Revenue growth remains strong at 30.5% year-over-year, but profitability is hampered by structural costs, resulting in a 22.9% gross margin and a -$29.6M operating loss in 2026Q1.
| Sales/Revenue | 713.45M | 669.49M | 510.89M | 412.98M | 341.03M | 262.74M | 149.74M | 114.62M | 87.58M |
| Revenue Growth % | 33.31% | 31.04% | 23.71% | 21.1% | 29.8% | 75.46% | 30.64% | 30.87% | - |
| Cost of Goods Sold | 552.15M | 515.65M | 382.19M | 343.97M | 338.17M | 476.17M | 114.07M | 89.31M | 51.81M |
| COGS % of Revenue | - | 77.02% | 74.81% | 83.29% | 99.16% | 181.24% | 76.18% | 77.92% | 59.15% |
| Gross Profit | 161.29M | 153.84M | 128.71M | 69M | 2.86M | -213.43M | 35.67M | 25.31M | 35.78M |
| Gross Margin % | 22.61% | 22.98% | 25.19% | 16.71% | 0.84% | -81.24% | 23.82% | 22.08% | 40.85% |
| Gross Profit Growth % | - | 19.53% | 86.52% | 2310.23% | 101.34% | -698.3% | 40.95% | -29.26% | - |
| Operating Expenses | 291.79M | 258.44M | 187.24M | 143.16M | 185.74M | 359.86M | 56.71M | 61.5M | 53.02M |
| OpEx % of Revenue | - | 38.6% | 36.65% | 34.67% | 54.46% | 136.97% | 37.87% | 53.65% | 60.53% |
| Selling, General & Admin | 256.19M | 227.35M | 160.42M | 114.6M | 154.17M | 320.46M | 44.8M | 47.2M | 30.91M |
| SG&A % of Revenue | - | 33.96% | 31.4% | 27.75% | 45.21% | 121.97% | 29.92% | 41.18% | 35.29% |
| Research & Development | 33.54M | 31.09M | 24.58M | 26.07M | 29.89M | 26.51M | 11.24M | 18.19M | 25.62M |
| R&D % of Revenue | - | 4.64% | 4.81% | 6.31% | 8.77% | 10.09% | 7.51% | 15.87% | 29.25% |
| Other Operating Expenses | 1000K | 0 | 2.25M | 2.49M | 1.67M | 12.89M | 672K | -3.9M | -3.51M |
| Operating Income | -130.49M | -104.59M | -58.54M | -74.16M | -182.87M | -573.29M | -21.04M | -36.19M | -17.24M |
| Operating Margin % | -18.29% | -15.62% | -11.46% | -17.96% | -53.62% | -218.2% | -14.05% | -31.57% | -19.68% |
| Operating Income Growth % | - | -78.68% | 21.06% | 59.45% | 68.1% | -2625.03% | 41.87% | -109.95% | - |
| EBITDA | -54.38M | -32.65M | 14.04M | 3.15M | -114.34M | -513.94M | 14.01M | -13.12M | 63K |
| EBITDA Margin % | -7.62% | -4.88% | 2.75% | 0.76% | -33.53% | -195.61% | 9.35% | -11.44% | 0.07% |
| EBITDA Growth % | -513.62% | -332.62% | 345.56% | 102.75% | 77.75% | -3769.7% | 206.79% | -20917.46% | - |
| D&A (Non-Cash Add-back) | 76.12M | 71.94M | 72.57M | 77.31M | 68.53M | 59.35M | 35.04M | 23.07M | 17.3M |
| EBIT | -146.37M | -104.59M | -56.29M | -71.66M | -181.2M | -601.12M | -20.66M | -35.18M | -11.54M |
| Net Interest Income | -1.93M | -6K | 921K | 1.95M | -1.49M | -3.33M | -7.87M | -6.84M | 0 |
| Interest Income | 0 | 0 | 921K | 1.95M | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 1.93M | 6K | 0 | 0 | 1.49M | 3.33M | 7.87M | 6.84M | 0 |
| Other Income/Expense | -31.48M | -9.48M | -3.99M | -6.04M | 2.95M | -31.16M | -7.5M | 1.35M | -9.21M |
| Pretax Income | -161.98M | -114.08M | -62.53M | -80.19M | -179.92M | -604.45M | -28.54M | -34.84M | -26.44M |
| Pretax Margin % | -22.7% | -17.04% | -12.24% | -19.42% | -52.76% | -230.06% | -19.06% | -30.4% | -30.19% |
| Income Tax | -3.12M | -2.5M | 509K | 5.34M | 1.71M | -11.7M | 1.81M | 5.37M | -1.15M |
| Effective Tax Rate % | 1.93% | 2.19% | -0.81% | -6.66% | -0.95% | 1.94% | -6.35% | -15.4% | 4.36% |
| Net Income | -158.85M | -111.58M | -63.04M | -85.53M | -181.64M | -592.75M | -30.35M | -40.21M | -25.29M |
| Net Margin % | -22.27% | -16.67% | -12.34% | -20.71% | -53.26% | -225.61% | -20.27% | -35.08% | -28.87% |
| Net Income Growth % | -247.62% | -77% | 26.3% | 52.91% | 69.36% | -1853.19% | 24.52% | -59% | - |
| Net Income (Continuing) | -158.85M | -111.58M | -63.04M | -85.53M | -181.64M | -592.75M | -30.35M | -40.21M | -25.29M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.59 | -0.44 | -0.27 | -0.38 | -0.91 | -3.93 | -0.17 | -0.23 | -0.10 |
| EPS Growth % | -226.81% | -62.96% | 28.95% | 58.24% | 76.84% | -2211.76% | 26.09% | -137.85% | - |
| EPS (Basic) | - | -0.44 | -0.27 | -0.38 | -0.91 | -3.93 | -0.17 | -0.23 | -0.10 |
| Diluted Shares Outstanding | 269.37M | 254.76M | 229.51M | 225.88M | 198.94M | 150.91M | 178.59M | 178.59M | 261.44M |
| Basic Shares Outstanding | 269.37M | 254.76M | 229.51M | 225.88M | 198.94M | 150.91M | 178.59M | 178.59M | 261.44M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
Escalating Rights Cost Pressure
According to recent financial disclosures, GENI achieved a 30.5% year-over-year revenue increase in 2026Q1, demonstrating sustained top-line momentum despite the inherent volatility of the global sports calendar and the company's heavy reliance on high-volume, performance-linked betting technology contracts across its primary US and European markets.
The consistent double-digit revenue growth suggests that the company is successfully capturing market share within the expanding US legal betting landscape. However, investors should monitor whether this growth is primarily driven by organic volume expansion or if it remains overly sensitive to the cyclical nature of the NFL season.
As reported in quarterly filings, the company's gross margin fluctuated significantly, reaching 22.9% in 2026Q1, which highlights the persistent pressure exerted by fixed minimum guarantee payments owed to sports leagues that often outpace the immediate revenue generated from the underlying data feeds and betting technology services.
The volatility in gross margins suggests that the company lacks the pricing power to fully pass through the escalating costs of Tier-1 sports rights to its sportsbook clients. This structural limitation implies that margin expansion may remain elusive until the company achieves a higher degree of operating scale.
Based on the provided income statement data, operating expenses continue to scale alongside revenue, with SG&A costs of $61.2M in 2026Q1 preventing the company from achieving positive operating income, suggesting that the anticipated benefits of operating leverage have yet to materialize in the current business model.
The persistent operating losses indicate that the company's cost structure is heavily weighted toward fixed personnel and infrastructure expenses. Investors should remain cautious, as the lack of clear operating leverage suggests that revenue growth alone may not be sufficient to drive the company toward sustained profitability.
Analysis of historical financial statements reveals that net income is frequently impacted by significant non-cash items, including stock-based compensation and warrant revaluations, which complicates the assessment of the company's true underlying profitability and masks the core operational performance of the technology platform during recent reporting periods.
The reliance on equity-based adjustments to bridge the gap between GAAP losses and operational metrics warrants further investigation into the company's long-term cash-generating potential. The significant fluctuations in net income suggest that investors should prioritize adjusted EBITDA or cash flow metrics over headline EPS figures.
Data from recent filings indicates that the company's aggressive pursuit of exclusive Tier-1 sports rights may be creating a long-term margin trap, as the escalating cost of these mandates threatens to permanently compress profitability despite the company's successful expansion into higher-margin streaming and media-integrated betting products.
Short-term revenue growth may be masking a fundamental risk where the cost of maintaining exclusivity exceeds the incremental value captured from sportsbook operators. If rights renewals continue to reset at higher levels, the company may struggle to reach the profitability inflection point that the current valuation appears to assume.
Quick answers to the most common questions about buying GENI stock.
For fiscal year 2025, Genius Sports Limited (GENI) reported total revenue of $669.5M. This represents a 664.4% increase compared to $87.6M in 2018.
Genius Sports Limited (GENI) reported a net loss of $111.6M for the fiscal year ending 2025.
Genius Sports Limited (GENI) reported an operating income of $-104.6M, resulting in an operating profit margin of -15.6%. This margin reflects the operational efficiency of the business before interest and taxes.
Genius Sports Limited (GENI) generated $153.8M in gross profit for the year, representing a gross profit margin of 23.0%. This demonstrates the company's core pricing power and production efficiency.