Motorsport Games Inc. (MSGM) Financial Statements
Industry: Prepackaged Software (Services)
In fiscal 2025, Motorsport Games reported revenue of $11.3M, up 30.0% from $8.7M the year before. Net income was $6.9M (a 61.3% net margin), or $1.43 per diluted share. Gross margin was 81.5% and operating margin was 28.8%. Operating activities generated $4.1M of cash, leaving $4.1M of free cash flow. At fiscal year end, Motorsport Games held $12.0M in total assets against $4.4M in total liabilities, including $5.0M of cash and equivalents.
Open the full interactive Motorsport Games financials → Quarterly statements, key ratios, valuation history and price charts.
Motorsport Games Key Stats
| Share Price | $5.42 |
|---|---|
| Market Cap | $28.5M |
| P/E Ratio | 3.8 |
| Revenue YoY Growth | +30.0% |
| 52-Week Range | $2.19 – $5.42 |
| Shares Outstanding | 4.8 million (basic, 2026 Q2) |
Motorsport Games Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $19.0M | $15.1M | $10.3M | $6.9M | $8.7M | $11.3M |
| Gross Profit | $12.4M | $7.5M | $5.4M | $3.3M | $5.5M | $9.2M |
| Operating Income | $1,147 | -$34.5M | -$35.0M | -$19.4M | -$1.7M | $3.2M |
| Pre-Tax Income | -$1.8M | -$33.2M | -$36.0M | -$13.1M | -$2.8M | $6.6M |
| Income Tax | — | — | — | — | — | -$245,258 |
| Net Income | -$1.8M | -$33.2M | -$36.0M | -$13.1M | -$2.8M | $6.9M |
| Diluted EPS | — | -$29.15 | — | $5.06 | -$0.94 | $1.43 |
Motorsport Games Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $3.1M | $3.8M | $4.0M | $3.5M |
| Net Income | $789,296 | $839,313 | $315,827 | $401,463 |
| Diluted EPS | $0.14 | $0.17 | $0.06 | $0.08 |
Motorsport Games Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.0M | $17.8M | $979,306 | $1.7M | $859,271 | $5.0M |
| Current Assets | $10.5M | $24.6M | $4.0M | $3.5M | $2.8M | $7.6M |
| Total Assets | $17.4M | $50.7M | $18.9M | $9.8M | $6.3M | $12.0M |
| Current Liabilities | $14.9M | $8.6M | $13.3M | $7.6M | $5.0M | $3.4M |
| Total Long-Term Debt | — | — | $12.0M | — | — | — |
| Total Liabilities | $15.8M | $12.7M | $17.0M | $7.7M | $5.0M | $4.4M |
| Shareholders' Equity | $1.6M | $36.7M | $1.5M | $3.0M | $496,258 | $6.8M |
Motorsport Games Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $4.1M | -$20.9M | -$19.5M | -$12.9M | -$2.8M | $4.1M |
| Cash From Investing | -$480,957 | -$14.6M | -$292,446 | $4.2M | $1.2M | -$1.1M |
| Cash From Financing | -$1.5M | $49.5M | $1.7M | $9.9M | $834,051 | $1.1M |
| Free Cash Flow | $3.9M | -$21.7M | -$19.8M | -$12.9M | -$2.8M | $4.1M |
Figures from Motorsport Games' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Motorsport Games financials page for every line item.
Motorsport Games Company Profile
| Ticker | MSGM |
|---|---|
| Exchange | Nasdaq |
| Industry | Prepackaged Software (Services) |
| Headquarters | Miramar, Florida |
| Incorporated in | Florida |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company, emerging growth company |
| SEC CIK | 0001821175 |
Frequently Asked Questions
What was Motorsport Games' revenue in fiscal 2025?
Motorsport Games (MSGM) reported revenue of $11.3M for fiscal 2025.
What is Motorsport Games' annual revenue history?
Motorsport Games' annual revenue by fiscal year: 2020: $19.0M; 2021: $15.1M; 2022: $10.3M; 2023: $6.9M; 2024: $8.7M; 2025: $11.3M.
What was Motorsport Games' net income in fiscal 2025?
Motorsport Games reported net income of $6.9M for fiscal 2025.
What was Motorsport Games' earnings per share (EPS) in fiscal 2025?
Motorsport Games' diluted EPS was $1.43 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Motorsport Games generate in fiscal 2025?
Motorsport Games generated $4.1M of free cash flow in fiscal 2025.
What was Motorsport Games' revenue last quarter?
In its most recent reported quarter (2026 Q2), Motorsport Games reported revenue of $3.5M.
How many shares of Motorsport Games are outstanding?
Motorsport Games reported a weighted average of 4.8 million basic shares outstanding in 2026 Q2.
What is Motorsport Games' market cap?
Based on its latest closing price, Motorsport Games (MSGM) has a market capitalization of about $28.5M.
When does Motorsport Games' fiscal year end?
Motorsport Games' fiscal year end, as registered with the SEC, is December 31.
Where is Motorsport Games headquartered?
Motorsport Games lists its business address in Miramar, Florida in its SEC filings.