All three tenses have at least two readings, so the archetype blend applies as printed.
All nine metrics read as filed from the record.
What did they actually do?
Has it survived what it has been through?
1 warning event since 2019; the latest 2020-11-24.
From the record
Sphere Entertainment Co.'s filings since 2019 show 1 warning event: an auditor change (8-K item 4.01, the latest 2020-11-24) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
+2.8% a year over 8 filed years; profitable in 4 of 8.
From the record
Sphere Entertainment Co.'s 8 filed years say what it did: revenue went from $989 million in fiscal 2018 to $1.2 billion in fiscal 2025, up 2.8% a year; it rose in 4 of 7 years; the deepest fall was 60% from fiscal 2020 to fiscal 2023; net income was positive in 4 of 8 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
Share count grew 8.3% a year. 13% of cash flow returned. Insiders: 0 sales, 0 purchases.
From the record
Over the 4 fiscal years to 2025-12-31, Sphere Entertainment Co.'s diluted share count grew about 8.3% a year, and dividends and buybacks returned about 13% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they doing right now?
Is it financially healthy right now?
ROE 1%: 1¢ of profit per shareholder dollar. Leverage 47%: owes 47¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-12-31, Sphere Entertainment Co. earned about 1 cents of profit for every dollar of shareholders' money. Leverage: it owed about 47 cents per dollar of assets (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
top 28% of 24 in its family; net margin 2.7%.
From the record
Sphere Entertainment Co.'s standing among 24 graded names in its industry family: revenue of $1.2 billion in fiscal 2025 ranks in the top 31% by size; a net margin of 2.7% ranks in the top 27%; revenue growth of 21.9% a year over the last 3 filed years ranks in the top 27% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
top 40% of 10 in its family for leadership; chief executive since 2020.
From the record
Sphere Entertainment Co.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Dolan, James Lawrence (Executive Chairman and CEO, as filed), filing under that title since 2020-04-06, 6.6 years (top 17% of its family); the 21 officers and directors filing in the last fifteen months have been on the record a median of 6.6 years (top 42%); 11 officer or director changes were reported on Form 8-K since 2023-11-13, against the 21 people in charge now (bottom 38%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they set up to do next?
How much room does it have to grow?
top 29% of 23 in its family for room to expand.
From the record
Sphere Entertainment Co.'s room to grow, from the newest filed statements (fiscal 2025): cash of $521 million against debt of $767 million leaves -5.8% of its assets as net cash, top 48% of its family; cash from operations less capital spending is 19.9% of revenue (top 10%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
top 24% of 21 in its family for growth drivers.
From the record
Sphere Entertainment Co.'s growth drivers, from the filed years to fiscal 2025: revenue grew 21.9% a year over the last three filed years against 2.8% over all 8, speeding up (top 7% of its family); the newest year grew 12.2% (top 26%); capital spending grew 60.2% a year (top 37%) (its annual reports). Sphere Entertainment Co. reported 2 lines of business in fiscal 2025: Sphere Entertainment at $781 million, MSG Networks at $439 million. 1 of 2 grew in the latest filed year, and the largest line is 64% of revenue (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
bottom 38% of 18 in its family for expectations against reality.
From the record
Sphere Entertainment Co.'s newest year against its own record: revenue of $1.2 billion in fiscal 2025 came in 8.4% below the $1.3 billion its prior three years' pace pointed to (bottom 31% of its family); net income of $33 million against a prior three-year average of $36 million (top 47%); a net margin of 2.7% against 12.1% before (bottom 31%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made