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Motorsport Games Inc.

MSGM Clue Score61
United States Fiscal year ends December CIK 0001821175
$5.13 -0.58% Close, 9 Oct 2026
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Price $5.13 −62.83% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 13 Jan 2021. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2019Revenue11.9Operating income−5.2Net income−3.6Fiscal year 2020Revenue19.0 +60.7%Operating income0.0Net income−1.8Fiscal year 2021Revenue0.7 −96.1%Operating income−34.5Net income0.3Fiscal year 2022Revenue10.3 +1,293.3%Operating income−35.0Net income−36.0 −12,596.8%EPS, diluted30.73Fiscal year 2023Revenue6.9 −33.1%Operating income−16.4Net income−14.3EPS, diluted−5.56Fiscal year 2024Revenue8.7 +25.7%Operating income−1.7Net income−2.8EPS, diluted−0.94Fiscal year 2025Revenue11.3 +30.0%Operating income3.2Net income6.9EPS, diluted1.43
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 11.9 19.0 0.7 10.3 6.9 8.7 11.3
Growth +60.7% −96.1% +1,293.3% −33.1% +25.7% +30.0%
Operating income −5.2 0.0 −34.5 −35.0 −16.4 −1.7 3.2
Net income −3.6 −1.8 0.3 −36.0 −14.3 −2.8 6.9
Growth −12,596.8%
EPS, diluted n/a n/a n/a 30.73 −5.56 −0.94 1.43

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2019Gross margin58.7%Operating margin−43.7%Net margin−30.1%Free cash flow margin−38.3%Fiscal year 2020Gross margin65.4%Operating margin0.0%Net margin−9.2%Free cash flow margin20.6%Fiscal year 2021Gross margin1,018.4%Operating margin−4,659.5%Net margin38.9%Free cash flow margin−2,927.9%Fiscal year 2022Gross margin52.0%Operating margin−339.3%Net margin−348.6%Free cash flow margin−191.9%Fiscal year 2023Gross margin47.6%Operating margin−236.9%Net margin−207.3%Free cash flow margin−198.0%Fiscal year 2024Gross margin62.9%Operating margin−20.1%Net margin−31.7%Free cash flow margin−33.0%Fiscal year 2025Gross margin81.5%Operating margin28.8%Net margin61.3%Free cash flow margin35.9%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 58.7% 65.4% 1,018.4% 52.0% 47.6% 62.9% 81.5%
Operating margin −43.7% 0.0% −4,659.5% −339.3% −236.9% −20.1% 28.8%
Net margin −30.1% −9.2% 38.9% −348.6% −207.3% −31.7% 61.3%
Free cash flow margin −38.3% 20.6% −2,927.9% −191.9% −198.0% −33.0% 35.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2019Operating cash flow−4.4Capital expenditure−0.1Free cash flow−4.5Fiscal year 2020Operating cash flow4.1Capital expenditure−0.1Free cash flow3.9Fiscal year 2021Operating cash flow−20.9Capital expenditure−0.8Free cash flow−21.7 −654.0%Fiscal year 2022Operating cash flow−19.5Capital expenditure−0.3Free cash flow−19.8Fiscal year 2023Operating cash flow−13.7Capital expenditure−0.0Free cash flow−13.7Fiscal year 2024Operating cash flow−2.8Capital expenditure−0.0Free cash flow−2.9Fiscal year 2025Operating cash flow4.1Capital expenditure−0.0Free cash flow4.1
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −4.4 4.1 −20.9 −19.5 −13.7 −2.8 4.1
Capital expenditure −0.1 −0.1 −0.8 −0.3 −0.0 −0.0 −0.0
Free cash flow −4.5 3.9 −21.7 −19.8 −13.7 −2.9 4.1
Growth −654.0%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2019Cash2.0Shareholders’ equity3.6Fiscal year 2020Cash4.0Shareholders’ equity−1.0Fiscal year 2021Cash17.8Shareholders’ equity36.7Fiscal year 2022Cash1.0Shareholders’ equity1.5Fiscal year 2023Cash1.7Shareholders’ equity1.0Fiscal year 2024Cash0.9Shareholders’ equity0.5Fiscal year 2025Cash5.0Shareholders’ equity6.8
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 2.0 4.0 17.8 1.0 1.7 0.9 5.0
Shareholders’ equity 3.6 −1.0 36.7 1.5 1.0 0.5 6.8

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023† 31 Dec 2023 FY2024 31 Dec 2024 FY2025† 31 Dec 2025
Revenue and profit
11.9 19.0 0.7 10.3 6.9 8.7 11.3
Growth +60.7% −96.1% +1,293.3% −33.1% +25.7% +30.0%
4.9 6.6 7.5 5.0 3.6 3.2 2.1
7.0 12.4 7.5 5.4 3.3 5.5 9.2
Growth +78.8% −39.4% −28.9% −38.7% +66.1% +68.5%
4.8 4.6 9.6 10.4 7.2 3.4 1.8
2.6 4.3 25.4 13.8 9.4 6.9 5.1
−5.2 0.0 −34.5 −35.0 −16.4 −1.7 3.2
Growth −3,010,270.7%
n/a n/a n/a n/a n/a −3.0 6.6
n/a n/a n/a n/a n/a n/a −0.2
−3.6 −1.8 0.3 −36.0 −14.3 −2.8 6.9
Growth −12,596.8%
Per share
n/a n/a −29.15 30.73 −5.56 −0.94 1.43
n/a n/a n/a 30.73 −5.56 −0.94 1.43
Growth −118.1%
n/a n/a n/a 1.2 2.6 2.9 4.8
n/a n/a n/a 1.2 2.6 2.9 4.8
Growth +120.0% +13.4% +65.7%

† The diluted share count jumps at 2023 and 2025, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue shrank 9.9% a year over five years.
  • Operating margin is up 28.7 points on five years ago, at 28.8%.
  • A net loss in 5 of 7 years on file.