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MSGM logoMotorsport Games Inc.(MSGM)Earnings, Financials & Key Ratios

MSGM•NASDAQ
$4.49
$22M mkt cap·3.1× P/E·Price updated May 6, 2026
SectorTechnologyIndustryGaming & MultimediaSub-IndustryGame Publishers (Console, PC, Mobile)
AboutMotorsport Games Inc. develops and publishes multi-platform racing video games in the United States. It operates through Gaming and Esports segments. The company offers video games for game consoles, personal computer, and mobile platforms through various retail and digital channels, including full-game and downloadable content. It also organizes and facilitates esports tournaments, competitions, and events for its licensed racing games, as well as on behalf of third-party racing game developers and publishers. The company sells its video game products through various retail and digital channels. Motorsport Games Inc. was founded in 2018 and is headquartered in Miami, Florida. Motorsport Games Inc. operates as a subsidiary of Motorsport Network LLC.Show more
  • Revenue$11M+30.0%
  • EBITDA$3M+229.0%
  • Net Income$7M+351.7%
  • EPS (Diluted)1.43+252.1%
  • Gross Margin81.47%+29.6%
  • EBITDA Margin24.45%+153.0%
  • Operating Margin14.52%+172.1%
  • Net Margin61.32%+293.5%
  • ROE157.33%+194.7%
  • ROIC81.48%+131.9%
  • Debt/Equity0.00-94.0%
  • Interest Coverage87.32+702.6%
Technical→

MSGM Key Insights

Motorsport Games Inc. (MSGM) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓FCF machine: 35.9% free cash flow margin
  • ✓Momentum leader: RS Rating 88 (top 12%)

✗Weaknesses

  • ✗Sales declining 9.9% over 5 years
  • ✗Shares diluted 65.7% in last year

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

MSGM Price & Volume

Motorsport Games Inc. (MSGM) stock price & volume — 10-year historical chart

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MSGM Growth Metrics

Motorsport Games Inc. (MSGM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years-9.92%
3 Years3.05%
TTM30.05%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM303.55%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM255.37%

Return on Capital

10 Years-110.56%
5 Years-159.49%
3 Years-164.04%
Last Year33.31%

MSGM Peer Comparison

Motorsport Games Inc. (MSGM) competitors in Game Publishers (Console, PC, Mobile) — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
GFAI logoGFAIGuardforce AI Co., LimitedDirect Competitor11.57M0.53-10.18%-32.94%-69.69%0.08
EA logoEAElectronic Arts Inc.Product Competitor50.44B201.570.91%11.75%14.19%4.61%0.22
TTWO logoTTWOTake-Two Interactive Software, Inc.Product Competitor46.59B223.11-8.725.31%-60.45%-113.43%1.92
PLTK logoPLTKPlaytika Holding Corp.Product Competitor1.37B3.64-6.748.08%-7.49%38.72%
GLBE logoGLBEGlobal-e Online Ltd.Product Competitor5.35B31.6181.0527.82%7.1%7.32%5.25%0.04
NCTY logoNCTYThe9 LimitedProduct Competitor26.29M5.62-0.75-7.36%-78.94%-120.59%0.97
GDEV logoGDEVGDEV Inc.Product Competitor290.08M16.0011.59-9.39%12.72%9.68%
MSFT logoMSFTMicrosoft CorporationSupply Chain3.06T411.3530.1614.93%39.34%33.13%2.34%0.33

Compare MSGM vs Peers

Motorsport Games Inc. (MSGM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs GFAI

Most directly comparable listed peer for MSGM.

Scale Benchmark

vs NVDA

Larger-name benchmark to compare MSGM against a more recognizable public peer.

Peer Set

Compare Top 5

vs GFAI, EA, TTWO, PLTK

MSGM Income Statement

Motorsport Games Inc. (MSGM) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Sales/Revenue14.76M11.85M19.05M15.08M10.32M6.91M8.69M11.3M
Revenue Growth %--19.69%60.71%-20.84%-31.51%-33.08%25.73%30.05%
Cost of Goods Sold5.6M4.89M6.6M7.53M4.96M3.62M3.23M2.09M
COGS % of Revenue37.95%41.25%34.63%49.94%48.04%52.4%37.13%18.53%
Gross Profit
9.16M▲ 0%
6.96M▼ 24.0%
12.45M▲ 78.8%
7.55M▼ 39.4%
5.36M▼ 28.9%
3.29M▼ 38.7%
5.46M▲ 66.1%
9.2M▲ 68.5%
Gross Margin %62.05%58.75%65.37%50.06%51.96%47.6%62.87%81.47%
Gross Profit Growth %--23.97%78.83%-39.38%-28.92%-38.68%66.05%68.53%
Operating Expenses9.85M12.14M12.45M42.07M40.39M19.66M7.21M5.76M
OpEx % of Revenue66.72%102.42%65.36%279.08%391.21%284.54%83.01%50.96%
Selling, General & Admin6.05M6.38M7.74M31.85M19.94M11.06M7.62M5.76M
SG&A % of Revenue41.02%53.81%40.63%211.3%193.1%160.03%87.74%50.96%
Research & Development3.79M4.78M4.65M9.62M10.42M7.24M3.38M1.76M
R&D % of Revenue25.71%40.37%24.41%63.82%100.9%104.74%38.89%15.58%
Other Operating Expenses0976.64K61.58K597.3K10.04M1.37M-3.79M-1.76M
Operating Income
-689.21K▲ 0%
-5.18M▼ 651.0%
1.15K▲ 100.0%
-34.53M▼ 3010270.7%
-35.03M▼ 1.4%
-16.37M▲ 53.3%
-1.75M▲ 89.3%
1.64M▲ 193.7%
Operating Margin %-4.67%-43.68%0.01%-229.02%-339.25%-236.94%-20.14%14.52%
Operating Income Growth %--651.02%100.02%-3010270.71%-1.45%53.26%89.31%193.74%
EBITDA-227.72K-4.31M721.33K-32.74M-32.96M-14.26M839.59K2.76M
EBITDA Margin %-1.54%-36.4%3.79%-217.18%-319.28%-206.32%9.66%24.45%
EBITDA Growth %--1794.53%116.72%-4639.08%-0.68%56.75%105.89%229.03%
D&A (Non-Cash Add-back)461.49K861.87K720.18K1.79M2.06M2.12M2.59M1.12M
EBIT-1.13M-5.76M37.64K-33.2M-35.69M-13.55M-2.93M1.64M
Net Interest Income035.73K-717.5K-504.16K-1.15M-772.99K-120.76K-18.79K
Interest Income26.25K35.73K1.34K00000
Interest Expense00718.84K504.16K1.15M772.99K120.76K18.79K
Other Income/Expense8.38K-579.45K-681K821.91K-1.81M2.05M-1.3M4.96M
Pretax Income
-1.15M▲ 0%
-5.76M▼ 399.0%
-679.85K▲ 88.2%
-33.7M▼ 4857.6%
-36.84M▼ 9.3%
-14.32M▲ 61.1%
-3.05M▲ 78.7%
6.6M▲ 316.5%
Pretax Margin %-7.82%-48.57%-3.57%-223.57%-356.82%-207.29%-35.09%58.41%
Income Tax-2.32K000000-245.26K
Effective Tax Rate %0.2%0%0%0%0%0%0%-3.72%
Net Income
-2.01M▲ 0%
-3.56M▼ 77.3%
-1.76M▲ 50.7%
-33.16M▼ 1787.8%
-35.99M▼ 8.5%
-14.32M▲ 60.2%
-2.75M▲ 80.8%
6.93M▲ 351.7%
Net Margin %-13.63%-30.08%-9.22%-219.97%-348.59%-207.29%-31.69%61.32%
Net Income Growth %--77.26%50.71%-1787.8%-8.53%60.2%80.78%351.66%
Net Income (Continuing)-1.15M-5.76M-679.85K-33.7M-36.84M-14.32M-3.05M6.84M
Discontinued Operations00000000
Minority Interest8.87M6.68M2.65M1.26M369.69K1.05M729.74K805.55K
EPS (Diluted)
-1.15▲ 0%
-1.69▼ 47.0%
-1.76▼ 4.1%
-29.10▼ 1553.4%
-30.73▼ 5.6%
-5.06▲ 83.5%
-0.94▲ 81.4%
1.43▲ 252.1%
EPS Growth %--46.96%-4.14%-1553.41%-5.6%83.53%81.42%252.13%
EPS (Basic)-1.15-1.69-1.76-29.10-30.73-5.06-0.941.43
Diluted Shares Outstanding1.75M1.75M1.03M1.17M1.17M2.58M2.92M4.84M
Basic Shares Outstanding1.75M1.75M1.03M1.17M1.17M2.58M2.92M4.84M
Dividend Payout Ratio--------

MSGM Balance Sheet

Motorsport Games Inc. (MSGM) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Current Assets8.7M7.13M10.47M24.62M4.04M3.52M2.8M7.59M
Cash & Short-Term Investments3.41M1.96M3.99M17.82M979.31K1.68M859.27K4.99M
Cash Only3.41M1.96M3.99M17.82M979.31K1.68M859.27K4.99M
Short-Term Investments00000000
Accounts Receivable5.2M5.09M5.98M5.63M2.02M735.84K1.45M2.24M
Days Sales Outstanding128.71156.84114.52136.2671.2638.8760.7972.48
Inventory00000000
Days Inventory Outstanding--------
Other Current Assets00001.05M1.11M490.22K350.49K
Total Non-Current Assets6.97M5.65M6.91M26.08M14.85M6.24M3.47M4.38M
Property, Plant & Equipment70.73K127.41K162.15K727.09K1.49M445K106.44K55.56K
Fixed Asset Turnover208.62x93.02x117.46x20.73x6.91x15.53x81.62x203.33x
Goodwill712.73K137.72K137.72K4.87M0000
Intangible Assets6.14M5.33M5.57M20.49M13.36M5.8M3.37M3.77M
Long-Term Investments00000000
Other Non-Current Assets49.78K55.36K1.05M000060.53K
Total Assets
15.67M▲ 0%
12.78M▼ 18.5%
17.39M▲ 36.1%
50.7M▲ 191.6%
18.9M▼ 62.7%
9.76M▼ 48.4%
6.27M▼ 35.8%
11.97M▲ 90.9%
Asset Turnover0.94x0.93x1.10x0.30x0.55x0.71x1.39x0.94x
Asset Growth %--18.46%36.08%191.62%-62.73%-48.36%-35.77%90.93%
Total Current Liabilities6.3M9.17M14.91M9.12M13.32M7.59M5.02M3.37M
Accounts Payable832.14K266.85K705.95K1.78M2.37M813.66K2.98M918.28K
Days Payables Outstanding54.2419.9239.0786.52174.5682.03336.76160.12
Short-Term Debt4.48M8.05M10.85M119.02K00017.57K
Deferred Revenue (Current)000523.8K311.94K270.85K390.46K1.13M
Other Current Liabilities275.15K-8.05M-10.85M3.31M3.79M5.2M959.96K1.17M
Current Ratio1.38x0.78x0.70x2.70x0.30x0.46x0.56x2.25x
Quick Ratio1.38x0.78x0.70x2.70x0.30x0.46x0.56x2.25x
Cash Conversion Cycle--------
Total Non-Current Liabilities00856.69K3.6M3.67M76.76K20.44K1.02M
Long-Term Debt00000000
Capital Lease Obligations0000617.29K45.66K16.31K0
Deferred Tax Liabilities0000000222.83K
Other Non-Current Liabilities00856.69K3.6M3.06M31.1K4.13K798.19K
Total Liabilities6.3M9.17M15.77M12.72M16.99M7.67M5.04M4.39M
Total Debt4.48M8.05M10.85M119.02K997.83K198.67K47.41K17.57K
Net Debt1.07M6.09M6.86M-17.7M18.52K-1.48M-811.86K-4.98M
Debt / Equity0.48x2.23x6.72x0.00x0.52x0.10x0.04x0.00x
Debt / EBITDA--15.05x---0.06x0.01x
Net Debt / EBITDA--9.51x----0.97x-1.80x
Interest Coverage--0.00x-68.48x-30.51x-21.18x-14.49x87.32x
Total Equity
9.37M▲ 0%
3.61M▼ 61.4%
1.62M▼ 55.3%
37.98M▲ 2250.6%
1.9M▼ 95.0%
2.09M▲ 9.8%
1.23M▼ 41.3%
7.58M▲ 518.4%
Equity Growth %--61.44%-55.26%2250.62%-94.99%9.79%-41.33%518.37%
Book Value per Share5.372.071.5732.601.620.810.421.57
Total Shareholders' Equity499.79K-3.06M-1.03M36.72M1.53M1.04M496.26K6.78M
Common Stock499.79K001.86K187339385644
Retained Earnings499.79K0-4.83M-37.99M-73.98M-89.04M-91.79M-84.86M
Treasury Stock00000000
Accumulated OCI004.93K-945.38K-933.41K-1.85M-674.43K-3.58M
Minority Interest8.87M6.68M2.65M1.26M369.69K1.05M729.74K805.55K

MSGM Cash Flow Statement

Motorsport Games Inc. (MSGM) cash flow — operating, investing & free cash flow history

Line itemDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations-902.22K-4.42M4.05M-20.94M-19.52M-12.92M-2.84M4.07M
Operating CF Margin %-6.11%-37.34%21.28%-138.91%-189.07%-186.93%-32.67%36.05%
Operating CF Growth %--390.44%191.6%-616.65%6.79%33.83%78.03%243.51%
Net Income-2.01M-5.76M-1.76M-33.7M-36.84M-13.05M-3.05M6.84M
Depreciation & Amortization461.49K861.87K720.18K1.79M2.06M2.12M2.59M1.12M
Stock-Based Compensation546.55K009.73M714.52K957.3K152.96K789.35K
Deferred Taxes0000000-270.1K
Other Non-Cash Items2.41M1.24M1.49M3.26M12.93M-130.46K-2.46M-3.47M
Working Capital Changes-444.19K-769.91K3.6M-2.01M1.62M-2.81M-71.49K-945.54K
Change in Receivables-325.83K56.34K642.73K-3.25M1.23M1.58M-718.46K13K
Change in Inventory0-255.38K000000
Change in Payables-73.7K-565.29K-1.74M944.53K525.29K-1.64M2.17M-2.1M
Cash from Investing1.21M-592.63K-1.8M-14.39M-292.45K4.21M1.18M-1.12M
Capital Expenditures-23.88K-108.29K-236.75K-754.3K-292.45K-31.65K-25.02K-12.07K
CapEx % of Revenue0.16%0.91%1.24%5%2.83%0.46%0.29%0.11%
Acquisitions1.23M-484.33K-1.32M-13.63M006.5K0
Investments--------
Other Investing1.23M-484.33K0004.24M1.2M-1.11M
Cash from Financing3.69M3.56M-225.85K49.26M1.71M9.94M834.05K1.06M
Debt Issued (Net)00361.14K-227.93K-362.5K-262.5K0-440.17K
Equity Issued (Net)0001000K38.69K1000K884.05K1000K
Dividends Paid00000000
Share Repurchases00000000
Other Financing3.69M3.56M-587K-14.17M2.04M-850K-50K-750K
Net Change in Cash
4M▲ 0%
-1.45M▼ 136.3%
2.03M▲ 239.7%
13.83M▲ 581.2%
-16.84M▼ 221.8%
695.9K▲ 104.1%
-815.94K▼ 217.2%
4.13M▲ 606.7%
Free Cash Flow
-926.1K▲ 0%
-4.53M▼ 389.5%
3.92M▲ 186.4%
-21.7M▼ 654.0%
-19.81M▲ 8.7%
-13.71M▲ 30.8%
-2.86M▲ 79.1%
4.06M▲ 241.8%
FCF Margin %-6.28%-38.25%20.56%-143.92%-191.9%-198.35%-32.96%35.94%
FCF Growth %--389.49%186.4%-653.95%8.68%30.83%79.11%241.84%
FCF per Share-0.53-2.603.80-18.62-16.91-5.32-0.980.84
FCF Conversion (FCF/Net Income)0.45x1.24x-2.31x0.63x0.54x0.90x1.03x0.59x
Interest Paid000804.67K190.27K000
Taxes Paid00000000

MSGM Key Ratios

Motorsport Games Inc. (MSGM) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric20182019202020212022202320242025
Return on Equity (ROE)-21.46%-54.92%-67.2%-167.49%-180.47%-717.4%-166.06%157.33%
Return on Invested Capital (ROIC)-4.95%-38.57%0.01%-180.08%-236.63%-968.71%-255.5%81.48%
Gross Margin62.05%58.75%65.37%50.06%51.96%47.6%62.87%81.47%
Net Margin-13.63%-30.08%-9.22%-219.97%-348.59%-207.29%-31.69%61.32%
Debt / Equity0.48x2.23x6.72x0.00x0.52x0.10x0.04x0.00x
Interest Coverage--0.00x-68.48x-30.51x-21.18x-14.49x87.32x
FCF Conversion0.45x1.24x-2.31x0.63x0.54x0.90x1.03x0.59x
Revenue Growth--19.69%60.71%-20.84%-31.51%-33.08%25.73%30.05%

MSGM Frequently Asked Questions

Motorsport Games Inc. (MSGM) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Motorsport Games Inc. (MSGM) reported $11.3M in revenue for fiscal year 2025. This represents a 23% decrease from $14.8M in 2018.

Motorsport Games Inc. (MSGM) grew revenue by 30.0% over the past year. This is strong growth.

Yes, Motorsport Games Inc. (MSGM) is profitable, generating $6.9M in net income for fiscal year 2025 (61.3% net margin).

Dividend & Returns

Motorsport Games Inc. (MSGM) has a return on equity (ROE) of 157.3%. This is excellent, indicating efficient use of shareholder capital.

Motorsport Games Inc. (MSGM) generated $3.8M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Explore More MSGM

Motorsport Games Inc. (MSGM) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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