Super League Enterprise (SLE)
NASDAQ:SLE
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Super League Enterprise
(NASDAQ:SLE)
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Rating:50Neutral
Price Target:
$5.50
▲(746.15% Upside)
Action:Reiterated
Date:05/20/26
The score is held down primarily by weak financial performance (persistent losses and ongoing cash burn despite low current debt). Partially offsetting this are improving operational indicators and management’s profitability targets from the latest earnings call, plus moderately positive near-term technical momentum; valuation metrics provided offer limited support (P/E not meaningful and no dividend).
Positive Factors
Acquisition-driven ad tech expansion
The Misfits Ads deal adds programmatic and rewarded-video capabilities, proprietary monetization tools and materially expanded owned inventory (100M+ Roblox users). These assets create structural revenue diversity and recurring programmatic streams that can improve predictability and scale advertising sales over multiple quarters.
Negative Factors
Persistent cash burn
Operating and free cash flow remain negative across reported periods, meaning the business consumes cash despite pockets of margin improvement. Structural cash burn forces reliance on the current cash balance or external financing until sustained cash-based EBITDA profitability is achieved, raising medium-term solvency risk if improvements stall.
Read all positive and negative factors
Positive Factors
Negative Factors
Acquisition-driven ad tech expansion
The Misfits Ads deal adds programmatic and rewarded-video capabilities, proprietary monetization tools and materially expanded owned inventory (100M+ Roblox users). These assets create structural revenue diversity and recurring programmatic streams that can improve predictability and scale advertising sales over multiple quarters.
Read all positive factors
Super League Enterprise (SLE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$8.40M
Dividend YieldN/A
Average Volume (3M)3.60M
Price to Earnings (P/E)―
Beta (1Y)1.73
Revenue Growth-20.86%
EPS Growth97.00%
CountryUS
Employees72
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)-130.32
Shares Outstanding1,502,712
10 Day Avg. Volume2,552,302
30 Day Avg. Volume3,602,205
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.02
Price to Sales (P/S)0.03
P/FCF Ratio-0.03
Enterprise Value/Market Cap-0.46
Enterprise Value/Revenue-0.33
Enterprise Value/Gross Profit-1.15
Enterprise Value/Ebitda0.36
Forecast
1Y Price Target
$15.00Price Target Upside2207.69% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-6.33
Revenue Forecast (FY)$14.00M
Super League Enterprise Business Overview & Revenue Model
Company Description
Super League Enterprise (SLE) is a leading organization in the sports and entertainment sector, focusing primarily on esports and gaming. The company specializes in creating, promoting, and managing competitive gaming events and leagues, catering ...
How the Company Makes Money
SLE primarily makes money through advertising and sponsorships tied to its gaming and esports content and experiences, including brand integrations, sponsored programming, and media campaigns delivered across its owned and operated channels and di...
Super League Enterprise Earnings Call Summary
Earnings Call Date:May 15, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 19, 2026
Earnings Call Sentiment Positive
The call highlights several encouraging operational and commercial trends: year-over-year revenue growth (~+11%), improved gross margin (+4 percentage points), an 11% YoY improvement in cash-based EBITDA, larger average deal sizes (+~8%), a materially expanded per-salesperson pipeline (~3x vs two years ago), 23 new clients YTD, and strategic capability and inventory gains via the Misfits Ads acquisition and platform partnerships. These positives are tempered by a modest absolute revenue base ($3.0M), a typical seasonal sequential decline (-6% from Q4), the company not yet being cash-based EBITDA profitable (targeting year-end), and the need to successfully integrate acquisitions and convert the pro forma pipeline into revenue. Overall, the tone of the call is constructive and focused on execution, with measurable operational improvements and clear near-term catalysts but still dependent on execution to reach profitability and scale.Positive Updates
Revenue Growth Year-over-Year
Gross revenue for Q1 2026 was $3.0 million, up from $2.7 million in the prior first-quarter (~+11% year-over-year).
Negative Updates
Small Absolute Revenue Base
Despite year-over-year growth, Q1 revenue remains modest at $3.0 million, highlighting an early-stage revenue base that requires continued scale to meet longer-term targets.
Read all updates
Q1-2026 Updates
Positive
Negative
Revenue Growth Year-over-Year
Gross revenue for Q1 2026 was $3.0 million, up from $2.7 million in the prior first-quarter (~+11% year-over-year).
Read all positive updates
Company Guidance
The guidance in the call was that Super League expects the Misfits Ads acquisition (paid $1.5M cash) to begin contributing to results in Q2 2026 and to strengthen predictability and scalability of revenue, that the company does not anticipate needing to raise capital in the foreseeable future given $11.4M of cash at quarter end, and that management is targeting a path to cash‑based EBITDA profitability by year‑end; relevant Q1 metrics cited include $3.0M gross revenue (vs. $2.7M prior‑year), a sequential revenue decline of ~6% from Q4 2025, gross margin of 36% (up from 32% in Q4), cash‑based EBITDA up 11% YoY, average closed deal size $157K (vs. $145K prior‑year), weighted pipeline per salesperson ≈ $1.78M (nearly 3x two years ago), 23 new clients YTD, and a pro forma combined Super League + Misfits pipeline of ~ $12M gross revenue potential for FY2026 (not to be interpreted as formal guidance).Super League Enterprise Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
52
Neutral
Cash Flow
16
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.63M | 11.34M | 16.18M | 25.08M | 19.68M | 11.67M |
| Gross Profit | 3.35M | 2.42M | 6.10M | 9.78M | 8.52M | 5.13M |
| EBITDA | -10.63M | -10.79M | -13.30M | -25.22M | -79.57M | -20.53M |
| Net Income | -20.54M | -20.72M | -16.64M | -30.33M | -85.45M | -20.75M |
Balance Sheet | ||||||
| Total Assets | 19.50M | 21.95M | 11.71M | 25.33M | 30.21M | 96.81M |
| Cash, Cash Equivalents and Short-Term Investments | 11.35M | 14.39M | 1.31M | 7.61M | 2.48M | 14.53M |
| Total Debt | 0.00 | 0.00 | 4.97M | 800.00K | 679.00K | 0.00 |
| Total Liabilities | 4.96M | 4.33M | 11.54M | 15.34M | 11.01M | 6.11M |
| Stockholders Equity | 14.54M | 17.62M | 170.00K | 9.99M | 19.20M | 90.70M |
Cash Flow | ||||||
| Free Cash Flow | -8.50M | -10.59M | -11.94M | -16.16M | -21.52M | -24.00M |
| Operating Cash Flow | -10.91M | -10.59M | -11.46M | -15.49M | -19.83M | -22.71M |
| Investing Cash Flow | -7.09M | 833.00K | -283.00K | -825.00K | -1.69M | -4.20M |
| Financing Cash Flow | 21.48M | 22.84M | 5.45M | 21.44M | 9.46M | 33.50M |
Super League Enterprise Technical Analysis
Positive
0.65
Price Trends
4.17
Positive
4.95
Positive
17.96
Negative
Market Momentum
0.34
Negative
65.44
Neutral
48.64
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SLE, the sentiment is Positive. The current price of 0.65 is below the 20-day moving average (MA) of 4.29, below the 50-day MA of 4.17, and below the 200-day MA of 17.96, indicating a neutral trend. The MACD of 0.34 indicates Negative momentum. The RSI at 65.44 is Neutral, neither overbought nor oversold. The STOCH value of 48.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SLE.
Super League Enterprise Risk Analysis
Super League Enterprise disclosed 59 risk factors in its most recent earnings report. Super League Enterprise reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Super League Enterprise Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $74.23M | 8.45 | 18.73% | ― | -37.04% | ― | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
59 Neutral | $7.75M | ― | -35.00% | ― | -1.11% | ― | |
56 Neutral | $99.01M | -4.20 | -8.83% | ― | 0.60% | ― | |
50 Neutral | $8.40M | -0.56 | 674.09% | ― | -20.86% | 97.00% | |
47 Neutral | $50.98M | ― | -10.32% | ― | ― | ― | |
41 Neutral | $4.77M | ― | -63.25% | ― | 7.68% | -91.30% |
* Communication Services Sector Average
SLE
Super League Enterprise
5.59
-72.46
-92.84%
SCOR
comScore
6.56
1.80
37.82%
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Super League Enterprise Corporate Events
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Super League Enterprise Highlights Q1 Growth, Strengthened Balance Sheet
Positive
May 19, 2026
Super League Enterprise reported its first-quarter 2026 results on May 15, 2026, highlighting gross revenue growth to $3.0 million from $2.7 million a year earlier and an improved gross margin of 36% versus 32% in the prior quarter, underscoring s...
Business Operations and StrategyExecutive/Board ChangesM&A TransactionsShareholder Meetings
Super League Enterprise Finalizes Misfits Ads Division Acquisition
Positive
May 6, 2026
On May 1, 2026, Super League Enterprise closed its acquisition of the Misfits Ads Division from Misfits Gaming Group after shareholders approved issuing up to 1,161,813 shares at an April 30 special meeting. The consideration included $1.5 million...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Super League Highlights Strong Q4 Results, Profitability Progress
Positive
Apr 3, 2026
On March 27, 2026, Super League reported its fourth-quarter and full-year 2025 results, highlighting that the final quarter delivered its strongest revenue performance of the year while operating with a streamlined organization and improved margin...
Business Operations and StrategyExecutive/Board ChangesM&A Transactions
Super League Enterprise Expands With Misfits Ads Acquisition
Positive
Mar 20, 2026
On March 16, 2026, Super League Enterprise, Inc. agreed to acquire the Misfits Ads Business from Esports Now, LLC, paying $1.5 million in cash at closing plus equity, pre-funded warrants and a warrant package, along with a $300,000 delayed cash pa...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.