Filing Flows › Motorsport Games (MSGM) › Q4 2025
Motorsport Games (MSGM) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 10, 2026
Motorsport Games (MSGM) reported revenue of $3.8M for the fourth quarter 2025 (Q4 2025), +95% from a year earlier and +24% from the quarter before. Operating margin was 14.9%, net earnings $839K (21.8% of revenue).
Motorsport Games, Q4 2025: revenue $3.8M (+95% year over year), operating margin 14.9%, net earnings $839K, operating cash flow $1.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.8M | +24% | +95% |
| Gross profit | $3.3M | +31% | +262% |
| Operating profit | $575K | -28% | — |
| Net earnings | $839K | +6% | — |
| Operating cash flow | $1.7M | -15% | — |
| Free cash flow | $1.7M | — | — |
What changed
Revenue was $3.8M in Q4 2025, up 95% year over year and up 24% from the previous quarter.
Gross margin was 85.0%, up 39.3 points from Q4 2024. Operating profit was $575K, a 14.9% margin (up 48.5 points year over year). Operating expenses grew 72% against revenue growth of 95%. Net earnings were $839K ($816K including minority interests, which bore $24K of losses). The effective tax rate was 0.0%. Non-operating items added $241K, 29% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $1.7M, 213% of net income including minority interests. Non-cash charges added back $327K of depreciation and amortization. Working capital and other items added $599K. Capital expenditures of $8K left free cash flow of $1.7M.
Questions
What was Motorsport Games' revenue in the fourth quarter 2025?
Motorsport Games (MSGM) reported revenue of $3.8M for the fourth quarter 2025 (Q4 2025), +95% from a year earlier and +24% from the quarter before.
Was Motorsport Games profitable in the fourth quarter 2025?
Operating profit was $575K (14.9% of revenue) and net earnings $839K.
Source: Motorsport Games 10-K on SEC EDGAR.