# ATLANTA BRAVES HOLDINGS, INC. (BATRA) · Edgar & Edgarette company card

> Atlanta Braves Holdings (BATRA) grew revenue 10.5% in FY2025 to $732 million, operating margin -1.8% against a 1.6% median for amusement & recreation services, equity 32.6% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1958140 · fiscal year ended 2025-12-31 · 4 audited years read · [page](https://www.pops4.com/boards/company/BATRA) · [JSON](https://www.pops4.com/boards/company/BATRA.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $732M |
| Revenue growth, 1 year | 10.5% |
| Revenue growth per year | 7.6% |
| Operating margin | -1.8% (prior year -6.0%) |
| Net margin | -3.2% |
| Operating cash flow | $25M |
| Capital spending | $94M |
| Free cash flow | −$68M |
| Cash | $100M |
| Long-term debt | $739M |
| Total assets | $1.6B |
| Total equity | $526M |
| Equity ÷ assets | 32.6% |
| Return on equity | -4.4% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -1.66 (distress zone)
- Piotroski F: 5 of 9 (middling)
- Health Harbor boat: Weathered boat · two warning signs · operating loss: a margin of -1.8% in FY2025; free cash flow was negative: capital spending outran operating cash (-$68.5M in FY2025)
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

Exposure: revenue $732.5M (FY2025), total debt $738.6M. Experience: revenue up 10.5% on the year, up 7.6% a year over 3 years; operating margin -1.8%, up from -6.0%. Soundness: equity 32.6% of assets, return on equity -4.4%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $684.0M and $895.5M next year (method v4.1: its own 3-year record of growth weighed at 40% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $639.0M to $961.3M. A statistical range, not company guidance. Against peers (10 filers, $50M+ revenue, services-amusement & recreation services): operating margin -1.8% against a 1.6% median; growth 10.5% against 10.6%.

Range logged 2026-09-27, receipt dd10233d7d524cf5, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

No warning filings in the window.

## Recent filings

- 10-Q · filed 2026-11-04 · [filing](https://www.sec.gov/Archives/edgar/data/1958140/000110465926122382/0001104659-26-122382-index.htm)
- 8-K · filed 2026-11-04 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1958140/000110465926122376/0001104659-26-122376-index.htm)
- 10-Q · filed 2026-08-05 · [filing](https://www.sec.gov/Archives/edgar/data/1958140/000110465926091124/0001104659-26-091124-index.htm)
- 8-K · filed 2026-08-05 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1958140/000110465926090742/0001104659-26-090742-index.htm)
- 8-K · filed 2026-05-22 · 5.07 Submission of Matters to a Vote of Security Holders · [filing](https://www.sec.gov/Archives/edgar/data/1958140/000110465926065691/0001104659-26-065691-index.htm)
- 10-Q · filed 2026-05-11 · [filing](https://www.sec.gov/Archives/edgar/data/1958140/000110465926058558/0001104659-26-058558-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001958140.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1958140

## Cite

POPS4, Edgar & Edgarette: ATLANTA BRAVES HOLDINGS, INC. (BATRA) company card, from the company's own SEC filings, accessed 2026-11-12, https://www.pops4.com/boards/company/BATRA. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.