Mobile Global Esports Inc.
MGAM Communication Services Electronic Gaming & Multimedia
Mobile Global Esports Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3,700.00, down 85.4% from fiscal 2024. In the quarter to June 2026, revenue grew 875.0%, EPS grew 38.0% and free cash flow fell 80.8%, each against the same quarter a year earlier.
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Mobile Global Esports Inc. (MGAM) Altman Z-score
Mobile Global Esports Inc.'s Altman Z-score for fiscal 2025 is −14.55, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | −14.55 | 2.54 |
| FY2024 | −17.09 | (20.82) |
| FY2023 | 3.72 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.72) | — | −0.86 | |
| Retained earnings / total assets | (7.80) | — | −10.92 | |
| EBIT / total assets | (1.30) | — | −4.31 | |
| Market value of equity / total liabilities | 2.56 | — | 1.54 | |
| Sales / total assets | 0.00 | — | 0.00 | |
| Altman Z-score | Distress zone | −14.55 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −39.02 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| GXAI Gaxos.ai Inc. compare | 5.4× |
| BHATF Blue Hat Interactive Entertainment Technology compare | −0.6× |
| SNAL Snail, Inc. compare | −0.7× |
| DKI DarkIris Inc. compare | −3.3× |
| GIGM GigaMedia Limited compare | −3.3× |
| MSGM Motorsport Games Inc. compare | −5.6× |
| MGAM Mobile Global Esports Inc. | −14.6× |
| GDC GD Culture Group Limited compare | −15.1× |
| HODO House of Doge Inc. compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets