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
DateValue
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