Here are the 10-Q quarterly reports from Mobile Global Esports Inc (MGAM) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow MGAM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MGAM filings page.
Mobile Global Esports, Inc. (MGAM) reported $15,557 of revenue and a $526,011 net loss for the three months ended June 30, 2026, compared with no revenue and a $449,198 net loss in 2025. For the six months, revenue was $21,877 and net loss was $1,300,362, versus a $832,894 net loss a year earlier.
Cash was $19,936 as of June 30, 2026, and operating activities used $680,882 during the six months. Management said the company will need to raise additional capital to continue operating for the next 12 months from the date of issuance; these conditions raise substantial doubt about its ability to continue as a going concern.
Under a standby equity purchase agreement, MGAM may sell up to $10 million of common stock. In April 2026, it issued 2,500,000 shares under the agreement for $25,000 in cash proceeds. During the quarter, a holder converted approximately $85,000 of principal and $3,000 of accrued interest under September Convertible Note A into 40,659,249 shares; the Q2 2026 Convertible Note holder converted approximately $18,000 of principal into 8,500,000 shares.
Mobile Global Esports Inc. reported very early-stage revenue and ongoing heavy losses for the quarter ended March 31, 2026. Revenue was only $6,320, while cost of revenue reached $103,468, resulting in a gross loss.
Selling, general and administrative expenses were $628,439, leading to a net loss of $774,351, compared with $383,696 a year earlier. Cash declined to about $185,000 with total assets of $1.32M and current liabilities of $1.30M, including $920,000 of convertible notes measured at fair value.
The company is pivoting away from its Indian esports operations, which are now discontinued, to focus on its Dominus Sports fantasy baseball platform and the acquired Reality Sports Online football platform. Management states that limited cash, continued losses and the need for fresh capital over the next 12 months raise substantial doubt about the ability to continue as a going concern.
Mobile Global Esports Inc. (MGAM) reported Q3 2025 results marked by minimal revenue and continued losses while pivoting toward fantasy sports platforms. Net loss was $948,472 for the quarter and $1,781,366 for the nine months. Selling, general and administrative expenses rose to $858,079 in Q3 (up 112% year over year), reflecting higher consulting spend. Cash was $810,081 as of September 30, 2025.
The company raised funds via debt: $551,500 in convertible notes (fair value $579,745 at quarter‑end) and $125,000 in notes payable, and issued equity for services. Management disclosed substantial doubt about the company’s ability to continue as a going concern without additional capital. MGAM discontinued its India subsidiary to focus on its Dominus Sports beta and recognized a smaller discontinued operations loss year over year.
Subsequent to quarter‑end, MGAM agreed to acquire Reality Sports Online for $205,000 plus 5,300,000 shares, closing in November 2025. Shares outstanding were 53,690,074 as of November 12, 2025.