Motorsport Games Inc. (MSGM) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 12, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MSGM SEC filings page.
Motorsport Games Inc. (MSGM) reported $11.3M in revenue for fiscal year 2025, up 30.0% from the prior fiscal year. This page shows its 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).
After years of losses, 2025 shows a smaller business becoming profitable while restoring balance-sheet liquidity and converting earnings into cash.
The margin step-up was not merely a volume effect: gross margin reached81.5% in FY2025 versus62.9% in FY2024. Combined SG&A and R&D fell to$6.9M from$10.3M , so improved profitability reflects both stronger gross economics and a lighter overhead burden.
FY2025 net income was
Current ratio moved from 0.6x in FY2024 to 2.3x in FY2025, indicating that short-term assets again exceeded current obligations. Debt-to-equity fell from 10.2x to 0.6x, meaning the improved equity position materially changed the company's financing posture.
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Motorsport Games 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.
Motorsport Games Inc. held $5.0M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations generated $4.1M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Motorsport Games Inc. scores 86/100 among other emerging companies.
Not available for Motorsport Games Inc., and counted as zero in the overall score.
Motorsport Games Inc. spent $1.8M on research and development in fiscal year 2025, which was 21.9% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and Motorsport Games Inc. scores 54/100 among other emerging companies.
Motorsport Games Inc. reported revenue of $11.3M in fiscal year 2025, against $8.7M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and Motorsport Games Inc. scores 71/100 among other emerging companies.
Motorsport Games Inc.'s operations generated $4.1M of cash in fiscal year 2025, against $2.8M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Motorsport Games Inc. scores 91/100 among other emerging companies.
Motorsport Games Inc.'s cash, cash equivalents and investments came to $5.0M at the end of fiscal year 2025, against $4.4M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Motorsport Games Inc. scores 62/100 among other emerging companies.
Motorsport Games Inc. scores -4.39, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($24.3M) relative to total liabilities ($4.4M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Motorsport Games Inc. passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
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.
Motorsport Games Inc. earns $172.94 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
Earnings & Revenue
Motorsport Games Inc. generated $3.5M in revenue in Q2 2026. This represents an increase of 36.6% from the same quarter a year earlier. Against the prior quarter it is down 12.2%.
Motorsport Games Inc.'s EBITDA was $646K in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 67.4% from the same quarter a year earlier. Against the prior quarter it is down 47.6%.
Motorsport Games Inc. reported $401K in net income in Q2 2026. This represents a decrease of 90.6% from the same quarter a year earlier. Against the prior quarter it is up 27.1%.
Motorsport Games Inc. earned $0.08 per diluted share (EPS) in Q2 2026. This represents a decrease of 90.2% from the same quarter a year earlier. Against the prior quarter it is up 33.3%.
Cash & Balance Sheet
Motorsport Games Inc. generated $1.1M in free cash flow in Q2 2026, representing cash available after capex. Against the prior quarter it is down 31.6%.
Motorsport Games Inc. held $3.9M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
Motorsport Games Inc.'s gross margin was 81.8% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 0.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 5.4 percentage points.
Motorsport Games Inc.'s operating margin was 18.0% in Q2 2026, reflecting core business profitability. This is down 57.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 8.2 percentage points.
Motorsport Games Inc.'s net profit margin was 11.3% in Q2 2026, showing the share of revenue converted to profit. Against the prior quarter it is up 3.5 percentage points. No change is given against Q2 2025: its reported ratio is above 100.0% of revenue, so it does not read as a share of revenue.
Motorsport Games Inc.'s ROE was 10.3% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 78.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.9 percentage points.
Capital Allocation
Motorsport Games Inc. invested $737K in research and development in Q2 2026. This represents an increase of 172.7% from the same quarter a year earlier. Against the prior quarter it is up 43.3%.
Motorsport Games Inc. invested $8K in capex in Q2 2026, funding long-term assets and infrastructure. Against the prior quarter it is down 64.1%.
Not reported for Q2 2026.
MSGM Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.5M+36.6% | $4.0M+129.3% | $3.8M+94.9% | $3.1M+71.9% | $2.6M+37.7% | $1.8M-41.9% | $2.0M+13.0% | $1.8M+6.4% |
| Cost of Revenue | $644K+41.7% | $517K+11.1% | $575K-46.3% | $598K-16.6% | $455K-41.0% | $465K-30.2% | $1.1M+58.8% | $717K-13.8% |
| Gross Profit | $2.9M+35.5% | $3.5M+171.8% | $3.3M+262.4% | $2.5M+130.4% | $2.1M+92.5% | $1.3M-45.3% | $903K-15.9% | $1.1M+26.0% |
| R&D Expenses | $737K+172.7% | $514K-14.6% | $469K-21.5% | $419K-50.6% | $270K-68.9% | $602K-43.4% | $598K-59.8% | $849K-45.8% |
| SG&A Expenses | $1.3M+52.8% | $1.7M+45.4% | $2.0M+46.6% | $1.1M-41.3% | $865K-38.7% | $1.2M-46.7% | $1.3M-30.0% | $1.9M+27.5% |
| Operating Income | $638K-67.6% | $1.1M+1233.6% | $575K+186.9% | $799K+141.4% | $2.0M-4.4% | -$93K+92.3% | -$661K-316.0% | -$1.9M+27.5% |
| EBITDA | $646K-67.4% | $1.2M+675.8% | $1.4M+17.1% | $808K+142.9% | $2.0M-6.7% | $159K+125.9% | $1.2M-30.1% | -$1.9M+27.2% |
| Interest Expense | $16K+235.3% | $3K-75.4% | -$398-101.3% | $1K-95.2% | $5K-84.1% | $13K-57.9% | $30K-69.4% | $30K-87.0% |
| Net Income | $401K-90.6% | $316K-69.7% | $839K+131.8% | $789K+242.3% | $4.3M+102.2% | $1.0M+162.5% | -$2.6M-203.4% | -$555K+84.4% |
| EPS (Basic) | $0.08-90.2% | $0.06-81.8% | $0.11+112.2% | $0.14+177.8% | $0.82+6.5% | $0.33+154.1% | -$0.90-176.9% | -$0.18+86.3% |
| EPS (Diluted) | $0.08-90.2% | $0.06 | $0.11 | $0.14 | $0.82 | $0.33+154.1% | -$0.90-176.9% | -$0.18+86.3% |
| Diluted Shares (Avg) | 5M+0.9% | 5M | N/A | 5M | 5M | 3M+16.9% | N/A | 3M+11.2% |
Not reported in any period shown, so not listed: Income Tax.
MSGM Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $11.3M+38.9% | $13.9M+128.9% | $12.0M+90.9% | $10.1M+44.9% | $8.2M+13.1% | $6.1M-38.3% | $6.3M-35.8% | $7.0M-38.9% |
| Current Assets | $6.4M+34.4% | $9.1M+233.5% | $7.6M+171.3% | $6.3M+169.1% | $4.8M+118.5% | $2.7M-34.5% | $2.8M-20.5% | $2.4M-17.3% |
| Cash & Equivalents | $3.9M+66.8% | $5.9M+457.8% | $5.0M+481.1% | $4.1M+275.3% | $2.4M+688.5% | $1.1M+110.1% | $859K-48.7% | $1.1M-7.0% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $1.7M+9.4% | $2.3M+161.2% | $2.2M+55.1% | $1.5M+66.8% | $1.6M+89.5% | $868K-39.0% | $1.4M+96.6% | $894K+26.9% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $6.1M+135.3% | $5.3M+14.6% | $4.4M-13.0% | $3.3M+14.8% | $2.6M-38.2% | $4.6M-47.4% | $5.0M-34.3% | $2.9M-73.6% |
| Current Liabilities | $3.5M+34.3% | $3.9M-15.7% | $3.4M-33.0% | $3.3M | $2.6M-37.7% | $4.6M-47.2% | $5.0M-33.9% | N/A |
| Non-Current Liabilities | $2.6M+22836.3% | $1.4M+13952.2% | $1.0M+4895.9% | $9K+100.5% | $11K-77.0% | $10K-82.0% | $20K-73.4% | -$1.9M-164.1% |
| Total Equity | $3.9M-19.4% | $7.1M+987.4% | $6.8M+1265.4% | $5.9M+43.0% | $4.8M+12.0% | $648K-68.5% | $496K-52.1% | $4.1M+892.1% |
| Retained Earnings | -$84.6M+2.2% | -$84.5M+6.8% | -$85.3M+7.0% | -$85.7M+0.7% | -$86.5M-0.2% | -$90.7M-2.4% | -$91.8M-3.1% | -$86.3M+4.8% |
Not reported in any period shown, so not listed: Inventory, Goodwill, Long-Term Debt.
MSGM Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.1M+384.4% | $1.6M+337.9% | $1.7M+260.0% | $1.7M+353.4% | $232K+133.3% | $377K+200.8% | -$1.1M+69.3% | -$680K+45.8% |
| Depreciation & Amortization | $7K-37.5% | $176K-30.2% | $327K-60.8% | $9K-80.0% | $12K-81.5% | $252K-58.1% | $834K+38.3% | $47K-37.6% |
| Stock-Based Compensation | N/A | $375K | N/A | N/A | N/A | N/A | N/A | $27K-74.5% |
| Capital Expenditures | $8K | $22K | $8K+6209.2% | N/A | N/A | N/A | -$130-97.3% | $0-100.0% |
| Free Cash Flow | $1.1M | $1.6M | $1.7M+259.2% | N/A | N/A | N/A | -$1.1M+69.3% | -$680K+45.9% |
| Investing Cash Flow | -$389K | -$650K | -$446K-137.0% | -$307K | N/A | N/A | $1.2M-71.5% | $0+100.0% |
| Financing Cash Flow | -$2.7M-272.7% | -$63K+71.4% | -$440K | $184K-79.2% | $1.5M | -$222K-343.2% | $0+100.0% | $884K+689.4% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
MSGM Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 81.8%-0.7pp | 87.2%+13.6pp | 85.0%+39.3pp | 80.7%+20.5pp | 82.5%+23.5pp | 73.5%-4.5pp | 45.8%-15.7pp | 60.3%+9.3pp |
| Operating Margin | 18.0%-57.9pp | 26.2%+31.5pp | 14.9%+48.5pp | 25.8% | 75.9% | -5.3%+34.8pp | -33.5%-51.0pp | -107.1% |
| Net Margin | 11.3% | 7.8%-51.4pp | 21.8% | 25.5%+56.2pp | 164.3% | 59.2%+114.2pp | -133.7% | -30.8% |
| Return on Equity | 10.3%-78.0pp | 4.5%-156.1pp | 12.4%+544.2pp | 13.5%+27.0pp | 88.4%+39.4pp | 160.5%+241.5pp | -531.9%-778.2pp | -13.6%+850.2pp |
| Return on Assets | 3.5%-48.7pp | 2.3%-14.9pp | 7.0%+49.1pp | 7.8%+15.8pp | 52.2%+23.0pp | 17.2%+34.1pp | -42.1%-68.3pp | -8.0%+23.3pp |
| Current Ratio | 1.850.0x | 2.32+1.7x | 2.25+1.7x | 1.92 | 1.85+1.3x | 0.59+0.1x | 0.56+0.1x | N/A |
| Debt-to-Equity | 1.56+1.0x | 0.76-6.4x | 0.65-9.5x | 0.56-0.1x | 0.54-0.4x | 7.17+2.9x | 10.16+2.8x | 0.70-25.8x |
| Asset Turnover | 0.310.0x | 0.290.0x | 0.320.0x | 0.310.0x | 0.32+0.1x | 0.290.0x | 0.31+0.1x | 0.26+0.1x |
| FCF Margin | 31.5% | 40.4% | 45.0%+100.2pp | N/A | N/A | N/A | -55.1% | -37.7%+36.5pp |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Motorsport Games Inc. MSGM | FY2025 | $11.3M | $6.9M | 61.3% | $24.3M | 61/100 |
| Brag House Holdings, Inc. TBH | FY2025 | N/A | -$15.9M | N/A | $12.0M | — |
| Gaxos.ai Inc. GXAI | FY2025 | $1.9M | -$3.9M | N/A | $6.0M | 58/100 |
| Blue Hat Interactive Entertainment Technology BHAT | FY2024 | $18.7M | -$9.5M | -50.9% | $31K | 23/100 |
| GigaMedia Ltd GIGM | FY2025 | $3.5M | -$1.6M | -44.7% | $15.3M | 60/100 |
| Snail, Inc. SNAL | FY2025 | $81.2M | -$27.2M | -33.5% | $20.3M | 31/100 |
Where Motorsport Games Inc. Ranks
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 30.0% 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 P/E ratio?
Motorsport Games Inc. (MSGM) trades at 10.4x earnings, its market capitalization divided by net income of $2.3M net income, trailing 12 months to June 30, 2026. The market capitalization is $24.3M as of Oct 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Motorsport Games Inc.'s price-to-sales ratio?
Motorsport Games Inc. (MSGM) trades at 1.7x sales, its market capitalization divided by revenue of $14.5M revenue, trailing 12 months to June 30, 2026. The market capitalization is $24.3M as of Oct 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Motorsport Games Inc.'s Altman Z-Score?
Motorsport Games Inc. (MSGM) has an Altman Z-Score of -4.39, 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 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 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 172.94x, 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 61 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.