Gamesquare Holdings, Inc. income statement
In fiscal 2025, Gamesquare Holdings, Inc. reported revenue of $45.0m, up 63.4% on the year before, operating income of −$25.2m (a -56.1% margin) and net income of −$40.1m, or −$0.61 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|
| Revenue | 28 | 41 | 28 | 45 | 63 |
| Cost of revenue | 18 | 31 | 18 | 25 | 34 |
| Gross profit | 10 | 10 | 9 | 20 | 29 |
| Research and development | — | 3 | 2 | 2 | 2 |
| Selling and marketing | 7 | 6 | 5 | 6 | 7 |
| General and administrative | 17 | 14 | 16 | 20 | 22 |
| Operating income | −18 | −25 | −34 | −25 | −22 |
| Interest expense | 0 | 1 | 1 | 0 | — |
| Income before tax | −18 | −26 | −35 | −30 | −50 |
| Income tax | −0 | −0 | — | 0 | — |
| Net income | −18 | −31 | −49 | −40 | −60 |
| Diluted EPS | −$1.63 | −$2.81 | −$1.75 | −$0.61 | — |
| Diluted shares (average) | 11m | 11m | 28m | 66m | — |
| EBITDA | −16 | −22 | −31 | −24 | −20 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 9 | 8 | 7 | 8 | 11 | 18 | 15 | 18 |
| Cost of revenue | 5 | 6 | 4 | 5 | 6 | 10 | 9 | 9 |
| Gross profit | 4 | 2 | 3 | 2 | 6 | 8 | 6 | 9 |
| Research and development | 0 | 0 | 1 | 1 | 1 | 0 | 1 | 1 |
| Selling and marketing | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 |
| General and administrative | 4 | 5 | 4 | 4 | 6 | 6 | 4 | 5 |
| Operating income | −3 | −20 | −4 | −4 | −2 | −14 | −3 | −2 |
| Interest expense | 0 | −0 | 0 | — | — | — | — | — |
| Income before tax | −4 | −20 | −4 | −4 | 6 | −28 | −18 | −11 |
| Income tax | — | — | — | — | — | — | — | 0 |
| Net income | −5 | −26 | −5 | −3 | −1 | −31 | −18 | −11 |
| Diluted EPS | −$0.18 | −$0.90 | −$0.14 | −$0.08 | −$0.01 | −$0.45 | −$0.18 | −$0.11 |
| EBITDA | −3 | −19 | −4 | −4 | −2 | −14 | −3 | −1 |
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