Genius Sports (GENI) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 62% YoY to $269.9m; adjusted EBITDA reached $87.1m, and operating income was $10.4m.

• Free cash flow was $53.6m; FY26 revenue and adjusted EBITDA guidance increased to $1.015b-$1.035b and $287m-$297m.

• Legend integration progressed across operations, technology and data, with revenue synergies contributing to outperformance.

Financial highlights

• Q3 gross profit was $92.0m vs. $41.3m; gross margin rose to 34% from 25% a year earlier.

• Q3 GAAP net loss narrowed to $15.7m from $28.8m; diluted loss per share was $0.06 vs. $0.11.

• Q3 adjusted EBITDA rose 156% YoY to $87.1m; margin was 32.3% vs. 20.4%.

• 9M revenue was $653.3m vs. $454.2m; net loss was $147.9m vs. $91.0m, and adjusted EBITDA was $163.7m vs. $87.9m.

• Q3 stock-based compensation was $15.2m, or 5.6% of revenue vs. 15.6% a year earlier; adjusted EBITDA also excluded litigation and acquisition-related costs.

Outlook and guidance

• FY26 revenue guidance rose to $1.015b-$1.035b and adjusted EBITDA to $287m-$297m; midpoint adjusted EBITDA margin guidance is 28.5%.

• H2 2026 free cash flow is expected to exceed $100m; year-end cash is forecast at ~$260m.

• 2028 targets remain 35% adjusted EBITDA margin and at least 60% unlevered FCF conversion; net leverage is expected to reach ~2x by year-end 2026 and decline further in 2027.