7Baggers
Quarterly
Annual
    Unit: USD2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 
      
    		                          
      cash flows from operating activities
    		                          
      net income
    		-8,026,000 188,488,000 -40,932,000 -52,848,000 -25,727,000 -56,584,000 -70,527,000 -83,816,000 -49,950,000 -83,624,000 -152,082,000 -152,746,000 -116,274,000 -140,817,000 -111,982,000 -105,865,000 -94,930,000 -70,186,000 -195,328,000 -247,966,000 -104,695,000 -6,909,000 -3,365,000 -2,867,000 -5,344,282 -4,865,718 
      less: net income from discontinued operations, net of tax
    		  0 1,836,000 106,000 -255,000                     
      net income from continuing operations
    		-8,026,000 188,488,000 -40,932,000 -54,684,000 -25,833,000 -56,329,000 -71,040,000 -84,485,000 -54,209,000 -83,368,000                 
      adjustments to reconcile net income to net cash from operating activities:
    		                          
      depreciation and amortization
    		10,138,000 9,908,000 9,952,000 9,816,000 9,519,000 9,261,000 9,638,000 9,103,000 8,913,000 8,842,000 8,229,000 8,521,000 8,519,000 11,462,000 10,093,000 9,332,000 9,247,000 9,209,000 9,922,000 14,413,000   5,158,000 5,158,000   
      stock-based compensation
    		8,256,000 3,464,000 9,901,000 9,324,000 10,308,000 12,977,000 11,764,000 12,707,000 13,056,000 13,688,000 5,160,000 13,636,000 14,209,000 19,449,000 17,324,000 12,667,000 24,431,000 9,374,000 26,658,000 6,305,000       
      amortization of debt premium
    		-367,000 -361,000                         
      gain on extinguishment of debt
    		  0 -7,752,000 -12,124,000 -9,637,000                     
      deferred income tax provision
    		152,000 4,648,000   99,000 113,000                     
      amortization of right-of-use assets
    		930,000 951,000 1,139,000 885,000 970,000 994,000 789,000 978,000 692,000 667,000 130,000 836,000 1,211,000 901,000 460,000 360,000 373,000 251,000 247,000 267,000 154,000 20,000 20,000 6,000   
      other adjustments
    		191,000 186,000 182,000 177,000 173,000 168,000 215,000 161,000 156,000 163,000 -416,000 918,000 833,000 -180,000 134,000 204,000 250,000 -5,000 -564,000  -668,000      
      changes in operating assets and liabilities of business:
    		                          
      accounts receivable
    		-3,555,000 13,653,000 5,564,000 -4,913,000 1,768,000 6,615,000 -18,077,000 -13,295,000 -7,567,000 2,739,000 46,000 -12,300,000 1,789,000 687,000 -6,421,000 -5,224,000 -2,940,000 -473,000 -10,520,000 -2,863,000 4,085,000      
      prepaid expenses and other assets
    		5,420,000 -4,055,000 3,435,000 478,000 3,317,000 419,000 -325,000 -9,004,000 -7,046,000 1,877,000 -897,000 23,609,000 -7,485,000 -16,177,000 987,000 -5,004,000 -3,164,000 -2,419,000         
      prepaid sports rights
    		-12,567,000 10,902,000 10,956,000 -429,000 9,261,000 -4,399,000 -400,000 -2,252,000 7,858,000 -6,731,000 -3,426,000                
      accounts payable
    		-7,702,000 -17,073,000 7,564,000 23,821,000 -15,031,000 -22,102,000 14,180,000 13,171,000 -15,742,000 -4,974,000 -7,159,000 21,467,000 3,452,000 -5,746,000 -11,921,000 19,951,000 9,918,000 -8,528,000 -47,022,000  2,657,000 2,670,000 -23,000 172,000 254,043 -19,043 
      accrued expenses and other liabilities
    		-17,724,000 -38,040,000 15,270,000 10,887,000 -9,291,000 -3,227,000 51,575,000 23,450,000 -11,276,000 -11,569,000 59,347,000 -2,762,000 -8,456,000 1,987,000             
      deferred revenue
    		-8,313,000 -9,890,000 -4,559,000 16,719,000 -3,431,000 -381,000 4,231,000 25,202,000 -5,707,000 1,048,000 6,654,000 16,410,000 -665,000 -1,297,000 7,589,000 11,398,000 4,297,000 2,771,000 2,004,000 6,569,000       
      lease liabilities
    		-1,450,000 -1,379,000 -1,298,000 -1,326,000 -1,311,000 -1,265,000 -1,144,000 -1,059,000 -680,000 70,000 856,000 145,000 -225,000 434,000 352,000 -354,000           
      net cash from operating activities - continuing operations
    		-34,617,000 161,402,000 20,850,000 2,443,000 -31,874,000 -67,046,000 -57,000 -24,921,000 -71,028,000 -77,039,000                 
      net cash from operating activities - discontinued operations
    		  -1,014,000 -2,208,000 -396,000 -233,000 -2,008,000 -1,337,000 -82,000 -1,150,000                 
      net cash from operating activities
    		-34,617,000 161,402,000 19,836,000 235,000 -32,270,000 -67,279,000 -2,065,000 -26,258,000 -71,110,000 -78,189,000 -22,237,000 -76,632,000 -91,147,000 -126,685,000 -49,571,000 -55,606,000 -33,557,000 -53,867,000 -76,568,000 -30,136,000 474,000 2,805,000   -691,032 -856,968 
      capex
    		-3,226,000 -3,701,000 -3,483,000 -3,566,000 -3,429,000 -3,717,000 -5,103,000 -4,579,000 -4,753,000 -3,918,000 -1,322,000 -1,661,000 -1,121,000 -1,883,000 -1,192,000 -1,724,000 -1,499,000 -639,000 -63,000 0 0 0   0 0 
      free cash flows
    		-37,843,000 157,701,000 16,353,000 -3,331,000 -35,699,000 -70,996,000 -7,168,000 -30,837,000 -75,863,000 -82,107,000 -23,559,000 -78,293,000 -92,268,000 -128,568,000 -50,763,000 -57,330,000 -35,056,000 -54,506,000 -76,631,000 -30,136,000 474,000 2,805,000   -691,032 -856,968 
      cash flows from investing activities
    		                          
      purchases of property and equipment
    		-366,000 -348,000 -828,000 -1,583,000 -208,000 -108,000 -696,000 -108,000 -165,000 -102,000 16,000 -91,000 -198,000 -857,000 -1,192,000 -1,724,000 -1,499,000 -639,000 -63,000        
      capitalization of internal use software
    		-2,860,000 -3,353,000 -2,655,000 -1,983,000 -3,221,000 -3,609,000 -4,407,000 -4,471,000 -4,588,000 -3,816,000 -1,338,000 -1,570,000 -923,000 -1,026,000             
      purchase of intangible assets
    		  -1,100,000 0 0 -540,000 -693,000        21,647,000 -28,771,000     0      
      net cash from investing activities - continuing operations
    		-3,276,000 -3,701,000    -4,257,000 -9,279,000 -7,467,000 -4,753,000 -3,918,000                 
      net cash from investing activities - discontinued operations
    		                          
      net cash from investing activities
    		-3,276,000 -3,701,000 -4,583,000 -3,566,000 -3,429,000 -4,257,000 -9,279,000 -7,467,000 -4,753,000 -3,918,000 98,404,000 -3,661,000 -101,271,000 -5,895,000 -40,499,000 -30,495,000 -2,799,000 -2,379,000 -108,000 -652,000 -116,000 1,999,000 427,000 -801,000   
      cash flows from financing activities
    		                          
      proceeds from the issuance of common stock, net of offering costs
    		  -34,000 6,470,000 36,875,000 -15,000 -4,000 -13,000                   
      repurchase of convertible notes
    		  0 -11,900,000                       
      vested restricted stock units settled for cash
    		  0 0 0 -181,000 0 0 0 -125,000                 
      payments for financing costs
    		  0 -25,000 -68,000 -4,589,000                     
      proceeds from exercise of stock options
    		0 2,700,000 0 0 1,000 2,000 114,000 164,000 49,000 46,000 80,000 177,000 129,000 443,000  570,000 1,200,000 776,000         
      repayments of notes payable and long-term borrowings
    		-136,000 -216,000 35,000 -224,000 -118,000 -107,000 -106,000 -9,000 -109,000 -217,000 -210,000 -113,000    0           
      net cash from financing activities - continuing operations
    		-136,000 2,484,000    -4,890,000 -3,309,000 142,000 10,713,000 103,687,000                 
      net cash from financing activities - discontinued operations
    		                          
      net cash from financing activities
    		-136,000 2,484,000 1,000 -5,679,000 22,033,000 -4,890,000 -3,309,000 142,000 10,713,000 103,687,000 63,033,000 8,836,000 15,193,000 209,208,000  72,489,000 -16,435,000 384,960,000  62,241,000 1,370,000 941,000 384,000 1,658,000 685,481 524,519 
      net increase in cash, cash equivalents and restricted cash
    		-38,029,000 160,185,000    -76,426,000    21,580,000 139,200,000 -71,457,000 -177,225,000 76,628,000  -13,612,000 -52,791,000 328,714,000         
      cash, cash equivalents and restricted cash at beginning of period
    		0 167,572,000 0 0 0 251,420,000 0 0 0 343,226,000 -3,326,000 0 0 379,406,000  0 0 136,221,000         
      cash, cash equivalents and restricted cash at end of period
    		-38,029,000 327,757,000 15,254,000 -9,010,000 -13,666,000 174,994,000 -14,653,000 -33,583,000 -65,150,000 364,806,000 135,874,000 -71,457,000 -177,225,000 456,034,000  -13,612,000 -52,791,000 464,935,000         
      supplemental disclosure of cash flows information:
    		                          
      interest paid
    		12,000 9,020,000 313,000 9,533,000 349,000 4,745,000 49,000 6,541,000 29,000 6,550,000 317,000 6,830,000 -8,000 6,647,000          68,000   
      income taxes paid
    		212,000 12,000  70,000 93,000 27,000  184,000 0 6,000                 
      non-cash financing and investing activities:
    		                          
      unpaid at-the-market offering costs included in accrued expenses
    		                          
      unpaid financing costs included in accounts payable
    		                          
      unpaid property and equipment included accounts payable
    		                          
      accounts payable - financing costs
    		    -68,000 93,000                     
      impairment of other assets
    		                          
      amortization of debt (premium) discount
    		  -355,000 -348,000 -268,000 -253,000                     
      change in fair value of warrant liabilities
    		          0 0 0 1,701,000 -4,773,000 -4,490,000 6,019,000 585,000         
      changes in operating assets and liabilities of business, net of acquisitions:
    		                          
      purchases of short-term investments
    		                          
      proceeds from maturity of short-term investments
    		                          
      proceeds from sale of property and equipment
    		                          
      purchase of strategic investment
    		                          
      redemption of non-controlling interest
    		      0 0 0 -2,147,000                 
      proceeds from the exercise of warrants
    		          0 0               
      net decrease in cash, cash equivalents and restricted cash
    		  15,254,000 -9,010,000    -33,583,000                   
      income tax paid
    		                          
      non cash financing and investing activities:
    		                          
      reclassification of the equity components of the 2026 convertible notes to liability upon adoption of asu 2020-06
    		           0 0 75,264,000             
      strategic investment - marketing commitment
    		                          
      cashless exercise of warrants
    		           0 0 5,249,000             
      unpaid intangible assets included in accounts payable
    		                          
      unpaid property and equipment included in accounts payable
    		                          
      gain on sale of assets
    		                  0        
      sale of property and equipment
    		                          
      accrued expenses - issuance of common stock
    		   -3,000    -3,000                   
      accounts payable - purchases of property and equipment
    		                          
      accounts payable - purchases of intangible assets
    		                          
      less: income from discontinued operations, net of tax
    		      513,000 669,000 4,259,000 -256,000                 
      (gain)loss on extinguishment of debt
    		                          
      amortization of debt discount
    		      656,000 650,000 645,000 623,000 632,000 625,000 619,000 600,000 4,235,000 4,138,000 4,043,000 2,512,000 56,000 1,290,000 102,000 47,000 220,000 234,000   
      deferred income tax benefit
    		      -510,000 -250,000 -121,000 -114,000 -516,000 -392,000 -355,000 -403,000 -948,000 -515,000 -753,000 -465,000 10,929,000 -16,070,000 -2,038,000 -1,028,000 -1,037,000 -1,169,000   
      cash paid for acquisitions, net of cash acquired
    		                          
      proceeds from convertible note, net of issuance costs
    		               -500,000 0 389,946,000         
      conversion of series aa preferred stock to common stock
    		                          
      issuance of common stock in connection with acquisitions
    		                          
      issuance of treasury stock in connection with acquisitions
    		                          
      purchase of short-term investments
    		                          
      shares settled liability
    		       1,866,000 1,845,000 1,825,000                 
      accounts payable - purchases property and equipment
    		                          
      proceeds from the issuance of common stock / at-the-market offering, net of offering costs
    		         106,130,000  8,772,000 16,423,000 203,765,000             
      accrued expenses - at-the-market offering
    		         91,000    19,000             
      impairment of intangible assets
    		                          
      impairment expense goodwill
    		                  0        
      non-cash expense relating to issuance of warrants and common stock
    		                  0 1,000       
      loss on deconsolidation of nexway, net of cash retained by nexway
    		                  0 0       
      loss on extinguishment of debt
    		              0 0           
      common stock issued in connection with note payable
    		                  0 0       
      change in fair value of derivative liability
    		                  0  202,000 1,000 -890,000 -128,000 2,528,545 -830,545 
      change in fair value of shares settled liability
    		                  0 0       
      change in fair value of profit share liability
    		                  -2,119,000 0       
      unrealized gain on investment
    		                          
      accrued interest on notes payable
    		                 125,000         
      foreign currency loss
    		                          
      due to related parties
    		                          
      advance to fubotv pre-merger
    		                  0 0       
      acquisition of fubotv’s pre-merger cash and cash equivalents and restricted cash
    		                  0 0       
      sale of facebank ag
    		                  0        
      purchases of short term investments
    		                          
      proceeds from maturity of short term investments
    		                          
      proceeds from sale of common stock and warrants, net of fees
    		                          
      repayments of convertible notes
    		                   -2,773,000 -18,000 0 -320,000 -203,000   
      proceeds from notes payable and long-term borrowings
    		                          
      proceeds from the issuance of series d preferred stock
    		                          
      redemption of series d preferred stock
    		                   -272,000       
      repayments to related parties
    		                    195,000 -242,000     
      amortization of gaming licenses and market access fees
    		           1,099,000 992,000 866,000             
      impairment of goodwill, intangible assets and other long-lived assets
    		                          
      cash reserved for users
    		           -194,000 7,000 -152,000             
      cash portion paid for acquisition
    		                 -1,740,000         
      purchase of intangible assets - gaming
    		           -2,000,000 0 -700,000             
      payments for market access and license fee deposits
    		           0 -150,000 -3,312,000             
      issuance of treasury stock in connection with acquisition
    		                          
      impairment expense on goodwill
    		                          
      proceeds from the exercise of common stock warrants
    		             5,000,000   500,000 812,000         
      impairment expense intangibles
    		                  12,245,000        
      issuance of common stock in connection with cancellation of a consulting agreement
    		                    0      
      issuance of common stock for services rendered
    		                          
      loss on investments
    		                          
      change in fair value of subsidiary warrant liability
    		                    -72,000 -831,000 -1,124,000 -2,477,000   
      other income related to note conversion
    		                          
      payments of market access and license fee deposits
    		                          
      investment in panda productions (hk) limited
    		                    50,000 -50,000 0 -1,000,000   
      acquisition of facebank ag and nexway, net of cash paid
    		                    0      
      sale of profits interest in investment in panda productions (hk) limited
    		                    0 0     
      lease security deposit
    		                    0 -1,000 -7,000 -13,000   
      f-7
    		                          
      loss on issuance of common stock and warrants
    		                          
      accrued expenses
    		               7,796,000 9,608,000 3,625,000 52,330,000  -1,581,000 307,000 -64,000 374,000 328,959  
      cash paid for acquisition
    		               0           
      proceeds from the issuance of common stock / at-the-market offering
    		                          
      offering costs for the issuance of common stock / at-the-market offering
    		                          
      repayments of note payable related party
    		                    -5,000      
      loss on issuance of notes, bonds and warrants
    		                          
      supplemental disclosure of non-cash financing and investing activities:
    		                          
      issuance of convertible preferred stock for merger
    		                          
      reclass of shares settled liability to additional paid-in capital for issuance of common stock
    		                          
      reclass of shares settled liability for intangible asset to stock-based compensation
    		                          
      cashless exercise of common stock warrants
    		                          
      lender advanced loan proceeds direct to fubotv
    		                          
      issuance of common stock - subsidiary share exchange
    		                          
      accrued series d preferred stock dividends
    		                          
      deemed dividend related to immediate accretion of redemption feature of convertible preferred stock
    		                          
      loss on issuance of notes, bonds, and warrants
    		                          
      change in fair value of subsidiary warrant liabilities
    		                          
      notes receivable
    		                          
      due from related parties
    		                          
      lease liability
    		                 -243,000 -242,000  -154,000 -20,000 -20,000 -6,000   
      advance to fubotv
    		                          
      repayments of notes payable and short-term borrowings
    		                 -6,574,000         
      proceeds from related parties
    		                    13,000 0 392,000 18,000   
      change in fair value of warrant liability
    		                  92,484,000      708,996  
      unrealized gain on equity method investments
    		                  0        
      accrued interest on note payable
    		                  2,000 -2,000 101,000 262,000     
      foreign currency exchange loss
    		                          
      prepaid expenses and other current assets
    		                  8,417,000        
      payments for leasehold improvements
    		                     0     
      f-8
    		                          
      proceeds from sale of common stock and warrants
    		                          
      proceeds from issuance of convertible notes
    		                   0 572,000      
      proceeds from issuance of series d preferred stock
    		                          
      proceeds from loans
    		                          
      repayments of notes payable
    		                          
      repayments of short term borrowings
    		                          
      proceeds from sale of subsidiary’s common stock
    		                    27,000 0     
      repayments to related parties notes
    		                          
      repayment to related parties
    		                          
      net increase in cash and restricted cash
    		                          
      cash at beginning of period
    		                    0   31,000  0 
      cash and restricted cash at end of period
    		                          
      settlement of share settled liability
    		                          
      issuance of common stock to original owners of facebank ag
    		                          
      issaunce of common stock - subsidiary share exchange
    		                          
      issuance of common stock upon acquisition of facebank ag and nexway
    		                          
      common stock issued for lease settlement
    		                     0 0 130,000   
      operating activities
    		                          
      change in fair value of derivative liabilities
    		                          
      foreign exchange loss
    		                          
      other
    		                          
      changes in operating assets and liabilities:
    		                          
      prepaid expenses and other current and long-term assets
    		                          
      accounts payable, accrued expenses and other current and long-term liabilities
    		                          
      operating lease liabilities
    		                          
      investing activities
    		                          
      capital expenditures
    		                          
      sale of profit interest in investment in panda productions (hk) limited
    		                          
      financing activities
    		                          
      proceeds from issuance series d preferred stock
    		                          
      proceeds from sale of common stock
    		                     717,000   784,000 875,000 
      proceeds from short-term borrowings
    		                          
      repayments of short-term borrowings
    		                          
      proceeds from long-term borrowings
    		                          
      repayments of long-term borrowings
    		                          
      net increase in cash and cash equivalents and restricted cash
    		                          
      cash and cash equivalents and restricted cash, beginning of period
    		                          
      cash and cash equivalents and restricted cash, end of period
    		                          
      amortization of intangible assets
    		                          
      depreciation
    		                    54,000      
      gain on extinguishment of convertible notes
    		                          
      loss on excess shares issued upon cashless exercise of warrants
    		                          
      issuance of common stock for services
    		                          
      common stock issued for commitment fee
    		                          
      stock-based compensation in connection with panda
    		                          
      impairment of goodwill
    		                          
      fair value of derivative in excess of note payable
    		                          
      change in fair value of panda interests
    		                          
      prepaid expenses
    		                    -127,000 -85,000 8,000 -23,000   
      payments for property and equipment
    		                          
      proceeds from the issuance of preferred stock
    		                    250,000      
      net increase in cash
    		                    1,728,000 5,745,000 -155,000 275,000  -332,449 
      cash at end of period
    		                    1,728,000 5,745,000 -155,000 306,000  -332,449 
      f-6
    		                          
      amortization
    		                          
      financing cost
    		                         190,830 
      supplemental disclosure of cashflows information:
    		                          
      issuance of common stock for note conversion
    		                          
      shares settled liability for intangible asset
    		                          
      measurement period adjustment on the evolution ai corporation acquisition
    		                     1,000 0 1,920,000   
      8
    		                          
      cash and at beginning of period
    		                          
      interest on notes payable
    		                       144,000   
      net used in operating activities
    		                       -582,000   
      sale of interest in investment in panda productions (hk) limited
    		                       212,000   
      proceeds from sales of common stock
    		                       1,778,000   
      proceeds from sale of subsidiary common stock
    		                       65,000   
      supplemental disclosure of cash flow information:
    		                          
      cash flows from operating activities:
    		                          
      amortization of debt discount/non-cash financing cost
    		                          
      gain on settlement of accrued payroll
    		                          
      common stock issued for services
    		                        354,400 2,714,600 
      deferred income benefit
    		                          
      changes in operating liabilities
    		                          
      net cash from operating activities of continuing operations
    		                        -691,032 -856,968 
      net cash from operating activities of discontinued operations
    		                          
      cash flows from investing activities:
    		                          
      purchase of property and equipment
    		                          
      cash flows from financing activities:
    		                          
      proceeds from issuances of convertible notes
    		                          
      net decrease in cash
    		                          
      cash - beginning of year
    		                          
      cash - end of year
    		                          
      cash paid during the year for:
    		                          
      interest
    		                        127,401  
      supplemental disclosure of non-cash investing and financing activities:
    		                          
      series x convertible preferred stock issued in business acquisition
    		                          
      common stock issued in asset acquisition
    		                          
      extinguishment gain on related party convertible notes recorded as a capital contribution
    		                          
      conversion of notes payable into common shares
    		                          
      beneficial conversion feature
    		                          
      amortization of acquired and licensed technology
    		                          
      amortization of original issue discount
    		                         7,456 
      elimination of non-controlling interest of discontinued operations
    		                          
      amortization of debt discount and debt issuance cost
    		                         424,256 
      proceeds from issuance of note payable
    		                          
      proceeds from issuance of convertible notes payable
    		                          
      repayments of convertible notes payable
    		                         -520,531 
      issuance of common stock upon conversion of notes payable
    		                         0 
      issuance of common stock for commitment fee
    		                          
      issuance of series x preferred stock issued upon acquisition of evolution ai
    		                          
      minority share of losses of subsidiary
    		                          
      conversion of 39,087,500 shares of series c preferred stock into 79,175,000 shares of common stock
    		                          
      6
    		                          
      accrued interest
    		                          
      accrued payroll
    		                          
      proceeds from issuance of convertible note payable
    		                          
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.