Saturday 17 October 2026 Export MSGM’s income statement to Excel — free account

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. In the quarter to June 2026, revenue grew 36.6%, EPS fell 90.2% and free cash flow grew 381.2%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years; insiders bought in the last twelve months.

5.62 0.17 +3.12%

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Market cap: $25.0M
P/E: 13.1×
Fwd P/E: −2.0×
Dividend yield: —
F-score: 7/9
Altman Z: −5.56
Beneish M: −0.92
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
Piotroski F-Score Full definition →	—	—	—	6	4	3	5	5	7
P/E ratio Full definition →	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.20
Altman Z-Score Full definition →	—	—	—	—	(0.81)	(11.47)	(17.48)	(20.00)	(5.56)
P/S ratio Full definition →	—	326.75	326.75	326.75	2.57	0.79	1.09	0.45	1.36
Altman Z″-Score (non-manufacturers) Full definition →	—	—	—	(2.47)	(1.88)	(28.32)	(43.47)	(51.69)	(17.16)
P/FCF ratio Full definition →	—	1,589.09	1,589.09	1,589.09	0.00	0.00	0.00	0.00	5.38
P/Operating CF Full definition →	—	1,782.75	1,782.75	1,782.75	(9.17)	(3.13)	(2.12)	(3.60)	8.81
Beneish M-Score Full definition →	—	—	(3.21)	(3.56)	(3.87)	(8.30)	(3.49)	(2.00)	(0.92)
P/B ratio Full definition →	—	3,851.47	3,851.47	3,851.47	1.02	4.28	3.60	3.19	2.02
Price to Tangible BV Full definition →	—	0.00	0.00	0.00	3.06	0.00	0.00	0.00	4.03
EV/Sales Full definition →	—	326.54	326.54	326.54	1.38	0.75	0.85	0.36	0.92
EV/EBITDA Full definition →	—	0.00	0.00	0.00	0.00	0.00	0.00	3.70	2.38
EV/Operating CF Full definition →	—	1,534.47	1,534.47	1,534.47	(1.00)	(0.40)	(0.43)	(1.10)	2.55
EV/FCF Full definition →	—	1,588.08	1,588.08	1,588.08	(0.94)	(0.38)	(0.40)	(0.76)	3.65
Quick Ratio Full definition →	—	1.37	0.77	0.67	2.56	0.21	0.32	0.46	2.15
Current Ratio Full definition →	—	1.38	0.78	0.70	2.70	0.30	0.46	0.56	2.25
Net Debt/EBITDA Full definition →	—	4.87	0.52	(5.53)	0.55	0.04	0.16	(1.02)	(1.14)
Debt/Assets Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Debt/Equity Full definition →	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Asset Turnover Full definition →	—	1.88	0.83	1.26	0.44	0.30	0.48	1.08	1.24
Operating CF/Net income Full definition →	—	0.45	1.24	(2.31)	0.63	0.54	0.95	1.03	0.59
Capex/Depreciation Full definition →	—	(0.05)	(0.08)	(0.33)	(0.47)	(0.02)	(0.13)	(0.01)	(0.01)
Interest Coverage Full definition →	—	(44.18)	(144.99)	0.00	(68.48)	(30.51)	(21.18)	(14.49)	172.81
ROE Full definition →	—	156.80%	(54.92%)	(67.20%)	(167.49%)	(180.47%)	(717.40%)	(166.06%)	157.33%
ROA Full definition →	—	(25.66%)	(25.06%)	(11.65%)	(97.41%)	(103.42%)	(99.96%)	(34.35%)	75.98%
ROIC Full definition →	—	(12.20%)	(195.86%)	0.00%	(107.03%)	(2,368.95%)	(2,468.61%)	(298.25%)	78.46%
Return on Tangible Assets Full definition →	—	(81.48%)	186.77%	41.05%	(204.35%)	411.05%	374.31%	126.87%	162.84%
Average Days of Receivables Full definition →	—	128.71	156.84	114.52	132.93	63.96	38.87	60.79	72.48
Research and Development Expense of Revenue Full definition →	—	26.44%	40.37%	24.41%	63.82%	100.90%	104.74%	38.89%	15.58%
Selling, General and Administrative Expense of Revenue Full definition →	—	43.48%	53.81%	40.63%	211.30%	193.10%	160.03%	87.74%	50.96%
Intangible Assets out of Total Assets Full definition →	0.00	0.44	0.43	0.33	0.50	0.71	0.59	0.54	0.32
Share Based Compensation of Revenue Full definition →	—	3.70%	0.00%	0.00%	64.52%	6.92%	13.85%	1.76%	6.99%
Graham Net Nets Full definition →	—	0.00	0.00	0.00	0.31	(1.59)	(0.55)	(0.57)	0.21
Graham Number Full definition →	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	7.12
Earnings Yield Full definition →	—	(0.03%)	(0.03%)	(0.03%)	(87.06%)	(442.59%)	(186.87%)	(60.41%)	45.43%
Free Cash Flow Yield Full definition →	—	0.06%	0.06%	0.06%	(57.33%)	(249.37%)	(197.97%)	(104.07%)	18.60%
Revenue per Share Full definition →	—	8.46	6.79	10.71	13.25	8.82	2.68	2.97	2.33
Operating CF per Share Full definition →	—	(0.52)	(2.54)	2.28	(18.41)	(16.67)	(5.30)	(0.97)	0.84
Capex per Share Full definition →	—	(0.01)	(0.06)	(0.13)	(0.86)	(0.25)	(0.31)	(0.01)	0.00
Free Cash Flow per Share Full definition →	—	(0.53)	(2.60)	2.15	(19.27)	(16.92)	(5.60)	(0.98)	0.84
Cash per Share Full definition →	—	1.96	1.12	2.24	15.66	0.84	0.65	0.29	1.03
Shareholders Equity per Share Full definition →	—	5.37	2.07	0.91	33.38	1.63	0.81	0.42	1.57
Interest Debt per Share Full definition →	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	—	5.37	2.07	0.91	33.38	1.63	0.81	0.42	1.57
Free Cash Flow Full definition →	—	(0.93)	(4.53)	3.82	(21.92)	(19.81)	(14.44)	(2.86)	4.06
Working Capital Full definition →	—	2.40	(2.04)	(4.44)	15.50	(9.28)	(4.07)	(2.23)	4.22
Capital Expenditures Full definition →	—	(0.02)	(0.11)	(0.24)	(0.98)	(0.29)	(0.79)	(0.02)	(0.01)
Net Current Asset Value Full definition →	—	2.40	(2.04)	(5.30)	11.90	(12.95)	(4.15)	(2.25)	3.20
EV/EBIT Full definition →	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.20
Capex to Sales Full definition →	—	0.00	0.01	0.01	0.07	0.03	0.11	0.00	0.00
Price to Operating Income Full definition →	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	4.72
Other line items
Depreciation/Fixed assets Full definition →	—	6.53	11.28	4.44	2.89	22.36	24.71	46.74	34.11
Cash ROIC Full definition →	—	(7.25%)	(81.35%)	68.08%	(39.29%)	(687.30%)	(383.57%)	(136.99%)	32.30%
Accounts Receivable Turnover Full definition →	—	2.87	2.30	3.44	2.63	2.83	5.43	7.96	6.12
Accounts Payable Turnover Full definition →	—	9.66	8.90	13.56	6.05	2.39	2.27	1.70	1.08
Inventory Turnover Full definition →	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Days of Payables Full definition →	—	57.19	19.93	39.07	86.51	174.56	82.03	336.76	160.12
Days of Inventory on Hand Full definition →	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Receivables Full definition →	—	5.15	5.15	5.53	5.73	3.65	1.27	1.09	1.85
Average Payables Full definition →	—	0.55	0.55	0.49	1.25	2.08	1.59	1.89	1.95
Average Assets Full definition →	—	7.84	14.22	15.08	34.05	34.80	14.33	8.01	9.12
Average Common Equity Full definition →	—	(1.28)	6.49	2.61	19.80	19.94	2.00	1.66	4.40

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