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Equity

TKO Group Holdings, Inc. (TKO) perpetual futures

TKO perpetual futures on 1 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade TKOUSDT.

TKO Group Holdings operates in sports and entertainment, creating live events, TV and video content distributed in ~170 countries, plus licensing merchandise and securing sponsorships and advertising.

$175.61-0.3%NYSE closed
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venue perp mark · Helix (Injective) (TKO/USDC)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

1/1 live markets
Venues
1
Live markets
1/1
24h volume
$4.1K
Open interest
-Coverage: 0/1 markets
Best liquidity
-
Tightest spread
-
Highest volume
$4.1K
Helix (Injective)
Settlement mix
USDC · 1/1
Perp/spot vol.
0.00x
Spot volume $186.7M
OI / float
-
Float $10.5B
Spot performance
1D-0.30%
5D-1.80%
1M-7.29%
6M-5.80%
YTD-16.03%
1Y-7.28%

Venue matrix

1 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
Helix (Injective)TradeTKO/USDCTrading$175.61+3.6% APR
+0.00042% every 1h
--$4.1K-USDC12x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

No sufficient depth · 0 of 1 venues absorb $10k

No fresh book data: Helix (Injective)

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

-
No live data-

Tightest spread

-
No live data-

Highest volume

TKO

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 1h ago
Market cap
$12.8B
Updated 1h ago
Revenue
$5.3B
Trailing 12 months
Revenue growth
+23%
Next fiscal year
Profit margin
+4.3%
P/E
58.1
Peer P/E 22.9
Free cash flow
$1.7B
Trailing 12 months
More metrics
Net income
$229.6M
Trailing 12 months
P/S
2.4
Peer P/E
22.9
Similar listed perps
Revenue estimate
$5.8B
Next fiscal year
Earnings
2026-11-04
Revenue est. $1.4B · Updated 1h ago
Dividend
$0.79
2026-09-15

Fundamental detail

Annual + quarterly
Latest revenue$4.7B
Net margin+4.1%
Free cash flow$1.2B
Net debt$3.2B
2020$974.2M
2021$1.1B
2022$1.1B
2023$1.7B
2024$2.8B
2025$4.7B
PeriodRevenueGrowthNet incomeFCF
2020$974.2M+1%$131.8M$329.6M
2021$1.1B+12%$177.4M$430.1M
2022$1.1B+4%$387.3M$489.3M
2023$1.7B+47%-$35.2M$172.4M
2024$2.8B+67%$9.4M$467.3M
2025$4.7B+69%$195.4M$1.2B
PeriodGross marginOperating marginNet marginROEROA
2020+39.2%+21.4%+13.5%+34.3%+10.0%
2021+40.7%+23.4%+16.2%+14.2%+4.1%
2022+66.2%+47.8%+34.0%+68.1%+10.8%
2023+59.4%+35.0%-2.1%-0.9%-0.3%
2024+53.9%+27.6%+0.3%+0.2%+0.1%
2025+49.6%+20.3%+4.1%+5.2%+1.3%
PeriodCashDebtNet debtCurrent ratio
2020$462.1M$720M$257.9M1.46
2021$874.7M$2.9B$2B5.06
2022$180.6M$2.8B$2.6B1.17
2023$235.8M$3B$2.8B1.04
2024$525.6M$3B$2.5B1.30
2025$831.1M$4.1B$3.2B1.26
PeriodMarket capEnterprise valueP/SP/E
2020$4B$4.3B4.122.6
2021$4.1B$6.1B3.721.3
2022$5.7B$8.3B5.014.7
2023$6.8B$9.5B4.0-189.7
2024$11.6B$14.1B4.11,184.3
2025$16.9B$20.1B3.686.4
Q3 2024$1.5B
Q4 2024$642.2M
Q1 2025$1.3B
Q2 2025$1.3B
Q3 2025$1.1B
Q4 2025$1B
Q1 2026$1.6B
Q2 2026$1.5B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$1.5B+243%$23.1M$151M
Q4 2024$642.2M+5%$31M$36.5M
Q1 2025$1.3B+4%$58.4M$135.5M
Q2 2025$1.3B+10%$98.4M$374.9M
Q3 2025$1.1B-27%$41M$398.9M
Q4 2025$1B+62%-$2.4M$249.4M
Q1 2026$1.6B+26%$89.4M$674.6M
Q2 2026$1.5B+18%$101.6M$349.4M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+34.3%+2.2%+1.5%+0.6%+0.2%
Q4 2024+50.8%+16.4%+4.8%+0.8%+0.2%
Q1 2025+47.3%+22.5%+4.6%+1.4%+0.4%
Q2 2025+56.0%+29.5%+7.5%+2.3%+0.6%
Q3 2025+49.2%+17.6%+3.7%+1.1%+0.3%
Q4 2025+44.6%+8.9%-0.2%-0.1%0.0%
Q1 2026+54.0%+21.2%+5.6%+2.6%+0.6%
Q2 2026+64.1%+27.8%+6.6%+3.0%+0.6%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$457.4M$3B$2.5B1.17
Q4 2024$525.6M$3B$2.5B1.30
Q1 2025$470.9M$3.1B$2.6B1.25
Q2 2025$535.1M$3.1B$2.5B1.30
Q3 2025$861.4M$4B$3.2B1.46
Q4 2025$831.1M$4.1B$3.2B1.26
Q1 2026$1.7B$5B$3.2B1.28
Q2 2026$1.6B$5B$3.4B1.22
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$10B$12.5B6.543.6
Q4 2024$11.6B$14.1B18.093.5
Q1 2025$12.5B$15.1B9.850.9
Q2 2025$14.9B$17.4B11.437.9
Q3 2025$16.5B$19.6B14.795.3
Q4 2025$16.4B$19.6B15.8-1,724.4
Q1 2026$15.6B$18.8B9.843.5
Q2 2026$15.1B$18.5B9.737.0

Refreshed 1h ago

Charts: revenue, profit, cash flow & valuation
Revenue$1.5BQ2 2026
$399.2M$798.4M$1.2B$1.6BQ3 2023: $449.1MQ4 2023: $614MQ1 2024: $1.2BQ2 2024: $1.2BQ3 2024: $1.5BQ4 2024: $642.2MQ1 2025: $1.3BQ2 2025: $1.3BQ3 2025: $1.1BQ4 2025: $1BQ1 2026: $1.6BQ2 2026: $1.5BQ3 2023Q2 2026
Net income$101.6MQ2 2026
-$52.5M-$1.1M$50.2M$101.6MQ3 2023: -$21.9MQ4 2023: -$13.3MQ1 2024: -$103.8MQ2 2024: $59.1MQ3 2024: $23.1MQ4 2024: $31MQ1 2025: $58.4MQ2 2025: $98.4MQ3 2025: $41MQ4 2025: -$2.4MQ1 2026: $89.4MQ2 2026: $101.6MQ3 2023Q2 2026
EBITDA$532.9MQ2 2026
$94.6M$240.7M$386.8M$532.9MQ3 2023: $130.1MQ4 2023: $153.3MQ1 2024: -$51.5MQ2 2024: $241MQ3 2024: $188.2MQ4 2024: $164.1MQ1 2025: $329.5MQ2 2025: $467.3MQ3 2025: $306.9MQ4 2025: $214.3MQ1 2026: $493.2MQ2 2026: $532.9MQ3 2023Q2 2026
Free cash flow$349.4MQ2 2026
$168.6M$337.3M$505.9M$674.6MQ3 2023: $63.6MQ4 2023: $184.7MQ1 2024: $7.5MQ2 2024: $280.3MQ3 2024: $151MQ4 2024: $36.5MQ1 2025: $135.5MQ2 2025: $374.9MQ3 2025: $398.9MQ4 2025: $249.4MQ1 2026: $674.6MQ2 2026: $349.4MQ3 2023Q2 2026
EPS$1.34Q2 2026
-$0.61$0.04$0.69$1.34Q3 2023: -$0.26Q4 2023: -$0.16Q1 2024: -$1.26Q2 2024: $0.72Q3 2024: $0.28Q4 2024: $0.18Q1 2025: $0.69Q2 2025: $1.17Q3 2025: $0.47Q4 2025: -$0.03Q1 2026: $1.12Q2 2026: $1.34Q3 2023Q2 2026
Cash / Debt$1.6BQ2 2026
$1.2B$2.5B$3.7B$5BQ3 2023 · Cash: $188.6MQ3 2023 · Debt: $3BQ4 2023 · Cash: $235.8MQ4 2023 · Debt: $3BQ1 2024 · Cash: $245.8MQ1 2024 · Debt: $3BQ2 2024 · Cash: $277.5MQ2 2024 · Debt: $3BQ3 2024 · Cash: $457.4MQ3 2024 · Debt: $3BQ4 2024 · Cash: $525.6MQ4 2024 · Debt: $3BQ1 2025 · Cash: $470.9MQ1 2025 · Debt: $3.1BQ2 2025 · Cash: $535.1MQ2 2025 · Debt: $3.1BQ3 2025 · Cash: $861.4MQ3 2025 · Debt: $4BQ4 2025 · Cash: $831.1MQ4 2025 · Debt: $4.1BQ1 2026 · Cash: $1.7BQ1 2026 · Debt: $5BQ2 2026 · Cash: $1.6BQ2 2026 · Debt: $5BQ3 2023Q2 2026
CashDebt
Profitability+64.1%Q2 2026
+9.6%+27.8%+45.9%+64.1%Q3 2023 · Gross margin: +63.9%Q4 2023 · Gross margin: +48.7%Q1 2024 · Gross margin: +40.5%Q2 2024 · Gross margin: +40.5%Q3 2024 · Gross margin: +34.3%Q4 2024 · Gross margin: +50.8%Q1 2025 · Gross margin: +47.3%Q2 2025 · Gross margin: +56.0%Q3 2025 · Gross margin: +49.2%Q4 2025 · Gross margin: +44.6%Q1 2026 · Gross margin: +54.0%Q2 2026 · Gross margin: +64.1%Q3 2023 · Operating margin: +20.9%Q4 2023 · Operating margin: +16.0%Q1 2024 · Operating margin: +14.9%Q2 2024 · Operating margin: +10.6%Q3 2024 · Operating margin: +2.2%Q4 2024 · Operating margin: +16.4%Q1 2025 · Operating margin: +22.5%Q2 2025 · Operating margin: +29.5%Q3 2025 · Operating margin: +17.6%Q4 2025 · Operating margin: +8.9%Q1 2026 · Operating margin: +21.2%Q2 2026 · Operating margin: +27.8%Q3 2023 · Net margin: -4.9%Q4 2023 · Net margin: -2.2%Q1 2024 · Net margin: -8.5%Q2 2024 · Net margin: +5.0%Q3 2024 · Net margin: +1.5%Q4 2024 · Net margin: +4.8%Q1 2025 · Net margin: +4.6%Q2 2025 · Net margin: +7.5%Q3 2025 · Net margin: +3.7%Q4 2025 · Net margin: -0.2%Q1 2026 · Net margin: +5.6%Q2 2026 · Net margin: +6.6%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+18.2%Q2 2026
+40.3%+107.9%+175.5%+243.1%Q3 2024: +243.1%Q4 2024: +4.6%Q1 2025: +3.8%Q2 2025: +9.7%Q3 2025: -27.3%Q4 2025: +61.6%Q1 2026: +25.9%Q2 2026: +18.2%Q3 2023Q2 2026
Shares outstanding194.6MQ2 2026
49.8M99.6M149.5M199.3MQ3 2023: 83.2MQ4 2023: 82.7MQ1 2024: 82.4MQ2 2024: 81.9MQ3 2024: 171.6MQ4 2024: 172MQ1 2025: 181.5MQ2 2025: 199.3MQ3 2025: 199.1MQ4 2025: 194.6MQ1 2026: 194.6MQ2 2026: 194.6MQ3 2023Q2 2026
Valuation37.0Q2 2026
-1,269.5-814.6-359.795.3Q3 2023 · P/E: -80.8Q4 2023 · P/E: -127.5Q1 2024 · P/E: -17.1Q2 2024 · P/E: 36.8Q3 2024 · P/E: 43.6Q4 2024 · P/E: 93.5Q1 2025 · P/E: 50.9Q2 2025 · P/E: 37.9Q3 2025 · P/E: 95.3Q4 2025 · P/E: -1,724.4Q1 2026 · P/E: 43.5Q2 2026 · P/E: 37.0Q3 2023 · P/S: 15.6Q4 2023 · P/S: 11.0Q1 2024 · P/S: 5.8Q2 2024 · P/S: 7.3Q3 2024 · P/S: 6.5Q4 2024 · P/S: 18.0Q1 2025 · P/S: 9.8Q2 2025 · P/S: 11.4Q3 2025 · P/S: 14.7Q4 2025 · P/S: 15.8Q1 2026 · P/S: 9.8Q2 2026 · P/S: 9.7Q3 2023Q2 2026
P/EP/S
Revenue$4.7B2025
$1.2B$2.4B$3.6B$4.7B2018: $930.2M2019: $960.4M2020: $974.2M2021: $1.1B2022: $1.1B2023: $1.7B2024: $2.8B2025: $4.7B20182025
Net income$195.4M2025
$70.4M$176M$281.6M$387.3M2018: $99.6M2019: $77.1M2020: $131.8M2021: $177.4M2022: $387.3M2023: -$35.2M2024: $9.4M2025: $195.4M20182025
EBITDA$1.3B2025
$326.9M$653.9M$980.8M$1.3B2018: $191.6M2019: $204.1M2020: $312.3M2021: $319.3M2022: $603.1M2023: $695.5M2024: $768.9M2025: $1.3B20182025
Free cash flow$1.2B2025
$289.7M$579.4M$869.1M$1.2B2018: $154.4M2019: $51.9M2020: $329.6M2021: $430.1M2022: $489.3M2023: $172.4M2024: $467.3M2025: $1.2B20182025
EPS$2.262025
$0.84$2.11$3.39$4.662018: $1.122019: $0.852020: $2.132021: $2.092022: $4.662023: -$0.432024: $0.052025: $2.2620182025
Cash / Debt$831.1M2025
$1B$2B$3B$4.1B2018 · Cash: $167.5M2018 · Debt: $213.9M2019 · Cash: $90.4M2019 · Debt: $578.9M2020 · Cash: $462.1M2020 · Debt: $720M2021 · Cash: $874.7M2021 · Debt: $2.9B2022 · Cash: $180.6M2022 · Debt: $2.8B2023 · Cash: $235.8M2023 · Debt: $3B2024 · Cash: $525.6M2024 · Debt: $3B2025 · Cash: $831.1M2025 · Debt: $4.1B20182025
CashDebt
Profitability+49.6%2025
+15.0%+32.0%+49.1%+66.2%2018 · Gross margin: +31.8%2019 · Gross margin: +30.0%2020 · Gross margin: +39.2%2021 · Gross margin: +40.7%2022 · Gross margin: +66.2%2023 · Gross margin: +59.4%2024 · Gross margin: +53.9%2025 · Gross margin: +49.6%2018 · Operating margin: +12.3%2019 · Operating margin: +12.1%2020 · Operating margin: +21.4%2021 · Operating margin: +23.4%2022 · Operating margin: +47.8%2023 · Operating margin: +35.0%2024 · Operating margin: +27.6%2025 · Operating margin: +20.3%2018 · Net margin: +10.7%2019 · Net margin: +8.0%2020 · Net margin: +13.5%2021 · Net margin: +16.2%2022 · Net margin: +34.0%2023 · Net margin: -2.1%2024 · Net margin: +0.3%2025 · Net margin: +4.1%20182025
Gross marginOperating marginNet margin
Revenue growth+68.9%2025
+17.2%+34.4%+51.6%+68.9%2019: +3.3%2020: +1.4%2021: +12.4%2022: +4.1%2023: +46.9%2024: +67.4%2025: +68.9%20182025
Shares outstanding194M2025
48.5M97M145.5M194M2018: 88.6M2019: 90.2M2020: 83.2M2021: 83.2M2022: 83.2M2023: 82.8M2024: 171.9M2025: 194M20182025
Valuation86.42025
153.8497.3840.81,184.32018 · P/E: 58.42019 · P/E: 65.52020 · P/E: 22.62021 · P/E: 21.32022 · P/E: 14.72023 · P/E: -189.72024 · P/E: 1,184.32025 · P/E: 86.42018 · P/S: 6.22019 · P/S: 5.32020 · P/S: 4.12021 · P/S: 3.72022 · P/S: 5.02023 · P/S: 4.02024 · P/S: 4.12025 · P/S: 3.620182025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-11-04
Revenue est. $1.4B · Updated 1h ago
Dividend
$0.79
2026-09-15

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20264.58$5.8B+23%7
FY 20275.46$5.9B+24%7
FY 20287.23$7.4B+57%6
FY 20297.68$6.8B+44%3
FY 20309.93$7.4B+56%2
Q1 20291.13$1.7B+9%2

Company events

6
2026-11-04EarningsActual - / Estimate 1.19-
2026-09-15Dividend$0.79-
2026-08-03EarningsActual 1.34 / Estimate 1.41Miss
2026-06-15Dividend$0.79-
2026-05-06EarningsActual 1.12 / Estimate 1.11Beat
2026-03-16Dividend$0.78-

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering TKO have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings90251
Analysts2229
Buy / hold / sell84 / 6 / 0220 / 31 / 0
Upgrades / downgrades / initiations3 / 3 / 16 / 7 / 14
Price targets hit / missed1 / 85 (1%)102 / 134 (43%)
Avg. return after a rating (TipRanks)-5.4%+10.1%
Best / worst call+1,565.5% / -32.3%+1,565.5% / -32.3%

After buy calls on this stock: median 21-day move +2.9% vs S&P 500 +3.0% (n = 224)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Eric HandlerRoth MKM100% hit rate on this stock · 13 targets measuredBuytarget $230Oct 15, 2026
  2. David KarnovskyJ.P. Morgan100% hit rate on this stock · 12 targets measuredBuytarget $222Aug 4, 2026
  3. David JoyceSeaport Global100% hit rate on this stock · 10 targets measuredBuytarget $214Oct 9, 2026

Latest ratings

DateAnalystCallTarget
Oct 16, 2026Joseph StauffSusquehannaBuyMaintained$224
Oct 16, 2026Sean DiffleyMorgan StanleyBuyReiterated$230
Oct 16, 2026Joseph StauffSusquehannaBuyMaintained$224
Oct 15, 2026Eric HandlerRoth MKMBuyMaintained$230
Oct 15, 2026Eric HandlerRoth MKMBuyMaintained$230
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$180$190$200$210$220$230$240Nov 25 · Buy 15 · Hold 3 · Sell 0Nov 25Dec 25 · Buy 17 · Hold 3 · Sell 0Jan 26 · Buy 17 · Hold 2 · Sell 0Jan 26Feb 26 · Buy 15 · Hold 2 · Sell 0Mar 26 · Buy 14 · Hold 3 · Sell 0Mar 26Apr 26 · Buy 14 · Hold 4 · Sell 0May 26 · Buy 15 · Hold 4 · Sell 0May 26Jun 26 · Buy 14 · Hold 4 · Sell 0Jul 26 · Buy 15 · Hold 3 · Sell 0Jul 26Aug 26 · Buy 14 · Hold 2 · Sell 0Sep 26 · Buy 14 · Hold 1 · Sell 0Sep 26Oct 26 · Buy 14 · Hold 1 · Sell 0Nov 25 · avg. target $223Dec 25 · avg. target $225Jan 26 · avg. target $227Feb 26 · avg. target $235Mar 26 · avg. target $236Apr 26 · avg. target $236May 26 · avg. target $233Jun 26 · avg. target $234Jul 26 · avg. target $231Aug 26 · avg. target $234Sep 26 · avg. target $234Oct 26 · avg. target $234Nov 25 · month-end close $194Dec 25 · month-end close $209Jan 26 · month-end close $203Feb 26 · month-end close $224Mar 26 · month-end close $202Apr 26 · month-end close $186May 26 · month-end close $205Jun 26 · month-end close $201Jul 26 · month-end close $182Aug 26 · month-end close $183Sep 26 · month-end close $180Oct 26 · month-end close $178

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data via FMP · computed Oct 17, 2026 · 90 ratings

Frequently asked questions

Where can I trade TKO perpetual futures?

TKO Group Holdings, Inc. (TKO) perpetual futures trade on 1 crypto venues, including Helix (Injective). PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade TKO around the clock?

Yes. Unlike the underlying stock, TKO perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on TKO perpetuals?

Right now the TKO perp funding rate is +3.6% annualized (venue median), ranging from +3.6% to +3.6% across 1 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the TKO perp price compare to the TKO Group Holdings, Inc. stock?

The venue-median TKO perp mark is $175.6 versus a reference stock price of $175.6, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a TKO perpetual future?

A TKO perpetual is a derivative that tracks the price of TKO Group Holdings, Inc. with no expiry date. It lets you take long or short exposure to TKO Group Holdings, Inc. on crypto venues, around the clock.

What is TKOUSDT perpetual?

TKOUSDT is the symbol most crypto exchanges use for the TKO Group Holdings, Inc. perpetual settled in USDT (Tether). It tracks the TKO share price through an index, trades 24/7 with leverage and never expires.

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