Filing Flows › Motorsport Games (MSGM) › Q3 2025
Motorsport Games (MSGM) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Motorsport Games (MSGM) reported revenue of $3.1M for the third quarter 2025 (Q3 2025), +72% from a year earlier and +20% from the quarter before. Operating margin was 25.8%, net earnings $789K (25.5% of revenue).
Motorsport Games, Q3 2025: revenue $3.1M (+72% year over year), operating margin 25.8%, net earnings $789K, operating cash flow $2.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.1M | +20% | +72% |
| Gross profit | $2.5M | +17% | +130% |
| Operating profit | $799K | -59% | — |
| Net earnings | $789K | -81% | — |
| Operating cash flow | $2.1M | — | — |
What changed
Revenue was $3.1M in Q3 2025, up 72% year over year and up 20% from the previous quarter.
Gross margin was 80.7%, up 20.5 points from a year earlier. Operating profit was $799K, a 25.8% margin (up 132.9 points year over year). Operating expenses fell 44% while revenue rose 72%. Net earnings were $789K ($769K including minority interests, which bore $21K of losses). The effective tax rate was 0.0%.
Operating cash flow was $2.1M, 268% of net income including minority interests. Non-cash charges added back $289K of depreciation and amortization. Working capital and other items added $1.0M.
Questions
What was Motorsport Games' revenue in the third quarter 2025?
Motorsport Games (MSGM) reported revenue of $3.1M for the third quarter 2025 (Q3 2025), +72% from a year earlier and +20% from the quarter before.
Was Motorsport Games profitable in the third quarter 2025?
Operating profit was $799K (25.8% of revenue) and net earnings $789K.
Source: Motorsport Games 10-Q on SEC EDGAR.