Growth Metrics

Super Group (SGHC) (SGHC) Operating Expenses (2021 - 2026)

Super Group (SGHC) (SGHC) reported Operating Expenses of -$48.0 million for Q1 2026, down 11.63% year-over-year from -$54.3 million in Q1 2025, and down 115.38% on a QoQ basis from $312.0 million in Q4 2025.

Super Group (SGHC) (SGHC) has 6 years of Operating Expenses data on file, last reported at -$48.0 million in Q1 2026.

  • Quarterly Operating Expenses fell 11.63% year-over-year to -$48.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $219.0 million (up 28.4% YoY) and the FY2025 annual result came in at $176.0 million, changed 0.38% from the prior year.
  • Operating Expenses eased to -$48.0 million in Q1 2026 per SGHC's latest filing, from $312.0 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $312.0 million in Q4 2025 and bottomed at -$48.0 million in Q1 2026.
  • The 5-year median for Operating Expenses is -$40.8 million (2023), against an average of $42.0 million.
  • The widest annual swing landed in 2022, when Operating Expenses jumped 2548.46%; it then plunged 163.19% in 2023.
  • Tracing SGHC's Operating Expenses over 5 years: stood at $258.6 million in 2022, then grew by 8.71% to $281.1 million in 2023, then gained by 6.95% to $300.6 million in 2024, then climbed by 3.78% to $312.0 million in 2025, then plunged by 115.38% to -$48.0 million in 2026.
  • Per Business Quant, the three latest SGHC Operating Expenses figures stand at -$48.0 million (Q1 2026), $312.0 million (Q4 2025), and -$45.0 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Flutter Entertainment 18.39 Bn 17.30 Bn 1.84 Bn 792.00 Mn
2 DraftKings 13.23 Bn 12.22 Bn 696.69 Mn 289.11 Mn
3 Churchill Downs 6.28 Bn 6.13 Bn 475.00 Mn 520.00 Mn
4 Rush Street Interactive 2.60 Bn 2.43 Bn 132.17 Mn 327.58 Mn
5 Brightstar Lottery 2.28 Bn 2.94 Bn - -
6 Accel Entertainment 1.01 Bn 735.58 Mn 109.94 Mn 324.48 Mn
7 Codere Online Luxembourg 490.38 Mn 420.96 Mn - -
8 Bragg Gaming 269.74 Mn 261.99 Mn 18.22 Mn 128.91 Mn
9 Inspired Entertainment 233.43 Mn 189.93 Mn 54.60 Mn 24.30 Mn
10 Super Group (SGHC) 223,416.00 -424.78 Mn - -48.00 Mn

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 -48.00 Mn
Dec 31, 2025 312.00 Mn
Sep 30, 2025 -45.00 Mn
Mar 31, 2025 -43.00 Mn
Dec 31, 2024 300.63 Mn
Sep 30, 2024 -45.43 Mn
Jun 30, 2024 -41.64 Mn
Mar 31, 2024 -42.59 Mn
Dec 31, 2023 281.10 Mn
Sep 30, 2023 -42.25 Mn
Jun 30, 2023 -41.23 Mn
Mar 31, 2023 -39.27 Mn
Dec 31, 2022 258.59 Mn
Sep 30, 2022 -37.22 Mn
Jun 30, 2022 -40.29 Mn
Mar 31, 2022 -14.92 Mn
Dec 31, 2021 9.76 Mn
Sep 30, 2021 -38.96 Mn
Jun 30, 2021 -42.68 Mn
Mar 31, 2021 -52.61 Mn