Motorsport Games (MSGM) Financial Statements & Analysis

Motorsport Games (MSGM) Income Statement

Motorsport Games reported revenue of $11.30M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 30.0% from $8.69M a year earlier. Net income was $6.93M, a net margin of 61.3%. Gross margin was 81.5% and operating margin 28.8%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $3.54M, up 36.6% from the same quarter a year earlier.

Motorsport Games Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Motorsport Games Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period ending	Dec 2025	Dec 2024	Mar 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018
Revenue & Gross Profit
Revenue	11.30	8.69	6.91	6.91	10.32	15.08	19.05	11.85	14.76
Cost of Revenue	2.09	3.23	3.62	3.62	4.96	7.53	6.60	4.89	5.60
Gross Profit	9.20	5.46	3.29	3.29	5.36	7.55	12.45	6.96	9.16
Operating Expenses
Research & Development	1.76	3.38	7.24	7.24	10.42	9.62	4.65	4.78	3.79
Selling, General & Administrative	5.76	7.62	11.06	11.06	19.94	31.85	7.74	6.38	6.05
Operating Expenses	5.96	7.21	19.66	19.66	40.39	41.76	12.45	12.14	9.85
Operating Income	3.25	-1.75	-16.37	-16.37	-35.03	-34.21	0.00	-5.18	-0.69
Other Income/Expense
Interest Income	0.00	0.00	0.00	-	0.00	0.00	0.00	0.04	0.03
Interest Expense	0.02	0.12	0.77	-0.77	1.15	0.50	-0.72	0.00	0.00
Other Income/Expense	3.35	-1.30	2.05	2.05	-1.81	1.01	0.11	-0.58	0.01
Income
Income Before Tax	6.60	-3.05	-14.32	-14.32	-36.84	-33.70	-0.68	-5.76	-1.15
Income Tax Expense	-0.25	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00
Net Income	6.93	-2.75	-14.32	-14.32	-35.99	-33.16	-1.76	-3.56	-2.01
Net Income - Continuous Operations	6.93	-2.75	-14.32	-14.32	-35.99	-33.70	-1.76	-3.56	-2.01
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	3.38	-0.34	-11.43	-14.64	-33.63	-31.42	0.45	-4.89	-0.67
EBIT	3.25	-5.80	-	-15.37	-25.41	-33.20	0.00	-	-
Depreciation & Amortization	1.12	2.59	2.12	0.73	2.06	0.28	0.44	0.86	0.46
Earnings Per Share
Basic EPS	1.00	-1.00	-5.00	-6.00	-31.00	-29.00	-2.00	-2.00	-1.00
Diluted EPS	1.00	-1.00	-5.00	-6.00	-31.00	-29.00	-2.00	-2.00	-1.00
Basic Shares Outstanding	4.84	2.92	2.58	2.58	1.17	1.14	1.08	1.75	1.75
Diluted Shares Outstanding	4.84	2.92	2.58	2.58	1.17	1.14	1.08	1.75	1.75

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Motorsport Games Financial Statements

What was Motorsport Games's revenue in fiscal 2025?

Motorsport Games reported revenue of $11.30M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 30.0% from $8.69M a year earlier.

Is Motorsport Games profitable?

Yes. Motorsport Games earned net income of $6.93M in fiscal 2025, a net margin of 61.3%. In fiscal 2024 it lost $2.75M.

What is Motorsport Games's operating margin?

Motorsport Games's operating income was $3.25M on revenue of $11.30M in fiscal 2025, an operating margin of 28.8%, compared with -20.1% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition