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GMGI logoGolden Matrix Group, Inc.(GMGI)Earnings, Financials & Key Ratios

GMGI•NASDAQ
$7.46
$89M mkt cap·Price updated May 1, 2026
SectorTechnologyIndustryGaming & MultimediaSub-IndustryiGaming and Emerging Tech (Blockchain, IoT)
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)-0.16+60.7%
  • Gross Margin58.61%+162.4%
  • EBITDA Margin8.96%+8906.3%
  • Operating Margin1.82%+252.4%
  • Net Margin-0.98%+63.1%
  • ROE-2.11%+45.1%
  • ROIC3.11%+214.6%
  • Debt/Equity0.36+18908.4%
  • Interest Coverage0.78+101.8%
Technical→

GMGI Key Insights

Golden Matrix Group, Inc. (GMGI) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong 5Y sales CAGR of 120.8%
  • ✓Trading at only 0.6x book value

✗Weaknesses

  • ✗Weak momentum: RS Rating 0 (bottom 0%)
  • ✗Shares diluted 100.0% in last year
  • ✗Trading more than 30% below 52-week high

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

GMGI Price & Volume

Golden Matrix Group, Inc. (GMGI) stock price & volume — 10-year historical chart

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GMGI Growth Metrics

Golden Matrix Group, Inc. (GMGI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years120.76%
3 Years35.78%
TTM44.02%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-334.49%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-281.49%

Return on Capital

10 Years41.63%
5 Years19.19%
3 Years0.7%
Last Year3.03%

GMGI Recent Earnings

Golden Matrix Group, Inc. (GMGI) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 1/12 qtrs (25%)●Beat Revenue 2/12 qtrs (33%)
Q4 2025Latest
Oct 30, 2025
EPS
$0.05
Est $0.01
+575.8%
Revenue
$47M
Est $53M
-10.5%
Q3 2025
Aug 7, 2025
EPS
$0.03
Est $0.00
-800.9%
Revenue
$43M
Est $50M
-13.5%
Q2 2025
May 8, 2025
EPS
$0.02
Est $0.01
-311.0%
Revenue
$43M
Est $43M
-0.9%
Q2 2025
Mar 24, 2025
EPS
$0.01
Est $0.01
-200.0%
Revenue
$46M
Est $43M
+6.4%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q4 2025LatestOct 30, 2025
$0.05vs $0.01+575.8%
$47Mvs $53M-10.5%
Q3 2025Aug 7, 2025
$0.03vs $0.00-800.9%
$43Mvs $50M-13.5%
Q2 2025May 8, 2025
$0.02vs $0.01-311.0%
$43Mvs $43M-0.9%
Q2 2025Mar 24, 2025
$0.01vs $0.01-200.0%
$46Mvs $43M+6.4%
Based on last 12 quarters of dataView full earnings history →

GMGI Peer Comparison

Golden Matrix Group, Inc. (GMGI) competitors in iGaming and Emerging Tech (Blockchain, IoT) — 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
DKNG logoDKNGDraftKings Inc.Direct Competitor11.86B23.92-2953.0926.99%0.06%0.46%3.06
GENI logoGENIGenius Sports LimitedDirect Competitor1.08B4.40-1031.04%-16.67%-15.51%0.04
PENN logoPENNPENN Entertainment, Inc.Product Competitor2.24B16.75-2.875.82%-12.11%-34.66%4.58
RSI logoRSIRush Street Interactive, Inc.Product Competitor2.98B27.8619922.76%2.98%12.91%0.06
ACMR logoACMRACM Research, Inc.Product Competitor3.67B55.3840.4215.24%10.44%6.11%0.16
LNW logoLNWLight & Wonder, Inc.Supply Chain8.13B97.9726.629.86%12.39%55.19%6.16
PLTK logoPLTKPlaytika Holding Corp.Supply Chain1.35B3.57-6.618.08%-7.49%
SRAD logoSRADSportradar Group AGSupply Chain3.95B13.3637.9511.97%5.25%7.31%0.06

Compare GMGI vs Peers

Golden Matrix Group, Inc. (GMGI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs DKNG

Most directly comparable listed peer for GMGI.

Scale Benchmark

vs FLUT

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

Peer Set

Compare Top 5

vs DKNG, GENI, PENN, RSI

GMGI Income Statement

Golden Matrix Group, Inc. (GMGI) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemJul'16Jul'17Jul'18Oct'19Jan'21Dec'21Oct'22Oct'23Dec'24TTM
Sales/Revenue20K120K915.8K2.88M5.22M60.37M36.03M44.17M151.12M179.14M
Revenue Growth %-500%663.17%214.72%81.22%1055.79%-40.31%22.59%242.09%44.02%
Cost of Goods Sold050K72K22K2M14.62M26.87M34.31M62.54M77.39M
COGS % of Revenue-41.67%7.86%0.76%38.29%24.21%74.57%77.66%41.39%-
Gross Profit
20K▲ 0%
70K▲ 250.0%
843.8K▲ 1105.4%
2.86M▲ 239.0%
3.22M▲ 12.7%
45.75M▲ 1319.5%
9.16M▼ 80.0%
9.87M▲ 7.7%
88.57M▲ 797.5%
101.75M▲ 0%
Gross Margin %100%58.33%92.14%99.24%61.71%75.79%25.43%22.34%58.61%56.8%
Gross Profit Growth %-250%1105.43%238.97%12.68%1319.5%-79.97%7.71%797.49%-
Operating Expenses5.22M320.44K462.83K581.62K2.82M31.45M8.97M10.4M85.83M104.65M
OpEx % of Revenue26081.79%267.03%50.54%20.18%54.06%52.1%24.89%23.53%56.8%-
Selling, General & Admin492.11K320.44K462.83K581.62K2.78M20.29M8.95M10.4M78.1M96.92M
SG&A % of Revenue2460.53%267.03%50.54%20.18%53.15%33.62%24.83%23.53%51.68%-
Research & Development000047.56K023.09K000
R&D % of Revenue----0.91%-0.06%---
Other Operating Expenses4.72M000011.16M007.73M1000K
Operating Income
-5.2M▲ 0%
-250.44K▲ 95.2%
-990.95K▼ 295.7%
1.81M▲ 282.9%
399.32K▼ 78.0%
14.3M▲ 3480.6%
192.49K▼ 98.7%
-526.25K▼ 373.4%
2.74M▲ 621.4%
-2.77M▲ 0%
Operating Margin %-25981.79%-208.7%-108.21%62.88%7.65%23.69%0.53%-1.19%1.82%-1.55%
Operating Income Growth %-154.73%95.18%-295.69%282.89%-77.97%3480.63%-98.65%-373.39%621.37%-
EBITDA-521.64K2.21M-883.65K2.02M400.94K18.16M609.12K-44.93K13.53M11.92M
EBITDA Margin %-2608.22%1845.61%-96.49%70.06%7.68%30.09%1.69%-0.1%8.96%6.65%
EBITDA Growth %71.31%524.57%-139.9%328.5%-80.14%4430.21%-96.65%-107.38%30219.5%65.37%
D&A (Non-Cash Add-back)4.67M2.47M107.3K206.84K1.61K3.86M416.63K481.31K10.79M14.69M
EBIT-5.2M0-990.95K0399.32K14.3M192.49K-477.04K4.73M806.27K
Net Interest Income-4.55M-413.65K-162.04K-37.23K-10.24K-51.16K044.6K-3.3M-5.98M
Interest Income0008.12K1.61K09.19K57K218.15K177.98K
Interest Expense4.55M413.65K162.04K45.35K11.85K51.16K9.19K12.4K3.52M6.16M
Other Income/Expense-258.09K2.47M-1.54M-471.46K9K-135.95K270.58K36.8K-1.54M-2.58M
Pretax Income
-10.01M▲ 0%
1.8M▲ 118.0%
-1.32M▼ 173.2%
1.77M▲ 234.2%
398.08K▼ 77.5%
14.16M▲ 3457.7%
463.08K▼ 96.7%
-489.44K▼ 205.7%
1.21M▲ 346.9%
-5.35M▲ 0%
Pretax Margin %-50031.22%1500.9%-143.96%61.41%7.62%23.46%1.29%-1.11%0.8%-2.99%
Income Tax4.81M-2.47M1.7M42.42K10.24K1.21M419.05K683.31K2.62M303.54K
Effective Tax Rate %-48.07%-136.87%-128.9%2.4%2.57%8.58%90.49%-139.61%216.66%-5.67%
Net Income
-10.01M▲ 0%
1.8M▲ 118.0%
-1.32M▼ 173.2%
1.77M▲ 234.2%
398.08K▼ 77.5%
12.87M▲ 3133.0%
44.03K▼ 99.7%
-1.17M▼ 2763.6%
-1.48M▼ 26.2%
-5.38M▲ 0%
Net Margin %-50031.22%1500.9%-143.96%61.41%7.62%21.32%0.12%-2.65%-0.98%-3%
Net Income Growth %-281.73%118%-173.2%234.25%-77.51%3132.95%-99.66%-2763.65%-26.22%-334.49%
Net Income (Continuing)-----12.95M44.03K-1.17M-1.41M-5.66M
Discontinued Operations0000000000
Minority Interest0000003M03.88M3.55M
EPS (Diluted)
-81134.92▲ 0%
1.80▲ 100.0%
-2.05▼ 214.0%
0.83▲ 140.4%
0.15▼ 81.7%
0.32▲ 112.7%
-0.11▼ 133.2%
-0.40▼ 271.9%
-0.16▲ 60.7%
-0.45▲ 0%
EPS Growth %99.99%100%-214%140.35%-81.74%112.66%-133.21%-271.91%60.73%-281.49%
EPS (Basic)-81134.9272.00-2.050.830.150.43-0.11-0.40-0.16-
Diluted Shares Outstanding1231M644.14K2.32M2.63M2.69M2.34M2.95M9.46M11.9M
Basic Shares Outstanding12327.68K644.14K1.58M2.63M1.99M2.34M2.95M9.46M11.65M
Dividend Payout Ratio-----90.12%----

GMGI Balance Sheet

Golden Matrix Group, Inc. (GMGI) balance sheet — assets, liabilities & shareholders' equity

Line itemJul'16Jul'17Jul'18Oct'19Jan'21Dec'21Oct'22Oct'23Dec'24TTM
Total Current Assets12.3K87.67K819.87K3.01M13.81M20.04M19.29M22.85M45.07M39.15M
Cash & Short-Term Investments2.3K25.17K446.58K1.73M11.71M16.8M14.95M17.1M30.46M22.4M
Cash Only2.3K25.17K446.58K1.73M11.71M16.8M14.95M17.1M30.13M22.04M
Short-Term Investments00000000330.3K354.07K
Accounts Receivable10K62.5K372.29K1.27M1.7M3.07M3.05M3.88M9.72M10.1M
Days Sales Outstanding182.5190.1148.38161.33118.6118.5630.9432.0823.4719.57
Inventory00000-891.56K1.15M1.71M3.94M5.68M
Days Inventory Outstanding------15.5918.2422.9822.71
Other Current Assets001K001.07M136.95K51.97K00
Total Non-Current Assets00000415.45K13.28M12.73M168.65M170.63M
Property, Plant & Equipment00000280.18K223.06K103.09K35.07M35.32M
Fixed Asset Turnover-----215.46x161.54x428.50x4.31x5.08x
Goodwill00000010.45M10.38M71.25M71.31M
Intangible Assets00000135.26K2.61M2.25M56.39M57.55M
Long-Term Investments00000000218.15K974.39K
Other Non-Current Assets000000005.72M23.65M
Total Assets
12.3K▲ 0%
87.67K▲ 613.0%
819.87K▲ 835.2%
3.01M▲ 266.5%
13.81M▲ 359.7%
20.46M▲ 48.1%
32.57M▲ 59.2%
35.58M▲ 9.2%
213.72M▲ 500.6%
209.78M▲ 0%
Asset Turnover1.63x1.37x1.12x0.96x0.38x2.95x1.11x1.24x0.71x0.85x
Asset Growth %-91.7%612.97%835.21%266.53%359.71%48.1%59.2%9.25%500.62%484.14%
Total Current Liabilities3.99M1.62M2.16M1.83M552.61K1.35M2.72M4.48M63.55M64.41M
Accounts Payable35.95K21.09K14.39K41.1K78.91K1.07M1.39M2.85M12.91M18.58M
Days Payables Outstanding-153.9872.95682.0114.426.8418.8130.375.3676.84
Short-Term Debt1.68M933.15K546.94K1.22M99100.21K95.08K017.38M13.48M
Deferred Revenue (Current)338.62K533.39K532.6K552.05K149.64K68.64K291.77K456.73K1.33M5.59M
Other Current Liabilities1.94M136.18K1.07M15K245.04K-969.6K-441.86K626.43K628.68K29.88M
Current Ratio0.00x0.05x0.38x1.65x25.00x14.86x7.10x5.10x0.71x0.71x
Quick Ratio0.00x0.05x0.38x1.65x25.00x15.52x6.68x4.72x0.65x0.65x
Cash Conversion Cycle------27.7220.02-28.9-34.57
Total Non-Current Liabilities0954.25K561.33K145K0182.02K59.78K041.22M18.27M
Long-Term Debt000145K0182.02K59.78K014.36M8.75M
Capital Lease Obligations000000005.23M18.01M
Deferred Tax Liabilities0000004.41K06.61M24.81M
Other Non-Current Liabilities000000-4.41K015.01M30.06M
Total Liabilities3.99M1.62M2.16M1.97M552.61K1.53M2.77M4.48M104.77M82.68M
Total Debt1.68M933.15K546.94K1.36M99282.23K154.86K59.09K39.35M25.97M
Net Debt1.68M907.99K100.36K-367.53K-11.71M-16.52M-14.79M-17.04M9.22M3.93M
Debt / Equity---1.32x0.00x0.01x0.01x0.00x0.36x0.36x
Debt / EBITDA-0.42x-0.68x0.00x0.02x0.25x-2.91x2.18x
Net Debt / EBITDA-0.41x--0.18x-29.20x-0.91x-24.29x-0.68x0.68x
Interest Coverage-1.14x-0.61x-6.12x39.96x33.69x279.49x20.95x-42.44x0.78x0.13x
Total Equity
-3.98M▲ 0%
-1.54M▲ 61.4%
-1.34M▲ 12.7%
1.03M▲ 177.0%
13.26M▲ 1183.4%
18.93M▲ 42.7%
29.8M▲ 57.4%
31.1M▲ 4.4%
108.95M▲ 250.3%
127.1M▲ 0%
Equity Growth %-41.02%61.42%12.68%177.04%1183.42%42.73%57.42%4.39%250.29%393.44%
Book Value per Share-32369.45-1.53-2.080.455.047.0412.7510.5411.5210.68
Total Shareholders' Equity-3.98M-1.54M-1.34M1.03M13.26M18.93M26.8M31.1M105.07M123.54M
Common Stock3.9K1.41K26.23K28.45K2272722823621.29K1.41K
Retained Earnings-28.69M-26.89M-28.21M-26.44M-25.07M-24.42M-24.67M-25.85M57.05M53.73M
Treasury Stock-------0-121.43K-121.43K
Accumulated OCI-683-683-683-683-978-1.72K-205.75K-73.16K-8.09M-3.19M
Minority Interest0000003M03.88M3.55M

GMGI Cash Flow Statement

Golden Matrix Group, Inc. (GMGI) cash flow — operating, investing & free cash flow history

Line itemJul'16Jul'17Jul'18Oct'19Jan'21Dec'21Oct'22Oct'23Dec'24TTM
Cash from Operations1.3K-15.13K302.72K1.45M1.88M21.16M2.77M2.21M23.92M23.92M
Operating CF Margin %6.48%-12.61%33.05%50.38%35.96%35.05%7.69%4.99%15.83%-
Operating CF Growth %100.06%-1267.36%2100.9%379.64%29.35%1026.72%-86.9%-20.39%983.97%203589.95%
Net Income-10.01M1.8M-1.32M1.77M398.08K12.87M44.03K-1.17M-1.41M-5.38M
Depreciation & Amortization4.67M327.65K107.3K206.84K03.86M407.44K481.31K10.79M14.69M
Stock-Based Compensation001.24M90.87K1.63M02.66M2.18M4.71M4.46M
Deferred Taxes00-1.03M104.87K000000
Other Non-Cash Items4.81M-2.47M1.46M146.01K337.4K212.5K-104.05K300.41K3.52M4.8M
Working Capital Changes522.94K321.31K-156.52K-866.57K-487.84K4.21M-235.21K413.38K6.31M15.46M
Change in Receivables-10K-52.5K-309.79K-1.07M-761.7K-898.61K-100.22K-3.04M-425.87K-340.61K
Change in Inventory011.64K00-391.61K-32.34K-417.89K-514.86K-958.11K-1.27M
Change in Payables1.02M-11.64K99.53K177.04K515.83K0374.06K3.67M4.33M9.39M
Cash from Investing0000192-8.55M-4.41M-95.96K-37.43M-30.83M
Capital Expenditures00000-7.88M-158.36K-12.46K-7.16M-9.88M
CapEx % of Revenue-----13.05%0.44%0.03%4.74%-
Acquisitions000000-4.25M-30.71K-15.46M-9.76M
Investments----------
Other Investing0000192-554.09K0-52.79K-14.83M-11.19M
Cash from Financing1K38K118.7K-167.42K7.97M4.05M32K-32.32K27.71M-22.13M
Debt Issued (Net)------1.51M-019.82M-31.54M
Equity Issued (Net)-----0--32.32K-123.1K1.6M
Dividends Paid00000-11.6M00-769.53K12.68K
Share Repurchases0000000-32.32K-123.1K-121.43K
Other Financing-499K-606.22K-516.96K-209.41K7K17.15M32K08.78M7.81M
Net Change in Cash
2.3K▲ 0%
22.87K▲ 896.1%
421.41K▲ 1742.6%
1.28M▲ 204.8%
9.85M▲ 666.8%
9.53M▼ 3.2%
-1.85M▼ 119.4%
2.15M▲ 216.4%
9.72M▲ 352.0%
-16.36M▲ 0%
Free Cash Flow
1.3K▲ 0%
-15.13K▼ 1267.4%
302.72K▲ 2100.9%
1.45M▲ 379.6%
1.88M▲ 29.3%
13.28M▲ 607.3%
2.61M▼ 80.3%
2.14M▼ 18.1%
1.92M▼ 10.1%
15.01M▲ 0%
FCF Margin %6.48%-12.61%33.05%50.38%35.96%22.01%7.25%4.85%1.27%8.38%
FCF Growth %100.06%-1267.36%2100.9%379.64%29.35%607.34%-80.33%-18.06%-10.12%773.44%
FCF per Share10.54-0.020.470.630.714.941.120.730.200.20
FCF Conversion (FCF/Net Income)-0.00x-0.01x-0.23x0.82x4.72x1.64x62.95x-1.88x-16.16x-2.79x
Interest Paid-----67.66K-12.4K1.35M2.68M
Taxes Paid-----0-531.75K3.92M1.99M

GMGI Key Ratios

Golden Matrix Group, Inc. (GMGI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201620172018201920202021202220232024TTM
Return on Equity (ROE)---171.28%5.57%79.96%0.18%-3.85%-2.11%-4.55%
Return on Invested Capital (ROIC)---204.15%26.96%540.46%1.66%-2.72%3.11%3.11%
Gross Margin100%58.33%92.14%99.24%61.71%75.79%25.43%22.34%58.61%56.8%
Net Margin-50031.22%1500.9%-143.96%61.41%7.62%21.32%0.12%-2.65%-0.98%-3%
Debt / Equity---1.32x0.00x0.01x0.01x0.00x0.36x0.36x
Interest Coverage-1.14x-0.61x-6.12x39.96x33.69x279.49x20.95x-42.44x0.78x0.13x
FCF Conversion-0.00x-0.01x-0.23x0.82x4.72x1.64x62.95x-1.88x-16.16x-2.79x
Revenue Growth-500%663.17%214.72%81.22%1055.79%-40.31%22.59%242.09%44.02%

GMGI Frequently Asked Questions

Golden Matrix Group, Inc. (GMGI) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Golden Matrix Group, Inc. (GMGI) reported $179.1M 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 $5.4M for fiscal year 2024.

Dividend & Returns

Yes, Golden Matrix Group, Inc. (GMGI) pays a dividend with a yield of 1.09%. 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 $15.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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Golden Matrix Group, Inc. (GMGI) financial analysis — history, returns, DCA and operating performance tools

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