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SRAD

Sportradar Group AG

SRAD

Sportradar Group AG • NASDAQ
$22.00 ▲ 1.34% (+0.29)
Market Cap $6.61 B
52w High $32.22
52w Low $16.27
Dividend Yield 0%
P/E 64.71
Volume 357.54K
Outstanding Shares 300.32M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $292.054M ▼ $139.516M ▼ $22.468M ▼ 7.693% ▼ $0.075 ▼ $106.021M ▼
Q2-2025 $317.79M ▲ $147.652M ▲ $49.245M ▲ 15.496% ▲ $0.17 ▲ $174.236M ▲
Q1-2025 $311.231M ▲ $146.788M ▲ $24.208M ▲ 7.778% ▲ $0.08 ▲ $139.217M ▲
Q4-2024 $307.07M ▲ $132.332M ▲ $-1.089M ▼ -0.355% ▼ $-0.004 ▼ $115.257M ▲
Q3-2024 $255.172M $124.327M $37.261M 14.602% $0.12 $111.557M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $360.383M ▲ $2.418B ▲ $1.433B ▲ $985.26M ▲
Q2-2025 $311.921M ▼ $2.378B ▼ $1.427B ▼ $951.553M ▼
Q1-2025 $357.825M ▲ $2.543B ▲ $1.563B ▲ $974.674M ▲
Q4-2024 $348.357M ▼ $2.295B ▲ $1.365B ▲ $925.154M ▲
Q3-2024 $368.379M $2.277B $1.361B $911.515M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $22.468M ▼ $115.06M ▲ $-48.738M ▲ $-8.648M ▲ $48.462M ▲ $114.077M ▲
Q2-2025 $49.117M ▲ $97.349M ▼ $-51.889M ▲ $-74.572M ▼ $-45.904M ▼ $54.107M ▲
Q1-2025 $24.338M ▼ $102.246M ▲ $-65.81M ▲ $-18.61M ▼ $9.468M ▲ $33.949M ▲
Q4-2024 $34.15M ▼ $82.157M ▼ $-103.201M ▼ $-10.861M ▼ $-20.022M ▼ $-2.243M ▼
Q3-2024 $37.103M $118.222M $-54.605M $-9.564M $46.161M $63.953M

Five-Year Company Overview

Income Statement

Income Statement Sportradar’s income statement shows a classic growth-business pattern: revenue has been climbing steadily each year, and the company has moved from very small profits to more consistent, though still modest, profitability. Gross profit has grown strongly, but margins have slipped a bit recently, suggesting pricing pressure, higher delivery costs, or heavier investment in product and data. Operating profit and EBITDA, however, have improved meaningfully over time, indicating better operating leverage as the business scales. Net income remains relatively small compared with revenue, and earnings per share have been broadly flat in recent years. That points to a business still prioritizing growth and investment over maximizing bottom-line profit, with profitability solid but not yet a major strength of the story.

Balance Sheet

Balance Sheet The balance sheet looks conservative and geared toward growth. Total assets have expanded significantly, reflecting ongoing investment in technology, data rights, and acquisitions. Cash levels are healthy, though lower than shortly after the IPO, which is typical as a young public company deploys capital into expansion. Debt has been reduced sharply since the IPO period and now sits at a low level, while equity has steadily increased. This combination points to a relatively low-risk capital structure with room to absorb shocks and potentially take on more financing if needed. Overall, the company appears to be funding growth in a disciplined way, with a balance sheet that does not look stretched.

Cash Flow

Cash Flow Cash generation has improved clearly over the past few years. Operating cash flow has grown faster than reported profits, which is a good sign for the quality of the earnings and the underlying health of the business model. Free cash flow has turned positive and is gradually increasing, but it remains relatively thin because of sizable ongoing investment in capitalized development and infrastructure. The company is clearly reinvesting heavily in its platform, data, and technology stack. In simple terms, the business seems able to fund most of its growth from its own operations, while still leaving a modest cash cushion after investments—supportive, but not yet comfortably abundant, free cash flow.

Competitive Edge

Competitive Edge Sportradar holds a strong position at the crossroads of sports, media, and betting. Its core advantage lies in its wide network of official data partnerships with leagues and federations worldwide, many of which are exclusive. This gives it access to fast, reliable data that betting operators and media partners depend on. The company operates as an end-to-end provider: data collection, odds, trading services, integrity monitoring, and media products are all bundled into a modular platform. This deep integration creates high switching costs and makes Sportradar’s services “mission-critical” for many clients, especially larger betting operators. Scale is another key edge. The more events and betting selections it processes, the better its models become, reinforcing its lead. That said, competition in sports data and betting technology is intensifying, and the short-seller criticisms and questions around relationships with less-regulated markets highlight reputational and regulatory risks that could pressure its moat if not managed carefully.

Innovation and R&D

Innovation and R&D Innovation is at the heart of Sportradar’s strategy. The company is a heavy user of AI and machine learning, especially through computer vision systems that extract very detailed, real-time data from live sports. This powers advanced in-play and “micro-market” betting, more personalized experiences, and sophisticated risk management for clients. Its product set extends well beyond raw data feeds to include streaming with real-time overlays, AI-enhanced analytics, integrity services for leagues, and tools that blend media and betting, such as embedding wagering options directly into video streams. Generative AI is being used both to build new products and to automate internal workflows. Looking ahead, key innovation themes include expanding micro-markets into major US sports, deepening AI integration to boost margins, creating more immersive fan experiences, and using targeted acquisitions to add capabilities. The company’s long-term edge will likely depend on how fast and effectively it can continue to commercialize these R&D efforts.

Summary

Sportradar combines strong top-line growth with early-stage, but improving, profitability. The income statement shows a business that is scaling well, even if final profits are still modest. The balance sheet is sound, with low leverage and steadily growing equity, and cash flows suggest the company can largely fund its own growth while continuing to invest heavily in its platform. Competitively, Sportradar benefits from exclusive data rights, deep client integration, and significant scale advantages, making its services hard to replace. At the same time, the company operates in a competitive and scrutinized industry, with regulatory, reputational, and technological pressures that require constant attention. Its innovation engine—centered on AI, computer vision, and immersive sports experiences—appears to be a major driver of its future potential. Overall, SRAD looks like a growth-focused sports-tech platform with a strong strategic position, a solid financial base, and meaningful execution and competitive risks that investors would need to track over time.

NEWS

October 28, 2025 · 9:00 AM UTC

Sportradar Named 2025 American Gambling Awards Data Service Provider of the Year

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October 20, 2025 · 4:44 PM UTC

Sportradar to Release Third Quarter 2025 Financial and Operating Results on November 5, 2025

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September 24, 2025 · 8:30 AM UTC

Underdog and Sportradar Team Up to Enhance Player Protection and Support Responsible Gaming

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