Super League Q2 2026: Cash Drops to $1.1M, Net Loss Widens to $4.4M
SLE is trading near its 52-week low of $2.12 (11% above the low).
Summary
Super League's Q2 2026 10-Q shows cash dropping to $1.1M from $14.4M at year-end, a $4.4M quarterly net loss, and the closing of the Misfits acquisition. Management says liquidity is sufficient for 12 months.
Key Events · Earnings and Guidance · SLE
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Cash Plunges to $1.1M
Cash and cash equivalents fell from $14.4M at December 31, 2025 to $1.1M at June 30, 2026, a $13.3M decrease. Marketable securities of $5.5M were acquired during the period, bringing total liquid assets to approximately $6.7M.
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Net Loss Widens
Q2 2026 net loss was $4.4M, up from $2.8M in Q2 2025. H1 2026 net loss was $8.4M, up from $7.0M. The loss included $825K write-off of deferred financing costs from terminating the Yield Point equity line.
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Misfits Acquisition Closes
The Misfits Transaction closed May 1, 2026 with total consideration of $5.3M, including $1.5M cash, $2.0M in pre-funded warrants, and $2.8M in goodwill. The acquisition added $2.5M in customer relationship intangibles.
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Series C Preferred Redeemed
The company paid $922,400 to redeem all 1,153 shares of Series C Preferred and terminate the $20M Yield Point equity line of credit, expensing $825K of deferred financing costs.
Analysis · SLE · Technology
Super League's Q2 2026 10-Q reveals a sharp cash burn: cash and equivalents fell from $14.4M at year-end to $1.1M, though $5.5M in marketable securities provides some buffer. The company posted a $4.4M net loss for the quarter and $8.4M for the first half, driven by higher operating expenses and a $825K write-off of deferred financing costs from terminating the Yield Point equity line. The Misfits acquisition closed in May, adding $2.8M in goodwill and $2.5M in customer relationship intangibles, but also contributing to the cash outflow. Management states existing cash and securities are sufficient for at least 12 months, but the rapid depletion and reliance on non-cash adjustments warrant close attention.
At the time of this filing, SLE was trading at $2.36 on NASDAQ in the Technology sector, with a market capitalization of approximately $3.7M. The 52-week trading range was $2.12 to $137.16. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.