MSG Knickerbockers Corp. filed its Form 10-Q with the Securities and Exchange Commission on November 6, 2026, reporting financial results for the three months ended September 30, 2026.

Key Highlights

  • Net loss of $31.137 million for the three months ended September 30, 2026, compared with a net loss of $8.798 million in the same period of the prior year, according to the filing.
  • Revenues of $45.489 million for the quarter, up from $39.454 million in the three months ended September 30, 2025.
  • Basic and diluted loss per share of $(1.29) for the quarter, versus $(0.37) in the year-ago period.
  • Operating loss of $25.457 million, compared with an operating loss of $27.425 million in the prior-year quarter.
  • Total assets of $1.526541 billion as of September 30, 2026, against total liabilities of $1.833986 billion, resulting in total equity of $(307.445 million).
  • Cash and cash equivalents declined to $40.046 million as of September 30, 2026, from $164.511 million as of June 30, 2026.
  • Net cash used in operating activities was $146.268 million for the three months ended September 30, 2026, compared with $84.954 million in the prior-year period.

MSG Knickerbockers Corp. Q1 FY2027 Financial Results: Revenue Growth, Wider Net Loss

According to the Form 10-Q filed November 6, 2026, MSG Knickerbockers Corp. (NYSE:MSGK) - formerly known as Madison Square Garden Sports Corp. - reported revenues of $45.489 million for the three months ended September 30, 2026, an increase from $39.454 million in the comparable prior-year period. The filing notes that revenues included $6.902 million from related parties in the current quarter, versus $6.760 million in the prior-year quarter. Despite the revenue improvement, the company reported a net loss of $31.137 million, widening significantly from the $8.798 million net loss recorded in the three months ended September 30, 2025.

The filing attributes a portion of the swing in results to a change in miscellaneous income and expense. The company reported miscellaneous expense, net, of $3.663 million for the current quarter, compared with miscellaneous income, net, of $15.085 million in the prior-year period - a shift the cash flow statement links in part to an unrealized loss on equity investments with readily determinable fair value and warrants of $3.315 million, versus an unrealized gain of $15.500 million a year earlier. Selling, general and administrative expenses were $60.762 million for the quarter, including $15.300 million in net charges from related parties. The filing also discloses $579 thousand in restructuring charges for the current quarter, with no comparable charge in the prior-year period.

As of September 30, 2026, the company reported total assets of $1.526541 billion and total liabilities of $1.833986 billion, resulting in a stockholders' equity deficit of $307.445 million. Deferred revenue stood at $366.415 million on a current basis, up substantially from $165.416 million at June 30, 2026, reflecting the seasonal pattern of the business. As of October 30, 2026, the company reported 19,589,501 shares of Class A Common Stock and 4,529,517 shares of Class B Common Stock outstanding.

What Was Disclosed

MSG Knickerbockers Corp. filed a quarterly report covering the three months ended September 30, 2026, disclosing a net loss of $31.137 million, revenues of $45.489 million, a stockholders' equity deficit of $307.445 million, and net cash used in operating activities of $146.268 million.