What is Mobile Global Esports, Inc's earnings per share (EPS)?

Mobile Global Esports, Inc (MGAM) reported diluted earnings per share of $-0.05 for fiscal year 2025. This represents a 54.5% 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.

Mobile Global Esports, Inc Financials

MGAM

Source SEC Filings (10-K/10-Q) Updated May 15, 2026 Currency USD FYE December

This page shows Mobile Global Esports, Inc (MGAM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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).

Rhea AI MGAM FY2025 2026-05-15

External funding, not revenue, has been carrying the business as cash burn overwhelms a still-tiny operating base.

From FY2023 to FY2025, operating cash burn narrowed from -$3.57M to -$1.07M. But liquidity still deteriorated, with cash at $573K against current liabilities of $1.82M, which points to spending restraint rather than a business reaching self-funding scale.

In FY2025, revenue was only $3.7K while SG&A was $2.16M, so the cost structure is not being absorbed by customer activity. That makes the income statement behave more like a fixed overhead budget than like a scaled commercial engine.

The balance sheet moved from a cash-cushion posture in FY2024 to negative equity in FY2025, as assets of $1.65M fell below liabilities of $1.83M. The current ratio collapsed from 13.0x to 0.3x, and the return of positive financing cash flow shows outside capital is bridging operations rather than simply adding optionality.

Financial Health Signals

Financial Profile 19/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Mobile Global Esports, Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Mobile Global Esports, Inc has an operating margin of -58371.1%, meaning the company retains $-58371 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 down from -6424.3% the prior year.

Growth

Mobile Global Esports, Inc's revenue declined 85.5% year-over-year, from $25K to $4K. This contraction results in a growth score of 11/100.

Leverage

100

Mobile Global Esports, Inc carries a low D/E ratio of -11.33, meaning only $-11.33 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.

Liquidity

Mobile Global Esports, Inc's current ratio of 0.35 is below the typical benchmark, resulting in a score of 1/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Piotroski F-Score Weak

3/9

Mobile Global Esports, Inc passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Low Quality

0.47x

For every $1 of reported earnings, Mobile Global Esports, Inc generates $0.47 in operating cash flow (-$1.1M 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.

Interest Coverage At Risk

-119.9x

Mobile Global Esports, Inc earns $-119.9 in operating income for every $1 of interest expense (-$2.2M vs $18K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$4K

YoY-85.5%

Mobile Global Esports, Inc generated $4K in revenue in fiscal year 2025. This represents a decrease of 85.5% from the prior year.

EBITDA

-$2.1M

YoY-30.8%

Mobile Global Esports, Inc's EBITDA was -$2.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 30.8% from the prior year.

Net Income

-$2.3M

YoY+2.6%

Mobile Global Esports, Inc reported -$2.3M in net income in fiscal year 2025. This represents an increase of 2.6% from the prior year.

EPS (Diluted)

$-0.05

YoY+54.5%

Mobile Global Esports, Inc earned $-0.05 per diluted share (EPS) in fiscal year 2025. This represents an increase of 54.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$573K

YoY-38.3%

Mobile Global Esports, Inc held $573K in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

28M

YoY+0.0%

Mobile Global Esports, Inc had 28M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

100.0%

Mobile Global Esports, Inc's gross margin was 100.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs.

Operating Margin

-58371.1%

YoY-51946.8pp

Mobile Global Esports, Inc's operating margin was -58371.1% in fiscal year 2025, reflecting core business profitability. This is down 51946.8 percentage points from the prior year.

Net Margin

-61150.7%

YoY-52020.3pp

Mobile Global Esports, Inc's net profit margin was -61150.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 52020.3 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

MGAM Income Statement

Metric	FY25	FY24	FY23	FY22
Revenue	$4K-85.5%	$25K+412.1%	$5K	N/A
Cost of Revenue	N/A	N/A	N/A	N/A
Gross Profit	$4K	N/A	$5K	N/A
R&D Expenses	N/A	N/A	N/A	N/A
SG&A Expenses	$2.2M+32.4%	$1.6M-62.2%	$4.3M+235.8%	$1.3M
Operating Income	-$2.2M-32.2%	-$1.6M+76.0%	-$6.8M-429.1%	-$1.3M
Interest Expense	$18K+1178.4%	$1K-28.8%	$2K+49.5%	$1K
Income Tax	N/A	N/A	N/A	N/A
Net Income	-$2.3M+2.6%	-$2.3M+65.7%	-$6.8M-426.3%	-$1.3M
EPS (Diluted)	$-0.05+54.5%	$-0.11+65.6%	$-0.32-357.1%	$-0.07

Metric	Q2'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$6K	N/A	$57	N/A	$2K	N/A	$2K	N/A
Cost of Revenue	$103K	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	-$97K	N/A	$57	N/A	$2K	N/A	$2K	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$628K	N/A	$858K+91.8%	$447K+12.4%	$398K	N/A	$404K-18.6%	$497K
Operating Income	-$726K	N/A	-$858K-91.8%	-$447K-12.8%	-$397K	N/A	-$404K+18.6%	-$497K
Interest Expense	$8K	N/A	$9K+392.9%	$2K	N/A	N/A	N/A	$288
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$774K	N/A	-$948K-111.4%	-$448K-16.8%	-$384K	N/A	-$601K-21.6%	-$495K
EPS (Diluted)	$-0.01	N/A	$-0.02-100.0%	$-0.010.0%	$-0.01	N/A	$-0.03-50.0%	$-0.02

MGAM Balance Sheet

Metric	FY25	FY24	FY23	FY22
Total Assets	$1.7M+53.0%	$1.1M-68.4%	$3.4M-63.0%	$9.3M
Current Assets	$635K-40.5%	$1.1M-67.4%	$3.3M-59.8%	$8.1M
Cash & Equivalents	$573K-38.3%	$929K-71.0%	$3.2M-57.6%	$7.5M
Inventory	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A
Total Liabilities	$1.8M+2132.1%	$82K-74.7%	$324K+31.6%	$246K
Current Liabilities	$1.8M+2120.2%	$82K-69.8%	$272K+30.9%	$208K
Long-Term Debt	N/A	N/A	N/A	N/A
Total Equity	-$162K-115.9%	$1.0M-67.3%	$3.1M-65.6%	$9.0M
Retained Earnings	-$12.9M-21.2%	-$10.6M-27.9%	-$8.3M-437.2%	-$1.5M

Metric	Q2'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$1.3M-20.4%	$1.7M+70.0%	$973K+32.1%	$737K-8.9%	$809K-25.2%	$1.1M-33.9%	$1.6M-28.2%	$2.3M
Current Assets	$291K-54.2%	$635K-26.5%	$863K+23.9%	$697K-13.9%	$809K-24.1%	$1.1M-25.7%	$1.4M-31.4%	$2.1M
Cash & Equivalents	$185K-67.8%	$573K-29.2%	$810K+36.1%	$595K-15.1%	$701K-24.5%	$929K-28.5%	$1.3M-35.0%	$2.0M
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	$1.3M-28.5%	$1.8M+143.5%	$753K+235.5%	$224K+260.2%	$62K-24.1%	$82K-25.5%	$110K-42.8%	$193K
Current Liabilities	$1.3M-28.6%	$1.8M+137.1%	$769K	N/A	N/A	$82K-12.9%	$94K-40.1%	$157K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$6K+103.5%	-$162K-173.3%	$221K-56.9%	$512K-31.4%	$747K-26.4%	$1.0M-34.1%	$1.5M-26.6%	$2.1M
Retained Earnings	-$13.7M-6.0%	-$12.9M-3.9%	-$12.4M-8.3%	-$11.5M-4.1%	-$11.0M-3.6%	-$10.6M-6.0%	-$10.0M-6.4%	-$9.4M

MGAM Cash Flow Statement

Metric	FY25	FY24	FY23	FY22
Operating Cash Flow	-$1.1M+49.4%	-$2.1M+41.0%	-$3.6M-147.5%	-$1.4M
Capital Expenditures	N/A	N/A	N/A	$18K
Free Cash Flow	N/A	N/A	N/A	-$1.5M
Investing Cash Flow	-$418K-518.4%	-$68K+89.6%	-$650K+37.7%	-$1.0M
Financing Cash Flow	$1.1M+1838.8%	-$65K+59.5%	-$161K-101.6%	$9.8M
Dividends Paid	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A

Metric	Q2'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$328K-25.1%	-$262K+10.1%	-$292K-2.5%	-$285K-24.9%	-$228K+36.0%	-$356K+50.2%	-$716K-6.3%	-$674K
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	-$84K+72.7%	-$308K-340.3%	-$70K	N/A	N/A	-$2K+91.7%	-$25K+28.8%	-$35K
Financing Cash Flow	$23K-93.0%	$334K-42.1%	$577K	N/A	N/A	$0	$0+100.0%	-$26K
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	FY25	FY24	FY23	FY22
Gross Margin	100.0%	N/A	100.0%	N/A
Operating Margin	-58371.1%-51946.8pp	-6424.3%+130736.8pp	-137161.1%	N/A
Net Margin	-61150.7%-52020.3pp	-9130.5%+127374.6pp	-136505.1%	N/A
Return on Equity	N/A	-228.8%-10.5pp	-218.2%-204.0pp	-14.3%
Return on Assets	-136.7%+77.9pp	-214.6%-16.6pp	-198.0%-184.1pp	-13.9%
Current Ratio	0.35-12.6	12.98+1.0	12.02-27.1	39.14
Debt-to-Equity	-11.33-11.4	0.08-0.0	0.10+0.1	0.03
FCF Margin	N/A	N/A	N/A	N/A

Metric	Q2'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	-1537.1%	N/A	100.0%	N/A	100.0%	N/A	100.0%	N/A
Operating Margin	-11480.8%	N/A	-1505301.8%	N/A	-25357.0%	N/A	-25604.5%	N/A
Net Margin	-12252.4%	N/A	-1662908.8%	N/A	-24539.8%	N/A	-38085.3%	N/A
Return on Equity	-13869.8%	N/A	-429.6%-342.1pp	-87.5%-36.1pp	-51.4%	N/A	-39.1%-15.5pp	-23.6%
Return on Assets	-58.8%	N/A	-97.4%-36.5pp	-60.9%-13.4pp	-47.4%	N/A	-36.8%-15.0pp	-21.7%
Current Ratio	0.22-0.1	0.35-0.8	1.12	N/A	N/A	12.98-2.2	15.22+1.9	13.28
Debt-to-Equity	234.70+246.0	-11.33-14.7	3.41+3.0	0.44+0.4	0.080.0	0.080.0	0.07-0.0	0.09
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$162K), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.35), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Mobile Global Esports, Inc's annual revenue?

Mobile Global Esports, Inc (MGAM) reported $4K in total revenue for fiscal year 2025. This represents a -85.5% 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 Mobile Global Esports, Inc's revenue growing?

Mobile Global Esports, Inc (MGAM) revenue declined by 85.5% year-over-year, from $25K to $4K in fiscal year 2025.

Is Mobile Global Esports, Inc profitable?

No, Mobile Global Esports, Inc (MGAM) reported a net income of -$2.3M in fiscal year 2025, with a net profit margin of -61150.7%.

What is Mobile Global Esports, Inc's EBITDA?

Mobile Global Esports, Inc (MGAM) had EBITDA of -$2.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Mobile Global Esports, Inc's gross margin?

Mobile Global Esports, Inc (MGAM) had a gross margin of 100.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Mobile Global Esports, Inc's operating margin?

Mobile Global Esports, Inc (MGAM) had an operating margin of -58371.1% in fiscal year 2025, 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 -61150.7% in fiscal year 2025, 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 -$1.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Mobile Global Esports, Inc's total assets?

Mobile Global Esports, Inc (MGAM) had $1.7M in total assets as of fiscal year 2025, 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 2025.

What is Mobile Global Esports, Inc's current ratio?

Mobile Global Esports, Inc (MGAM) had a current ratio of 0.35 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Mobile Global Esports, Inc's debt-to-equity ratio?

Mobile Global Esports, Inc (MGAM) had a debt-to-equity ratio of -11.33 as of fiscal year 2025, 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 -136.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Mobile Global Esports, Inc's cash runway?

Based on fiscal year 2025 data, Mobile Global Esports, Inc (MGAM) had $573K in cash against an annual operating cash burn of $1.1M. This gives an estimated cash runway of approximately 6 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.

Why is Mobile Global Esports, Inc's debt-to-equity ratio negative or unusual?

Mobile Global Esports, Inc (MGAM) has negative shareholder equity of -$162K as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

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 to 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 0.47x, 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 -119.9x, 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 19 out of 100 on our Financial Profile, indicating weak 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.