What is Motorsport Games Inc's earnings per share (EPS)?

Motorsport Games Inc (MSGM) reported diluted earnings per share of $1.43 for fiscal year 2025. This represents a 252.1% 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.

Motorsport Games Inc Financials

MSGM

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Motorsport Games Inc (MSGM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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

Financial Profile 83/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Motorsport Games Inc has an operating margin of 28.8%, meaning the company retains $29 of operating profit per $100 of revenue. This strong profitability earns a score of 86/100, reflecting efficient cost management and pricing power. This is up from -20.1% the prior year.

Growth

Motorsport Games Inc's revenue surged 30.0% year-over-year to $11.3M, reflecting rapid business expansion. This strong growth earns a score of 83/100.

Leverage

Motorsport Games Inc carries a low D/E ratio of 0.65, meaning only $0.65 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 89/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Motorsport Games Inc's current ratio of 2.25 indicates adequate short-term liquidity, earning a score of 42/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

100

Motorsport Games Inc converts 35.9% of revenue into free cash flow ($4.1M). This strong cash generation earns a score of 100/100.

Returns

100

Motorsport Games Inc earns a strong 102.3% return on equity (ROE), meaning it generates $102 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from -554.7% the prior year.

Altman Z-Score Distress

-4.94

Motorsport Games Inc scores -4.94, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($19.9M) relative to total liabilities ($4.4M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral

5/9

Motorsport Games Inc passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

0.59x

For every $1 of reported earnings, Motorsport Games Inc generates $0.59 in operating cash flow ($4.1M OCF vs $6.9M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage Safe

172.9x

Motorsport Games Inc earns $172.9 in operating income for every $1 of interest expense ($3.2M vs $19K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$11.3M

YoY+30.0%

5Y CAGR-9.9%

Motorsport Games Inc generated $11.3M in revenue in fiscal year 2025. This represents an increase of 30.0% from the prior year.

EBITDA

$4.4M

YoY+420.6%

5Y CAGR+43.4%

Motorsport Games Inc's EBITDA was $4.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 420.6% from the prior year.

Net Income

$6.9M

YoY+351.7%

Motorsport Games Inc reported $6.9M in net income in fiscal year 2025. This represents an increase of 351.7% from the prior year.

EPS (Diluted)

$1.43

YoY+252.1%

Motorsport Games Inc earned $1.43 per diluted share (EPS) in fiscal year 2025. This represents an increase of 252.1% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$4.1M

YoY+241.8%

5Y CAGR+0.7%

Motorsport Games Inc generated $4.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 241.8% from the prior year.

Cash & Debt

$5.0M

YoY+481.1%

5Y CAGR+4.6%

Motorsport Games Inc held $5.0M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

81.5%

YoY+18.6pp

5Y CAGR+16.1pp

Motorsport Games Inc's gross margin was 81.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 18.6 percentage points from the prior year.

Operating Margin

28.8%

YoY+48.9pp

5Y CAGR+28.8pp

Motorsport Games Inc's operating margin was 28.8% in fiscal year 2025, reflecting core business profitability. This is up 48.9 percentage points from the prior year.

Net Margin

61.3%

YoY+93.0pp

5Y CAGR+70.5pp

Motorsport Games Inc's net profit margin was 61.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 93.0 percentage points from the prior year.

Return on Equity

102.3%

YoY+657.0pp

Motorsport Games Inc's ROE was 102.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 657.0 percentage points from the prior year.

Capital Allocation

R&D Spending

$1.8M

YoY-47.9%

5Y CAGR-17.7%

Motorsport Games Inc invested $1.8M in research and development in fiscal year 2025. This represents a decrease of 47.9% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$12K

YoY-51.8%

5Y CAGR-38.5%

Motorsport Games Inc invested $12K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 51.8% from the prior year.

MSGM Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$11.3M+30.0%	$8.7M+25.7%	$6.9M-33.1%	$10.3M-31.5%	$15.1M-20.8%	$19.0M
Cost of Revenue	$2.1M-35.1%	$3.2M-10.9%	$3.6M-27.0%	$5.0M-34.1%	$7.5M+14.1%	$6.6M
Gross Profit	$9.2M+68.5%	$5.5M+66.1%	$3.3M-38.7%	$5.4M-28.9%	$7.5M-39.4%	$12.4M
R&D Expenses	$1.8M-47.9%	$3.4M-53.3%	$7.2M-30.5%	$10.4M+8.3%	$9.6M+107.0%	$4.6M
SG&A Expenses	$5.1M-25.4%	$6.9M-26.5%	$9.4M-31.9%	$13.8M-45.8%	$25.4M+485.4%	$4.3M
Operating Income	$3.2M+285.7%	-$1.7M+89.3%	-$16.4M+53.3%	-$35.0M-1.4%	-$34.5M-3010270.7%	$1K
Interest Expense	$19K-84.4%	$121K-84.4%	$773K-32.7%	$1.1M+127.7%	$504K-29.7%	$717K
Income Tax	-$245K	N/A	N/A	N/A	N/A	N/A
Net Income	$6.9M+351.7%	-$2.8M+80.8%	-$14.3M+60.2%	-$36.0M-8.5%	-$33.2M-1787.8%	-$1.8M
EPS (Diluted)	$1.43+252.1%	$-0.94+83.1%	$-5.56-118.1%	$30.73	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$3.8M+24.1%	$3.1M+19.6%	$2.6M+47.4%	$1.8M-10.9%	$2.0M+9.5%	$1.8M-4.2%	$1.9M-37.9%	$3.0M
Cost of Revenue	$575K-3.8%	$598K+31.4%	$455K-2.3%	$465K-56.5%	$1.1M+49.4%	$717K-7.1%	$772K+15.8%	$667K
Gross Profit	$3.3M+30.8%	$2.5M+17.1%	$2.1M+65.3%	$1.3M+43.2%	$903K-16.9%	$1.1M-2.1%	$1.1M-53.0%	$2.4M
R&D Expenses	$469K+12.0%	$419K+55.0%	$270K-55.1%	$602K+0.7%	$598K-29.6%	$849K-2.3%	$869K-18.3%	$1.1M
SG&A Expenses	$2.0M+71.2%	$1.1M+32.1%	$865K-26.0%	$1.2M-12.4%	$1.3M-31.5%	$1.9M+37.9%	$1.4M-35.5%	$2.2M
Operating Income	$575K-28.0%	$799K-59.4%	$2.0M+2211.8%	-$93K+85.9%	-$661K+65.8%	-$1.9M-193.8%	$2.1M+269.4%	-$1.2M
Interest Expense	-$398-127.8%	$1K-69.7%	$5K-63.6%	$13K-57.0%	$30K+1.4%	$30K+0.4%	$30K-3.7%	$31K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$839K+6.3%	$789K-81.5%	$4.3M+309.0%	$1.0M+139.4%	-$2.6M-375.9%	-$555K-126.3%	$2.1M+226.5%	-$1.7M
EPS (Diluted)	N/A	$0.14-82.9%	$0.82+148.5%	$0.33	N/A	$-0.18-123.4%	$0.77+226.2%	$-0.61

MSGM Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$12.0M+90.9%	$6.3M-35.8%	$9.8M-48.4%	$18.9M-62.7%	$50.7M+191.6%	$17.4M
Current Assets	$7.6M+171.3%	$2.8M-20.5%	$3.5M-13.0%	$4.0M-83.6%	$24.6M+135.1%	$10.5M
Cash & Equivalents	$5.0M+481.1%	$859K-48.7%	$1.7M+71.1%	$979K-94.5%	$17.8M+346.5%	$4.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$2.2M+55.1%	$1.4M+96.6%	$736K-59.3%	$1.8M-67.0%	$5.5M-8.1%	$6.0M
Goodwill	N/A	N/A	N/A	N/A	$4.9M+3434.4%	$138K
Total Liabilities	$4.4M-13.0%	$5.0M-34.3%	$7.7M-54.9%	$17.0M+33.6%	$12.7M-19.3%	$15.8M
Current Liabilities	$3.4M-33.0%	$5.0M-33.9%	$7.6M-43.0%	$13.3M+46.0%	$9.1M-38.8%	$14.9M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$6.8M+1265.4%	$496K-52.1%	$1.0M-32.4%	$1.5M-95.8%	$36.7M+3665.9%	-$1.0M
Retained Earnings	-$84.9M+7.5%	-$91.8M-3.1%	-$89.0M-20.4%	-$74.0M-94.7%	-$38.0M-687.1%	-$4.8M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$12.0M+18.5%	$10.1M+23.9%	$8.2M+34.5%	$6.1M-3.3%	$6.3M-10.1%	$7.0M-3.3%	$7.2M-26.6%	$9.8M
Current Assets	$7.6M+19.6%	$6.3M+33.4%	$4.8M+75.0%	$2.7M-2.8%	$2.8M+18.6%	$2.4M+8.3%	$2.2M-47.5%	$4.2M
Cash & Equivalents	$5.0M+20.9%	$4.1M+74.5%	$2.4M+125.2%	$1.1M+22.2%	$859K-21.9%	$1.1M+266.7%	$300K-40.0%	$500K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$2.2M+50.4%	$1.5M-6.2%	$1.6M+83.3%	$868K-40.0%	$1.4M+61.9%	$894K+6.5%	$840K-41.0%	$1.4M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$4.4M+32.7%	$3.3M+28.0%	$2.6M-44.4%	$4.6M-7.8%	$5.0M+75.1%	$2.9M-31.1%	$4.2M-52.7%	$8.8M
Current Liabilities	$3.4M+2.1%	$3.3M+28.2%	$2.6M-44.5%	$4.6M-7.7%	$5.0M+5.3%	$4.8M+15.5%	$4.1M-52.9%	$8.8M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$6.8M+15.8%	$5.9M+21.5%	$4.8M+643.1%	$648K+30.7%	$496K-87.9%	$4.1M-4.9%	$4.3M+109.2%	$2.1M
Retained Earnings	-$84.9M+1.0%	-$85.7M+0.9%	-$86.5M+4.7%	-$90.7M+1.1%	-$91.8M-6.3%	-$86.3M0.0%	-$86.4M+2.6%	-$88.7M

MSGM Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$4.1M+243.5%	-$2.8M+79.2%	-$13.7M+30.1%	-$19.5M+6.8%	-$20.9M-616.7%	$4.1M
Capital Expenditures	$12K-51.8%	$25K-21.0%	$32K-89.2%	$292K-61.2%	$754K+451.6%	$137K
Free Cash Flow	$4.1M+241.8%	-$2.9M+79.1%	-$13.7M+30.9%	-$19.8M+8.7%	-$21.7M-654.0%	$3.9M
Investing Cash Flow	-$1.1M-195.0%	$1.2M-71.9%	$4.2M+1539.9%	-$292K+98.0%	-$14.4M-700.5%	-$1.8M
Financing Cash Flow	$1.1M+27.5%	$834K-91.6%	$9.9M+480.1%	$1.7M-96.5%	$49.3M+21910.1%	-$226K
Dividends Paid	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

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$1.7M-15.4%	$2.1M+6851.2%	-$30K-110.0%	$305K+128.0%	-$1.1M-60.0%	-$680K+2.2%	-$696K-86.2%	-$374K
Capital Expenditures	$8K	N/A	N/A	N/A	-$130	$0	N/A	N/A
Free Cash Flow	$1.7M	N/A	N/A	N/A	-$1.1M-60.0%	-$680K	N/A	N/A
Investing Cash Flow	-$446K-45.3%	-$307K	N/A	N/A	$1.2M	$0	N/A	N/A
Financing Cash Flow	-$440K-193.4%	-$150K-108.3%	$1.8M+1302.4%	-$150K	$0-100.0%	$884K	$0+100.0%	-$50K
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	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	81.5%+18.6pp	62.9%+15.3pp	47.6%-4.4pp	52.0%+1.9pp	50.1%-15.3pp	65.4%
Operating Margin	28.8%+48.9pp	-20.1%+216.8pp	-236.9%+102.3pp	-339.3%-110.2pp	-229.0%-229.0pp	0.0%
Net Margin	61.3%+93.0pp	-31.7%+175.6pp	-207.3%+141.3pp	-348.6%-128.6pp	-220.0%-210.8pp	-9.2%
Return on Equity	102.3%+657.0pp	-554.7%+827.2pp	-1382.0%+964.7pp	-2346.7%-2256.3pp	-90.3%	N/A
Return on Assets	57.9%+101.8pp	-43.9%+102.8pp	-146.8%+43.7pp	-190.5%-125.1pp	-65.4%-55.3pp	-10.1%
Current Ratio	2.25+1.7	0.56+0.1	0.46+0.2	0.30-2.4	2.70+2.0	0.70
Debt-to-Equity	0.65-9.5	10.16+2.8	7.40-3.7	11.08+10.7	0.35+15.7	-15.32
FCF Margin	35.9%+68.9pp	-33.0%+165.1pp	-198.0%-6.1pp	-191.9%-48.0pp	-143.9%-164.5pp	20.6%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	85.0%+4.3pp	80.7%-1.7pp	82.5%+8.9pp	73.5%+27.8pp	45.8%-14.5pp	60.3%+1.3pp	59.0%-19.0pp	78.0%
Operating Margin	14.9%-10.8pp	25.8%-50.2pp	75.9%+81.2pp	-5.3%+28.2pp	-33.5%+73.6pp	-107.1%-216.6pp	109.4%+149.5pp	-40.1%
Net Margin	21.8%-3.7pp	25.5%-138.8pp	164.3%+105.1pp	59.2%+192.9pp	-133.7%-103.0pp	-30.8%-142.7pp	111.9%+166.9pp	-55.0%
Return on Equity	12.4%-1.1pp	13.5%-74.9pp	88.4%-72.2pp	160.5%+692.4pp	-531.9%-518.3pp	-13.6%-62.5pp	48.9%+129.9pp	-81.0%
Return on Assets	7.0%-0.8pp	7.8%-44.4pp	52.2%+35.1pp	17.2%+59.3pp	-42.1%-34.2pp	-8.0%-37.2pp	29.2%+46.2pp	-17.0%
Current Ratio	2.25+0.3	1.92+0.1	1.85+1.3	0.59+0.0	0.56+0.1	0.49-0.0	0.53+0.1	0.47
Debt-to-Equity	0.65+0.1	0.56+0.0	0.54-6.6	7.17-3.0	10.16+9.5	0.70-0.3	0.97-3.3	4.29
FCF Margin	45.0%	N/A	N/A	N/A	-55.1%-17.4pp	-37.7%	N/A	N/A

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Frequently Asked Questions

What is Motorsport Games Inc's annual revenue?

Motorsport Games Inc (MSGM) reported $11.3M in total revenue for fiscal year 2025. This represents a 30.0% 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 30% year-over-year, from $8.7M to $11.3M in fiscal year 2025.

Is Motorsport Games Inc profitable?

Yes, Motorsport Games Inc (MSGM) reported a net income of $6.9M in fiscal year 2025, with a net profit margin of 61.3%.

What is Motorsport Games Inc's EBITDA?

Motorsport Games Inc (MSGM) had EBITDA of $4.4M in fiscal year 2025, 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 81.5% in fiscal year 2025, 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 28.8% in fiscal year 2025, 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 61.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Motorsport Games Inc's return on equity (ROE)?

Motorsport Games Inc (MSGM) has a return on equity of 102.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Motorsport Games Inc's free cash flow?

Motorsport Games Inc (MSGM) generated $4.1M in free cash flow during fiscal year 2025. This represents a 241.8% 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 $4.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Motorsport Games Inc's total assets?

Motorsport Games Inc (MSGM) had $12.0M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Motorsport Games Inc's capital expenditures?

Motorsport Games Inc (MSGM) invested $12K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Motorsport Games Inc spend on research and development?

Motorsport Games Inc (MSGM) invested $1.8M in research and development during fiscal year 2025.

What is Motorsport Games Inc's current ratio?

Motorsport Games Inc (MSGM) had a current ratio of 2.25 as of fiscal year 2025, which is generally considered healthy.

What is Motorsport Games Inc's debt-to-equity ratio?

Motorsport Games Inc (MSGM) had a debt-to-equity ratio of 0.65 as of fiscal year 2025, 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 57.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Motorsport Games Inc's Altman Z-Score?

Motorsport Games Inc (MSGM) has an Altman Z-Score of -4.94, 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 Motorsport Games Inc's Piotroski F-Score?

Motorsport Games Inc (MSGM) has a Piotroski F-Score of 5 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 0.59x, 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 Motorsport Games Inc cover its interest payments?

Motorsport Games Inc (MSGM) has an interest coverage ratio of 172.9x, meaning it can comfortably 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 83 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.