MSGM

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Motorsport Games Inc.

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Key Metrics

Previous Close: $3.95
52-Week Range: $2.11 – $5.56
Market Cap: $17.44M
P/E (TTM): 13.10
EPS (TTM): 0.29
Dividend Yield: —

Advanced Metrics

Price/Book: 2.85
PEG Ratio: 0.69
Return on Equity: 135.83%
Return on Assets: 27.74%
Gross Margin: 84.19%
Operating Margin: 26.90%
Profit Margin: 45.71%
Current Ratio: 2.32
Debt/Equity: 0.04
Total Debt: $362.41K
Free Cash Flow: $602.74K
Revenue Growth: 129.30%
Earnings Growth: -82.30%
Enterprise Value: $14.54M

MSGM Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$10.32M	$6.91M	$8.69M	$11.30M
Cost of Revenue	$4.96M	$3.62M	$3.23M	$2.09M
Gross Profit	$5.36M	$3.29M	$5.46M	$9.20M
Research & Development	$10.42M	$7.24M	$3.38M	$1.76M
Selling, General & Admin	$19.94M	$11.06M	$7.62M	$5.76M
Operating Expenses	$30.77M	$15.66M	$10.46M	$5.96M
Operating Income	-$25.41M	-$12.37M	-$5.00M	$3.25M
EBITDA	-$33.63M	-$11.43M	-$337.88K	$7.74M
Pretax Income	-$36.84M	-$14.32M	-$3.05M	$6.60M
Income Tax	—	—	—	-$245.26K
Net Income	-$35.99M	-$14.32M	-$2.75M	$6.93M
Diluted EPS	-30.73	-5.56	-0.94	1.43
Diluted Shares	1.17M	2.58M	2.92M	4.84M

MSGM Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$979.31K	$1.68M	$859.27K	$4.99M
Receivables	$2.02M	$735.84K	$1.45M	$2.24M
Current Assets	$4.04M	$3.52M	$2.80M	$7.59M
Total Assets	$18.90M	$9.76M	$6.27M	$11.97M
Current Liabilities	$13.32M	$7.59M	$5.02M	$3.37M
Total Debt	$997.83K	$198.67K	$47.41K	$17.57K
Total Liabilities	$16.99M	$7.67M	$5.04M	$4.39M
Retained Earnings	-$73.98M	-$89.04M	-$91.79M	-$84.86M
Shareholders' Equity	$1.53M	$1.04M	$496.26K	$6.78M
Working Capital	-$9.28M	-$4.07M	-$2.23M	$4.22M

MSGM Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$19.52M	-$13.65M	-$2.84M	$4.07M
Capital Expenditure	-$292.45K	-$789.15K	-$25.02K	-$1.12M
Free Cash Flow	-$19.81M	-$14.44M	-$2.86M	$2.95M
Depreciation & Amortisation	$2.06M	$2.12M	$2.59M	$1.12M
Stock-Based Compensation	$714.52K	$957.30K	$152.96K	$789.35K
Investing Cash Flow	-$292.45K	$4.21M	$1.18M	-$1.12M
Financing Cash Flow	$1.71M	$9.94M	$834.05K	$1.06M
Net Change in Cash	-$18.10M	$496.02K	-$822.61K	$4.01M

MSGM Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$1.76M	$2.59M	$3.10M	$3.85M	$4.03M
Cost of Revenue	$465.39K	$454.89K	$597.82K	$575.22K	$517.14K
Gross Profit	$1.29M	$2.14M	$2.50M	$3.27M	$3.51M
Research & Development	$601.95K	$270.34K	$418.91K	$468.98K	$514.34K
Selling, General & Admin	$1.27M	$991.35K	$1.28M	$2.22M	$1.91M
Operating Expenses	$1.39M	$168.89K	$1.70M	$2.70M	$2.43M
Operating Income	-$93.19K	$1.97M	$798.95K	$574.98K	$1.08M
EBITDA	$1.29M	$4.50M	$1.06M	$896.69K	$1.13M
Pretax Income	$1.02M	$4.24M	$768.54K	$570.32K	$951.57K
Net Income	$1.04M	$4.26M	$789.30K	$839.31K	$315.83K
Diluted EPS	0.33	0.82	0.14	0.15	0.06
Diluted Shares	3.18M	5.21M	5.46M	5.52M	5.48M

MSGM Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$1.05M	$2.37M	$4.13M	$4.99M	$5.86M
Receivables	$867.89K	$1.59M	$1.49M	$2.24M	$2.27M
Current Assets	$2.72M	$4.76M	$6.34M	$7.59M	$9.06M
Total Assets	$6.06M	$8.15M	$10.10M	$11.97M	$13.88M
Current Liabilities	$4.64M	$2.57M	$3.30M	$3.37M	$3.91M
Total Debt	$41.08K	$31.22K	$26.12K	$17.57K	$362.41K
Total Liabilities	$4.65M	$2.58M	$3.31M	$4.39M	$5.32M
Retained Earnings	-$90.75M	-$86.49M	-$85.70M	-$84.86M	-$84.55M
Shareholders' Equity	$648.44K	$4.82M	$5.85M	$6.78M	$7.05M
Working Capital	-$1.92M	$2.18M	$3.05M	$4.22M	$5.16M

MSGM Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$376.80K	-$102.06K	$2.06M	$1.74M	$1.65M
Capital Expenditure	—	—	-$306.89K	-$445.93K	-$650.22K
Free Cash Flow	$376.80K	-$472.06K	$1.75M	$1.30M	$999.63K
Depreciation & Amortisation	$252.06K	$253.94K	$289.39K	$326.77K	$176.05K
Stock-Based Compensation	$0.00	$0.00	$0.00	$789.35K	$375.03K
Investing Cash Flow	$0.00	-$370.00K	-$306.89K	-$445.93K	-$650.22K
Financing Cash Flow	-$221.58K	$1.88M	-$150.00K	-$440.17K	-$63.32K
Net Change in Cash	$155.22K	$1.40M	$1.60M	$854.85K	$936.31K

Market Snapshot

About

Motorsport Games Inc. develops and publishes racing simulation video games and operates esports competitions for racing enthusiasts. The company holds licenses for NASCAR, BTCC, and other racing series to create authentic digital racing experiences. It also organizes and broadcasts esports tournaments and virtual racing events.