GameSquare Holdings, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $45.0M | $27.5M | $41.3M | $28.1M | — |
| Cost of revenue | $25.5M | $18.1M | $31.2M | $18.4M | — |
| Gross profit | $19.5M | $9.5M | $10.1M | $9.7M | — |
| Research and development | $2.0M | $1.9M | $3.1M | — | — |
| Operating expenses | $44.8M | $43.8M | $35.5M | $27.9M | — |
| Operating income | -$25.2M | -$34.4M | -$25.4M | -$18.2M | — |
| Interest expense | — | $570,960 | $696,028 | $169,570 | — |
| Pretax income | -$30.0M | -$34.8M | -$26.3M | -$18.4M | — |
| Income tax expense | $63,721 | — | -$55,096 | -$304,369 | — |
| Net income | -$40.1M | -$48.8M | -$31.3M | -$18.1M | — |
| Balance Sheet | |||||
| Current assets | $22.2M | $36.5M | $22.2M | $10.1M | — |
| Total assets | $79.3M | $78.7M | $64.7M | $20.2M | — |
| Current liabilities | $40.9M | $54.8M | $36.2M | $10.5M | — |
| Total liabilities | $43.6M | $66.7M | $46.3M | $12.9M | — |
| Total debt | $500,000 | — | — | — | — |
| Stockholders' equity | $35.7M | $12.0M | $18.4M | $7.3M | $17.7M |
| Cash Flow Statement | |||||
| Cash from operations | -$18.4M | -$30.6M | -$16.1M | -$11.9M | — |
| Depreciation and amortization | $1.6M | $3.5M | $3.3M | $700,000 | — |
| Stock-based compensation | $2.9M | $2.1M | $1.7M | $1.6M | — |
| Capital expenditure | $77,115 | $5,117 | $2,239 | $31,251 | — |
| Free cash flow | -$18.5M | -$30.6M | -$16.1M | -$12.0M | — |
| Share repurchases | $1.8M | — | — | — | — |
| Impairments | $12.1M | $12.5M | $7.0M | $700,000 | — |
Shares outstanding 93.7M · Free float 77.7%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.