Golden Matrix Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Golden Matrix has an operating margin of 1.8%, meaning the company retains $2 of operating profit per $100 of revenue. This below-average margin results in a low score of 9/100, suggesting thin profitability after operating expenses. This is down from 14.8% the prior year.
Golden Matrix's revenue surged 62.5% year-over-year to $151.1M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Golden Matrix carries a low D/E ratio of 0.14, meaning only $0.14 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Golden Matrix's current ratio of 0.71 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 8/100, which could limit financial flexibility.
Golden Matrix has a free cash flow margin of 11.1%, earning a moderate score of 55/100. The company generates positive cash flow after capital investments, but with room for improvement.
Golden Matrix scores 1.55, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Golden Matrix passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Golden Matrix generates $-16.16 in operating cash flow ($23.9M OCF vs -$1.5M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Golden Matrix earns $0.8 in operating income for every $1 of interest expense ($2.7M vs $3.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Golden Matrix (GMGI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Golden Matrix generated $151.1M in revenue in fiscal year 2024. This represents an increase of 62.5% from the prior year.
Golden Matrix's EBITDA was $3.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 79.7% from the prior year.
Golden Matrix generated $16.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 6.7% from the prior year.
Golden Matrix reported -$1.5M in net income in fiscal year 2024. This represents a decrease of 110.8% from the prior year.
Golden Matrix earned $0.05 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 68.8% from the prior year.
Golden Matrix held $30.1M in cash against $14.4M in long-term debt as of fiscal year 2024.
Golden Matrix had 129M shares outstanding in fiscal year 2024. This represents an increase of 256.5% from the prior year.
Golden Matrix's gross margin was 58.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 14.8 percentage points from the prior year.
Golden Matrix's operating margin was 1.8% in fiscal year 2024, reflecting core business profitability. This is down 13.0 percentage points from the prior year.
Golden Matrix's net profit margin was -1.0% in fiscal year 2024, showing the share of revenue converted to profit. This is down 15.7 percentage points from the prior year.
Golden Matrix spent $123K on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 280.9% from the prior year.
Golden Matrix invested $7.2M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 24.7% from the prior year.
GMGI Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $47.3M+9.4% | $43.2M+1.2% | $42.7M-6.8% | $45.9M+16.3% | $39.4M+58.6% | $24.9M+11.9% | $22.2M-1.6% | $22.6M |
| Cost of Revenue | $20.9M+10.9% | $18.9M+1.8% | $18.5M-2.8% | $19.1M+7.5% | $17.7M+147.7% | $7.2M+17.0% | $6.1M+1.3% | $6.0M |
| Gross Profit | $26.4M+8.2% | $24.4M+0.7% | $24.2M-9.7% | $26.8M+23.5% | $21.7M+22.6% | $17.7M+9.9% | $16.1M-2.7% | $16.5M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $26.8M+0.3% | $26.7M+9.8% | $24.3M-9.6% | $26.9M+24.7% | $21.6M+54.0% | $14.0M+8.8% | $12.9M+2.0% | $12.6M |
| Operating Income | -$388K+83.2% | -$2.3M-2074.0% | -$106K-6.9% | -$99K-179.2% | $125K-96.6% | $3.7M+14.4% | $3.2M-17.8% | $3.9M |
| Interest Expense | $511K-65.5% | $1.5M+0.7% | $1.5M-45.4% | $2.7M+8194.1% | $32K+643.2% | $4K+8.0% | $4K-79.3% | $20K |
| Income Tax | $202K-58.9% | $490K+245.9% | -$336K+85.9% | -$2.4M-555.1% | $525K+86.4% | $282K-11.1% | $317K-24.3% | $418K |
| Net Income | $566K+115.8% | -$3.6M-1447.6% | -$232K+89.1% | -$2.1M-3381.2% | $65K-98.4% | $4.0M+14.7% | $3.5M-6.4% | $3.7M |
| EPS (Diluted) | $0.00+100.0% | $-0.03 | $0.00-100.0% | $0.03 | $0.00 | $0.05+25.0% | $0.040.0% | $0.04 |
GMGI Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $209.8M-0.2% | $210.3M-1.7% | $214.0M+0.1% | $213.7M+11.6% | $191.5M+139.9% | $79.9M+124.4% | $35.6M+1.7% | $35.0M |
| Current Assets | $39.1M+0.5% | $39.0M-15.2% | $45.9M+1.9% | $45.1M-7.2% | $48.6M+80.3% | $26.9M+17.8% | $22.9M+3.5% | $22.1M |
| Cash & Equivalents | $22.0M-0.4% | $22.1M-25.4% | $29.7M-1.5% | $30.1M-8.2% | $32.8M+51.8% | $21.6M+32.4% | $16.3M+2.7% | $15.9M |
| Inventory | $5.7M+19.3% | $4.8M-2.4% | $4.9M+23.9% | $3.9M+17.9% | $3.3M+2394.5% | $134K-92.2% | $1.7M+12.7% | $1.5M |
| Accounts Receivable | $7.2M+2.2% | $7.1M+3.0% | $6.9M+13.6% | $6.1M-16.1% | $7.2M+170.1% | $2.7M-24.7% | $3.6M-9.5% | $3.9M |
| Goodwill | $71.3M+0.1% | $71.3M+0.3% | $71.0M-0.3% | $71.2M | N/A | $10.4M0.0% | $10.4M0.0% | $10.4M |
| Total Liabilities | $82.7M-3.1% | $85.3M-16.0% | $101.6M-3.0% | $104.8M+3.6% | $101.1M+409.1% | $19.9M+343.5% | $4.5M+9.5% | $4.1M |
| Current Liabilities | $64.4M+1.3% | $63.6M+2.5% | $62.0M-2.4% | $63.6M+23.8% | $51.3M+192.0% | $17.6M+292.3% | $4.5M+9.5% | $4.1M |
| Long-Term Debt | $8.7M-22.8% | $11.3M-15.8% | $13.5M-6.3% | $14.4M-26.0% | $19.4M | $0 | N/A | N/A |
| Total Equity | $123.5M+1.9% | $121.3M+11.8% | $108.5M+3.3% | $105.1M+16.2% | $90.4M+47.3% | $61.4M+97.3% | $31.1M+0.7% | $30.9M |
| Retained Earnings | $53.7M+1.1% | $53.2M-6.4% | $56.8M-0.4% | $57.0M-8.8% | $62.6M+5.5% | $59.3M+329.4% | -$25.8M+2.9% | -$26.6M |
GMGI Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $7.0M+195.8% | $2.4M-69.3% | $7.7M-53.4% | $16.6M+971.6% | -$1.9M-142.7% | $4.5M-13.6% | $5.2M+1505.6% | $322K |
| Capital Expenditures | $850K-65.5% | $2.5M+122.8% | $1.1M-65.2% | $3.2M+438.7% | $591K-36.6% | $932K+21.6% | $766K+8516111.1% | $9 |
| Free Cash Flow | $6.2M+7018.4% | -$89K-101.3% | $6.6M-50.6% | $13.4M+637.5% | -$2.5M-170.8% | $3.5M-19.8% | $4.4M+1267.2% | $321K |
| Investing Cash Flow | -$3.2M+51.2% | -$6.6M-22.9% | -$5.3M+66.0% | -$15.7M-75.9% | -$8.9M-297.9% | -$2.2M+2.6% | -$2.3M-25621288.9% | -$9 |
| Financing Cash Flow | -$2.8M+69.6% | -$9.3M-86.0% | -$5.0M+0.1% | -$5.0M-122.4% | $22.3M+2631.4% | $818K+185.9% | -$952K | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0-100.0% | $770K+62.2% | $474K+7.6% | $441K |
| Share Buybacks | $0 | N/A | N/A | $121K | N/A | N/A | $0 | N/A |
GMGI Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 55.8%-0.6pp | 56.4%-0.3pp | 56.6%-1.8pp | 58.4%+3.4pp | 55.0%-16.2pp | 71.2%-1.3pp | 72.5%-0.8pp | 73.3% |
| Operating Margin | -0.8%+4.5pp | -5.3%-5.1pp | -0.3%-0.0pp | -0.2%-0.5pp | 0.3%-14.5pp | 14.9%+0.3pp | 14.5%-2.9pp | 17.4% |
| Net Margin | 1.2%+9.5pp | -8.3%-7.8pp | -0.5%+4.1pp | -4.7%-4.8pp | 0.2%-15.9pp | 16.1%+0.4pp | 15.7%-0.8pp | 16.5% |
| Return on Equity | 0.5% | N/A | N/A | N/A | 0.1%-6.4pp | 6.5%-4.7pp | 11.2%-0.9pp | 12.0% |
| Return on Assets | 0.3%+2.0pp | -1.7%-1.6pp | -0.1%+0.9pp | -1.0%-1.0pp | 0.0%-0.1pp | 0.1%-9.7pp | 9.8%-0.8pp | 10.6% |
| Current Ratio | 0.610.0 | 0.61-0.1 | 0.74+0.0 | 0.71-0.2 | 0.95-0.6 | 1.53-3.6 | 5.10-0.3 | 5.40 |
| Debt-to-Equity | 0.07-0.0 | 0.09-0.0 | 0.12-0.0 | 0.14-0.1 | 0.21+0.2 | 0.00-0.1 | 0.14+0.0 | 0.13 |
| FCF Margin | 13.1%+13.3pp | -0.2%-15.7pp | 15.5%-13.7pp | 29.3%+35.6pp | -6.3%-20.5pp | 14.2%-5.6pp | 19.8%+18.4pp | 1.4% |
Note: The current ratio is below 1.0 (0.71), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Golden Matrix's annual revenue?
Golden Matrix (GMGI) reported $151.1M in total revenue for fiscal year 2024. This represents a 62.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Golden Matrix's revenue growing?
Golden Matrix (GMGI) revenue grew by 62.5% year-over-year, from $93.0M to $151.1M in fiscal year 2024.
Is Golden Matrix profitable?
No, Golden Matrix (GMGI) reported a net income of -$1.5M in fiscal year 2024, with a net profit margin of -1.0%.
What is Golden Matrix's earnings per share (EPS)?
Golden Matrix (GMGI) reported diluted earnings per share of $0.05 for fiscal year 2024. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Golden Matrix's EBITDA?
Golden Matrix (GMGI) had EBITDA of $3.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Golden Matrix have?
As of fiscal year 2024, Golden Matrix (GMGI) had $30.1M in cash and equivalents against $14.4M in long-term debt.
What is Golden Matrix's gross margin?
Golden Matrix (GMGI) had a gross margin of 58.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Golden Matrix's operating margin?
Golden Matrix (GMGI) had an operating margin of 1.8% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Golden Matrix's net profit margin?
Golden Matrix (GMGI) had a net profit margin of -1.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Golden Matrix's free cash flow?
Golden Matrix (GMGI) generated $16.8M in free cash flow during fiscal year 2024. This represents a -6.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Golden Matrix's operating cash flow?
Golden Matrix (GMGI) generated $23.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Golden Matrix's total assets?
Golden Matrix (GMGI) had $213.7M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Golden Matrix's capital expenditures?
Golden Matrix (GMGI) invested $7.2M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Golden Matrix buy back shares?
Yes, Golden Matrix (GMGI) spent $123K on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Golden Matrix have outstanding?
Golden Matrix (GMGI) had 129M shares outstanding as of fiscal year 2024.
What is Golden Matrix's current ratio?
Golden Matrix (GMGI) had a current ratio of 0.71 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Golden Matrix's debt-to-equity ratio?
Golden Matrix (GMGI) had a debt-to-equity ratio of 0.14 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Golden Matrix's return on assets (ROA)?
Golden Matrix (GMGI) had a return on assets of -0.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Golden Matrix's Altman Z-Score?
Golden Matrix (GMGI) has an Altman Z-Score of 1.55, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Golden Matrix's Piotroski F-Score?
Golden Matrix (GMGI) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Golden Matrix's earnings high quality?
Golden Matrix (GMGI) has an earnings quality ratio of -16.16x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Golden Matrix cover its interest payments?
Golden Matrix (GMGI) has an interest coverage ratio of 0.8x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Golden Matrix?
Golden Matrix (GMGI) scores 55 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.