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Motorsport Games Inc. key statistics and ratios

In fiscal 2025, Motorsport Games Inc. had return on equity of 190.5% and a net margin of 61.3%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Net margin−30.1%−9.2%−220.0%−348.6%−207.3%−31.7%61.3%16.2%
Return on equity−98.7%−136.1%−185.8%−188.2%——190.5%44.0%
Return on assets−27.9%−11.6%−97.4%−103.4%−100.0%−34.4%76.0%20.1%
Effective tax rate——————−3.7%—
R&D as % of revenue40.4%24.4%63.8%100.9%104.7%38.9%15.6%14.7%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

3 of 3 checks passed · June 30, 2026
What it owns · $11m
Short-term assets $6mLonger-term assets $5m
What it owes, and who funded it · $10m
Short-term liabilities $3mLonger-term liabilities $3mShareholders' equity $4m
  • Short-term assets cover short-term liabilities $6m of assets due within a year against $3m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $6m short-term assets against $3m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of $3m against $20,132 of interest.

From Motorsport Games Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

25 /100

Weak moat

How hard Motorsport Games's competitive advantage looks for rivals to wear away, judged from 6 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -20.4% of total assets over 6 years.

  • Pricing power 12 / 20

    Gross margin has been a median 64.5%, moving by 12.6 percentage points (standard deviation) across 6 years.

  • Durability 10 / 20

    Operating margin has been a median -73.1%; its worst year was -316.1%.

  • Cash conversion 2 / 20

    Free cash flow was positive in 1 of 6 years, at a median -65.2% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (30 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: MSGM vs SEGGGIGM vs MSGMCTW vs MSGM

More: Interactive Home Entertainment stocks compared, Communication Services sector, rankings of US companies

Figures from Motorsport Games Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Motorsport Games Inc.