Super Group (SGHC) (SGHC) Operating Expenses (2021 - 2026)
Super Group (SGHC)'s (SGHC) quarterly Operating Expenses came in at -$470.0 million in Q1 2026, down 14.63% year-on-year from -$550.6 million in Q1 2025, and down 250.64% on a QoQ basis from $312.0 million in Q4 2025.
Super Group (SGHC) (SGHC) Operating Expenses (2021 - 2026) Analysis & Trends
Super Group (SGHC) (SGHC) has 6 years of Operating Expenses data on file, last reported at -$470.0 million in Q1 2026.
- On a quarterly basis, Operating Expenses fell 14.63% year-over-year to -$470.0 million in Q1 2026; TTM through Mar 2026 was -$1.4 billion, a 65.51% decrease from a year earlier, with the FY2025 full-year figure at $176.0 million, up 0.57% from the prior year.
- Operating Expenses for Q1 2026 stood at -$470.0 million, down from $312.0 million in the prior quarter.
- Over the last five years, Operating Expenses for SGHC reached as high as $319.8 million in Q4 2023 and fell as low as -$867.0 million in Q2 2025.
- Historically, Operating Expenses has averaged -$263.3 million across 5 years, with a median of -$340.1 million in 2023.
- Across the five-year window, Operating Expenses surged 70.51% in 2022 and sank 138.26% in 2025, its largest moves.
- Year by year, Operating Expenses stood at -$266.0 million in 2022, then soared by 220.21% to $319.8 million in 2023, then dropped by 5.99% to $300.6 million in 2024, then advanced by 3.78% to $312.0 million in 2025, then plunged by 250.64% to -$470.0 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were -$470.0 million in Q1 2026, $312.0 million in Q4 2025, and -$416.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Codere Online Luxembourg | 425.84 Bn | 425.77 Bn | - | - |
| 2 | Flutter Entertainment | 19.13 Bn | 17.62 Bn | 1.84 Bn | 1.50 Bn |
| 3 | DraftKings | 12.12 Bn | 11.11 Bn | 696.69 Mn | 289.11 Mn |
| 4 | Super Group (SGHC) | 7.57 Bn | 7.15 Bn | - | -470.00 Mn |
| 5 | Churchill Downs | 6.27 Bn | 6.17 Bn | 464.00 Mn | 520.00 Mn |
| 6 | Rush Street Interactive | 3.15 Bn | 2.82 Bn | 132.17 Mn | 327.58 Mn |
| 7 | Brightstar Lottery | 1.94 Bn | 670.63 Mn | 297.00 Mn | 60.00 Mn |
| 8 | Accel Entertainment | 1.02 Bn | 746.37 Mn | 350.92 Mn | 324.48 Mn |
| 9 | Inspired Entertainment | 207.07 Mn | 163.57 Mn | 54.60 Mn | 24.30 Mn |
| 10 | Gambling.com | 58.26 Mn | 42.45 Mn | 39.34 Mn | -25.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -470.00 Mn |
| Dec 31, 2025 | 312.00 Mn |
| Sep 30, 2025 | -416.00 Mn |
| Jun 30, 2025 | -867.00 Mn |
| Mar 31, 2025 | -410.00 Mn |
| Dec 31, 2024 | 300.63 Mn |
| Sep 30, 2024 | -397.38 Mn |
| Jun 30, 2024 | -363.89 Mn |
| Mar 31, 2024 | -372.72 Mn |
| Dec 31, 2023 | 319.78 Mn |
| Sep 30, 2023 | -337.08 Mn |
| Jun 30, 2023 | -343.22 Mn |
| Mar 31, 2023 | -335.21 Mn |
| Sep 30, 2022 | -266.02 Mn |
| Jun 30, 2022 | -281.12 Mn |
| Mar 31, 2022 | -285.09 Mn |
| Dec 31, 2021 | 9.76 Mn |
| Sep 30, 2021 | -902.10 Mn |
| Jun 30, 2021 | -635.63 Mn |
| Mar 31, 2021 | -311.29 Mn |