GAME

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GameSquare Holdings, Inc.

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Key Metrics

Previous Close: $0.42
52-Week Range: $0.24 – $0.94
Market Cap: $45.35M
P/E (TTM): —
EPS (TTM): -0.54
Dividend Yield: —

Advanced Metrics

Price/Book: 4.50
PEG Ratio: —
Return on Equity: -292.37%
Return on Assets: -10.52%
Gross Margin: 42.12%
Operating Margin: -9.21%
Profit Margin: -101.13%
Current Ratio: 0.87
Debt/Equity: 1.74
Total Debt: $17.20M
Free Cash Flow: $-18.99M
Revenue Growth: —
Earnings Growth: —
Enterprise Value: $58.25M

GAME Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$28.08M	$41.30M	$27.54M	$45.00M
Cost of Revenue	$18.43M	$31.20M	$18.09M	$25.48M
Gross Profit	$9.66M	$10.10M	$9.45M	$19.52M
Research & Development	$0.00	$3.07M	$1.89M	$2.05M
Selling, General & Admin	$24.54M	$19.89M	$21.65M	$25.19M
Operating Expenses	$27.20M	$27.91M	$31.26M	$31.25M
Operating Income	-$17.55M	-$17.81M	-$21.80M	-$11.74M
EBITDA	-$15.60M	-$22.03M	-$17.82M	-$9.71M
Pretax Income	-$18.38M	-$26.33M	-$34.79M	-$29.97M
Income Tax	-$304.37K	-$55.10K	$0.00	$63.72K
Net Income	-$18.12M	-$31.28M	-$48.75M	-$40.10M
Diluted EPS	-0.28	-2.81	-1.75	-0.61
Diluted Shares	67.27M	11.12M	27.90M	65.72M

GAME Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$977.41K	$2.95M	$12.09M	$4.60M
Receivables	$8.11M	$16.46M	$21.71M	$8.73M
Current Assets	$10.10M	$22.24M	$36.47M	$22.21M
Total Assets	$20.20M	$64.71M	$78.73M	$79.30M
Current Liabilities	$10.52M	$36.18M	$54.76M	$40.88M
Long-Term Debt	—	$8.18M	$9.91M	—
Total Debt	$3.50M	$15.82M	$23.63M	$4.34M
Total Liabilities	$12.94M	$46.35M	$66.73M	$43.65M
Retained Earnings	-$42.14M	-$73.42M	-$122.17M	-$162.27M
Shareholders' Equity	$7.27M	$18.36M	-$2.94M	$35.65M
Working Capital	-$423.84K	-$13.93M	-$18.29M	-$18.67M
Net Debt	—	$10.51M	$8.73M	—

GAME Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$11.92M	-$16.08M	-$30.57M	-$18.40M
Capital Expenditure	-$31.25K	-$2.24K	-$65.12K	-$57.88M
Free Cash Flow	-$11.96M	-$16.08M	-$30.64M	-$76.28M
Depreciation & Amortisation	$2.62M	$3.63M	$3.98M	$2.03M
Stock-Based Compensation	$1.60M	$1.74M	$2.14M	$2.88M
Investing Cash Flow	$18.11K	$14.07M	$2.71M	-$60.33M
Financing Cash Flow	$6.84M	$3.95M	$37.97M	$72.66M
Share Repurchases	—	—	$0.00	-$1.78M
Net Change in Cash	-$5.07M	$1.95M	$10.10M	-$6.06M

GAME Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$7.44M	$15.85M	$11.32M	$18.46M	$14.50M
Cost of Revenue	$4.28M	$13.43M	$5.72M	$9.98M	$8.93M
Gross Profit	$3.16M	$2.43M	$5.59M	$8.47M	$5.57M
Research & Development	$654.05K	$557.40K	$519.27K	$499.56K	$610.80K
Selling, General & Admin	$5.04M	$5.57M	$7.63M	$7.24M	$6.58M
Operating Expenses	$6.65M	$6.98M	$9.52M	$8.63M	$8.80M
Operating Income	-$3.49M	-$4.55M	-$3.93M	-$159.64K	-$3.22M
EBITDA	-$2.73M	-$4.15M	-$3.55M	$339.39K	-$2.68M
Pretax Income	-$3.76M	-$6.04M	$5.95M	-$28.12M	-$17.61M
Income Tax	$0.00	$0.00	$0.00	$63.72K	$0.00
Net Income	-$5.16M	-$3.02M	-$808.44K	-$31.12M	-$17.70M
Diluted EPS	-0.14	-0.08	-0.01	-0.32	-0.18
Diluted Shares	36.72M	38.97M	87.95M	98.31M	97.33M

GAME Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$4.68M	$4.70M	$6.01M	$4.60M	$2.36M
Receivables	$18.78M	$13.13M	$13.47M	$8.73M	$10.69M
Current Assets	$25.81M	$20.62M	$26.22M	$22.21M	$38.84M
Total Assets	$67.78M	$44.09M	$121.12M	$79.30M	$68.21M
Current Liabilities	$45.18M	$48.26M	$40.30M	$40.88M	$44.51M
Long-Term Debt	$10.22M	—	—	—	—
Total Debt	$20.12M	$9.57M	$1.58M	$4.34M	$10.99M
Total Liabilities	$57.27M	$49.63M	$42.38M	$43.65M	$50.48M
Retained Earnings	-$127.33M	-$130.35M	-$131.15M	-$162.27M	-$179.98M
Shareholders' Equity	-$2.41M	-$5.54M	$78.74M	$35.65M	$17.73M
Working Capital	-$19.37M	-$27.63M	-$14.08M	-$18.67M	-$5.66M
Net Debt	$12.82M	$3.07M	—	—	$7.14M

GAME Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$8.58M	$1.70M	-$10.37M	-$1.14M	-$6.42M
Capital Expenditure	-$375.41K	-$1.60K	-$57.13M	-$375.10K	-$1.00M
Free Cash Flow	-$8.96M	$1.70M	-$67.50M	-$1.52M	-$7.42M
Depreciation & Amortisation	$757.88K	$400.41K	$373.74K	$499.03K	$538.72K
Stock-Based Compensation	$29.00K	$5.62K	$1.87M	$975.12K	$527.69K
Investing Cash Flow	-$375.41K	-$637.98K	-$60.74M	$1.43M	-$2.52M
Financing Cash Flow	$1.46M	$489.33K	$72.04M	-$1.32M	$6.73M
Share Repurchases	$0.00	—	—	—	-$770.22K
Net Change in Cash	-$7.50M	$1.55M	$922.04K	-$1.04M	-$2.21M

Market Snapshot

About

GameSquare Holdings, Inc. is a digital media and entertainment company operating in the gaming and esports sectors. The company provides marketing, content creation, talent management, and other services connecting brands with gaming audiences. GameSquare operates through multiple divisions including esports teams, content creation studios, and marketing agencies focused on the gaming demographic. The company aims to capitalize on the growing convergence of gaming, entertainment, and digital media.