Filing Flows › Motorsport Games (MSGM) › Q2 2025
Motorsport Games (MSGM) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 13, 2025
Motorsport Games (MSGM) reported revenue of $2.6M for the second quarter 2025 (Q2 2025), +38% from a year earlier and +47% from the quarter before. Operating margin was 75.9%, net earnings $4.3M (164.3% of revenue).
Motorsport Games, Q2 2025: revenue $2.6M (+38% year over year), operating margin 75.9%, net earnings $4.3M, operating cash flow −$30K. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.6M | +47% | +38% |
| Gross profit | $2.1M | +65% | +93% |
| Operating profit | $2.0M | — | -4% |
| Net earnings | $4.3M | +309% | +102% |
| Operating cash flow | −$30K | -110% | — |
What changed
Revenue was $2.6M in Q2 2025, up 38% year over year and up 47% from the previous quarter.
Gross margin was 82.4%, up 23.5 points from a year earlier. Operating profit was $2.0M, a 75.9% margin (down 33.5 points year over year). Operating profit fell $91K even though revenue rose $710K versus a year earlier, so costs grew faster than sales. Net earnings were $4.3M, up 102% year over year ($4.2M including minority interests, which bore $20K of losses). The effective tax rate was 0.0%. Non-operating items added $2.3M, 54% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$30K. Non-cash charges added back $254K of depreciation and amortization. Working capital and other items used $4.5M.
Questions
What was Motorsport Games' revenue in the second quarter 2025?
Motorsport Games (MSGM) reported revenue of $2.6M for the second quarter 2025 (Q2 2025), +38% from a year earlier and +47% from the quarter before.
Was Motorsport Games profitable in the second quarter 2025?
Operating profit was $2.0M (75.9% of revenue) and net earnings $4.3M.
Source: Motorsport Games 10-Q on SEC EDGAR.