The company's capital structure is increasingly dominated by intangible assets, with goodwill reaching $1.9 billion as of 2026Q1, representing approximately 68% of total assets.
| Total Current Assets | 638.17M | 670.19M | 573.25M | 449.07M | 402.19M | 850.04M | 550.36M | 126.1M |
| Cash & Short-Term Investments | 322.12M | 365.14M | 348.36M | 277.17M | 243.76M | 742.77M | 471.73M | 64.01M |
| Cash Only | 322.12M | 365.14M | 348.36M | 277.17M | 243.76M | 742.77M | 471.73M | 64.01M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 229.56M | 232.79M | 184.17M | 142.64M | 122.93M | 82.37M | 60.95M | 42.03M |
| Days Sales Outstanding | 55.19 | 68.58 | 60.75 | 59.32 | 61.45 | 53.57 | 54.94 | 40.33 |
| Inventory | 0 | 0 | 5.7M | 5.99M | 5.71M | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | 4.36 | 6.47 | 6.98 | - | - | - |
| Other Current Assets | 86.5M | 72.26M | 1.18M | 907K | 904K | 4.79M | 3.74M | 4.23M |
| Total Non-Current Assets | 2.12B | 2.2B | 1.72B | 1.8B | 986.87M | 921.08M | 620.6M | 670.76M |
| Property, Plant & Equipment | 77.97M | 79.31M | 66.24M | 72.76M | 37.89M | 35.92M | 41.58M | 43.7M |
| Fixed Asset Turnover | 17.39x | 15.62x | 16.71x | 12.06x | 19.27x | 15.62x | 9.74x | 8.71x |
| Goodwill | 1.95B | 0 | 318.41M | 296.4M | 303.99M | 248.15M | 105.36M | 109.09M |
| Intangible Assets | 0 | 2.03B | 1.29B | 1.4B | 539.64M | 560.32M | 318.08M | 363.25M |
| Long-Term Investments | 10.38M | 0 | 11.72M | 11.81M | 39.91M | 11.41M | 29.82M | 26.53M |
| Other Non-Current Assets | 62.12M | 60.49M | 0 | 0 | 38.43M | 38.36M | 98.58M | 99.59M |
| Total Assets | 2.75B | 2.87B | 2.29B | 2.25B | 1.39B | 1.77B | 1.17B | 796.86M |
| Asset Turnover | 0.51x | 0.43x | 0.48x | 0.39x | 0.53x | 0.32x | 0.35x | 0.48x |
| Asset Growth % | 45.53% | 25.14% | 2.1% | 61.79% | -21.57% | 51.25% | 46.95% | - |
| Total Current Liabilities | 603.75M | 574.39M | 373.83M | 356.11M | 309.49M | 253.24M | 244.41M | 215.82M |
| Accounts Payable | 447.37M | 426.68M | 259.74M | 259.67M | 204.99M | 150.01M | 160.86M | 137.81M |
| Days Payables Outstanding | 163.31 | 159.32 | 198.33 | 280.75 | 250.69 | 508.72 | 705.57 | 939.64 |
| Short-Term Debt | 10.94M | 11.01M | 54K | 49K | 59K | 73K | 9.84M | 18.88M |
| Deferred Revenue (Current) | 108.38M | 35.18M | 30.2M | 26.59M | 23.17M | 22.96M | 27.19M | 24.5M |
| Other Current Liabilities | 94.13M | 94.64M | 14.74M | 18.1M | 28.34M | 27.14M | 20.13M | 11.73M |
| Current Ratio | 1.06x | 1.17x | 1.53x | 1.26x | 1.30x | 3.36x | 2.25x | 0.58x |
| Quick Ratio | 1.06x | 1.17x | 1.52x | 1.24x | 1.28x | 3.36x | 2.25x | 0.58x |
| Cash Conversion Cycle | -108.12 | - | -133.23 | -214.95 | -182.26 | - | - | - |
| Total Non-Current Liabilities | 1.25B | 1.32B | 990.96M | 1.02B | 322.14M | 782.25M | 725.73M | 408.12M |
| Long-Term Debt | 50.75M | 51.82M | 0 | 145K | 772K | 411.38M | 502.46M | 135.4M |
| Capital Lease Obligations | 0 | 0 | 36.7M | 40.41M | 14.71M | 17.89M | 24.45M | 25.34M |
| Deferred Tax Liabilities | 45.51M | 16.14M | 19.04M | 21.32M | 26.05M | 25.48M | 6.92M | 6.02M |
| Other Non-Current Liabilities | 1.15B | 1.21B | 897.51M | 917M | 275.36M | 327.51M | 183.64M | 226.21M |
| Total Liabilities | 1.86B | 1.89B | 1.36B | 1.37B | 631.63M | 1.04B | 970.13M | 623.94M |
| Total Debt | 61.68M | 62.83M | 46.72M | 50.15M | 22.84M | 435.35M | 536.75M | 179.62M |
| Net Debt | -260.44M | -302.31M | -301.64M | -227.03M | -220.91M | -307.42M | 65.02M | 115.62M |
| Debt / Equity | 0.07x | 0.06x | 0.05x | 0.06x | 0.03x | 0.59x | 2.67x | 1.04x |
| Debt / EBITDA | 0.20x | 0.36x | 0.11x | 0.18x | 0.11x | 2.39x | 3.14x | 1.09x |
| Net Debt / EBITDA | -0.84x | -1.71x | -0.72x | -0.80x | -1.05x | -1.69x | 0.38x | 0.70x |
| Interest Coverage | 2.02x | 1.35x | 1.29x | 2.50x | 1.40x | 1.73x | 2.04x | 0.24x |
| Total Equity | 899.11M | 977.92M | 929.85M | 872.84M | 757.43M | 735.63M | 200.82M | 172.91M |
| Equity Growth % | 12.86% | 5.17% | 6.53% | 15.24% | 2.96% | 266.31% | 16.14% | - |
| Book Value per Share | 3.02 | 3.06 | 2.93 | 2.75 | 2.42 | 2.64 | 0.68 | 0.58 |
| Total Shareholders' Equity | 899.11M | 977.92M | 925.15M | 867.79M | 751.59M | 738.82M | 204.67M | 176.26M |
| Common Stock | 27.61M | 27.57M | 27.55M | 27.42M | 27.32M | 27.3M | 566.5K | 519.72K |
| Retained Earnings | 317.52M | 341.91M | 221.94M | 173.63M | 117.16M | 89.69M | 83.23M | 57.05M |
| Treasury Stock | -123.25M | -79.35M | -18.81M | -2.32M | -2.71M | 0 | -2.41M | 0 |
| Accumulated OCI | 0 | 0 | 26.22M | 15.23M | 19.62M | 15.78M | 1.05M | -2.28M |
| Minority Interest | 1K | 2K | 4.69M | 5.04M | 5.84M | -3.19M | -3.85M | -3.35M |
Rights cost inflation volatility
According to recent financial statements, Sportradar's total assets grew from $2.2 billion in 2023Q4 to $2.8 billion by 2026Q1, while equity remained relatively stagnant, suggesting that the company is increasingly relying on external liabilities to fund its aggressive expansion of data rights and intangible assets.
The divergence between asset growth and equity accumulation indicates that the company's capital base is not scaling proportionally with its footprint. Investors should monitor whether this reliance on debt-like obligations to finance rights acquisitions will eventually pressure the company's long-term solvency ratios.
As reported in the company's balance sheet data, goodwill has surged to $1.9 billion as of 2026Q1, representing approximately 68% of total assets, which suggests that the firm's valuation is heavily dependent on past acquisitions rather than tangible infrastructure or physical property, plant, and equipment.
The high concentration of goodwill warrants further investigation into potential impairment risks, especially if the competitive bidding environment for sports rights leads to lower-than-expected returns on invested capital. The minimal PPE balance confirms an asset-light model that is highly sensitive to the valuation of its intangible rights portfolio.
Based on the provided quarterly figures, Sportradar maintained a current ratio of 1.06 in 2026Q1, down from a peak of 1.53 in 2024Q4, indicating that while the company's immediate liquidity remains adequate, its margin of safety against short-term operational shocks has tightened significantly over the last eighteen months.
The reduction in the current ratio appears to be driven by the timing of rights payments and working capital fluctuations. While the cash position of $322.1 million provides a reasonable cushion, the trend suggests that management is utilizing cash more aggressively to fund operations or buybacks, reducing the buffer available for unexpected regulatory or competitive costs.
As indicated by the company's reported figures, equity has fluctuated within a narrow range despite significant operational activity, suggesting that stock-based compensation and potential share repurchases are creating a churn in the capital structure that prevents meaningful growth in retained earnings for long-term shareholders.
The stagnation in equity value, despite the company's growth narrative, may imply that the benefits of operational scaling are being offset by dilution or capital return programs. Investors should scrutinize the impact of SBC on the equity base to determine if the current capital allocation strategy is truly accretive to per-share value.
Quick answers to the most common questions about buying SRAD stock.
As of 2025, Sportradar Group AG (SRAD) had total assets of $2.87B including $670.2M in current assets.
Sportradar Group AG (SRAD) carries total debt of $62.8M, offset by $365.1M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Sportradar Group AG (SRAD) has total shareholders' equity (book value) of $977.9M ($3.06 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Sportradar Group AG (SRAD) reported a current ratio of 1.17x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.