MSG Rangers Corp. filed a Form 10-Q with the U.S. Securities and Exchange Commission on November 6, 2026, covering the quarterly period ended September 30, 2026, its first fiscal quarter of the year.

Key Highlights

  • Net loss of $16.886 million for the three months ended September 30, 2026, compared to a net loss of $10.805 million in the same period of the prior year, according to the filing.
  • Revenues of $14.089 million for the quarter, up from $13.655 million in the three months ended September 30, 2025.
  • Operating loss of $23.588 million for the quarter, compared to an operating loss of $12.843 million in the prior-year period.
  • Basic and diluted loss per common share of $1.39 for the quarter, versus a loss of $0.89 per share in the same prior-year quarter.
  • Total assets of $601.883 million as of September 30, 2026, compared to $517.294 million as of June 30, 2026.
  • Shares outstanding as of October 30, 2026: 9,794,755 shares of Class A Common Stock and 2,264,754 shares of Class B Common Stock.
  • Emerging growth company status indicated on the filing cover page, with the registrant electing not to use the extended transition period for new or revised accounting standards.

MSG Rangers Corp. First Fiscal Quarter 2027 Financial Results

MSG Rangers Corp. (NYSE:MSGR), which owns and operates the New York Rangers of the National Hockey League as well as the Hartford Wolf Pack of the American Hockey League, reported a net loss of $16.886 million for the three months ended September 30, 2026, according to its quarterly filing. This compares to a net loss of $10.805 million in the three months ended September 30, 2025. The company attributed an income tax benefit of $7.405 million as a partial offset to a pre-tax loss of $24.291 million for the period.

The filing disclosed that revenues increased modestly to $14.089 million from $13.655 million in the year-ago quarter. However, direct operating expenses rose sharply to $8.802 million from $3.596 million, and selling, general and administrative expenses grew to $28.088 million from $22.286 million. The filing also noted restructuring charges of $211 thousand in the current quarter, with no comparable charge in the prior-year period. The company reported share-based compensation expense of $1.500 million for the quarter, down from $1.800 million in the same prior-year period.

On the balance sheet, total liabilities stood at $578.918 million as of September 30, 2026, compared to $550.216 million as of June 30, 2026. Deferred revenue increased to $139.365 million from $75.143 million over the same period, reflecting the seasonal nature of the business. The company's divisional equity shifted to a positive $22.965 million as of September 30, 2026, from a deficit of $32.922 million as of June 30, 2026, driven in part by net transfers from MSG Knicks and MSG Knicks' subsidiaries of $71.273 million during the quarter.

What Was Disclosed

MSG Rangers Corp. disclosed its unaudited combined financial statements for the three months ended September 30, 2026, reporting a net loss of $16.886 million, revenues of $14.089 million, an operating loss of $23.588 million, and total assets of $601.883 million as of the period end.