Motorsport Games Inc. income statement
In fiscal 2025, Motorsport Games Inc. reported revenue of $11.3m, up 30.0% on the year before, operating income of $3.2m (a 28.8% margin) and net income of $6.9m, or $1.43 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 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 12 | 19 | 15 | 10 | 7 | 9 | 11 | 15 |
| Cost of revenue | 5 | 7 | 8 | 5 | 4 | 3 | 2 | 2 |
| Gross profit | 7 | 12 | 8 | 5 | 3 | 5 | 9 | 12 |
| Research and development | 5 | 5 | 10 | 10 | 7 | 3 | 2 | 2 |
| Selling and marketing | 4 | 3 | 6 | 6 | 2 | 1 | 1 | 1 |
| General and administrative | 3 | 4 | 25 | 14 | 9 | 7 | 5 | 6 |
| Operating income | −5 | 0 | −35 | −35 | −16 | −2 | 3 | 3 |
| Interest expense | — | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
| Net interest income | — | — | −1 | −1 | −1 | −0 | −0 | — |
| Income before tax | — | — | — | — | — | −3 | 7 | — |
| Income tax | — | — | — | — | — | — | −0 | — |
| Net income | −4 | −2 | −33 | −36 | −14 | −3 | 7 | 2 |
| Diluted EPS | — | — | −$29.10 | $30.73 | −$5.56 | −$0.94 | $1.43 | $0.43 |
| Diluted shares (average) | — | — | 1m | 1m | 3m | 3m | 5m | 5m |
| EBITDA | −4 | 1 | −33 | −33 | −14 | 1 | 4 | 4 |
| 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 | 1,803 | 1,974 | 1,758 | 2,592 | 3,100 | 3,848 | 4,031 | 3,540 |
| Cost of revenue | 717 | 1,071 | 465 | 455 | 598 | 575 | 517 | 644 |
| Gross profit | 1,086 | 903 | 1,293 | 2,137 | 2,502 | 3,272 | 3,514 | 2,896 |
| Research and development | 849 | 598 | 602 | 270 | 419 | 469 | 514 | 737 |
| Selling and marketing | 176 | 108 | 98 | 126 | 136 | 265 | 210 | 191 |
| General and administrative | 1,947 | 1,334 | 1,168 | 865 | 1,143 | 1,956 | 1,699 | 1,321 |
| Operating income | −1,932 | −661 | −93 | 1,968 | 799 | 575 | 1,056 | 638 |
| Interest expense | 30 | 30 | 13 | 5 | 1 | −0 | 3 | 16 |
| Net interest income | −30 | −30 | −13 | −5 | −1 | 0 | — | — |
| Net income | −555 | −2,639 | 1,041 | 4,258 | 789 | 839 | 316 | 401 |
| Diluted EPS | −$0.18 | −$0.90 | $0.33 | $0.82 | $0.14 | $0.11 | $0.06 | $0.08 |
| EBITDA | −1,885 | 173 | 159 | 1,980 | 808 | 902 | 1,232 | 646 |
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