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Motorsport Games (MSGM) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 14, 2026
Motorsport Games (MSGM) reported revenue of $3.5M for the second quarter 2026 (Q2 2026), +37% from a year earlier and -12% from the quarter before. Operating margin was 18.0%, net earnings $401K (11.3% of revenue).
Motorsport Games, Q2 2026: revenue $3.5M (+37% year over year), operating margin 18.0%, net earnings $401K, operating cash flow $1.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.5M | -12% | +37% |
| Gross profit | $2.9M | -18% | +35% |
| Operating profit | $638K | -40% | -68% |
| Net earnings | $401K | +27% | -91% |
| Operating cash flow | $1.1M | -32% | +384% |
| Free cash flow | $1.1M | -32% | — |
What changed
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.
Questions
What was Motorsport Games' revenue in the second quarter 2026?
Motorsport Games (MSGM) reported revenue of $3.5M for the second quarter 2026 (Q2 2026), +37% from a year earlier and -12% from the quarter before.
Was Motorsport Games profitable in the second quarter 2026?
Operating profit was $638K (18.0% of revenue) and net earnings $401K.
Source: Motorsport Games 10-Q on SEC EDGAR.