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Motorsport Games (MSGM) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 14, 2026 · Motorsport Games (MSGM) Q2 2026 earnings results →
Q2 2026 Revenue up 37% year over year to $3.5M · 11¢ of every $1 of revenue kept as net profit · operating margin 18.0%
Motorsport Games made $3.5M in Q2 2026 (+37% Y/Y): Gaming $3.5M, Esports $36K. Operating margin 18.0%, net earnings $401K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 14, 2026.
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What changed this quarter
Revenue was $3.5M in Q2 2026, up 37% year over year and down 12% from the previous quarter. Gaming was the largest line at 99% of revenue. Gaming added $912K year over year (up 35%), 96% of the total change.
Gross margin was 81.8%, down 0.7 points from Q2 2025. Operating profit was $638K, a 18.0% margin (down 57.9 points year over year). Operating profit fell $1.3M even though revenue rose $948K versus Q2 2025, so costs grew faster than sales. Operating expenses grew 1237% against revenue growth of 37%. Net earnings were $401K, down 91% year over year ($243K including minority interests, which bore $158K of losses). The effective tax rate was 0.0%.
Operating cash flow was $1.1M (up 384% year over year), 461% of net income including minority interests. Non-cash charges added back $237K of depreciation and amortization and $38K of share-based compensation. Working capital and other items added $604K. Capital expenditures of $8K left free cash flow of $1.1M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 14, 2026 | $3.5M | +37% | 18.0% | $401K | $1.1M |
| Q1 2026 | 10-Q | May 13, 2026 | $4.0M | +129% | 26.2% | $316K | $1.6M |
| Q4 2025 | 10-K | Mar 10, 2026 | $3.8M | +95% | 14.9% | $839K | $1.7M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $3.1M | +72% | 25.8% | $789K | $2.1M |
| Q2 2025 | 10-Q | Aug 13, 2025 | $2.6M | +38% | 75.9% | $4.3M | −$30K |
| Q1 2025 | 10-Q | May 9, 2025 | $1.8M | -42% | -5.3% | $1.0M | $305K |
| Q4 2024 | 10-K | Mar 20, 2025 | $2.0M | +13% | -33.5% | −$2.9M | −$2.1M |
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Customers and suppliers named in filings
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About Motorsport Games
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. rFactor 2 also powers F1® Arcade through a partnership with Kindred Concepts.
In its own words, from its 10-K, filed Mar 10, 2026.
Motorsport Games against its Services-Prepackaged Software peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +37% against the peers' median +19%. Operating margin: 18.0% against the peers' median 18.0%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| MSGM Motorsport Games | Q2 2026 | $3.5M | +37% | 18.0% |
| MSFT Microsoft | Q1 FY27 | $92.3B | +19% | 49.8% |
| ORCL Oracle | Q1 FY27 | $19.3B | +30% | 34.8% |
| CRM Salesforce | Q2 FY27 | $11.3B | +11% | 20.5% |
| ADBE Adobe | Q3 FY26 | $6.8B | +13% | 34.8% |
| XYZ Block | Q3 2026 | $6.7B | +10% | 6.4% |
| INTU Intuit | Q4 FY26 | $4.4B | +14% | 10.9% |
| NOW ServiceNow | Q3 2026 | $4.1B | +20% | 9.4% |
| SHOP Shopify | Q3 2026 | $3.7B | +32% | 15.2% |
Source: Motorsport Games 10-Q on SEC EDGAR · CIK 1821175 · Services-Prepackaged Software
13F: who owns MSGM and who is buying
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History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results