US Stock MarketDetailed Quotes

SPHR Sphere Entertainment

Watchlist
  • 27.250
  • -1.000-3.54%
Close Apr 30 16:00 ET
  • 27.250
  • 0.0000.00%
Post 16:22 ET
980.98MMarket Cap-3.00P/E (TTM)

Sphere Entertainment Key Stats

Earnings

Revenue Breakdown

Financial Indicators

Income Statement

Balance Sheet

Cash Flow

Quarterly+Annual
YOY yoy
Hide blank lines yoy
(FY)Dec 31, 2024
(Q2)Dec 31, 2024
(Q1)Sep 30, 2024
(Q4)Jun 30, 2024
(Q3)Mar 31, 2024
(Q2)Dec 31, 2023
(Q1)Sep 30, 2023
(FY)Jun 30, 2023
(Q4)Jun 30, 2023
(Q3)Mar 31, 2023
Assets
Current assets
Cash, cash equivalents and short term investments
280.37%501.95M
-16.10%515.63M
24.48%539.63M
324.17%559.76M
212.80%680.58M
42.20%614.55M
-1.78%433.51M
-82.34%131.97M
-82.34%131.97M
-78.22%217.58M
-Cash and cash equivalents
280.37%501.95M
-16.10%515.63M
24.48%539.63M
324.17%559.76M
212.80%680.58M
42.20%614.55M
-1.78%433.51M
-82.34%131.97M
-82.34%131.97M
-78.22%217.58M
Receivables
12.66%180.45M
-16.14%180.35M
-31.29%126.75M
50.76%241.47M
-23.79%200.49M
-12.50%215.06M
-25.92%184.47M
26.76%160.17M
26.76%160.17M
-15.05%263.08M
-Accounts receivable
37.68%154.62M
-14.08%154.62M
0.35%114.65M
103.22%228.23M
-16.67%178.7M
-13.67%179.96M
-43.53%114.25M
-8.93%112.31M
-8.93%112.31M
-14.51%214.44M
-Notes receivable
-99.57%92K
----
----
-81.98%3.87M
-44.90%8.59M
506.48%11.05M
189.89%28.44M
792.39%21.45M
792.39%21.45M
--15.59M
-Related party accounts receivable
-2.56%25.73M
6.99%25.73M
-71.03%12.1M
-64.49%9.38M
-46.64%13.2M
-32.31%24.05M
13.23%41.78M
4,124.80%26.41M
4,124.80%26.41M
-57.97%24.73M
-Other receivables
----
----
----
----
----
----
----
----
----
--8.32M
Inventory
--12.58M
----
492.13%14.14M
--11.89M
--1.68M
-93.73%894K
-83.40%2.39M
--0
--0
----
Prepaid assets
38.10%32.38M
----
42.52%26.81M
31.62%30.86M
-84.44%12.61M
-73.31%21.2M
-80.24%18.81M
54.71%23.45M
54.71%23.45M
0.15%81.08M
Restricted cash
-95.40%13.68M
----
-25.49%13.59M
-95.46%13.48M
-87.81%13.37M
-89.08%13.28M
3.94%18.24M
2,185.94%297.15M
2,185.94%297.15M
405.62%109.67M
Current deferred assets
----
----
----
----
-63.63%1.91M
--9.77M
--11.62M
----
----
--5.24M
Other current assets
78.39%19.95M
1,569.84%65.01M
203.33%15.14M
-26.38%8.23M
-50.13%5.42M
-83.02%3.89M
-78.71%4.99M
90.36%11.18M
90.36%11.18M
-76.75%10.87M
Total current assets
21.97%760.99M
-13.39%760.99M
9.20%736.05M
38.75%865.7M
-23.03%916.06M
-4.09%878.65M
-19.85%674.02M
-48.80%623.91M
-48.80%623.91M
-18.38%1.19B
Non current assets
Net PPE
-7.74%3.13B
-7.26%3.13B
-10.26%3.2B
-3.75%3.26B
-17.38%3.33B
-15.82%3.37B
-3.35%3.56B
52.54%3.39B
52.54%3.39B
27.14%4.03B
-Gross PPE
4.09%3.62B
-11.96%3.13B
-1.51%3.61B
3.39%3.6B
-28.33%3.59B
-29.15%3.55B
-21.76%3.66B
52.15%3.48B
52.15%3.48B
21.23%5.01B
-Accumulated depreciation
-460.96%-492.68M
----
-306.62%-411.24M
-279.16%-333.01M
73.48%-259.23M
82.12%-180.27M
89.85%-101.14M
-38.34%-87.83M
-38.34%-87.83M
-1.73%-977.38M
Goodwill and other intangible assets
-7.62%438.56M
-7.31%438.56M
5.56%500.29M
5.77%502.09M
-18.74%472.38M
-34.04%473.16M
-34.37%473.94M
-0.65%474.72M
-0.65%474.72M
-21.56%581.31M
-Goodwill
-10.21%410.17M
-10.21%410.17M
2.92%470.15M
2.92%470.15M
-8.42%456.81M
-8.67%456.81M
-8.67%456.81M
0.00%456.81M
0.00%456.81M
-0.27%498.82M
-Other intangible assets
58.48%28.38M
73.56%28.38M
75.94%30.14M
78.34%31.94M
-81.12%15.57M
-92.47%16.35M
-92.28%17.13M
-14.82%17.91M
-14.82%17.91M
-65.75%82.49M
Investments and advances
-89.79%40.4M
38.51%40.4M
-45.09%27.89M
-92.23%30.73M
--27.46M
--29.17M
--50.79M
881.73%395.61M
881.73%395.61M
----
Long-term notes receivables
----
----
----
----
--21.34M
--21.74M
----
----
----
----
Related parties assets
-2.56%25.73M
6.99%25.73M
-71.03%12.1M
-64.49%9.38M
-46.64%13.2M
-32.31%24.05M
13.23%41.78M
4,124.80%26.41M
4,124.80%26.41M
-57.97%24.73M
Other non current assets
68.05%145.71M
37.41%145.71M
26.72%132.76M
43.58%124.49M
-58.90%102.02M
-48.87%106.04M
-41.29%104.77M
-94.45%86.71M
-94.45%86.71M
48.81%248.25M
Total non current assets
-13.68%3.75B
-6.25%3.75B
-7.97%3.86B
-9.82%3.92B
-18.66%3.95B
-18.83%4B
-8.60%4.19B
1.06%4.35B
1.06%4.35B
17.88%4.86B
Total assets
-9.20%4.52B
-7.54%4.52B
-5.59%4.59B
-3.72%4.79B
-19.52%4.87B
-16.52%4.88B
-10.35%4.86B
-9.94%4.97B
-9.94%4.97B
8.41%6.05B
Liabilities
Current liabilities
Payables
-10.33%152.19M
263.93%431.48M
5.36%124.39M
-41.28%99.65M
-79.67%142.29M
-7.32%118.56M
11.12%118.07M
7,890.16%169.71M
7,890.16%169.71M
328.78%699.77M
-accounts payable
-15.25%33.61M
1,405.34%421.98M
83.49%35.45M
-52.40%18.88M
-89.47%73.67M
-39.37%28.03M
-54.53%19.32M
1,868.92%39.65M
1,868.92%39.65M
1,632.96%699.77M
-Due to related parties current
-8.82%118.58M
-89.50%9.5M
-9.93%88.94M
-37.89%80.78M
--68.62M
10.81%90.53M
54.87%98.75M
118,133.64%130.06M
118,133.64%130.06M
----
Current accrued expenses
-30.60%279.29M
----
-23.70%257.66M
-19.09%325.64M
--292.08M
-34.98%296.75M
2.94%337.71M
46.59%402.47M
46.59%402.47M
----
Current debt and capital lease obligation
815.92%848.39M
-6.24%848.39M
631.19%849.85M
837.08%867.99M
512.78%887.52M
431.40%904.84M
-22.02%116.23M
27.67%92.63M
27.67%92.63M
8.90%144.84M
-Current debt
905.00%829.13M
-6.85%829.13M
703.97%829.09M
929.62%849.44M
780.79%869.78M
768.40%890.11M
19.68%103.13M
25.00%82.5M
25.00%82.5M
49.65%98.75M
-Current capital lease obligation
90.26%19.27M
30.83%19.27M
58.45%20.76M
83.15%18.55M
-61.49%17.75M
-78.27%14.73M
-79.16%13.1M
54.54%10.13M
54.54%10.13M
-31.23%46.09M
Current deferred liabilities
235.79%91.79M
17.11%91.79M
17.79%83.52M
194.12%80.4M
-71.12%76.71M
-62.65%78.38M
-72.06%70.9M
532.80%27.34M
532.80%27.34M
0.80%265.61M
Other current liabilities
----
----
----
----
----
----
----
----
----
--289.82M
Current liabilities
98.18%1.37B
-1.92%1.37B
104.60%1.32B
98.47%1.37B
-0.10%1.4B
45.00%1.4B
-30.13%642.92M
-27.98%692.14M
-27.98%692.14M
45.09%1.4B
Non current liabilities
Long term debt and capital lease obligation
-47.85%640.68M
1.58%640.68M
-46.42%648.23M
-47.03%650.76M
-69.29%652.48M
-73.33%630.71M
-42.22%1.21B
21.17%1.23B
21.17%1.23B
4.94%2.12B
-Long term debt
-53.15%524.01M
0.50%524.01M
-52.34%523.42M
-53.26%522.74M
-70.70%522.06M
-72.34%521.41M
-33.54%1.1B
20.32%1.12B
20.32%1.12B
12.48%1.78B
-Long term capital lease obligation
5.81%116.67M
6.74%116.67M
11.84%124.81M
16.11%128.02M
-61.94%130.42M
-77.23%109.3M
-74.73%111.59M
30.61%110.26M
30.61%110.26M
-22.19%342.63M
Non current deferred liabilities
-60.78%148.87M
-45.36%148.87M
-32.63%192.59M
-40.68%225.17M
21.58%255M
64.65%272.45M
76.99%285.85M
162.86%379.55M
162.86%379.55M
13.08%209.74M
Other non current liabilities
71.90%152.67M
31.12%152.67M
35.73%122.26M
38.20%122.74M
-16.42%119.13M
-19.89%116.44M
-38.23%90.07M
-2.91%88.81M
-2.91%88.81M
85.70%142.53M
Total non current liabilities
-44.48%942.21M
-7.59%942.21M
-39.27%963.07M
-41.15%998.66M
-58.55%1.03B
-61.90%1.02B
-33.96%1.59B
-29.33%1.7B
-29.33%1.7B
5.12%2.48B
Total liabilities
-3.15%2.31B
-4.31%2.31B
2.23%2.28B
-0.70%2.37B
-37.44%2.43B
-33.58%2.42B
-32.90%2.23B
-28.95%2.39B
-28.95%2.39B
16.73%3.88B
Shareholders'equity
Share capital
3.46%359K
1.99%359K
1.99%358K
2.02%354K
2.02%353K
1.73%352K
2.63%351K
1.46%347K
1.46%347K
1.17%346K
-common stock
3.46%359K
1.99%359K
1.99%358K
2.02%354K
2.02%353K
1.73%352K
2.63%351K
1.46%347K
1.46%347K
1.17%346K
Retained earnings
-203.68%-219.85M
-308.95%-219.85M
-133.72%-93.9M
-94.63%11.39M
117.85%57.97M
139.27%105.21M
183.00%278.46M
172.93%212.04M
172.93%212.04M
-70.21%-324.76M
Paid-in capital
2.19%2.43B
2.64%2.43B
1.85%2.41B
1.43%2.41B
0.04%2.39B
1.89%2.37B
2.82%2.37B
3.23%2.38B
3.23%2.38B
2.45%2.39B
Gains losses not affecting retained earnings
-52.05%-7.51M
-18.91%-7.51M
63.06%-4.06M
-32.99%-6.57M
84.98%-6.97M
87.00%-6.31M
81.99%-10.98M
89.79%-4.94M
89.79%-4.94M
-25.48%-46.44M
Total stockholders'equity
-14.80%2.2B
-10.70%2.2B
-12.21%2.31B
-6.51%2.42B
20.94%2.44B
22.90%2.47B
38.22%2.64B
31.61%2.58B
31.61%2.58B
-4.09%2.02B
Noncontrolling interests
----
----
----
----
--0
--0
----
----
----
-0.23%152.24M
Total equity
-14.80%2.2B
-10.70%2.2B
-12.21%2.31B
-6.51%2.42B
12.46%2.44B
11.59%2.47B
25.25%2.64B
19.65%2.58B
19.65%2.58B
-3.83%2.17B
Currency Unit
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
Accounting Standards
US-GAAP
US-GAAP
US-GAAP
US-GAAP
US-GAAP
US-GAAP
US-GAAP
US-GAAP
US-GAAP
US-GAAP
Audit Opinions
--
--
--
--
--
--
--
Unqualified Opinion
--
--
(FY)Dec 31, 2024(Q2)Dec 31, 2024(Q1)Sep 30, 2024(Q4)Jun 30, 2024(Q3)Mar 31, 2024(Q2)Dec 31, 2023(Q1)Sep 30, 2023(FY)Jun 30, 2023(Q4)Jun 30, 2023(Q3)Mar 31, 2023
Assets
Current assets
Cash, cash equivalents and short term investments 280.37%501.95M-16.10%515.63M24.48%539.63M324.17%559.76M212.80%680.58M42.20%614.55M-1.78%433.51M-82.34%131.97M-82.34%131.97M-78.22%217.58M
-Cash and cash equivalents 280.37%501.95M-16.10%515.63M24.48%539.63M324.17%559.76M212.80%680.58M42.20%614.55M-1.78%433.51M-82.34%131.97M-82.34%131.97M-78.22%217.58M
Receivables 12.66%180.45M-16.14%180.35M-31.29%126.75M50.76%241.47M-23.79%200.49M-12.50%215.06M-25.92%184.47M26.76%160.17M26.76%160.17M-15.05%263.08M
-Accounts receivable 37.68%154.62M-14.08%154.62M0.35%114.65M103.22%228.23M-16.67%178.7M-13.67%179.96M-43.53%114.25M-8.93%112.31M-8.93%112.31M-14.51%214.44M
-Notes receivable -99.57%92K---------81.98%3.87M-44.90%8.59M506.48%11.05M189.89%28.44M792.39%21.45M792.39%21.45M--15.59M
-Related party accounts receivable -2.56%25.73M6.99%25.73M-71.03%12.1M-64.49%9.38M-46.64%13.2M-32.31%24.05M13.23%41.78M4,124.80%26.41M4,124.80%26.41M-57.97%24.73M
-Other receivables --------------------------------------8.32M
Inventory --12.58M----492.13%14.14M--11.89M--1.68M-93.73%894K-83.40%2.39M--0--0----
Prepaid assets 38.10%32.38M----42.52%26.81M31.62%30.86M-84.44%12.61M-73.31%21.2M-80.24%18.81M54.71%23.45M54.71%23.45M0.15%81.08M
Restricted cash -95.40%13.68M-----25.49%13.59M-95.46%13.48M-87.81%13.37M-89.08%13.28M3.94%18.24M2,185.94%297.15M2,185.94%297.15M405.62%109.67M
Current deferred assets -----------------63.63%1.91M--9.77M--11.62M----------5.24M
Other current assets 78.39%19.95M1,569.84%65.01M203.33%15.14M-26.38%8.23M-50.13%5.42M-83.02%3.89M-78.71%4.99M90.36%11.18M90.36%11.18M-76.75%10.87M
Total current assets 21.97%760.99M-13.39%760.99M9.20%736.05M38.75%865.7M-23.03%916.06M-4.09%878.65M-19.85%674.02M-48.80%623.91M-48.80%623.91M-18.38%1.19B
Non current assets
Net PPE -7.74%3.13B-7.26%3.13B-10.26%3.2B-3.75%3.26B-17.38%3.33B-15.82%3.37B-3.35%3.56B52.54%3.39B52.54%3.39B27.14%4.03B
-Gross PPE 4.09%3.62B-11.96%3.13B-1.51%3.61B3.39%3.6B-28.33%3.59B-29.15%3.55B-21.76%3.66B52.15%3.48B52.15%3.48B21.23%5.01B
-Accumulated depreciation -460.96%-492.68M-----306.62%-411.24M-279.16%-333.01M73.48%-259.23M82.12%-180.27M89.85%-101.14M-38.34%-87.83M-38.34%-87.83M-1.73%-977.38M
Goodwill and other intangible assets -7.62%438.56M-7.31%438.56M5.56%500.29M5.77%502.09M-18.74%472.38M-34.04%473.16M-34.37%473.94M-0.65%474.72M-0.65%474.72M-21.56%581.31M
-Goodwill -10.21%410.17M-10.21%410.17M2.92%470.15M2.92%470.15M-8.42%456.81M-8.67%456.81M-8.67%456.81M0.00%456.81M0.00%456.81M-0.27%498.82M
-Other intangible assets 58.48%28.38M73.56%28.38M75.94%30.14M78.34%31.94M-81.12%15.57M-92.47%16.35M-92.28%17.13M-14.82%17.91M-14.82%17.91M-65.75%82.49M
Investments and advances -89.79%40.4M38.51%40.4M-45.09%27.89M-92.23%30.73M--27.46M--29.17M--50.79M881.73%395.61M881.73%395.61M----
Long-term notes receivables ------------------21.34M--21.74M----------------
Related parties assets -2.56%25.73M6.99%25.73M-71.03%12.1M-64.49%9.38M-46.64%13.2M-32.31%24.05M13.23%41.78M4,124.80%26.41M4,124.80%26.41M-57.97%24.73M
Other non current assets 68.05%145.71M37.41%145.71M26.72%132.76M43.58%124.49M-58.90%102.02M-48.87%106.04M-41.29%104.77M-94.45%86.71M-94.45%86.71M48.81%248.25M
Total non current assets -13.68%3.75B-6.25%3.75B-7.97%3.86B-9.82%3.92B-18.66%3.95B-18.83%4B-8.60%4.19B1.06%4.35B1.06%4.35B17.88%4.86B
Total assets -9.20%4.52B-7.54%4.52B-5.59%4.59B-3.72%4.79B-19.52%4.87B-16.52%4.88B-10.35%4.86B-9.94%4.97B-9.94%4.97B8.41%6.05B
Liabilities
Current liabilities
Payables -10.33%152.19M263.93%431.48M5.36%124.39M-41.28%99.65M-79.67%142.29M-7.32%118.56M11.12%118.07M7,890.16%169.71M7,890.16%169.71M328.78%699.77M
-accounts payable -15.25%33.61M1,405.34%421.98M83.49%35.45M-52.40%18.88M-89.47%73.67M-39.37%28.03M-54.53%19.32M1,868.92%39.65M1,868.92%39.65M1,632.96%699.77M
-Due to related parties current -8.82%118.58M-89.50%9.5M-9.93%88.94M-37.89%80.78M--68.62M10.81%90.53M54.87%98.75M118,133.64%130.06M118,133.64%130.06M----
Current accrued expenses -30.60%279.29M-----23.70%257.66M-19.09%325.64M--292.08M-34.98%296.75M2.94%337.71M46.59%402.47M46.59%402.47M----
Current debt and capital lease obligation 815.92%848.39M-6.24%848.39M631.19%849.85M837.08%867.99M512.78%887.52M431.40%904.84M-22.02%116.23M27.67%92.63M27.67%92.63M8.90%144.84M
-Current debt 905.00%829.13M-6.85%829.13M703.97%829.09M929.62%849.44M780.79%869.78M768.40%890.11M19.68%103.13M25.00%82.5M25.00%82.5M49.65%98.75M
-Current capital lease obligation 90.26%19.27M30.83%19.27M58.45%20.76M83.15%18.55M-61.49%17.75M-78.27%14.73M-79.16%13.1M54.54%10.13M54.54%10.13M-31.23%46.09M
Current deferred liabilities 235.79%91.79M17.11%91.79M17.79%83.52M194.12%80.4M-71.12%76.71M-62.65%78.38M-72.06%70.9M532.80%27.34M532.80%27.34M0.80%265.61M
Other current liabilities --------------------------------------289.82M
Current liabilities 98.18%1.37B-1.92%1.37B104.60%1.32B98.47%1.37B-0.10%1.4B45.00%1.4B-30.13%642.92M-27.98%692.14M-27.98%692.14M45.09%1.4B
Non current liabilities
Long term debt and capital lease obligation -47.85%640.68M1.58%640.68M-46.42%648.23M-47.03%650.76M-69.29%652.48M-73.33%630.71M-42.22%1.21B21.17%1.23B21.17%1.23B4.94%2.12B
-Long term debt -53.15%524.01M0.50%524.01M-52.34%523.42M-53.26%522.74M-70.70%522.06M-72.34%521.41M-33.54%1.1B20.32%1.12B20.32%1.12B12.48%1.78B
-Long term capital lease obligation 5.81%116.67M6.74%116.67M11.84%124.81M16.11%128.02M-61.94%130.42M-77.23%109.3M-74.73%111.59M30.61%110.26M30.61%110.26M-22.19%342.63M
Non current deferred liabilities -60.78%148.87M-45.36%148.87M-32.63%192.59M-40.68%225.17M21.58%255M64.65%272.45M76.99%285.85M162.86%379.55M162.86%379.55M13.08%209.74M
Other non current liabilities 71.90%152.67M31.12%152.67M35.73%122.26M38.20%122.74M-16.42%119.13M-19.89%116.44M-38.23%90.07M-2.91%88.81M-2.91%88.81M85.70%142.53M
Total non current liabilities -44.48%942.21M-7.59%942.21M-39.27%963.07M-41.15%998.66M-58.55%1.03B-61.90%1.02B-33.96%1.59B-29.33%1.7B-29.33%1.7B5.12%2.48B
Total liabilities -3.15%2.31B-4.31%2.31B2.23%2.28B-0.70%2.37B-37.44%2.43B-33.58%2.42B-32.90%2.23B-28.95%2.39B-28.95%2.39B16.73%3.88B
Shareholders'equity
Share capital 3.46%359K1.99%359K1.99%358K2.02%354K2.02%353K1.73%352K2.63%351K1.46%347K1.46%347K1.17%346K
-common stock 3.46%359K1.99%359K1.99%358K2.02%354K2.02%353K1.73%352K2.63%351K1.46%347K1.46%347K1.17%346K
Retained earnings -203.68%-219.85M-308.95%-219.85M-133.72%-93.9M-94.63%11.39M117.85%57.97M139.27%105.21M183.00%278.46M172.93%212.04M172.93%212.04M-70.21%-324.76M
Paid-in capital 2.19%2.43B2.64%2.43B1.85%2.41B1.43%2.41B0.04%2.39B1.89%2.37B2.82%2.37B3.23%2.38B3.23%2.38B2.45%2.39B
Gains losses not affecting retained earnings -52.05%-7.51M-18.91%-7.51M63.06%-4.06M-32.99%-6.57M84.98%-6.97M87.00%-6.31M81.99%-10.98M89.79%-4.94M89.79%-4.94M-25.48%-46.44M
Total stockholders'equity -14.80%2.2B-10.70%2.2B-12.21%2.31B-6.51%2.42B20.94%2.44B22.90%2.47B38.22%2.64B31.61%2.58B31.61%2.58B-4.09%2.02B
Noncontrolling interests ------------------0--0-------------0.23%152.24M
Total equity -14.80%2.2B-10.70%2.2B-12.21%2.31B-6.51%2.42B12.46%2.44B11.59%2.47B25.25%2.64B19.65%2.58B19.65%2.58B-3.83%2.17B
Currency Unit USDUSDUSDUSDUSDUSDUSDUSDUSDUSD
Accounting Standards US-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAP
Audit Opinions --------------Unqualified Opinion----

Market Insights

Best Growth Stocks Best Growth Stocks

Spot stocks with huge growth potential and solid financial standing. Spot stocks with huge growth potential and solid financial standing.

No. Symbol Price
eBay
EBAY
68.160
Halozyme Therapeutics
HALO
61.420
Constellation Brands
STZ
187.540
4
Workday
WDAY
245.000
5
Lantheus
LNTH
104.340
Log In for the Full List
Unlock Now

Investment Course

Top 5 Industries for Stock Trading under Trump's Second Term
Stocks & Industries to Watch Under Trump's Second Presidency
With mooomoo, find out which stocks and industries may benefit from Trump's second presidency, based on his first administration's track record.

Discussing

FOMC holds rates amid heightened uncertainty: Where will US stocks head next?
🎙️Discussion 1. With the Fed highlighting "elevated uncertainty", are you prioritizing rate projections or near-term economic data for ma Show More
FOMC Press Conference, March 19, 2025

Monetary Policy: Navigating the Fed's Rate Cut Cycle

Changing Fed policy is altering the market math for investors.