Motorsport Games Inc. (MSGM) — Financial statements
Income statement, balance sheet, and cash flow for Motorsport Games Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 11↑30.0% | 9↑25.7% | 7↓33.1% | 10↓31.5% | 15 | |
| Cost of Revenue | 2↓33.6% | 3↓10.9% | 4↓27.0% | 5↓34.1% | 8 | |
| Gross Profit | 9↑67.7% | 5↑66.1% | 3↓38.7% | 5↓28.9% | 8 | |
| Operating Expenses | ||||||
| R&D Expenses | 2↓47.9% | 3↓53.3% | 7↓30.5% | 10↑8.3% | 10 | |
| General & Administrative Expenses | 5↓25.4% | 7↓26.5% | 9↓31.9% | 14↓45.8% | 25 | |
| Selling & Marketing Expenses | 0.62↓15.5% | 0.74↓56.3% | 2↓72.6% | 6↓4.7% | 6 | |
| SG&A Expenses | 6↓24.5% | 8↓31.1% | 11↓44.5% | 20↓37.4% | 32 | |
| Other Expenses | 0.00↑100.0% | -4↓377.4% | 1↓86.4% | 10↑1580.4% | 0.60 | |
| Operating Expenses | 8↑4.2% | 7↓63.3% | 20↓51.3% | 40↓4.0% | 42 | |
| Total Costs & Expenses | 10↓7.5% | 10↓55.2% | 23↓48.7% | 45↓8.6% | 50 | |
| Operating Results | ||||||
| Operating Income | 2↑193.7% | -2↑89.3% | -16↑53.3% | -35↓1.4% | -35 | |
| Depreciation & Amortization | 1↓56.7% | 3↑22.4% | 2↑2.6% | 2↑15.5% | 2 | |
| EBITDA | 3↑917.6% | -0.34↑97.0% | -11↑66.0% | -34↓7.0% | -31 | |
| EBIT | 2↑156.0% | -3↑78.4% | -14↑62.0% | -36↓7.5% | -33 | |
| Interest & Other Income | ||||||
| Net Interest Income | -0.02↑84.4% | -0.12↑84.4% | -0.77↑32.7% | -1↓127.7% | -0.50 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 0.02↓84.4% | 0.12↓84.4% | 0.77↓32.7% | 1↑127.7% | 0.50 | |
| Non-Operating Income | 0.00↓100.0% | 1↑141.7% | -3↓523.8% | 0.67↑150.2% | -1 | |
| Other Income / Expenses | 5↑482.0% | -1↓163.4% | 2↑212.9% | -2↓320.7% | 0.82 | |
| Income Before Tax | 7↑316.5% | -3↑78.7% | -14↑61.1% | -37↓9.3% | -34 | |
| Income Tax Expense | -0.25 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 7↑324.6% | -3↑78.7% | -14↑61.1% | -37↓9.3% | -34 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 7↑351.7% | -3↑80.8% | -14↑60.2% | -36↓8.5% | -33 | |
| Bottom-Line Net Income | 7↑351.7% | -3↑80.8% | -14↑60.2% | -36↓8.5% | -33 | |
| EPS (Basic) | 1.43↑252.1% | -0.94↑81.4% | -5.06↑83.5% | -30.73↓5.6% | -29.10 | |
| EPS (Diluted) | 1.43↑252.1% | -0.94↑81.4% | -5.06↑83.5% | -30.73↓5.6% | -29.10 | |
| Weighted Average Shares | 5↑65.7% | 3↑13.4% | 3↑120.0% | 1↑0.5% | 1 | |
| Weighted Average Diluted Shares | 5↑65.7% | 3↑13.4% | 3↑120.0% | 1↑0.5% | 1 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.