Debt

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Debt

Note 12. Debt

The following table summarizes outstanding debt balances as of December 31, 2023 and December 31, 2022 (in thousands):

Instrument	Date of Issuance		Maturity Date		Effective interest rate			December 31, 2023			December 31, 2022
Genius Sports Italy Srl Mortgage		December 2010		December 2025		5.5	%	$	43		$	62
Promissory Note		January 2022		January 2024		4.7	%		7,549			14,431
								$	7,592		$	14,493
Less current portion of debt									(7,573	)		(7,405	)
Non-current portion of debt								$	19		$	7,088

Genius Sports Italy Srl Mortgage

On December 1, 2010, Genius Sports entered into a loan agreement in Euros for €0.3 million, equivalent to less than $0.1 million as of December 31, 2023, to be paid in accordance with the quarterly floating rate amortization schedule over the course of the loan.

Promissory Notes

As part of the equity investment in the Canadian Football League (“CFL”), the Company issued two promissory notes, denominated in Canadian Dollars, with an aggregate face value of $20.0 million Canadian Dollars. The promissory notes incur no cash interest. The Company has determined an effective interest rate of 4.7%. The first promissory note matured and was repaid on January 1, 2023, and the second promissory note matures on January 1, 2024. As of December 31, 2023, the face value of the outstanding promissory note was $10.0 million Canadian Dollars, equivalent to $7.5 million. The estimated fair value of the promissory note approximates the carrying value.

Secured Overdraft Facility

The Company has access to short-term borrowings and lines of credit. The Company’s main facility is a £0.2 million secured overdraft facility with Barclays Bank PLC, which incurs a variable interest rate of 4.0% over the Bank of England rate. As of December 31, 2023 and December 31, 2022, the Company had no outstanding borrowings under its lines of credit.

Interest Expense

Interest expense was $0.4 million, $1.5 million, and $3.4 million for the years ended December 31, 2023, 2022 and 2021, respectively.

Debt Maturities

Expected future payments for all borrowings as of December 31, 2023 are as follows:

Fiscal Period:	(in thousands)
2024	$	7,573
2025		19
2026		—
2027		—
2028		—
Thereafter		—
Total payment outstanding	$	7,592