Sportradar Group AG
SRAD · Services-Computer Programming, Data Processing, Etc. · EDGAR filings ↗
Reference price $16.50 — last insider sale, 2026-06-10 (estimated from the dated SEC Form 4 price — not a live quote)
Grade
A85Dominant #1 B2B sports-betting data franchise with a durable moat from exclusive league rights, top-decile gross margins, strong double-digit revenue growth, and powerful free-cash-flow generation.
Strengths
- Wide moat: exclusive Tier-1 rights (NBA, MLB, NHL, ATP, etc.) underpin 85% gross margin (91st pct) and #1 market share
- Top-decile cash generation (FCF margin 31%, FCF ~$468M) with 32% revenue growth (84th pct) and net income up 237%
Risks
- Net margin (53rd pct) and ROE (~10%, 59th pct) are only mid-pack, weighed down by acquisition amortization
- Tight current/quick ratio (26th pct) and exposure to gambling-regulation and rights-cost inflation
Notable findings
- Strong balance sheetStrong balance sheet — $429M cash & investments
- Insider buyingInsider buying — 13 open-market buy(s) by 7 insider(s) (cluster of 7 insiders, ~$11M, last 6mo) Form 4 ↗
Key metrics
Gross margin
85.2%
Net margin
7.8%
Return on equity
10.3%
Return on assets
3.5%
Revenue growth (QoQ)
31.6%
Net-income growth
237.1%
Debt / equity
0.1×
Current ratio
1.2×
Free cash flow
$468M
Tangible book value
$1.1B
Cash & investments
$429M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-10 | MILLER MICHAEL CONNOLLY | Sell | 1.5K | $16.50 |
| 2026-06-01 | FELENSTEIN CRAIG | Grant | 40K | — |
| 2026-05-20 | KURTZ WILLIAM | Grant | 13K | — |
| 2026-05-20 | Ramanathan Rajani | Grant | 13K | — |
| 2026-05-20 | Walder Marc | Grant | 13K | — |
| 2026-05-20 | YABUKI JEFFERY W | Grant | 26K | — |
| 2026-05-20 | Fleet George | Grant | 13K | — |
| 2026-05-20 | Bigley Deirdre Mary | Grant | 13K | — |
| 2026-05-20 | Corcoran Breon | Grant | 13K | — |
| 2026-05-18 | Deen Sameer | Grant | 240K | — |
| 2026-05-15 | KURTZ WILLIAM | Tax withheld | 1.9K | $12.49 |
| 2026-05-15 | Ramanathan Rajani | Tax withheld | 1.9K | $12.49 |
| 2026-05-15 | Walder Marc | Tax withheld | 479 | $12.49 |
| 2026-05-15 | Fleet George | Tax withheld | 2.3K | $12.49 |
| 2026-05-15 | Bigley Deirdre Mary | Tax withheld | 1.9K | $12.49 |
| 2026-05-15 | Corcoran Breon | Tax withheld | 817 | $12.49 |
| 2026-05-15 | YABUKI JEFFERY W | Tax withheld | 3.7K | $12.49 |
| 2026-05-06 | Koerl Carsten | Buy | 158K | $13.49 |
| 2026-05-05 | Koerl Carsten | Buy | 158K | $13.40 |
| 2026-05-04 | Koerl Carsten | Buy | 182K | $13.38 |
| 2026-05-01 | Koerl Carsten | Buy | 143K | $13.23 |
| 2026-04-30 | Walder Marc | Buy | 66K | $12.77 |
| 2026-04-30 | YABUKI JEFFERY W | Buy | 3.0K | $13.00 |
| 2026-04-30 | YABUKI JEFFERY W | Buy | 5.0K | $12.88 |
| 2026-04-30 | YABUKI JEFFERY W | Buy | 2.0K | $13.00 |
| 2026-04-30 | Ramanathan Rajani | Buy | 8.0K | $12.49 |
| 2026-04-30 | KURTZ WILLIAM | Buy | 8.0K | $12.97 |
| 2026-04-30 | Bigley Deirdre Mary | Buy | 3.9K | $12.57 |
| 2026-04-30 | Fleet George | Buy | 7.8K | $12.73 |
| 2026-04-30 | Koerl Carsten | Buy | 111K | $13.06 |
| 2026-03-31 | Koerl Carsten | Grant | 183K | — |
| 2026-03-31 | Ritter James Scott | Grant | 2.8K | — |
| 2026-03-31 | Ritter James Scott | Tax withheld | 1.7K | $16.74 |
| 2026-03-31 | Ritter James Scott | Grant | 21K | — |
| 2026-03-31 | MILLER MICHAEL CONNOLLY | Tax withheld | 1.8K | $16.74 |
| 2026-03-31 | MILLER MICHAEL CONNOLLY | Grant | 18K | — |
| 2026-03-31 | FELENSTEIN CRAIG | Tax withheld | 1.5K | $16.74 |
| 2026-03-31 | FELENSTEIN CRAIG | Grant | 21K | — |
All non-derivative Form 4 activity (SEC), newest first.
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-03-27 | 2025-12-31 | 0001104659-26-035485 ↗ |
| 20-F | 2025-03-20 | 2024-12-31 | 0001410578-25-000399 ↗ |
| 20-F | 2024-03-20 | 2023-12-31 | 0001104659-24-036445 ↗ |
| 20-F | 2023-03-15 | 2022-12-31 | 0001104659-23-032506 ↗ |
| 20-F | 2022-03-31 | 2021-12-31 | 0001193125-22-090701 ↗ |