Forensic Analysis · Technology / Software · as of Sep 8, 2026
Sports Entertainment Gaming Global Corp (SEGG)
A forensic read on Sports Entertainment Gaming Global Corp built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
F · Poor — capital at risk
Forensic grade
Distress
Financial health
-20.3
Distress distance
Clean
Earnings quality
4
Forensic signals
-87.2%
ROE
-41.6%
Revenue growth
The financial-health reading above compares this company's equity at BOOK value, not at what the market currently pays for it — this free snapshot doesn't pull live market data. Treat it as a rough read, not the final word.
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, valuation). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Sports Entertainment Gaming Global Corp earns an F (Poor — capital at risk) forensic quality grade, and its balance-sheet distress test reads -20.3, placing it in the Distress zone (based on book value, not market value, since this free snapshot doesn't pull live market data — treat this zone as a rough read, not the final word). 4 forensic signals were flagged in its latest SEC filings, led by receivables vs revenue.
What the filings flag
237d DSO
FY2024→FY2025
Receivables vs revenue.Days sales outstanding moved from 105 to 237 days FY2024→FY2025 (receivables -53% vs revenue -42%). Receivables are creeping up relative to sales. Across FY2021–FY2025 the day count ran 1 → 8 → 7 → 105 → 237 days — the latest step continues a climb that was already under way, which is the persistence that separates a collection problem from a busy quarter. Measured against the same quarter twelve months earlier — like-for-like on the calendar, so an ordinary seasonal build cannot produce it — receivables took longer to collect in 7 consecutive quarters (Jun 2024 +61, Sep 2024 +154, Dec 2024 +187, Mar 2025 +110, Jun 2025 +190, Sep 2025 +310, Dec 2025 +3189 days). In the latest of them the receivable balance grew -53% against sales -97%, so more of a quarter's billings were still outstanding at the period end than a year earlier — money the company has recognized and not yet been paid.
n/m (stock split)
FY2022–FY2025
Share count (stock split).Diluted share count changed +39% over the last 3 years to FY2025, but that includes a large one-time change around FY2024 consistent with a stock split or reverse split, not gradual buybacks or issuance — a split changes the count with NO effect on any holder's proportional ownership, so the raw +11.7%/yr figure isn't a real buyback/dilution read here.
171% of rev
FY2024
Stock-based comp load.Stock-based compensation ran 171% of revenue in FY2024 — about $1.14 per diluted share. No cash left the business to pay it, which is why operating cash flow adds it back. Net of repurchases the diluted count still rose about 9.0% a year, and the rate is falling. Stock compensation is one source of that issuance; acquisition consideration, equity raises, convertibles and other employee plans also net into the count, and these figures do not separate them.
$7M
Key fundamentals
Latest Revenue$559,590.00
Revenue Growth YoY-41.6%
Net Margin-3628.3%
Return on Equity-87.2%
Debt / Equity0.01x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Sports Entertainment Gaming Global Corp's actual 10-K/10-Q/8-K filings?
Data from SEC EDGAR public filings · metrics as of Sep 8, 2026. Forensic signals flag probability, not certainty.
Sports Entertainment Gaming Global Corp (SEGG) Stock — Forensic Analysis, Red Flags & Rating | Stockonomy · Stockonomy
FY2023–FY2023
Goodwill impairments.Took $7M of goodwill writedowns across 1 year (FY2023 ($7M)). Writedowns mean past acquisitions underperformed what was paid for them.