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