Friday 6 November 2026
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Motorsport Games Inc.
MSGM Communication Services Electronic Gaming & Multimedia
Motorsport Games Inc.’s revenue for fiscal 2025 (year ended December 2025) was $11.3 million, up 30.0% from fiscal 2024.
- Revenue
- +36.6%
- EPS
- −90.2%
- Free cash flow
- +381.2%
Quarter to June 2026, against a year earlier
4.28
0.15
−3.39%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | 15 | 12 | 19 | 15 | 10 | 7 | 9 | 11 | 15 | (3.7%) | 15 | 23 | — | +43.7% | |
| Gross margin, % | — | — | 64.01 | 58.75 | 65.37 | 50.06 | 51.96 | 47.60 | 62.87 | 81.47 | 83.92 | +17.5 pt | ||||||
| EBT | — | — | (1) | (6) | (1) | (34) | (37) | (14) | (3) | 7 | 3 | n/m | ||||||
| EBT margin, % | — | — | (7.82) | (48.57) | (3.57) | (223.57) | (356.82) | (207.29) | (35.09) | 58.41 | 17.45 | +66.2 pt | ||||||
| Net income | — | 0 | (1) | (6) | (1) | (34) | (37) | (14) | (3) | 7 | 3 | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | 8.46 | 6.79 | 10.71 | 13.25 | 8.82 | 2.68 | 2.97 | 2.33 | 3.05 | (16.8%) | |||||
| Earnings | — | — | (1.15) | (2.04) | — | (29.10) | (30.73) | (5.56) | (0.94) | 1.43 | 0.43 | n/m | ||||||
| Cash flow | — | — | (0.52) | (2.54) | 2.28 | (18.41) | (16.67) | (5.30) | (0.97) | 0.84 | 1.31 | n/m | ||||||
| Capex | — | — | (0.01) | (0.06) | (0.13) | (0.86) | (0.25) | (0.31) | (0.01) | 0.00 | (0.01) | (21.6%) | ||||||
| Free cash flow | — | — | (0.53) | (2.60) | 2.15 | (19.27) | (16.92) | (5.60) | (0.98) | 0.84 | 1.30 | n/m | ||||||
| Book value | — | — | 5.37 | 2.07 | 0.91 | 33.38 | 1.63 | 0.81 | 0.42 | 1.57 | 1.10 | (16.1%) | ||||||
| Shares, m | — | — | 2 | 2 | 2 | 1 | 1 | 3 | 3 | 5 | 5 | +15.7% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.20 | 9.95 | 0.3 | |||||
| P/S | — | — | 326.75 | 326.75 | 326.75 | 2.57 | 0.79 | 1.14 | 0.45 | 1.36 | 1.40 | 123.3 | ||||||
| P/B | — | — | 3,851.47 | 3,851.47 | 3,851.47 | 1.02 | 4.28 | 3.76 | 3.19 | 2.02 | 3.89 | 1,446.1 | ||||||
| EV/Sales | — | — | 326.54 | 326.54 | 326.54 | 1.38 | 0.75 | 0.90 | 0.36 | 0.92 | 1.21 | 123.0 | ||||||
| EV/FCF | — | — | 1,588.08 | 1,588.08 | 1,588.08 | (0.94) | (0.38) | (0.42) | (0.76) | 3.65 | 3.54 | 595.7 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | (1) | (4) | 4 | (21) | (20) | (14) | (3) | 4 | 6 | n/m | |||||
| Capex | — | — | 0 | 0 | 0 | (1) | 0 | (1) | 0 | 0 | 0 | (9.3%) | ||||||
| Free cash flow | — | — | (1) | (5) | 4 | (22) | (20) | (14) | (3) | 4 | 6 | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | 2 | (2) | (4) | 16 | (9) | (4) | (2) | 4 | 3 | +8.4% | |||||
| Net debt | — | — | (3) | (2) | (4) | (18) | (1) | (2) | (1) | (5) | (3) | +5.6% | ||||||
| Shareholders’ equity | — | — | 9 | 4 | 2 | 38 | 2 | 2 | 1 | 8 | 5 | (3.0%) | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | (25.66) | (25.06) | (11.65) | (97.41) | (103.42) | (99.96) | (34.35) | 75.98 | 24.09 | +101.6 pt | |||||
| ROIC | — | — | (12.20) | (195.86) | 0.00 | (107.03) | (2,368.95) | (2,468.61) | (298.25) | 78.46 | 76.80 | +90.7 pt | ||||||
| ROE | — | — | 156.80 | (54.92) | (67.20) | (167.49) | (180.47) | (717.40) | (166.06) | 157.33 | 43.39 | +0.5 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | 56 | 96 | 189 | 134 | 71 | 39 | 44 | — | (3.9%) | |||||
| Revenue/emp, $m | — | — | 0.00 | 0.21 | 0.20 | 0.08 | 0.08 | 0.10 | 0.22 | 0.26 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026
Motorsport Games Inc. vs peers in Electronic Gaming & Multimedia (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| CTW CTW Cayman | $100.7M | — | — | — | — | −216.27% (below 0%: shrinking) | — | — | Compare |
| MYPS PLAYSTUDIOS, Inc. | $56.2M | — (loss-making) | — (loss-making) | −15.14% (below 0%: shrinking) | n/m | +281.63% (above 0%: growing) | 81.23% | (40.41%) | Compare |
| GAME GameSquare Holdings, Inc. | $46.3M | — (loss-making) | — (loss-making) | +137.21% (above 0%: growing) | n/m | −263.32% (below 0%: shrinking) | 48.98% | (9.26%) | Compare |
| GMHS Gamehaus Holdings Inc. | $36.2M | 7.1× | — | −12.33% (below 0%: shrinking) | −36.31% (below 0%: shrinking) | −52.86% (below 0%: shrinking) | 53.77% | 3.31% | Compare |
| MSGM Motorsport Games Inc. | $19.6M | 10.0× | 15.3× | +36.58% (above 0%: growing) | −90.24% (below 0%: shrinking) | +381.17% (above 0%: growing) | 81.79% | 18.03% | |
| SNAL Snail, Inc. | $16.3M | — (loss-making) | 4.9× | −11.31% (below 0%: shrinking) | n/m | +18.27% (above 0%: growing) | 39.07% | (13.54%) | Compare |
| GIGM GigaMedia Limited | $15.5M | 17.5× | — | +245.41% (above 0%: growing) | n/m | +52.13% (above 0%: growing) | 63.21% | 21.55% | Compare |
| GDC GD Culture Group Limited | $4.6M | — (loss-making) | — | −99.03% (below 0%: shrinking) | n/m | −512.34% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| GXAI Gaxos.ai Inc. | $4.0M | — (loss-making) | — (loss-making) | +1,337.08% (above 0%: growing) | n/m | −47.21% (below 0%: shrinking) | 100.00% | (75.89%) | Compare |
| Median of peers | $26.3M | — | — | −11.31% | — | −50.03% | 53.77% | (9.26%) |
Pay and ownership Proxy statement filed 16 March 2026
Ownership
Directors and executive officers, together
1.50%
Driven Lifestyle Group LLC
69.01%
Sharp Arrow Global Tech Ventures L.P.
12.12%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement