Exhibit 99.1

PRELIMINARY NOTE

The unaudited Condensed Consolidated Financial Statements as of and for the three and six months ended June 30, 2025 included herein, have been prepared in accordance with accounting principles accepted in the United States of America (“US GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting, with the exception of certain note disclosures, which have been omitted. The condensed consolidated financial statements are presented in United States Dollars (“USD”). All references in this interim report to “$,” and “US dollars” mean US dollars and all references to “£” and “GBP” mean British Pounds Sterling, unless otherwise noted.

This interim report, including “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” contains or may contain forward-looking statements as defined in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), that involve significant risks and uncertainties. All statements other than statements of historical facts are forward-looking statements. These forward-looking statements include information about our possible or assumed future results of operations or our performance. Words such as “expects,” “intends,” “plans,” “believes,” “anticipates,” “estimates,” and variations of such words and similar expressions are intended to identify the forward-looking statements. The risk factors and cautionary language referred to or incorporated by reference in this Report provide examples of risks, uncertainties and events that may cause actual results to differ materially from the expectations described in our forward-looking statements, including among other things, the items identified in the section entitled “Risk Factors” of the Company’s Annual Report on Form 20-F for the year ended December 31, 2024 (“2024 20-F”), as filed with the SEC on March 14, 2025.

Genius Sports Limited

Condensed Consolidated Balance Sheets


	(Unaudited)
	June 30,			December 31,
	2025			2024
ASSETS
Current assets:
Cash and cash equivalents	$	221,561		$	110,213
Restricted cash, current		—			25,026
Accounts receivable, net		83,750			85,491
Contract assets		41,470			30,632
Prepaid expenses		37,322			27,333
Other current assets		11,627			9,902
Total current assets		395,730			288,597
Property and equipment, net		24,291			19,016
Intangible assets, net		116,331			115,539
Operating lease right-of-use assets		30,408			7,488
Goodwill		326,011			326,011
Deferred tax asset		1,453			1,192
Investments		29,974			31,717
Other assets		3,580			2,706
Total assets	$	927,778		$	792,266
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	30,120		$	36,661
Accrued expenses		64,154			79,172
Deferred revenue		60,641			73,388
Current debt		10			19
Operating lease liabilities, current		3,757			3,003
Other current liabilities		8,946			9,327
Total current liabilities		167,628			201,570
Deferred tax liability		13,196			13,802
Operating lease liabilities, non-current		26,807			4,489
Total liabilities		207,631			219,861
Commitments and contingencies (Note 16)
Shareholders’ equity
Common stock, $0.01 par value, unlimited shares authorized, 242,547,168 shares issued and 238,441,220 shares outstanding at June 30, 2025; unlimited shares authorized, 215,261,974 shares issued and 211,156,026 shares outstanding at December 31, 2024		2,425			2,153
B Shares, $0.0001 par value, 22,500,000 shares authorized, 14,500,000 shares issued and outstanding at June 30, 2025; 22,500,000 shares authorized, 18,500,000 shares issued and outstanding at December 31, 2024		1			2
Additional paid-in capital		1,941,470			1,700,065
Treasury stock, at cost, 4,105,948 shares at June 30, 2025 and December 31, 2024		(17,653	)		(17,653	)
Accumulated deficit		(1,149,673	)		(1,087,527	)
Accumulated other comprehensive loss		(56,423	)		(24,635	)
Total shareholders’ equity		720,147			572,405
Total liabilities and shareholders’ equity	$	927,778		$	792,266

The accompanying notes are an integral part of these condensed consolidated financial statements.

Genius Sports Limited

Condensed Consolidated Statements of Operations

(Unaudited)

(Amounts in thousands, except share and per share data)


	Three Months Ended June 30,						Six Months Ended June 30,
	2025			2024			2025			2024
Revenue	$	118,719		$	95,447		$	262,710		$	215,165
Cost of revenue		109,832			67,079			218,621			173,990
Gross profit		8,887			28,368			44,089			41,175
Operating expenses:
Sales and marketing		14,299			9,661			25,712			18,076
Research and development		8,726			7,214			17,672			13,835
General and administrative		64,500			30,867			99,035			52,452
Transaction expenses		2,053			1,628			2,785			2,092
Total operating expenses		89,578			49,370			145,204			86,455
Loss from operations		(80,691	)		(21,002	)		(101,115	)		(45,280	)
Interest income, net		556			348			993			1,014
Loss on disposal of assets		(1	)		(12	)		(13	)		(19	)
Gain (loss) on foreign currency		26,992			(2,822	)		39,241			(3,909	)
Total other income (expense)		27,547			(2,486	)		40,221			(2,914	)
Loss before income taxes		(53,144	)		(23,488	)		(60,894	)		(48,194	)
Income tax (expense) benefit		(1,748	)		1,314			(2,290	)		214
Gain from equity method investment		944			382			1,038			647
Net loss	$	(53,948	)	$	(21,792	)	$	(62,146	)	$	(47,333	)
Loss per share attributable to common stockholders:
Basic and diluted	$	(0.21	)	$	(0.09	)	$	(0.25	)	$	(0.21	)
Weighted average common stock outstanding:
Basic and diluted		253,220,241			229,464,001			250,839,507			229,395,387

The accompanying notes are an integral part of these condensed consolidated financial statements.

Genius Sports Limited

Condensed Consolidated Statements of Comprehensive Loss

(Unaudited)

(Amounts in thousands)


	Three Months Ended June 30,						Six Months Ended June 30,
	2025			2024			2025			2024
Net loss	$	(53,948	)	$	(21,792	)	$	(62,146	)	$	(47,333	)
Other comprehensive (loss) income:
Foreign currency translation adjustments		(21,589	)		6,544			(31,788	)		2,888
Comprehensive loss	$	(75,537	)	$	(15,248	)	$	(93,934	)	$	(44,445	)

The accompanying notes are an integral part of these condensed consolidated financial statements.

Genius Sports Limited

Condensed Consolidated Statements of Changes in Shareholders’ Equity

(Unaudited)

(Amounts in thousands, except share data)


	Common Stock		Amounts		B Shares			Amounts			Additional Paid-in Capital			Treasury Stock			Amounts			Accumulated Deficit			Accumulated Other Comprehensive Loss			Total Shareholders’ Equity
Balance at January 1, 2025		215,261,974	$	2,153		18,500,000		$	2		$	1,700,065			(4,105,948	)	$	(17,653	)	$	(1,087,527	)	$	(24,635	)	$	572,405
Net loss		—		—		—			—			—			—			—			(8,198	)		—			(8,198	)
Stock-based compensation		—		—		—			—			12,835			—			—			—			—			12,835
Vesting of shares		4,077,169		41		—			—			(41	)		—			—			—			—			—
Issuance of common stock in connection with additional equity offering, net of equity issuance costs of $6,000		17,647,059		176		—			—			143,824			—			—			—			—			144,000
Issuance of common stock in connection with NFL Warrant redemptions		3,995,825		40		(4,000,000	)		(1	)		(39	)		—			—			—			—			—
Foreign currency translation adjustment		—		—		—			—			—			—			—			—			(10,199	)		(10,199	)
Balance at March 31, 2025		240,982,027	$	2,410		14,500,000		$	1		$	1,856,644			(4,105,948	)	$	(17,653	)	$	(1,095,725	)	$	(34,834	)	$	710,843
Net loss		—		—		—			—			—			—			—			(53,948	)		—			(53,948	)
Stock-based compensation		—		—		—			—			84,841			—			—			—			—			84,841
Vesting of shares		1,565,141		15		—			—			(15	)		—			—			—			—			—
Foreign currency translation adjustment		—		—		—			—			—			—			—			—			(21,589	)		(21,589	)
Balance at June 30, 2025		242,547,168	$	2,425		14,500,000		$	1		$	1,941,470			(4,105,948	)	$	(17,653	)	$	(1,149,673	)	$	(56,423	)	$	720,147

	Common Stock		Amounts		B Shares			Amounts			Additional Paid-in Capital			Treasury Stock			Amounts			Accumulated Deficit			Accumulated Other Comprehensive Loss			Total Shareholders’ Equity
Balance at January 1, 2024		213,224,868	$	2,132		18,500,000		$	2		$	1,646,082			(4,105,948	)	$	(17,653	)	$	(1,024,487	)	$	(33,057	)	$	573,019
Net loss		—		—		—			—			—			—			—			(25,541	)		—			(25,541	)
Stock-based compensation		—		—		—			—			6,712			—			—			—			—			6,712
Vesting of shares		1,797,493		18		—			—			(18	)		—			—			—			—			—
Foreign currency translation adjustment		—		—		—			—			—			—			—			—			(3,656	)		(3,656	)
Balance at March 31, 2024		215,022,361	$	2,150		18,500,000		$	2		$	1,652,776			(4,105,948	)	$	(17,653	)	$	(1,050,028	)	$	(36,713	)	$	550,534
Net loss		—		—		—			—			—			—			—			(21,792	)		—			(21,792	)
Stock-based compensation		—		—		—			—			17,100			—			—			—			—			17,100
Vesting of shares		78,451		1		—			—			(1	)		—			—			—			—			—
Foreign currency translation adjustment		—		—		—			—			—			—			—			—			6,544			6,544
Balance at June 30, 2024		215,100,812	$	2,151		18,500,000		$	2		$	1,669,875			(4,105,948	)	$	(17,653	)	$	(1,071,820	)	$	(30,169	)	$	552,386

The accompanying notes are an integral part of these condensed consolidated financial statements.

Genius Sports Limited

Condensed Consolidated Statements of Cash Flows

(Unaudited)

(Amounts in thousands)


	Six Months Ended June 30,
	2025			2024
Cash Flows from operating activities:
Net loss	$	(62,146	)	$	(47,333	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		31,674			41,877
Loss on disposal of assets		13			19
Stock-based compensation		97,676			23,938
Non-cash consideration, net		—			(280	)
Non-cash lease expense		2,066			1,889
Amortization of contract costs		752			599
Deferred income taxes		(867	)		—
Allowance for expected credit losses		173			(411	)
Gain from equity method investment		(1,038	)		(647	)
(Gain) loss on foreign currency remeasurement		(38,976	)		3,889
Changes in operating assets and liabilities
Accounts receivable		1,569			2,439
Contract assets		(10,838	)		12,395
Prepaid expenses		(10,111	)		2,438
Other current assets		(2,003	)		(6,318	)
Other assets		(1,230	)		(755	)
Accounts payable		(6,541	)		(17,917	)
Accrued expenses		(15,018	)		(4,868	)
Deferred revenue		(12,747	)		(6,584	)
Other current liabilities		(381	)		(3,643	)
Operating lease liabilities		(1,790	)		(1,911	)
Net cash used in operating activities		(29,763	)		(1,184	)
Cash flows from investing activities:
Purchases of property and equipment		(8,397	)		(4,594	)
Capitalization of internally developed software costs		(28,814	)		(23,856	)
Distributions from equity method investments		2,787			1,561
Purchases of intangible assets		(449	)		—
Proceeds from disposal of assets		9			—
Net cash used in investing activities		(34,864	)		(26,889	)
Cash flows from financing activities:
Proceeds from issuance of common shares, net of equity issuance costs		144,000			—
Repayment of loans and mortgage		(11	)		(9	)
Repayment of promissory notes		—			(7,575	)
Net cash provided by (used in) financing activities		143,989			(7,584	)
Effect of exchange rate changes on cash, cash equivalents and restricted cash		6,960			2,881
Net increase (decrease) in cash, cash equivalents and restricted cash		86,322			(32,776	)
Cash, cash equivalents and restricted cash at beginning of period		135,239			125,793
Cash, cash equivalents and restricted cash at end of period	$	221,561		$	93,017
Supplemental disclosure of cash activities:
Cash paid during the period for interest	$	1,630		$	178
Cash paid during the period for income taxes	$	1,684		$	715

The accompanying notes are an integral part of these condensed consolidated financial statements.

Genius Sports Limited

Notes to Condensed Consolidated Financial Statements

(Unaudited)

Note 1. Description of Business and Summary of Significant Accounting Policies

Description of Business

Genius Sports Limited (the “Company” or “Genius”) is a non-cellular company limited by shares incorporated on October 21, 2020 under the laws of Guernsey. The Company was formed for the purpose of effectuating a merger pursuant to a definitive business combination agreement (“Business Combination Agreement”), dated October 27, 2020, by and among dMY Technology Group, Inc. II (“dMY”), Maven Topco Limited (“Maven Topco”), Maven Midco Limited, Galileo NewCo Limited, Genius Merger Sub, Inc., and dMY Sponsor II, LLC (the “Merger”). Upon the closing of the Merger on April 20, 2021 (the “Closing”), the Company changed its name from Galileo NewCo Limited to Genius Sports Limited. The Company’s ordinary shares are currently listed on the New York Stock Exchange (“NYSE”) under the symbol “GENI”.

The Company is a provider of scalable, technology-led products and services to the sports, sports betting, and sports media industries. The Company is a data and technology company that enables consumer-facing businesses such as sports leagues, sportsbook operators and media companies to engage with their customers. The scope of the Company’s software bridges the entire sports data journey, from intuitive applications that enable accurate real-time data capture, to the creation and provision of in-game betting odds and digital content that helps the Company’s customers create engaging experiences for the ultimate end-users, who are primarily sports fans.

Basis of Presentation and Principles of Consolidation

The accompanying unaudited condensed consolidated financial statements are presented in conformity with US generally accepted accounting principles (“US GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting, with the exception of certain note disclosures, which have been omitted and therefore these financial statements do not include all information that would be provided if prepared in accordance with US GAAP. These unaudited condensed consolidated financial statements should be read in conjunction with the audited financial statements and accompanying notes thereto included in our 2024 20-F as filed with the SEC on March 14, 2025. The condensed consolidated balance sheet as of December 31, 2024, included herein, was derived from the audited financial statements of the Company as of that date.

The unaudited condensed consolidated interim financial statements, in the opinion of management, reflect all adjustments, consisting only of normal recurring adjustments, necessary to present fairly the Company’s financial position as of June 30, 2025, its results of operations, comprehensive loss and shareholders’ equity for the three and six months ended June 30, 2025 and 2024, and its cash flows for the six months ended June 30, 2025 and 2024. The results of the three and six months ended June 30, 2025 are not necessarily indicative of the results to be expected for the year ended December 31, 2025 or for any interim period or for any other future year.

The condensed consolidated financial statements include the accounts and operations of the Company, inclusive of its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.

Recent Accounting Pronouncements

In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which is intended to enhance the transparency and decision-usefulness of income tax disclosures, particularly in the rate reconciliation table and disclosures about income taxes paid. ASU 2023-09 is effective for the Company for the annual reporting period beginning January 1, 2025, with early adoption permitted. The Company is currently in the process of evaluating the effects of this pronouncement on the Company’s consolidated financial statements and does not expect it to have a material impact on the consolidated financial statements.

In November 2024, the FASB issued ASU 2024-03, Disaggregation of Income Statement Expenses. ASU 2024-03, which is intended to enhance the transparency and decision-usefulness of expense disclosures, and requires disaggregated disclosures, in the notes to the financial statements, of certain categories of expenses that are included in expense line items in the consolidated statements of operations. ASU 2024-03 is effective for the Company for the annual reporting period beginning January 1, 2027 and interim periods after December 15, 2027, with early adoption permitted. The Company is currently in the process of evaluating the effects of this pronouncement on the Company’s consolidated financial statements.

There are no other accounting pronouncements that are not yet effective and that are expected to have a material impact to the condensed consolidated financial statements.

Recently Adopted Accounting Guidance

In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which is intended to improve reportable segment disclosures, primarily through enhanced disclosures about significant segment

Genius Sports Limited

Notes to Condensed Consolidated Financial Statements

(Unaudited)

expenses. ASU 2023-07 was effective for the Company for the annual reporting period beginning January 1, 2024 and interim periods after December 15, 2024, with early adoption permitted. The Company adopted ASU 2023-07 on January 1, 2024. The adoption of the standard resulted in additional disclosures including significant segment expenses provided to the CODM (see Note 3 – Segment Information).

Note 2. Revenue

Disaggregation of Revenues

Revenue by Major Product Line

The Company’s product offerings primarily deliver a service to a customer satisfied over time, and not at a point in time. Revenue for the Company’s major product lines consists of the following (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Revenue by Product Line
Betting Technology, Content and Services	$	87,515	$	67,124	$	194,058	$	141,021
Media Technology, Content and Services		18,602		17,953		44,495		53,428
Sports Technology and Services		12,602		10,370		24,157		20,716
Total	$	118,719	$	95,447	$	262,710	$	215,165

Revenues by Major Customers

One customer accounted for 11% of revenue in the three months ended June 30, 2025. One customer accounted for 13% and 12% of revenue in the six months ended June 30, 2025 and 2024, respectively.

Revenue from Other Sources

For the three and six months ended June 30, 2025 and 2024, revenue for the Sports Technology and Services product line includes an immaterial amount of revenue from other sources in relation to equipment rental income.

Remaining Performance Obligations

Revenue allocated to remaining performance obligations represents contracted revenue that has not yet been recognized, which includes unearned revenue and unbilled amounts that will be recognized as revenue in future periods and excludes constrained variable consideration. The Company has excluded contracts with an original expected term of one year or less and variable consideration allocated entirely to wholly unsatisfied promises that form part of a single performance obligation from the disclosure of remaining performance obligations.

Revenue allocated to remaining performance obligations was $667.7 million as of June 30, 2025. The Company expects to recognize approximately 52% in revenue within one year, and the remainder within the next 13 – 90 months.

During the three months ended June 30, 2025 and 2024, the Company recognized revenue of $12.4 million and $15.9 million, respectively, for variable consideration related to revenue share contracts for Betting Technology, Content and Services. During the six months ended June 30, 2025 and 2024, the Company recognized revenue of $46.3 million and $36.4 million, respectively, for variable consideration related to revenue share contracts for Betting Technology, Content and Services.

Contract Balances

The timing of revenue recognition may differ from the timing of invoicing to customers, and these timing differences result in receivables (see Note 5 – Accounts Receivable, Net), contract assets, or contract liabilities (deferred revenue) on the Company’s condensed consolidated balance sheets. The Company records a contract asset when revenue is recognized prior to the right to invoice or deferred revenue when invoicing occurs prior to performance obligations being met. Contract assets are transferred to receivables when the rights to invoice and receive payment become unconditional.

Genius Sports Limited

Notes to Condensed Consolidated Financial Statements

(Unaudited)

As of June 30, 2025, the Company had $41.5 million of contract assets and $60.6 million of contract liabilities, recognized as deferred revenue. As of December 31, 2024, the Company had $30.6 million of contract assets and $73.4 million of contract liabilities, recognized as deferred revenue.

The Company expects to recognize substantially all of the deferred revenue as of June 30, 2025 within the next 12 months.

Note 3. Segment Information

The Company has a single operating segment that derives revenues from customers by providing access to Betting Content Technology, Content and Services, Media Technology Content and Services and Sports Technology and Services, and therefore has one reportable segment. The Company’s chief operating decision maker (“CODM”) is the Chief Executive Officer. The accounting policies of the single reportable segment are the same as those described in the summary of significant accounting policies. The CODM assesses performance for the segment and decides how to allocate resources based on net loss that also is reported on the consolidated statements of operations as net loss. The measure of segment assets is reported on the consolidated balance sheets as total assets. Net loss is used by our CODM to identify underlying trends in the performance of the Company and make comparisons with the financial performance of competitors. Net loss is used to monitor budget versus actual results. The monitoring of budgeted versus actual results are used in assessing performance of the segment and in establishing management’s compensation.

Significant segment expenses provided to the CODM are as follows (in thousands):


	Three Months Ended June 30,						Six Months Ended June 30,
	2025			2024			2025			2024
Revenue	$	118,719		$	95,447		$	262,710		$	215,165
Data and streaming rights		(25,426	)		(22,059	)		(84,871	)		(72,708	)
Media direct costs		(9,207	)		(8,816	)		(24,780	)		(27,128	)
Other direct variable costs		(13,522	)		(13,486	)		(27,259	)		(26,973	)
Employee expenses		(36,661	)		(33,364	)		(77,356	)		(63,476	)
Capitalized software development costs		15,465			12,929			28,814			23,856
Overhead costs		(27,347	)		(11,787	)		(45,242	)		(25,510	)
Other segment items (1)		(75,969	)		(40,656	)		(94,162	)		(70,559	)
Net loss	$	(53,948	)	$	(21,792	)	$	(62,146	)	$	(47,333	)

(1)

Other segment items include transaction expenses, stock-based compensation, amortization of internally developed software costs, other depreciation and amortization, interest income, net, gain (loss) on foreign currency, income tax (expense) benefit, gain from equity method investment and loss on disposal of assets.

Revenue by Geographic Market

Geographical regions are determined based on the region in which the customer is headquartered or domiciled. Revenues by geographical market consist of the following (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Revenue by geographical market:
Europe	$	73,430	$	58,279	$	137,583	$	113,690
Americas		35,288		30,185		106,316		88,147
Rest of the world		10,001		6,983		18,811		13,328
Total	$	118,719	$	95,447	$	262,710	$	215,165

In the three months ended June 30, 2025, the United States, Gibraltar and the United Kingdom represented 22%, 16% and 14% of total revenue, respectively. In the three months ended June 30, 2024, the United States, Gibraltar, United Kingdom and Malta represented 21%, 15%, 12% and 11% of total revenue, respectively. In the six months ended June 30, 2025, the United States, Gibraltar and the United Kingdom represented 34%, 14% and 12% of total revenue, respectively. In the six months ended June 30, 2024, the United States, Gibraltar

Genius Sports Limited

Notes to Condensed Consolidated Financial Statements

(Unaudited)

and the United Kingdom represented 32%, 13% and 10% of total revenue, respectively. No other countries represented more than 10% of revenues.

Note 4. Cash, Cash Equivalents and Restricted Cash

Cash, cash equivalents and restricted cash as of June 30, 2025 and December 31, 2024 are as follows (in thousands):


	June 30,		December 31,
	2025		2024
Cash and cash equivalents	$	221,561	$	110,213
Restricted cash, current		—		25,026
Cash, cash equivalents and restricted cash	$	221,561	$	135,239

Restricted cash related to a guarantee issued by the Company to Barclays Bank PLC in connection with a letter of credit that Barclays provided to Football DataCo Limited for and on behalf of the Company for an aggregate amount of £20.0 million ($25.0 million) as of December 31, 2024.

Note 5. Accounts Receivable, Net

As of June 30, 2025, accounts receivable, net consisted of accounts receivable of $88.3 million less allowance for credit losses of $4.5 million. As of December 31, 2024, accounts receivable, net consisted of accounts receivable of $90.5 million less allowance for credit losses of $5.0 million.

The movement in the allowance for credit losses during periods presented are as follows:


	2025			2024
Beginning balance – January 1	$	4,974		$	5,136
Provision for expected credit losses		473			(462	)
Write-offs, net of recoveries		(991	)		(709	)
Foreign currency translation adjustments		25			(1	)
Ending balance – June 30	$	4,481		$	3,964

Note 6. Intangible Assets, Net

Intangible assets subject to amortization as of June 30, 2025 consist of the following (in thousands, except years):


	Weighted Average Remaining Useful Lives	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
	(years)
Data rights	3	$	67,064	$	45,827	$	21,237
Marketing products	9		59,099		45,181		13,918
Technology	2		107,729		106,710		1,019
Capitalized software	2		234,981		154,824		80,157
Total intangible assets		$	468,873	$	352,542	$	116,331

Genius Sports Limited

Notes to Condensed Consolidated Financial Statements

(Unaudited)

Intangible assets subject to amortization as of December 31, 2024 consist of the following (in thousands, except years):


	Weighted Average Remaining Useful Lives	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
	(years)
Data rights	4	$	67,064	$	42,474	$	24,590
Marketing products	9		59,099		44,365		14,734
Technology	2		107,279		106,399		880
Capitalized software	2		206,003		130,668		75,335
Total intangible assets		$	439,445	$	323,906	$	115,539

Amortization expense was $14.1 million and $19.2 million for the three months ended June 30, 2025 and 2024, respectively. Amortization expense was $28.6 million and $39.0 million for the six months ended June 30, 2025 and 2024, respectively.

No impairment of intangible assets was recognized for the three and six months ended June 30, 2025 and 2024.

Note 7. Goodwill

Changes in the carrying amount of goodwill for the periods presented in the accompanying condensed consolidated financial statements are as follows (in thousands):


Balance as of December 31, 2024	$	326,011
Balance as of June 30, 2025	$	326,011

No impairment of goodwill was recognized for the three and six months ended June 30, 2025 and 2024.

Note 8. Other Assets

Other assets (current and long-term) as of June 30, 2025 and December 31, 2024 are as follows (in thousands):


	June 30,		December 31,
	2025		2024
Other current assets:
Non-trade receivables	$	498	$	51
Corporate tax receivable		5,834		4,309
Sales tax receivable		2,156		1,101
Other tax receivable		1,562		2,855
Inventory		408		482
Contract costs		1,169		1,104
Total other current assets	$	11,627	$	9,902
Other assets:
Security deposit	$	1,716	$	987
Withholding tax receivable		750		572
Contract costs		1,114		1,147
Total other assets	$	3,580	$	2,706

Genius Sports Limited

Notes to Condensed Consolidated Financial Statements

(Unaudited)

Note 9. Debt

The following table summarizes outstanding debt balances as of June 30, 2025 and December 31, 2024 (in thousands):


	Date of	Maturity	Effective			June 30,			December 31,
Instrument	Issuance	Date	Interest Rate			2025			2024
Genius Sports Italy Srl Mortgage	December 2010	December 2025		4.0	%	$	10		$	19
						$	10		$	19
Less current portion of debt							(10	)		(19	)
Non-current portion of debt						$	—		$	—

Genius Sports Italy Srl Mortgage

On December 1, 2010, Genius Sports entered into a loan agreement in Euros for €0.3 million. The outstanding balance is equivalent to less than $0.1 million as of June 30, 2025, and is to be paid in accordance with the quarterly floating rate amortization schedule over the course of the loan.

Credit Agreement

In April 2024, the Company entered into a Credit Agreement with Citibank, N.A. and Deutsche Bank Securities Inc., in connection with a $90.0 million senior secured revolving credit facility (the “Credit Agreement”), which was amended in July 2024 to include an additional $30.0 million contribution from Goldman Sachs Bank USA, and amended in March 2025 to include an additional $30.0 million contribution from Barclays Bank PLC and an additional $30.0 million contribution from Citizens Bank, N.A., increasing the total facility size to $180.0 million. Unless previously terminated in accordance with its terms, the Credit Agreement will mature on April 29, 2029.

The Credit Agreement incurs commitment fees ranging from 0.3% to 0.4% of the total facility per annum, and carries an interest rate ranging from the Secured Overnight Financing Rate (“SOFR”) plus 2.75% to SOFR plus 3.25% per annum, depending on the Company’s consolidated total net leverage ratio. As of June 30, 2025 the Company was in compliance with all applicable covenants.

During the second and third quarter of fiscal year 2024, the Company utilized the Credit Agreement to issue two letters of credit to a supplier to the value of GBP £46.0 million ($63.1 million). During the first quarter of fiscal year 2025, the Company utilized the Credit Agreement to increase the letter of credit to the same supplier to the value of GBP £92.0 million ($126.1 million). The issuance of letters of credit under the terms of the Credit Agreement reduces the available borrowing capacity of the facility but is not considered as a drawdown against the facility, and does not constitute outstanding borrowings of the Company.

As of June 30, 2025 and December 31, 2024, the Company had no outstanding borrowings under the Credit Agreement. As of June 30, 2025 the available facility value was $53.9 million.

Interest Expense

Interest expense was $1.0 million and $0.2 million for the three months ended June 30, 2025 and 2024, respectively. Interest expense was $1.6 million and $0.2 million for the six months ended June 30, 2025 and 2024, respectively.

Debt Maturities

Expected future payments for all borrowings as of June 30, 2025 are as follows:


Fiscal Period:	(in thousands)
2025 (Remaining)	$	10
2026		—
2027		—
2028		—
2029		—
Thereafter		—
Total payment outstanding	$	10

Genius Sports Limited

Notes to Condensed Consolidated Financial Statements

(Unaudited)

Note 10. Other Liabilities

Other current liabilities as of June 30, 2025 and December 31, 2024 are as follows (in thousands):


	June 30,		December 31,
	2025		2024
Other current liabilities:
Other payables	$	873	$	861
Corporate tax payable		2,464		1,295
Sales tax payable		792		727
Legal provisions		4,800		—
Deferred consideration		17		6,031
Contingent consideration		—		413
Total other current liabilities	$	8,946	$	9,327

The Company’s basic net loss per share is computed by dividing the net loss attributable to common stockholders by the weighted-average shares of common stock outstanding (including vested warrants issued to the NFL), net of weighted average treasury stock outstanding, during periods with undistributed losses. Vested warrants issued to the NFL are included in adjusted weighted average common stock outstanding as they can be converted to ordinary shares of the Company for an exercise price of $0.01 per warrant share. The B Shares, issued in connection with the License Agreement (defined below), are not included in the loss per share calculations below as they are non-participating securities with no rights to dividends or distributions. Diluted loss per share attributable to common stockholders is computed by giving effect to all potentially dilutive securities. Basic and diluted loss per share attributable to common stockholders was the same for the three and six months ended June 30, 2025 and 2024 as the inclusion of all potentially dilutive securities outstanding was anti-dilutive.

The computation of loss per share and weighted average shares of the Company’s common stock outstanding for the three and six months ended June 30, 2025 and 2024 is as follows (in thousands except share and per share data):


	Three Months Ended June 30,						Six Months Ended June 30,
	2025			2024			2025			2024
Net loss attributable to common stockholders – basic and diluted	$	(53,948	)	$	(21,792	)	$	(62,146	)	$	(47,333	)
Shares used in computation:
Weighted average common stock outstanding		237,681,779			210,964,001			235,508,015			210,895,387
Vested warrants issued to NFL to purchase common stock		15,538,462			18,500,000			15,331,492			18,500,000
Adjusted weighted average common stock outstanding - basic and diluted		253,220,241			229,464,001			250,839,507			229,395,387
Loss per share attributable to common stockholders – basic and diluted	$	(0.21	)	$	(0.09	)	$	(0.25	)	$	(0.21	)

The following table presents the potentially dilutive securities that were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented because including them would have been antidilutive:


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Stock options to purchase common stock		23,007		91,436		23,007		91,436
Unvested restricted shares		—		1,474,191		—		1,474,191
Unvested warrants issued to NFL to purchase common stock		5,000,000		—		5,000,000		—
Unvested equity-settled restricted share units		6,096,831		6,241,203		6,096,831		6,241,203
Unvested equity-settled performance-based restricted share units		23,194,267		13,159,771		23,194,267		13,159,771
Total		34,314,105		20,966,601		34,314,105		20,966,601

Genius Sports Limited

Notes to Condensed Consolidated Financial Statements

(Unaudited)

Note 12. Stock-based Compensation

Restricted Shares

2021 Restricted Share Plan

On October 27, 2020, in anticipation of the Merger, the Board of Directors approved a Management Equity Term Sheet (“Term Sheet”) which modified the terms of Maven Topco’s legacy Incentive Securities (defined below) and allowed for any unvested Incentive Securities at Closing to be converted to restricted shares under the 2021 Restricted Share Plan, using the Exchange Ratio established during the Merger.

Specifically, historical unvested Class B and Class C Incentive Securities were converted to restricted shares subject only to service conditions (“Time-Vesting Restricted Shares”) and subject to graded vesting over four years. Historical Class D unvested Incentive Securities were converted to restricted shares with service and market conditions (“Performance-Vesting Restricted Shares”), subject to graded vesting over three years based on a market condition related to volume weighted average trading price performance of the Company’s common stock.

The Company determined that a modification to the terms of Maven Topco’s legacy Incentive Securities occurred on October 27, 2020 (“October 2020 Modification”) because the Company removed the Bad Leaver provision (discussed below in “Incentive Securities” section) for vested awards, contingent upon the Closing, representing a change in vesting conditions. The Company further determined that another modification occurred on April 20, 2021 (“April 2021 Modification”) since the Incentive Securities, which are private company awards, were exchanged for restricted shares, which are public company awards, representing a change in vesting conditions.

No compensation cost was recognized as a result of the October 2020 Modification because the awards were improbable of vesting both before and after the modification date as of October 27, 2020. Upon Closing, the Company recognized total compensation cost of $183.2 million to account for the vesting of the historical Incentive Securities upon removal of the Bad Leaver provision. The Company measured the awards based on their fair values as of October 27, 2020, which is considered to be the grant date fair value of the awards, adjusted for any incremental compensation cost resulting from the April 2021 Modification, which is determined to be immaterial.

The Company determined that a modification to the terms of the 2021 Restricted Share Plan occurred on April 19, 2024 (“April 2024 Modification”) because the Company extended the vesting period of the unvested Performance-Vesting Restricted Shares for selected participants from April 20, 2024 and April 20, 2025, to April 20, 2026.

A summary of the Company’s restricted shares activities for the six months ended June 30, 2025 is as follows:


	Number of Shares			Weighted Average Grant Date Fair Value per Share
Unvested restricted shares as of December 31, 2024		1,474,191		$	9.64
Vested		(1,472,053	)	$	9.64
Forfeited		(2,138	)	$	9.64
Unvested restricted shares as of June 30, 2025		—		$	—

The compensation cost recognized for the restricted shares during the three months ended June 30, 2025 and 2024 was zero and $3.8 million, respectively. The compensation cost recognized for the restricted shares during the six months ended June 30, 2025 and 2024 was zero and $4.6 million, respectively.

As of June 30, 2025, there is no unrecognized compensation cost related to the restricted shares.

Stock Options

2021 Option Plan

On April 20, 2021 (“2021 Grant Date”), as part of the Merger, the Board of Directors adopted the 2021 Option Plan and granted employees options to purchase the Company’s common stock via an employee benefit trust including 1) options which shall immediately vest upon Closing (“Immediate-Vesting Options”), 2) options subject only to service conditions (“Time-Vesting Options”) and 3) options with service and market conditions (“Performance-Vesting Options”). Immediate-Vesting Options became fully vested and exercisable immediately following the Closing, which aligns with the 2021 Grant Date. Time-Vesting Options are subject to graded vesting over the four

Genius Sports Limited

Notes to Condensed Consolidated Financial Statements

(Unaudited)

years following the 2021 Grant Date. Performance-Vesting Options are subject to graded vesting over the three years from the 2021 Grant Date, subject to a market condition related to volume weighted average trading price performance of the Company’s common stock.

A summary of the Company’s options activity for the six months ended June 30, 2025 is as follows:


	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life		Aggregate Intrinsic Value
						(in years)		(in thousands)
Outstanding as of December 31, 2024		37,476		$	10.00		1.3	$	—
Forfeited		(14,469	)	$	10.00
Outstanding as of June 30, 2025		23,007		$	10.00		0.8	$	1
Exercisable as of June 30, 2025		23,007
Unvested as of June 30, 2025		—

The compensation cost recognized for options during the three months ended June 30, 2025 and 2024 was less than $0.1 million and $0.1 million, respectively. The compensation cost recognized for options during the six months ended June 30, 2025 and 2024 was $0.1 million and $0.3 million, respectively. The total fair value of options that vested during the three and six months ended June 30, 2025 was $0.1 million and $0.2 million, respectively.

As of June 30, 2025, there is no unrecognized stock-based compensation expense related to the stock options.

Employee Incentive Plan

The Company created an employee incentive plan involving share-based and cash-based incentives to support the success of the Company by further aligning the personal interests of employees, officers, and directors to those of our shareholders by providing an incentive to drive performance and sustained growth.

2022 Employee Incentive Plan

On April 5, 2022, (“2022 Grant Date”) the Board of Directors adopted the 2022 Employee Incentive Plan and granted employees (1) Equity-settled Restricted Share Units (“RSUs”), (2) Cash-settled Restricted Share Units (“Cash-settled RSUs”) and (3) Equity-settled Performance-Based Restricted Share Units (“PSUs”).

The RSUs and Cash-settled RSUs are subject to a service condition with graded vesting over the three years following the 2022 Grant Date. PSUs vest after three years, subject to a service condition, a market condition related to volume weighted average trading price performance of the Company’s common stock, and performance conditions related to the Company’s cumulative revenue and cumulative adjusted EBITDA.

2023 Employee Incentive Plan

On December 7, 2023, (“2023 Grant Date”) the Board of Directors granted employees (1) RSUs, (2) Cash-settled RSUs and (3) PSUs.

The RSUs and Cash-settled RSUs are subject to a service condition with graded vesting over the three years following the 2023 Grant Date. PSUs vest after three years, subject to a service condition, and performance conditions related to the Company’s cumulative revenue and cumulative adjusted EBITDA.

2024 Employee Incentive Plan

On April 3, 2024, (“2024 Grant Date”) the Board of Directors granted employees (1) RSUs, (2) Cash-settled RSUs and (3) PSUs.

The RSUs and Cash-settled RSUs are subject to a service condition with graded vesting over the three years following the 2024 Grant Date. PSUs vest after three years, subject to a service condition, and performance conditions related to the Company’s cumulative revenue and cumulative adjusted EBITDA.

Genius Sports Limited

Notes to Condensed Consolidated Financial Statements

(Unaudited)

2025 Employee Incentive Plan

On April 10, 2025, (“2025 Grant Date”) the Board of Directors granted employees (1) RSUs, (2) Cash-settled RSUs and (3) PSUs.

The RSUs and Cash-settled RSUs are subject to a service condition with graded vesting over the three years following the 2025 Grant Date. PSUs vest after three years, subject to a service condition, and performance conditions related to the Company’s cumulative revenue and cumulative adjusted EBITDA.

On May 13, 2025, the Board of Directors granted employees RSUs, vesting after one year, and subject to a service condition.

On May 15, 2025 and May 20, 2025, the Board of Directors granted employees PSUs, vesting either annually over three years, or over three years, subject to a service condition, and performance conditions related to the Company’s revenue growth.

Equity-settled Restricted Share Units

The estimated grant date fair value of the Company’s RSUs is estimated to be equal to the closing price of the Company’s common stock on each grant date.

A summary of the Company’s Equity-settled Restricted Share Units activity for the six months ended June 30, 2025 is as follows:


	Number of RSUs			Weighted Average Grant Date Fair Value per RSU
Unvested RSUs as of December 31, 2024		6,665,511		$	5.50
Granted		2,406,462		$	9.70
Forfeited		(366,637	)	$	6.06
Vested		(2,608,505	)	$	5.25
Unvested RSUs as of June 30, 2025		6,096,831		$	7.23

The compensation cost recognized for RSUs during the three months ended June 30, 2025 and 2024 was $7.5 million and $5.3 million, respectively. The compensation cost recognized for RSUs during the six months ended June 30, 2025 and 2024 was $11.3 million and $7.8 million, respectively.

As of June 30, 2025, the Company had $30.3 million of unrecognized stock-based compensation expense related to the RSUs. This cost is expected to be recognized over a weighted-average period of 1.9 years.

Cash-settled Restricted Share Units

Our outstanding Cash-settled RSUs entitle employees to receive cash based on the fair value of the Company’s common stock on the vesting date. The Cash-settled RSUs are accounted for as liability awards and are re-measured at fair value each reporting period until they become vested with compensation expense being recognized over the requisite service period. The Company has a liability, which is included in “Other current liabilities” within the condensed consolidated balance sheets of $0.4 million and $0.5 million as of June 30, 2025 and December 31, 2024, respectively.

The estimated grant date fair value of the Company’s Cash-settled RSUs is estimated to be equal to the closing price of the Company’s common stock on each grant date.

Genius Sports Limited

Notes to Condensed Consolidated Financial Statements

(Unaudited)

A summary of the Company’s Cash-settled RSUs activity for the six months ended June 30, 2025 is as follows:


	Number of Cash-settled RSUs			Weighted Average Grant Date Fair Value per Cash-settled RSU
Unvested Cash-settled RSUs as of December 31, 2024		94,279		$	5.38
Granted		34,840		$	9.58
Forfeited		(1,672	)	$	5.44
Vested		(40,620	)	$	5.28
Unvested Cash-settled RSUs as of June 30, 2025		86,827		$	7.11

The compensation cost recognized for Cash-settled RSUs during the three months ended June 30, 2025 and 2024 was $0.1 million and $0.1 million, respectively. The compensation cost recognized for Cash-settled RSUs during the six months ended June 30, 2025 and 2024 was $0.2 million and $0.1 million, respectively.

As of June 30, 2025, the Company had $0.5 million of unrecognized stock-based compensation expense related to the Cash-settled RSUs. This cost is expected to be recognized over a weighted-average period of 2.0 years.

Equity-settled Performance-Based Restricted Share Units

The Company’s PSUs were adopted in order to provide employees, officers and directors with stock-based compensation tied directly to the Company’s performance, further aligning their interests with those of shareholders and provides compensation only if the designated performance goals are met over the applicable performance period. The awards have the potential to be earned at between 0% – 150% of the number of awards granted depending on achievement of the performance goals but remain subject to vesting for the full three-year service period.

During the first quarter of fiscal year 2025, the performance multiplier for PSUs with cumulative revenue and cumulative adjusted EBITDA performance conditions granted in 2023 was confirmed as 127% and 150%, respectively, resulting in an increase in related compensation cost of $7.4 million. The compensation cost recognized for PSUs granted in 2023 increased by $0.6 million and $6.2 million during the three and six months ended June 30, 2025, respectively.

During the second quarter of fiscal year 2025, the performance multiplier for PSUs with cumulative revenue and cumulative adjusted EBITDA performance conditions granted in 2024 was adjusted to reflect estimated achievement of 150% and 148%, respectively, resulting in an increase in related compensation cost of $8.7 million. The compensation cost recognized for PSUs granted in 2024 increased by $4.3 million and $4.3 million during the three and six months ended June 30, 2025, respectively.

The grant date fair values of PSUs subject to performance conditions are based on the most recent closing stock price of the Company’s shares of common stock. The stock-based compensation expense is recognized over the remaining service period at the time of grant, adjusted for the Company’s expectation of the achievement of the performance conditions.

A summary of the Company’s PSUs activity for the six months ended June 30, 2025 is as follows:


	Number of PSUs			Weighted Average Grant Date Fair Value per PSU
Unvested PSUs as of December 31, 2024		12,636,379		$	5.37
Granted		12,508,700		$	9.98
Forfeited		(389,060	)	$	5.65
Vested		(1,561,752	)	$	4.26
Unvested PSUs as of June 30, 2025		23,194,267		$	7.93

Genius Sports Limited

Notes to Condensed Consolidated Financial Statements

(Unaudited)

The compensation cost recognized for PSUs during the three months ended June 30, 2025 and 2024 was $33.5 million and $8.0 million, respectively. The compensation cost recognized for PSUs during the six months ended June 30, 2025 and 2024 was $42.5 million and $11.1 million, respectively.

As of June 30, 2025, the Company had $117.7 million of unrecognized stock-based compensation expense related to the PSUs. This cost is expected to be recognized over a weighted-average period of 2.3 years.

NFL Warrants

On April 1, 2021, the Company entered into a multi-year strategic partnership with NFL Enterprises LLC (“NFL”) (the “License Agreement”). Under the terms of the License Agreement, the Company obtains the right to serve as the worldwide exclusive distributor of NFL official data to the global regulated sports betting market, the worldwide exclusive distributor of NFL official data to the global media market, the NFL’s exclusive international distributor of live digital video to the regulated sports betting market (outside of the United States of America where permitted), and the NFL’s exclusive sports betting and i-gaming advertising partner. The License Agreement contemplated a four-year period commencing April 1, 2021. Pursuant to the License Agreement, the Company agreed to issue the NFL an aggregate of up to 18,500,000 warrants with each warrant entitling NFL to purchase one ordinary share of the Company for an exercise price of $0.01 per warrant share. The warrants were subject to vesting over a two-year term in three tranches. Additionally, each warrant was issued with one share of redeemable B Share with a par value of $0.0001. The B Shares, which are not separable from the warrants, are voting only shares with no economic rights to dividends or distributions. Pursuant to the License Agreement, when the warrants are exercised, the Company shall purchase or, at its discretion, redeem at the par value an equivalent number of B Shares, and any such purchased or redeemed B Shares shall thereafter be cancelled.

On June 6, 2025, the Company extended the License Agreement through the end of the 2029 NFL season. Pursuant to the extended License Agreement, the Company issued the NFL an additional 9,500,000 warrants with each warrant entitling NFL to purchase one ordinary share of the Company for an exercise price of $0.01 per warrant share. Of such additional warrants, 4,500,000 warrants vested on June 10, 2025 and 5,000,000 will vest on April 1, 2028, unless delayed at the sole discretion of the NFL to no later than August 2, 2029. The additional warrants were not issued with any B Shares.

The Company accounts for the License Agreement as an executory contract for the ongoing Data Feeds and the warrants are accounted for as share-based payments to non-employees. The awards are measured at grant date fair value when all key terms and conditions are understood by both parties, including for unvested awards and are expensed over the term to align with the data services to be provided over the periods.

The grant date fair value of the additional warrants is estimated to be equal to the closing price of the Company’s common stock of $9.48 as of the grant date on June 6, 2025.

A summary of the Company’s warrants activity for the six months ended June 30, 2025 is as follows:


	Number of Warrants
Outstanding as of December 31, 2024		18,500,000
Issued		9,500,000
Exercised		(4,000,000	)
Outstanding as of June 30, 2025		24,000,000

The cost recognized for the warrants during the three months ended June 30, 2025 and 2024 was $43.8 million and zero, respectively. The cost recognized for the warrants during the six months ended June 30, 2025 and 2024 was $43.8 million and zero, respectively. A total of 4,500,000 warrants vested during the three and six months ended June 30, 2025. As of June 30, 2025, the Company had $46.2 million of unrecognized stock-based compensation expense related to the warrants. This cost is expected to be recognized over a weighted-average period of 2.8 years.

Genius Sports Limited

Notes to Condensed Consolidated Financial Statements

(Unaudited)

Stock-based Compensation Summary

The Company’s total stock-based compensation expense was summarized as follows (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Cost of revenue	$	43,918	$	170	$	43,968	$	292
Sales and marketing		3,633		1,551		5,230		2,227
Research and development		3,529		1,930		5,385		2,770
General and administrative		33,911		13,542		43,337		18,649
Total	$	84,991	$	17,193	$	97,920	$	23,938

Note 13. Fair Value Measurements

The Company uses valuation approaches that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible. The Company determines fair value based on assumptions that market participants would use in pricing an asset or liability in the principal or most advantageous market. When considering market participant assumptions in fair value measurements, the following fair value hierarchy distinguishes between observable and unobservable inputs, which are categorized in one of the following levels:

•

Level 1 inputs: Unadjusted quoted prices in active markets for identical assets or liabilities accessible to the reporting entity at the measurement date.

•

Level 2 inputs: Other than quoted prices included in Level 1 inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability.

•

Level 3 inputs: Unobservable inputs for the asset or liability used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at measurement date.

The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Assets and liabilities measured at fair value are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

Contingent consideration were classified as Level 3 financial instruments. The fair value of contingent consideration was determined based on significant unobservable inputs including discount rate, estimated revenue of the acquired business, and estimated probabilities of achieving specified technology development and operational milestones. Significant judgment was employed in determining the appropriateness of the inputs described above. Changes to the inputs could have a material impact on the Company’s financial position and results of operations in any given period.

The contingent consideration obligation arising from the acquisition of Photospire Limited (“Spirable”) was settled during the first quarter of fiscal year 2025.

The change in the fair value of the contingent consideration is summarized as follows (in thousands):


	2025
Beginning balance – January 1	$	413
Contingent consideration payments		(426	)
Foreign currency translation adjustments		13
Ending balance – June 30	$	—

During the three and six months ended June 30, 2025, the Company had no transfers between levels of the fair value hierarchy of its assets or liabilities measured at fair value.

Note 14. Income Taxes

The Company had an income tax expense of $1.7 million and income tax benefit of $1.3 million, relative to pre-tax loss of $53.1 million and pre-tax loss of $23.5 million for the three months ended June 30, 2025 and 2024, respectively. The Company had an income tax expense

Genius Sports Limited

Notes to Condensed Consolidated Financial Statements

(Unaudited)

of $2.3 million and income tax benefit of $0.2 million, relative to pre-tax loss of $60.9 million and pre-tax loss of $48.2 million for the six months ended June 30, 2025 and 2024, respectively.

As of June 30, 2025 and December 31, 2024, the Company had no uncertain tax positions.

On July 4, 2025, the One Big Beautiful Bill Act (the “Act”) was enacted into law in the United States of America, with certain provisions of the Act effective in 2025 and other provisions becoming effective in 2026 and beyond. The Company is in the process of evaluating the impacts of the Act to our consolidated financial statements.

Note 15. Operating Leases

The Company leases offices under operating lease agreements. Some of the Company’s leases include one or more options to renew. For a majority of our leases, we do not assume renewals in our determination of the lease term as the renewals are not deemed to be reasonably assured. The Company’s lease agreements generally do not contain any material residual value guarantees or material restrictive covenants. As of June 30, 2025, the Company’s lease agreements have varying lease terms that do not currently exceed seven years.

Payments under the Company’s lease arrangements may be fixed or variable, and variable lease payments primarily represent costs related to common area maintenance and utilities. The components of lease expense are summarized as follows (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Operating lease cost	$	1,383	$	1,017	$	2,630	$	2,326
Short term lease cost		221		228		472		463
Variable lease cost		174		154		348		330
Sublease income		—		—		—		(36	)
Total lease cost	$	1,778	$	1,399	$	3,450	$	3,083

Other information related to leases is summarized as follows (in thousands, except lease term and discount rate):


		Six Months Ended June 30,

PRELIMINARY NOTE

Condensed Consolidated Balance Sheets

(Amounts in thousands, except share and per share data)

Condensed Consolidated Statements of Operations

(Unaudited)

Condensed Consolidated Statements of Comprehensive Loss

(Unaudited)

Condensed Consolidated Statements of Changes in Shareholders’ Equity

(Unaudited)

Condensed Consolidated Statements of Cash Flows

(Unaudited)

Note 1. Description of Business and Summary of Significant Accounting Policies

Note 3. Segment Information

Note 4. Cash, Cash Equivalents and Restricted Cash

Note 5. Accounts Receivable, Net

Note 6. Intangible Assets, Net

Note 7. Goodwill

Note 8. Other Assets

Note 9. Debt

Note 10. Other Liabilities

Note 11. Loss Per Share

Note 12. Stock-based Compensation

Note 13. Fair Value Measurements

Note 14. Income Taxes

Note 15. Operating Leases

Genius Sports Ltd 6-K