Super Group (SGHC) (SGHC) Operating Expenses (2021 - 2026)
Super Group (SGHC) (SGHC) posted quarterly Operating Expenses of -$470.0 million for Q1 2026, down 14.63% year-over-year from -$550.6 million in Q1 2025, and down 250.64% quarter-over-quarter from $312.0 million in Q4 2025.
Super Group (SGHC) (SGHC) Operating Expenses (2021 - 2026) Analysis & Trends
Super Group (SGHC) (SGHC) has reported Operating Expenses for 6 consecutive years, with -$470.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses fell 14.63% year-over-year to -$470.0 million; the TTM figure through Mar 2026 stood at -$1.4 billion (down 15.95% YoY), while the FY2025 annual figure was $176.0 million, changed 0.38% from the prior year.
- Operating Expenses retreated to -$470.0 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 $319.8 million in Q4 2023 and bottomed at -$867.0 million in Q2 2025.
- Historically, Operating Expenses has averaged -$286.5 million across 5 years, with a median of -$340.1 million in 2023.
- Annual changes were most pronounced in 2022 — Operating Expenses jumped 70.51% — and 2024, when it slumped 114.44%.
- Super Group (SGHC)'s Operating Expenses stood at -$266.0 million in 2022, then jumped by 220.21% to $319.8 million in 2023, then decreased by 5.99% to $300.6 million in 2024, then rose by 3.78% to $312.0 million in 2025, then plunged by 250.64% to -$470.0 million in 2026.
- Business Quant data shows SGHC's Operating Expenses at -$470.0 million in Q1 2026, $312.0 million in Q4 2025, and -$416.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 17.90 Bn | 16.34 Bn | 1.71 Bn | 1.56 Bn |
| 2 | DraftKings | 12.90 Bn | 11.90 Bn | 551.45 Mn | 491.98 Mn |
| 3 | Super Group (SGHC) | 6.71 Bn | 6.29 Bn | - | -470.00 Mn |
| 4 | Churchill Downs | 6.55 Bn | 6.36 Bn | 712.00 Mn | 623.00 Mn |
| 5 | Rush Street Interactive | 2.85 Bn | 2.51 Bn | 139.66 Mn | 347.55 Mn |
| 6 | Brightstar Lottery | 2.25 Bn | 975.67 Mn | 297.00 Mn | 60.00 Mn |
| 7 | Accel Entertainment | 983.65 Mn | 728.20 Mn | 115.51 Mn | 336.07 Mn |
| 8 | Codere Online Luxembourg | 416.37 Mn | 346.95 Mn | - | - |
| 9 | Inspired Entertainment | 174.90 Mn | 150.50 Mn | 52.10 Mn | 24.20 Mn |
| 10 | Grandstand | 71.54 Mn | 62.73 Mn | 31.83 Mn | -21.76 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 | -736.00 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 |