Super League Reports Debt-Free Year, Records 56% Q4 EBITDA Growth
Super League delivered a record fourth-quarter revenue, improved pro forma cash basis EBITDA by 56% in Q4 and 31% for full year 2025, while expanding gross margin to 40% from 38%. The company exited 2025 debt-free with $14 million cash and forecasts Q1 2026 revenue above 2025 levels.
1. Financial Performance
In Q4 2025 Super League delivered its strongest revenue performance of the year, driving a 56% increase in pro forma cash basis EBITDA versus the prior-year quarter and a 31% rise for the full year, while expanding gross margin to 40% from 38%.
2. Balance Sheet Strength
The company simplified its capital structure, ended 2025 debt-free and held $14 million in year-end cash, reducing funding risk and removing the need for near-term equity or debt raises.
3. Strategic Initiatives and Outlook
Super League diversified its revenue mix by launching campaigns with brands such as Regal Cinemas, H&R Block and Panda Express, and partnered with Paramount+, Google and Disney. The agreement to acquire the Misfits Ads Division positions the company for further scale, and management forecasts Q1 2026 revenue above 2025 levels with cash basis EBITDA profitability targeted by year-end.