SRAD

MKT CAP:$4B

Sportradar Group AG

Market Cap

$4B

Technology·Software - Application·🇨🇭 Switzerland·NASDAQ

Technology·Software App·🇨🇭·NASDAQ

Stock Price

$13.04-$10.28 (-44.08%)

Apr 22, 2026

Company Details

Sportradar Group AG, together with its subsidiaries, provides sports data services for the sports betting and media industries in the United Kingdom, the United States, Malta, Switzerland, and internationally. Its sports data services to th...

CEO

Carsten Koerl

IPO Date

Sep 14, 2021

Website

www.sportradar.com

Key Metrics TTM

Revenue

$1.4B

+94.2% YoY

Net Income

$133M

EPS (Diluted)

$0.41

Free Cash Flow

$372M

Revenue / Share

$4.52

Gross Margin

49.8%

Operating Margin

11.0%

Net Margin

9.2%

FCF Margin

25.9%

P/S

2.8x

P/E

30.4x

Earnings Reports

Q1 2026

May 11, 2026

PENDING

FY 2025

Dec 30, 2025

$1.4B+12.0%EPS $0.35

Q4 2025

Mar 3, 2026

$427MEPS $0.02

Q3 2025

Nov 5, 2025

$341M+14.5%EPS $0.08

Q2 2025

Aug 5, 2025

$372MEPS $0.18

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 20	$96M	$71M	$15M
Q3 20	$123M	$94M	$14M
Q2 21	$168M	$134M	$22M
Q2 22	$207M	$162M	$5M
Q1 23	$243M	$102M	$100M
Q3 24	$298M	$190M	$45M
Q2 25	$372M	$205M	$33M
Q3 25	$341M	$218M	$55M
Q4 25	$427M	$102M	$26M

Valuation

Quarter	P/S	P/E
Q2 20	—	—
Q3 20	—	—
Q2 21	—	—
Q2 22	6.8x	109.9x
Q1 23	5.4x	112.8x
Q3 24	4.4x	41.9x
Q2 25	3.6x	29.6x
Q3 25	3.2x	29.7x
Q4 25	2.8x	30.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 20	$53M	$52M
Q3 20	$46M	$46M
Q2 21	$29M	-$1M
Q2 22	$50M	$7M
Q1 23	$67M	$20M
Q3 24	$138M	$75M
Q2 25	$114M	$63M
Q3 25	$135M	$133M
Q4 25	$103M	$101M

Capital Expenditures

Quarter	CapEx
Q2 20	$582.3K
Q3 20	$319.2K
Q2 21	$30M
Q2 22	$43M
Q1 23	$48M
Q3 24	$63M
Q2 25	$51M
Q3 25	$1M
Q4 25	$2M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+152.5%	+76.2%
Q3 24	+142.3%	+131.5%
Q2 25	+121.3%	+132.9%
Q3 25	+64.8%	+41.4%
Q4 25	+76.1%	+182.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 20	$0	0.0%
Q3 20	$57.3K	0.0%
Q2 21	$5M	3.2%
Q2 22	$10M	5.0%
Q1 23	$10M	4.2%
Q3 24	$15M	5.1%
Q2 25	$16M	4.3%
Q3 25	$17M	5.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	SG&A
Q2 20	$28M	—
Q3 20	$37M	—
Q2 21	$55M	—
Q2 22	$75M	—
Q3 24	$103M	—
Q2 25	$119M	—
Q3 25	$110M	—
Q4 25	—	$76M

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q2 20	—	36.1%	—
Q3 20	—	44.5%	—
Q2 21	—	39.2%	—
Q2 22	—	45.3%	—
Q1 23	152.5%	31.2%	183.7
Q3 24	142.3%	43.7%	186.1
Q2 25	121.3%	54.8%	176.1
Q3 25	64.8%	36.3%	101.1
Q4 25	76.1%	10.7%	86.8

Rule of 40

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$837M	$0	$837M
Q2 22	$837M	$0	$837M
Q3 22	$599M	$0	$599M
Q4 22	$285M	$0	$285M
Q1 23	$280M	$0	$280M
Q2 23	$336M	$0	$336M
Q3 23	$339M	$0	$339M
Q4 23	$324M	$0	$324M
Q1 24	$347M	$0	$347M
Q2 24	$377M	$0	$377M
Q3 24	$431M	$0	$431M
Q4 24	$407M	$0	$407M
Q1 25	$418M	$0	$418M
Q2 25	$365M	$0	$365M
Q3 25	$421M	$0	$421M
Q4 25	$427M	$0	$427M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 20	296M	—	—
Q3 20	296M	0.0%	—
Q2 21	296M	-0.1%	—
Q2 22	311M	+5.2%	—
Q1 23	310M	-0.4%	+4.7%
Q3 24	318M	+2.8%	+7.6%
Q2 25	320M	+0.5%	+8.2%
Q3 25	319M	-0.2%	+2.7%
Q4 25	318M	-0.3%	+2.8%

Shares Outstanding