Motorsport Games Inc Financials
This page shows Motorsport Games Inc (MSGM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Motorsport Games Inc has an operating margin of -20.1%, meaning the company retains $-20 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 -236.9% the prior year.
Motorsport Games Inc's revenue surged 25.7% year-over-year to $8.7M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Motorsport Games Inc has elevated debt relative to equity (D/E of 10.16), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Motorsport Games Inc's current ratio of 0.56 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 2/100, which could limit financial flexibility.
While Motorsport Games Inc generated -$2.8M in operating cash flow, capex of $25K consumed most of it, leaving -$2.9M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Motorsport Games Inc passes 4 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Motorsport Games Inc generates $1.03 in operating cash flow (-$2.8M OCF vs -$2.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Motorsport Games Inc earns $-14.5 in operating income for every $1 of interest expense (-$1.7M vs $121K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Motorsport Games Inc generated $8.7M in revenue in fiscal year 2024. This represents an increase of 25.7% from the prior year.
Motorsport Games Inc's EBITDA was $840K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 105.9% from the prior year.
Motorsport Games Inc generated -$2.9M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 79.1% from the prior year.
Motorsport Games Inc reported -$2.8M in net income in fiscal year 2024. This represents an increase of 80.8% from the prior year.
Motorsport Games Inc earned $-0.94 per diluted share (EPS) in fiscal year 2024. This represents an increase of 83.1% from the prior year.
Motorsport Games Inc held $859K in cash against $0 in long-term debt as of fiscal year 2024.
Motorsport Games Inc's gross margin was 62.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 15.3 percentage points from the prior year.
Motorsport Games Inc's operating margin was -20.1% in fiscal year 2024, reflecting core business profitability. This is up 216.8 percentage points from the prior year.
Motorsport Games Inc's net profit margin was -31.7% in fiscal year 2024, showing the share of revenue converted to profit. This is up 175.6 percentage points from the prior year.
Motorsport Games Inc invested $3.4M in research and development in fiscal year 2024. This represents a decrease of 53.3% from the prior year.
Motorsport Games Inc invested $25K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 21.0% from the prior year.
MSGM Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.1M+19.6% | $2.6M+47.4% | $1.8M-10.9% | $2.0M+4.9% | $1.9M-37.9% | $3.0M+73.4% | $1.7M+3.2% | $1.7M |
| Cost of Revenue | $598K+31.4% | $455K-2.3% | $465K-56.5% | $1.1M+38.8% | $772K+15.8% | $667K-1.1% | $674K-18.9% | $831K |
| Gross Profit | $2.5M+17.1% | $2.1M+65.3% | $1.3M+43.2% | $903K-18.6% | $1.1M-53.0% | $2.4M+120.1% | $1.1M+24.4% | $862K |
| R&D Expenses | $419K+55.0% | $270K-55.1% | $602K+0.7% | $598K-31.2% | $869K-18.3% | $1.1M-28.4% | $1.5M-5.2% | $1.6M |
| SG&A Expenses | $1.1M+32.1% | $865K-26.0% | $1.2M-12.4% | $1.3M-5.5% | $1.4M-35.5% | $2.2M+14.8% | $1.9M+24.9% | $1.5M |
| Operating Income | $799K-59.4% | $2.0M+2211.8% | -$93K+85.9% | -$661K-132.1% | $2.1M+269.4% | -$1.2M-497.0% | $306K+111.5% | -$2.7M |
| Interest Expense | $1K-69.7% | $5K-63.6% | $13K-57.0% | $30K+1.8% | $30K-3.7% | $31K-68.8% | $99K-57.0% | $230K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | $789K-81.5% | $4.3M+309.0% | $1.0M+139.4% | -$2.6M-225.3% | $2.1M+226.5% | -$1.7M-165.2% | $2.6M+171.7% | -$3.6M |
| EPS (Diluted) | $0.14-82.9% | $0.82+148.5% | $0.33+135.9% | $-0.92-219.5% | $0.77+226.2% | $-0.61-154.5% | $1.12+185.5% | $-1.31 |
MSGM Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $10.1M+23.9% | $8.2M+34.5% | $6.1M-3.3% | $6.3M-13.0% | $7.2M-26.6% | $9.8M+0.7% | $9.8M-14.5% | $11.4M |
| Current Assets | $6.3M+33.4% | $4.8M+75.0% | $2.7M-2.8% | $2.8M+28.5% | $2.2M-47.5% | $4.2M+18.0% | $3.5M+23.4% | $2.8M |
| Cash & Equivalents | $4.1M+74.5% | $2.4M+125.2% | $1.1M+22.2% | $859K+186.4% | $300K-40.0% | $500K-70.2% | $1.7M+41.7% | $1.2M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $1.5M-6.2% | $1.6M+83.3% | $868K-40.0% | $1.4M+72.3% | $840K-41.0% | $1.4M+93.4% | $736K+4.4% | $705K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $3.3M+28.0% | $2.6M-44.4% | $4.6M-7.8% | $5.0M+20.6% | $4.2M-52.7% | $8.8M+15.2% | $7.7M-29.7% | $10.9M |
| Current Liabilities | $3.3M+28.2% | $2.6M-44.5% | $4.6M-7.7% | $5.0M+21.6% | $4.1M-52.9% | $8.8M+15.6% | $7.6M-4.7% | $8.0M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $5.9M+21.5% | $4.8M+643.1% | $648K+30.7% | $496K-88.5% | $4.3M+109.2% | $2.1M+98.5% | $1.0M+151.2% | $413K |
| Retained Earnings | -$85.7M+0.9% | -$86.5M+4.7% | -$90.7M+1.1% | -$91.8M-6.3% | -$86.4M+2.6% | -$88.7M+0.4% | -$89.0M+1.9% | -$90.7M |
MSGM Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.1M+6851.2% | -$30K-110.0% | $305K+128.0% | -$1.1M-56.4% | -$696K-86.2% | -$374K+89.5% | -$3.5M-182.3% | -$1.3M |
| Capital Expenditures | N/A | N/A | N/A | -$130 | N/A | N/A | $5K+105.6% | $2K |
| Free Cash Flow | N/A | N/A | N/A | -$1.1M | N/A | N/A | -$3.6M-182.2% | -$1.3M |
| Investing Cash Flow | -$307K | N/A | N/A | $1.2M | N/A | N/A | $4.2M+179585.2% | -$2K |
| Financing Cash Flow | -$150K-108.3% | $1.8M+1302.4% | -$150K | $0 | $0+100.0% | -$50K+66.7% | -$150K0.0% | -$150K |
| 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 |
MSGM Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 80.7%-1.7pp | 82.5%+8.9pp | 73.5%+27.8pp | 45.8%-13.2pp | 59.0%-19.0pp | 78.0%+16.6pp | 61.4%+10.5pp | 50.9% |
| Operating Margin | 25.8%-50.2pp | 75.9%+81.2pp | -5.3%+28.2pp | -33.5%-142.9pp | 109.4%+149.5pp | -40.1%-57.6pp | 17.5%+174.8pp | -157.3% |
| Net Margin | 25.5%-138.8pp | 164.3%+105.1pp | 59.2%+192.9pp | -133.7%-245.6pp | 111.9%+166.9pp | -55.0%-201.1pp | 146.1%+356.5pp | -210.4% |
| Return on Equity | 13.5%-74.9pp | 88.4%-72.2pp | 160.5% | N/A | 48.9% | N/A | 246.4% | N/A |
| Return on Assets | 7.8%-44.4pp | 52.2%+35.1pp | 17.2%+59.3pp | -42.1%-71.3pp | 29.2%+46.2pp | -17.0%-43.1pp | 26.2%+57.4pp | -31.2% |
| Current Ratio | 1.92+0.1 | 1.85+1.3 | 0.59+0.0 | 0.56+0.0 | 0.53+0.1 | 0.470.0 | 0.46+0.1 | 0.36 |
| Debt-to-Equity | 0.56+0.0 | 0.54-6.6 | 7.17-3.0 | 10.16+9.2 | 0.97-3.3 | 4.29-3.1 | 7.40-19.1 | 26.46 |
| FCF Margin | N/A | N/A | N/A | -55.1% | N/A | N/A | -203.2%-128.9pp | -74.3% |
Note: The current ratio is below 1.0 (0.56), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Motorsport Games Inc's annual revenue?
Motorsport Games Inc (MSGM) reported $8.7M in total revenue for fiscal year 2024. This represents a 25.7% 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 Motorsport Games Inc's revenue growing?
Motorsport Games Inc (MSGM) revenue grew by 25.7% year-over-year, from $6.9M to $8.7M in fiscal year 2024.
Is Motorsport Games Inc profitable?
No, Motorsport Games Inc (MSGM) reported a net income of -$2.8M in fiscal year 2024, with a net profit margin of -31.7%.
What is Motorsport Games Inc's earnings per share (EPS)?
Motorsport Games Inc (MSGM) reported diluted earnings per share of $-0.94 for fiscal year 2024. This represents a 83.1% 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 Motorsport Games Inc's EBITDA?
Motorsport Games Inc (MSGM) had EBITDA of $840K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Motorsport Games Inc's gross margin?
Motorsport Games Inc (MSGM) had a gross margin of 62.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Motorsport Games Inc's operating margin?
Motorsport Games Inc (MSGM) had an operating margin of -20.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Motorsport Games Inc's net profit margin?
Motorsport Games Inc (MSGM) had a net profit margin of -31.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Motorsport Games Inc's free cash flow?
Motorsport Games Inc (MSGM) generated -$2.9M in free cash flow during fiscal year 2024. This represents a 79.1% 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 Motorsport Games Inc's operating cash flow?
Motorsport Games Inc (MSGM) generated -$2.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Motorsport Games Inc's total assets?
Motorsport Games Inc (MSGM) had $6.3M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Motorsport Games Inc's capital expenditures?
Motorsport Games Inc (MSGM) invested $25K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Motorsport Games Inc spend on research and development?
Motorsport Games Inc (MSGM) invested $3.4M in research and development during fiscal year 2024.
What is Motorsport Games Inc's current ratio?
Motorsport Games Inc (MSGM) had a current ratio of 0.56 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Motorsport Games Inc's debt-to-equity ratio?
Motorsport Games Inc (MSGM) had a debt-to-equity ratio of 10.16 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Motorsport Games Inc's return on assets (ROA)?
Motorsport Games Inc (MSGM) had a return on assets of -43.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Motorsport Games Inc's cash runway?
Based on fiscal year 2024 data, Motorsport Games Inc (MSGM) had $859K in cash against an annual operating cash burn of $2.8M. This gives an estimated cash runway of approximately 4 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 Motorsport Games Inc's Piotroski F-Score?
Motorsport Games Inc (MSGM) has a Piotroski F-Score of 4 out of 9, indicating neutral 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 Motorsport Games Inc's earnings high quality?
Motorsport Games Inc (MSGM) has an earnings quality ratio of 1.03x, 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 Motorsport Games Inc cover its interest payments?
Motorsport Games Inc (MSGM) has an interest coverage ratio of -14.5x, 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 Motorsport Games Inc?
Motorsport Games Inc (MSGM) scores 20 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.