Every 10-Q that Motorsport Games Inc. (MSGM) has filed with the SEC in the last 24 months is listed below, 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 MSGM 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 MSGM filings page.
Motorsport Games Inc. reported improved top-line results for the three and six months ended June 30, 2026. Q2 2026 revenue was $3.54 million, up from $2.59 million a year earlier, and six‑month revenue rose to $7.57 million from $4.35 million, driven primarily by its gaming segment and initial esports revenues.
Gross profit increased to $2.90 million for Q2 and $6.41 million year‑to‑date. Income from operations was $0.64 million for Q2 and $1.69 million for six months, while net income attributable to the company was $0.40 million for Q2 and $0.72 million year‑to‑date, lower than 2025 due to reduced other income. Operating cash flow strengthened to $2.77 million for the six months, with cash and cash equivalents at $3.95 million and working capital of $2.9 million; management expects available cash, operations, and a new $3.0 million Citibank credit line (of which $1.2 million is drawn) to fund operations for at least one year.
During Q2, the company repurchased 904,395 Class A shares for $3.72 million, cancelling all Class B shares and leaving 4,174,055 Class A shares outstanding at June 30, 2026. Intangible assets totaled $4.27 million following new software investment and a small impairment. The filing highlights significant customer concentration, with three customers providing over 80% of revenue, and notes a July 2026 preferred stock rights plan designed to deter unsolicited acquisitions above 12.5% ownership.
Motorsport Games Inc. reported stronger results for the quarter ended March 31, 2026, with revenue of $4.0M, up 129.3% from a year earlier, driven mainly by its Le Mans Ultimate franchise. Gross profit rose to $3.5M, and the company generated net income attributable to Motorsport Games of $0.3M, or $0.06 per diluted share.
Operating cash flow improved to $1.65M, lifting cash and cash equivalents to $5.9M at quarter-end, and management expects available cash and cash from operations to fund the business for at least 12 months. Le Mans Ultimate accounted for roughly 76% of revenue, and two customers provided most sales, highlighting continued concentration risk.
After quarter-end, the company repurchased 904,395 Class A shares from Driven Lifestyle at $4.11 per share, which triggered cancellation of all Class B shares and reduced Driven Lifestyle’s voting power. Stockholders also approved the exercisability of 949,310 previously issued warrants and expanded the 2021 equity plan to 600,000 shares, while Citibank extended the maturity of a $3.0M revolving credit facility to February 20, 2028.
Motorsport Games Inc. (MSGM) reported stronger Q3 2025 results. Revenue rose to $3,100,018 from $1,802,946, and net income reached $768,537 versus a loss a year ago. Gross profit was $2,502,201 as operating expenses declined sharply, supporting a positive operating result.
For the nine months, revenue was $7,450,311 (up from $6,713,635) and net income totaled $6,029,322, reflecting settlements and improved profitability. Cash and cash equivalents increased to $4,128,690 from $859,271 at year-end, aided by a $2.35 million private placement completed in April. The company reported working capital of $3.0 million and stated it expects cash on hand will fund operations for at least one year from the date the financial statements are issued.
Deferred revenue rose to $1,111,835, indicating future performance obligations. As of November 6, 2025, shares outstanding were 5,078,450 Class A and 700,000 Class B. The quarter also reflected lower general and administrative and development costs, and continued amortization of finite-lived intangibles.
Motorsport Games Inc. reported mixed but material interim results driven by one-time settlements and financing actions. For the six months ended June 30, 2025 the company reported net income of $5.26 million and net income attributable to Motorsport Games Inc. of $5.299 million, with revenues of $4.35 million and gross profit of $3.43 million. Cash and cash equivalents were $2.37 million as of June 30, 2025 and the company states cash increased to $2.8 million as of July 31, 2025. The results reflect settlement gains, including a $800,000 Wesco settlement and a $500,000 Innovate settlement recorded as other operating income. Balance sheet improvements include total assets of $8.15 million and a reduction in current liabilities to $2.57 million. The company nonetheless reports an accumulated deficit of $86.5 million, working capital of $2.2 million, and states that factors raise substantial doubt about its ability to continue as a going concern within one year. Management disclosed a $12 million related-party line of credit exists but believes it is unlikely to provide future borrowings, and disclosed a private placement that produced approximately $2.35 million in net proceeds.