Mobile Global Esports, Inc Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Mobile Global Esports, Inc has an operating margin of -9158.5%, meaning the company retains $-9159 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -137161.1% the prior year.
Mobile Global Esports, Inc's revenue surged 412.1% year-over-year to $25K, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Mobile Global Esports, Inc carries a low D/E ratio of 0.08, meaning only $0.08 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.
With a current ratio of 12.98, Mobile Global Esports, Inc holds $12.98 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Mobile Global Esports, Inc passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Mobile Global Esports, Inc generates $0.91 in operating cash flow (-$2.1M OCF vs -$2.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Mobile Global Esports, Inc earns $-1652.8 in operating income for every $1 of interest expense (-$2.3M vs $1K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Mobile Global Esports, Inc (MGAM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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
Mobile Global Esports, Inc generated $25K in revenue in fiscal year 2024. This represents an increase of 412.1% from the prior year.
Mobile Global Esports, Inc's EBITDA was -$2.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 66.0% from the prior year.
Mobile Global Esports, Inc reported -$2.3M in net income in fiscal year 2024. This represents an increase of 65.7% from the prior year.
Mobile Global Esports, Inc earned $-0.11 per diluted share (EPS) in fiscal year 2024. This represents an increase of 65.6% from the prior year.
Mobile Global Esports, Inc held $929K in cash against $0 in long-term debt as of fiscal year 2024.
Mobile Global Esports, Inc had 28M shares outstanding in fiscal year 2024. This represents an increase of 36.8% from the prior year.
Mobile Global Esports, Inc's operating margin was -9158.5% in fiscal year 2024, reflecting core business profitability. This is up 128002.6 percentage points from the prior year.
Mobile Global Esports, Inc's net profit margin was -9130.5% in fiscal year 2024, showing the share of revenue converted to profit. This is up 127374.6 percentage points from the prior year.
MGAM Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $57 | N/A | $2K-0.9% | $2K | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | $57 | N/A | $2K-0.9% | $2K | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $601K |
| SG&A Expenses | $858K+91.8% | $447K+12.4% | $398K-1.5% | $404K-18.6% | $497K-19.6% | $617K | N/A | $1.2M |
| Operating Income | -$858K-91.8% | -$447K-12.8% | -$397K+1.9% | -$404K+18.6% | -$497K+19.6% | -$617K | N/A | -$1.8M |
| Interest Expense | $9K+392.9% | $2K | N/A | N/A | $288-79.2% | $1K | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$948K-111.4% | -$448K-16.8% | -$384K+36.2% | -$601K-21.6% | -$495K+19.9% | -$617K | N/A | -$1.8M |
| EPS (Diluted) | $-0.02-100.0% | $-0.010.0% | $-0.01+66.7% | $-0.03-50.0% | $-0.02+33.3% | $-0.03 | N/A | $-0.09 |
MGAM Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $973K+32.1% | $737K-8.9% | $809K-25.2% | $1.1M-52.5% | $2.3M-25.0% | $3.0M-11.3% | $3.4M-45.6% | $6.3M |
| Current Assets | $863K+23.9% | $697K-13.9% | $809K-24.1% | $1.1M-49.0% | $2.1M-27.8% | $2.9M-11.4% | $3.3M-30.0% | $4.7M |
| Cash & Equivalents | $810K+36.1% | $595K-15.1% | $701K-24.5% | $929K-53.5% | $2.0M-28.6% | $2.8M-12.5% | $3.2M-29.1% | $4.5M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $753K+235.5% | $224K+260.2% | $62K-24.1% | $82K-57.4% | $193K-62.3% | $511K+57.6% | $324K-47.7% | $619K |
| Current Liabilities | $769K+220.4% | $240K+211.4% | $77K-6.1% | $82K-47.8% | $157K-66.8% | $474K+74.4% | $272K-50.9% | $554K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $221K-56.9% | $512K-31.4% | $747K-26.4% | $1.0M-51.6% | $2.1M-17.3% | $2.5M-18.4% | $3.1M-45.3% | $5.7M |
| Retained Earnings | -$12.4M-8.3% | -$11.5M-4.1% | -$11.0M-3.6% | -$10.6M-12.8% | -$9.4M-5.5% | -$8.9M-7.4% | -$8.3M-63.3% | -$5.1M |
MGAM Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$292K-2.5% | -$285K-24.9% | -$228K+36.0% | -$356K+47.1% | -$674K-86.9% | -$361K+67.2% | -$1.1M+27.8% | -$1.5M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$70K | N/A | N/A | -$2K+94.1% | -$35K-541.9% | -$5K+97.3% | -$204K-1103.0% | -$17K |
| Financing Cash Flow | $577K | N/A | N/A | $0+100.0% | -$26K+32.1% | -$39K-2.2% | -$38K-24.9% | -$30K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
MGAM Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 100.0% | N/A | 100.0%0.0pp | 100.0% | N/A | N/A | N/A | N/A |
| Operating Margin | -1505301.8% | N/A | -25357.0%+247.5pp | -25604.5% | N/A | N/A | N/A | N/A |
| Net Margin | -1662908.8% | N/A | -24539.8%+13545.5pp | -38085.3% | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -97.4%-36.5pp | -60.9%-13.4pp | -47.4%-10.7pp | -36.8%-15.0pp | -21.7%-1.4pp | -20.3% | N/A | -29.3% |
| Current Ratio | 1.12-1.8 | 2.90-7.6 | 10.50-2.5 | 12.98-0.3 | 13.28+7.2 | 6.10-5.9 | 12.02+3.6 | 8.43 |
| Debt-to-Equity | 3.41+3.0 | 0.44+0.4 | 0.080.0 | 0.08-0.0 | 0.09-0.1 | 0.20+0.1 | 0.100.0 | 0.11 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Mobile Global Esports, Inc's annual revenue?
Mobile Global Esports, Inc (MGAM) reported $25K in total revenue for fiscal year 2024. This represents a 412.1% 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 Mobile Global Esports, Inc's revenue growing?
Mobile Global Esports, Inc (MGAM) revenue grew by 412.1% year-over-year, from $5K to $25K in fiscal year 2024.
Is Mobile Global Esports, Inc profitable?
No, Mobile Global Esports, Inc (MGAM) reported a net income of -$2.3M in fiscal year 2024, with a net profit margin of -9130.5%.
What is Mobile Global Esports, Inc's earnings per share (EPS)?
Mobile Global Esports, Inc (MGAM) reported diluted earnings per share of $-0.11 for fiscal year 2024. This represents a 65.6% change compared to the previous fiscal year. 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 Mobile Global Esports, Inc's EBITDA?
Mobile Global Esports, Inc (MGAM) had EBITDA of -$2.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Mobile Global Esports, Inc's operating margin?
Mobile Global Esports, Inc (MGAM) had an operating margin of -9158.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Mobile Global Esports, Inc's net profit margin?
Mobile Global Esports, Inc (MGAM) had a net profit margin of -9130.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Mobile Global Esports, Inc's operating cash flow?
Mobile Global Esports, Inc (MGAM) generated -$2.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Mobile Global Esports, Inc's total assets?
Mobile Global Esports, Inc (MGAM) had $1.1M in total assets as of fiscal year 2024, including both current and long-term assets.
How many shares does Mobile Global Esports, Inc have outstanding?
Mobile Global Esports, Inc (MGAM) had 28M shares outstanding as of fiscal year 2024.
What is Mobile Global Esports, Inc's current ratio?
Mobile Global Esports, Inc (MGAM) had a current ratio of 12.98 as of fiscal year 2024, which is generally considered healthy.
What is Mobile Global Esports, Inc's debt-to-equity ratio?
Mobile Global Esports, Inc (MGAM) had a debt-to-equity ratio of 0.08 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Mobile Global Esports, Inc's return on assets (ROA)?
Mobile Global Esports, Inc (MGAM) had a return on assets of -214.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Mobile Global Esports, Inc's cash runway?
Based on fiscal year 2024 data, Mobile Global Esports, Inc (MGAM) had $929K in cash against an annual operating cash burn of $2.1M. This gives an estimated cash runway of approximately 5 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Mobile Global Esports, Inc's Piotroski F-Score?
Mobile Global Esports, Inc (MGAM) has a Piotroski F-Score of 3 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 Mobile Global Esports, Inc's earnings high quality?
Mobile Global Esports, Inc (MGAM) has an earnings quality ratio of 0.91x, considered low quality (accrual-driven). 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 Mobile Global Esports, Inc cover its interest payments?
Mobile Global Esports, Inc (MGAM) has an interest coverage ratio of -1652.8x, 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 Mobile Global Esports, Inc?
Mobile Global Esports, Inc (MGAM) scores 75 out of 100 on our Financial Profile, indicating strong 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.