Revenue trajectory remains erratic with a 681.7% growth spike in 2026Q1 masking a broader trend of contraction and negative operating margins of -2.3%.
| Sales/Revenue | 1.56B | 7.98M | 9.08M | 7.66M | 6.35M | 4.96M | 3.21M | 26.07M | 20.6M | 13.67M | 19.86M |
| Revenue Growth % | 17267.88% | -12.16% | 18.6% | 20.5% | 28.18% | 54.36% | -87.68% | 26.54% | 50.69% | -31.16% | - |
| Cost of Goods Sold | 5.73M | 7.17M | 6.37M | 4.8M | 5.1M | 4.08M | 2.86M | 11.13M | 16.03M | 12.31M | 14.38M |
| COGS % of Revenue | - | 89.89% | 70.19% | 62.65% | 80.35% | 82.23% | 89.16% | 42.67% | 77.78% | 90.05% | 72.39% |
| Gross Profit | -25.92K | 806.47K | 2.71M | 2.86M | 1.25M | 880.79K | 347.9K | 14.95M | 4.58M | 1.36M | 5.48M |
| Gross Margin % | -0% | 10.11% | 29.82% | 37.35% | 19.65% | 17.77% | 10.84% | 57.33% | 22.22% | 9.95% | 27.61% |
| Gross Profit Growth % | - | -70.21% | -5.32% | 129.04% | 41.72% | 153.17% | -97.67% | 226.53% | 236.45% | -75.19% | - |
| Operating Expenses | 4.03B | 31.95M | 26.01M | 9.46M | 12.78M | 16.65M | 21.06M | 29.56M | 823.78K | 130.16K | 14.81M |
| OpEx % of Revenue | - | 400.57% | 286.51% | 123.56% | 201.22% | 336.02% | 655.99% | 113.38% | 4% | 0.95% | 74.58% |
| Selling, General & Admin | 35.07B | 31.27B | 13.64M | 7.8M | 10.72M | 13.14M | 17.27M | 22.11M | 823.78K | 130.16K | 10M |
| SG&A % of Revenue | - | 392134.27% | 150.19% | 101.84% | 168.71% | 265.23% | 537.76% | 84.79% | 4% | 0.95% | 50.37% |
| Research & Development | 707.99M | 673.08M | 865.59K | 162.89K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | 8439.64% | 9.53% | 2.13% | - | - | - | - | - | - | - |
| Other Operating Expenses | -1.61M | -31.91B | 11.51M | 1.5M | 2.07M | 3.51M | 3.8M | 7.46M | -2.24M | 0 | 0 |
| Operating Income | -3.55B | -31.14M | -23.31M | -6.6M | -11.53M | -15.77M | -20.71M | -14.61M | -823.78K | -130.16K | -9.33M |
| Operating Margin % | -227.42% | -390.46% | -256.7% | -86.21% | -181.57% | -318.25% | -645.16% | -56.06% | -4% | -0.95% | -46.98% |
| Operating Income Growth % | - | -33.61% | -253.14% | 42.78% | 26.87% | 23.86% | -41.74% | -1674.11% | -532.9% | 98.6% | - |
| EBITDA | -3.21B | -29.58M | -21.72M | -5.1M | -9.47M | -12.47M | -17.11M | -11.07M | 5.89M | 4.08M | -4.52M |
| EBITDA Margin % | -205.9% | -370.95% | -239.23% | -66.62% | -149.06% | -251.54% | -532.74% | -42.44% | 28.58% | 29.82% | -22.76% |
| EBITDA Growth % | -13381.18% | -36.21% | -325.91% | 46.14% | 24.05% | 27.12% | -54.58% | -287.95% | 44.42% | 190.19% | - |
| D&A (Non-Cash Add-back) | 335.6M | 1.56M | 1.59M | 1.5M | 2.07M | 3.31M | 3.61M | 3.55M | 6.71M | 4.21M | 4.81M |
| EBIT | -25.89M | -31.14M | -13.38M | -6.6M | -10.82M | -15.77M | -40.24M | -14.37M | -18.14M | 160.19K | -9.33M |
| Net Interest Income | 3.38M | 4.25M | 3.65M | 2.96M | 789.3K | -268.75K | -5.55M | -1.08M | 0 | 0 | 0 |
| Interest Income | 3.38M | 4.25M | 3.65M | 2.96M | 789.3K | 0 | 0 | 0 | 2.47M | 0 | 145 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 268.75K | 5.55M | 1.08M | 2.47M | 0 | 0 |
| Other Income/Expense | -1.68B | -4.02M | 304.21K | 3M | 942.31K | 712.64K | -14.06M | -1.1M | -2.19M | 290.35K | -145 |
| Pretax Income | -5.23B | -35.16M | -23M | -3.6M | -10.82M | -15.06M | -45.78M | -16.74M | 1.72M | 160.19K | -9.33M |
| Pretax Margin % | -335.17% | -440.87% | -253.34% | -46.97% | -170.39% | -303.87% | -1425.95% | -64.2% | 8.33% | 1.17% | -46.98% |
| Income Tax | -536.66K | -536.66K | -425K | 0 | 0 | 0 | 0 | -1.22M | 575.87K | 67.04K | 0 |
| Effective Tax Rate % | 0.01% | 1.53% | 1.85% | 0% | 0% | 0% | 0% | 7.26% | 33.54% | 41.85% | 0% |
| Net Income | -5.22B | -32.79M | -16.76M | -3.44M | -10.82M | 62.87M | -45.06M | -16.74M | -30.62M | 93.15K | -9.33M |
| Net Margin % | -335.02% | -411.11% | -184.57% | -44.88% | -170.39% | 1268.47% | -1403.35% | -64.2% | -148.6% | 0.68% | -46.98% |
| Net Income Growth % | -26152.66% | -95.66% | -387.77% | 68.26% | -117.22% | 239.52% | -169.19% | 45.33% | -32967.52% | 101% | - |
| Net Income (Continuing) | -5.22B | -34.62M | -22.58M | -3.6M | -10.82M | -15.06M | -45.78M | -15.46M | -31.02M | 93.15K | -9.33M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 77.93M | 725.51K | 0 | 0 | 0 | 0 |
| Minority Interest | 2.98B | 2.89M | 4.52M | 10.66M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -83.84 | -0.83 | -0.45 | -0.10 | -0.28 | -0.38 | -1.57 | -1.04 | -2.64 | 0.02 | -0.53 |
| EPS Growth % | -211.25% | -84.44% | -365.84% | 65.5% | 26.32% | 75.8% | -50.96% | 60.61% | -12436.45% | 104.04% | - |
| EPS (Basic) | - | -0.83 | -0.46 | -0.10 | -0.28 | -0.38 | -1.57 | -1.04 | -2.64 | 0.02 | -0.53 |
| Diluted Shares Outstanding | 62.3M | 39.56M | 37.22M | 37.22M | 39.07M | 39M | 28.69M | 16.16M | 4.36M | 4.36M | 17.7M |
| Basic Shares Outstanding | 62.3M | 39.56M | 36.62M | 37.22M | 39.07M | 39M | 28.69M | 16.16M | 4.36M | 4.36M | 17.7M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - |
Operational cash flow insolvency
According to recent financial disclosures, AGAE's revenue trajectory remains highly erratic, characterized by significant quarterly fluctuations and a broader trend of contraction that suggests the company's reliance on project-based event hosting fails to provide a stable or predictable foundation for long-term top-line growth.
The company's revenue profile appears heavily dependent on sporadic event cycles rather than recurring demand, which complicates forecasting and growth durability. Investors should monitor whether the recent pivot toward a broader entertainment model can successfully decouple revenue from the inherent volatility of the Las Vegas event calendar.
As reported in quarterly filings, AGAE's gross margins have exhibited extreme instability, swinging from a peak of 36.6% in 2025Q1 to negative territory in 2025Q4, which underscores the difficulty of maintaining consistent profitability within a high-fixed-cost, event-driven operational model.
This margin compression suggests that the direct costs associated with arena operations and event production are not scaling efficiently with revenue. The inability to maintain positive gross margins during periods of lower activity implies that the company's cost structure is fundamentally misaligned with its current revenue generation capacity.
Based on the provided income statement data, AGAE demonstrates a profound lack of operating leverage, as SG&A expenses frequently dwarf gross profit, leading to persistent and widening operating losses that suggest the current corporate overhead is unsustainable relative to the company's limited revenue scale.
The disparity between revenue and administrative expenses indicates that the company is carrying a public-entity cost structure that its current business model cannot support. Without a significant increase in high-margin revenue streams, the company appears trapped in a cycle of burning capital to maintain its existing infrastructure.
Analysis of recent SEC filings reveals that AGAE's net income is consistently negative, with significant distortions from non-operating items and stock-based compensation, which complicates the assessment of the company's underlying operational performance and its ability to achieve a path toward sustainable profitability.
The presence of large, non-recurring charges and significant stock-based compensation suggests that reported EPS figures may not accurately reflect the core cash-generating capability of the business. Investors should exercise caution, as these accounting nuances may mask the true extent of the company's ongoing operational cash burn.
While the company maintains a cash-rich balance sheet, the persistent operating losses and double-digit revenue contraction suggest that AGAE faces a 'melting ice cube' scenario where corporate overhead and operational inefficiencies threaten to erode the remaining capital before a viable business model is established.
Short-term observers might focus on the cash position as a safety net, but the fundamental lack of operational traction warrants skepticism regarding the company's long-term viability. The absence of a clear, scalable revenue driver suggests that the current valuation may be overly optimistic given the ongoing cash burn.
Quick answers to the most common questions about buying AGAE stock.
For fiscal year 2025, Allied Gaming & Entertainment Inc. (AGAE) reported total revenue of $8.0M. This represents a 59.8% decline compared to $19.9M in 2016.
Allied Gaming & Entertainment Inc. (AGAE) reported a net loss of $32.8M for the fiscal year ending 2025.
Allied Gaming & Entertainment Inc. (AGAE) reported an operating income of $-31.1M, resulting in an operating profit margin of -390.5%. This margin reflects the operational efficiency of the business before interest and taxes.
Allied Gaming & Entertainment Inc. (AGAE) generated $0.8M in gross profit for the year, representing a gross profit margin of 10.1%. This demonstrates the company's core pricing power and production efficiency.