Motorsport Games 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 | $11.3M | $8.7M | $6.9M | $10.3M | $15.1M |
| Cost of revenue | $2.1M | $3.2M | $3.6M | $5.0M | $7.5M |
| Gross profit | $9.2M | $5.5M | $3.3M | $5.4M | $7.5M |
| Research and development | $1.8M | $3.4M | $7.2M | $10.4M | $9.6M |
| Operating expenses | $7.6M | $11.2M | $22.7M | $40.4M | $42.1M |
| Operating income | $3.2M | -$1.7M | -$16.4M | -$35.0M | -$34.5M |
| Interest expense | $18,786 | $120,757 | $772,989 | $1.1M | $504,156 |
| Pretax income | $6.6M | -$3.0M | — | — | — |
| Income tax expense | -$245,258 | — | — | — | — |
| Net income | $6.9M | -$2.8M | -$14.3M | -$36.0M | -$33.2M |
| Balance Sheet | |||||
| Cash and equivalents | $5.0M | $859,271 | $1.7M | $979,306 | $17.8M |
| Current assets | $7.6M | $2.8M | $3.5M | $4.0M | $24.6M |
| Total assets | $12.0M | $6.3M | $9.8M | $18.9M | $50.7M |
| Current liabilities | $3.4M | $5.0M | $7.6M | $13.3M | $9.1M |
| Total liabilities | $4.4M | $5.0M | $7.7M | $17.0M | $12.7M |
| Stockholders' equity | $6.8M | $496,258 | $1.0M | $1.5M | $36.7M |
| Cash Flow Statement | |||||
| Cash from operations | $4.1M | -$2.8M | -$13.7M | -$19.5M | -$20.9M |
| Depreciation and amortization | $1.1M | $2.6M | $2.1M | $2.1M | $1.8M |
| Stock-based compensation | $789,352 | $152,959 | $957,302 | $714,523 | $9.7M |
| Capital expenditure | $12,067 | $25,015 | $31,653 | $292,446 | $754,302 |
| Free cash flow | $4.1M | -$2.9M | -$13.7M | -$19.8M | -$21.7M |
| Impairments | — | — | — | $4.8M | $317,113 |
Shares outstanding 4.2M · Free float 5.0%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.