23XI, Front Row vs. NASCAR lawsuit: Shocking financial numbers unsealed by court

As of Wednesday, a number of documents in the NASCAR lawsuit have been unsealed and made available to the public. In the documents, a number of financial records have been released for NASCAR as well as the Cup Series teams themselves.

The NASCAR lawsuit is starting to head for either a settlement or a trial. With these documents now released, it might put enough pressure on the parties involved to get an agreement put together.

Bob Pockrass of FOX Sports has released information over the past two days regarding the unsealed files. Those documents show the revenue that NASCAR earned in 2023 and 2024, respectively.

In the 2024 season, NASCAR made over $100,000,000 in net income. In 2023, NASCAR made an astounding $536,661,000, mostly thanks to the sale of the land that once hosted Auto Club Speedway.

The NASCAR financial statements as part of the release of documents today show NASCAR income of more than $100 million last year. pic.twitter.com/RZgaEWv8eP

— Bob Pockrass (@bobpockrass) October 29, 2025

Also revealed in the documents was the payout given to each team for showing up to a race. Teams get a base pay of $141,000 for each race. If you aren’t winning races or being competitive in points, then the payout doesn’t get much better than that.

It wasn’t just NASCAR’s financials that were released in the lawsuit. Financials for teams were also included. We now know how much teams have paid for charters in recent years. 23XI Racing and Front Row went from spending about $2-4.7M on their first charters purchased to $28-29M for the Stewart-Haas Racing charters. It was already revealed that Rick Ware is selling a charter to Legacy Motor Club for $45M.

NASCAR lawsuit: Team financials revealed

A chart showing 12 charter teams and their financial records since 2020 gives a glimpse at the cost associated with racing. As expected, many teams are not making money and are, in fact, losing millions.

The numbers in the charter below are averages “per car,” and there is no label on any of the teams. So, a four-car organization has those numbers averaged out and then put into this chart.

Here is the report of team financials. It is broken down "per car" so can't really tell which is what team (and also not always the same accounting buckets from team to team). pic.twitter.com/KEzphkOuIV

— Bob Pockrass (@bobpockrass) October 30, 2025

In 2024, only three organizations made a profit on their operations. One team lost over $10M in 2024. The cost to go racing is not cheap, folks.

There have been a lot of reactions to these financial documents coming out. What it shows, perhaps more than anything, is that operating costs have gone up for many of the teams. When the Next Gen was introduced, it was designed to cut costs. The NASCAR lawsuit has at least brought this to light.

When you compare NASCAR to other major sports, and I know NASCAR fans hate to do that, but you have to – there is a major red flag. NFL, NBA, MLB, MLS, NHL, and College Football have all grown in the last 10 to 20 years. They have more money than ever, are larger organizations than ever, and athletes are routinely signing record-breaking contracts.

In NASCAR, the sport has shrunk. It continues to atrophy. Drivers make less money now than they did 10 to 20 years ago. Teams are still unable to turn a profit. The NASCAR lawsuit has put this out in the light for everyone to see now, and it should be concerning. If Jim France and NASCAR go to trial, I suspect they might have to answer for that.