged and shareholders’ equity is negative, leaving limited room for major missteps and making continued operational improvement and cash generation critical. Success will hinge on the company’s ability to capitalize on its cloud and AI investments, win adoption of its modern retailing platforms, and use the resulting cash flows to gradually strengthen its financial position in an industry that remains both cyclical and technologically disruptive.

NEWS

November 20, 2025 · 6:56 PM UTC

Sabre Corporation Announces Pricing of Senior Secured Notes Offering

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November 20, 2025 · 9:13 AM UTC

Sabre Corporation Announces Exchange Offers by Sabre GLBL Inc. for Certain Senior Secured Debt Securities

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November 20, 2025 · 8:55 AM UTC

Sabre Corporation Announces Offering of Senior Secured Notes

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November 20, 2025 · 8:00 AM UTC

Sabre introduces game-changing Concierge IQ™ solution for airlines: Generative AI-powered assistant revolutionizes travel planning, shopping and servicing through direct interactions with passengers across their journey

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November 10, 2025 · 9:00 AM UTC

Ethiopian Airlines Takes First Step Toward Offer-Order Transformation with SabreMosaic Airline Retailing

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