Filing Flows › Motorsport Games (MSGM) › Q1 2025
Motorsport Games (MSGM) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Motorsport Games (MSGM) reported revenue of $1.8M for the first quarter 2025 (Q1 2025), -42% from a year earlier and -11% from the quarter before. Operating margin was -5.3%, net earnings $1.0M (58.2% of revenue).
Motorsport Games, Q1 2025: revenue $1.8M (-42% year over year), operating margin -5.3%, net earnings $1.0M, operating cash flow $305K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8M | -11% | -42% |
| Operating profit | −$93K | — | — |
| Net earnings | $1.0M | — | — |
| Operating cash flow | $305K | — | — |
What changed
Revenue was $1.8M in Q1 2025, down 42% year over year and down 11% from the previous quarter.
Gross margin was 73.5%, down 4.5 points from a year earlier. Operating costs exceeded revenue by $93K, an operating margin of -5.3%. Operating expenses fell 61% while revenue fell 42%. Net earnings were $1.0M ($1.0M including minority interests, which bore $18K of losses). The effective tax rate was 0.0%. Non-operating items added $1.1M, 109% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $305K, 30% of net earnings. Non-cash charges added back $252K of depreciation and amortization. Working capital and other items used $1.0M.
Questions
What was Motorsport Games' revenue in the first quarter 2025?
Motorsport Games (MSGM) reported revenue of $1.8M for the first quarter 2025 (Q1 2025), -42% from a year earlier and -11% from the quarter before.
Was Motorsport Games profitable in the first quarter 2025?
Operating loss was $93K (-5.3% of revenue) and net earnings $1.0M.
Source: Motorsport Games 10-Q on SEC EDGAR.