MSG Knickerbockers Corp.: financial statements

MSGKNYSECommunication services · Services-Miscellaneous Amusement & Recreation

Price

$314.46

November 13, 2026

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The full history: 13 fiscal years, from FY2014
The estimated fair value, with its range and its certainty
The full analysis, 18 a month
More questions to the chat on its filings
Excel with every year
An email when it reports, changes its dividend or an officer buys

Notes on these figures

The share price was recently adjusted for a split or a spin-off that the company's last filing does not include yet. Market value, P/E, yields and the other figures measured against the price would mix the new shares with the old figures, so we leave them out until the next filing.

Financial statements

Each fiscal year's income statement, balance sheet and cash flow as the company filed them, and the latest quarters.

FY2024–FY2026 fiscal years

Click a line to see it on the chart.

Revenue

Line	FY2024	FY2025	FY2026
Revenue	$1.0B	$1.0B	$1.2B
Operating income	$146M	$15M	$29M
Net income	$59M	-$22M	$7.8M
Earnings per share	$2.44	-$0.93	$0.32
Earnings per share, basic	$2.45	-$0.93	$0.32
Margins
Operating margin	14.2%	1.4%	2.5%
Net margin	5.7%	-2.2%	0.7%

Financial statements

MSGK's revenue, profits and cash flows from FY2014 to FY2023, 10 more fiscal years

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By segment

Revenue and operating income by business segment or by product, as the company itself reports them in each year's 10-K. Each year from the latest filing that carries it, so a segment renamed or re-cut shows in its current form.

Segment	FY2017	Share FY2017
Madison Square Garden Sports	$812M	62%
Madison Square Garden Entertainment	$506M	38%

By segment

MSGK's revenue by segment from FY2014 to FY2016, 3 more fiscal years

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Left out: FY2018, FY2019. In those filings two breakdowns were tagged at once (product lines beside regions), so the lines add up to well over the company's revenue.

From the XBRL of 11 of the company's annual reports to the SEC (ASC 280). Amounts in dollars.

Amounts are in dollars as the company filed them in its annual reports (10-K or 20-F). Those reporting in another currency are converted at each fiscal year-end rate. Shares and earnings per share are adjusted for splits.

Debt and obligations

What the company owes beyond the loans on its balance sheet, and when it pays, from the notes to its annual report: debt maturities, leases, pension plans, goodwill by segment, and how it gets to the tax it pays.

$902M Leases57.0% Effective tax rate

Leases

Jun 30, 2026

Operating leases

$902M

Finance leases

–

The liability is the present value of the rent still to pay, at June 30, 2026. It is not counted in the ladder's debt. The filing

Pension plans

Jun 30, 2025

Defined-benefit pensions

–funded

Surplus –.

The obligation is the present value of the pensions employees have already earned, at June 30, 2025. A deficit is the company's to fill with contributions. The filing

ObligationPlan assets

Goodwill by segment

Jun 30, 2026

Total goodwill

$227M

The company does not state its goodwill by segment, at June 30, 2026. The filing

From the statutory to the effective tax rate, FY2026

Jun 30, 2026

Statutory rate

21.0%

Effective rate

57.0%

+36.0 pts

The company paid 57.0% in tax on its profit, 36.0 points above the US federal rate (21.0%). Below, the reasons it gives.

Statutory rate

21.0%

State and local taxes

+25.0 pts

Difference the filing does not itemize

+11.0 pts

Effective rate

57.0%

One point is 1% of profit before tax. The lines are as the company states them in the notes to its annual report. The filing

Claims ahead of shareholders

What stands between the business and its shareholders besides the debt, and the financial assets on the other side, from the latest balance sheet.

$12M securities and stakes

Besides its debt, no other claim large enough to list ranks ahead of the shares.

On the other side, it holds $12M of long-term securities and stakes in other companies, at the value in its accounts.

On the other side

at Sep 30, 2026: $12M

From the balance sheet of September 30, 2026. The retirement and environmental lines and the pension deficit come from the latest annual report when the quarter's filing does not state them, each with its own date. A line is listed when it is at least 0.5% of total assets, as there is no market value to compare with. A description of the balance sheet, not a valuation.

Earnings quality

How the reported earnings were made, read from the filings. A description, not a score: our tests found no link between these measures and later share returns.

Taxes: deferred and paid

The deferred part was 59.2% of the tax charge in the year to Jun 30, 2026. The rows show the last 3 years.

Cash taxes paid were 365.6% of the current tax charge in the year to Jun 30, 2026.

Deferred share, year to Jun 30, 2026$6.1M of $10M: 59.2%
Deferred share, year to Jun 30, 2025-$52M of $5.2M: -1,002.1%
Deferred share, year to Jun 30, 2024-$7.1M of $47M: -15.2%
$15M paid, $4.2M current: 365.6%

When profit in the accounts runs ahead of taxable profit, the deferred part grows. It also moves for reasons unrelated to how earnings are booked: tax-law changes, the use of past losses, and the US rule since 2022 that spreads research costs over five years. Where the notes report it, the tax-rate bridge under Debt and obligations shows how the rate gets from the statutory one to the effective one.

The earnings per share split is not shown: it needs a profit before tax in both years, since a tax rate on a loss has no meaning as a source.

Receivables and inventory against sales are not shown: a figure it needs is missing from the company's structured filings.

The allowance for doubtful accounts is not shown: the company does not tag it in its structured filings.

A reading is called out when it is above the 90th percentile of the same reading across the S&P 500, or, for a fall, below the 10th, as measured on 9 November 2026. Each part uses only the company's own filings.

The full analysis

What do MSG Knickerbockers's filings show?

These are MSG Knickerbockers's figures from its filings. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

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Earnings quality, debt and red flags
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Questions about MSGK's financials

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How much revenue did MSGK have in FY2026?

MSG Knickerbockers had revenue of $1.2B and net income of $7.8M in fiscal FY2026, a net margin of 0.7%.

How much debt does MSGK have?

On June 30, 2026 MSG Knickerbockers had total assets of $1.5B, debt of $259M and shareholders' equity of -$263M.

How much free cash flow does MSGK have?

In fiscal FY2026 MSG Knickerbockers had cash from operations of $63M and spent $1.4M on capital expenditure, leaving $61M of free cash flow.

Where are the figures from?

From MSG Knickerbockers Corp.'s annual and quarterly reports to the SEC, read from the structured data (XBRL) it files itself.

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

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The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.