Filing Flows › GameSquare Holdings (GAME) › Q2 2026
GameSquare Holdings (GAME) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 13, 2026
GameSquare Holdings (GAME) reported revenue of $18.5M for the second quarter 2026 (Q2 2026), +137% from a year earlier and +27% from the quarter before. Operating margin was -9.3%, net loss $10.6M (57.6% of revenue).
GameSquare Holdings, Q2 2026: revenue $18.5M (+137% year over year), operating margin -9.3%, net loss $10.6M, operating cash flow −$2.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $18.5M | +27% | +137% |
| Operating profit | −$1.7M | — | — |
| Net earnings | −$10.6M | — | — |
| Operating cash flow | −$2.8M | — | -263% |
What changed
Revenue was $18.5M in Q2 2026, up 137% year over year and up 27% from the previous quarter. Marketing Agency was the largest line at 32% of revenue. Marketing Agency added $3.9M year over year (up 197%), 36% of the total change. Consumer Products - Royalties declined 13%.
Gross margin was 49.0%, up 19.6 points from Q2 2025. Operating costs exceeded revenue by $1.7M, an operating margin of -9.3%. Operating expenses grew 64% against revenue growth of 137%. The fastest-growing cost line was Other operating costs (+173%). The quarter ended with a net loss of $10.6M, narrower than the previous quarter's $17.7M loss. Net interest and other expense of $8.9M was the main reason.
Operating cash flow was −$2.8M. Non-cash charges added back $539K of depreciation and amortization and $332K of share-based compensation. Working capital and other items added $7.0M. Capital expenditures of $6K exceeded it, leaving free cash flow of −$2.8M.
Questions
What was GameSquare Holdings' revenue in the second quarter 2026?
GameSquare Holdings (GAME) reported revenue of $18.5M for the second quarter 2026 (Q2 2026), +137% from a year earlier and +27% from the quarter before.
Was GameSquare Holdings profitable in the second quarter 2026?
Operating loss was $1.7M (-9.3% of revenue) and net loss $10.6M.