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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Jun. 30, 2024
Current Assets:    
Cash and cash equivalents $ 144,617 $ 89,136
Restricted cash [1] 8,571 5,771
Prepaid expenses 43,417 30,956
Other current assets 25,053 25,043
Total current assets 251,095 216,942
Property and equipment, net 28,962 28,541
Right-of-use lease assets 760,456 694,566
Indefinite-lived intangible assets 103,644 103,644
Goodwill 226,523 226,523
Investments 54,720 62,543
Deferred tax assets, net 34,821 0
Other assets 12,753 13,533
Total assets 1,472,974 1,346,292
Current Liabilities:    
Debt 24,000 30,000
Accrued liabilities:    
Employee-related costs 98,924 133,930
League-related accruals 196,567 120,876
Other accrued liabilities 13,093 21,613
Operating lease liabilities, current [2] 52,618 50,267
Deferred revenue 164,178 148,678
Total current liabilities 563,523 521,982
Long-term debt 267,000 275,000
Operating lease liabilities, noncurrent [2] 841,050 749,952
Defined benefit obligations 4,086 4,103
Other employee-related costs 78,092 43,493
Deferred tax liabilities, net 0 16,925
Deferred revenue, noncurrent 662 1,147
Total liabilities 1,754,413 1,612,602
Commitments and contingencies (see Note 12)
Madison Square Garden Sports Corp. Stockholders’ Equity:    
Preferred stock, par value $0.01, 15,000 shares authorized; none outstanding as of June 30, 2025 and 2024 0 0
Additional paid-in capital 15,348 19,079
Treasury stock, at cost, 960 and 1,025 shares as of June 30, 2025 and 2024, respectively (158,543) (169,547)
Accumulated deficit (137,596) (115,139)
Accumulated other comprehensive loss (897) (952)
Total equity (281,439) (266,310)
Total liabilities and equity 1,472,974 1,346,292
Class A Common Stock    
Madison Square Garden Sports Corp. Stockholders’ Equity:    
Common stock, value issued 204 204
Class B Common Stock    
Madison Square Garden Sports Corp. Stockholders’ Equity:    
Common stock, value issued 45 45
Nonrelated Party    
Current Assets:    
Accounts receivable, net 25,855 33,781
Current Liabilities:    
Accounts payable 9,336 9,900
Related Party    
Current Assets:    
Accounts receivable, net 3,582 32,255
Current Liabilities:    
Accounts payable $ 4,807 $ 6,718
[1] See Note 2 for more information regarding the nature of restricted cash
[2] As of June 30, 2025, Operating lease liabilities, current and Operating leases liabilities, noncurrent included balances of $46,040 and $811,190, respectively, that are payable to MSG Entertainment. As of June 30, 2024, Operating lease liabilities, current and Operating leases liabilities, noncurrent included balances of $43,689 and $715,507, respectively, that were payable to Sphere Entertainment.