Sportradar Group AG is a US-listed company in the application software industry. Its financial year ends in December.
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Under review: our cash-flow value ($60.42) is 4.24x the share price ($14.25); a gap this wide almost always means a data problem.
Under review: our cash-flow value ($60.42) is 4.24x the share price ($14.25); a gap this wide almost always means a data problem. We'll show the comparison once resolved.
Sportradar Group AG valuation: adjust assumptions and compare models →
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Revenue for the twelve months was $1.46bn, up 21.8% on a year earlier, slower than the 26.1% growth a quarter earlier. Free-cash-flow margin rose to 30.9% from 22.5% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades B+. It passes 5 of our 6 financial-health checks.
Our model value for Sportradar Group AG is under review, so past values are not shown until it is resolved.
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Sportradar Group AG's trailing-twelve-month revenue grew 21.8% year on year, with a free-cash-flow margin of 30.9%. Where it stands out: gross margin of 85.2% ranks 12 of 160 application software companies we cover. Where it lags: change in growth rate of -4.3pp ranks 151 of 184 application software companies we cover.
Our discounted-cash-flow model values the business at ~$60 per share in the base case (~$46–$78 across growth scenarios) — model values under stated assumptions, not a price target.
Current signal Free cash flow diverging from earnings: TTM free cash flow grew 19.7% while net income grew 207.0%: a 187pp divergence.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Company announcements, filed results and changes that matter to shareholders.
No recent updates are available for SRAD from the sources we follow. See filings →
Our value per share comes from a discounted-cash-flow model of Sportradar Group AG's free cash flow after stock-based pay ( $387M, FY2025 Q4 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.
The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.
We value Sportradar Group AG as an operating company, with every model that fits that kind of business. Cost of equity 9.9%: the 10-year Treasury yield (4.9%) plus a beta of 1.1 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. | ~$60 ~$46–$78 | Primary model, counts double |
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | ~$0.9 ~$6.3–$15 | Left out: out of range vs price (0.07x) |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | ~$1.8 ~$1.1–$2.7 | Left out: out of range vs price (0.14x) |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | ~$0.9 ~$0.8–$1.1 | Left out: out of range vs price (0.07x) |
| Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. | — | Combined value withheld. Review the individual models and their assumptions. |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Sportradar Group AG with Application Software in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: High.
Next results: November 3, 2026, before the open.
No analyst estimates are published for Sportradar Group AG: too few analysts cover it.
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | $0.07 | $0.04 | −43.3% |
| Mar 2026 | $0.05 | −$0.01 | −118.8% |
| Dec 2025 | $0.10 | $0.20 | +112.2% |
| Sept 2025 | $0.07 | $0.12 | +60.0% |
Adjusted EPS as companies report it, against the average analyst estimate.
Source: SEC EDGAR filings. Retrieved November 1, 2026.
| Period | Revenue (TTM) |
|---|---|
| FY19 Q4 | $425.8M |
| FY20 Q4 | $462M |
| FY21 Q4 | $663.9M |
| FY22 Q4 | $769.2M |
| FY23 Q4 | $949.3M |
| FY24 Q4 | $1.2B |
| FY25 Q4 | $1.5B |
Source: SEC EDGAR filings. Retrieved November 1, 2026.
| Period | Revenue growth, TTM YoY |
|---|---|
| FY20 Q4 | 8.5% |
| FY21 Q4 | 43.7% |
| FY22 Q4 | 15.9% |
| FY23 Q4 | 23.4% |
| FY24 Q4 | 26.1% |
| FY25 Q4 | 21.8% |
Source: SEC EDGAR filings. Retrieved November 1, 2026.
| Period | FCF margin (TTM) |
|---|---|
| FY19 Q4 | 36.6% |
| FY20 Q4 | 36.9% |
| FY21 Q4 | 22.5% |
| FY22 Q4 | 21.9% |
| FY23 Q4 | 27.8% |
| FY24 Q4 | 31.4% |
| FY25 Q4 | 30.9% |
| Fiscal year | 2019 Dec 2019 | 2020 Dec 2020 | 2021 Dec 2021 | 2022 Dec 2022 | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 |
|---|---|---|---|---|---|---|---|
| Income | |||||||
| Revenue | 426 | 462 | 664 | 769 | 949 | 1,197 | 1,458 |
| Gross profit | 357 | 360 | 523 | 633 | 785 | 1,007 | 1,243 |
| Net income | 13 | 17 | 15 | 11 | 37 | 37 | 113 |
| Growth (year on year) | |||||||
| Revenue | — | +8.5% | +43.7% | +15.9% | +23.4% | +26.1% | +21.8% |
| Net income | — | +32.4% | −14.5% | −22.8% | — | −1.4% | +207.0% |
| Margins | |||||||
| Gross margin | 83.9% | 77.9% | 78.7% | 82.3% | 82.7% | 84.1% | 85.2% |
| Net margin | 3.1% | 3.8% | 2.2% | 1.5% | 3.9% | 3.1% | 7.8% |
| Free-cash-flow margin | 36.6% | 36.9% | 22.5% | 21.9% | 27.8% | 31.4% | 30.9% |
| Cash flow | |||||||
| Cash from operations | 163 | 173 | 156 | 177 | 280 | 382 | 456 |
| Capital spending | 7 | 2 | 7 | 9 | 16 | 6 | 6 |
| Free cash flow | 156 | 170 | 149 | 168 | 264 | 376 | 450 |
| Stock-based pay | 0 | 3 | 18 | 30 | 45 | 42 | 62 |
| Free cash flow after stock pay | 156 | 168 | 131 | 139 | 219 | 334 | 388 |
| Balance sheet | |||||||
| Cash | 64 | 472 | 841 | 261 | 307 | 361 | 429 |
| Total debt | 0 | 537 | 493 | 24 | 55 | 48 | 74 |
| Net debt (negative = net cash) | −64 | 65 | −348 | −236 | −251 | −312 | −355 |
| Returned to shareholders | |||||||
| Buybacks | — | — | — | 4 | 10 | 31 | 119 |
| Total returned | — | — | — | 4 | 10 | 31 | 119 |
| Last 12 months unless stated | SRAD | GWRE | PCOR | KVYO | DLB | ZETA | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $1.5bn | $1.5bn | $1.4bn | $1.4bn | $1.4bn | $1.6bn | $482m |
| Revenue growth, last 12 months | 21.8% | 22.7% | 15.4% | 28.9% | 0.6% | 35.9% | 12.0% |
| Revenue growth, 3-year average | — | 17.7% | 19.6% | 33.4% | 1.7% | 33.7% | 11.1% |
| Revenue growth, latest quarter | — | 15.3% | 15.8% | 26.4% | −3.3% | 43.5% | 11.9% |
| Gross margin | 85.2% | 64.2% | 80.0% | 73.8% | 87.6% | 59.5% | 69.2% |
| Operating margin | — | 10.2% | −4.9% | −1.9% | 17.7% | 1.6% | 1.1% |
| Operating margin, 3-year average | — | 2.7% | −10.0% | −19.2% | 18.4% | −5.6% | −0.8% |
| Net margin | 7.8% | 9.4% | −2.7% | 0.5% | 16.7% | −0.1% | 2.1% |
| Cash from operations / revenue | 31.2% | 26.4% | 25.9% | 19.9% | 32.3% | 15.3% | 18.2% |
| Free-cash-flow margin | 30.9% | 25.6% | 24.4% | 18.2% | 29.0% | 14.3% | 15.0% |
| Free-cash-flow margin, 3-year average | — | 23.2% | 18.0% | 16.2% | 27.5% | 12.0% | 16.2% |
| Stock pay / revenue | 4.3% | 12.3% | 17.5% | 12.3% | 9.6% | 12.4% | 9.3% |
| Change in share count | — | −0.6% | 1.3% | 10.0% | −1.2% | 15.0% | 2.2% |
| Measure | Company | Peer median | Rank |
|---|---|---|---|
| Revenue growth Growth | 21.8% | 12.0% | 48 of 184 |
| Change in growth rate Growth | -4.3pp | +0.2pp | 151 of 184 |
| Gross margin Profitability | 85.2% | 69.8% | 12 of 160 |
| Net margin Profitability | 7.8% | 2.1% | 71 of 185 |
| Free-cash-flow margin Cash generation | 30.9% | 15.2% | 27 of 180 |
| Stock pay as % of revenue Cash generation | 4.3% | 9.3% | 34 of 177 |
| Long-term debt as % of assets Balance sheet | 1.8% | 16.9% | 22 of 98 |
| Days sales outstanding Balance sheet | 27 days | 57 days | 32 of 162 |
Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Canada Pension Plan Investment Board | $1B | 68.2M | 36.5% | 0.0% |
| Technology Crossover Management Ix, Ltd. | $437M | 29.2M | 15.6% | 0.0% |
| Radcliff Management LLC | $197M | 13.1M | 7.0% | 0.0% |
| T. Rowe Price Investment Management, Inc. | $152M | 10.1M | 5.4% | ▼ 18.3% |
| Spruce House Investment Management LLC | $137M | 9.2M | 4.9% | ▲ 232.9% |
| Greenhouse Funds LLLP | $124M | 8.3M | 4.4% | ▼ 11.5% |
| Massachusetts Financial Services Co | $98.4M | 6.6M | 3.5% | ▲ 5.4% |
| Goldman Sachs Group Inc | $71.5M | 4.8M | 2.6% | ▲ 999.5% |
| Assenagon Asset Management S.A. | $65.6M | 4.4M | 2.3% | New |
| Stephens Investment Management Group LLC | $60.1M | 4.0M | 2.1% | ▲ 28.9% |
| Jpmorgan Chase & Co | $36.6M | 2.4M | 1.3% | ▲ 22.4% |
| UBS Group AG | $34.5M | 2.3M | 1.2% | ▼ 39.4% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Sportradar Group AG's complete shareholder register. Values are as reported by the filers .
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Miller Michael Connolly Chief Legal Officer | October 15, 2026 | Sell pre-set plan | 1,840 | $12.10 | $22,263 |
| Miller Michael Connolly Chief Legal Officer | June 10, 2026 | Sell | 1,500 | $16.50 | $24,750 |
| Koerl Carsten Chief Executive Officer | May 6, 2026 | Buy | 157,801 | $13.49 | $2.1M |
| Koerl Carsten Chief Executive Officer | May 5, 2026 | Buy | 158,000 | $13.40 | $2.1M |
| Koerl Carsten Chief Executive Officer | May 4, 2026 | Buy | 182,000 | $13.38 | $2.4M |
| Koerl Carsten Chief Executive Officer | May 1, 2026 | Buy | 143,000 | $13.23 | $1.9M |
| Bigley Deirdre Mary Director | April 30, 2026 | Buy | 3,940 | $12.57 | $49,526 |
| Fleet George Director | April 30, 2026 | Buy | 7,850 | $12.73 | $99,930 |
| Kurtz William Director | April 30, 2026 | Buy | 8,000 | $12.97 | $103,760 |
| Ramanathan Rajani Director | April 30, 2026 | Buy | 8,003 | $12.50 | $100,040 |
| Yabuki Jeffery W Director | April 30, 2026 | Buy | 2,000 | $13.00 | $26,000 |
| Yabuki Jeffery W Director | April 30, 2026 | Buy | 5,000 | $12.88 | $64,400 |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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