Golden Matrix Group, Inc. (GMGI) 10-Year Financial Performance & Capital Metrics

GMGI • • Industrial / General

TechnologyGaming & MultimediaGaming Platforms & ServicesGaming Infrastructure Providers

AboutGolden Matrix Group, Inc. provides enterprise software-as-a-service solutions for online casino and sports betting operators. The company develops and owns online gaming intellectual property; and builds gaming platforms for customers located primarily in the Asia Pacific region and Europe. Its platform facilitates gaming customers in operating online casinos, sportsbooks, lottery, and live games; and provides customers with access to a portfolio of licensed gaming content, which are provided by gaming content providers. The company also provides services and resells third party gaming content to licensed online gaming distributors. Its platform is accessed through desktop and mobile applications. The company was formerly known as Source Gold Corp. and changed its name to Golden Matrix Group, Inc. in April 2016. Golden Matrix Group, Inc. was incorporated in 2008 and is based in Las Vegas, Nevada.Show more

Revenue $151M +242.1%
EBITDA $14M +30219.5%
Net Income -$1M -26.2%
EPS (Diluted) -0.01 +60.7%
Gross Margin 58.61% +162.4%
EBITDA Margin 8.96% +8906.3%
Operating Margin 1.82% +252.4%
Net Margin -0.98% +63.1%
ROE -2.11% +45.1%
ROIC 3.11% +214.6%
Debt/Equity 0.36 +18908.4%
Interest Coverage 0.78 +101.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 120.8%
✓Trading at only 0.7x book value

✗Weaknesses

✗Weak momentum: RS Rating 6 (bottom 6%)
✗Shares diluted 100.0% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y120.76%

3Y35.78%

TTM81.58%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-418.37%

EPS CAGR

10Y-

5Y-

3Y-

TTM-201.11%

ROCE

10Y Avg41.63%

5Y Avg19.19%

3Y Avg0.7%

Latest3.03%

Peer Comparison

Gaming Infrastructure Providers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BRAGBragg Gaming Group Inc.	59.81M	2.35	-11.19	9.07%	-7.06%	-11.64%		0.14
GMGIGolden Matrix Group, Inc.	92.79M	0.66	-50.54	242.09%	-5.41%	-7.48%	2.07%	0.36

Profit & Loss

	Jul 2015	Jul 2016	Jul 2017	Jul 2018	Oct 2019	Jan 2021	Dec 2021	Oct 2022	Oct 2023	Dec 2024
Sales/Revenue+	0	20K	120K	915.8K	2.88M	5.22M	60.37M	36.03M	44.17M	151.12M
Revenue Growth %	-	-	5%	6.63%	2.15%	0.81%	10.56%	-0.4%	0.23%	2.42%
Cost of Goods Sold+	0	0	50K	72K	22K	2M	14.62M	26.87M	34.31M	62.54M
COGS % of Revenue	-	-	0.42%	0.08%	0.01%	0.38%	0.24%	0.75%	0.78%	0.41%
Gross Profit+	0	20K	70K	843.8K	2.86M	3.22M	45.75M	9.16M	9.87M	88.57M
Gross Margin %	-	1%	0.58%	0.92%	0.99%	0.62%	0.76%	0.25%	0.22%	0.59%
Gross Profit Growth %	-	-	2.5%	11.05%	2.39%	0.13%	13.19%	-0.8%	0.08%	7.97%
Operating Expenses+	2.04M	5.22M	320.44K	462.83K	581.62K	2.82M	31.45M	8.97M	10.4M	85.83M
OpEx % of Revenue	-	260.82%	2.67%	0.51%	0.2%	0.54%	0.52%	0.25%	0.24%	0.57%
Selling, General & Admin	2.04M	492.11K	320.44K	462.83K	581.62K	2.78M	20.29M	8.95M	10.4M	78.1M
SG&A % of Revenue	-	24.61%	2.67%	0.51%	0.2%	0.53%	0.34%	0.25%	0.24%	0.52%
Research & Development	0	0	0	0	0	47.56K	0	23.09K	0	0
R&D % of Revenue	-	-	-	-	-	0.01%	-	0%	-	-
Other Operating Expenses	0	4.72M	0	0	0	0	11.16M	0	0	7.73M
Operating Income+	-2.04M	-5.2M	-250.44K	-990.95K	1.81M	399.32K	14.3M	192.49K	-526.25K	2.74M
Operating Margin %	-	-259.82%	-2.09%	-1.08%	0.63%	0.08%	0.24%	0.01%	-0.01%	0.02%
Operating Income Growth %	-2.94%	-1.55%	0.95%	-2.96%	2.83%	-0.78%	34.81%	-0.99%	-3.73%	6.21%
EBITDA+	-1.82M	-521.64K	2.21M	-883.65K	2.02M	400.94K	18.16M	609.12K	-44.93K	13.53M
EBITDA Margin %	-	-26.08%	18.46%	-0.96%	0.7%	0.08%	0.3%	0.02%	-0%	0.09%
EBITDA Growth %	-2.51%	0.71%	5.25%	-1.4%	3.29%	-0.8%	44.3%	-0.97%	-1.07%	302.19%
D&A (Non-Cash Add-back)	221.81K	4.67M	2.47M	107.3K	206.84K	1.61K	3.86M	416.63K	481.31K	10.79M
EBIT	0	-5.2M	0	-990.95K	0	399.32K	14.3M	192.49K	-477.04K	4.73M
Net Interest Income+	-803.15K	-4.55M	-413.65K	-162.04K	-37.23K	-10.24K	-51.16K	0	44.6K	-3.3M
Interest Income	0	0	0	0	8.12K	1.61K	0	9.19K	57K	218.15K
Interest Expense	803.15K	4.55M	413.65K	162.04K	45.35K	11.85K	51.16K	9.19K	12.4K	3.52M
Other Income/Expense	221.81K	-258.09K	2.47M	-1.54M	-471.46K	9K	-135.95K	270.58K	36.8K	-1.54M
Pretax Income+	-2.62M	-10.01M	1.8M	-1.32M	1.77M	398.08K	14.16M	463.08K	-489.44K	1.21M
Pretax Margin %	-	-500.31%	15.01%	-1.44%	0.61%	0.08%	0.23%	0.01%	-0.01%	0.01%
Income Tax+	-221.81K	4.81M	-2.47M	1.7M	42.42K	10.24K	1.21M	419.05K	683.31K	2.62M
Effective Tax Rate %	1%	1%	1%	1%	1%	1%	0.91%	0.1%	2.4%	-1.22%
Net Income+	-2.62M	-10.01M	1.8M	-1.32M	1.77M	398.08K	12.87M	44.03K	-1.17M	-1.48M
Net Margin %	-	-500.31%	15.01%	-1.44%	0.61%	0.08%	0.21%	0%	-0.03%	-0.01%
Net Income Growth %	-0.9%	-2.82%	1.18%	-1.73%	2.34%	-0.78%	31.33%	-1%	-27.64%	-0.26%
Net Income (Continuing)	-	-	-	-	-	-	12.95M	44.03K	-1.17M	-1.41M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	3M	0	3.88M
EPS (Diluted)+	-999999.00	-6761.24	0.15	-0.17	0.07	0.01	0.03	-0.01	-0.03	-0.01
EPS Growth %	0.92%	1%	1%	-2.14%	1.4%	-0.82%	1.13%	-1.33%	-	0.61%
EPS (Basic)	-999999.00	-6761.24	6.00	-0.17	0.07	0.01	0.04	-0.01	-0.03	-0.01
Diluted Shares Outstanding	0	1.48K	12.01M	7.73M	27.86M	31.59M	32.28M	28.04M	35.42M	113.51M
Basic Shares Outstanding	0	1.48K	332.17K	7.73M	18.97M	31.59M	23.88M	28.04M	35.42M	113.52M
Dividend Payout Ratio	-	-	-	-	-	-	0.9%	-	-	-

Balance Sheet

	Jul 2015	Jul 2016	Jul 2017	Jul 2018	Oct 2019	Jan 2021	Dec 2021	Oct 2022	Oct 2023	Dec 2024
Total Current Assets+	63.12K	12.3K	87.67K	819.87K	3.01M	13.81M	20.04M	19.29M	22.85M	45.07M
Cash & Short-Term Investments	0	2.3K	25.17K	446.58K	1.73M	11.71M	16.8M	14.95M	17.1M	30.46M
Cash Only	0	2.3K	25.17K	446.58K	1.73M	11.71M	16.8M	14.95M	17.1M	30.13M
Short-Term Investments	0	0	0	0	0	0	0	0	0	330.3K
Accounts Receivable	63.12K	10K	62.5K	372.29K	1.27M	1.7M	3.07M	3.05M	3.88M	9.72M
Days Sales Outstanding	-	182.5	190.1	148.38	161.33	118.61	18.56	30.94	32.08	23.47
Inventory	0	0	0	0	0	0	-891.56K	1.15M	1.71M	3.94M
Days Inventory Outstanding	-	-	-	-	-	-	-	15.59	18.24	22.98
Other Current Assets	63.12K	0	0	1K	0	0	1.07M	136.95K	51.97K	0
Total Non-Current Assets+	85K	0	0	0	0	0	415.45K	13.28M	12.73M	168.65M
Property, Plant & Equipment	85K	0	0	0	0	0	280.18K	223.06K	103.09K	35.07M
Fixed Asset Turnover	-	-	-	-	-	-	215.46x	161.54x	428.50x	4.31x
Goodwill	0	0	0	0	0	0	0	10.45M	10.38M	71.25M
Intangible Assets	0	0	0	0	0	0	135.26K	2.61M	2.25M	56.39M
Long-Term Investments	0	0	0	0	0	0	0	0	0	218.15K
Other Non-Current Assets	0	0	0	0	0	0	0	0	0	5.72M
Total Assets+	148.12K	12.3K	87.67K	819.87K	3.01M	13.81M	20.46M	32.57M	35.58M	213.72M
Asset Turnover	-	1.63x	1.37x	1.12x	0.96x	0.38x	2.95x	1.11x	1.24x	0.71x
Asset Growth %	-0.1%	-0.92%	6.13%	8.35%	2.67%	3.6%	0.48%	0.59%	0.09%	5.01%
Total Current Liabilities+	2.97M	3.99M	1.62M	2.16M	1.83M	552.61K	1.35M	2.72M	4.48M	63.55M
Accounts Payable	35.44K	35.95K	21.09K	14.39K	41.1K	78.91K	1.07M	1.39M	2.85M	12.91M
Days Payables Outstanding	-	-	153.98	72.95	682.01	14.4	26.84	18.81	30.3	75.36
Short-Term Debt	2.68M	1.68M	933.15K	546.94K	1.22M	99	100.21K	95.08K	0	17.38M
Deferred Revenue (Current)	0	338.62K	533.39K	532.6K	552.05K	149.64K	68.64K	291.77K	456.73K	1000K
Other Current Liabilities	252.01K	1.94M	136.18K	1.07M	15K	245.04K	-969.6K	-441.86K	626.43K	628.68K
Current Ratio	0.02x	0.00x	0.05x	0.38x	1.65x	25.00x	14.86x	7.10x	5.10x	0.71x
Quick Ratio	0.02x	0.00x	0.05x	0.38x	1.65x	25.00x	15.52x	6.68x	4.72x	0.65x
Cash Conversion Cycle	-	-	-	-	-	-	-	27.72	20.02	-28.9
Total Non-Current Liabilities+	2.72M	0	954.25K	561.33K	145K	0	182.02K	59.78K	0	41.22M
Long-Term Debt	0	0	0	0	145K	0	182.02K	59.78K	0	14.36M
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	5.23M
Deferred Tax Liabilities	0	0	0	0	0	0	0	4.41K	0	6.61M
Other Non-Current Liabilities	0	0	0	0	0	0	0	-4.41K	0	15.01M
Total Liabilities	2.97M	3.99M	1.62M	2.16M	1.97M	552.61K	1.53M	2.77M	4.48M	104.77M
Total Debt+	2.68M	1.68M	933.15K	546.94K	1.36M	99	282.23K	154.86K	59.09K	39.35M
Net Debt	2.68M	1.68M	907.99K	100.36K	-367.53K	-11.71M	-16.52M	-14.79M	-17.04M	9.22M
Debt / Equity	-	-	-	-	1.32x	0.00x	0.01x	0.01x	0.00x	0.36x
Debt / EBITDA	-	-	0.42x	-	0.68x	0.00x	0.02x	0.25x	-	2.91x
Net Debt / EBITDA	-	-	0.41x	-	-0.18x	-29.20x	-0.91x	-24.29x	-	0.68x
Interest Coverage	-2.54x	-1.14x	-0.61x	-6.12x	39.96x	33.69x	279.49x	20.95x	-42.44x	0.78x
Total Equity+	-2.82M	-3.98M	-1.54M	-1.34M	1.03M	13.26M	18.93M	29.8M	31.1M	108.95M
Equity Growth %	-2.04%	-0.41%	0.61%	0.13%	1.77%	11.83%	0.43%	0.57%	0.04%	2.5%
Book Value per Share	-999999.00	-2690.70	-0.13	-0.17	0.04	0.42	0.59	1.06	0.88	0.96
Total Shareholders' Equity	-2.82M	-3.98M	-1.54M	-1.34M	1.03M	13.26M	18.93M	26.8M	31.1M	105.07M
Common Stock	3.47M	3.9K	1.41K	26.23K	28.45K	227	272	282	362	1.29K
Retained Earnings	-18.68M	-28.69M	-26.89M	-28.21M	-26.44M	-25.07M	-24.42M	-24.67M	-25.85M	57.05M
Treasury Stock	-	-	-	-	-	-	-	-	0	-121.43K
Accumulated OCI	-683	-683	-683	-683	-683	-978	-1.72K	-205.75K	-73.16K	-8.09M
Minority Interest	0	0	0	0	0	0	0	3M	0	3.88M

Cash Flow

	Jul 2015	Jul 2016	Jul 2017	Jul 2018	Oct 2019	Jan 2021	Dec 2021	Oct 2022	Oct 2023	Dec 2024
Cash from Operations+	-2.01M	1.3K	-15.13K	302.72K	1.45M	1.88M	21.16M	2.77M	2.21M	23.92M
Operating CF Margin %	-	0.06%	-0.13%	0.33%	0.5%	0.36%	0.35%	0.08%	0.05%	0.16%
Operating CF Growth %	-2.28%	1%	-12.67%	21.01%	3.8%	0.29%	10.27%	-0.87%	-0.2%	9.84%
Net Income	-2.62M	-10.01M	1.8M	-1.32M	1.77M	398.08K	12.87M	44.03K	-1.17M	-1.41M
Depreciation & Amortization	0	4.67M	327.65K	107.3K	206.84K	0	3.86M	407.44K	481.31K	10.79M
Stock-Based Compensation	0	0	0	1.24M	90.87K	1.63M	0	2.66M	2.18M	4.71M
Deferred Taxes	0	0	0	-1.03M	104.87K	0	0	0	0	0
Other Non-Cash Items	430.18K	4.81M	-2.47M	1.46M	146.01K	337.4K	212.5K	-104.05K	300.41K	3.52M
Working Capital Changes	180.46K	522.94K	321.31K	-156.52K	-866.57K	-487.84K	4.21M	-235.21K	413.38K	6.31M
Change in Receivables	0	-10K	-52.5K	-309.79K	-1.07M	-761.7K	-898.61K	-100.22K	-3.04M	-425.87K
Change in Inventory	0	0	11.64K	0	0	-391.61K	-32.34K	-417.89K	-514.86K	-958.11K
Change in Payables	13.16K	1.02M	-11.64K	99.53K	177.04K	515.83K	0	374.06K	3.67M	4.33M
Cash from Investing+	0	0	0	0	0	192	-8.55M	-4.41M	-95.96K	-37.43M
Capital Expenditures	0	0	0	0	0	0	-7.88M	-158.36K	-12.46K	-7.16M
CapEx % of Revenue	-	-	-	-	-	-	0.13%	0%	0%	0.05%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	0	0	192	-554.09K	0	-52.79K	-14.83M
Cash from Financing+	2.01M	1K	38K	118.7K	-167.42K	7.97M	4.05M	32K	-32.32K	27.71M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	-11.6M	0	0	-769.53K
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	2.01M	-499K	-606.22K	-516.96K	-209.41K	7K	17.15M	32K	0	8.78M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-2.01M	1.3K	-15.13K	302.72K	1.45M	1.88M	13.28M	2.61M	2.14M	1.92M
FCF Margin %	-	0.06%	-0.13%	0.33%	0.5%	0.36%	0.22%	0.07%	0.05%	0.01%
FCF Growth %	-2.28%	1%	-12.67%	21.01%	3.8%	0.29%	6.07%	-0.8%	-0.18%	-0.1%
FCF per Share	-999999.00	0.88	-0.00	0.04	0.05	0.06	0.41	0.09	0.06	0.02
FCF Conversion (FCF/Net Income)	0.77x	-0.00x	-0.01x	-0.23x	0.82x	4.72x	1.64x	62.95x	-1.88x	-16.16x
Interest Paid	-	-	-	-	-	-	67.66K	-	12.4K	1.35M
Taxes Paid	-	-	-	-	-	-	0	-	531.75K	3.92M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	-	-	-	171.28%	5.57%	79.96%	0.18%	-3.85%	-2.11%
Return on Invested Capital (ROIC)	-	-	-	-	204.15%	26.96%	540.46%	1.66%	-2.72%	3.11%
Gross Margin	-	100%	58.33%	92.14%	99.24%	61.71%	75.79%	25.43%	22.34%	58.61%
Net Margin	-	-50031.22%	1500.9%	-143.96%	61.41%	7.62%	21.32%	0.12%	-2.65%	-0.98%
Debt / Equity	-	-	-	-	1.32x	0.00x	0.01x	0.01x	0.00x	0.36x
Interest Coverage	-2.54x	-1.14x	-0.61x	-6.12x	39.96x	33.69x	279.49x	20.95x	-42.44x	0.78x
FCF Conversion	0.77x	-0.00x	-0.01x	-0.23x	0.82x	4.72x	1.64x	62.95x	-1.88x	-16.16x
Revenue Growth	-	-	500%	663.17%	214.72%	81.22%	1055.79%	-40.31%	22.59%	242.09%

Frequently Asked Questions

Growth & Financials

Golden Matrix Group, Inc. (GMGI) reported $172.8M in revenue for fiscal year 2024.

Golden Matrix Group, Inc. (GMGI) grew revenue by 242.1% over the past year. This is strong growth.

Golden Matrix Group, Inc. (GMGI) reported a net loss of $9.4M for fiscal year 2024.

Dividend & Returns

Yes, Golden Matrix Group, Inc. (GMGI) pays a dividend with a yield of 1.03%. This makes it attractive for income-focused investors.

Golden Matrix Group, Inc. (GMGI) has a return on equity (ROE) of -2.1%. Negative ROE indicates the company is unprofitable.

Golden Matrix Group, Inc. (GMGI) generated $5.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Golden Matrix Group, Inc. (GMGI) 10-Year Financial Performance & Capital Metrics

GMGI • • Industrial / General

TechnologyGaming & MultimediaGaming Platforms & ServicesGaming Infrastructure Providers

Revenue $151M +242.1%
EBITDA $14M +30219.5%
Net Income -$1M -26.2%
EPS (Diluted) -0.01 +60.7%
Gross Margin 58.61% +162.4%
EBITDA Margin 8.96% +8906.3%
Operating Margin 1.82% +252.4%
Net Margin -0.98% +63.1%
ROE -2.11% +45.1%
ROIC 3.11% +214.6%
Debt/Equity 0.36 +18908.4%
Interest Coverage 0.78 +101.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 120.8%
✓Trading at only 0.7x book value

✗Weaknesses

✗Weak momentum: RS Rating 6 (bottom 6%)
✗Shares diluted 100.0% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y120.76%

3Y35.78%

TTM81.58%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-418.37%

EPS CAGR

10Y-

5Y-

3Y-

TTM-201.11%

ROCE

10Y Avg41.63%

5Y Avg19.19%

3Y Avg0.7%

Latest3.03%

Peer Comparison

Gaming Infrastructure Providers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BRAGBragg Gaming Group Inc.	59.81M	2.35	-11.19	9.07%	-7.06%	-11.64%		0.14
GMGIGolden Matrix Group, Inc.	92.79M	0.66	-50.54	242.09%	-5.41%	-7.48%	2.07%	0.36

Profit & Loss

	Jul 2015	Jul 2016	Jul 2017	Jul 2018	Oct 2019	Jan 2021	Dec 2021	Oct 2022	Oct 2023	Dec 2024
Sales/Revenue+	0	20K	120K	915.8K	2.88M	5.22M	60.37M	36.03M	44.17M	151.12M
Revenue Growth %	-	-	5%	6.63%	2.15%	0.81%	10.56%	-0.4%	0.23%	2.42%
Cost of Goods Sold+	0	0	50K	72K	22K	2M	14.62M	26.87M	34.31M	62.54M
COGS % of Revenue	-	-	0.42%	0.08%	0.01%	0.38%	0.24%	0.75%	0.78%	0.41%
Gross Profit+	0	20K	70K	843.8K	2.86M	3.22M	45.75M	9.16M	9.87M	88.57M
Gross Margin %	-	1%	0.58%	0.92%	0.99%	0.62%	0.76%	0.25%	0.22%	0.59%
Gross Profit Growth %	-	-	2.5%	11.05%	2.39%	0.13%	13.19%	-0.8%	0.08%	7.97%
Operating Expenses+	2.04M	5.22M	320.44K	462.83K	581.62K	2.82M	31.45M	8.97M	10.4M	85.83M
OpEx % of Revenue	-	260.82%	2.67%	0.51%	0.2%	0.54%	0.52%	0.25%	0.24%	0.57%
Selling, General & Admin	2.04M	492.11K	320.44K	462.83K	581.62K	2.78M	20.29M	8.95M	10.4M	78.1M
SG&A % of Revenue	-	24.61%	2.67%	0.51%	0.2%	0.53%	0.34%	0.25%	0.24%	0.52%
Research & Development	0	0	0	0	0	47.56K	0	23.09K	0	0
R&D % of Revenue	-	-	-	-	-	0.01%	-	0%	-	-
Other Operating Expenses	0	4.72M	0	0	0	0	11.16M	0	0	7.73M
Operating Income+	-2.04M	-5.2M	-250.44K	-990.95K	1.81M	399.32K	14.3M	192.49K	-526.25K	2.74M
Operating Margin %	-	-259.82%	-2.09%	-1.08%	0.63%	0.08%	0.24%	0.01%	-0.01%	0.02%
Operating Income Growth %	-2.94%	-1.55%	0.95%	-2.96%	2.83%	-0.78%	34.81%	-0.99%	-3.73%	6.21%
EBITDA+	-1.82M	-521.64K	2.21M	-883.65K	2.02M	400.94K	18.16M	609.12K	-44.93K	13.53M
EBITDA Margin %	-	-26.08%	18.46%	-0.96%	0.7%	0.08%	0.3%	0.02%	-0%	0.09%
EBITDA Growth %	-2.51%	0.71%	5.25%	-1.4%	3.29%	-0.8%	44.3%	-0.97%	-1.07%	302.19%
D&A (Non-Cash Add-back)	221.81K	4.67M	2.47M	107.3K	206.84K	1.61K	3.86M	416.63K	481.31K	10.79M
EBIT	0	-5.2M	0	-990.95K	0	399.32K	14.3M	192.49K	-477.04K	4.73M
Net Interest Income+	-803.15K	-4.55M	-413.65K	-162.04K	-37.23K	-10.24K	-51.16K	0	44.6K	-3.3M
Interest Income	0	0	0	0	8.12K	1.61K	0	9.19K	57K	218.15K
Interest Expense	803.15K	4.55M	413.65K	162.04K	45.35K	11.85K	51.16K	9.19K	12.4K	3.52M
Other Income/Expense	221.81K	-258.09K	2.47M	-1.54M	-471.46K	9K	-135.95K	270.58K	36.8K	-1.54M
Pretax Income+	-2.62M	-10.01M	1.8M	-1.32M	1.77M	398.08K	14.16M	463.08K	-489.44K	1.21M
Pretax Margin %	-	-500.31%	15.01%	-1.44%	0.61%	0.08%	0.23%	0.01%	-0.01%	0.01%
Income Tax+	-221.81K	4.81M	-2.47M	1.7M	42.42K	10.24K	1.21M	419.05K	683.31K	2.62M
Effective Tax Rate %	1%	1%	1%	1%	1%	1%	0.91%	0.1%	2.4%	-1.22%
Net Income+	-2.62M	-10.01M	1.8M	-1.32M	1.77M	398.08K	12.87M	44.03K	-1.17M	-1.48M
Net Margin %	-	-500.31%	15.01%	-1.44%	0.61%	0.08%	0.21%	0%	-0.03%	-0.01%
Net Income Growth %	-0.9%	-2.82%	1.18%	-1.73%	2.34%	-0.78%	31.33%	-1%	-27.64%	-0.26%
Net Income (Continuing)	-	-	-	-	-	-	12.95M	44.03K	-1.17M	-1.41M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	3M	0	3.88M
EPS (Diluted)+	-999999.00	-6761.24	0.15	-0.17	0.07	0.01	0.03	-0.01	-0.03	-0.01
EPS Growth %	0.92%	1%	1%	-2.14%	1.4%	-0.82%	1.13%	-1.33%	-	0.61%
EPS (Basic)	-999999.00	-6761.24	6.00	-0.17	0.07	0.01	0.04	-0.01	-0.03	-0.01
Diluted Shares Outstanding	0	1.48K	12.01M	7.73M	27.86M	31.59M	32.28M	28.04M	35.42M	113.51M
Basic Shares Outstanding	0	1.48K	332.17K	7.73M	18.97M	31.59M	23.88M	28.04M	35.42M	113.52M
Dividend Payout Ratio	-	-	-	-	-	-	0.9%	-	-	-

Balance Sheet

	Jul 2015	Jul 2016	Jul 2017	Jul 2018	Oct 2019	Jan 2021	Dec 2021	Oct 2022	Oct 2023	Dec 2024
Total Current Assets+	63.12K	12.3K	87.67K	819.87K	3.01M	13.81M	20.04M	19.29M	22.85M	45.07M
Cash & Short-Term Investments	0	2.3K	25.17K	446.58K	1.73M	11.71M	16.8M	14.95M	17.1M	30.46M
Cash Only	0	2.3K	25.17K	446.58K	1.73M	11.71M	16.8M	14.95M	17.1M	30.13M
Short-Term Investments	0	0	0	0	0	0	0	0	0	330.3K
Accounts Receivable	63.12K	10K	62.5K	372.29K	1.27M	1.7M	3.07M	3.05M	3.88M	9.72M
Days Sales Outstanding	-	182.5	190.1	148.38	161.33	118.61	18.56	30.94	32.08	23.47
Inventory	0	0	0	0	0	0	-891.56K	1.15M	1.71M	3.94M
Days Inventory Outstanding	-	-	-	-	-	-	-	15.59	18.24	22.98
Other Current Assets	63.12K	0	0	1K	0	0	1.07M	136.95K	51.97K	0
Total Non-Current Assets+	85K	0	0	0	0	0	415.45K	13.28M	12.73M	168.65M
Property, Plant & Equipment	85K	0	0	0	0	0	280.18K	223.06K	103.09K	35.07M
Fixed Asset Turnover	-	-	-	-	-	-	215.46x	161.54x	428.50x	4.31x
Goodwill	0	0	0	0	0	0	0	10.45M	10.38M	71.25M
Intangible Assets	0	0	0	0	0	0	135.26K	2.61M	2.25M	56.39M
Long-Term Investments	0	0	0	0	0	0	0	0	0	218.15K
Other Non-Current Assets	0	0	0	0	0	0	0	0	0	5.72M
Total Assets+	148.12K	12.3K	87.67K	819.87K	3.01M	13.81M	20.46M	32.57M	35.58M	213.72M
Asset Turnover	-	1.63x	1.37x	1.12x	0.96x	0.38x	2.95x	1.11x	1.24x	0.71x
Asset Growth %	-0.1%	-0.92%	6.13%	8.35%	2.67%	3.6%	0.48%	0.59%	0.09%	5.01%
Total Current Liabilities+	2.97M	3.99M	1.62M	2.16M	1.83M	552.61K	1.35M	2.72M	4.48M	63.55M
Accounts Payable	35.44K	35.95K	21.09K	14.39K	41.1K	78.91K	1.07M	1.39M	2.85M	12.91M
Days Payables Outstanding	-	-	153.98	72.95	682.01	14.4	26.84	18.81	30.3	75.36
Short-Term Debt	2.68M	1.68M	933.15K	546.94K	1.22M	99	100.21K	95.08K	0	17.38M
Deferred Revenue (Current)	0	338.62K	533.39K	532.6K	552.05K	149.64K	68.64K	291.77K	456.73K	1000K
Other Current Liabilities	252.01K	1.94M	136.18K	1.07M	15K	245.04K	-969.6K	-441.86K	626.43K	628.68K
Current Ratio	0.02x	0.00x	0.05x	0.38x	1.65x	25.00x	14.86x	7.10x	5.10x	0.71x
Quick Ratio	0.02x	0.00x	0.05x	0.38x	1.65x	25.00x	15.52x	6.68x	4.72x	0.65x
Cash Conversion Cycle	-	-	-	-	-	-	-	27.72	20.02	-28.9
Total Non-Current Liabilities+	2.72M	0	954.25K	561.33K	145K	0	182.02K	59.78K	0	41.22M
Long-Term Debt	0	0	0	0	145K	0	182.02K	59.78K	0	14.36M
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	5.23M
Deferred Tax Liabilities	0	0	0	0	0	0	0	4.41K	0	6.61M
Other Non-Current Liabilities	0	0	0	0	0	0	0	-4.41K	0	15.01M
Total Liabilities	2.97M	3.99M	1.62M	2.16M	1.97M	552.61K	1.53M	2.77M	4.48M	104.77M
Total Debt+	2.68M	1.68M	933.15K	546.94K	1.36M	99	282.23K	154.86K	59.09K	39.35M
Net Debt	2.68M	1.68M	907.99K	100.36K	-367.53K	-11.71M	-16.52M	-14.79M	-17.04M	9.22M
Debt / Equity	-	-	-	-	1.32x	0.00x	0.01x	0.01x	0.00x	0.36x
Debt / EBITDA	-	-	0.42x	-	0.68x	0.00x	0.02x	0.25x	-	2.91x
Net Debt / EBITDA	-	-	0.41x	-	-0.18x	-29.20x	-0.91x	-24.29x	-	0.68x
Interest Coverage	-2.54x	-1.14x	-0.61x	-6.12x	39.96x	33.69x	279.49x	20.95x	-42.44x	0.78x
Total Equity+	-2.82M	-3.98M	-1.54M	-1.34M	1.03M	13.26M	18.93M	29.8M	31.1M	108.95M
Equity Growth %	-2.04%	-0.41%	0.61%	0.13%	1.77%	11.83%	0.43%	0.57%	0.04%	2.5%
Book Value per Share	-999999.00	-2690.70	-0.13	-0.17	0.04	0.42	0.59	1.06	0.88	0.96
Total Shareholders' Equity	-2.82M	-3.98M	-1.54M	-1.34M	1.03M	13.26M	18.93M	26.8M	31.1M	105.07M
Common Stock	3.47M	3.9K	1.41K	26.23K	28.45K	227	272	282	362	1.29K
Retained Earnings	-18.68M	-28.69M	-26.89M	-28.21M	-26.44M	-25.07M	-24.42M	-24.67M	-25.85M	57.05M
Treasury Stock	-	-	-	-	-	-	-	-	0	-121.43K
Accumulated OCI	-683	-683	-683	-683	-683	-978	-1.72K	-205.75K	-73.16K	-8.09M
Minority Interest	0	0	0	0	0	0	0	3M	0	3.88M

Cash Flow

	Jul 2015	Jul 2016	Jul 2017	Jul 2018	Oct 2019	Jan 2021	Dec 2021	Oct 2022	Oct 2023	Dec 2024
Cash from Operations+	-2.01M	1.3K	-15.13K	302.72K	1.45M	1.88M	21.16M	2.77M	2.21M	23.92M
Operating CF Margin %	-	0.06%	-0.13%	0.33%	0.5%	0.36%	0.35%	0.08%	0.05%	0.16%
Operating CF Growth %	-2.28%	1%	-12.67%	21.01%	3.8%	0.29%	10.27%	-0.87%	-0.2%	9.84%
Net Income	-2.62M	-10.01M	1.8M	-1.32M	1.77M	398.08K	12.87M	44.03K	-1.17M	-1.41M
Depreciation & Amortization	0	4.67M	327.65K	107.3K	206.84K	0	3.86M	407.44K	481.31K	10.79M
Stock-Based Compensation	0	0	0	1.24M	90.87K	1.63M	0	2.66M	2.18M	4.71M
Deferred Taxes	0	0	0	-1.03M	104.87K	0	0	0	0	0
Other Non-Cash Items	430.18K	4.81M	-2.47M	1.46M	146.01K	337.4K	212.5K	-104.05K	300.41K	3.52M
Working Capital Changes	180.46K	522.94K	321.31K	-156.52K	-866.57K	-487.84K	4.21M	-235.21K	413.38K	6.31M
Change in Receivables	0	-10K	-52.5K	-309.79K	-1.07M	-761.7K	-898.61K	-100.22K	-3.04M	-425.87K
Change in Inventory	0	0	11.64K	0	0	-391.61K	-32.34K	-417.89K	-514.86K	-958.11K
Change in Payables	13.16K	1.02M	-11.64K	99.53K	177.04K	515.83K	0	374.06K	3.67M	4.33M
Cash from Investing+	0	0	0	0	0	192	-8.55M	-4.41M	-95.96K	-37.43M
Capital Expenditures	0	0	0	0	0	0	-7.88M	-158.36K	-12.46K	-7.16M
CapEx % of Revenue	-	-	-	-	-	-	0.13%	0%	0%	0.05%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	0	0	192	-554.09K	0	-52.79K	-14.83M
Cash from Financing+	2.01M	1K	38K	118.7K	-167.42K	7.97M	4.05M	32K	-32.32K	27.71M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	-11.6M	0	0	-769.53K
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	2.01M	-499K	-606.22K	-516.96K	-209.41K	7K	17.15M	32K	0	8.78M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-2.01M	1.3K	-15.13K	302.72K	1.45M	1.88M	13.28M	2.61M	2.14M	1.92M
FCF Margin %	-	0.06%	-0.13%	0.33%	0.5%	0.36%	0.22%	0.07%	0.05%	0.01%
FCF Growth %	-2.28%	1%	-12.67%	21.01%	3.8%	0.29%	6.07%	-0.8%	-0.18%	-0.1%
FCF per Share	-999999.00	0.88	-0.00	0.04	0.05	0.06	0.41	0.09	0.06	0.02
FCF Conversion (FCF/Net Income)	0.77x	-0.00x	-0.01x	-0.23x	0.82x	4.72x	1.64x	62.95x	-1.88x	-16.16x
Interest Paid	-	-	-	-	-	-	67.66K	-	12.4K	1.35M
Taxes Paid	-	-	-	-	-	-	0	-	531.75K	3.92M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	-	-	-	171.28%	5.57%	79.96%	0.18%	-3.85%	-2.11%
Return on Invested Capital (ROIC)	-	-	-	-	204.15%	26.96%	540.46%	1.66%	-2.72%	3.11%
Gross Margin	-	100%	58.33%	92.14%	99.24%	61.71%	75.79%	25.43%	22.34%	58.61%
Net Margin	-	-50031.22%	1500.9%	-143.96%	61.41%	7.62%	21.32%	0.12%	-2.65%	-0.98%
Debt / Equity	-	-	-	-	1.32x	0.00x	0.01x	0.01x	0.00x	0.36x
Interest Coverage	-2.54x	-1.14x	-0.61x	-6.12x	39.96x	33.69x	279.49x	20.95x	-42.44x	0.78x
FCF Conversion	0.77x	-0.00x	-0.01x	-0.23x	0.82x	4.72x	1.64x	62.95x	-1.88x	-16.16x
Revenue Growth	-	-	500%	663.17%	214.72%	81.22%	1055.79%	-40.31%	22.59%	242.09%

Frequently Asked Questions

Growth & Financials

Golden Matrix Group, Inc. (GMGI) reported $172.8M in revenue for fiscal year 2024.

Golden Matrix Group, Inc. (GMGI) grew revenue by 242.1% over the past year. This is strong growth.

Golden Matrix Group, Inc. (GMGI) reported a net loss of $9.4M for fiscal year 2024.

Dividend & Returns

Yes, Golden Matrix Group, Inc. (GMGI) pays a dividend with a yield of 1.03%. This makes it attractive for income-focused investors.

Golden Matrix Group, Inc. (GMGI) has a return on equity (ROE) of -2.1%. Negative ROE indicates the company is unprofitable.

Golden Matrix Group, Inc. (GMGI) generated $5.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.