Filing Flows › Motorsport Games (MSGM) › Q1 2026
Motorsport Games (MSGM) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
Motorsport Games (MSGM) reported revenue of $4.0M for the first quarter 2026 (Q1 2026), +129% from a year earlier and +5% from the quarter before. Operating margin was 26.2%, net earnings $316K (7.8% of revenue).
Motorsport Games, Q1 2026: revenue $4.0M (+129% year over year), operating margin 26.2%, net earnings $316K, operating cash flow $1.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.0M | +5% | +129% |
| Gross profit | $3.5M | +7% | +172% |
| Operating profit | $1.1M | +84% | — |
| Net earnings | $316K | -62% | -70% |
| Operating cash flow | $1.6M | -5% | +338% |
| Free cash flow | $1.6M | -6% | — |
What changed
Revenue was $4.0M in Q1 2026, up 129% year over year and up 5% from the previous quarter.
Gross margin was 87.2%, up 13.6 points from Q1 2025. Operating profit was $1.1M, a 26.2% margin (up 31.5 points year over year). Operating expenses grew 77% against revenue growth of 129%. Net earnings were $316K, down 70% year over year. The effective tax rate was 0.0%.
Operating cash flow was $1.6M (up 338% year over year), 173% of net income including minority interests. Non-cash charges added back $176K of depreciation and amortization and $375K of share-based compensation. Working capital and other items added $147K. Capital expenditures of $22K left free cash flow of $1.6M.
Questions
What was Motorsport Games' revenue in the first quarter 2026?
Motorsport Games (MSGM) reported revenue of $4.0M for the first quarter 2026 (Q1 2026), +129% from a year earlier and +5% from the quarter before.
Was Motorsport Games profitable in the first quarter 2026?
Operating profit was $1.1M (26.2% of revenue) and net earnings $316K.
Source: Motorsport Games 10-Q on SEC EDGAR.