Filing Flows › Motorsport Games (MSGM) › Q4 2024
Motorsport Games (MSGM) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 20, 2025
Motorsport Games (MSGM) reported revenue of $2.0M for the fourth quarter 2024 (Q4 2024), +13% from a year earlier and +9% from the quarter before. Operating margin was -33.5%, net loss $2.9M (145.9% of revenue).
Motorsport Games, Q4 2024: revenue $2.0M (+13% year over year), operating margin -33.5%, net loss $2.9M, operating cash flow −$2.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0M | +9% | +13% |
| Operating profit | −$661K | — | — |
| Net earnings | −$2.9M | — | — |
| Operating cash flow | −$2.1M | — | — |
What changed
Revenue was $2.0M in Q4 2024, up 13% year over year and up 9% from the previous quarter.
Gross margin was 45.8%, down 15.7 points from a year earlier. Operating costs exceeded revenue by $661K, an operating margin of -33.5%. Operating expenses grew 107% against revenue growth of 13%. The quarter ended with a net loss of $2.9M, wider than the previous quarter's $573K loss. Net interest and other expense of $2.2M was the main reason.
Operating cash flow was −$2.1M. Non-cash charges added back $834K of depreciation and amortization and $47K of share-based compensation. Working capital and other items used $143K. Capital expenditures of −$0K exceeded it, leaving free cash flow of −$2.1M.
Questions
What was Motorsport Games' revenue in the fourth quarter 2024?
Motorsport Games (MSGM) reported revenue of $2.0M for the fourth quarter 2024 (Q4 2024), +13% from a year earlier and +9% from the quarter before.
Was Motorsport Games profitable in the fourth quarter 2024?
Operating loss was $661K (-33.5% of revenue) and net loss $2.9M.
Source: Motorsport Games 10-K on SEC EDGAR.