Filing Flows › GameSquare Holdings (GAME) › Q2 2025
GameSquare Holdings (GAME) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 14, 2025
GameSquare Holdings (GAME) reported revenue of $15.9M for the second quarter 2025 (Q2 2025), -11% from a year earlier and -25% from the quarter before. Operating margin was -29.8%, net loss $3.0M (19.0% of revenue).
GameSquare Holdings, Q2 2025: revenue $15.9M (-11% year over year), operating margin -29.8%, net loss $3.0M, operating cash flow $1.7M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $15.9M | -25% | -11% |
| Operating profit | −$4.7M | — | — |
| Net earnings | −$3.0M | — | — |
| Operating cash flow | $1.7M | — | — |
| Free cash flow | $1.7M | — | — |
What changed
Revenue was $15.9M in Q2 2025, down 11% year over year and down 25% from the previous quarter.
Gross margin was 15.3%, up 1.2 points from a year earlier. Operating costs exceeded revenue by $4.7M, an operating margin of -29.8%. Operating expenses fell 18% while revenue fell 11%. The quarter ended with a net loss of $3.0M, narrower than the previous quarter's $7.2M loss.
Operating cash flow was $1.7M. Non-cash charges added back $302K of depreciation and amortization and $6K of share-based compensation. Working capital and other items added $4.4M. Capital expenditures of $2K left free cash flow of $1.7M.
Questions
What was GameSquare Holdings' revenue in the second quarter 2025?
GameSquare Holdings (GAME) reported revenue of $15.9M for the second quarter 2025 (Q2 2025), -11% from a year earlier and -25% from the quarter before.
Was GameSquare Holdings profitable in the second quarter 2025?
Operating loss was $4.7M (-29.8% of revenue) and net loss $3.0M.