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

Insider Decisions trades per month

Total buys 0.47

Total sells 5.07

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	1	—	—	—	—	—	1	1	3	1	—
Sell	—	—	—	2	3	1	—	—	—	—	—	—

Insider Ownership 64.08%

Capital & Financial Ratios $m

Market Cap 25.01

Revenue 14.52

Net Income 2.78

Free Cash Flow 6.19

Net Debt (2.75)

Current Ratio 1.85

Debt/Equity 0.23

P/E ratio 13.07

Fwd P/E (1.96)

P/S ratio 1.84

P/B ratio 5.10

Past 5Y EPS Growth —

This Y EPS Growth 79.84%

Next Y EPS Growth (71.57%)

Next Y revenue growth 36.75%

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 74.57%

10-year low 10-year high

P/B against its own 10 years 82.17%

10-year low 10-year high

EV/Sales against its own 10 years 77.99%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	2	1	5	4
Receivables	1	1	2	2
Inventory	—	—	—	—
Other	—	—	—	—
	4	3	8	6

	2023	2024	2025	Q'26
Payables	1	3	1	1
ST’ Debt	—	—	—	—
Other	5	1	0	0
	8	5	3	3

Compound Annual Growth %

	10y	5y	3y
Sales	—	(9.92%)	3.05%
Cash Flow	—	0.10%	0.00%
Earnings	—	0.00%	0.00%
Book Value	—	36.23%	58.51%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	4	4	—	—	—
’25	2	3	3	4	11
’24	3	2	2	2	9
’23	2	2	2	2	7
’22	3	2	1	4	10
’21	2	2	2	8	15
’20	3	4	9	3	19

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	2	1	—	—	—
’25	0	0	2	2	4
’24	0	(1)	(1)	(1)	(3)
’23	(6)	(3)	(1)	(4)	(14)
’22	(6)	(6)	(5)	(3)	(20)
’21	(7)	(4)	(5)	(4)	(21)
’20	1	2	(2)	3	4

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	2	1	—	—	—
’25	0	0	1	2	4
’24	0	(1)	(1)	(1)	(3)
’23	(6)	(3)	(1)	(4)	(14)
’22	(6)	(7)	(5)	(3)	(20)
’21	(7)	(5)	(6)	(5)	(22)
’20	1	1	(1)	3	4

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.06	0.08	—	—	—
’25	0.33	0.82	0.14	0.15	1.43
’24	(0.60)	0.87	(0.19)	(0.89)	(0.94)
’23	(2.33)	(3.02)	(1.28)	1.17	(5.06)
’22	(13.00)	(6.30)	(7.29)	(4.17)	(30.73)
’21	(13.00)	(5.00)	(5.60)	(6.00)	(29.10)
’20	—	0.00	0.07	(0.15)	(2.50)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	27.70	2.01	2.10	1.01	0.73	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	380.00	48.20	49.50	4.16	5.41
People
People	Employees	—	—	—	56	96	189	134	71	39	44
	Revenue/emp, $m	—	—	0.00	0.21	0.20	0.08	0.08	0.10	0.22	0.26
Income, $m
Income, $m	Revenue	—	—	15	12	19	15	10	7	9	11
	Gross margin, %	—	—	64.01	58.75	65.37	50.06	51.96	47.60	62.87	81.47
	EBT	—	—	(1)	(6)	(1)	(34)	(37)	(14)	(3)	7
	EBT margin, %	—	—	(7.82)	(48.57)	(3.57)	(223.57)	(356.82)	(207.29)	(35.09)	58.41
	Net income	—	0	(1)	(6)	(1)	(34)	(37)	(14)	(3)	7
	Depreciation	—	—	0	1	1	2	12	6	3	1
Per share, $
Per share, $	Revenue	—	—	8.46	6.79	10.71	13.25	8.82	2.68	2.97	2.33
	Earnings	—	—	(1.15)	(2.04)	(2.50)	(29.10)	(30.73)	(5.06)	(0.94)	1.43
	Cash flow	—	—	(0.52)	(2.54)	2.28	(18.41)	(16.67)	(5.30)	(0.97)	0.84
	Capex	—	—	(0.01)	(0.06)	(0.13)	(0.86)	(0.25)	(0.31)	(0.01)	0.00
	Free cash flow	—	—	(0.53)	(2.60)	2.15	(19.27)	(16.92)	(5.60)	(0.98)	0.84
	Book value	—	—	5.37	2.07	0.91	33.38	1.63	0.81	0.42	1.57
	Shares, m	—	—	2	2	2	1	1	3	3	5
Valuation, ×
Valuation, ×	P/E	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.20
	P/S	—	—	326.75	326.75	326.75	2.57	0.79	1.09	0.45	1.36
	P/B	—	—	3,851.47	3,851.47	3,851.47	1.02	4.28	3.60	3.19	2.02
	EV/Sales	—	—	326.54	326.54	326.54	1.38	0.75	0.85	0.36	0.92
	EV/FCF	—	—	1,588.08	1,588.08	1,588.08	(0.94)	(0.38)	(0.40)	(0.76)	3.65
Cash, $m
Cash, $m	Operating cash flow	—	—	(1)	(4)	4	(21)	(20)	(14)	(3)	4
	Capex	—	—	0	0	0	(1)	0	(1)	0	0
	Free cash flow	—	—	(1)	(5)	4	(22)	(20)	(14)	(3)	4
Balance, $m
Balance, $m	Working capital	—	—	2	(2)	(4)	16	(9)	(4)	(2)	4
	Total debt	—	—	4	8	11	0	6	—	—	—
	Net debt	—	—	(3)	(2)	(4)	(18)	(1)	(2)	(1)	(5)
	Shareholders’ equity	—	—	9	4	2	38	2	2	1	8
Returns, %
Returns, %	ROA	—	—	(25.66)	(25.06)	(11.65)	(97.41)	(103.42)	(99.96)	(34.35)	75.98
	ROIC	—	—	(12.20)	(195.86)	0.00	(107.03)	(2,368.95)	(2,468.61)	(298.25)	78.46
	ROE	—	—	156.80	(54.92)	(67.20)	(167.49)	(180.47)	(717.40)	(166.06)	157.33

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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	$114.2M	—	—	—	—	−216.27% (below 0%: shrinking)	—	—	Compare
GCL GCL Global Holdings Ltd.	$106.6M	— (loss-making)	—	—	−66.67% (below 0%: shrinking)	−1,222.35% (below 0%: shrinking)	—	—	Compare
MYPS PLAYSTUDIOS, Inc.	$50.2M	— (loss-making)	— (loss-making)	−7.32% (below 0%: shrinking)	n/m	−80.34% (below 0%: shrinking)	80.32%	(17.36%)	Compare
GAME GameSquare Holdings, Inc.	$35.4M	— (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.	$33.5M	6.5×	—	−12.33% (below 0%: shrinking)	−36.31% (below 0%: shrinking)	−52.86% (below 0%: shrinking)	53.77%	3.31%	Compare
MSGM Motorsport Games Inc.	$25.0M	13.1×	— (loss-making)	+36.58% (above 0%: growing)	−90.24% (below 0%: shrinking)	+381.17% (above 0%: growing)	81.79%	18.03%
SNAL Snail, Inc.	$18.0M	— (loss-making)	5.4×	−11.31% (below 0%: shrinking)	n/m	+18.27% (above 0%: growing)	39.07%	(13.54%)	Compare
GIGM GigaMedia Limited	$14.2M	— (loss-making)	—	−12.34% (below 0%: shrinking)	n/m	+52.13% (above 0%: growing)	55.38%	(125.50%)	Compare
HODO House of Doge Inc.	$6.0M	— (loss-making)	—	—	n/m	+67.07% (above 0%: growing)	100.00%	11,397.14%	Compare
Median of peers	$34.5M	—	—	−11.31%	—	−66.60%	54.58%	(11.40%)

All 23 Electronic Gaming & Multimedia stocks →

Motorsport Games Inc. (MSGM) key facts

Strength: Motorsport Games Inc.’s revenue for fiscal 2025 (year ended December 2025) was $11.3 million, up 30.0% from fiscal 2024.
Motorsport Games Inc. (MSGM) is an Electronic Gaming & Multimedia company in the Communication Services sector, listed on Nasdaq.
As of October 16, 2026, MSGM traded at $5.62, a market capitalization of $25.0 million.
Return on equity was 157.3% and debt-to-equity 0.23.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is −5.56 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.