@HollywoodP pulled up the info for you.
This is going to likely be a long post based on the info I'm copying.
So i pull up tradingview and look at the Financials. I asked chatgpt to break it down. Cuz they more smarter than my ass is.
This chart from TradingView shows TKO Group Holdings’ debt and liquidity levels over recent quarters. Let me break it down for you:
Debt (pink bars)
The pink bars represent the company’s total debt (loans, bonds, or other borrowings).
TKO’s debt has been steady around $3.2 billion from Q2 2024 through Q2 2025.
This means the company owes that much money to lenders/creditors.
Free Cash Flow (teal bars)
Free cash flow is the money left after paying for operations and investments.
Positive free cash flow means they’re generating cash that could be used to pay down debt, reinvest, or return to shareholders.
TKO’s free cash flow looks relatively small compared to its debt—meaning they aren’t generating enough cash each quarter to quickly pay it down.
Cash & Equivalents (blue bars)
Cash & equivalents are liquid assets (cash on hand, short-term investments).
TKO’s cash levels are much lower than its total debt, though they appear to be gradually increasing.
This means the company has some cushion to cover expenses or part of the debt, but not nearly enough to wipe it all out at once.
---

What it means for TKO:
They’re carrying about $3.2 billion in debt consistently.
Their cash and free cash flow are much smaller in comparison.
This isn’t unusual for large companies, but it does mean they rely on steady earnings (like WWE/UFC revenues) to service the debt.

In short: TKO is highly leveraged (lots of debt), but as long as they keep generating stable revenue, they can manage it. If revenue dropped significantly, this level of debt could become risky.
So they do have that debt but can manage it for now. Not really a red flag for investors but any big change in revenue can def cause some damage. This seems common for large companies. Here's the one for Apple which is third behind Nvidia and Microsoft. Way more debt.