Motorsport Games Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	13.57	11.3	8.69	6.91	10.32	15.08
Revenue Growth (YoY)	82.97%	30.05%	25.73%	-33.08%	-31.51%	-20.84%
Cost of Revenue	2.15	2.09	3.23	3.62	4.96	7.53
Gross Profit	11.43	9.2	5.46	3.29	5.36	7.55
Selling, General & Admin	6.4	5.76	7.62	11.06	19.94	31.85
Depreciation & Amortization Expenses	0.04	0.05	0.21	0.4	0.42	0.28
Research & Development	1.67	1.76	3.38	7.24	10.42	9.62
Other Operating Expenses	-1.08	-1.61	-4	0.97	9.62	0.32
Total Operating Expenses	7.03	5.96	7.21	19.66	40.39	42.07
Operating Income	4.4	3.25	-1.75	-16.37	-35.03	-34.53
Interest Expense	-0.01	-	-	-0.77	-1.15	-0.5
Other Non-Operating Income (Expense)	2.14	3.35	-1.3	2.82	-0.67	1.33
Total Non-Operating Income (Expense)	2.13	3.35	-1.3	2.05	-1.81	0.82
Pretax Income	6.53	6.6	-3.05	-14.32	-36.84	-33.7
Provision for Income Taxes	-0.25	-0.25	-	-	-	-
Net Income	6.2	6.93	-2.75	-14.32	-35.99	-33.16
Minority Interest in Earnings	0.57	-0.08	-0.3	-	-0.85	-0.54
Net Income to Common	6.2	6.93	-2.75	-14.32	-35.99	-33.16
Shares Outstanding (Basic)	5	5	3	3	1	1
Shares Outstanding (Diluted)	5	5	3	3	1	1
Shares Change (YoY)	78.30%	65.66%	13.37%	120.05%	2.96%	62.53%
EPS (Basic)	1.17	1.43	-0.94	-5.56	-30.73	-29.15
EPS (Diluted)	1.17	1.43	-0.94	-5.56	-30.73	-29.15
EPS Growth	3800.00%	-	-	-	-	-
Shares Outstanding	5.08	5.08	3.18	2.72	1.18	1.16
Free Cash Flow	5.38	4.06	-2.86	-13.68	-19.81	-21.7
Free Cash Flow Growth	32.58%	-	-	-	-	-
Free Cash Flow Per Share	0.99	0.84	-0.98	-5.31	-16.91	-19.07
Gross Margin	84.19%	81.47%	62.87%	47.60%	51.96%	50.06%
Operating Margin	32.41%	28.76%	-20.14%	-236.94%	-339.25%	-229.02%
Profit Margin	49.92%	60.59%	-35.09%	-207.29%	-356.82%	-223.57%
FCF Margin	39.67%	35.94%	-32.96%	-198.03%	-191.90%	-143.91%
EBITDA	5.44	4.37	0.84	-14.26	-32.96	-32.74
EBITDA Margin	40.12%	38.69%	9.66%	-206.32%	-319.28%	-217.18%
EBIT	4.4	3.25	-1.75	-16.37	-35.03	-34.53
EBIT Margin	32.41%	28.76%	-20.14%	-236.94%	-339.25%	-229.02%
Effective Tax Rate	-43.00%	-3.72%	0.00%	0.00%	0.00%	0.00%

Updated May 13, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q