MSGMNasdaqServices-Prepackaged SoftwareFiscal year ends December 31
Motorsport Games Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 14, 2026
$5.30−0.32 (-5.69%)
Close on Oct 19, 2026
- Market cap
- $27.85M
- P/E (TTM)
- 12.3
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2019 to 2025
Gross margin
81.5%+16.1 pts over 5 years
Operating margin
28.8%+28.7 pts over 5 years
Net margin
61.3%+70.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +30.0% | +3.0% | -9.9% | – | |
| Gross profit | +68.5% | +19.7% | -5.9% | – | |
| Operating income | – | – | +390.3% | – | |
| EPS, diluted | – | -64.0% | – | – | |
| Free cash flow | – | – | +0.7% | – |
Returns and balance sheet
7 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 190.5% | |
| Return on assets | – | -11.6% | 76.0% | |
| Current ratio | 0.78 | 0.70 | 2.25 | |
| Interest coverage | – | 0.0× | 172.9× | |
| Capex to revenue | 0.9% | 0.7% | 0.1% | |
| Diluted shares | – | – | 5M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Motorsport Games generated $61.03M from operations and spent $1.12M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$61.03M
Used
$1.12M
Capital expenditure$1.12M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin61.3%
×Asset turnover1.24×
×Equity multiplier2.51×
=Return on equity, FY2025190.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 61.3% | 1.24× | 2.51× | 190.5% |
| FY2024 | -31.7% | 1.08× | 10.46× | -359.2% |
| FY2023 | -207.3% | 0.48× | 11.15× | -1114.6% |
| FY2022 | -348.6% | 0.30× | 1.82× | -188.2% |
| FY2021 | -220.0% | 0.44× | 1.91× | -185.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$6.93M
- Cash generatingOperating cash flow above zero$4.07M
- Return on assets improvedROA up on the prior year-28.2% → 110.5%
- Earnings backed by cashOperating cash flow above net income$4.07M vs $6.93M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose0.56 → 2.25
- No dilutionShare count did not rise3M → 5M
- Gross margin improvedGross margin up on the prior year62.87% → 81.47%
- More efficientAsset turnover rose0.89 → 1.80