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MARKETS / NASDAQ / MSGM
NASDAQ · SERVICES-PREPACKAGED SOFTWARE · SMALL CAP

Motorsport Games Inc. MSGM

7 fiscal years on record · USD · FY2025 reported · SEC filings only
$11.3M
▲ 30.0% YoY
$6.9M
$4.1M
In brief

What this company does

Motorsport Games Inc. (“Motorsport”) is a racing game developer, publisher and esports ecosystem provider of official motorsport racing series, including games based on the iconic 24 Hours of Le Mans endurance race (“Le Mans”) and the associated FIA World Endurance Championship (the “WEC”). Our portfolio also includes the KartKraft karting simulation game, as well as Studio 397 B.V. (“Studio397”) and their rFactor 2 realistic racing simulator technology and platform. We develop and publish racing video games for personal computers (PCs) through various digital channels, including full-game and downloadable content (“DLC”). On February 20, 2024, we released Le Mans Ultimate on PC in early access. Motorsport Games was formed in 2018 by Driven Lifestyle as a wholly-owned subsidiary in connection with the acquisition by Motorsport Games of a controlling interest in 704Games Company, which previously held the exclusive license to be the official video game developer and publisher for the NASCAR video game racing franchise, subject to certain limited exceptions. On October 3, 2023, we sold our NASCAR licensed rights under that certain Second Amended and Restated Distribution and License Agreement with NASCAR Team Properties (“NTP”) (the “NASCAR License”) to iRacing.com Motorsport Simulations, LLC (“iRacing”).

Written from the business description in Motorsport Games Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 10 March 2026. Every sentence was checked against that document before publication.

Growth
USD 11.3M
Revenue, FY2025 · full 7-year series below
Revenue $M Net income $M
FY2025 · Revenue 11.3 · Net income 6.9
8M16M-20M2019202020212022202320242025
Compound annual growth
+3.0%
−9.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −9.9% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
61 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 28.8% · Net 60.6%
20%40%60%-100%-200%-300%2019202020212022202320242025
ROE
FY2025 · ROE 190.5%
50%100%150%-500%-1000%2019202020212022202320242025

Each USD of equity produced 191 cents of profit this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 4.1
2M4M-8M-16M2019202020212022202320242025

Total assetsUSD 12.0M
EquityUSD 6.8M
CashUSD 5.0M
Current ratio2.25×

Equity funds 57% of total assets.

The 7-year record
7 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019
Revenue $B0.00.00.00.00.00.00.0
Operating income $B0.0−0.0−0.0−0.0−0.00.0−0.0
EBITDA $B0.00.0−0.0−0.0−0.00.0−0.0
Income tax $B−0.0······
Net income $B0.0−0.0−0.0−0.0−0.0−0.0−0.0
Free cash flow $B0.0−0.0−0.0−0.0−0.00.0−0.0
EPS, diluted $1.43−0.94−5.56−30.73−2.91··
Dividend / sh $·······
Payout %·······
ROE %190.5−359.2−1114.6−188.2−185.8··

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 32 reconciliationsAUDITED

Reconciled in 7 of 19 fiscal years. 63 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Prepackaged Software
Listed onNASDAQ
Incorporated inFlorida
Fiscal year endsDecember 31
SEC categoryemerging growth company, smaller reporting company
Data on record since2019

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